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Lethbridge University Real Estate
 

  Why buying Real Estate is the Best Option.

Would you like to walk away from your years as a student with a handsome nest egg? Or would you prefer to waste thousands of dollars on rent? Making a profit from owning Lethbridge real estate may be easier than you think and a lot more lucrative.

The first job for any potential student at Lethbridge University or College should be to sit down and work out exactly how much they expect to spend on rent during their years of study. Then work out a mortgage payment versus the cost of rent. To make this easy, we have included a Mortgage Calculator on our site and provided an example below.

Should you decide to rent, it is entirely likely that you will have to pay $450 to $550 per month for a good single room (including utilities). That means $3,600 to $4,400 a year. If you keep your room during the summer season, your annual cost would increase to anywhere from $5,000 to $6,000 (this allows for a discounted rate during summer).

Now, as a comparison, lets take the cost of a $150,000 mortgage at 2% interest, with a deposit of 10% down ($15,000), 30 year amortisation, 5 year term. The calculator shows an amount of $508 per month.

On the assumption that as a renter you would pay $500 per month (average), your mortgage payments in comparison would be about the same. However, as a home owner, you can now become a landlord and charge your room mates $500 per month. With one room mate you are living rent free, with two, you will be making a nice profit each month instead of a net loss. Rates may change and mortgage payments may rise, however, the same has to be said for rents.

So far, the situation is definitely in favour of buying rather than renting. However, the real benefits occur after graduation, when you can look forward to cashing in your Lethbridge real estate holding and picking up the profits from your property appreciation. It is generally considered that real estate prices double every 10 years. So, if you were to spend 5 years at Lethbridge University, your $150,000 property should have appreciated by about $75,000 - a very handsome profit. By comparison, you could choose to spend anywhere from $16,000 to $30,000 on rent during the same period - a very depressing loss.

Mary McLean can help: We have worked successfully with Lethbridge University students and their parents to purchase all types of Real Estate in Lethbridge. We understand what you need, we understand budget restrictions, and we know the right people to help arrange financing and smooth your way to becoming a property owner, rather than a tenant. This could be the opportunity to set yourself up for years to come.

Please give us a call. We offer a zero pressure environment, while maintaining a high level of competency and professionalism. We treat you as we would like to be treated ourselves.
 

  Buying or Selling Lethbridge Real Estate?

If you would like to sell your Lethbridge Home, or arrange a showing of any Real Estate for Sale in Lethbridge, please call Mary McLean at 403-320-6411 or contact me today. Please quote the MLS# of any listings you are interest in.

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  Lethbridge University MLS® Real Estate Listings:

Check out Lethbridge University MLS® Listings below for up-to-the minute new listings.