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Buy a home for your college student
These days, with bank foreclosures still showing no signs of slowing down and cheap student housing always a highly desired item, the smart real estate agent should encourage his or her clients to purchase a home for their college kids, either as a savvy investment or simply to save some much-needed cash on room-and-board costs on the college level. In fact, this time in the real estate market can make buying a home for college kids a particularly attractive option, what with real estate prices already being low and tax breaks always looming on the horizon.
The thing about purchasing a condo or other type of residence for one’s college kid is that it appears more expensive than it actually is. This can be seen as very apparent when we just take into consideration some basic figures. For instance, according to the very helpful website named Free By Fifty, it costs about $8000 per year for a client to send his or her son or daughter to college; if you multiply that by a tenure of 4 years, that will come out to about $32,000 over the 4-year period. These figures are simply in relation to the room-and-board costs.
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