What to think about when weigh­ing up stu­dent ac­com­mo­da­tion at Maties

Weekend Argus (Saturday Edition) - - PROPERTY -

WITH MA­TRIC ex­ams out of t he way and many school­leavers look­ing for­ward to a few years of stu­dent life, many par­ents have im­por­tant ac­com­mo­da­tion op­tions to con­sider, says Se­eff Stel­len­bosch li­censee Dawie Scholtz.

In ad­di­tion to its pop­u­lar­ity as a winelands desti­na­tion, Stel­len­bosch is re­garded as one of the coun­try’s top stu­dent towns. The univer­sity has one of the high­est numbers of lo­cal and for­eign post­grad­u­ate stu­dents.

An­nu­ally stu­dents f rom across the coun­try clam­our for a place at the univer­sity and although it has a num­ber of top res­i­dences, they pro­vides for only a lim­ited num­ber of stu­dents.

“Many stu­dents pre­fer to live off-cam­pus or in sec­tional ti­tle units with more pri­vacy than the res­i­dences. In re­cent years, as­tute par­ents have r e al i s e d t hat r at her t han merely pay­ing rent for their chil­dren’s ac­com­mo­da­tion, they can in­vest in as­sets that can yield good rental re­turns given the de­mand for ac­com­mo­da­tion in the town,” says Scholtz.

“This is an es­pe­cially vi­able op­tion where there is more than one child who plans to head to this pop­u­lar univer­sity. The de­ci­sion whether to rent or buy is one that many par­ents need to con­sider at this time of the year.”

Prop­erty op­tions range from shared stu­dent houses and flats to some of the lat­est de­vel­op­ments, where t he stu­dents share fa­cil­i­ties. Lo­ca­tion is an i mpor­tant c on­sid­er­a­tion. An­other is whether to live alone or to share. There are good and bad ar­eas where poor be­hav­iour and crime are ram­pant and where stu­dent ac­com­mo­da­tion blocks are not well main­tained, he says.

“Es­pe­cially for new­com­ers un­fa­mil­iar with the ar­eas and ac­com­mo­da­tion styles on of­fer, as­sis­tance from skilled rental and sales agents in the town is crit­i­cal right from the early re­search phase through to mak- ing the fi­nal de­ci­sion.

“The lo­ca­tion and choice of ac­com­mo­da­tion af­fects the prices. Rentals range f rom R3 000 for a stu­dio to R9 000 for a two-bed­room apart­ment and houses can be rented from about R10 000. It’s in­ter­est­ing that many par­ents pre­fer to buy flats as they can im­prove the se­cu­rity in the ac­com­mo­da­tion. Prices range be­tween R600 000 and R2 mil­lion for apart­ments, de­pend­ing on the dis­tance from cam­pus and the fea­tures of the spe­cific block.

“Any­one who in­vests in a house or apart­ment in the town will have an as­set that will al­ways be in de­mand. In ad­di­tion to de­mand from stu­dents year-round, the univer­sity is also pop­u­lar for in­ter­na­tional sport­ing groups who train here dur­ing the Euro­pean win­ter sea­son. Fes­ti­vals present fur­ther op­por­tu­ni­ties… and there is al­ways a de­mand for good qual­ity ac­com­mo­da­tion on short-term rentals.”

Call Dawie Scholtz on 082 824 2975 or visit www.se­eff.com.

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