To the uninitiated, a new modern rental house may seem like a foreign concept. It is almost like a student dorm. But then again, it isn’t. Let’s take a closer look at what a modern rental house is.
Pros of a dormitory
The advantage of student dorms is that people with similar lifestyles live in the house. Generally, they are students who have moved to a new city and, in addition to a warm place to live, get a nice community to spend time with. The same principle applies to rental houses with a co-living lifestyle. In addition to a cool place to live, sleep and cook, here you will find active, enthusiastic people to spend time and communicate with. Without even leaving the house!
In a rental house, the cross-section of the population is larger, and the horizons are wider
Unlike official dormitories, all people are welcome in a modern rental house – in addition to students, for example, professionals, bakers, drivers, IT experts, marketers, trainers, and world champions of acrobatics. In short – everyone is welcome, whom the house and the co-living lifestyle appeal. The advantage of such diversity is the fact that in the lounge, you can find that special person you have been waiting for – be it a business partner, best friend, or the love of your life.
Superpowers of a rental house
Unlike student dorms, many rental houses (especially co-living rental houses!) have common areas where you can spend time together, exercise, play table tennis, or watch a movie. For example, in Scandium Living’s Newton Studios, you can find a gym, a table tennis room, and a cinema room; Magma Studios also has a co-working area and a large outdoor area where you can exercise, play ball or apply your gardening fantasies.
If you feel like moving into a cool rental house right away, sign up for MAGMA Studios in Tallinn, which will be ready in April. This will be one awesome rental house with superpowers!
The rental brand Nestin Rent became Scandium Living and expands to 2,000 apartments.
Nestin Rent, the first administrator and developer of complete rental houses in Estonia and one of the largest rental portfolios, is now called Scandium Living. The company, which previously managed apartments and rental houses mainly owned by Scandium Kinnisvara, expanded its operations and now offers rent management services to other large property owners. Over the next three years, the portfolio is expected to expand to 2,000 rental apartments.
In 2021, Scandium Living’s portfolio, which specializes in resident-focused asset management, had 105 apartments in four different properties. The company’s goal is to increase the portfolio rapidly, taking over volumnious rental portfolios of real estate investors who are looking for increased profitability, personal approach and proper property management.
Ildiko Siimon, service manager at Scandium Living: “We have shown great results despite of Covid – the houses show high occupancy, excellent residents’ satisfaction and positive investor feedback. In 2021, we invested heavily in automation, team expansion and systems development, so we are ready to expand our portfolio significantly.”
The name change from Nestin Rent to Scandium Living was carried out with a clear vision. “Our goal is to grow into a well-known rental brand across Europe. As Scandium Kinnisvara AS, which belongs to the joint Scandium Group with us, is also actively looking outside Estonia and there is an active sharing of competencies between the teams, it is reasonable to take this step together, ”explained Siimon. “Thanks to Scandium Kinnisvara’s experience in developing excellent rental homes based on tenant feedback, we can also offer this competence to our rental investors – from finding suitable plots to offering rental construction management and asset management services. Our team has extensive experience in developing, launching and managing accommodation services, and from now on we will also offer this know-how to our new partners. ”
Duo Lofts are currently all the big fuzz in Tartu
The Duo Lofts, completed in Tartu in 2021, offer an experience for both residents of Tartu and, above all, the residents of this house. It is no wonder then, that in the same year, all the units – more than a 100 of them – found an owner.
In addition to the fact that the house is located on the main street of the city by Rüütli Street, there is also a cinema hall, a gym, a party room and several cafes hidden inside the house.
The luxurious life of a house resident
For the residents of the Duo, living in the house is definitely a versatile experience, because care has been taken to ensure that you never get bored.
All residents have free access to the 24/7 fully equipped gym or enjoy the sunset views from the rooftop terrace.
On the ground floor of the house, it is also possible to rent an event room and a cinema hall if you want to enjoy a private event with your friends.
Stylishly furnished lofts give you a metropolitan feel
What could be better than drinking coffee in your bed in the morning and enjoying the beautiful views. From the bed on the second floor of the loft, this is certainly possible!
Duplex rooms or lofts are a smart way to create two separate zones in one room. The first floor has an open kitchen and living room, and the second floor features a large bed and a wardrobe.
Put yourself down on the Scandium Living waiting list
If you would also like to live in Duo Lofts, let us know and we will add you to the waiting list – because these lofts won’t wait for a new tenant for a long time!
Write to us at duo@scandiumliving.ee
1) Renting an apartment gives you freedom
Want to move to another city to study? Or did you get a great job offer outside your hometown? Buying an apartment is a big investment and will inevitably make you local.
If you are at a stage in your life where staying for a long time is not necessarily planned, renting an apartment is a good solution. When a moving opportunity arises, it is not hindered by the long and complicated process of selling the apartment. The only thing that must be considered in the case of a rental apartment is the notice period for the termination of the lease agreement.
2) It is easy to rent and move in a furnished apartment
Looking at various Estonian real estate portals, one can see that many rental apartments are furnished. Renting such an apartment is a good option for those who do not have personal furniture or do not want to go through a complicated process of moving the furniture to another place.
