03 Sep Is your rental student-ready?

With the new academic year here, now is the perfect time to ensure your rental is ready for student tenants. And, whether you’re a seasoned landlord or new to the market, a well-prepared student property can be in high demand. So, here’s a checklist to help you prepare…

Comply with safety regulations

Just like any other rental, a student property must meet strict safety standards. This includes having a valid Gas Safety Certificate, working smoke and carbon monoxide alarms, up to date Electrical Installation Condition Reports and fire-safe furnishings as well as clear escape routes.

Offer the right furniture 

For ease, most students will be looking for fully furnished accommodation. Each bedroom should therefore have a bed, desk and wardrobe and communal areas typically contain a sofa and dining table. You may also want to include basic kitchen appliances like a fridge, freezer, microwave and washing machine. Durability matters so choose sturdy and easy-to-clean items rather than luxury. 

Include high-speed internet access

Wi-Fi is always going to be a top priority for students so consider investing in high-speed broadband and include this in the rent. It’s a small touch that can add a lot of appeal – and it might just be a dealbreaker. 

Consider all-inclusive rent

On the topic of rent, including bills in the rent can also be a good idea. It simplifies budgeting and can help to make your property stand out from the rest. Students want convenience so why not show them your property can be. 

Keep it low maintenance

Students aren’t usually looking for perfection but they do want a clean and functional home. Simple and easy to care for finishes on floors and walls will help reduce wear and tear. And, a maintenance check every now and then could save you repair costs during term time. 

Get the right licensing 

If your property has five or more unrelated tenants, you might need an HMO license. It’s important to check local requirements to stay compliant. 

Looking to maximise your rental? At Kaytons, we can advise on the market, recommend improvements and help you find reliable tenants. So whether you’re preparing for your first let or have a growing portfolio of properties, why not speak to our letting experts today?