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Buying a Home for Your SCAD Student: A Smart Solution to Savannah's Housing Crunch

Buying a Home for Your SCAD Student: A Smart Solution to Savannah's Housing Crunch

Is Buying a Home for Your SCAD Student a Smart Move?

With SCAD’s recent policy update, prioritizing on-campus housing for freshmen and sophomores, many upperclassmen are now left to seek alternative housing arrangements. While Savannah is a vibrant, welcoming city, the competition for off-campus housing is intensifying. For many parents, buying a home for their SCAD student—and possibly renting rooms to other students—could be the perfect solution.

Why Buying a Home for Your SCAD Student Makes Sense

In addition to easing housing concerns, owning property near SCAD can be a savvy investment. The real estate market in historic Savannah is stable and continues to appreciate. By purchasing a home for your student, you’re meeting their housing needs and potentially generating rental income from other SCAD students who also need a place to stay.

Let’s explore some key benefits of this strategy:

  1. Rental Income Potential
    By renting out extra rooms, your SCAD student can help cover mortgage payments, utilities, and other expenses, giving them valuable financial experience and independence. Plus, as demand for SCAD off-campus housing rises, the market for room rentals is strong, making it easier to find reliable tenants.

  2. Increased Stability and Security
    Owning a home means you control the living environment. Unlike in crowded student apartment complexes, your student and their housemates will have greater privacy and security in a dedicated space they can call their own.

  3. Long-Term Investment in a Growing Market
    Savannah’s real estate market is not only resilient but historically strong, especially in neighborhoods near SCAD’s downtown campus. As SCAD continues to grow and attract talent from around the world, property values are expected to appreciate, adding a long-term financial incentive to this arrangement.

Important Considerations

Before making a purchase, there are a few things to keep in mind to ensure you and your student get the most out of this opportunity:

  • Location: Proximity to SCAD’s main buildings can make a property especially desirable for student renters. Many areas in Savannah’s historic district offer charm, convenience, and character.

  • Zoning Laws and HOA Restrictions: Some neighborhoods may have restrictions on rentals or require owner occupancy, so it’s essential to check these regulations before committing to a property.

  • Property Management: If you’re based outside of Savannah, managing the home might require extra help. Hiring a local property manager or enlisting your student to oversee basic maintenance can help keep things running smoothly.

A Win-Win for SCAD Parents and Students

Savannah’s rich history and vibrant art scene make it an incredible place for students and young professionals alike. Buying a home here doesn’t just resolve housing challenges; it creates lasting memories and an opportunity to be a part of the city’s exciting growth.

With so many benefits, why not consider investing in a home that meets your SCAD student’s housing needs—and opens the door to future opportunities?

Work With Dave

I have the unique experience and credentials to effectively and efficiently help my clients successfully execute all of their real estate goals.

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