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You are a student on a limited budget, but you still want to live comfortably. So do you sacrifice space to live in an affordable studio, or do you blow all of your money living in a luxurious condo?
Think about the market in the place where you live. For example, Atlanta apartments are generally cheaper than San Francisco apartments. So maybe if you are looking at Atlanta apartments, it would be a good idea to splurge and get a nice condo. However, if you live in a more expensive city, and being in a nice neighborhood is important to you, maybe a studio would be a better fit. As they say, the thee most important things in real estate are location, location, location! You can get a better location for your budget if you get a smaller place.
Think about your own personal everyday needs. If you are taking online classes you don’t need to get a place that is close to campus, so you can be more flexible about location. A condo that is in an accessible location in a college town will be very expensive, but if you don’t need to worry about being close to campus, you can get an equally luxurious condo with a pool and all of the amenities in a different part of town. Who cares if the only thing near you is a freeway exit when you can do all of your studying by the poolside? Also, if you are looking to buy, a condo is a great real estate investment. It all comes down to your own personal needs and preferences.