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Real Estate Tips
Investment Real Estate >Your Own Dormitory

Your child has just been accepted to a university. When you look at the room and board fees, you nearly go into shock! If the school is located in a large metropolitan area, there is an interesting alternative to the college dormitory.

Many parents are investing in condominiums or single family homes near the college campus. They rent the house to their children and one or more roommates. When their son or daughter graduates, they sell the property. The property's anticipated appreciation may go a long way toward helping to finance college expenses.

Many parents sit down with a local real estate agent after their son or daughter is accepted to a college. A real estate agent can provide information about neighborhoods near the school, properties that are for sale, and the amount of rent you can expect to receive from the property.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Suzanne Burton, REALTOR®, real estate agent and broker for Harford County, Bel Air and Cecil County, Maryland home listings, property and land for sale - NUMBER1EXPERT

Suzanne Burton
RE/MAX American Dream

620 S. Main Street
Bel Air, MD 21014
410-420-7355
Fax: 410-879-4771
suzanneburton@NUMBER1EXPERT.com


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