Three Secrets to a Successful Student Condo Purchase in College Station, Texas
Thursday, December 13th, 2007
Buying a student condo can be a great investment in College Station. Among the benefits are the increase in equity during the time your student lives there and the learning experience for your student. Watching you complete the purchase can also teach your student valuable information about real estate transactions.
How do you ensure a successful purchase, one in which the student is happy, you are happy and you are enroute to a gain in equity during the years you own the property?
The First Secret To A Successful College Station Condo Investment
Find an agent VERY familiar with all the condo and townhome projects around town and one that will take the time to familiarize you. All of our complexes have their upsides and downsides and you need an agent that will discuss the pros and cons of each complex and educate you to what is available, and what has traditionally made good equity leaps. There are many choices in our town, and it is a huge mistake to make a decision without seeing what other complexes are available. Many people go for the latest development because of a beautiful brochure and their touted amenities only to find out that their resale value isn’t as high as their mortgage.
The Second Secret to a Successful College Station Condo Investment
Match the condominium with your students (and their friends) personalities. A more outgoing student sometimes will not be happy in one of our more sedate complexes just like a quiet student won’t be happy in party central. It’s very important to factor in whether your student will be in a better situation living alone, simply having one roommate, or if more roomates will work well.
The Third Secret to a Successful College Station Condo Investment
Choose roomates very carefully. Sometimes long time friends make the worst roommates. Many times well screened acquaintances can be some of the best fits. Family,also, at times, can make the best roommates you can get. If cousins are attending together, and get along well together it can be beneficial. Good friends have often left their college condos never talking to each other again. Family is, most often, always family!
College Station Condominium Options
Here in Bryan and College Station we have condo options that span from small one bedroom, one baths to spacious four bedrooms, four baths. Prices range from around $40,000 (one bedroom, one bath), to a luxury condominium four bedroom/four bath for anywhere from 150K to 220K. Chosen carefully a college condo can be an excellent investment and an asset to your investment portfolio. Call me to schedule a time to look at all your options!
For those of you looking for Condos for a more mature audience stay tuned, or call for immediate information!