It’s that time of year again – and a great time for those of you who like to think ahead. While school is rapidly coming to a close for the spring terms of 2015, many wise investors are thinking ahead to the fall terms, and beyond.
Every year, millions of college students flood into college cities and towns. Those students, along with the faculty and staff at their schools, have one common need: housing. Consistent demand for housing makes college and university communities attractive to people interested in real estate investing.
The Opportunity
Whereas housing demand may fluctuate in other areas, college towns boast a steady flow of students, professors and staff, and a percentage of those will always require off-campus housing. Most colleges and universities do not have enough on-campus housing to satisfy demand, and when school budgets are tight, maintaining and upgrading housing can take a back seat to other financial priorities. Properties that are well-maintained, well-marketed, competitively priced and close to amenities can attract buyers and renters alike.
Baby boomers are beginning to realize the multiple benefits of investing in real estate in these communities. Many parents are viewing off-campus housing options as something that could not only provide a home for their child, but also be an investment that could appreciate in value for resale after graduation or provide a place for their own future retirement. According to the National Association of Realtors, baby boomers are increasingly citing a preference for college and university communities for post-retirement housing.
Bozeman and Montana State University
Every year, we at Montana 406, represent investors who are looking for investment properties and homes for sale in Bozeman and the area in and around Montana State University. We provide a no-cost weekly list of investment properties for sale in Bozeman and specifically, in a tight geographic area around MSU. You can sign up to receive the list here - http://bit.ly/MSUrealestate -  and opt out at any time.
Remember to start thinking about this early, as renters will be looking starting in late spring and into early summer.
Posted by PollyAnna Snyder on
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