Steven Carter 303-441-5613 Email Steven
Purchase a Property While Your Child Attends CU Boulder's Off-Campus Housing Sales Expert

Purchasing A Property Near CU Makes Financial Sense


Why rent?  Purchase a condo or house and rent out additional bedrooms to your child's friends.  It works very well. My name is Steven Carter.  I am a 25+ year real estate expert with RE/MAX of Boulder and the market leader in parent/student real estate purchases near CU.

I have created this web site specifically for University of Colorado parents that would like to explore the opportunities to purchase housing for their child instead of paying rent for the 3-4 years the child is attending CU.

You will soon be faced with the decision to rent off-campus for your child.  Properties near CU currently rent for $800 to $1,400 per bedroom, plus utilities.  Leases are 1-year in length and typically go from August 1st to July 31.  Over a 3 year term, your out of pocket rent expense will be ($28,800) to ($50,400), not including the $25-$100 rent increases each year.

Most parents begin to consider purchasing a property instead of renting when their child calls and says:  "We found a great place for rent.  We need to sign a lease right now or it will be gone.  My portion will be $1,200 per month and the security deposit is $1,800."  The parent's typical response is:  "Wow, $1,200 a month for rent!  We could buy a place for that."        

You are correct! 

By purchasing a property near CU and renting to one or more roommates, your cost will be much less than renting.  If you can purchase with cash, your child will live rent free and you will have a positive cash flow each month. 

If you can't purchase with cash, you can obtain a low interest rate loan with 20-25% down payment and the rent paid by the roommates will substantially lower your monthly housing cost.

The Bonus:  Market Apprecitation!

With current market appreciation, it is very possible to pay for some or all of the child's tuition costs of attending the University of Colorado after 3 and 4 years. 

Here is an example of what market appreciation can do using a $350,000 condo purchase:

5% Annual Appreciation 350,000 367,500 385,875 405,169 425,427
           
10% Annual Appreciation 350,000 385,000 423,500 465,850 512,435
           
15% Annual Appreciation 350,000 402,500 462,875 532,306 612,152

 

Please call or email me to discuss your needs or to answer any questions.  I am happy to provide examples of what the numbers would look like given a certain price range or distance from campus.

Contact Me At:

Steven Carter, MBA, ABR, CRS, GRI
​RE/MAX of Boulder
​2425 Canyon Blvd. #110

Boulder, CO 80302
303-441-5613 Direct Office
303-931-4812 Cell/Text

Scarter@remax.net

 

Steve,

Jason and I can’t thank you enough for your assistance.  You have gone above and beyond to make this purchase happen, and we appreciate your continual willingness to share your knowledge and experience with us – as well as your patience as we navigated the process.  You’ve been a tremendous resource.

Aline
(Delaware)

 

Mr. Carter,

4 years ago you recommended that we purchase a property in Gold Run.  We couldn't be happier!  You helped us purchase it at a great price and now you have sold it quickly and without any complications.  We are so pleased.  Our son was able to live in a fantastic property and the proceeds from the sale (over $100k) will be used to help him purchase a house in the future.

We were so blessed to find you.

John and Pam (California)

 

**www.CU-BoulderHousing is not affiliated with the University of Colorado. It servers the parents and students in their need to find off-campus housing after their freshman year.

 

 

 


PROPERTY OPTIONS



Curent Listings:

SOLD: 1,300 Sq. Ft. 2 Bed,
2.5 Bath. Updated.
Room to add an additional room.
Parking for 3 Cars
Full Health Club
 

 

 

1,357 Sq. Ft. 2 Bed, 1.5 Bath,
8th Floor. Huge Livingroom.
Potential to easily add a 3rd
bedroom and additional shower.
East City Views!

Security Building, Indoor Pool,
Hot Tub, Steam, Sauna, and
Game Room. 1 covered 
parking space and additional
guest parking.

Rent Potential: $3,000+/mo.
Very Central Location just 2
blocks away on Folsom.
Price: $489,900.

 

Coming Soon!

Best of CU!

University Hill
Updated 5 bedroom 
home on 12th Street
$1,300,000.

 

2,100 Sq. Ft. 4 Level
4 Bedroom, 3 Full Baths
Only 4 years old!
Top Quality
Granite, Stainless, Hardwood
2 Blocks to CU
1 Garage + 2 Spaces
Rent Potential: $4,800/mo.
$800,000

 

Approximate Cost of Properties Near CU:

1 Bedroom Condo. $225,000 to $350,000.

2 Bedroom Condo.  $375,000 to $550,000.

3-4 Bedroom Condo.  $500,000 to $900,000.

Single Family Home. $600,000 to $1m+

Financing:

Owner occupant financing can be had on most of these propeties with 10-20% down.  2nd home financing is a good idea if you live out of town.  If the property is currently leased, then you may be required to get investor financing which typically has a 25% down payment requirement.  FHA 3.5% down has become difficult to find near CU. Home Equity loans are also quite commonly done.

Being the CU housing specialist, I am often see properties before they hit the MLS or internet. 

I can have new listings sent to your email as listing come available.

Clients that have hired Steven Carter as their Buyer's Agent (Free of Charge) receive priority status for all new upcoming listings.

 

 

 
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