Ann Arbor Real Estate- "College Town" Investment on the Rise

We just closed on a kiddie condo; whereby the student becomes the part owner for the primary residence and reduced homestead rate by being on the mortgage and deed. Ann Arbor is truly a great place to build equity while the students learn to collect monthly rent from their buddy room mates and keep the place in good shape while going to school. Parent can earn appreciation, know that the student has a great place to live and the rents won’t escalate.

Kathy Toth and Team
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"College Town" Investment on the Rise
Interesting column this week from Jennifer Openshaw, CEO of Openshaw's Family Financial Network and Host of radio's "Winning Advice with Jennifer Openshaw" who discusses the increasing appeal for investors who are buying homes in "university towns." The article portends that, though more expensive, college towns are great investments for people looking for (important point here) long-term payoff.

Real estate prices, like anything else, are a function of supply and demand. In college towns, demand is at least steadier, if not more destined to grow, than the average real estate market. Second, supply -- and the quality of homes in the area -- is usually constrained by strict zoning and growth controls, common in most college towns. Both factors work together to provide your margin of safety and ultimately, your growth opportunity," she said. She adds that excluded from this "opportunity" are large urban areas like Boston or Berkeley where there are too many housing choices. Sounds like good news for Lansing, Kalamazoo, Mt. Pleasant, Rochester and Ann Arbor to name a few.