A college town or university town is a community that’s mostly dominated by student population. Schools and universities surround a college town. This is where academics, students, and faculties live. College towns have their own distinct culture that cater to the need of the academe.
Aside from an abundance of rental establishments to choose from, people who wish to rent and invest can enjoy many benefits. Below are some reasons why renting a place and investing in a college town is worth the shot.
For renters…
- Accessibility – Everything is accessible in a college town. If there are schools around the area, expect restaurants, shops, and malls to come around. Transportation is also very cheap and common.
- Tons of rent options – There are various rental options located in college towns. You won’t have a hard time choosing for a place that will fit your lifestyle.
- Abundance in the country – College towns are all over the Philippines and all the renter has to do is to choose from the wide pool of locations. Baguio, Dumaguete, Quezon City – these are just examples of amazing college towns in the Philippines.
For investors…
- Large tenant pool – Those who wish to start a business in a college town are in for a treat. The number of renters will never go down because there are always students and faculty who would need a place to stay in.
- Enticing – College towns are easier to market than other communities. It provides a unique living culture that any hip renter or home buyer couldn’t resist. Investors won’t have a hard time having their place known to many.
- Low number of vacancies – Investors and landlords won’t have a hard time finding the next occupant of their property. College towns are known for having a low number of vacancies thanks to the endless supply of potential renters.
- Increase in value – Investors can also enjoy the increase in value of their properties thanks to the continuous development of college towns. As commercial and industrial establishments are built in the area, the higher the increase could be.
Should you invest in a college town? Share your thoughts on the comments down below!
Image source: http://www.persquare.com.ph/for-rent/condominium-ncr-metro-manila-quezon-city/for-rent-1-br-condo-eastwood-park-residences_74689 – VERZAPRO