Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610
Call: 866-220-3907 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

The Benefits of Living in Apartments with a Family – Raleigh, NC

The Benefits of Living in Apartments with a Family – Raleigh, NC

Joseph Coupal - Tuesday, January 24, 2017

Auston Grove apartments in Raleigh, NCHere are a collection of perspectives from renters with families on their experiences with the benefits to living in an apartment. This is what apartment dwellers with children do to make it work for them.

Family Time Abounds

There are several advantages to living in an apartment with school age kids. The biggest one was the fact that without the upkeep of a house, there is so much more extra time to spend quality and quantity time with the kids. Also, because there is no space to stash a lot of items, so you spend less money. If you don’t pay for a storage space, you must always consider where an item would fit before a purchase. Finally, the complex can have several amenities, including a pool, a playground, and an exercise facility. Therefore, there is easy access to free entertainment, which is something that every parent of a young child appreciates.

More Resources for Children

Cities often have wonderful resources for children that are not so easy to find in a small town. Search out the city's library. It will most likely have wonderful programs for children, such as "story times." This also gives the parent a chance to meet other parents who have young children and to make new friends.

A Quick Call to Maintenance

With young kids you can really appreciated the security of living in an apartment complex. If there was a plumbing problem or a broken appliance, a phone call took care of everything. You develop relationships with the management and maintenance staff, as well as our neighbors.

The Benefits of Cultural Diversity

There are a lot of advantages to city apartment dwelling.

  • No lawn care or housing repair costs
  • Extensive public transportation with no real need for a vehicle
  • Cheap and free cultural activities abound.
  • Cities tend to attract colleges, which mean free or cheap college events, babysitters, and adult evening classes.
  • In a city situation, you have neighborhoods. Visiting them is a great way to experience new foods and cultures without going far.
  • Ethnic neighborhoods sprout ethnic groceries as well, which tend to be cheaper on certain items.

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

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The American Dream of Homeownership is Changing - Raleigh, NC

The American Dream of Homeownership is Changing - Raleigh, NC

Joseph Coupal - Wednesday, January 18, 2017

Auston Grove in Ralegh, NCAmerica is changing the way it lives. Owning one's home has always been considered a significant part of the modern American dream — it meant pride and security, control, stability and goodbye to landlords.

It still does, but times change and there are signs that the dream of owning a home may be changing as well.

The ‘bubble’

The Great Recession, which began in late 2007 and lasted for nearly two years, is still having an impact on the U.S. housing market. Since the bottom dropped out a decade ago, "new home starts" — used to describe when construction begins on a new home — have been sluggish.

That was until October, when they hit a nine-year high, then dropped in November, suggesting Americans are confused about where and how they want to live.

This housing bubble was a main cause of the Great Recession.

For potential homebuyers, it has become a lot harder to get the credit necessary to buy a house. Plus, there's more paperwork when consumers do qualify.

That leads to a depressed market. Another issue: a lack of inventory.

Diploma vs. mortgage

Lurking in the background of less new construction is the renting vs. buying issue.

Renting is becoming increasingly attractive because many people just don't have the money to buy.

There's not enough income to allow people to get into housing.

Zillow predicts that millennials will eventually be in a financial position to buy, and will boost home ownership. At the same time, Zillow says, renting will become more affordable as incomes rise and growth in rents slows.

One of the biggest reasons that young Americans are waiting to buy their first home is student debt. Millennials, who used to be considered the prime homebuying age, are carrying an estimated $1 trillion in student loan.

The problem is, the kids are coming out of school with a tremendous amount of student loan debt. It's like a drag on their finances. Student loans is money that could be going toward the mortgage. I think it's kind of delaying the process.

The under-35 generation are buying nice cars, they're going out to dinner, and they're staying in apartments. And they're moving around a lot more with their jobs. They are a lot more mobile.

A cautious market

Ten years ago, the national percentage of households renting was about 30 percent; today, it's about 37 percent. Each percentage point nationally is about 1 million households.

Rentals are also attractive because renters are spared the worry of potentially plummeting home values.

We ought to be making rental housing much more respectable, whether in urban or suburban areas. Our whole society ought to get away from the fixation of ownership as the only way to go. It's not the only way to go. Ownership is not for everybody; it takes a certain income, budgetary discipline and a steady income.

