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Having imperative amenities is one of the reasons why students sign and renew their lease. Although things changed a bit following the Coronavirus pandemic, students will continue to look for apartments with the best amenities. But how do you know the indispensable amenities to have in your property?
In this article, you will find the must-have amenities students want and how these amenities can help you retain tenants.
An Overview of Apartment Amenities
Apartment amenities are luxury features and services given to tenants. The common amenities include pools, gyms, playgrounds, parking garages, dog parks, and laundry rooms. These amenities can be free for occupants, or the property owner can charge an amenity fee. For instance, the arch fort wayne is a student living area in Fort Wayne where students have access to the best amenities.
Amenities will set your apartment apart, and this allows you to charge more than what others are charging. It’s worth noting that amenities are different, and some are more treasured to students than others.
When determining the amenities to incorporate in your property, you must consider the target students’ preferences and behaviors. Amenities that enhance your apartment experience are key to attracting and retaining new residents.
Why Apartment Amenities are Crucial in Retaining Students
It’s well-known that millennials are not buying homes, which means most opt to rent. The high number of prospective renters is a blessing for apartment owners hoping to rent their properties fast. But how can you prevent occupants from vacating within a year of moving in? Well, fitting amenities can help.
Best Apartment Amenities for Students
Property managers’ capability to offer desired amenities guarantees a high occupant retention rate. So, what are the must-have apartment amenities that will lure students?
Honestly speaking, safe, practical, and modern amenities attract students the most. Students want to live in a connected and smart environment.
Steady Internet Access
Students might have an incredible data plan on their phones. However, they don’t want to depend on it when checking emails, attending online classes, submitting assignments, playing online games, or watching their favorite online TV shows. A student apartment that includes stable internet access attracts plenty of students.
Also, due to the prevailing Covid-19 pandemic, most schools have introduced e-learning. Thus, students will require steadfast internet access to submit their projects and attend online classes.
A Serene Study Room
The presence of a calm study area in an apartment is vital as it helps students get to work. It is sensible to have a fully furnished area for various reasons. First, it eliminates the time and money spent by students searching for furniture to fill the room.
Second, students don’t have to move furniture in and out when going for breaks. Doing this makes students pick your apartment over others.
Laundry Facilities
Laundry is not one of the best chores, but having seamless access to a washer and dryer makes this task enjoyable.
Consider having on-site laundry or even a washer and dryer in your apartment. Instead of students visiting a local laundromat, they want to have one inside the premises for convenience purposes.
Fitness Center
College life can be demanding, and students want a place to relieve the burden. For instance, a student may have to turn in a 20-page paper in four days or prepare for a midterm exam in a short period.
With such stress factors, students always look for apartments with amenities that help them blow off the pressure. Amenities that come in handy in such situations include fitness gyms, racquetball, and basketball courts.
Parking Lot
The lack of expansive parking spaces in most colleges means most students don’t use their cars to get to school. In such a case, they want to ensure their apartment has a secure parking space reserved for them or a large parking garage.
Final Words
The sooner apartment owners incorporate amenities in buildings, the sooner they reduce vacant rooms, surpass the competition, and boost occupant retention rates.
Given the high rate of technological improvements, developers and apartment managers who fail to incorporate modern amenities into their properties will have a hard time attracting tenants.
