FGCU housing costs? Thinking About Buying Your Kid a Condo for College Living?
FGCU housing costs?
For some parents buying a condo or home makes perfect sense. Consider the following, if you’re thinking about purchasing property where your student attends college:
- The number 1 rule with all of Real Estate Is location, location, location
- Your child will take on responsibility. You aren’t just betting that the real estate market will grow and blossom when you buy a home for your student. You’re hoping that your child will, too.
- Try and find a condo or home that can function from a cash flow perspective as an annual rental. We have a spread sheet we use called the APOD. It gives simple cash on cash returns. You always want to see what the APOD thinks before employing capital. You can contact us to request a copy of the APOD by clicking here If you have some capital which you’re thinking of investing anyway, because of low interest rates, buying a property begins to make sense.
- Will you have multiple children attending the same college at the same time?
- Is there any chance you will retire to SWFL? The real estate market has had rising prices since 2010. This gives you a chip in the game.
- Factor in your student not having to move and having a clean stable place to live. You will control the situation that your student is living in.
- Decide in the beginning whether the student will have room mates. Multiple student’s occupying the residence will reduce your FGCU housing costs.
- One of the up-sides to renting a home near a college is that as long as the school is enrolling new students, there’s a demand for a place to live.
There are many other reasons as well as some reasons not to. In the end it is a personal decision that features many of the modalities specific to your life.
Need help exploring this? We would love to set up a call or meet with you!
call 239 694 3300 Ext 102
Florida Gulf Coast University (FGCU) is a public university located in Fort Myers, Florida, part of unincorporated Lee County, Florida. The university belongs to the 12-campus State University System of Florida. FGCU competes in the Atlantic Sun Conference in NCAA Division I sports and is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award associate’s, 51 different types of bachelor’s, 29 different master’s, and 6 types of doctoral degrees