Investing in your child’s higher education is an important thing! I remember the couple dollars ( or few) that my parents shelled out to send me to the University of Houston and the Hilton College of Hotel and Restaurant Management. At that time, I’m not sure if my parents had the money to purchase a home or condo for me to live in..it was probably the time of 15% interest rates! But in Midtown Atlanta, parents at Georgia Tech have another opportunity to invest in their child’s education….Buying Midtown Atlanta Real Estate!
ANOTHER GATech Parent Buys Midtown Atlanta Condo!
This past Friday, another GATech parent invested in their child’s future by buying a Midtown Atlanta condo….in this case, at Cornerstone Village. Cornerstone is still a value option for a parent looking to purchase a condo for their student to live in while attending GATech! This was the last 2 bedroom that was on the market, but another one could appear anytime? There are still some great 1-bedroom options, but they don’t work to well for students that might want a room mate. Click Here to learn MORE about Cornerstone Village!
Prices are going up….despite what you hear about the economy or real estate elsewhere in the country. Cornerstone Village in fact saw an average price increase of 18% from 2011 to 2012!!! Now just might be the best time to buy!
A long term investment opportunity may be available to you once your son or daughter leaves school. Leasing your condo requires an approved leasing permit from the HOA! This waiting list in most Midtown Atlanta condo buildings pushes FIVE YEARS! So, if you purchase now, and your student lives there for 4-5 years, and you’ve placed your name on the rental permit waiting list, you might clear it and be able to rent your Midtown Atlanta condo back out! FULL DISCLOSURE — there is NO, repeat NO guarantees that you will clear the list in this time period. It’s just an option for you to consider.
