Landlords encouraged to buy and renovate disused buildings, then let to students

November 18, 2011

CIA Let Property Blog

Have you ever wanted to renovate a building for student use? If you do and you go for it make sure you take out a landlord insurance policy.

Property expert, Stephanie Sowerby, has said that disused buildings are ideal for student accommodation. Ms Sowerby, Marketing Director for Fresh Start Living has pushed this as there is great demand for student properties in university towns and cities.

Developing these properties could be cost-effective she goes onto explain, councils may be swayed more to say yes to construction and provide planning permission on brownfield sites

“There is a huge demand (for such properties) from investors because of the return on investment potential that is offered,” the specialist stated, noting there is a shortage of housing for students in city centres.

With universities wanting to save cash, they are selling their living spaces because their government funding was cut. This means that private investors are seeing more university students who need a place to live.

Landlords who are thinking of letting out their property may want to join a new scheme which has been set up by accommodation for students and unipol, they accredit property which is up to a certain standard.

To protect your property against damage by students you may want to look into landlord insurance (mentioned at the top of this article). We also have a specialist students contents insurance cover, this is for students who want to protect their goods while living in your property.
Source- Simple

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