Parents, Students--A New Trend in Real Estate Showing Up in Collegedale, Tn.
By Gayle Balaban, E. TN Waterfront Real Estate
(The Best Spot Realty/Waterfront Real Estate/Ooltewah Real E)
There is a new trend in housing that has been showing up in Collegedale, Tennessee for a while and I see it beginning to trend elsewhere. Like the name implies, Collegedale is a college town; home to Southern Adventist University, a large religous university. University housing is spread out throughout the town of Collegedale including dormitories, graduate student housing and faculty rental units. A lot of real estate is owned by the university. Students are required to live in supervised housing until they reach a certain age, however, most of them flee immediately, upon making the cut off, to independent housing. Due to the continual influx of students and faculty, Collegedale is a terrific rental market, and many long term residents invest in real estate in the area and use it a...