Search for homes for sale in Humboldt County, CA
Real Estate Home Buying a Home Selling a Home Real Estate Videos Learn about Real Estate About Our Company About Our County Real Estate Blog

Search for
Homes For Sale
> Detailed Search
Our Search displays all of our local listings from Coldwell Banker and all countywide properties represented by other real estate companies.


College Housing Crunch

Coldwell Banker Offers Tips to Parents Considering Second-Home Ownership in a College Town

With thousands of families sending their children to college for the start of the school year, many are facing increased housing costs, both on and off campus, as well as an overall shortage of housing options. While most students choose to stay on-campus or rent off-campus apartments near their schools, historically low interest rates are influencing an increasing number of parents to purchase homes for their children's stay at college and, as an investment thereafter. Coldwell Banker Real Estate Corporation (Coldwell Banker®) offers a few tips to parents who are considering purchasing properties in college towns.

Parents purchasing a home for their children to live in while they attend college can realize many benefits including: possible tax advantages and possible lower monthly housing costs, a start to good credit history for their child and, at the very least, less moving mania in between school terms since the student wouldn't have to completely vacate his or her own property. Here are a few questions that parents need to consider before making a college-area home purchase for their child:

Is the area around the college appreciating?
Research the city or town where the school is located to see if it has suitable housing at a reasonable price and check up on other properties in the area to see if they are appreciating and gauge whether or not this is a good investment. A local real estate professional can give you a clearer understanding of rental demand and home-price appreciation in that market.

How many family members and friends are planning to go to the same college?
If a family has several children bound for the same college within a certain period of time, it may make economic sense to buy a home for them to live in instead of paying rent.

How can owning a home help with tuition fees?
Some out-of-state students can establish residence by having their parents purchase a home for them to live in, which may enable them to avoid paying out-of-state tuition fees.

Will there be a steady supply of tenants?
A home with several bedrooms makes it possible for a student to have friends move in and pay rent. This can generate income above the mortgage payments, which can make a nice return on the purchase price.

How can this affect my child's credit history?
One option is for parents to include their child's name on the contract and loan. There are many first-time homebuyer assistance programs that make it easy for students to qualify. This will also help the student establish his/her credit and enable the parents to get a lower loan rate for the home than the rate they would have had to pay on a loan for a comparable investment.

How can I educate my child to be a responsible homeowner?
If parents elect to add their child's name on the mortgage, they should make sure that the child can handle the responsibility of homeownership by involving them in the family's own home obligations on a monthly basis before sending them off to school.

These tips are for general information purposes only. Coldwell Banker® recommends consultation with your financial and real estate advisor before acting.


New Listing Notifications
Let us do the searching for you!

New Real Estate ListingsBased on your criteria, we will email you any new listings that fit your needs. You can remove your name at any time.

> Registered Users Login In Here!


Find Out How Much Your Home is Worth
Get a FREE Current Market Analysis on your home!
Videos for
Buyers & Sellers

Learn tips to help you with the home buying & selling process.
  Coldwell Banker
Sellers Realty.

985 G Street, Arcata, CA 95521
CalBRE#: 02074234
  (707) 822-5971- Phone
(707) 822-4337 - Fax - Email
Home For Buyers For Sellers Real Estate Info About Us Local Info Blog Contact Us

For Buyers Find a Property FREE Email Alerts First Time Home Buyer Videos Find a Sale Associate Mortgage Center Relocation Services Buyer Resources Our Communities
For Sellers Our Agents Relocation Information Enhancement Program Seller Resources My Home Value
Real Estate Videos First Time Home Buyer Videos Agent Profile Videos Community Videos Homes For Sale Videos
Real Estate Info Real Estate Videos First Time Home Buyer Videos Buyer Resources Seller Resources Homeowner Resources Mortgage Center Real Estate Glossary
About Us Our Agents Referral Network Careers Contact Us
About Humboldt County, CA Our Communities Community Events Points of Interest Market Data

Coldwell Banker Seller Realty Coldwell Banker Seller Realty. Privacy Policy • Copyright© 2018
Homes For Sale in Arcata, Trinidad, Mckinleyville, Eureka, Willow Creek, CA - Humboldt County, CA Real Estate
Serving Humbolt County, CA and the surrounding communities of Arcata, Trinidad, Mckinleyville, Eureka, Willow Creek
Copyright 2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. |
Website designed and maintained by Lyon Graphics