Your Own Dormitory!
Your child has just been accepted into college. When you look at the room and board fees, you nearly go into shock! If the school is located in a large metropolitan area, there is an alternative to the college dormitory.
Many parents are investing in condominiums or single-family homes near the college campus.
They rent the house to their children and one or more roommates.
When their son or daughter graduates, they sell the property.
The anticipated property’s appreciation may go a long way toward helping to finance their college costs.
Many prospective students and parents sit down with a local Realtor after being accepted into college.
Anne Scott’s Team can provide you with information about neighborhoods near the school, properties that are for sale, and the amount of rent you can expect to receive from the property - just call us at 203.438.2284.
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