Auston Chase Apartment Homes

59 Summerlake Circle, Ridgeland, SC 29936
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Apartment Homes Bluffton SC

Why Not Retire in Ridgeland, South Carolina?

Why Not Retire in Ridgeland, South Carolina?

Joseph Coupal - Thursday, August 17, 2017

Auston Chase Apartments, Ridglenand, SC6. South Carolina

  • Population: 4.7 million
  • Share of population 65+: 14.7%
  • Cost of living: 12% below the U.S. average
  • Average income for 65+ households: $39,985
  • Average health care costs for a retired couple: Below average at $373,631
  • South Carolina's tax rating for retirees: Tax Friendly

If the mild weather and southern charm of the Palmetto State isn't enough of a retirement draw for you, surely the affordability can tempt you. On top of well-below-average living costs, the tax situation goes easy on a fixed income, too. South Carolina doesn't tax Social Security benefits and offers generous exemptions on other types of retirement income. It also does not levy an inheritance or estate tax. Property taxes tend to be very low.

South Carolina also offers ample amounts of golfing, beach bumming and water activities.

For more information on retiring an apartment in Ladson, SC contact Abberly Crossing.

You Should Probably Rent in Retirement

You Should Probably Rent in Retirement

Joseph Coupal - Thursday, August 10, 2017

Auston Chase, Ridgeland, SCThere are lots of good reasons to own a home, both as a working adult and as a retiree.

But despite these perks, a growing number of older Americans are choosing to forgo homeownership in favor of renting instead. A recent study by Credit Sesame found that 33% of baby boomers and 46% of seniors 65 and over are making a conscious decision to rent, even though they can afford the latter option. It therefore raises the question: Is homeownership later in life such a good idea after all?

Renting in retirement has its benefits

The motivation to rent in retirement when you can otherwise afford to buy typically boils down to one thing: locking in your costs. Most retirees live off a fixed income, so it stands to reason that the more fixed costs they're able to work with, the better. And while many retirement expenses come with their fair share of variables, there's perhaps no more volatile a budget-buster than owned property.

While it's true that your mortgage payment can't go up in retirement (assuming, of course, that you have a fixed loan, and not a variable one), that's just one piece of the homeownership puzzle -- and it's your peripheral costs that are likely to climb. Take property taxes, which, in some parts of the country, can equal or even exceed one's mortgage payment itself. Even during periods when home values drop, property taxes still have a tendency to rise. In 2000, U.S. homeowners paid an estimated $247 billion in real estate taxes, but by 2010, that figure climbed $476 billion. Of course, the housing market had by no means recovered by 2010, but that didn't matter -- homeowners were still on the hook for higher taxes.

Then there's maintenance to consider. The average homeowner spends anywhere from 1% to 4% of his or her home's value on annual upkeep. Now if you happen to buy a new home in retirement, you can probably keep your maintenance costs to the lower end of that range. But if you're hanging onto a house you've been living in for years, chances are you'll be facing the higher end. For a $400,000 property, that's $16,000 a year on maintenance alone.

Regular upkeep aside, when you own a home, there's always the possibility of a major appliance going bad, or a significant repair popping up when you least expect it. If you're on a tight budget, which many retirees are, and you're suddenly forced to shell out $10,000 to replace a faulty roof, the financial impact could be downright catastrophic.

That's why in many cases, you're better off renting in retirement than owning. Yes, you will have to accept the fact that your rent will probably go up year after year, but if you sign a multi-year lease, you can mitigate this risk. And if your rent does go up to the point where you no longer feel it's affordable, there's always the option to pick up and move. Will that be easy? No. But it's an option nonetheless -- whereas ignoring a capsizing roof is not.

Again, there are benefits to owning a home in retirement that make it a viable option as well. On top of the aforementioned tax breaks, your home can serve as a source of equity, whether via a loan or a reverse mortgage . But if your savings are limited and you're worried about money, renting a home may be the better choice for your senior years. This way, you'll get a roof over your head, without the financial obligation to be the one to fix it.

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


Retire in Bluffton, SC

Retire in Bluffton, SC

Joseph Coupal - Wednesday, August 02, 2017

Auston Chase, Bluffton, SCFor the more than 36 million Americans who will turn 65 in the coming decade, the best cities and towns to retire in now have a much higher bar to clear: They can't just be great places -- they have to be affordable. Each week, tours a different state to find less-expensive alternatives to the most well-known golden year destinations.

