If you have students heading for BYU and are faced with years of student housing fees, investing in a condo or townhouse may provide the housing your student needs while providing you with a long-term growth investment.  Real estate has been one of the safest investments for decades. Many find that the expenses associated with housing their students while attending college can be recouped by investing in off-campus student housing. The advent of condos and townhouses allow parents to invest in a single unit without having to buy the entire complex.

There are many advantages to investing in a student condo or townhouse. Investing in a student condominium converts the expenses for student housing into a long-term financial investment that can later be sold for a profit when the student graduates. Holding the property for at least two years carries certain tax advantages. Student roommates can provide additional sources of income. The continued growth of the Provo area has consistently produced increasing values in real estate throughout the area.

There are three key factors for selecting the right condominium that meets your students needs and your investment needs. First, the condo must fit in your investment strategy. Price, location, investment growth and cash flow are a few essential considerations. Second, the condo must meet the needs of your student. Proximity to campus, bus stops and shopping as well as the condition of the condo, size, adequate bathroom facilities and parking. Third, the condominium should meet Brigham Young University's undergraduate housing requirements. Although your student could receive a waiver to live in a parent owned condo, many find that meeting the housing requirements facilitates leasing to roommates and the value of the condo when it is time to sell.

Search and find the right BYU condo that meets your students needs and your investment needs. We can help you locate a condo or townhouse for sale that is approved by BYU housing. Click here for a boundary map of approved BYU student off-campus contracted housing in Provo, Utah. Obtain a current list of BYU approved student off-campus housing.

After you select the property that best meets your students needs, your investment strategy and your long-term goals, we will negotiate your terms with the seller, monitor the transaction process keeping you informed with updates and options available, and we will be present at settlement to ensure your interest is fully and professionally represented.

Do you need some real estate market trend information for the Provo, Utah area? Compare BYU approved condos - average rental price, deposit amount, address, swimming pool, parking, etc. Click here for a trend report on BYU approved condos, displaying average condo price, average square foot, average days on market, etc.

 


Salt Lake City Map    Provo City Map    Brigham Young University Map

Other BYU Condominium Web Pages:

BYU Condo Investing

Search for BYU Condos For Sale

Brigham Young University Condo Trends - Snapshot of BYU Student Condo Trends

BYU Condo Market - Sales Trends 2008

BYU Condominiums For Sale - Sales Trends 2010

BYU Condominium Sales - Historical Review of BYU Condo Prices Since 1996

BYU Condo Comparison - Rental Comparisons for BYU Student Condominiums Listed by Complex

BYU Approved Condominium Review List - Side-by-side Comparison of BYU Condo Features

Brigham Young University Campus and Provo Area Map

Brigham Young University Off-Campus Housing Boundary Map - Approved Condominium Boundaries

Barry J. Preusz, REALTOR®, Downtown Salt Lake City Condo Specialist, Equity Real Estate, 7090 Union Park Center, Midvale Utah, 84047

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