FREE MAGAZINE Vol. 3 - ISSUE 7 - JULY 2014
Sage Wosminity
on fashion, REAL focus and Kids Off To Unive being fifteen
Are you dealing with university or college applicatio children? Are they looking at moving out? Som may want to consider is purchasing an apartment, house for your children to live in.
My cousin and I both attended the University of S wan and had apartments down the hall from each would always mention to our parents that they shoul bought one, as we spent about $450/month for ov totalling $43,200!
What are rental rates these days? A two-bedroom is going to run you around $900 to $1500 per mont not look at purchasing and instead pay a mortgag gage will be less than rent! And, if your child has a who pays $500 or $600 – this could lessen your mo cial commitment.
Real estate usually appreciates over the two to four your child attends post secondary education. Sub you could also have another child going to school in as well, so you may have this investment for 6-8 ye
“If you buy a house or thr money off the rent coming i positive cash flow, which
So, to put this in perspective, at $1200 per month f potentially $57,600 could be spent on rent. Even a room is about $900 per month. At 4 years that w $43,200 spent on rent. This amount can be retaine a purchase.
If you buy, you would require a down payment. And sell, you could probably get the same price or per more than what you paid for the place. If you buy three-bedroom apartment, you can make money o coming in. Either would ensure you would have a po flow, which can help off set tuition/books costs!
This is usually not a decision regretted; instead it is w the foresight to make a prudent investment decis
Next Generation of Volunteers Emily Holmes
MOMS AND MUNCHKINS Cheryl Kirkness
real estate 101 charmaine Luscombe
Fashion column by michelle strawford | beauty column by Sara Lindsay | Hair column BY Joy Amistad