University of British Columbia Okangan Condo Buyers Guide
By Mark Walker, Kelowna Condo Specialist
(RE/MAX Kelowna)
Buying a condo for your child's university years can be a great real estate investment, especially for students attending Universities like UBCO, where off-campus housing is very hard to find. This guide covers some things you should consider when purchasing a condo near the University of British Columbia Okanagan Campus. Determine Your Financial Capability Budgeting: When budgeting, compare the costs between renting and owning. Make sure to include costs such as condo fees, property taxes, insurance, and maintenance. If you have more than one bedroom, you can add 1000-1200 per month income to your budget if you plan to rent out a room. Mortgage Pre-Approval: Prior to looking at condos, get a mortgage pre-approval to know what your payments will be. Investment Consideration: Think abou...
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