Looking to rent a hostel in Karachi? Here is what you should know.
Why rent a hostel in Karachi?
Being the largest city of Pakistan, Karachi has the finest universities offering courses and professional degrees. These universities and educational institutions attract students from all over the world. Some of the best educational institutions of Karachi include Aga Khan University, Institute of Business Administration (IBA), University of Karachi, and Liaquat University of Medical and Health Sciences. Every year, thousands of students flock to the city for quality education. These students require hostels for rent in Karachi. Subsequently, if you rent a hostel in proximity to any educational institute, it is a potential goldmine.
Renting a property near an educational institution is not a hassle, it is actually a blessing in disguise. Hostels are a massive source of rental yield and allow stress-free earning opportunities. Setting up a hostel may involve a hefty amount of investment, but its return on investment (ROI) is highly fruitful. Moreover, hostels for rent in Karachi not only attracts students but also working individuals looking for low-cost and affordable accommodations. Renting a hostel in Karachi is a good choice as these accommodations mostly come with complete facilities like Wi-Fi, security, back-up power, and food — to facilitate the residents. Henceforth, there is always a demand for hostels for rent in Karachi.
What are the types of hostels available for rent in Karachi?
Karachi real estate market has a lot to offer in terms of property types and varying sizes. People having properties located in proximity to educational institutions have already converted their homes into a hostel to benefit from great amounts of rental yields. These private hostels offer facilities similar to (or in some cases even better than) those offered at universities with in-house accommodations. When searching for a hostel for rent in Karachi, it is important to inspect the facilities that come attached to it. You can find different types of hostels in Karachi which are readily available for rent. These include 1-bed & 2-bed options, and 5 Marla & 10 Marla (single rooms) to an entire portion.
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Types of Hostels for Rent in Karachi
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5 Marla
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10 Marla
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1-bed
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2-bed
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What is the rental price of hostels in Karachi?
If you are living on a budget and do not have a roommate to share the rental burden for a portion or a room, living in a hostel is the best option for you! Hostels in Karachi are charging approximately PKR 3,000 to PKR 10,000 per month — per person. Some of these hostels include utility and maintenance charges, while others charge them separately. The rental value for a hostel depends on its location, proximity to educational institutes, bus stops, and other facilities and amenities.
Pros and Cons of renting a hostel in Karachi
Karachi, the largest city of Pakistan, offers a lively and vibrant culture, with added diversity as people from different walks of life (from across the country) flock to the city in search of one thing or the other. Residing in Karachi is indeed a satisfying experience as it offers a quality lifestyle with high-standards of living, and state-of-the-art facilities and amenities. When looking for low-cost accommodation ,or accommodation on a budget, renting out a hostel is the best option for you to consider. However, living in a hostel means that your freedom is compromised as some hostels may have strict rules (curbing activities) and somewhat unreasonable curfew timings. However, hostels do come equipped with furniture and some household essentials — eliminating the extra cost of purchasing furniture and equipment needed for a comfortable day-to-day living.