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

Renting Your First Apartment in Raleigh, NC

Renting Your First Apartment in Raleigh, NC

Joseph Coupal - Tuesday, February 28, 2017

Auston Grove Apartments, Raleigh, NCWhen you are moving out on your own, your first home will probably be an apartment. They are generally inexpensive, available, smaller, and are often concentrated in the places where young people most like to live.

Starting the process may seem nerve-wracking at first, especially if you do not know what to expect. A little bit of planning and preparation can go a long way in helping you get into the best apartment for your needs.

Setting a budget

The rule of thumb is that your rent should be no more than 30 percent of your income, ideally more like 20 to 25 percent. Perhaps more important than the percentage is whether you will have enough money left over after paying your rent to cover your other obligations. Consider your costs for transportation, food, insurance, debt payments, and other necessities and calculate how much you can afford to spend on an apartment.

Additional costs of renting

As you are looking for apartments within your budget, remember some additional costs that may or may not be included in the rent. The big one is utilities, including electricity, heat, water, and cable. If your rent does not cover these, you may be able to call the utility company with the apartment address to get an estimate of what the recent bill amounts have been for that unit.

Consider other added costs like a garage or parking space and fees for having a pet in your apartment. On the flip side though, make sure also to factor in perks, like a fitness center and pool, which may allow you to skip paying for a separate gym membership.

Signing a lease

You'll need to go through several steps before you sign a lease. The application will include an employment check, calling your personal references, and checking your credit history. If you do not have good credit history or solid employment, the landlord may require you to have a guarantor or co-signer on the lease with you. Your parents are the best candidates for this role.

When you sign a lease, be ready to put down some money. This will include a security deposit, the first month's rent, and sometimes the last month's rent as well. Find out what you need to do to get your security deposit back in full when you move out.

The last major thing to consider is the length of the lease. You are committing to live there for the entire lease term, and it is worth finding out what the penalties are for breaking the lease if you need to move. Some apartments will let you sublet to another tenant to finish out your lease, which can be helpful if you are not confident you'll stay at your current job.

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

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1st Source Bank


Should Active Military Members Rent or Own? - Raleigh, NC

Should Active Military Members Rent or Own? - Raleigh, NC

Joseph Coupal - Tuesday, February 21, 2017

Auston Grove Apartments in Raleigh, NCDeciding when to take the home-buying plunge can be tough. For military members and their families, the unique nature of their service often adds a new layer of consideration.

Here are a few key things to consider.

1. Frequent relocation

Active-duty military personnel move frequently, often once every two to three years. Prospective buyers should be comfortable with the idea of turning around and reselling a property or renting it out—and the possibility of neither of those coming to pass.

Talk with real estate agents and other experts to get a feel for the local housing market and near-term trends. You might have no problem selling the home or finding renters in your particular community, but there are no guarantees.

Even if your Permanent Change of Station (PCS) moves you across the country, you’re still on the hook for that new mortgage payment. Short sales and foreclosures can wreck your credit and put home buying out of reach for years. So it’s not a decision to take lightly.

2. Costs of renting vs. buying

Do your homework, and get a clear sense of what’s likely to cost more. Paying a mortgage is may be cheaper than renting in some U.S. markets, but every buyer’s situation is different. A good lender can help you get pre-approved and run realistic affordability numbers.

Keep in mind homeownership comes with costs that renters don’t typically face, like maintenance, lawn care, appliance repairs, and more. And buying with $0 down means you’ll start life as a homeowner with little to no equity.

3. Wants and needs

Homeownership offers a lot of freedom, but it also comes with significant responsibility. Take stock of your priorities to see where you land. How important is it for you to personalize your space? Do you enjoy home and yard maintenance? How do you feel about paying for them?

Owning a home means you can’t call the landlord to fix a broken pipe or replace the water heater. Renting means you’re building equity for someone else.

In the end, there isn’t a one-size-fits-all answer. Buying a home evokes thoughts of long-term stability that are sometimes at odds with the unpredictability of the military lifestyle.

Still, there’s something to be said for the sense of pride and independence that come along with homeownership. Think long and hard about what’s right for you, and get good information from real estate and mortgage experts you trust.

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

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Realtors.com


Moving to Raleigh? Things to Know

Moving to Raleigh? Things to Know

Joseph Coupal - Tuesday, February 14, 2017

Auston Grove, Raleigh, NCCommunity - A Great Reason to Move to Raleigh

One of the best parts about Raleigh is that it's a city with a small town feel. Raleigh is a city where people know your face and that's all they need to know. It's often you will run into someone you met, recognize their face and embrace in a warm greeting without even knowing one another's names. There is a feeling of comfortability and familiarity in Raleigh that comes from that small town feel. You may not recognize it at first, give it six months though and you'll know exactly what we are talking about.

Raleigh is a city, and it's a small town, at the same time. It's large enough so that you're always meeting new people, and small enough so that you're constantly running into the ones you know!

