Why You Should Actually Consider Buying A House In College

Why You Should Actually Consider Buying A House In College

It's Not As Crazy As It Sounds

Between choosing your major, studying, taking exams and, of course, socializing, it may seem as though you don’t have time for much else in college. You should allow yourself to indulge in the university lifestyle — these are the best four years of your life, after all, and you should remember them accordingly.

However, just because you’re a student doesn’t mean you can’t be a responsible adult, too. This is especially true in the realm of saving and investing. While your classmates are working hard for the weekend, you can be strategically saving — and even buying — in order to set yourself up for a secure financial future.

One of the best ways to do it? Buy a house while you’re in college. That might seem like a big ask for a college student, but it’s possible — and a really smart idea. Here’s why you should consider it and how to do it right.

Why to Buy

There are many great reasons to buy a house, even if you’re a struggling student. Consider these facts:

  • You’ll Build Equity
  • You Could Make It a Rental Property
  • There Are Tax Benefits
  • You Can Make the Space Your Own

This is the go-to when one is looking for reasons to buy: Your monthly mortgage payments help you build equity. A percentage of what you pay will go toward your home loan’s interest, but the rest will pay your loan’s principal, the amount you actually borrowed. Each dollar you pay toward the principal is one dollar of equity, or ownership, of the property you bought.

Even better, you can add more equity over time if you make improvements to your property. Down the line, you can also take another loan out based on the equity you’ve built up, though you’ll have to wait until you’ve paid 20 percent of your principal.

You bought a home near your college, but you may not live there forever. However, purchasing a property near a university means you’ll have a robust rental market coming in each year, and you probably won’t have trouble finding tenants year in and year out.

Even while you’re in school — and living in your home — you can make some rental income. If your property has more than one bedroom, find a roommate or roommates to move in and help pay your mortgage.

Renters don’t receive any of the tax breaks that homeowners do, and this is especially true when it comes to tax breaks on owner-occupied properties. The biggest tax breaks for homeowners come from deducting state taxes on your primary residence, as well as the mortgage interest you’ve paid. The latter can equal tens of thousands of dollars per year, which is clearly a huge amount.

Each state’s tax scheme is different as well. Be sure to research the area in which you want to buy to find out if there are any more tax benefits for property owners — chances are, there are plenty.

Renting typically means you have to tread lightly in order to get your deposit back: no painting, no hanging pictures on the wall, no knocking down and replacing an old kitchen or bathroom. These rules tend to be even stricter for university students who rent, since co-eds — and their over-the-top parties — have a notorious reputation for damage to property.

Once you have your own place, though, you can customize it to your taste. You can also host social gatherings without breaking the terms of your lease since you’re your own landlord.

How to Do It Right

Think it’ll be hard to buy a home? Don’t worry — there are ways to do it without busting your budget.

  • Save, Save, Save
  • Buy a Fixer-Upper
  • Don’t Go Too Big

Chances are, you already know you need cash in order to buy a home. The more money you can put down at the start, the better: The higher your down payment is, the lower your monthly mortgage payments will be.

Saving for a house in the midst of your studies will be tough, but create a financial plan for yourself in order to make it a reality. Calculate how much of your income will have to go to rent, transportation, bills, books, etc. Then, promise yourself that whatever’s left over will go into your buy-a-house fund. Put it in a savings account and don’t touch it until you’re ready to use it for your big purchase.

Millenials often overlook the possibility of buying a fixer-upper, but don’t shy away from the challenge of an older or otherwise outdated home. Not only will the home appreciate in value with all your updates, but a completely blank slate will also allow you to customize everything to your tastes, making the space look and feel like home.

Your updates don’t have to be over-the-top expensive, either, if you or someone you know is handy with home updates. Some projects are best left to the professionals, though, so choose wisely. For example, your new home’s garage door might not open and close with a push of the remote control. You could try replacing the remote’s batteries to see if that was the problem. Beyond that, though, a professional could probably assess and fix the problem better.

The biggest mistake today’s young buyers are making is that they’re buying forever homes right off of the bat. Rather than considering more budget-friendly options that may need a little love, most millenials spring for extra-large, top-of-the-line properties. Of course, there’s nothing wrong with buying a home like this if you can afford it, but some buyers fail to explore all options and end up getting a bad deal in the long run.

We already mentioned that a fixer-upper often appreciates in value as you make changes, thus giving you a nice return on investment when you’re ready to move into something larger or more modern. A completely new build with all modern updates will lose value as soon as you move in because it’s already top-of-the-line and in perfect condition. Selling a lived-in property like this means you could lose on your bottom line.

No Matter What, You’re Ahead of the Game

You may only be in college, but one thing is for sure: You’re ahead of the game by even considering the idea of buying your first home while you’re pursuing your degree. If you do end up buying a property, then you’re well on your way to a secure financial future in a place you love now — and will love even more when it starts feeling like home.

Cover Image Credit: Scott Webb

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When You Make A Girl An Aunt, You Change Her World In All The Best Ways

When you make a girl an aunt, you make her the happiest girl in the world.


