College living: the pitfalls of buying property for your children

Is it possible for parents to buy a property near their children’s college and later sell it at a profit?

Over the course of the four years needed for a typical degree, parents could expect to spend €35,200.

Over the course of the four years needed for a typical degree, parents could expect to spend €35,200.

With rents skyrocketing and the costs associated with third-level education going much the same way, it is hardly a surprise when parents look at ways to save money and cut costs.

One of the big – if not the biggest – costs many will face in the years ahead is accommodation, and children attending college away from home can look forward to spending many thousands of euro each year on putting a roof over their heads. Or at least their parents can.

The Irish Times
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