Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610
Call: 833-779-8856 Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info View Map

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

$800-$1250

Apartments Raleigh NC Blog

If You Rent, Get Renter’s Insurance - Raleigh, NC

If You Rent, Get Renter’s Insurance - Raleigh, NC

Joseph Coupal - Wednesday, December 28, 2016

Auston Grove Apartments in Raleigh, NCA common idea when renting an apartment in Raleigh, NC is that you don’t need renters insurance because, well, you’re renting. Nothing could be further from the truth. If you are renting, you need renters insurance whether you are a college student getting your first apartment or a college graduate moving to a more sophisticated pad.

So what is renters insurance and why do I need it?

Rental insurance is basically coverage of damages to personal possessions. It covers everything that you own such as furniture, clothes, electronic devices, books — you name it. It also provides liability protection if someone is injured in your place and wants to hold you responsible for the incident.

For example, if your apartment burns down and your roommate suffers second-degree burns, then renters insurance (the liability coverage part) will protect you from liability, having to pay out of pocket for his injuries. Another example is if your dog bites the postman and he chooses to sue you for injuries, renters insurance will cover the medical costs and the court costs. Additionally, if your home is unusable for a certain time, most forms of renters insurance will provide funding for you to stay in a temporary place that is at least comparable, in some cases better, than your current apartment.

Well, you might be saying my landlord has insurance on the apartment, why should I get it on my own? The insurance your landlord buys only covers the apartment building which is the just the physical building structure. It does not include any of your personal belongings.

What will it cover?

STUFF: As mentioned above, renters insurance covers most of your personal belongings in the event of fire, theft, vandalism, and water damage. However, most renters insurance companies do not cover damage from more severe events such as earthquakes, flooding, landslides and so forth. You may need to check for a separate policy or an add-on to your insurance policy if you live in a part of the country in which such weather is prone to happen.

LIVING: If something were to happen to your apartment that made it completely unfit to live in, then renters insurance would cover any expenses incurred with moving to another place including certain bills at least for a reasonable time and in some cases, the cost of food and travel expenses.

LIABILITY: Negligence resulting in an accident to someone else physically or to property is covered by renters insurance.

What’s the cost? And where do I get it?

On average, renters insurance policies cover anywhere from $25,000 to $55,000 for apartments and upwards of $100,00 for homes. The first question you want to ask yourself is how much does your stuff cost. Make an itemized list of every important thing in your apartment — furniture, electronics, clothes, and any other personal items of worth. Second, take pictures or record video of everything so that if you don’t know the price, you can search for the item by photo or video and find the same or similar pricing. Take this list to your insurance agency and together you can determine how much coverage you need.

Insurance prices as well as liability limits vary by state. You can start by communicating with the agent who insures your vehicle and check for a bundle package. This will keep all your insurance in one place and give you a much lower cost per month. Almost all major insurance companies provide renters insurance. A basic policy should cost anywhere from $20 to $30 a month and that’s not a whole lot.

Think of renters insurance like a plan B. You may never even get to use it, but the pennies for peace of mind is simply smart and worth it.

#HowYouLive

ULOOP


Happy Holidays from Auston Grove Apartments in Raleigh, NC

Happy Holidays from Auston Grove Apartments in Raleigh, NC

Joseph Coupal - Tuesday, December 20, 2016

Auston Grove Apartments in Raleigh, NCIt is once again "end-of-year" blog post reflection time.  If you are reading this blog post, you care enough about us and our business to invest a minute or two reading here.  That means a lot to us.  The primary reason for this blog is to educate and inform our readers; as an ongoing act of giving thanks for the privilege of earning your continued trust and continued professional partnerships. So we're glad you're here.

We reflect today on the blessings that so many of you bring to both our personal and professional lives. Over the course of 2016, we hope that we have made a difference in many personal and professional lives. This is the true essence and a key measure of professional reward and business success.

It is our sincere wish that all of you bask in the joy of reflection and within the warm confines of family and friends throughout this Holiday season and throughout 2017. Cheers!

Happy Holidays!

-from all of us here a Auston Grove Apartments in Raleigh, NC.

#HowYouLive 


Renting is Becoming the Better Option in Many Cities - Raleigh, NC

Renting is Becoming the Better Option in Many Cities - Raleigh, NC

Joseph Coupal - Thursday, December 15, 2016

Auston Grove Apartments, Raleigh, NCMillennials fretting over the high costs of buying a first home, fear no more: renting may be the better financial option anyway.

A new report shows the growth of home prices is outpacing that of rents across many major metropolitan areas in the United States, which could be yet another factor decreasing the country’s historically low rate of homeownership.

