It's been a trend over the past several years...parents with children in college purchase a home, rather than rent, for the duration of the college years.  This is a smart move, because home prices (generally) rise or at least stay stable  near college campuses.  Buy a home for your child, get a roommate or two, and in a few years you can actually make money off the sale!  Keeping in mind a few basic rules, real estate is always a good investment...now more so than ever, with lower prices and historically low interest rates.

Last week I toured a really cute home near UMKC--priced at only $125,000!  This two bedroom home features an attached garage, vaulted ceilings, hardwood floors, updated colors and decor, new copper plumbing and a newer HVC system.  It's a short bike or car trip to campus, the bus is always an option, and the home is a few blocks from  the Brookside shopping area. This house shows well and would be great for a college student/first time buyer.

Within the next two weeks I will list a house on Cherry near the UMKC campus.  This 3 bedroom home welcomes you with a relaxing front porch..inside you'll find hardwood floors, a full bath, large living room, dining room and eat in kitchen,  a deck in the backyard and a large master bedroom. The closets are larger too, for a  home in this area.  Once again, a great home close to campus for a student or first time buyer.

Remember the $8000 tax credit for first time homebuyers this year if the home is purchased before December 1!

Thanks for reading my blog.  Please email me directly if I can provide more information about these two homes.