Halifax Students buying houses instead of renting.

Mike Smith, Realtor

Family First Realty

902.209.6745

Are you a student in the HRM area? Have you thought of buying a house or condo to live in while you are here? Click on the thumbnail above to read the whole story. This is a great article from canada.com.

Here is some of the logic behind buying a house:

"One bedroom with a shared kitchen can easily generate $500 per month in rent. Multiply by three bedrooms and you've got $1,500 in rental income for that house. The price of a four-bedroom house can run from $250,000 to $400,000, but based on 20% down, the mortgage on a $300,000 home, for example, could be carried from the rent alone (based on today's interest rates and a 25-year amortization schedule)."

Give me a call now and I would be happy to find you a place.

Halifax Students buying houses instead of renting.