Student housing is one of those terms that is tossed around all the time, but what does it really mean? These living environments make up their own housing category – and for good reason. Some key differences set these homes apart from traditional multifamily housing.
Join us as we unpack the unique charm of student living and answer your burning questions: What is student housing? How does it differ from the traditional rental scene?
Let’s get into it.
What Is Student Housing?
Student housing isn’t just about a place to crash near school; it’s a haven where students can thrive. So, what is student housing exactly? Well, it’s not your average apartment or condo—it’s a dynamic living experience crafted with students (and their lifestyles) in mind.
Student Housing VS Multifamily Housing
Student housing is a distinctive niche within the realm of commercial real estate, because it exclusively caters to the particular needs of college or university students. Setting itself apart from the multifamily housing category, student housing provides a tailored living experience for students. Located close to educational institutions, these accommodations typically come fully furnished and are often equipped with amenities specifically attuned to the unique lifestyle and preferences of students. This creates an environment best suited for academic pursuits and communal living.
On the flip side, multifamily properties represent a broader category within residential real estate, encompassing apartment complexes, duplexes, and other residential structures. Their primary objective is to provide comfortable living spaces for multiple families or individuals, which transcends the specialized focus of student housing. Unlike the targeted amenities and location considerations of student housing, multifamily properties offer a more generalized residential experience. Residents in multifamily housing enjoy the freedom to pursue a diverse range of lifestyles, from unwinding after a day’s work to engaging in household activities.
Unlocking the Special Features of Student Housing
Furnished Comfort: Like Home, But Better
Because most of the student population is moving for the first time, they don’t have much to move when it comes to furniture and household appliances. That’s why some student housing options are already decked out with everything you need. No frantic furniture shopping or assembly is required, turning your move-in day into a breeze.
Location, Location, Location: The Student Hub
At it’s core, you can respond to the question “What is student housing?” with this simple answer: housing that is located near school and dedicated to students.
But that’s not all of it. Student housing isn’t just close to campus; it’s practically a neighbor. No more long commutes or struggling to find parking. It’s all about convenience, ensuring you have more time for classes, study sessions, and maybe a bit of fun too.
Flexible Lease Terms: School Year Synchronicity
A student’s schedule is different than the average person – they need housing during their academic semesters primarily. This can extend into the summer at times, but it there isn’t always a clean overlap with standard lease terms.
That’s why student housing utilizes shorter lease terms, so you won’t be stuck paying for an empty apartment during summer break. It’s the kind of flexibility that aligns with the academic flow.
Amenities Tailored for Students: Where Comfort Meets Community
Student housing isn’t just about where you sleep; it’s about where you grow. Picture study lounges, fitness centers, and spaces designed to foster a vibrant community. It’s a step beyond traditional housing, offering an all-encompassing lifestyle upgrade.
These amenities are specifically crafted for a student lifestyle.
Investing in Student Housing: A Smart Move for Property Owners
Maybe you’re not just asking “What is student housing?” but “What is student housing to me?”
We’re happy to help. When it comes to real estate, investing in student housing is more than a venture—it’s a strategic move with compelling advantages.
The perpetual demand for student housing, fueled by the influx of new students each year, makes it a lucrative and sustainable market. Short-term leases, typically aligned with the academic calendar, offer the flexibility to turn over units annually, reducing long-term commitment risks.
The beauty lies in scalability; easily adapting to market dynamics by creating more units in high-demand scenarios or renting out a portion to other tenants during dips.
Connect with Four Star
At Four Star, we’re not just about managing properties; we’re about creating homes tailored for the unique needs of students. Explore our student housing gems in Denver, Boulder, Fort Collins, and Greeley.
Got questions or just want to chat? Reach out to our friendly Four Star team. We’re not just about finding a place to stay; we’re about crafting a living experience that feels like home.