Topics

Rentals
Buying a condo near a college
Buying a condo near a college

Buying a condo for your child near his or her college is often a sound investment. Giving your offspring a place to live eliminates the cost of rent. And if the condo is large enough — say, two or three bedrooms — the extra rooms can be rented to other students to help defray the cost of ownership. Moreover, over the four-year span until your child graduates — and often a year or two longer these days — your investment is likely to appreciate. Although rising values are not guaranteed, housing near universities and colleges is usually scarce. If that's the case where your child chooses to matriculate, the law of supply and demand is the rule, not the...

Loading