Ferris State University Student Home Buyers

By
Real Estate Agent with Lake and Lodge Realty LLC

Ferris Bulldog

Congrat's for being accepted to Ferris State University in Big Rapids, MI. One of your many new challenges is to find a place to call home while attending school. There are always the dorms, and for some , that is the only option available. Ferris has restrictions on who can live off campus and while the price of the dorms seems pricey it is your only choice. For others the lure of buying a home, renting a few rooms to buddies while going to school and then selling for a huge profit is too much to resist. Like any journey, the first step is deciding on whether to go it alone or use a guide (in this case a Realtor®). There are so many things to keep an eye on in Big Rapids, it would be insane to not at least talk to a local agent. Many people think they can just find a home zoned correctly and buy it. Not so. Even if the zoning is correct for renting to students, the home may not be. Unless it has been used as a rental before it has to go through a "Change of Use" process which involves several inspections by City and County agencies to make sure the home is safe to rent. Parking is another thing to consider. Big Rapids has a parking rule that says you must have 1 parking space for each bedroom plus one for a guest. These spaces have to be on the side or rear of the home and must be at least 180 sq. ft. per spot. So a 4 bedroom house must have 5 parking spots to be able to rent rooms out. I hear agents tell clients to just go outside the City limits to avoid the zoning hassle but Big Rapids Township is also zoned, so that is not always a good option. Best bet is to find an experienced Realtor® that is familiar with the City of Big Rapids zoning laws and let them guide you. Most will answer questions for those who still want to do it alone. Best of luck and I am here if you need me.

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As always if you think the Big Rapids area is a place you would like to live give us a call (231) 796-5253 or check out either link below and we will help you find a house so the Big Rapids area can be your home too. Thanks for reading. 

Big Rapids Real Estate Big Rapids Homes

 

Randy Ostrander
Lake and Lodge Realty
107 N. Michigan Suite B
Big Rapids, MI 49307
(231) 796-5253
randyooo@yahoo.com

 

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Rainmaker
798,169
Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677

What a great blog.  It caught my eye because my sister went to Ferris State, but well written and a great idea.  A letter to incoming students! 

Dec 07, 2010 12:09 AM #1
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

Randy thanks for the heads up (and more work)!  I was planning a mailing about some of my listings within 10 miles of Stockton State College...I'll have to check zoning requirements first!  Good blog!   

Dec 07, 2010 01:01 AM #2
Rainer
407,272
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Thanks Cindy, Seems every year the City ups the ante for incoming students. Some of the changes come fast so it is hard to keep up on it.

Laura, Students are a great resource for Realtors® I usually seel three or four houses a year to incoming students (and sell a few when they graduate). Thanks for commenting.

Dec 07, 2010 02:25 AM #3
Rainmaker
841,108
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good morning Randy!

Dec 07, 2010 09:17 PM #4
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Randy Ostrander

Real Estate Broker, Serving Big Rapids and West Central MI
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