According to StuRents, between 30% and 44% of students now prefer purpose-built student accommodation (PBSAs) rather than traditional houses of multiple occupation (HMOs). While HMOs are still edging out these PBSAs, the growing popularity of purpose-built units means that these are likely to become the norm in the next few years.
In this blog, Opago has explored why purpose-built accommodation holds such an attraction with students and how developers can continue to thrive with this model.
Convenience and Amenities
PBSAs are designed specifically to cater to the needs of students. They often offer a range of amenities such as fully furnished rooms, communal spaces, study areas, on-site laundry facilities, gyms, and social areas. These conveniences can make student life more comfortable and convenient, saving time and effort.
Modern Facilities
Purpose-built student accommodations are usually equipped with modern facilities and infrastructure. They often include high-speed internet connections, efficient heating systems, secure access, and other technological features that enhance the overall living experience. In contrast, HMOs may vary in terms of quality and may lack these modern amenities.
Social Opportunities
The close-knit nature of PBSAs means that they often foster a sense of community among students. They provide opportunities to interact and engage with fellow students through organized events, communal spaces, and social activities. Living in this type of unit can facilitate networking, collaboration, and the formation of lifelong friendships.
Safety and Security
Typically, these new, purpose-built units offer heightened security for students. They often have secure entry systems, CCTV cameras, and 24/7 staff or security personnel on-site. These measures can provide peace of mind to both students and their parents, knowing that there are dedicated resources to ensure a secure living environment.
Financial Considerations
While PBSAs can sometimes be more expensive than HMOs, they often provide a comprehensive rental package that includes bills, internet, and other utilities. This can simplify your budgeting process, as you won't have to manage multiple individual bills. Additionally, PBSAs may offer flexible rental contracts, allowing you to rent for shorter durations, which can be beneficial if you're unsure about your long-term plans.
How Can Opago Help?
As you can see, the benefits of PBSA is that it offers a high-quality, all-in-one package that fulfils students’ needs. At Opago, we work with developers and block managers to ensure that these high standards are upheld.
Our maintenance and compliance services ensure that amenities are readily available, that facilities work as they should, and that all repairs are carried out to the highest standards. Our operatives cover a range of areas, from standard housekeeping and small maintenance tasks to end-of-tenancy works and large-scale requirements.
Opago’s business model is geared towards increasing your yield, and this extends to student accommodation, too. Even in a tricky marketplace, Opago’s solutions help you to scale your operations and grow your organisation at a rapid pace. We’re specialists in increasing guest satisfaction, as shown at Blueground, and we’re sustainability champions, as seen with Urban Rest.
Find out more about how we can champion you and your brand by setting up a meeting today.
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