In the case of a furnished rental apartment , everything necessary for living is usually immediately available and you do not have to worry about where to sleep or prepare pancakes on Sunday mornings.
3) Renting an apartment is economically accessible
Renting an apartment is the best solution for a person whose financial situation does not allow them to get a loan for a home purchase or the loan payment becomes unreasonably high. When renting an apartment, you need to pay the first month’s rent and deposit and you are ready to move in.
4) You save the capital spent on furnishing the apartment
Furnishing an empty apartment is expensive and very time consuming. The furnishings of a new apartment cannot be purchased with the help of a home loan, and often the delivery time for the furniture can be measured in months.
By renting a furnished apartment, all furnishing problems have already been solved for you. For a look at the modern rental apartments, see for example from the Newton Studios video here: https://www.youtube.com/watch?v=dOA4LCUZ588.
5) Renting an apartment is low risk
The risks associated with acquiring real estate are higher than when renting real estate. If your income decreases or even disappears temporarily, it is possible to reduce your expenses by exchanging a rental apartment for a smaller and cheaper one. However, once you have acquired real estate, the costs are fixed and can only be reduced by selling the property.
New project from a recognized developer
Scandium Kinnisvara is developing a five-story co-living rental house in Mustamäe near Mustika Centre. The building, which will be located at Laki 24/2, will have 151 one- and two-room studios and a wide range of common areas for residents. A building permit for the building has been issued and work will begin shortly, the builder is Mitt & Perlebach.
Private furnished studios to suit all tastes
Magma Studios comes in three types of rental studios – larger studios with a two-room layout, classic one-room rental studios and compact rental studios specially designed for two people.
All studios coming to Magma House are fully furnished and available to move in immediately. A private bathroom and kitchenette complete with oven, tables and chairs, sofa, wardrobes and of course a comfortable bed.
Modern amenities and general areas
In addition, the house will be equipped with the comforts of a co-living lifestyle – a gym available to residents every day, an entertainment and recreation room, a common area for studying and working, and a separate washing machine room on each floor.
In addition to entertainment and sports facilities, the outdoor area will have a community garden with planters and a greenhouse.
If you would like to live in Magma, put yourself down on the waiting list by writing to us at magma@scandiumliving.ee
1) As a rule, rental houses are better maintained than apartment buildings
The rental houses have secure managers, who on the one hand are responsible for ensuring that all rental studios are as tidy and nice as possible.
On the other hand, they make sure that all common areas, corridors and the exterior of the house are modern, clean and nice. Thus, the quality in rental houses is usually even better than in conventional apartment buildings.
2) Various additional rooms are available to residents in rental houses
The heart of the co-living lifestyle are common areas where residents can gather, spend time and organize events. Most frequently, common areas include the recreation room, the gym, but also, for example, the community garden and terrace.
Inspiring and inviting rooms extend the living space beyond the apartment walls.
3) The rental house creates a sense of community
When you work out in the gym, play table tennis in the games room or do your laundry in the laundry room, you will meet other residents and it will be easier to make contacts. Chatting behind a cup of coffee on the terrace can lead to some new business ideas or a friendship that lasts for decades.
4) The rental relationship in the rental house is secure
When renting a casual apartment from an individual, it may happen that the apartment will be sold or used for personal use after some time. Rental houses, on the other hand, are designed for the purpose of a long-term tenancy, ensuring reliability and security in both financial matters and the stability of the habitat.
5) Our rental homes have a co-living lifestyle
Man is a sociable soul. A young person or specialist moving to a new city must build a new network of acquaintances to contact and ask questions from. The easiest way is to go to the nearest person distance-wise – to knock on a neighbor’s door.
Co-living elustiiliga majades on aga naabrite Unfortunately, for us Estonians, this does not sound very logical – how are you going to disturb a neighbor; who knows who will be welcoming you there? In houses with a co-living lifestyle, the door-knocking of neighbors is very welcome, even welcome.
The Järve 40 house has new rental apartments with modern furnishing
A house with only 10 apartments in Kristiine is waiting for its first residents, who can move in immediately – because everything necessary for life is already there! The apartments are modernly furnished, decorated and full of coziness.
The apartment is fully equipped with kitchen furniture, including an oven and an integrated refrigerator. There is also a washing machine and a bathroom, a dining table with chairs, a soft sofa and a large bed.
Something for each taste
Although there are only 10 apartments in the house, there are different solutions among them for every taste. Including two large lofts on the third floor.
On the first and second floors, almost all apartments have a separate bedroom and living room, the sizes of the apartments vary, and larger apartments are also suitable for a small family.
The private yard creates a pleasant living environment
Behind the house there is a private courtyard with a garden house, where you can spend time with friends or neighbors. Beautiful landscaping and romantic garden lighting await you in the courtyard.
There are also several parking spaces next to the house inside the garden, which can be rented. This way, your car is kept safe. However, parking spaces are limited.
Quiet location near the noise
Järve Street is conveniently located near Tammsaare Road and Pärnu Road, but at the same time it’s situated in a small quiet pocket between them. The train stop is conveniently close to quickly reach the heart of Tallinn. Tondi Selver, Järve Keskus, MyFitness and Golden Club are all in walking distance.
If you would like to live in this house, write to us at jarve@scandiumliving.ee
