Auston Chase Apartment Homes

59 Summerlake Circle, Ridgeland, SC 29936
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Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P


Apartment Homes Bluffton SC

Why Renting is Better than Buying – Bluffton, Ridgeland, SC

Why Renting is Better than Buying – Bluffton, Ridgeland, SC

Joseph Coupal - Thursday, January 26, 2017

Auston Chase Apartments, Ridgeland, SCWhile both renting and buying have their own sets of financial advantages, renting does appear to have an edge when the economy is poor. There are tremendous financial benefits to renting as opposed to buying a house of your own. Here is a look at 10 reasons why renters have the better financial deal over homeowners.

No Maintenance Costs or Repair Bills
A definite advantage that renters have is that they have no maintenance costs or repair bills to pay off. When you rent, your landlord is responsible for all maintenance and repair costs. If an appliance stops working or your roof starts to leak, you do not have any financial responsibility to have these things fixed.

Access to Amenities
Another financial benefit to renting over buying a house of your own is having access to amenities that would otherwise be a huge expense. Luxuries such as an in-ground pool or a fitness center come standard at many midscale to upscale apartment complexes with no additional charge to tenants.

No Real Estate Taxes
An obvious benefit that renters have over homeowners is that they do not have to pay real estate taxes. Real estate taxes can be a hefty burden for homeowners.

No Big Down Payment
Another area where renters have the better financial deal is upon signing. You do not have to have a huge down payment saved up to move into a rental property. While the exact amount you need to move in varies from case to case, the total amount is significantly less than you would need to buy a house.

Shaky Market Creating More Renters
While many experts claim the U.S. Housing market is making a full recovery, others aren't so sure. An article written by International Business Times claims that the market is just now stabilizing and the word 'recovery' is unwarranted.

Decreasing Property Value
Property values go up and down, and while this may affect homeowners in a big way, it does not affect renters. Home value determines the amount of property taxes you pay, the amount of your mortgage and more. In a rocky housing market, renters are not as adversely affected.

Flexibility to Downsize
In today's economy, many people struggle to make ends meet. By renting, you have the option to downgrade into a more affordable living space at the end of the lease. When you are a homeowner, it is much more difficult to break free of an expensive house because of the fees involved with buying and selling a home.

Fixed Rent Amount
Rent amounts are fixed for the span of the lease agreement. This means you are able to budget more efficiently since you know the amount of rent you are required to pay. Mortgages and the amount of the property tax can fluctuate.

Lower Insurance Costs
While homeowners need to maintain a homeowner's insurance policy, renters would be wise to invest in a renter's insurance policy. Luckily for renters, renter's insurance is much cheaper and it covers quite a lot. The average cost of renter's insurance is just $12 per month.

Lower Utility Costs
It is much more affordable to heat and power an apartment or small rental home as opposed to a larger home. Rentals typically have a more compact floor plan, and renters can expect lower utility costs.

The Bottom Line
While owning a home may be beneficial over a long period of time, for many people renting is the better option. There are plenty of examples that show how renting can save consumers a considerable amount of money. The choice of whether to rent or buy is a personal one. Before making a hasty move, make the financial decision that is right for you and your family.

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


Finding a Home in a New City – Ridgeland, SC

Finding a Home in a New City – Ridgeland, SC

Joseph Coupal - Thursday, January 19, 2017

Auston Chase apartments, Ridgeland, SCMoving to a new city can be daunting, but there are ways you can make it easier.

Moving to a new city can feel overwhelming. You’ll soon be surrounded by all new places and faces, which will certainly take some time to get used to. One thing that will help you get settled more quickly? Choosing the perfect place to live – one that makes you feel comfortable right away.

You may be thinking, “How can I find a home I love in a new city I know nothing about?” If you know exactly what to look for and the right questions to ask yourself, it will be easy to narrow down your options. First things first: Hit your new city for a day of exploring.

Rent or Buy?

First you’ll need to make an important distinction: Are you looking to rent a home or buy? Your finances may answer this question for you; buying a home is a major monetary commitment that takes serious planning, so be sure you are ready.

Thinking beyond bank accounts, there are other reasons it might make sense to rent rather than buy at first in a brand new city. Many real estate agents recommend renting first to get to know the area.

Rent in a new city before buying to give yourself a chance to get to know the areas. What corners you like best. Get a good understanding of how long certain commutes are to your work and other important activities.

It also gives you time to make sure you’ll actually like the new job and city.

What a nightmare it would be to buy a home in a new city, only to end up hating the job (or city) and moving back within a few months.

Lastly, the type of home you’re interested in may help narrow down your choice to rent or buy. If you definitely want an apartment/condo in a high-rise building, that is more likely available for rent.

Learn the Neighborhoods

As you start apartment hunting, keep in mind the three most important words in real estate: location, location, location. Choosing your new neighborhood can actually be more important than most other things.

As you check out the neighborhoods in your new city, consider the following: Do you want to live downtown, or in a more suburban or rural area? There are certainly pros and cons to each option.

Downtown, you may be within walking distance to great restaurants, fun entertainment and, conveniently, your place of work. That being said, you could also deal with negatives like loud street noise or frequent construction.

In the suburbs, you could have more green space with parks and playgrounds. However, if you’ve decided you’re looking for an apartment, your options might be limited outside of downtown.

Your transportation situation is also a key factor to consider. Do you own a car? How far are you willing to commute to work, and where does the neighborhood fit into traffic patterns? Take commute time into account, not just the distance.

Once you’ve pinpointed the general area you want to be, try plugging the coordinates into GPS to determine if your driving time is satisfactory to you during rush hour.