My brother and his wife recently blessed our family with the sweetest bundle of joy on planet earth. OK, I may be a little bias but I believe it to be completely true. I have never been baby crazy, but this sweet-cheeked angel is the only exception. I am at an age where I do not want children yet, but being able to love on my nephew like he is my own is so satisfying.

When you make a girl an aunt, you make her a very protective person.

From making sure the car seat is strapped in properly before every trip, to watching baby boy breathe while he sleeps, you'll never meet someone, besides mommy and daddy of course, who is more concerned with the safety of that little person than me.

When you make a girl an aunt, you give her a miniature best friend.

There is something about an aunt that is so fun. An aunt is a person you go to when you think you're in trouble or when you want something mom and dad said you couldn't have. An aunt is someone who takes you to get ice cream and play in the park to cool down after having a temper tantrum. I can't wait to be the one he runs to.

When you make a girl an aunt, she gets to skip on the difficulty of disciplining.

Being an aunt means you get to be fun. Not to say I wouldn't correct my nephew if he were behaving poorly, but for the most part, I get to giggle and play and leave the hard stuff for my brother.

When you make a girl an aunt, you give her the best listening ears.

As of right now I only listen to the sweet coos and hungry cries but I am fully prepared to listen to all the problems in his life in the future.

When you make a girl an aunt, you make her the best advice giver.

By the time my nephew needs advice, hopefully, I will have all of my life lessons perfected into relatable stories.

When you make a girl an aunt, you make her a number-one fan

Anything you do in life sweet boy, I will be cheering you on. I already know you are going to do great things.

When you make a girl an aunt, she learns what true love is.

The love I have for my nephew is so pure. Its the love that is just there. I don't have to choose to show love every day, I don't have to forgive, I don't have to worry if it is reciprocated, it is just there.

When you make a girl an aunt, you make her the happiest person in the world.

I cannot wait to watch my precious nephew grow into the amazing person that I know he is going to be.

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I Wonder If You'd Be Proud of Me

Or if you even think of me at all.


I wonder if you'd be proud of me.

My first thought when I wake up in the morning is whether or not you still think of me. I think about if I am wearing the right outfit if I were to see you that day. I think about if I am saying the right thing for you to want to want me again.

Throughout my day, I think about whether or not you're happy. I wonder if the feeling in my heart of missing who I thought you were is making its way to you. Sometimes I think about what I did to make you hate me as much as you do.

Sometimes when things get really hard, I think about picking up the phone to call you. Time keeps passing from the last time I saw you and during that time I've painted a picture of you that would probably only disappoint me in the end. Your phone number still sits in my phone and I go to your contact, wanting to call, but knowing that at the other end is not the person I used to know.

I wonder if you watch me. I wonder if the posts I make, pictures I post, and articles I write are viewed by you and whether or not you care to even search my name. I wonder if you ask people about me or if you care to know the person I am today.

Without you, I have changed. It has been two years and though time will only continue moving on without you, I wonder what would have happened if I didn't make the choices I made to make you react in the way you have.

When the sun shines bright on the flowers blooming around campus, I think of your jokes and sarcastic wit. When the rain pours from the sky and keeps me imprisoned within the walls of a building, I think of ways I felt imprisoned by you. When clouds form shapes in the sky that I can make stories out of, I think of the way life could've been.

Sometimes I write to you. They are the letters I can never send because I have to remind myself that though we knew each other once, you do not know me anymore. The picture in my mind of who you are now is someone who'd love me with open arms, but I know that there's no truth in that. It's only my wishful thinking out to break my heart once more.

I wonder if you hear me when I try talking to you. I wonder if the words I tell God are making their way to you as you go on living the life we always talked about when times get tough. I wonder if you're talking to God about me.

As I watch the sunset, I think about the last moment I was with you. As that chapter ended, I was only wishfully thinking that walking away would save me from further pain. In the end, I don't know about how life would've been different had it not happened.

When my picture of you gets too bright and I share it with others, I am reminded of reality. The screaming, crying, pushing, shoving, and hitting touches my skin once more in the form of flashbacks that push me further down into the depths of a depression. I am reminded of the hundreds of suicidal thoughts and letters that I've written once before.

No matter what, my heart still yearns for a hug. A hug where I can bury myself into your body and feel safe. A hug where I forget every worry in my mind and focus solely on the love.

I wonder if you'd still love me if I changed myself to be the person you've always wanted me to be. I wonder if you'd forgive me for walking away, even if it was for me to change to be a better person. I wonder if you'll ever even read this.

Days like today, I want to go back in time. I sit on the benches around campus and look up at the sky, down at the cars passing by, and listen to life move on all around me as I remain stuck. I hear people talking, see them laughing, and wonder if there's any way I could one day feel as alive as they do.

The truth is that I was never enough for you. No matter how much I changed, kept notes of what you liked so I could be like that, or just kept my head down and moved silently, nothing was ever enough.

No matter what, though, I still yearn to be loved in the way that I picture you should've loved me. Closure does not exist. You were the ones who were supposed to hold me down. But now I am nothing to you...I was always nothing to you.

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