Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216
Call: (888) 478-0065 (704) 597-7192 Email UsAustonWoods028@myLTSMail.com View Map

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

$883-$1,200

Apartments Charlotte NC Blog

Non-Cost Considerations of Rent vs Buy – Charlotte, NC

Joseph Coupal - Tuesday, June 23, 2015

Will you need to move in under 8 years?

Especially with today's higher down payments, it is anywhere from around 6 to 8 years before a home buyer can expect to get their money out of a home sale after the costs of sale. Those can be significant. If you're not sure about having to move being out of your control, buying may not be wise. It may be best to look for a 1 bedroom apartment in Charlotte, NC.

Are you just starting a new family?

This isn't a problem really unless you do like many first time buyers and get into a starter home that's fine for two of you. However, when children enter the picture within a few years, will you be pushed into upsizing and selling before you can recoup your costs, much less get any appreciation in equity?

Are you trading travel costs in this choice?

Many of today's best jobs are in technology, financial and medical sectors, and these companies tend to locate in large urban areas. Buying is usually much more costly close to the workplace. Moving farther out to buy affordably can result in hundreds of dollars in travel costs every month.

The smart move is to consider every factor impacting your lifestyle, instead of just looking at a direct cost breakdown. Sometimes renting may be a good "now" decision that you can far more easily change later than taking the buy first approach.

For more information on renting an apartment in Charlotte, NC, contact Auston Woods Apartments.

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Auston Woods Apartment Homes

5301 Roundstone Way, Charlotte, NC 28216

Call: 888-478-0065
Email UsAustonWoods028@myLTSMail.com
View Map

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

$883-$1,200