If you have a student in your family that’s attending Winthrop University, then investing in real estate in the area can be an excellent idea. Not only will your student have a place to stay, but you could make some extra money renting out other rooms while the property appreciates in value over the course of their college career. That being said, the following are a few things that you should look for when buying a home near Winthrop University:
- Distance to campus – You won’t want your student to live too far from campus or it’s going to end up being a hassle getting to and from class on time. Convenience is important as a college student. In fact, houses that are within bikeable or walking distance will be easier to rent out as well.
- Safety of the neighborhood – Don’t jump on a property just because it’s a good deal. Find out how safe the neighborhood is by looking up surrounding crime statistics and by speaking with the neighbors. A good real estate agent will be familiar with the area and should be able to provide solid advice in this regard.
- The condition of the house – You might want to avoid a fixer upper unless the house is only meant for your student. If you’re going to rent the other rooms out, keep in mind that you will be the landlord, which means you will be responsible for any maintenance and repairs that are required. A house that’s already in disrepair when you buy it may end up being a money pit because of this.
These are just a few things you should look for when buying a home near Winthrop University. To speak to a real estate agent familiar with the surrounding area, contact us at Randy Lindsay today.