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

In Raleigh, NC You Can Live Like Royalty for Less Than 70K

In Raleigh, NC You Can Live Like Royalty for Less Than 70K

Joseph Coupal - Tuesday, March 21, 2017

Auston Grove, Richmond, VAMaking a good living is one thing, living well is another. And that often boils down to where you choose to live.

The best places are likely the ones where you can find a job, earn a good salary and buy a nice home. In a 2016 report, job-hunting site Glassdoor calculated the top spots where your pay will go furthest, based on salaries and home values. To do so, the jobs site came up with a cost of living ratio — a city's median base salary divided by its median home value.

Noticeably missing are some of America's biggest cities. While you can certainly earn more in hubs like New York and San Francisco, few people can afford to buy a house or an apartment there.

We came up with the top 25 places where an average paycheck goes a very long way and the quality of life is great. (A higher ratio number is better.)

25. Raleigh, NC

Cost of living ratio: 30%
Median base salary: $62,000
Number of open jobs: 22,339

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

To see the whole article, click here.

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CNBC


Best Places to Live in America – Raleigh, NC

Best Places to Live in America – Raleigh, NC

Joseph Coupal - Monday, March 13, 2017

Auston Grove, Apartments in Raleigh, NCWhen deciding where to put down roots, many factors are in the eye of the beholder, such as climate, politics, or proximity to extended family. Other aspects are coveted by nearly everybody: affordable housing, access to well-paying jobs, a low cost of living, good schools, and quality healthcare. In its recently released ranking of the best places to live in America, U.S. News & World Report gathered data on these crucial components for the 100 most populous US cities.

They then categorized the data into five indexes for each city — job market, value, quality of life, desirability, and net migration — to definitively rank these major metro areas.

Scores for "value," a blend of annual household income and cost of living, and "quality of life," which accounts for crime, college readiness, commute, and other factors, are included below on a 10-point scale, as well as the city’s population and median annual salary.

4. Raleigh-Durham, North Carolina

Population: 1,714,629
Median annual salary: $47,430
Quality of life: 7.4
Overall value: 6.9

Raleigh-Durham and Chapel Hill are collectively known as the Triangle, an area anchored by its foundation in research and tech. The Triangle employs nearly 40,000 residents at companies like IBM, SAS Institute Inc., and Cisco Systems as well as surrounding colleges Duke, North Carolina State, and the University of North Carolina at Chapel Hill. A strong job market coupled with a burgeoning microbrewery and dining scene draws 80 new residents every day, said a local expert

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

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businessinsider.com


North Carolina is High on the LIst for Best States for Business

North Carolina is High on the LIst for Best States for Business

Joseph Coupal - Wednesday, March 08, 2017

Auston Grove, Raleigh, NCWe score all 50 states on more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council and the states themselves. States receive points based on their rankings in each metric. Then we separate those metrics into 10 broad categories, weighted based on how frequently each is used as a selling point in state economic development marketing materials. That way, our study ranks the states based on the criteria they use to sell themselves.

Our study is not an opinion survey. We rely on tangible numbers to gauge each state's performance, scoring all 50 states on more than 60 measures of competitiveness, using publicly available data.

Here are our categories and this year's weightings.

Workforce - We rate states based on the education level of their workforce, the numbers of available employees, and the states' demonstrated abilities to retain college-educated workers. We measure workforce productivity based on each state's economic output per job. We look at the relative success of each state's worker training programs in placing their participants in jobs. We also consider union membership and the states' right-to-work laws.

Cost of Doing Business - We look at the competitiveness of each state's tax climate, as well as state-sponsored incentives that can lower the cost of doing business. Utility costs can add up to a huge expense for business, and they vary widely by state. We also consider the cost of wages, as well as rental costs for office and industrial space.

Infrastructure - We measure the vitality of each state's transportation system by the value of goods shipped by air, waterways, roads and rail. We look at the availability of air travel in each state, the quality of the roads and bridges, and the time it takes to commute to work.

Economy - We look at economic growth, job creation, consumer spending, and the health of the residential real estate market. We measure each state's fiscal health by looking at its credit ratings and outlook, as well as its overall budget picture. We also consider the number of major corporations headquartered in each state.

Quality of Life - We score the states on livability, including several factors, such as the crime rate; inclusiveness, such as antidiscrimination protections; the quality of health care; the level of health insurance coverage and the overall health of the population. We evaluate local attractions, parks and recreation, as well as environmental quality.

Technology & Innovation - We evaluate the states on their support for innovation, the number of patents issued to their residents and the record of high-tech business formation. We also consider federal health, science and agricultural research grants to the states.

Education - Higher-education institutions offer companies a source to recruit new talent, as well as a partner in research and development. We consider the number of higher-education institutions in each state, as well as long-term funding trends for higher education. We look at several measures of K–12 education, including test scores, class size and spending. We also look digital and lifelong learning opportunities in each state.

Business Friendliness - But we grade the states on the freedom their legal and regulatory frameworks provide for business.

Cost of Living- The cost of living helps drive the cost of doing business. From housing to food and energy, wages go further when the cost of living is low.

Access to Capital - We look at venture capital investments by state, as well as small-business lending on a relative basis.

North Carolina is #5 on the list of America's Top States for Business.

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

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cnbc.com


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


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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stretcher.com


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.

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voanews.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