Charlotte Condos at UNCC

Do you have a child about to attend UNCC? Considering housing costs? There are some fantastic condos across the street from UNCC that are ideal! As with any real estate investment, it is all about the numbers.

A 3 bedroom condo across from UNCC is selling for around $50,000. Your son or daughter can have a roommate or two (many are 3 bedroom condos). You have your child and the room mates pay rent. Yes, your child can also pay rent to assure the roommates do not feel envy but also respect that it is his/her parent's condo.

Numbers: If you get an apartment (rent out one of the condos), it will cost you about $525 a month. Multiply this out for 4 years and you have paid $25,200. Of course you walk away in 4 years without $25,200 (assuming rent does not increase).

Another option is to live on campus. Campus life can be an exciting adventure but it is at a price. In addition to the cost of the dorm, consider the additional fees incurred such as parking and required meal programs. The numbers do not add up.

If you pay $50,000 for a Charlotte UNCC Condo (literally across the street from the campus), you collect the $25,200 in rent from your child and the roommates, you then sell the unit. Let's assume no appreciation and you only get your $50,000 returned.

What is the cost of money? You have tied up $50,000 in cash for 4 years. Haw did you make out for your Return on Investment? Annually you are receiving $6,300 as your return. That is a reasonably strong rate of return as a normal investment but a huge benefit if your alternative was to spend/lose $25,200 in rent over 4 years!

The best part is you sell the condo after college. If possible, you can actually return your child's rent as a graduation gift and pay off a huge chunk of the educational expenses.

I do not understand why the entire complex is not full of students and parent teaching their children so many important lessons. You are providing independence, teaching your child about investments, rental properties, the responsibility and benefit of home ownership and much more.

I have recently sold one of these units and worked with an investor who is ready to liquidate his investment in the complex. The investor owns two buildings (a total of 24 units minus the one that I just sold). The investors are a class act and are selling the units in move in condition. Call me today for more information.

Visit Charlotte Real State Charlotte Homes for Sale for more contact information. I am a Charlotte Realtor and here to help. A friend of mine just purchased the condo and we were amazed at the numbers and the savings!

Charlotte Condos - Charlotte Townhomes

Charlotte Real Estate provides endless housing options and Charlotte Condos are a fantastic choice. As the population of Charlotte continues to grow, our condos and townhome options are increasing. Condos and townhomes are often a great option for singles, young couples and seniors. Townhomes provide the freedom of home ownership without the additional responsibility of lawn care. This is ideal for the busy professional. Visit Charlotte Condos Charlotte Townhomes for additional information in the greater Charlotte area.

Charlotte has a wide variety of condo options including uptown condos. Center city Charlotte has dramatically transformed over the past decade. This small city now is bubbling over with young professionals, clubs, restaurants and is full of energy.

As you travel around Charlotte you will find other options such as Rosewood in South Charlotte. Rosewood proudly boasts of million dollar condominiums. Words can not accurately reflect the corpulence you will experience in these condos.

The options are endless and really needs to be seen. There is something for everyone and the prices range from less than $100,000 to well over a million. It all depends on what you are seeking. Call me directly and I will help you discover that ideal townhome or condo that you always wanted.