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

It’s Cheaper to Rent in Raleigh, North Carolina

It’s Cheaper to Rent in Raleigh, North Carolina

Joseph Coupal - Tuesday, July 25, 2017

Auston Grove, Raleigh, NCTraditionally, owning a home is touted as a smarter financial move than renting one. But with demand increasing and the supply of houses for sale falling, home prices have been rising nationally, according to real estate marketplace Zillow. So, you might be wondering: Is it better to rent or buy a home?

To find out where it makes more sense to rent or buy a home, GOBankingRates surveyed the cost of renting versus owning a home in all 50 states and the District of Columbia. Since conducting a similar survey in 2016, we found that the number of places where it’s more expensive to own than rent has increased from nine to 11 — this includes a few states where the price difference is minimal.

For this year's study, we looked at the estimated rent price for all homes listed on Zillow. We also calculated the estimated monthly mortgage to own a home in each state, based on the median list price of homes listed on Zillow, a 20 percent down payment and a 30-year fixed-rate loan.

8. North Carolina

Buying vs. Renting a Home in North Carolina

  • Monthly rent in North Carolina: $1,157
  • Monthly mortgage in North Carolina: $1,233
  • Should you rent or buy: Rent

In 2016, it was more expensive to rent than own a home in North Carolina. But now, it costs $76 more to own than rent, likely due to a sharp rise in home prices. The median home list price jumped from $226,750 in May 2016 to $249,000 in May 2017, according to Zillow data.

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

#HowYouLive

gobankingrates.com


Buying a Home May Not Be for You

Buying a Home May Not Be for You

Joseph Coupal - Friday, July 21, 2017

Auston Grove, Raleigh, NCThe reality is that home ownership isn’t for everyone. Even if it’s right for you eventually, it might not be right for you right now. There are a few factors that should serve as a warning against taking the leap into homeownership.

Don’t buy a home if…

You aren’t planning to stay

Whether your job situation is a bit uncertain, you’re in a relationship you’re not sure will last, or you’re longing to make a move to another city sometime soon, renting is your best bet. That’s because home values tend to fluctuate throughout the year and from year to year. If you are forced to move out in the near future, you may suffer a loss on the sale of your home. Most experts recommend that unless you can stay put for at least five years, you’re better off renting. It’ll take at least that long to make up the costs associated with a home purchase.

You don’t have a down payment

It’s not a good idea to buy a home without a downpayment. The simplest reason is that foregoing a down payment costs you a lot more over the life of the loan. The more money you borrow to buy your house, the more interest you pay. Having a down payment protects you from going underwater on your loan, or owing more than the house is worth. This can happen when you buy without a down payment and then home values drop.

You aren’t a saver

If you find saving for a down payment challenging, that may be a sign that you aren’t ready to own your own home. When you’re a renter, all you have to worry about is covering your rent. Once you’ve done that, the rest is up to your landlord.

When you own your home, the responsibility is all yours. So, if you get a leaky roof or a broken water pipe, you will have to pay to fix it. If you have a hard time saving, you’ll lack the cash to take care of all the expensive repairs you will face as a homeowner. If you’re already living paycheck to paycheck, the ongoing financial responsibility of owning a home is likely to land you in debt.

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

#HowYouLive

BusinessDayonline.com


Reasons To Move To Raleigh, NC

Reasons To Move To Raleigh, NC

Joseph Coupal - Thursday, July 13, 2017

Auston Grove, Raleigh, NCThose who live in North Carolina know it is the best place in the world to live! From our stunning natural beauty to our incredible man-made wonders, we’re lucky to call the Tar Heel State ‘home.’ While some prefer to live in one of the state’s picturesque small towns, others love the vibe of a bigger city. If you like an urban atmosphere that offers plenty of green space and a lot of opportunity, you should drop everything and move to Raleigh. Here’s why.

1. Our capital city is a pretty fabulous place to live.

With around 450,000 residents, it's just the right size - large enough to offer all the many amenities of a big city, but small enough to maintain a low crime rate, plenty of green space and more of a "hometown" feeling than a city with millions.

2. Raleigh is the third best city in the country for young families.

We think it's actually the BEST city for young families, but the site Value Penguin ranked us third in the nation based on 16 criteria. Raleigh is a great place when it comes to outdoor recreation, housing, safety and the availability of healthcare.

3. Raleigh is a top moving destination.

United Van Lines ranked Raleigh fifth in the nation for the number of moves into the city. With neighborhoods like this, it's easy to see why people want to move here.

4. Did we mention Raleigh's undeniable beauty?

We might be biased, but we can't help but think that Raleigh easily qualifies as one of the prettiest cities anywhere.

5. Indeed.com says that Raleigh is the second easiest city in the country to find a job.

If you need a job, Raleigh is your place! Our city came in second in the nation, right behind San Jose, CA. That ranking was based on the number of available job listings.

6. Looking for a tech job? Raleigh is the perfect place.

The New York Times notes that the number of tech jobs in Raleigh increased over 38 percent between 2010 and 2015. It's the second-highest increase in the country, right after San Francisco. Coders and techies are happy here indeed.

7. We have some of the coolest museums, hands down.

Sure, lots of cities have a Natural Science Museum, but does theirs look this awesome?

8. Money Magazine named Raleigh the "Best Big City in the Southeast."

Raleigh made the list because of its parks and green spaces, housing, low crime and excellent schools. Money Magazine also pointed out that the many transportation options in the city make it easy to get from here to there.

9. Forbes ranks Raleigh 3rd in the nation for young professionals.

If you're just getting your career started, Raleigh is perfect. You'll enjoy low unemployment, good pay and excellent growth opportunities here. And, you'll find a thriving social scene with lots of other people your age who are starting their careers, too.

10. If you've served our country, Raleigh is one of your best choices.

WalletHub.com pulled data from 100 U.S. cities to find out which are the best for veterans, and Raleigh ranked 8th. Factors included access to medical care, number of jobs related to military skills, economic wellness and educational opportunities for those returning from deployment. Raleigh loves our veterans, and is proud to offer plenty of opportunities for them when they return from overseas.

These are just 10 reasons to love living in Raleigh – we’re sure you can come up with more! For more information on apartments in Raleigh, NC contact Auston Grove.

#HowYouLive

onlyinyourstate.com


Is Owning or Renting Better for Your Wallet?

Is Owning or Renting Better for Your Wallet?

Joseph Coupal - Thursday, July 06, 2017

Auston Grove, Raleigh, NCPart of being smart with your money means managing how much you buy. And while that might be as simple as not buying goods you don’t need, it might also mean considering alternatives to buying — like renting or leasing — to save money.

Opting to rent something has its own set of benefits. For example, you rarely have to make a large upfront payment the way you would with a purchase and you likely won’t need to worry about the ongoing cost of maintenance. However, rental costs can add up to more than you’d ever pay for an item in the first place, so it’s important to consider whether renting truly saves you money.

To help, we talked to the experts to find out when renting is the better option and when it’s better to buy.

Home vs. apartment

The decision to rent or buy a home usually isn’t purely financial. You might also crave the stability and pride of owning or the freedom to renovate and landscape how you want. But there are a few factors that make renting the better financial choice — namely, location.

Renting usually makes sense unless you are pretty sure you will stay in one home for at least five years. This is because there are several thousand dollars of transaction costs that come with buying, financing and, eventually, selling a home.

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

#HowYouLive

The Citizens’ Voice



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