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Saturday, May 16, 2009

ASU Students - Consider Condos in Tempe

Tempe, Arizona, is a great place to live, especially if you are an ASU student. One of the best options for a student is to buy a condo in Tempe. Condos, like most real estate, usually appreciate in value over time. Short term market fluctuations may affect the price, but over the years homes tend to increase in value.

By contrast money paid in rent is simply money down the drain. It's purely an expense. Living in the ASU dorms is even more expensive. Students who are serious about their future should look at Tempe condos when considering their living arrangements. There are some FHA programs that require little money down. There is also something called Kiddie Condo Loans which allow parents to help their children with the purchase. 

Condos offer a number of advantages outside of the purely financial considerations. Like an apartment, the grounds are kept up by the association. Most complexes have swimming pools and other amenities. But unlike apartments, the residents are usually more stable. Because they have a financial interest and a personal interest in the complex, it's usually a more pleasant and productive place to live. 

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