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A New Level of Luxury in Student Accommodation

Posted on Dec 20, 2018 with No comments

Dec 20, 2018

If you think about student accommodation and unpleasant memories of damp walls, cramped houses and broken boilers come to mind, you may have been right twenty years ago. But in 2018 things are different. The UK higher education sector is worth billions to the UK economy and student experience is one of the driving forces behind this.

If students are being enticed into spending tens of thousands of pounds for a world class education, they are expecting far more from their accommodation than ever before. 24-hour concierge services, rooftop bars, high end interior design and communal cinema rooms are just some of the luxury features that are appreciated and expected by the discerning students of the 21st century.

The university sector has become one of the biggest industries in the UK, and the purpose built student accommodation sector has followed suit, changing the face of student accommodation for an increasing number of students who want more from their environment than four walls and a broken desk

In 2016-17 there were a huge 2.32 million students studying in the UK, making up a considerable percentage of the population. In 2014-15 universities generated £95 billion in gross output for the UK economy and earned £34.7 billion total income in 2015-16. Universities are now a major factor in city planning, economic strategies and growth plans for a plethora of companies, and their economic value can’t be ignored. These incredible numbers have meant that universities, despite their best efforts, have been unable to provide beds for every student that decides to study in Britain.

The demand for student accommodation has been so great that the private sector has increasingly been playing a pivotal role in providing student housing. With such impressive numbers and international attention, the industry has had to adapt to be able to provide the first-class luxury accommodation students are looking for.

The levels of luxury expected from students in the UK may seem excessive, chandeliers, photo booths and games consoles included, but there is a real demand for properties that offer students a unique and comfortable experience. Students now expect to leave university with a mountain of debt, so extra spending on beautiful accommodation isn’t as daunting as it may appear.

Hotel style suites with a private kitchen, shower room and front door allow students a greater level of privacy than students have been accustomed to, fridge fighting and broken bathroom locks are a thing of the past here. Work rooms, on-site cinemas, floor to ceiling windows and art on the walls all contribute to a luxury experience that would be unrecognizable to students twenty years ago.

Hamilton Hub, a recent student accommodation development on the Wirral in Merseyside is a prime example of the new levels of luxury in student accommodation. RW Invest’s luxury development is perfect for the new generation of students who are looking for a little extra.

With 142 studios and 58 en-suite pods, tenants are treated to premium facilities like an on-site gym, communal lounge complete with snooker table and sofas and a landscaped secret garden that wouldn’t be out of place at Chelsea flower show. Luxury furniture, minimalistic modern décor and an all-inclusive pricing strategy that includes bills as well as rent shows just how far student accommodation has come.

Luxury student accommodation is also providing lucrative opportunities for savvy investors who have recognized this dramatic shift in the market. The rental rates of purpose built student accommodation have increased 80% in the last 10 years and with yields of 8% and higher, the return on investment for a luxury student accommodation property are an attractive prospect for prospective investors.


Dorm Life: Why Moving out for College Is Worth Saving For

Posted on Dec 10, 2018 with No comments

Dec 10, 2018

Paying for college requires strategic planning and significant saving efforts in many cases. Many people who save for college often research tuition costs and plan ahead for meal plans, books and other related expenses.

However, they usually fail to consider the actual costs associated with moving out of the house and into a dorm. With a closer look, you will see why you should financially prepare for this aspect of your college experience.

The Need for Professional Movers

Moving out and getting settled into a dorm can be stressful on many levels. Many students may be moving into the dorm at the same time. Parking is inevitably a concern, and you may need to park a long distance from the dorm and haul all of your items into your room while maneuvering through crowded sidewalks, up narrow staircases and through busy hallways.

By hiring professional movers, you can decrease the stress and fatigue associated with this process. You may also complete the task faster and protect your items in the process.

The Cost of Moving

You can see that hiring a moving company to facilitate your move into a dorm is essential. The cost of moving services will vary based on numerous factors, such as distance, how close the movers can park, how many items you are moving into the dorm and more. In addition to moving expenses, there are also expenses associated boxes, packing supplies and more.

The Need to Move Frequently

Keep in mind that college students do not remain in the same dorm room throughout their college experience. Commonly, college students remain in the same room for the fall and spring semesters, and they may relocate back home for the summer. By doing so, they will need to move all of their items back home, and they will need to relocate once again to a new dorm room in the fall.

Even if a student plans to remain on campus during the summer, they may be forced to relocate to a different dorm room during the summer semester. You can see that this expense may be repeated at least twice a year throughout the student’s college years.

By planning and saving for college expenses, you understandably are hoping to decrease financial stress during these years. In order to accomplish this goal, it is necessary to account for all expenses as much as possible. Moving expenses are easy to overlook, but you can see that they can add up to a sizable amount from year to year and should be budgeted for.


Why Your College Student Needs Both Budget and Credit Education

Posted on Dec 9, 2018 with No comments

Dec 9, 2018

Teenagers rarely receive solid financial education in public high schools, so this responsibility falls on parents to complete. Unfortunately, some teenagers venture out on their own with little understanding about budgeting, the importance of saving, how credit works and more.

While learning the ropes of personal financial management is one option, this can be a stressful and potentially detrimental road for your children to walk down. As your teenager prepares to leave home and head off to college, consider these important reasons why you should provide effective financial management lessons to your teenager.

Living within Your Means

For most teenagers, living on their own in college is their first experience with living within their means and determining how their funds will be spent. This may be funds from a part-time job, from student loans or from other sources.

Without basic knowledge about budgeting and how to live within their means, many college students will face extreme stress. They may turn to you repeatedly for extra cash to pay bills because they have carelessly spent their money from month to month. An alternative is that they may charge up credit cards and bury themselves in debt.

Avoiding Debt

College students often receive multiple credit card offers. They may view credit cards as an excellent way to pay for luxuries and experiences now and to worry about paying for those things at a later date. This unfortunately can lead to high credit card debt balances spread over several accounts by their graduation date.

This credit card debt may be combined with student loans and a car loan to create intense financial stress. It’s also worth mentioning that, in the digital age, it’s easy for lenders to find up to 96% accurate financial risk analysis to base their decisions on. When teens understand how to use credit responsibly, they may take on much less debt during their college years and protect their future.

Building Credit

While debt from credit cards can be detrimental, it also can be advantageous when managed responsibly. Mortgage companies, apartment rental companies, utilities companies and others often complete a credit risk analysis on new applicants to determine their creditworthiness.

College students who use a single credit card responsibly to build a positive credit history may be at a strategic advantage after graduating than many of their peers. This means if they plan on something like starting a business, a good report from and similar agencies can help them get the money they need.

Personal financial management is unfortunately not something that comes naturally to many young adults. The concepts of budgeting, building credit, managing debt and more can be confusing. As a parent of a teenager who will soon be leaving the house, consider spending the next few months providing your child with a sound financial education and preparing your child for smart money management decisions going forward.


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