Kalamazoo MI – Many smart parents and students have figured out how to greatly reduce their housing cost while attending college in Kalamazoo. There are many houses that you can purchase where your payments would be significantly less than $1000 a month. Smart students get a group of friends to rent from them and end up MAKING MONEY instead of sinking lots of money in rent payments.
Here is a great example! This house, located at 1130 Eldridge, is a 2 bedroom, 2 bath home. With a full price offer, your mortgage payment can be less than $514 a month! That means, you can live with only 1 room mate and get very close to covering your mortgage payment. If you have good credit, you can purchase this home for only 3.5% down.
Added to the benefit of a low monthly cost of living, you will find that real estate historically has been a very good investment AND when the student has graduated (and perhaps siblings have also lived in the house and graduated) you can either keep the property as a rental property, or you can sell it — hopefully even at a profit!
In addition to the benefits of inexpensive living during the college years, you will also find that today’s interest rates make it possible to purchase a home at an AMAZING price point for a mortgage payment of about $1000 (not including taxes and insurance).
CLICK HERE FOR A SEARCH FOR HOMES for sale within just a few miles of WMU, Kalamazoo College, KVCC Downtown, The WMU Medical School and Davenport College.
The search above is a bit broad, but we can set up a completely free, very specific search for you. We have an incredible home search tool and can search for homes in specific neighborhoods, we can search for homes within price points, by number of bedrooms and much more! Contact us and we will help you find the best option!