Benefits of Purchasing Off-Campus Housing for Your Kids

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Each year, college students across the country have to choose whether to live on- or off-campus during the school year. While many parents feel more comfortable with their child living on-campus, purchasing a home for him or her to live off-campus can have considerable benefits. Here are four benefits to buying an off-campus home from ERA Hirsch Real Estate Team broker/owner Patricia Hirsch:

  • Stability: Owning the home your child spends his or her school years in can help make seasonal transitioning easier. You can completely avoid the hassle of moving your student in best online casino and out of a new building each year if you own the property they live in.
  • Splitting the Cost: You can have your child recruit friends to live in the house with him or her, this way you can split the monthly mortgage payment between multiple families.
  • Responsibility: Living in a home that someone they know pays for will encourage students to keep their living quarters clean and organized, which is good practice for young adults learning how to live on their own.
  • Sense of Community: Living in such close quarters with town locals encourages students to be more involved in the local community outside of their school, such as Big Brother, Big Sister.

What are some other benefits of buying an off-campus house for your student versus renting or dorming? Tell us on Facebook or Twitter!

 

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ERA Real Estate is an innovative franchising leader in the residential real estate industry with more than 40 years of experience in developing consumer-oriented products and services. The ERA network includes approximately 36,000 brokers and sales associates and approximately 2,350 offices throughout the United States and 33 countries and territories. Each office is independently owned and operated. ERA Real Estate is a subsidiary of Realogy Holdings Corp. (NYSE:RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

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