Hello Longhorns!
For many, one of the most important factors to get organized as you begin your college journey is housing. After all, you will probably spend more money on housing than you will paying for the college credits you earn. As you begin college, you have a few possible options to consider. 1) Live at home. 2) Live on campus. 3) Rent a property. Or 4) buy a property. In my opinion, option 4 of buying a property sounds like the best economic bet. Unless of course you really find value in sharing a room with strangers or giving money to a property management company or landlord. The reason for this, of course, is buying is an investment. The money you pay toward a mortgage, you can recoup with positive equity during a sale. Additionally, many graduates choose to become investors and rent out their owned properties when they graduate. This is an excellent way to keep earning money even after you have graduated.
With that said, you might be wondering how much a 2 bedroom condo in West Campus sells for… Conducting a comparative market analysis of West Camps sales in the last 90 days, 11 condos were sold, with a sales price ranging from 263k-504k. The variation in the price has to do with location, square-footage, what year the building was built, how many parking spots are included, and what the quality of finishings the unit has.
If you are interested in purchasing a condo in the UT Campus area, or Austin area in general please reach out. I can provide access to tools and resources to help you view data and properties for sale or rent in the campus area. Additionally, feel free to complete a Buyer’s Questionnaire or Renter’s Questionnaire and I will reach out ASAP!
Thank you for your time,
Realtor Tineo,