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Components which have an effect on the cost of student accommodation by Zora Ahmed

Article Author Biography
Components which have an effect on the cost of student accommodation by
Article Posted: 08/22/2012
Article Views: 361
Articles Written: 23
Word Count: 630
Article Votes: 0
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Components which have an effect on the cost of student accommodation

Education,Real Estate,UK Property Investment
When that challenging yet stimulating time comes around that you are about to leave your parents for the first time and go off into the intimidating world by yourself for University, there are many various decisions you have to make. You are required to pick the University you would like to go to, you need to pick out the course you wish to take and obviously you need to pick where you are going to be living for the next 3 or 4 years. Components such as location, accommodation type, size, number of people living there etc. all have an impact on the cost of your accommodation. Please continue reading to discover how these different elements impact the cost of your student accommodation.

The type of accommodation is most likely one of the major elements that will influence the price you will be charged for your property. In your first year, in all likelihood, you will be staying in halls of residence. Having said that, after the first year your doors are open to wherever you want to stay. There is the option of private renting, which will mean you are required to organise everything yourself with the landlord. The money and paperwork side of things when looking at private renting has been acknowledged to be somewhat baffling, and you are expected to comply with certain rules and expectations from the landlord. Then there is the choice of private halls, which are starting to be more and more popular nowadays. Private halls are typically laid out similar to halls of residence but are privately owned, hence the name “private halls”. You also find outstanding quality accommodation in this type of property, and the price you pay every month incorporates everything such as bills, upkeep, cleaning of public areas etc. Comparing private halls with private renting, you can see a major difference in the way that private renting consists of you sorting out bills and maintenance, but with private halls this is all the accountability of the owner. Then of course there is the alternative to stay at home and keep on living with your parents, which is as you can imagine the cheapest solution!

The following factor which has an effect on how much your accommodation will cost is the location of the property. You may come across the most suitable flat with everything you need, but do you really want to be travelling over an hour daily to get to University? Undoubtedly, property owners charge more for accommodation that is closer to the city centre and to the University, but in the long haul you could be saving money that you would spend on public transport getting to University.

Then there is the aspect of living with other people, as this will share the costs between you. Specifically in private rented properties, living with other people can significantly cut the costs you are paying out on rent, bills etc. However, with private halls this isn't a problem as there will always be that set price.

Without a doubt, there is then the quality of the accommodation you pick. Greater quality properties with contemporary furniture and kitchens will clearly cost more than older, less modern properties. It all is dependent upon your tastes, if you can live happily in a older, less modern home then you will probably save more money than people who would like to live in a high quality property.

The cost of your student accommodation all depends upon what type of property you prefer. Ideally after reading through the elements which have an impression on the cost of student accommodation, you will now have a fine idea as to what costs more and what costs less in the property industry for Sheffield student accommodation.

Related Articles - Sheffield student accommodation, Sheffield, student, accommodation,

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