Other key factors to keep in mind when exploring a neighborhood are the specifics that fit your family’s needs. Do you have children, or are you planning a family in the future? If so, find out about the schools in the areas you’re considering.

If possible, drive around each of the schools those neighborhoods feed into. Even if you don’t have children this can give you a feel for the area.

And, of course, talk with someone familiar with the city – your new coworkers or friends in the area.

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

Good Call

In Retirement, Rent or Buy? – Ridgeland, SC

In Retirement, Rent or Buy? – Ridgeland, SC

Joseph Coupal - Friday, January 13, 2017

Auston Chase Apartments, Ridgeland, SCBy the time many of us retire we’ve become so accustomed to owning a home, that the idea of renting one might never occur to us.

But if you’re pondering a change of address in retirement, it’s worth considering all the angles of buying vs. renting, even if you haven’t been a renter since shag carpets were in style.

Home Prices Are Soaring

If you need to make this housing decision soon, you’ll want to take into account the recent run-up in home prices in many parts of the country since that could affect whether you can afford to buy.

When you’re figuring out whether to buy or rent an apartment in Ridgeland, SC  in retirement, a lot depends on your personal financial situation, of course. You’ll be factoring in such things as how much you’d get for selling your current home, your total savings and when and where you’ll retire.

That said, if you’re raring to relocate now, today’s low mortgage rates make this an unusually opportune time to buy.

If your retirement is years away, however, the picture could change. Higher mortgage rates, fast-rising housing prices or a combination of the two might make renting look like a bargain.

The Mortgage Issues

Of course, mortgages typically require a down payment, which can involve coming up with a serious chunk of cash up front.

If you’ve sold another home at a profit, the down payment might not be a problem for you. But if you’ll have to tap your IRAs or other retirement accounts, that move could seriously cut into the amount of money you’ll have left for daily living expenses.

Withdrawing money from a retirement plan for the down payment also means you’ll lose the valuable future tax deferral on it and might owe taxes (maybe even a tax penalty) when you take out the cash.

Then there’s the question of whether you even want to carry a mortgage in retirement.

You can argue that one both ways from a financial perspective.

But the mortgage decision is about more than finances. Many retirees report a psychological boost from not having a big debt hanging over them at this stage of life. And that’s worth something, too.

As you most likely know, if you buy a home, your property taxes will generally be tax-deductible, as will your mortgage interest payments if you finance the purchase.

If you rent, you’ll be out of luck, tax-wise, although you may be able to write off a portion of the rental as a home office if you run, say, a consulting business from there.

Keep in mind, though, that tax deductions won’t be as valuable to you if your income and tax rate drop after you retire, which is pretty likely.

So if you could save more than the amount of your tax savings by renting, then that might be the way to go, purely from a tax perspective.

The Investment Angle

You’ll also want to factor investing into your rent vs. buy equation.

Let’s say you sell your home of many years and walk away with a big profit as you enter retirement. You’ll basically have two choices: buy another place, possibly a less expensive one that will let you invest some of that equity or rent a home and invest all the money you made.

If you’re a capable investor, you might come out ahead by renting and investing your home-sale profits.

A portfolio made up of 50% stocks and 50% bonds delivered an average annual return of 8.3% from 1926 to 2012, according to Vanguard. That may be an overly optimistic number in today’s investment world, but it’s worth noting that the Yale economist Robert Shiller has found that housing has historically delivered an almost negligible return, once inflation is taken into account.

3 More Angles to Consider

Some of the most important questions you’ll want to ask yourself about buying vs. renting have little or nothing to do with money.

If you buy a home, how long will you stay? The Trulia study based its calculations on owning for seven years. But the site noted that you’ll see less of an advantage from buying if you don’t stay that long, due in part to the upfront costs of purchasing a home, like closing fees.

Retirees generally shouldn’t buy homes unless they intend to live in them for at least five to 10 years.

If you’ll be moving to a new area, it is recommended that you rent for at least a year to rule out any unhappy surprises. “Some people find it hard to assimilate into the new community.” “They miss their family back home or just don’t connect.”

Do you mind being tied down? Some retirees want the freedom to experience new places from time to time. That’s a good argument for renting, even if the cost is more expensive, since you’ll have an easier time pulling up stakes.

Other retirees, by contrast, like the feeling of rootedness that comes with being a homeowner.

This Housing Decision May Not Be Your Last

One final word on the subject: Keep in mind that where you move next may not be where you’ll stay throughout retirement. Given how long retirement can last these days, you could find yourself changing addresses several times and switching between renting and buying along the way.

For more information on renting in Ridgeland, SC during retirement, contact Auston Chase Apartment Homes.


Happy New Year 2017 from Auston Chase Apartments in Ridgeland, SC!

Happy New Year 2017 from Auston Chase Apartments in Ridgeland, SC!

Joseph Coupal - Thursday, January 05, 2017

Auston Chase Apartments , Ridgeland, SCA fresh new year has arrived once again. It’s the time to be thankful for everything we have and for everything we have achieved in the past year. But it is also time to start new, start strong, and accomplish everything we want to do this year.

It is also time for us to say “Thank You” for our success last year. If you are an existing associate, we have enjoyed working with you. If we are just embarking on a new relationship with you in 2017, we look forward to the opportunity. We are excited for what we all can achieve in 2017.

The New Year stands before us, like a chapter in a book, waiting to be written. We can help write that story by setting goals. – Melody Beattie

Happy New Year from Auston Chase Apartments in Ridgeland, SC!


Auston Chase Apartment Homes

59 Summerlake Circle, Ridgeland, SC 29936

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