Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216
Call: 833-392-5643 (704) 597-7192 Email UsAustonWoods.PropertySite.HHHunt@aptleasing.info View Map

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

$883-$1,200

Apartments Charlotte NC Blog

Rent or Buy in Charlotte? We Choose to Rent

Joseph Coupal - Wednesday, December 28, 2016

Auston Woods Apartments in Charlotte, NCWith 10 months left on a 2-year lease, my husband and I are tripping over ourselves in the rent vs. buy dance.

Buying seems like the next most logical life step for two gainfully employed recently wed 30-somethings. With a mortgage we may pay less for more space and we would have something to call our own. We’d finally feel settled, build up equity and do typical HGTV things like renovate bathrooms over and over again.

But at what cost?

For us, buying would most likely mean moving further outside the city, adding an undesirable commute and a tax on our most valuable asset: time. It would mean dropping hefty sums of money on unexpected expenses for things I’ve always taken for granted in my rentals like roofs and air conditioners and carpet. It would mean tying ourselves to a multi-hundred-thousand dollar anchor.

Most people will try to talk you out of renting with a logical financial argument in favor of buying. They’re not necessarily wrong.

And then there’s the social pressure. Once I was trying to convince a friend to sell her place, move closer to the city and rent an apartment like mine since the commute was wearing on her. Her response was that she didn’t want to “go backwards” in life. It had never occurred to me that I was behind because I didn’t own a house.

For me, financing a suburban American dream I don’t want to live doesn’t make sense. Where many look at homeownership as a step in the right direction towards personal and financial success, I see it as a big expensive burden that moves me deeper into debt (albeit a strategic investment) and further away from my desired urban, unrooted, minimalist lifestyle. That’s hard to maintain as a first-time homebuyer.

So we decided we’re not in a rush to buy. In Charlotte our rental rates give us the amount of space we need in the neighborhoods we want.

I’m sure home buying will be for us eventually, but for now we’re content to save up some more cash and relish the often overlooked finer things of the renter’s life.

Renters don’t have to fix even the simplest things that break.

Renters don’t have to buy or replace expensive basic life necessities — I’d be content to go my entire life never ever paying money for a toilet.

The bank doesn’t have your life by the throat for 30 years — Home buying is smart debt if you do it right but debt makes me queasy regardless. I save up and pay cash for my big purchases. I worked three jobs in grad school to avoid taking out loans.

Renters don’t cut the grass — This, of course, depends on your housing situation, but if you’re in an apartment without a lawn or a house rental with built-in HOA maintenance, you’re lawn mower free, my friend.

You can pick up and leave whenever you want — This is the big one for me. If I land in a place I don’t love, I like knowing I’m out at the end of the lease. I also like knowing I could leave the city all together. I’ve been in Charlotte for 6 years. My family is here. My business is here. I should have bought a house a long time ago. I’m not going anywhere. But I like knowing I could go anywhere if I really wanted to. That freedom, I think, is the best part of being a renter.

For more information on apartments in Charlotte, NC contact Auston Woods.

#HowYouLive
charlotteagenda.com


Happy Holidays from Auston Woods Apartments in Charlotte, NC

Joseph Coupal - Tuesday, December 20, 2016

Auston Woods Apartments in Charlotte, 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 Woods Apartments in Charlotte, NC.

#HowYouLive


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

Joseph Coupal - Thursday, December 15, 2016

Auston Woods Apartments, Charlotte, 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 Charlotte, NC, contact Auston Woods.

#HowYouLive
therealdeal.com


Rent or buy? Baby Boomers Want Less Responsibility– Apartments in Charlotte, NC

Joseph Coupal - Wednesday, December 07, 2016

Auston Woods Apartments, Charlotte, NCMillennials may be known as the “renter generation,” but they’re apparently not the only group that’s showing increased interest in the rental market.

Instead of putting money down on a smaller house when they’ve outgrown their current living quarters, more Baby Boomers are keeping their options open and examining the benefits of living in a rental apartment.

