Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610
Call: 866-220-3907 Email UsAustonGrove001@myLTSMail.com View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250

Apartments Raleigh NC Blog

Finding the Ideal Place to Retire – Raleigh, NC

Finding the Ideal Place to Retire – Raleigh, NC

Joseph Coupal - Wednesday, October 26, 2016

Once you retire, you're free to head to the beach or golf course. In some cases, you can even dramatically reduce your cost of living or improve your quality of life with a single move. But you want to make sure that a retirement spot will continue to meet your needs as you age. Here are 10 tips for finding your ideal retirement spot:

Seek lower costs. If you can sell your house in an expensive city and move to a place where housing costs significantly less, you can use that influx of cash to help fund your retirement years. If the cost of living is lower, it can certainly let your retirement nest egg last a little longer.

Look for great amenities. Think about how you want to spend your retirement years, and make sure your retirement spot has the resources to allow you to do that. Look for golf courses, pools, fitness centers, parks or other amenities you would like to use. If you want to be pursuing your education, you might be looking for a college or other learning venues. If there are travel options you want to pursue, you are going to need to be near an airport or a train station.

Health care options are essential. Make sure any community you are considering has adequate medical facilities and doctors that are taking on new patients. If you have any ongoing medical condition, or propensity for a specific illness runs in your family, it can be useful to retire near medical professionals who specialize in treating it.

Calculate the tax impact. Taxes vary considerably by state, and you can often reduce your costs considerably by moving to a low-tax place. Take a look at how the state taxes pensions, Social Security and earned income, and also consider the sales tax, property tax and any special tax perks available for senior citizens. It's also important to realize that taxes pay for services, and there may be less help available to senior citizens in low-tax areas.

Aim for proximity to family and friends. Many people want to retire near their children and grandchildren. Family and friends can enrich your life in retirement and provide significant (and often free) help when you need it most. "If somebody has lived in the same place their whole life and that's where their social network is and where the people they depend on are, then it's much harder to pick up and build a new network of support where you don't know anybody and you have to start from scratch. If you do move to a new community away from your support system, you will need to create a new circle of friends. An activity like golf or bridge will get [you] into another social network.

Job opportunities. Americans are increasingly planning to work during the traditional retirement years. If a retirement career is part of your plan, you may want to line up a job opportunity before you make a move. A place that will enable you to do what you want to do with your post-retirement work career is very important. Some people have very portable skills where they could practice anywhere, while some people are more place-dependent.

Transportation options. Many seniors reach a point when they can't or no longer want to drive. Some cities have public transportation systems that give discounts or are even free for senior citizens, or low-cost van or cab services that will help seniors get to doctor's appointments.

Better weather. Some people seek retirement spots with warm weather so they can avoid winter, but you might find that you miss the change of seasons or that warm weather comes with its own challenges.

Test it out first. One way to be more certain that a retirement spot will be a good fit is to test it out by renting. When you first move to a place, it might seem wonderful, but once you have tried living in it, you might find that it doesn't really suit your needs. There's nothing like actually living in a place to know all its little eccentricities and ins and outs.

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

#HowYouLive
money.usnews.com


Raleigh, NC: A City Where Your Paycheck Stretches Farthest

Raleigh, NC: A City Where Your Paycheck Stretches Farthest

Joseph Coupal - Tuesday, October 18, 2016

Interested in making sure that a large portion of the money you make stays with you and isn’t lost to cost of living? You might want to look into moving to a city like Raleigh, NC, which came in number 25 on the list of 25 Cities Where Your Paycheck Stretches the Farthest.

Stretching your paycheck is a major concern for many looking to live in a cosmopolitan urban sprawl. To showcase cities where paychecks make up a bigger portion of median home costs (usually the largest expense folks have to deal with in their lives), jobs and salary information site, Glassdoor.com, released a study of the most economical cities to live in.

25. Raleigh, NC
Cost of Living Ratio: 30%
Median Base Salary: $62,000

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

#HowYouLive
Forbes


Raleigh, NC: A Great Place to Rent!

Raleigh, NC: A Great Place to Rent!

Joseph Coupal - Tuesday, October 11, 2016

If you’re looking to move someplace adventurous but aren’t quite ready to settle down and buy a house, then it’s time to choose a great new city where apartment rent happens to be cheap.

And whoa, do we have a some stellar options for you.

Real estate site Housely recently did some research on large U.S. cities (aka cities with more than 200,000 residents) with the cheapest apartment rents. They used data from search engine RentJungle, which updates a database of more than 700,000 listings daily to draw conclusions about rental trends over time.

