Have a student who will be attending the University of Central Florida? Then, no doubt you have been studying the costs of housing and meal plans! It can be mind blowing. I took a quick look at the annual housing rates on a 4/2 unit and added the cost of a meal plan (Knight’s Plan) and it looks like many of you will pay $1138.35 per month — amazing! And that is money that won’t be yielding any return on the investment — unless you hope your kid will support you some day!!
Now, consider this…purchasing a 3/2.5 townhome within 15 minutes commute of UCF in the sought-after Avalon Park area, with 10% down and with the monthly mortgage split 3 ways (your kid and 2 roommates), the monthly P&I could be covered for as little as $500/month per person plus food. Does your kid eat more than $600/month in food? If not, this might be a great alternative for you to explore! Save money, build equity, create a unique environment for your child. Hmmm…
Visit Debra Horowitz Online at http://www.neighborhoodsofeastorlando.com