Working women's hostel Vs Rented flats


People in big cities usually find it very beneficial to rent out their flats to the many students in need. These flats are rented out according to the rates that that are prevailing in the market at the given time. Also, in accordance to the rent agreement that the landlord and the tenant decide upon, stated every year, the rent could increase but the given per cent, against the market norm of ten per cent.

The favorable positioning of a hostel or a rented flat can become a very good source of income for the landlord
People who rent out flats to the students and the working women out there cannot ask the tenants for a very high rent. This is because a student has to pay the rent besides looking after his educational needs and a working woman has to support her home and other needs too. Many a times it so happens that the building is given out for the purpose of accommodation as a paying guest-accommodation-cum-hostel. In such a case, the building serves as a shelter to many people, somewhat around five to seven people. In other words, the apartment then serves the role as a serviced apartment. By this way, the landlord can earn higher rent. However, they cannot give an unfurnished house on rent in these cases. They will have to have some basic facilities in place and maintain the flat.
The topic of a high rent kept aside, letting out a property as a hostel or a serviced apartment comes at a cost, in terms of both money and time.
 A building in the heart of  a well facilitated area is always favored over  other areas.
The best locations for any working women'shostel or a rented flat is always the area that has all social facilities available within a short distance. These social facilities include a well maintained bus or metro route, a market place, banks and ATM, a hospital, some eateries and some recreational spots. The chief  business district areas, the peripheral business district areas and the information technology central regions in cities have such a type of environment. Therefore, they are the most preferred places when it comes to to matter of choosing a working women'shostel or a rented flat. This is  true for all sorts of hostel accommodation, which cater to working professionals as well. If hostels are meant for students, proximity to colleges and training institutes is of utmost importance.

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