According to data from ApartmentList.com, the population of Baby Boomer renters increased by 34 percent from 2007 to 2008. The trend was recognized as one of the drivers of a 4.3 million increase in the number of renter households in the U.S. from 2005 to 2015.

But cost is unlikely the main appeal for older home-hunters.

In an analysis of monthly costs by GoBankingRates.com, there is a long list of states in which it’s cheaper to rent a home than purchase one.

Many Boomers are moving in the direction of renting just to “give themselves a break”.

Renting is just an option for them that alleviates the pressure and allows them to breathe for a little bit. The thought of renting, psychologically, is a reprieve for them.

Renters, for example, have fewer worries about maintenance outside their walls. And, depending on the unit’s size, Boomers may be able to get all the luxury they want in a smaller space and with fewer stairs.

When weighing the perceived benefits of renting, people should think of their financial future, rather than the present.

For more information on apartments in Charlotte, NC contact Auston Woods.

#HowYouLive

nj1015.com


The Actual Cost of Owning a Home – Charlotte, NC

Joseph Coupal - Thursday, December 01, 2016

Auston Woods Apartments, Charlotte, NCLet’s say you want to buy your own place, but you want to know if it’s really a good idea for you right now. When the buy-vs.-rent issue comes up, consider the basics first and then drill down.

Adding up the costs of homeownership

The basics begin with your monthly payment. To make it an apples-to-apples comparison, you’ll need to compare your rent payment to monthly homeownership costs. Because those include more than just the principal and interest portion of a mortgage payment, typical mortgage payment calculators can be a bit misleading.

You also need to estimate property taxes and homeowners insurance, as well as other potential costs. These can include private mortgage insurance, homeowner association dues and condo or common community fees. A real-life home affordability tool can be a big help with this task.

Other costs to factor in include:

  • Loan closing costs, which typically amount to 3% to 5% of the value of your loan. This covers everything from a professional appraisal to a home inspection, as well as lender fees.
  • Costs for utilities, yard care and painting or other upgrades (in other words, all of the stuff the landlord usually takes care of when you rent).
  • Maintenance and repairs, which homeowners can expect to total 1% to 2% of their home’s value annually. There will be surprise expenses, too, so it’s a good idea to earmark a portion of your savings for a household emergency repair fund — in addition to your day-to-day emergency fund.

Where you live makes a big difference

The real cost of homeownership (and renting, as well) stems from where you live — not just the state or the city, but the neighborhood. And it’s not only about the cost of real estate and being able to afford the rent or the mortgage; it’s also about commuting and other transportation costs.

Most Americans spend about half their income on housing and transportation, according to the Department of Housing and Urban Development, which developed a Location Affordability Index tool. It lets you pinpoint virtually any location in the U.S. and get a real sense of what it costs to live there, considering median income as well as housing and transportation costs. You can even compare the difference in the total costs of owning or renting in a locale, with results that might surprise you.

Other considerations in the rent-or-own decision go beyond just minding your money.

Reasons to continue renting can include:

  1. Mobility: Do you need to be able to move to a new city for career advancement?
  2. Flexibility: Buying a home means committing to a neighborhood, possibly for several years. Being able to walk to your favorite coffee shop or happy hour club may mean a lot to you now. But later, if you start a family, you’ll care about school districts more than drink specials.
  3. Uncertainty: Price appreciation can be elusive and dependent on your local real estate market. Home equity is never guaranteed, particularly over the short term. It’s probably a good idea to forget the old “your home is an investment” thing.

The bottom line

The true costs of owning a home can be eye-opening. Considering all of the financial and life-stage factors involved can help you quantify whether now is the time to buy, or whether you should keep on renting. For more information on apartments in Charlotte, NC contact Auston Woods.

#HowYouLive
huffingtonpost.com



Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216

Call: 833-392-5643
Email UsAustonWoods.PropertySite.HHHunt@aptleasing.info
View Map

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

$883-$1,200