What to think about when weighing up student accommodation at Maties
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.