Spend a day or two in the Palmetto State, and you may quickly understand the state slogan -- "smiling faces and beautiful places." But residents say there's more to South Carolina than Southern charm and beautiful landscape, including its world renowned Lowcountry region that extends 150 miles along the state's coast. The state also boasts low property taxes and zero state estate tax. And while a growing number of retirees have been flocking to the state for its mild winters and slower pace, the state remains a bit of an "undiscovered gem."

And while many of the state's smaller cities and towns are filled with historical sites and a good mix of cultural offerings, residents say it isn't the place to come strictly for shopping or nightlife.

On top of that, many of the state's more popular destinations have gotten pricey. Take Hilton Head Island, a Lowcountry resort town about 20 miles north of Savannah, Ga. All the extra attention, however, has lifted prices: The cost of living is more than 60% higher than the national average and the median home price is more than $500,000, according to Sperling's Best Places.

Still, for those looking for a warm and friendly retirement retreat Lowcountry-style, there are cheaper alternatives. And Bluffton, SC: is perfect for the retiree priced out of Hilton Head

If you've been dreaming of Hilton Head but can't afford it, retirement pros say Bluffton is an excellent alternative. Dubbed the "Gateway to Hilton Head," Bluffton offers easy access to Hilton Head's beaches and two dozen world-class golf courses. Plus, residents say Bluffton itself has a plenty to offer, including all types of residential property ranging from retirement community developments to homes along the picturesque Colleton River. Bluffton took on the Hilton Head development model so there are lots of self-contained communities that have their own clubs and golf courses at every price level. There's also the quaint historic district called "Old Town Bluffton," which is lined with antebellum architecture, art galleries, antique shops and restaurants.

For more information on apartments near Bluffton, SC contact Auston Chase.


Reasons Why Buying a Home is NOT a Good Investment

Reasons Why Buying a Home is NOT a Good Investment

Joseph Coupal - Thursday, July 27, 2017

Auston Grove, Ridgeland, SCSome Americans believe that buying their own house is the best and smartest investment they'll ever make.

There are several valid reasons for buying a home. But buying as an investment or as the cornerstone of your long-range financial plan should not be one of your primary motivators. If your home doubles in value over the next few years, then great! Consider it a bonus. There are several reasons you shouldn't look at your home as an investment, especially in today's economy.

An inefficient investment

The main reason not to buy a bigger or fancier home simply because "it's an investment" is that there are much better ways to put your extra dollars to work. Real estate has generally appreciated around 4% to 5% per year on average, and this can be higher or lower depending on your specific location. Depending on what statistic you look at, home prices have historically appreciated at 3.4% to 5.4% annually over the past 20 years.

Compare this with an average annual return of 9.1% for an S&P index fund, 7.2% for the average mutual fund, and 7.16% for the ultra-safe 30-year Treasury, although it pays less these days, around 3.65%.

Simply put, the risks are not worth the rewards.

Don't forget about mortgages

Your mortgage will cause you to pay much more for your home than the agreed-upon price, which also will eat away at your returns. Let's say you buy a $300,000 home and put 20% down, so you finance the remaining $240,000 at 4.5% (about today's rate for a 30-year mortgage). If your home appreciates at 5% annually, by the time your mortgage is paid off, it should be worth around $1,296,583.

However, because you are paying interest on your mortgage, when you add up all of the payments, you're really "paying" a total of $497,794 for the house. This implies a total return of $798,809 after 30 years, or just 3.2% per year on an annualized basis.

Poor risk/reward ratio

When you consider the risks involved with owning a home, it is not really a prudent long-term investment. In fact, the risks associated with owning a home are quite comparable to the level of risk associated with investing in an index fund. From top to bottom, the S&P lost 58% of its value before bottoming out. It has since recovered to a level that is 13% above its pre-crisis peak.

In contrast, the U.S. real estate market fell about 35% from its peak and is currently well below its pre-crisis peak.

There are good investments in real estate, but your home isn't one of them.

If you really want to "invest" in real estate, the only worthwhile way to do it is to buy an actual investment/rental property. These can be very lucrative if done correctly. In theory, an investment property should be a house (or apartment building, commercial space, etc.) that you buy and someone else pays for over time.

To sum it up, there are several ways of putting your investment dollars to work that simply make more sense than buying your own home. It just doesn't make sense for "investment" to be the reason to spend more on a house in the hopes of producing long-term gains.

