Making a Choice to Rent

Posted: October 2nd, 2012 | Author: | Filed under: Uncategorized | No Comments »
 

For those right in the middle of what’s been called the “rent generation” — roughly encompassing those in their mid-20s to mid-30s-plus renting is a great option. With house and condo prices higher than ever, the idea of buying one in the heart of a city is frightening to those carrying high student debt, unnerved by the uncertainty of the post-2008 economy and facing prolonged underemployment, if not unemployment.

Buying a home or condo in close proximity to employment and amenities is becoming increasingly expensive in comparison to renting,” wrote the authors of Drivers of Apartment Living For the Twenty-First Century, a 2010 report from GWL Realty Advisors Inc. “As a result, expect more 25-45 year olds to be renters in the coming decades.”

There are, some say, also attitudinal shifts at play. The GWL Realty report notes that many young people are more interested in consuming experiences than goods, which in part involves living in areas of the city that are exciting and in apartments that are filled with apartment amenities and close to work. At a time when automakers are discovering that young people would rather spend discretionary income on technology than a car, it seems many are also content to rent than buy a home.

Of course, in a world where investments can be destroyed by opportunistic speculators and lax regulators and jobs can disappear because of technology and out-sourcing, is it any wonder that the “rent generation is skeptical about long-term commitments? As one renter says, “I’d rather collect experiences than collect things.”

For more information on apartments in Raleigh, NC contact Auston Grove Apartment Homes.

Your Home


Maybe Buying a Home is not for You

Posted: September 25th, 2012 | Author: | Filed under: Uncategorized | No Comments »
 

They say that this is a great time to buy a home. Unless you don’t want to buy one.

Luxury apartment homes are social networks and great communities, with high-end apartment amenities, in great locations that many cannot afford in homes they own.

Auston Grove luxury apartments in Raleigh that offer amenities to lure young North Carolinians who are not interested in or not ready to invest in a home.

With resident socials, pools, state-of-the-art fitness centers, billiards, and parking, many can’t get that when thinking about buying a home.

With no condo fees, no service fees, and no neighborhood allowances, apartments in Raleigh, NC owned by HHHunt are a perfect choice for those who would prefer to live luxuriously, and have fun in their down time in a community that is worth every cent.

Many renters appreciate that rent is stable and there are no fees that sometimes creep up on homeowners.

Now, luxury rentals that offer a wide range of services have caught the attention of some locals who would rather live an effortless lifestyle than own a home, which they no longer see as a profitable asset, even though home prices are low and supply is high.

"I think for a period of time, young people thought of housing as an investment but so many people got burned on it being an investment so they're thinking about shelter.  They're thinking, 'What do I want for shelter?'" said Susanne Cannon, chairwoman of DePaul's department of real estate.

A core demographic of renters now is the affluent, young professional. A lot of people are a somewhat disillusioned with the prospect of owning a home and don't see it as the surefire investment it once was. Many don’t see it as attractive to be tied down to a home for a few years.

For information in renting in Raleigh, NC, contact Auston Grove Apartments.

Excerpts – RedEye


Should You Rent or Buy in Raleigh?

Posted: September 18th, 2012 | Author: | Filed under: Uncategorized | No Comments »
 

Considering all of the volatility in the housing market in recent years, does it really make sense to own a home? Or is it better to rent an apartment in Raleigh, NC?

It used to be that the American dream included owning a home. Now the pendulum seems to have swung dramatically in the other direction. Since the housing bubble burst, some are beginning to rethink the conventional wisdom that owning a home is a good investment, even though declines in home prices have made purchasing and owning one somewhat more affordable.

Home prices and interest rates are only one consideration, as many found out during the housing market bust. Home ownership is great if are going to settle in the same place for around 10 years and can continue to afford the payments. Unfortunately, these circumstances can be unpredictable.

When deciding to buy or rent a home, financial considerations are important, but lifestyle issues should also be taken into account.

Be sure to consider everything when it comes to homeownership; benefits should be tempered by other considerations. Taking on a mortgage obligates you to live up to the terms of the loan for years, and homes typically require a significant investment in maintenance and occasional improvements. And as far as an investment, there's no guarantee you will be able to sell your property for more than what you paid for it.

