If you've got children heading off to college soon, there's no doubt you have concerns about them as they leave the home to live on their own for the first time. Dorms are cheap, but how safe are they? How about privacy? Hundreds of unsupervised teenagers living in close proximity of each other sounds more like FOX's next reality series than an environment for learning.
If you are already thinking about renting a property for you child and a couple of close friends, why not consider buying? After all, your child is going to be there for four years (God willing). Rental prices are on the rise and mortgage rates are falling. Couple that with some rental income from select roommates and then a potential after a four year investment, there's a strong chance you could make money off this property. Or, you could hang on to it as a student rental property for years to come. After all, there are literally thousands of potential tenants coming to town every fall.
Stability for both you and your child is another consideration involved in owning a home near campus. Your student and roommates can leave their belongings in the property over the summer, so there's no need to move or pay a storage facility fee. Also, you are in control of their living environment. You know your child is safe.
Whether your son or daughter is off to Boulder, Ft. Collins, Greeley, Colorado Springs or even D.U., I know I can locate and negotiate the right property for your college bound student. Take advantage of the current market conditions and set yourself and your son or daughter up for a great collegiate experience.