For more information on apartments in Ridgeland, SC, contact Auston Chase Apartment Homes.


Daily Finance

How to Decide Whether to Rent or Buy

How to Decide Whether to Rent or Buy

Joseph Coupal - Friday, July 21, 2017

Auston Chase, Ridgeland, SCHomeownership is commonly considered a sign of success, but in some cases, it can actually work against your financial goals.

While buying and renting can both be good options under the right circumstances, people underestimate the hassle of owning and the benefits of renting because they are hardwired to do so.

Let's face it: most of us have a deep-rooted feeling that homeownership equals success and buying equals progress. Renting, on the other hand, is often seen as a form of failure—or even "settling." If you can't afford to buy, you just rent because you need a place to live, right?

This line of thinking is dangerous.

Before you commit to buying, it's important to note why you're doing it in the first place. If you're considering a home purchase to appear successful, you're setting yourself up for failure. If you're shopping for a home because you feel like it's a natural next step, you're making a mistake.

The Case for Renting

Renting may not feel like progress, but that doesn't mean it's not the right move for you. The fact is, renting comes with a ton of huge benefits, including:

1. Flexibility. 

Maybe you prefer to move around, seeing new neighborhoods and cities. No matter what, it's hard to put a dollar value on that experience and enjoyment. In addition, if you anticipate a career or job change, renting might suit you better, as buying a home can hinder your flexibility to pick up and move.

2. Avoiding homeownership costs. 

Homeowners are painfully familiar with unforeseen and often hefty costs such as furnishing, decorating, leaky pipes, landscaping, general maintenance—you name it. As a tenant, you enjoy the perks of your home without the worrisome financial burden.

3. Liquidity.

Generally, you can't turn a house into cash overnight. Many people invest their life savings into a home, putting the bulk of their net worth into an illiquid asset. Risk comes with tying up a large portion of your wealth in such an asset. Renting allows you flexibility and other investment options.

4. Building credit. 

As consumers, we need a healthy credit score for pretty much everything we do, from getting a new cell phone plan to buying a car. While renting doesn't boost your credit rating like owning a home might, creating a history of on-time rental payments can, in some cases, help build your credit to qualify for a mortgage down the road. This history begins when (and if) your landlord reports your payment data to credit agencies. Third-party services can help you report this information on your behalf.

For more information on apartments Ridgeland, SC, contact Auston Chase.



Reasons To Move To The Bluffton, SC Area

Reasons To Move To The Bluffton, SC Area

Joseph Coupal - Thursday, July 13, 2017

Auston Chase, Beaufort, Bluffton, SCSouth Carolina’s cities and towns are always making lists of one sort or another. Perhaps it’s because South Carolina is the most beautiful, friendly and popular place to live or visit in America.

On that note, there’s one South Carolina town that is getting lots of state and national attention lately. If you’re considering a move, this just might be the place for you. Here are 10 reasons why:

  1. Bluffton was named a Southern Dream Town by Garden & Gun Magazine in their June/July 2015 issue.
  2. The U.S. Census Bureau just named Beaufort County the 12th fastest growing community in the nation from 2014-2015.
  3. In 2015, we named Bluffton, SC the 3rd Safest and Most Beautiful Place to Live In South Carolina.
  4. Forbes Magazine has named Bluffton, SC one of the Top 25 Places In The U.S. To Retire.
  5. In 2015, Bluffton was named the #3 town in South Carolina to raise a family. The ranking was bestowed by the website
  6. The Huffington Post named Bluffton, SC the #1 destination on its list of Ten Amazing Non-Beach Alternatives For A Summer Getaway. But we ask, why stay for JUST a weekend?
  7. Bluffton is one of the Top 10 SC Cities for Home Ownership, according to the consumer website, NerdWallet.
  8. In 2015, the American Farmland Trust ranked the Farmers Market of Bluffton #20 in the nation for their People's Choice Award.
  9. This charming town has quite a few historical homes and buildings, including "The Store," built in 1906.
  10. In 2014, the website NerdWallet named Bluffton one of the Top 10 Cities on the Rise in South Carolina.

All of these accolades for Bluffton are certainly great reason to live here. For more information on apartments near Bluffton, SC contact Auston Chase.


4 Reasons to Rent

4 Reasons to Rent

Joseph Coupal - Thursday, July 06, 2017

Auston Chase, Ridgeland, SCBuying a home is part of the American Dream, but that doesn't necessarily mean it's the best choice for you.

