It’s a good idea to keep looking for lucrative real estate investment opportunities. Many people are taking note of how good college housing investments seem to be right now. If you’re looking to invest some money in real estate soon, then finding college housing options should be high on your list. Take a look at the information below to see why investing in college housing is so worthwhile.
It’s Relatively Recession-Proof
One of the best reasons to consider investing in college housing is that this is a relatively recession-proof option. You see, when the economy goes through tough times, statistics show that many people go back to school. There will seemingly always be a need for student housing and this gives you an opportunity to profit. You can use college housing as a solid source of income during tough times.
It’s Steady Money
You also need to understand that this is a real estate investment opportunity that can create steady money for you. Students are going to come and go, but college housing is always going to be in demand. The only period of time that you’ll need to worry about vacancies will be during the summer. Even then, many students try to move in during the summer months to get ready for the fall semester.
Student Enrollment Has Been Consistently Increasing
Another positive sign to take note of is that student enrollment in colleges is high right now. The enrollment numbers have been consistently increasing for years now. This means that college housing will continue to be in high demand for the foreseeable future. It could be one of the best real estate investment opportunities out there right now.
Potential Negatives
As with all things, there are going to be some potential negatives to be aware of. Sometimes young adults aren’t the most responsible renters and you might have to deal with higher rental insurance costs. Also, the potential for damage to your property is higher when looking at the statistics. Regardless, these small risks are going to be worth it when you consider the potential for profit.