Raleigh is the Best Place for Jobs

If you're moving to Raleigh you will have a much easier time finding a job than you will anywhere else. Glassdoor has ranked the city of Raleigh, NC as the #1 Best City for Jobs!

With more than 24,000 job openings there is sure to be one for you. Additionally, Raleigh has a job satisfaction rating of 3.3 Raleigh, NC is on the top end when it comes to being happy in the work-place.

The Research Triangle Park (RTP) is a huge part of what makes Raleigh such a great place for jobs. A lot of executives will move to Raleigh to begin working in RTP with so many larger businesses that have their office headquarters there. You can learn more about RTP and the companies that are there by clicking this link. Outside of the park you will find companies like MetLife who just moved to Cary, NC and set up their technology office with six-figure salaries. Go to Downtown Raleigh and you will see other companies like RedHat and Citrix who have set their headquarters there. 

Education is Some of Best in Nation

Raleigh is ranked as the second most educated city in America by Forbes, and it's neighbor Durham is third. With universities like North Carolina State University, Duke University, and the University of North Carolina all within a short distance of Raleigh it only makes sense that the area places a high priority on quality of education.

Weather in Raleigh is a Reason to Move!

The weather in Raleigh is perfect and a great reason to relocate. Raleigh celebrates all four seasons (yes, it snows here!) and is only a couple hours from the Mountains if you enjoy skiing or snowboarding.

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

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raleighrealtyhomes.com


What's it like to live in Raleigh, NC?

What's it like to live in Raleigh, NC?

Joseph Coupal - Tuesday, February 07, 2017

Auston Grove apartments, Raleigh, NCRaleigh, Durham and Chapel Hill are known for their research/technology roots and collegiate rivalries. This tri-city region (known as the Triangle) is luring nearly 80 new residents a day with strong job growth and a high quality of life.

Many people who call the Raleigh and Durham metro areas home are young, friendly, diverse and educated. They enjoy dining out in local restaurants – many of which have earned national accolades – and gathering over craft beers in one of the region's many microbreweries. A strong sense of community is evident, as strangers are quick to provide a friendly conversation when standing in line at the supermarket.

Raleigh, Durham and Chapel Hill also encompass beautiful green spaces, family-friendly museums and a growing art and music scene defined by monthly gallery walks, summer concerts and music festivals like Hopscotch.

Rankings

U.S. News analyzed 100 metro areas in the United States to find the best places to live based on quality of life and the job market in each metro area, as well as the value of living there and people's desire to live there. Raleigh & Durham ranks as #7 with an overall score of 7.2 out of 10.

Raleigh & Durham, NC  - #7 in Best Places to Live

  • 7.2 Overall Score
  • 6.9 Quality of Life
  • 7.7 Value

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

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US News


Should You Keep Renting in Raleigh, NC?

Should You Keep Renting in Raleigh, NC?

Joseph Coupal - Thursday, February 02, 2017

Auston Grove apartments, Raleigh, NCIf you have been thinking about buying your first home, making the leap from renting to owning requires some decision making. The perks of homeownership are both financial and emotional.  Owning your own home is a big responsibility.

The timing of the decision to buy a first home is different for each of us.

If you are considering moving from renting to owning here are five questions you can ask yourself to determine if you are ready to own a home.

1. Am I financial ready to own a home?

Clearly, it takes a significant financial commitment to buy a home. The minimum down payment is typically 5% of the cost of the home you are buying. In addition you can add another 2 to 3 percent to cover the closing costs associated with buying a house.

Another important factor is you credit history. To qualify for a mortgage you should have as minimum a credit score of 620 but to obtain a competitive interest rate your credit score should be above 700. Credit is a privilege you earn by practicing good credit habits.

For many young buyers a big challenge is their debt-to-income ratio. Mortgage lenders demand borrowers have certain levels of monthly cash flow which means they carefully look at how much you are paying to other lenders, including student debt. How much you pay lenders each month is divided by your gross monthly income and the rule of thumb is this should be below 36 percent. A debt-to-income ratio of up to 40 to 43 percent may be considered acceptable by some lenders, but it really should not be over 33%. When preparing to apply for a mortgage you want to pay off or down your credit card balances.

2. Am I emotionally prepared to own a home?

Let's be honest, renting does not require much emotional thought. If the rent goes up, you can move. If something breaks you call the landlord. Owning a home is means you are "all in." When the kitchen sinks springs a leak, you have to fix it or find someone who can. If your home is part of a Home Owners Association and they increase the dues you have to deal with it. These kinds of situations can strain your mental and emotional capability, especially if you don’t have financial flexibility. Managing stress and having problem solving skills is important for first time home buyers.

3. Can I compromise when selecting my dream home?

This sounds silly, but more often than not first time buyers have a very strong mental picture of the home they want to buy and reality of the market is different.  There are always compromises buyers must be prepared to make.

It is not an easy decision and it is not only a financial decision. For more information on renting an apartment in Raleigh, NC, contact Auston Grove Apartments.

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rocklintoday.com



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