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MAY 2021         VOL.  2021.10
Congratulations Graduates!
 

Is it smart to buy property for your college student to live in during college years?

Tuition, books, meals, housing… the cost of college adds up faster than it even seems possible. Many parents are left wondering if the idea of also buying a house for their student to live in, on top of all those expenses is sheer insanity. But is it? Buying a property for your kid to use could actually have some benefits – and might not only save you some money along the way, but possibly even turn a profit.

On-campus housing runs $12,200+ annually for private 4-year colleges.  What if you put that $10,000-$14,000 towards buying a condo or single-family home and allowed your student to live there with roommates? There are a lot of things to think about, but it might be just the ticket to help gain control of at least some of the costs of college.
3 Major Pros of Owning vs. Renting

Financial. Buying a home  can significantly lower the monthly financial burden, especially if the property has room for multiple roommates paying monthly rent.
Stability. Owning a home for your student can eliminate the need to find a new place and move every year – and cut down on storage costs over the summer and deposits every fall.
Appreciation is another potential benefit. It is nice to think that you could have a tidy profit after graduation, rather than debt!
Tax savings. You may be able to enjoy a tax write off on a second home or it may qualify as an actual rental property. (talk to your tax accountant)

If you would like more information about acquiring a property for you graduate, contact one of our agents. We have a number of agents who deal with investment properties on a regular basis and who have a portfolio of investment properties their-selves, who are willing to share their knowledge to help guide you towards a great investment!
Learn More
MARKET STATS
APRIL 2021 MARKET STATS
Sedgwick County Home Sales Rose in April
Total home sales rose by 17.7% last month to 724 units, compared to 615 units in April 2020. Total sales volume was $163.9 million, up 44.0% from a year earlier. The median sale price in April was $195,375, up from $175,000 a year earlier. Homes that sold in April were typically on the market for 3 days and sold for 100.0% of their list prices.
Sedgwick County Active Listings Down at End of April
The total number of active listings at the end of April was 464 units, down from 1,008 at the same point in 2020. This represents a 0.6 months' supply of homes available for sale. The median list price of homes on the market at the end of April was $265,000. During April, a total of 814 contracts were written up from 683 in April 2020. At the end of the month, there were 1,276 contracts pending, compared to 1,026 at the end of April 2020.

 
VIEW FULL MARKET STATS

TCG HOT TIP

What is Earnest Money? How much should you put down? Our agent Katie Brown explains! WATCH MORE VIDEOS

Earnest Money

OPEN HOUSE SUNDAY

Check out this week's open houses!
View all open houses in Wichita and surrounding towns.
Find one you like? Give us a call for more details or to view it in advance.
316-634-6767

SEARCH FOR PROPERTIES

Looking for something specific? Shop all properties in Sedgwick and Butler County. Narrow your search by newest, price range, zip code and more.
Want to be in-the-know about upcoming listings? Email us to be added to the list!
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TCG FAVORITE RECIPES

Memorial Weekend is just around the corner. We are sharing two unique recipes that will be a hit at any gathering!

Grilled Maple Sriracha Chicken Kebobs

Directions:

  1. Place cubed chicken breasts in a large resealable plastic bag. Whisk together soy sauce, maple syrup, and sriracha sauce.
    Pour over the top of the chicken and massage into the chicken.
    Marinate for at least 4 hours in the refrigerator.
  2. Once chicken is done marinating, soak wooden skewers in water for 10 minutes. Then skewer the chicken pieces on to the skewer. We had about 6 skewers with maybe 6-7 pieces of chicken on each skewer.
  3. Turn your outdoor grill on high (or you can use an indoor grill or your stove-top) and grill chicken until thoroughly cooked through.
Ingredients
  • 4 plum tomatoes, halved lengthwise
  • Extra-virgin olive oil, for brushing
  • 2 pounds seedless watermelon—rind removed, flesh cut into 1/2-inch dice
  • 1 English cucumber—halved, seeded and cut into 1/2-inch dice
  • 3 tablespoons fresh lime juice
  • 1/2 teaspoon crushed red pepper
  • 1/2 cup chopped cilantro
  • Kosher salt
 

How to Make It

  • Step 1

    Light a grill or preheat a grill pan; oil the grill grate. Brush the tomatoes with olive oil and grill cut side down over high heat until charred, about 4 minutes. Transfer to a plate and let cool completely. Cut the tomatoes into 1/2-inch dice.

  • Step 2

    In a large bowl, toss the tomatoes with the watermelon, cucumber, lime juice and crushed red pepper. Stir in the cilantro, season with salt and serve at once

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