Student Housing: Parents Buying Homes For Their College Students

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Typically, college students in Bryan / College Station pay $500-$650 for a rented room. In our market, you can find a single-family home or townhouse for around $200,000, so it make sense to buy a home around this price.

Why is buying a home for your college student the way to go? Because your college kid’s roommates’ rent will pay for the mortgage, taxes and insurance for four years– We find that most parents can rent it out to their college student’s friends for a few more years after their student graduates, so on average, we see parents being able to rent the home out for 5-7 years. Depending on the average appreciation rate of your area, this is usually a better return than investing in the stock market!

Continued at CherryRuffino.com

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