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

College Towns are Great Places to Live – Apartments in Charlotte, NC

Joseph Coupal - Wednesday, September 28, 2016

For some, it’s the roar of the crowd as the home team scores a touchdown on Saturdays. For others, it’s the quiet, tree-lined sidewalks on the quad or the ability to meet new people at different events at any hour of the day.

Even if it’s not home to your own alma mater, college towns and cities throughout the U.S. offer a high concentration of opportunities packed into a small area. Whether it’s the academics, food options, theater or business opportunities, life in a college town is not just great for the students, it's beneficial for full-time residents as well.

The attention college town areas receive, combined with the regular influx of new students and faculty from other parts of the country, contribute to the appeal to potential residents who may or may not be associated with the school itself.

There is a global perspective, and this intellectual base and diversity that the average small town wouldn’t get otherwise.

But some of the most loved college towns for residents and students alike have factors outside the academic institution that contribute to the economy and cultural variety of the area.

The metro area usually hosts large companies which serve as major local employers and also attract related businesses to the region.

Colleges don't bring in the restaurants and all the activities, but the college does help support new restaurants and activities.

When college towns flourish outside campus grounds, the community gets even stronger, as students find work after graduating and become locals themselves.

A lot of times, students graduate and end up staying. Their families come and visit them for the four years while they’re in school, and a lot of parents of students who end up packing up their lives and relocating later because college towns are great towns for so many other reasons.

Whether you’re moving to a new town or city for the proximity to its school or other reasons, here are a few tips to help you navigate real estate in a college town.

Expect a tight real estate market. Because a portion of residential real estate in college towns is often taken up by off-campus student housing, there will likely be a lower inventory of homes than it may seem at first. Real estate markets across the country are experiencing low inventory for single-family home sales, and this is even more likely near a college.

Off-campus student housing absorbs some of the stuff that would be sold to young families.

Inquire about the atmosphere during all seasons. Many college towns based exclusively around the local college or university will see a big drop in population once summer hits, leaving what may seem like a ghost town until fall classes begin.

But not all college towns are the same. Boulder’s proximity to the Rocky Mountains and other outdoor attractions bring a whole new group of people to the city during the summer months while the majority of students are gone.

What happens in the summertime is the students go home but the tourists come in.

Before you relocate to a college town, ask locals how the city is influenced by the academic calendar.

Prepare for Welcome Week. Even if the town doesn’t experience a significant decrease in activity during the summer, be ready for the influx of students, parents and siblings for those few weeks when students are moving in at the start of the fall classes.

Whether it means avoiding your local Target or Bed Bath & Beyond for a couple weeks in the early fall or taking your summer vacation to coincide with the nearby college's start date, preparation is key to avoiding any potential downsides to the newly refreshed student population. It's also worth keeping graduation weekend and homecoming in mind as busier times in the community.

Learn to love the school. To make life in a college town easier, it might help to let yourself become a fan – though that may be easier said than done if you’re a diehard University of Michigan fan living in Columbus, Ohio, home of the Ohio State University Buckeyes.

Even if you’re not supporting the sports teams, accepting the student population itself can make you dread three-quarters of the year a little less.

Local residents should follow the school's events calendar to take advantage of activities open to the public, from student theater productions to cultural food expositions.

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

#HowYouLive
US News – Real Estate


Renting is Cheaper Than Owning In Major U.S. Markets - Apartments in Charlotte, NC

Joseph Coupal - Tuesday, September 20, 2016

Despite historic-low mortgage rates, it's still cheaper to rent than own in most major U.S. cities. Low inventory, foreign investors and flippers are keeping home prices up.

With interest rates hovering near historic lows, it might seem like the ideal time for renters to jump into the homeownership market and perhaps spend less money each month to own a home than they do to rent one. But a new report shows that scenario may be more fantasy than reality - at least in the country's biggest markets.

The average monthly cost of owning a home is 28% higher than renting in major U.S. markets.

Of 28 U.S. markets surveyed, only four showed it was cheaper to own a home than rent one.

Home prices have gotten close to what we saw at the peak of the market. The magnitude of home price increases has been higher than rental increases.