For decades, the conventional wisdom has been that buying a house makes much better financial sense than renting one. After all, you'll have to spend a large chunk of your income on housing either way, so doesn't it make more sense to invest that money in something you'll eventually own, rather than simply forking cash over to someone else?

However, a number of factors can make renting a much wiser financial decision than buying. Here are four good reasons why it may be smarter for you to rent instead of buy.

1. You're not staying in the home very long

The sooner you intend to move, the less sense it makes to buy.

If you plan to stay put for less than two years, then buying a house would be a poor investment. In such a sort amount of time, the home likely wouldn't gain enough value to make up for the costs of buying and selling it, like realtor commissions, closing fees, moving expenses, and so on. And don't forget that buying or selling a house is a huge hassle compared to switching from one rental to another.

2. You're in an inflated housing market

Some parts of the country are prohibitively expensive to live in. Coming up with a down payment for a $500,000 house is considerably harder than coming up with a down payment for a $150,000 house. But what makes certain highly desirable urban areas really problematic is that home prices in these areas can be driven steeply upward by the high demand. Not only would you have to pay an inflated price for the house, which makes it harder for you to turn around and sell it for a gain in a few years, but you'd also have to pay far more each month as a homeowner than you would as a renter for the same amount of house.

3. Your income isn't secure

If you're not confident in your job security, then now is not the time to make a huge purchase like a new house.

If you suddenly lose a major source of income, then you may need to cut your housing costs in order to get by. That's a relatively quick and painless process if you're renting; you might pay a fee to end your lease early, but you could move to a cheaper home in a matter of days. If you own your home, then a career crisis could force you to sell your house at a bad time; it may take months to find a buyer, or you might end up selling the house for less than you paid for it.

4. You have no savings

If an emergency savings account is important for a renter, it's absolutely crucial for a homeowner. As a renter, if something goes wrong with the house, you can simply call the landlord, who will have to pay to fix the problem. As a homeowner, all the expense lands squarely on your shoulders. Even if nothing expensive breaks down on you, homeowners have ongoing additional costs such as homeowner's insurance and property taxes.

If you don't budget for such expenses or run short one month, you may end up having to tap into savings to pay for them. And if you don't have a well-funded savings account, you may be forced to turn to credit cards -- and that repair bill will be made even more expensive by interest and possibly fees.

Also don't forget that ponying up a down payment will take a big bite out of your savings. You'll need to make sure you still have a solid emergency fund after you've paid out the down payment and the cost of moving. After all, what's the point of buying home if you'll be too busy fretting about expenses to enjoy it?

For more information on apartments in Ridgeland, SC, contact Auston Chase.


The Motley Fool

Apartment Renting Checklist

Apartment Renting Checklist

Joseph Coupal - Thursday, June 29, 2017

Auston Chase, Ridgeland, SCMaybe you're apartment hunting for your first apartment in Ridgeland, SC, whether you are a college student, grad student, recent college grad, or baby boomer, whatever your situation there are some things to consider before you sign a 12 month lease.

Here are a few tips when renting:

Before you even start looking for a 1-bedroom apartment in Ridgeland, SC, know how much you can afford to spend. Housing is the biggest monthly expense for most people so if you miscalculate how much rent you can afford, your budget will suffer. In addition to rent, there are additional expenses like security deposit, utilities, cable, Internet, renters insurance, and one-time move-in expenses like window treatments, appliances or rugs.

Check out the neighborhood before you sign. Determine how safe you feel walking around. Come back to see if the neighborhood's character changes at night or on the weekend. Also note the proximity to parks, schools, grocery stores, public transportation and busy commuter routes.

Thoroughly inspect each potential rental:

  • Look at total useable space.
  • Use a tape measure to measure each room to determine whether your furniture will fit. Ensure there's sufficient closet, cupboard and storage space.
  • Look for safety features like deadbolts and peepholes, well-lit corridors, stairwells and parking areas, smoke detectors, fire extinguishers.
  • In multi-unit buildings, note the condition of common areas.
  • Note the condition of appliances, plumbing fixtures, floors/carpeting, electrical outlets and switches, light fixtures, walls and windows.

Once you find a suitable place, read the rental agreement carefully.

And finally, be aware that many landlords check credit reports of potential tenants. HHHunt apartments report on-time rental payments in order to help boost your credit ratings.

For more information on Auston Chase Apartments, contact us.


