Buying is Smarter Than Renting at Texas A&M
A Message to the Parents of Texas A&M Students
As a real estate agent, one of my greatest areas of expertise is in the area of investment property and student housing. From an experience standpoint, I have owned and managed my own rental portfolio right here in Aggieland for the past 20+ years. During this time I have used my personal experiences to help a tremendous number of other College Station real estate investors and parents of students purchase their own investment property. I truly enjoy the process of finding and acquiring these types of properties and I would love to share my knowledge and experience with you. My real estate partner, Mae Nowak, is also well versed in student housing and investment property acquisition. Mae is an A&M graduate and has several years experience working directly with parents in this sector of our market. If you are the parent of a student at Texas A&M, I believe the facts below demonstrate how profitable a College Station investment property can be.
Buying vs Renting
Student housing is the single largest controllable college expense. Quality, near-campus rentals in College Station are costly – starting at $500/month per bedroom ($6,000 a year) or higher. In most cases, this represents 40%+ of a student’s annual educational budget! Some students pay as much as $1000/month per bedroom in rent for premium housing close to campus.
Unlike renting, property ownership can provide significant cost reductions and tax advantages. As a parent, rental payments from your student’s roommates reduce your expenses and allow your student to live at a lower cost, oftentimes for free! The tax advantages can be substantial and I can share with you how those have benefited me personally. As the parent of an Aggie myself, I firmly believe that owning your student’s College Station home makes good financial sense. Take a moment to consider these numbers:
As you can see, the potential financial benefits are clear. There are also other tangible benefits. As an Aggie parent you understand that a student’s safety and academic setting are critical to their well-being and success. Both of these can be greatly enhanced by living in a privately-owned house, condo or townhome, where the surroundings are quiet and the parking is close.