Students in pursuit of beginning a journey to study abroad often put a common question on the table. The question is, ‘Why is student accommodation so expensive?’ Although the answer is quite simple, overseas students’ housing apartments are constructed in a modern infrastructural style with all the needed amenities. But, finding affordable student accommodation is a top priority for any student. However, it’s not uncommon for students to be shocked by the high prices of student accommodation. In this article, we’ll explore the reasons why student accommodation can be so expensive and how to manage the cost while choosing a student apartment abroad.
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6 Reasons Why Student Accommodations Are Expensive
There are several reasons why student accommodation can be so expensive. These include location, amenities, maintenance and repairs, furnishings, demand, short rental periods, and security.
Location Plays a Primary Role
Location plays a significant role in the cost of student accommodation. Universities and colleges located in major cities or popular student areas tend to have higher rental prices. This is because the demand for housing in these areas is high, and landlords can charge a premium for their properties. If you are renting accommodation in the city centre, you can expect to pay more than the accommodation located in countryside areas or away from the university campuses.
Nearby Amenities are the Added Perks
Many student accommodations come equipped with a range of amenities, such as a gym, pool, and communal areas. These facilities are designed to make student life more comfortable and enjoyable. However, they also come at a cost. Landlords need to cover the cost of maintaining and running these amenities, which is reflected in the rental price.
On-site Maintenance and Repair Facilities
Landlords are responsible for the maintenance and repairs of their properties. This can include fixing appliances, repairing leaks, and carrying out general upkeep. The cost of these repairs is often factored into the accommodation rental price. Additionally, student accommodations may require more frequent maintenance due to the high turnover of tenants. This helps students avoid the management of numerous bills while managing studies simultaneously.
Availability of Fully Furnished Accommodations
Many student accommodations come fully furnished, which is convenient for students who are moving away from home for the first time. However, furnishing as well as maintaining a property can be expensive for property owners, and they may pass this cost onto tenants in the form of higher rent. Furnished accommodations also require more frequent maintenance and may need to be replaced more often than unfurnished properties.
The more in Demand Higher the Price
The demand for student accommodation is high, particularly in popular university cities. This means that landlords can charge higher prices for their properties, knowing that there will be students willing to pay. Additionally, the competition for accommodation can be fierce, with many students competing for the same properties. This can drive up prices further.
24/7 Security System
Student accommodations often come with added security features, such as CCTV, secure entry systems, and onsite security staff. These features are designed to keep students safe and protect their possessions. However, they also come at a cost, which is reflected in the rental price resulting in expensive student accommodation.
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Tips to Manage Student Accommodation Expenses
While it’s not always possible to find affordable accommodation, there are steps that students can take to reduce their costs. Check out the examples below.
- Sharing accommodation with other international students.
- Looking for properties outside of popular student areas, and considering unfurnished properties.
- It’s also important to budget carefully and plan to avoid any unexpected expenses.
FAQs
When a student migrates for overseas education, he may need to rent an apartment or accommodation for the time. As a guest living in a rented housing facility, the student needs to pay a particular amount for using the apartment perks and facilities known as a student accommodation fee.
On average a one-bedroom studio or apartment in the UK costs around 600-740 GBP. While renting shared bedroom apartments with a capacity of 3 to 5 students ranges between 970 to 1250 GBP.
An all-inclusive bill like electricity, internet, water, and gas are generally included in almost 4 out of 5 student accommodations.
The reasons include Fully Furnished Accommodations, 24/7 Security systems, demand for higher prices and more.
Yes, location plays a significant role in the cost of student accommodation.
I hope you like reading it. For booking the best accommodation abroad to start your study abroad experience you can contact Fly Homes at 1800572118.