The Wall Street Journal reported a just released third-quarter housing index that compares housing prices and rents in 23 major cities.

Of all 23, the Journal reported, homes were becoming more expensive faster than rents were rising. Nationwide, the cost of buying a home spiked 5.5 percent year-over-year September, while rents jumped only 3 percent.

That trend doesn’t appear to be headed for a change in the near future, either: developers are about to deliver one of the largest influx of apartments in history— a supply boom that will likely keep rent growth at a moderate rate.

Meanwhile, the rising home costs have showed no sign of stopping, even as brokers call for sellers to moderate their expectations and lower asking prices.

The trend has also brought the nation as a whole closer to the tipping point for being renter friendly.

Cities where buying is still the better option, according to the Journal: Atlanta, Boston, Chicago, Cleveland, Los Angeles, New York and Philadelphia. [Wall Street Journal].

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

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therealdeal.com


More Boomers are Renting Apartments – Raleigh, NC

More Boomers are Renting Apartments – Raleigh, NC

Joseph Coupal - Wednesday, December 07, 2016

Auston Grove Apartments, Raleigh, NCBaby boomers are altering the American Dream.

After having the home in the suburbs, the kids, the two cars, and maybe even the picket fence, a growing number now want to ride elevators to rental apartments and walk out the door to restaurants. When the kids are grown, an increasing number of empty nesters are selling homes and aspiring to live like urban millennials — in rental buildings full of amenities and free of lawn mowing, shoveling, mortgages and property taxes.

It's not unusual for empty nesters to consider downsizing and avoiding tasks such as yard work. But typically downsizing has meant buying smaller homes or condos. Now, for a generation with a reputation for setting trends and yearning for freedom, an increasing number want to rent rather than own.

“It's nice to have freedom," said one man, who moved into an apartment with his wife after selling their home about three years ago. He now walks to work, and his wife says she feels like she's on vacation every day. Apartment living frees up time spent on maintenance and they walk to restaurants, plays, movies and musical events.

"We both feel like we are in our 20s."

The number of boomer renters is still small. But there were just 10 million in their 50s and 60s in 2005, and in 2015 there were 15 million. They account for more than half of the nation's renter growth in the last 10 years.

It is a "dramatic increase," and a trend that's likely to continue as the giant generation of 77 million people, born between 1946 and 1964, ages and seeks easy living.

At a National Multifamily Housing Conference, "landlord after landlord mentioning the surprising surge in older renters." Many of the boomers have sold homes and have been looking for luxury apartments in walking distance to stores and entertainment.

In many metro areas, older renters are driving demand. There is an increase in people "who don't see their primary residence as an investment" and don't want their retirement money tied up in a home.

Renting is a unique twist for many boomers, who began their adult lives when the sheer size of their generation starting households drove a sharp climb in home prices in the '70s and '80s. For years many assumed renting was a waste of money and a home an essential investment. But after living through the recent housing crash, that assumption has been tarnished and renting now seems fine.

You aren't going to get equity quickly any longer. As empty nesters, couples can sell their three-bedroom home and renting can be a short-term experiment that would allow them to move easily, and without selling costs, if they changed their minds. Many have no urge to move.

Homeownership among people 50 to 64 slipped 5 percentage points between 2005 and 2013. Part was driven by foreclosures and job loss in the recession. Others are transitioning to renting as a choice. They want "cost-effective options that demand less time, physical effort and money to maintain." As people enter their 70s, it is expected that the desire for ease and safety will intensify.

The combination of 8 million foreclosures and a 10 percent unemployment rate during the housing crash and Great Recession sparked a surge in rentals among all age groups during the last few years. There are 19 million renters who previously owned homes. But older boomers were not as hard-hit in the housing crash as people ages 36 to 55, because people in their 50s and 60s tended to have purchased homes before the housing peak and therefore had more equity to absorb losses.

The interest in potential boomer renters is coming from developers seeing opportunity in the luxury market.

Boomer parents are also being tempted to rent as they see the housing their children are considering in new luxury buildings.

"They see the light and the view, and they are jealous," said one developer. "They want a vibrant life" instead of isolation in empty homes in quiet suburban neighborhoods. "They are busy with their phones and iPads, and can live in a new building for less than a mortgage and stop writing checks to the handyman and the landscaper. They don't have to worry about the snow."

Although luxury buildings have been especially popular with empty nesters craving activity, boomers are also renting near suburban areas where they raised families. They want to continue ties with churches and communities.

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

#HowYouLive
Chicago Tribune



Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610

Call: 833-779-8856
Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info
View Map

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

$800-$1250