Educational institutes are places that can benefit a lot of businesses to grow in Singapore, as in other countries. One such field is investing in condos nearby. Students come from afar to universities, and everyone wants to stay close to the institution. This way, coming to study will not be a hassle every day. Thus there are a huge number of people who rent out condominiums to students and buy properties near the institutions to earn more profits in a shorter time span.
High net worth investors are becoming more interested in student housing. Some are buying developed apartment and townhouse complexes targeted. While others are investing in trusts that own student housing or in a new condo launch in Singapore. They are benefiting either way.
Let us see what are the benefits of investing in condos near educational institutes.
Benefits of Investing In Condos Near Educational Institutes
1. Get higher returns
Property purchasers frequently seek condos near schools, particularly those with a good reputation. Many people are even ready to spend a higher price on it. It is found that most investors pay up to 10 percent more than the budget to get a place near an educational institute. Being close to a good school can enhance the value of your home, which is important for anyone planning to sell soon.
If you own a condo, and it is near an educational institution, then the chances of it being sold doubles with the location. Since it will be having a constant demand thus, selling or renting will be much easier than you could think.
2. Affordable compared to others
Neighborhoods near educational institutes and universities, particularly have a lower cost of living than other nearby places. This is primarily since many properties are rented to students who are enrolled in universities or other educational institutions but do not have sufficient funds.
Homebuyers may find that a house near educational institutes is cheaper than a comparable house in a different community.
3. Timesaving and safer neighborhood
You will save a lot of time while living closer to an educational institution rather than sitting in traffic and avoiding commutes. School catchment regions and zones closer to schools and colleges are moreover, more actively monitored, making the community a safer place to live.
4. Part-time neighbors
If noisy neighbors are a concern, then property buyers will no longer have to worry about the noise of school for more than 180 days of the year. In the times of vacations and the summer, the school will be vacant, and the area around the school or college will be quiet for the most part during the afternoon hours, so staying near a school is a fantastic alternative for those who prefer not to have neighbors for half of the year.
Also read: 5 Reasons Why Singapore’s Education System is More Successful Than Any Other Nation in The World
5. Find a playground nearby
Nearby educational institutions frequently feature a playground that is open to the public. After school, there is no need to load everyone into the car for a trip to the local park. Parents will like having a playground close to their homes. Depending on the age of the children, it may be safe to allow them to go out to play alone, which can help students develop independence.
There may be potential in the future, if the school does not have a playground close to the property.
6. Post-college benefits
If you are a student studying in a university while living close to it in a condo, then you must be thinking about what you should do after graduating college. If you bought the house. You or your parents can earn regular profits by renting the condo to some other student or can be beneficial in serving as a fresh grad’s dwelling when you get a job.
Later, whenever it is time, you can always move back in case of moving out from the parents’ place to start adult life, the condo will always be the best place to start over.
7. Student-friendly amenities
A condo provides various services and conveniences that a college student can take advantage of. Many developments such as an upcoming condo launch cater to student tenants. Study rooms with Wi-Fi or 5G connectivity, business lounges. In addition, other spaces such as improved housing with digital touch where students can carry out their responsibilities are becoming more widespread in today’s time. To know how to get a cheap condo, check here.
8. Walking distance
Students who live near a school or university can walk to school instead of relying on buses, other modes of transportation, or a ride from their parents. This might save parents money on transportation, and free them up from having to drive their children to and from school.
9. Convenience
When you reside in a condo apartment near your university, you are right in the middle of the academic community. In this situation, you can go to the library whenever you choose. On the same note, getting to other destinations in a short amount of time will be a little bit easier.
Bottom Line
It is always about the location. Location is everything. Buying a property within a school catchment area may be a huge bonus, particularly when it comes to selling, as long as your property is the correct type in a wonderful position close to vital amenities and facilities. To know about the best condos in town, check here.
Also read: Making an Insurance Claim for a Single Family Home vs Condo
