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Supported living investment: What is it and why should I invest?

Supported living investment: What is it and why should I invest?

The supported living investment market is one of the fastest-growing avenues within the UK property market. As demand for supported living soars in the UK, these types of properties are being rented at a premium, but despite this, many investors are still unaware of what it really entails.

With this in mind, we’re going to break down what supported living is, how supported living investment works, and why investors should be considering this booming asset class.

What is a supported living property?

Supported living refers to a residential service in which individuals who suffer from things like disabilities or mental health issues are given the opportunity to live as independently as possible in their own homes.

When needed, those in supported living properties are provided with the necessary care and support needed to help them manage their day-to-day lives. This support varies massively on a case-by-case basis, ranging from things such as standard household tasks to medication management and even social activities in some cases.

The goal of supported living is to promote and enable independence for those within the system, whilst also ensuring they have the support and guidance to enable to live safely and successfully in the community.

What is supported living investment?

Supported living investment is the act of purchasing a property that is used specifically for the purpose of renting it out to individuals who require supported living services. These kinds of properties are typically modified to meet the needs of the tenants, including additional aspects such as wheelchair ramps, disabled-friendly bathrooms and extra safety systems.

The tenants in a supported living property typically receive support services from a provider who is responsible for their care and ensures that their needs are met, whilst also maintaining the property itself and dealing with any issues or damages. The provider may be a government agency, a nonprofit organization, or a private company that specialises in providing supported living services. As a result, supported living investment is a very hands-free investment.

What are the benefits of investing in supported living?

Here are some key points to consider:

Growing demand: With the increasing need for affordable housing options for people with disabilities and/or mental health issues, there is a growing demand for supported living facilities. This trend is expected to continue in the coming years, making supported living investment an extremely lucrative and reliable opportunity.

Guaranteed income: Supported living apartments can provide a guaranteed source of income, more often than not through government-funded programs. These programs often provide long-term leases and stable rental income that can even feature increases based on inflation, making supported living apartments an attractive investment option.

Social responsibility: Investing in supported living apartments is not just financially rewarding, but also socially responsible. It provides a safe and secure home for people with disabilities, helping them to live independently and improve their quality of life.

Overall, investing in supported living apartments can be a profitable and socially responsible investment option, with the potential for stable income for the long term.

Invest with Knight Knox

Here at Knight Knox, we have a wealth of experience in the UK property market, with a proven track record when it comes to supported living investment.

Find out more about investing in supported living with Knight Knox here, and take a look at our latest opportunities today!