Example of before and after renovation

This property is located in the heart of the city, within a couple of minutes walk from all major public transportation lines, making it extremely easily accessible to the various universities spread across the city.

Original layout:

The original layout of the property when purchased was one bedroom + one living room + one bathroom + separate kitchen

Remodelling the property:

The property was remodelled and divided into a two bedroom apartment + two full bathrooms + a spacious living room with an open style kitchen.  The property was rented out within 48 hours of completing the construction works

Renovation costs:

The refurbishment requirements in this property were minimal, as the level of renovation works on "student apartments" doesn't require major reconstruction or the usage of high-end material. The process included: planning how to maximise the potential of the property by opening another bedroom as well as a second bathroom at the lowest cost, removal/building of inner walls, connecting new pipes to the new bathroom while using the existing electrical infrastructure for the new opened-kitchen in order to reduce the renovation costs.

The total cost of renovating the property, including planning, electrical and water works, reconstruction, remodelling, and complimentary furnishing: 23.000 euro

With more than 20 universities in Budapest, the Hungarian capital is a hub for international students from all around the world, with tens of thousands arriving to the city every year. This makes buying a flat in Budapest and renting it to students a very popular real-estate investment venture. Alternately - many students opt to buy an apartment in Budapest, use it for the duration of their studies, which usually lasts 5-6 years, and then sell it after finishing their degree at a profit

ℹ️ Important attributes to consider when refurbishing a property and making it suitable for students:

✔ Since many students opt to flat share, it's an advantage to have 2 separate bathrooms in the flat if possible

✔ Make sure all rooms have separate entrances for increased privacy

✔ Quiet enviroument - double glazed windows to reduce noise

✔ Avoid electrical heating when possible and use a circulating gas system when possible to reduce utility costs

✔ Divide the bedrooms to be equally sized when possible

✔ Include sufficient space for a studying in each bedroom

✔ Plan lighting (whether natural or artificial) properly