- Welcome Guest |
- Publish Article |
- Blog |
- Login
I often meet people who are raising hue and cry for the failure of their Student Accommodation Investment Leicester or somewhere else. The phenomenon is more common with those who invest their money without any expert’s assistance.
Obviously, I try to recover most of their money by reselling the property but I have decided to write down the reasons for failure of Student Accommodation Investment Leicester. These are the main reasons for failure of your investment.
No Planning Involved:
There was no plan behind purchasing that property. You purchased this property just because it had nice glittering floors and luxurious baths.
But you did not notice that this place was a far cry from market, playgrounds and every other thing that students look for.
It Needs More Money to Convert it into Student Accommodation:
The construction style of this property is very appropriate for a small hospital or dance club but it needs lots of more money to convert it into a managed student accommodation facility.
You Have Purchased A Property Higher Than Market Rate:
You were deeply impressed by a tongue clicking lady sales agent. Her brilliant presentation provoked you for a blindfolded jump into the Student Accommodation Investment Leicester.
The fact is you have paid more than the market rate. Obviously, no student will pay you that much money for a property that is more suitably constructed for a dance party.
No Public Transport Access:
Easily accessible public transport is the most important factor that you should keep in mind before any student accommodation investment Leicester.
As common sense indicates, every student has to attend his college or university daily and sometimes more than once a day. A property that has no public transport access will never get student’s attention even if it is located in the most posh area.
Location Is Too Far From Any University or College:
It takes at least 50 minutes to reach there (even on your own car) from the nearest college. Why any student would spend his money for such a place.
What to Do Now?
I don’t blame you but the fact is Your Student Accommodation Investment Leicester is a complete failure. It was your responsibility to contact/hire a professional instead of being trapped by an ordinary sales agent.
The most important point to remember before any Student Accommodation Investment Leicester is, you should go to a company that has good reputation and make sure your consultant knows how much money you have and what your expectations from that investment are. Moreover he should have the basic ideology and the theme of your investments that how long you are keen to get benefit from the property.
Article Views: 789 Report this Article