Renting is a realistic starting point for most. As your savings grow and your credit score rises, you might be in a position to qualify for a mortgage and make the leap to home ownership. But choosing the right time to buy is important -- you need to feel secure that your sources of income will be there for the long run.

Lifestyle considerations. Personal traits and current life circumstances are other considerations as you assess whether to buy or rent.

Homeowners should be up to the task of maintaining their own property; from lawn work to minor home repairs. It also means being able to pay for professionals to do occasional work, including plumbers, electricians and carpenters. Renters enjoy a more maintenance-free lifestyle.

Another issue is the need for mobility. Those who are quite certain they can count on their job being in the same area can feel more comfortable making the jump to home ownership, provided they can afford it. Those who expect to be on the move for a job change or educational opportunities in the next three to five years might appreciate the relative mobility they have as a renter.

What's right for you?

There is no "one-size-fits-all" answer to the question of whether you should own or rent your home. A good starting point is to honestly answer questions such as:

Are you comfortable with your current life circumstances and income stability?

Are you disciplined in managing your expenses and paying off debts on a timely basis?

Are you fairly confident you won't be required to move to another city or area in the next five years for personal, work or education purposes?

Interested in renting in Raleigh, NC? Contact Auston Grove Apartment Homes.

NOLA.com


Should You Rent or Own?

Posted: September 11th, 2012 | Author: | Filed under: Uncategorized | No Comments »
 

Considering all of the volatility in the housing market in recent years, does it really make sense to own a home? Or is it better to rent an apartment in Raleigh, NC?

It used to be that the American dream included owning a home. Now the pendulum seems to have swung dramatically in the other direction. Since the housing bubble burst, some are beginning to rethink the conventional wisdom that owning a home is a good investment, even though declines in home prices have made purchasing and owning one somewhat more affordable.

Home prices and interest rates are only one consideration, as many found out during the housing market bust. Home ownership is great if are going to settle in the same place for around 10 years and can continue to afford the payments. Unfortunately, these circumstances can be unpredictable.

When deciding to buy or rent a home, financial considerations are important, but lifestyle issues should also be taken into account.

Be sure to consider everything when it comes to homeownership; benefits should be tempered by other considerations. Taking on a mortgage obligates you to live up to the terms of the loan for years, and homes typically require a significant investment in maintenance and occasional improvements. And as far as an investment, there's no guarantee you will be able to sell your property for more than what you paid for it.

Renting is a realistic starting point for most. As your savings grow and your credit score rises, you might be in a position to qualify for a mortgage and make the leap to home ownership. But choosing the right time to buy is important -- you need to feel secure that your sources of income will be there for the long run.

Lifestyle considerations. Personal traits and current life circumstances are other considerations as you assess whether to buy or rent.

Homeowners should be up to the task of maintaining their own property; from lawn work to minor home repairs. It also means being able to pay for professionals to do occasional work, including plumbers, electricians and carpenters. Renters enjoy a more maintenance-free lifestyle.

Another issue is the need for mobility. Those who are quite certain they can count on their job being in the same area can feel more comfortable making the jump to home ownership, provided they can afford it. Those who expect to be on the move for a job change or educational opportunities in the next three to five years might appreciate the relative mobility they have as a renter.

What's right for you?

There is no "one-size-fits-all" answer to the question of whether you should own or rent your home. A good starting point is to honestly answer questions such as:

Are you comfortable with your current life circumstances and income stability?

Are you disciplined in managing your expenses and paying off debts on a timely basis?

Are you fairly confident you won't be required to move to another city or area in the next five years for personal, work or education purposes?

Interested in renting in Raleigh, NC? Contact Auston Grove Apartment Homes.

NOLA.com


Free Movie Night

Posted: September 4th, 2012 | Author: | Filed under: Uncategorized | No Comments »
 

If you live in an apartment in Raleigh, NC and you are looking for something different to do while enjoying the nice evening weather, we have a great idea.

Enjoy a free movie night in Knightdale, NC on September 7th from 6-11pm at the Knightdale Recreation Center. The best part, it is free, so you can just go and enjoy.

Knightdale Parks and Recreation along with The Total Connection is happy to again offer another outdoor movie night.  Local vendors, dance companies, and other entertainment will be there!  The movie will begin at dusk, so make sure to bring yard chairs and blankets.  If the weather is uncooperative, then it will be movedinside the Knightdale Recreation Center.