Gainesville apartments are a great example of why renting and flipping an apartment in a college town is a great investment. With every year of college acceptances, the University of Florida always draws in new incoming residents who looking to lease an apartment. UF’s campus cannot house all 50,000 students within its residence halls, which is why student apartments are always in high demand.
Once a resident graduates or ends their lease, it is highly likely they refer a peer or friend to the apartment. If not, the need for a place to live never dissipates and as a result, requires very little marketing efforts needed. The culture and nightlife surrounding a college town enhances the quality of living as well, and is a major factor to retain residents. With a strong sense of connectedness and community in a college town, property owners can focus less on advertising and saves money.
Also, as the quality of living is increasing, thanks to the sense of luxury that millennials crave, rent is always steady if not also increasing. This is especially true if investors take the time to craft a luxury property filled with quality amenities. Some popular features can include raised breakfast bars, master bedroom suites, gourmet kitchens, interior courtyards with cascading fountains, and more.
Take your time to research whether or not investing in a college town is right for you.