Schools are magnets for businesses. Wherever you find these educational institutions, you are likely to see stores catering to every need of the students. These include everything from photocopying services to cheap restaurants. There are also likely to be several boarding houses for long-term living arrangements. After all, most college students live far away and need rentals as they complete their degrees. Developing rental properties can thus become lucrative if you can find great locations at fair prices. Once you have the land, proceed to boarding house design and construction. Be sure to consider the following:
Follow all of the safety guidelines in the local building code. If you deviate from these, then you may not be allowed to build or operate. Do not use substandard materials just to save a few bucks. This might cost you more in the end when you deal with accidents and lawsuits. Talk to an engineer or an architect to plan every detail. Set up fire exits on every floor whatever the recommendation might be. Always err on the safe side. Highlight your measures as features to convince prospective boarders to pick you over other places.
Students are there mainly to study. They need a home that will allow them to enjoy peace and quiet as they review for important exams. Make sure that they can have the privacy that they need to focus on their personal activities. You can add common areas where they can socialize but their rooms must feel like sanctuaries. The walls should be thick enough to prevent noise from leaking in. There must also be rules imposed to prevent individuals from bothering their neighbors.
Space is usually at a premium given the price of real estate. Most units are likely to be small but there should still be ample of room for the essentials like the bed, the storage areas, the study table, and the bathroom. Given the size of these dwellings, designers should do their best to let in natural light with large windows whenever possible. These also allow natural breeze to get inside the rooms. Balconies are also popular. They can justify a higher rental rate because of the demand and utility. Renters can always step outside if they need fresh air.
Boarding house design and construction is a challenging but rewarding part of real estate development. Consult experts in the field for best results.