Many Americans learned from the recession that investing in home ownership is not a sure way to build wealth.

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

#HowYouLive
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Should Millennials Buy Homes? Maybe Not – Raleigh, NC

Should Millennials Buy Homes? Maybe Not – Raleigh, NC

Joseph Coupal - Wednesday, January 11, 2017

Auston Grove Apartments, Raleigh, NCAs the old saying goes, landlords get rich and renters stay poor. But this may not be true anymore.

On the other side of the debate are housing experts who have told The Wall Street Journal that, in the shadow of the Great Recession, the stigma of renting has faded.

It used to be that if you were an adult and didn’t own your own home, you were kind of a bum— but that image has been “blown into a million pieces.”

In an era of stagnant wages, tepid job growth and soaring student debt, just 35 percent of Americans under age 35 owned their homes in the third quarter of 2016.

Should you rent or own your home? It’s an age-old question that doesn’t always yield a straight answer.

The unsatisfying advice: It’s complicated. Perhaps the most important factor in the rent-vs-buy calculus is how long you plan to stay in one place.

The five-year rule: In general, housing experts say, if you plan to live in a property for less than five years, you’re wiser to rent. That’s because expenses such as closing costs and real estate commissions wipe out the modest appreciation you enjoy. If you’re going to stay for 10 years, you’ll almost certainly gain by owning.

Here’s a partial list of the cons of homeownership:

Con: You’re responsible for property taxes and insurance.

When you rent, those expenses are part of your monthly payment, and your landlord worries about them. While Florida’s property taxes are modest compared to other states, you can expect to pay about 2 percent of the value of your home every year.

Con: You’re on the hook for repairs.

Kitchens and bathrooms don’t last forever, and a kitchen redo can run into the tens of thousands of dollars. Roofs, windows and air conditioners wear out over time. Replacing these costs thousands of dollars. Appliances break, and you’re on the hook for them, too. If you’re a renter, maintenance is the landlord’s problem.

Con: Owning makes you less mobile.

If you’re tied down by a property here, you might not grab that lucrative job offer somewhere else.

Con: The financial benefits of owning are real, but they’re often overstated.

Here is a sobering example of paying $1,500 a month in rent for 30 years. You’ll blow $540,000 with nothing to show for it. How much will you have if you buy? Here’s a very rough example, with no adjustments for inflation and appreciation: Say you take the same $1,500 a month and apply it to a $250,000 house, with a $200,000 mortgage at 4.25 percent. You’ll spend $984 a month on principal and interest, and the other $516 a month might (or might not) cover property taxes, insurance, lawn care, pest control, the occasional pressure cleaning and those inevitable visits by plumbers, electricians and carpenters. Over the 30-year life of the mortgage, you’ll replace the roof twice, the AC twice, repaint the house three times, buy enough replacement appliances to fill a small warehouse, and you’ll renovate the kitchen and bathrooms, all of which’ll cost you $100,000. And don’t forget that $50,000 down payment you made back when you were young. You will have paid the same $540,000 over 30 years, and you’ll have a net gain of $100,000 to show for it. Not bad, but certainly not hedge fund money.

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

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Happy New Year 2017 from Auston Grove Apartments in Raleigh, NC!

Happy New Year 2017 from Auston Grove Apartments in Raleigh, NC!

Joseph Coupal - Thursday, January 05, 2017

Auston Grove  Apartments in Raleigh, NCA fresh new year has arrived once again. It’s the time to be thankful for everything we have and for everything we have achieved in the past year. But it is also time to start new, start strong, and accomplish everything we want to do this year.

It is also time for us to say “Thank You” for our success last year. If you are an existing associate, we have enjoyed working with you. If we are just embarking on a new relationship with you in 2017, we look forward to the opportunity. We are excited for what we all can achieve in 2017.

The New Year stands before us, like a chapter in a book, waiting to be written. We can help write that story by setting goals. – Melody Beattie

Happy New Year from Auston Grove  Apartments in Raleigh, NC!

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Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610

Call: 866-220-3907
Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info
View Map

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

$800-$1250