Cherry Creek News

South Carolina Low Country Popular with Boomers

South Carolina Low Country Popular with Boomers

Joseph Coupal - Wednesday, June 21, 2017

Auston Chase, Ridgeland, Bluffton, SCSouth Carolina has experienced rapid growth in the last 30 years, much of it from retirees seeking a warmer climate and lower cost of living. As more and more baby boomers begin to retire that trend is certain to continue. Retirees have been moving into all parts of the state, the area in the southwest low country, but near Hilton Head has experienced the most explosive growth.

South Carolina's population is growing. Some of that growth is coming from retirees entering the state. Obviously the housing market crash has impacted sales and prices in 55+ and active adult communities in SC, but probably less so than for the housing market in general. For the record, South Carolina has an income tax maximum rate of 7%, people over 65 get some significant exemptions.

Thanks to the great success of Hilton Head Island as a vacation and retirement spot, the entire southwestern area of the state is now a retirement hot bed. Part of the attraction is the many rivers and bays are in the area, making waterfront living possible for many people at somewhat reasonable prices. Here we will take a look at the various areas near Hilton Head.

Bluffton. This is a much nicer town, located on a bluff overlooking the May River. In this old town near the river you can discover art and antique galleries and the Riverfront Pocket Park and Garden. The area is famous for its Bluffton oysters, and in town the oldest continuous oyster-shucking facility in South Carolina is a local attraction. Bluffton also hosts a number of active adult communities, including some huge ones.

Beaufort. Just north of Hilton Head is another classic southern town, Beaufort. Horse-drawn carriages roll along streets in the town’s charming historic district that are overhung with Spanish moss. The area offers a laid back atmosphere that most people find very relaxing. Beaufort has 304 acres of the town designated as a National Historic Landmark. Many active adult communities radiate from town.

Other Towns in the region. The region is dotted with active adult communities to explore. Some of the other small towns in the Southwest Low Country include Laurel Bay, Burton, and Shell Point.

What People Like about this area of SC:

  • Mild winter climate
  • Being near the coast, bays, and rivers
  • Cachet and prestige of Hilton Head
  • Brand new,master-planned developments
  • Outstanding recreation such as golf, tennis, fishing, boating
  • Many of the towns are charming

This part of SC is definitely one of the best retirement regions in the world. For more information on apartments near Bluffton, SC contact Auston Chase.


Retiring Around Bluffton, SC

Retiring Around Bluffton, SC

Joseph Coupal - Thursday, June 15, 2017

Auston Chase, Ridgeland, SCBluffton is a small town with a population of about 13,000 (but 37,000 in the area), on the coast of South Carolina just off of Hilton Head Island and near the Georgia border. The town is located on a bluff overlooking the May River in an area long known for tourism. In the old town near the river, residents will discover art and antique galleries and the Riverfront Pocket Park and Garden. The area is famous for its Bluffton oysters, and in town the oldest continuous oyster-shucking facility in South Carolina is a local attraction. Originally the town was confined to 1 square mile, but it has since then annexed over 32,000 acres for future development. The University of South Carolina Beaufort-New River campus was a welcome new addition to this area. Savannah is 18 miles away. Bluffton is located in Duval County.

What is special about Bluffton

• Charming old town on the river • Proximity to Hilton Head Island, Savannah, Beaufort and a short ride to the beautiful city of Charleston • Luxurious golf course communities • A new and rapidly developing area • Milder winters

Who will like retirement in Bluffton

Bluffton attracts a community of people who either want to live in a charming, walkable, old river town or expensive new golfing communities.

Restaurants & Cultural Scene

There are antique stores, art galleries, and museums in Bluffton (such as the Heyward House Historic Center). Nearby Hilton Head Island and Beaufort have cultural opportunities, as does nearby Savannah. The University of South Carolina-Beaufort offers part-time and continuing education opportunities.

Medical facilities

Hilton Head Hospital is 7 miles away and Costal Carolina is 2 miles away. Beaufort Memorial is 25 miles away and Savannah Hospital is 20 miles away. Bluffton has a new Medical Park in Bluffton also.


Savannah/Hilton Head International airport (22 Miles); When compared to other communities, Bluffton is very walkable.

For more information on apartments near Bluffton, SC, contact Auston Chase.


Auston Chase Apartment Homes

59 Summerlake Circle, Ridgeland, SC 29936

Auston Chase Apartment Homes Phone Number Call: 833-292-0330
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Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P