Parents: Buy a Condo instead of a Dorm Room

Tuesday, August 5, 2014

Parents: Buy a Condo instead of a Dorm Room

This message is for all you parents out there. By now your kids have narrowed down a wish list of Colleges they hope to get into.  If your son or daughter will be enrolling in or currently attends a college in thte Naples area, you should consider buying a second home or a primary residence for your child. Condominiums are a great alternative to college dorm life.

Consider buying a place in Naples, FL with a down payment while the interest’s rates are still very low and take advantage of lower prices today for an investment you can make use of for 4 plus years. I have a client who recently bought a 2 bed Condo for their 2 children. Their daughter will be attending Graduate School and their Son will be a freshman next fall at one of the Universities. I found a great turnkey condo in a community close to school that is safe. Not only will my clients know their kids are living in a safe community they now have invested in a condo at a great price that they can hold onto for the long term or flip for profit when their kids have graduated.

Assuming you have kids that are going to school in Naples do you think you will visit? Are you going to come and sleep on the floor of their dorm room, or pay for a hotel room?  Why would you if you bought Condominium in Naples, FL?

Does your Son or Daughter plan on living with roommates? For some Parents I suggest looking out for 3 bedroom properties. The monthly income generated by renting out rooms can help pay for your mortgage loan, the monthly condo fees and the property taxes etc.. Plus, it can be great for one of your children to take an active role in collecting rent and learning the responsibilities associated with owning real estate.

So in this buyers market let me help you. Universities are not going anywhere so there will always be a demand for student housing . For more information about safe neighborhoods or smart investments please do not hesitate to reach out to me

Janet Santiago
Premiere Plus Realty

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