The study focused on four- and five-star properties in the rental and homeownership markets to ensure an apples-to-apples comparison and to address the surging demand for housing in major cities.

Younger generations just don't want to commute like past generations have - they want to live in cities, near restaurants and bars, where they can work and play in the same area. While there's a lot of affordable housing in the suburbs, that's just not where people necessarily want to live.

So, the study compared the average monthly rent of a high-end apartment with the monthly cost of owning a one-bedroom condo in that city or a three-bedroom single-family home in a low-crime suburban area. The monthly cost of homeownership assumed a 15% down payment on a 30-year fixed rate mortgage, and included taxes, home insurance and PMI.

However, the other 24 markets were more costly to own than rent, with 15 of them being at least 20% more expensive.

Los Angeles showed the biggest dichotomy, with the average cost of owning a home being 39% higher than the average monthly rent. This was followed by Austin, Seattle, Nashville, San Francisco, San Jose, New York/New Jersey/Connecticut, Dallas/Fort Worth, Charlotte, Houston and Orange County, where the monthly cost of owning was more than 30% higher than renting.

On the surface, the report's results seem odd, given the country's 30-year fixed-rate mortgage averaged 3.5% in the week that ended Sept 15, and has remained under 4% for much of the past year.

However, housing prices have been rising at a far sharper clip than rents. Average home prices climbed 5.3% in July 2016 from a year earlier and surged 42.6% from the sector's trough in 2011.

A number of factors are driving the spike in home prices: Low mortgage rates, the country's attractive 4.9% unemployment rate, foreign investors snapping up U.S. single-family homes and condos as safe havens for investment, and - most importantly - a surge in "flippers," which are investors who buy homes and sell them within a year for a quick profit.

Inventory also plays a role. Most construction in recent years has been in building multifamily units - condos and rental apartments. There's a ton of supply coming into the apartment world, which is keeping rents low enough that they're not infringing on homeownership costs.

Whereas, housing inventory has declined.

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

#HowYouLive
thestreet.com


Charlotte, NC is a Manly City!

Joseph Coupal - Thursday, September 15, 2016

Step aside men of Motown, Sin City and the Big Apple. Mars Snackfood US announced the release of the “Top 50 Manliest Cities” in the U.S. The same research expert behind the popular “Best Places to Live” studies performed the study.

The “Top 50 Manliest Cities” study examines what makes a city manly and ranks 50 major metropolitan areas using criteria such as number of professional sports teams, popularity of power tools and frequency of monster truck rallies. Cities also lose ranking points for emasculating characteristics like the abundance of home furnishing stores, high minivan sales and subscription rates to beauty magazines.

Men take great pride in their hometowns. This fact spurred the idea for a formal study on the manliest cities in America – specifically, “America’s Manliest Cities.” The “America’s Manliest Cities” study is a fun way to let the men of America know exactly where they stand against their brethren coast-to-coast. Charlotte, NC is #2!

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

Bestplaces.net

Charlotte, NC is One of the Most Romantic Cities for Boomers

Joseph Coupal - Wednesday, September 07, 2016

Home may be where the heart is, but for many baby boomers, home can be where fun and romance blooms too. Forget about household chores, there's more to life!

Here are the top 10 cities in the United States where romance blooms for boomers--no matter what the interruption. Interestingly, Pittsburgh came out on top as the number one city where the boomer set is finding special moments for romance.

In fact, according to our study, boomer marriage rates in Pittsburgh ranked eighth among the 50 largest metro areas in the United States with the second-lowest percent of divorced and separated boomer adults among the 50 largest cities.

Living in the most romantic cities means boomers are ready for the special moments in a relationship and take the time to create them, by showering their true love in flowers and candy. Floral sales rank high in these place as does candy sales among the top 10 cities.

Top 10 Cities That Have That Loving Feeling

Pittsburgh, PA
Salt Lake City, UT
Raleigh-Durham-Chapel Hill, NC
Providence, RI
Charlotte, NC
Hartford, CT
Minneapolis, MN
Rochester, NY
Dallas, TX
Houston, TX

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

#HowYouLive
bestplaces.net



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