Dorm Room vs. Second Home
If you have a college-bound student, consider paying for a second home, as a future investment, rather than pay high-priced dorm room fees.
With the rising price of higher education, there are steps you can take to offset some of the financial
burden. Not all costs go directly to tuition. For students who live on campus, room and board can represent as much as half of total college expenses.*
Think about growing your financial portfolio while your children grow their intellect. Consider these things:
Will your student be attending the same school for at least three years
Will it be possible to rent out excess bedrooms to other students to cover some of the mortgage costs?
Does the real estate market in the college town have a stable history?
Find out more about purchasing a second home...
I'm very fortunate to have helped parents purchase a second home.
If you are a homeowner looking to buy a second home, give me a call and get a free mortgage quote. I'm licensed in AZ, CA, CO, NV and TX
If you are considering buying a home, I urge you to consider Sierra Pacific Mortgage as your next mortgage lender. Our team's dedication to helping our clients prove how we stand out from our competition. Read our past client reviews and testimonials here.
*Data pulled from https://trends.collegeboard.org/college-pricing/figures-tables/average-estimated-undergraduate-budgets-2016-17
If you would like to know more about purchasing a second home, please give me a call- I'm happy to help!
Branch Manager & Residential Mortgage Loan Originator
2580 St. Rose Pkwy., Suite #230
Henderson, NV 89074
Office: (702) 420-2250
Fax: (855) 689-6691
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