Even though spring has just arrived, now is the time for Raleigh college students to start making plans for where they’re going to live this fall. Buying makes so much more sense than renting in our hot real estate market. The condos and townhome communities that are popular with students at our local colleges and universities are selling fast and increasing in value each year.
Realtors Richard Callahan and Ron Parent share some of the many reasons why:
Our top reasons for buying vs. renting:
- Interest rates are low
- Rental rates are rising
- Rent rooms to your child’s friends to cover your mortgage payment
- Build a credit history if you put the property in your child’s name
- Build responsibility as a homeowner and act as a landlord
- Build equity
- Alternative to stock market investing
