Invest in housing for your student child.

Time flies and your child will be a student by next fall. You are probably thinking about the money that will be spent in the next few years. Moreover, you do not live close to the university where he will be attending university in the next 3-5 years, so he will leave the family home.

Here are some of the benefits of investing in housing for your student child.

- Once its studies have been completed (approximately 3 or 5 years), you could rent the appartment and pay easily the mortgage and then enjoy it during your retirement.
Studios and apartments with 1 and 2 bedrooms close to public transport are very easy to rent.

- Buy a condo for resale with added value.
In the student cities, you will find, most of the time, neighborhoods in which the condos still take a lot of value.

If your child is handy enough, you might want to consider buying a duplex so that the other rented unit can help you pay off the mortgage.

- If you have several children who will be students next year, the housing budget of all will probably be higher than your mortgage payments during the period of their university programme.

- A nice gift for your child and a springboard to start his/her adult life, showing how proud you are of him.