The Housely findings reveal good news: Many of our favorite under-the-radar cities to visit are also incredibly affordable to live in (Hellooo, Richmond), along with some unexpected picks that are spectacular, too (Hey Las Vegas!).  If you feel like making a move, then it just may be time to make one of these cities your new home. Check out Housely’s 10 big cities with low rent below:

Raleigh, NC
Average rent for one-bedroom apartments: $915
Average rent for two-bedroom apartments: $1,113

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

#HowYouLive

huffingtonpost.com


Is the American Dream Really an Illusion? - Raleigh, NC

Is the American Dream Really an Illusion? - Raleigh, NC

Joseph Coupal - Tuesday, October 04, 2016

There is a great illusion when it comes to real estate. This illusion is that owning your home is an investment.

  • When you own real estate and use it to generate monthly income…it is an investment.
  • When you buy real estate and develop it to sell for a profit…it is an investment.
  • When you buy real estate to live in…it not an investment. It is a personal expense.

Where did this idea come from that every American should own their home?

Actually it is possible that Fannie Mae came up with the “American Dream” idea as part of a marketing campaign that everyone should own their own home. Great idea on their part if they really did come up with it

Should I Rent or Buy a Home?

Most people believe that owning a home should be considered an investment. Some go as far to become “house poor” so that they can leverage themselves into a bigger home. This does not seem wise.

There is also a social stigma to being an renter vs. an owner. If you are an owner, you are perceived as being more well off. But are you?

You need to know whether it is cheaper to rent or own in each U.S. city. It is not as clear cut as you might think. It is not always cheaper to own than rent. There are a number of variables to consider, many of which are not often discussed

Regardless of whether you are looking to rent or buy a home then there are a number of factors that you should consider. Here are a few considerations to look at.

Pros and Cons of Whether to Rent or Own a Home

The best way to look at this question of whether to rent or buy a home, is to look at the positive aspects, negative aspects, figure out what is important to you, and then run the numbers to see which is the more financially responsible approach.

What are the positive aspects of buying a home?

  • Sense of ownership: Most people who own their home appreciate the ability to do what they want to their home.
  • Sense of accomplishment: Keeping up with the Joneses is subconsciously important to many people. Being a homeowner brings with it a level of cache and respect with your peers.
  • Capital appreciation:  Home prices have gone up substantially over the past 60+ years. They have been a great hedge against inflation.
  • More choices: While it would be nice to think that you can find any home you want whether you are renting or buying, it just isn’t the case. There are more homes for sale than there are for rent when it comes to single family homes.
What are the negative aspects of buying a house?
  • Illiquidity: A house is an illiquid asset. This means that if you want to sell it, it could take you a month or more than a year to sell it. If you have to relocate to another area, this can make it a bit of a challenge for you. You may even have to heavily discount your asking price to move it quickly.
  • Prices don’t always go up: As we saw in 2007–2010, home prices don’t always go up. When you are buying an expensive asset with leverage, you better hope that prices continue to go up. Otherwise you might be “underwater” on your home equity.
  • Large down payment: It will require a large down payment to buy a home. Not everyone has enough capital to put down a 20% down payment.
  • Costs of ownership: While many people calculate the costs of ownership as mortgage payments, taxes, and insurance, they typically miss a few other items that can add up. Things such as: maintenance costs, landscaping, furnishings, HOA fees, and renovation costs. I will discuss these in the next post of this series.
  • Being “house poor”: Many homeowners stretch financially to buy a house. This puts them in a dangerous position if their financial situation suddenly changes.

What are the positive aspects of renting a home?

  • Mobility: You have the freedom to move anytime you want. While your lease agreement will dictate the terms of your moving out, if you need to relocate you can do it on a short notice.
  • No maintenance costs: Owning a home costs money. The periodic maintenance can be expensive. The house may need to have a new exterior siding, new roof, other other expensive replacements. As a renter you will not be responsible for these costs.
  • Monthly costs: While it will depend on where you live and how much the house costs, but in many cases it is cheaper to rent than to own.
  • No down payment needed: Owning a home requires a down payment; renting does not.

What are the negative aspects of renting a home?

  • Fewer choices: The choices are more narrow for renters.
  • Inflexible ability to “make it yours”: Most landlords do not want the renters to do renovations. This can restrict your ability to fully enjoy your home or make it feel like it is yours.
  • No capital appreciation: If you rent a home for 20 years you will miss out on the potential capital appreciation of the property. This is not a guarantee that appreciation will happen, but if history is a guide then you should consider this.

How Can You Decide?

The best way to decide is to consider each one of these above pros and cons of whether to own or rent a home. How important is it that you have a feeling of ownership, or to make changes to the house? Do you think the prices of real estate are going up or down? What will happen with inflation? These are important questions.

For more information on renting an apartment in Raleigh, NC contact Auston Grove.

#HowYouLive
investopedia.com



Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610

Call: 866-220-3907
Email UsAustonGrove001@myLTSMail.com
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250