20pounds:
I have always thought in investing in this direction. The disadvantages are greater than building living apartments for the working class;


1. Wear and tear will happen faster on this type of building than others. This is because of the type of tenants. They might draw on and disfigure your walls and facilities.

2. They are always behind in their rent and know how to avoid the landlord or Court processes.

veron007:


20pounds I agree with you my main concern with investing in student accommodation is collecting the rent. The thought of leaving my day job to go and case students + cult member around is not appealing . The only thing I can think of is to build high end self contained apartments and rent it only to ladies. What do you guys think?

20pounds:




Nobody pay rent pass single ladies. Try it and you won't regret. Build high end self-contains for them with large bedroom, kitchen and bathroom. If you do this, you won't regret.

Just a little secret that has kept me on my feet as an estate developer. ( Don't share )

segzy14:
[b]INTRODUCTION
One of the ways of making money in real estate in Nigeria is by building student hostels. Nigeria, with an estimated population of 170 million, has the largest population in Africa and still counting.
The educational sector has been consistently underfunded and the infrastructural deficit is alarming. Apart from the lack of adequate, quality and modern equipments, books and sufficient number of qualified manpower, there is also lack of adequate infrastructures such as student hostels in most of our higher institutions. Only few higher institutions, both public and private, can boast of sufficient accommodation for all the students willing to live on
campus. This gap has created opportunities that have made some investors rich.
In another vein, this short fall in the provision of student
accommodation by higher institutions of learning is not peculiar to Nigeria. Almost in all nations, there is always the choice to live on campus or to secure private hostel accommodations. The student rental market is thus an international opportunity. The reason being that provision of student housing is not seen as a core business of educational institutions compared to other pressing
needs such as research centres, lecture halls, creating new
departments and provision of libraries. Tactically, by providing few hostel accommodations such institutions have ‘outsourced’ their accommodation to private investors like you who can turn it into a cash flow machine.[/b]

aariwa:
47 ROOMS HOSTEL SELF CONTAINED FENCED WITH GATE AND WATER FACILITIES IS FOR SALE AT UNIZIK PERMANENT SITE AWKA.CONTACT THE ATTORNEY IN CHARGE ON 08037747972.

segzy14:


10rooms apartment should cost you 3.5-5million all depending on the location.
You can shoot me a mail for more information.
email:info@saeltd.com.ng, s.ajose@saeltd.com.ng and samuelajoseengineers@gmail.com

Regards,
Samuel

drsalaks:
Are you sure 3.5 -5 million will build 10 room hostels. What type might that be, face me i face you? or what model? And in what part of Nigeria could that possibly be?.
I have invested in similar projects for Unilorin Students and planning more, so am very interested if you can really deliver on the kind of prices you are quoting. I mean, land alone close to most schools could cost close to that!

veron007:


20pounds I agree with you my main concern with investing in student accommodation is collecting the rent. The thought of leaving my day job to go and case students + cult member around is not appealing . The only thing I can think of is to build high end self contained apartments and rent it only to ladies. What do you guys think?

segzy14:
“We always work thinking of all of you, and on such a special season we have you in our hearts. A merry Christmas to all our clients.”

MrMcJay:



Very true. In Obafemi Awolowo University, there is a BOT arrangement between some private developers and the school management to build student hostels. I tell you, not a single room has been built for male students. All the rooms in the various complexes are for female students.

This is so profitable that even the Anglican diocese of Ife had to invest in this by building a female students hostel complex. 60K per bed (as at 2012), 2 beds in a room, about 30 rooms in all. There are about 8 different hostels with the least charging 100k per room.

The irony of everything is that most of these hostels are fully subscribed to before even completion.

Information is money o!

dukeagape:
That'S true, an average price of a room in my school (lautech) is 50k and there are hostels like 115k also, each hostel has about 20rooms and there is one with 124 rooms at d price of 70k