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 UsAustonChase001@myLTSMail.com Auston Chase Apartment Homes Google Map View Map
Auston Chase Apartment Homes Facebook Auston Chase Apartment Homes Twitter Auston Chase Apartment Homes Google+ Auston Chase Apartment Homes Instagram Auston Chase Apartment Homes RSS Feed
Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$930-$1,495

Apartment Homes Bluffton SC

Apartment Hunting? 4 Things to Know – Ridgeland, SC

Apartment Hunting? 4 Things to Know – Ridgeland, SC

Joseph Coupal - Thursday, February 16, 2017

Auston Chase, Ridgeland, SCWhen you’re house or apartment hunting, some things just go without saying. Yes, you have to find a place that’s a good location for you at a good price. Yes, you want it to be safe. But what about the other things you should look for before you sign a rental agreement? If you’re not sure where to start, take a look at the following four things.

1. Take Your Time

Rushing a landlord/ tenant agreement can hurt a potential tenant in the long-run. Make sure you thoroughly check the space out, noting damage that already exists. Also check to see if things work: Does the toilet flush? Do the light fixtures work? How about the stove? If something doesn’t seem right, don’t jump on the agreement without thinking about it. You don’t want to get caught in a lease in a building that’s a real lemon.

2. Tenant Screening

Most would-be tenants expect that a landlord will run a background or a credit check. The potential tenant actually might do well to think about what a tenant screening will involve in its entirety. This may include checking to see if they have property insurance or any type of liability insurance. Depending on the screening type, it can even include an in-depth look into their personal record to make sure that he or she is the type of person that the landlord wants to lease to. As having different types of insurances can look attractive, you should get up-to-date on the ones that your rental situation may be asking for. You can also let your landlord know that insurance is a part of the financial package that you bring to the table.

3. What’s Included?

Often the ad for the apartment or home that you’re renting will tell you if utilities or trash are included in the price of the rent. Yet, you should still check with your would-be landlord to find out. Don’t just assume. If you live in a building that has a gym downstairs, are you allowed to use it? Can you bring guests? Are there perks like morning coffee in the lobby or a free pass to board public transit? These little extras may make the place exactly what you want. They may also cost you a fortune if they turn out to be hidden costs.

4. Can You Make it Your Own?

Another thing that you should do before you move in and sign any lease is to ask what you’re allowed to do with the space. It’s important to know what exactly you’re not allowed to do as well. Are you dying to create a burgundy red accent wall? You should ask if you can paint. What about hanging those gorgeous pictures? Some landlords will be reasonable, and so it is definitely worth asking.

Having your own place is a real joy. It’s also a real pain if something goes wrong. Many of the things that cause a tenant heartache are obvious once you know what to look for. Be sure to check out everything beforehand and be prepared to walk away until you find a better space.

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

#HowYouLive
realtybiznews.com


Renting Can be Better than Owning – Ridgeland, SC

Renting Can be Better than Owning – Ridgeland, SC

Joseph Coupal - Friday, February 10, 2017

Auston Chase, Ridgeland, SCMany are under the belief that home ownership is the sure-fire way to build equity. When you buy a home, you discovered that home ownership has a lot of hidden expenses beyond just the mortgage and that home ownership can be a big mistake. In fact, there are many situations where continuing to rent makes more sense even when you have the resources to buy a home.

First of all, you’re going to want to make the choice that results in the smallest amount of your monthly income vanishing into the abyss. There are a lot of expenses when you own a home that are required to maintain and adequately protect your home and most of those bills do nothing more than maintain the home you already have.

In other words, you have to add up the total of the bills you’re paying each year in relation to your home and subtract from that the equity you build to see how much your housing is actually costing you. That number then needs to be compared to the cost of a year’s rent and rental insurance. Whichever number is lower is the option you should go with.

The expenses are numerous.

Mortgage payment. During the first half of your mortgage, the majority of your monthly payment will go to interest, while less than half will actually build equity in your home. The first few years, in particular, are mostly given over to interest. If you make a $1,000 mortgage payment and $900 is interest, you’re only building $100 equity in your home.

Homeowners insurance. This is an expense you need to have to protect against the unknown. You can reduce the cost of homeowners insurance with careful shopping, but it’s still an expense.

Property taxes. Renters are almost always shielded from this. Property taxes can vary widely, but unless you live in a very low cost area, it’s going to be in the thousands of dollars annually.

Maintenance and upkeep. A good rule of thumb here is that your home will cost 1% of your property value to maintain each year. Thus, if you have a $200,000 home, you’ll find yourself dumping $2,000 into property maintenance annually.

Increased energy costs, major appliance costs, homeowner association fees, and new utility fees (like garbage removal and sewer costs) that you might not have been paying before.

If you are making the decision to rent or buy, make up a balance sheet. Try to estimate all of the costs for each option along with the equity gained in each option, add up the expenses, subtract the earnings, and then see what option comes out on top.

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

#HowYouLive

Christian Science Monitor


Now It Takes Longer To Break Even When Owning Instead Of Renting – Ridgeland, SC

Now It Takes Longer To Break Even When Owning Instead Of Renting – Ridgeland, SC

Joseph Coupal - Friday, February 03, 2017

Auston Chase Apartments, Ridgeland, SCThe Breakeven Horizon from Zillow, which measures the amount of time a person needs to live in a home before buying is financially better than renting, has increased 20 days from a year prior to 1 years and 11 months in Q4 2016.

Zillow says that the slowdown of home value growth in pricey markets, many of which are on the coasts, has lengthened the breakeven point.

The Breakeven Horizon factors in growth in rents and home values, price-to-rent ratios, and mortgage rates.

It now takes an additional year and a half to justify homeownership to renting.

Driven by both a slowdown in home value growth over the past year and by continued slowdowns to come, the Breakeven Horizon has lengthened in many of the nation’s most expensive markets.

An expected slowdown in the pace of home value growth in a number of pricey, fast-moving markets means it may take longer going forward to break even financially when buying a home in those areas compared to renting it.

Zillow’s Breakeven Horizon estimates the number of years you would have to live in your home for buying it to have been more cost effective than renting it. Factors including expected growth in rents and home values, price-to-rent ratios and mortgage interest rates can all have a significant impact on the costs and benefits of renting versus buying.

Because home values are growing more slowly, it will naturally take longer to earn enough equity in a home to offset the very large upfront costs necessary to purchase a home.

Home values have rebounded strongly over the past several years, and in some areas are higher than they’ve ever been, so the question of whether or not it’s a good time to buy is becoming less obvious to many households as home affordability itself suffers. Thankfully, for most households, buying a home is not – and should not be – about timing the market and making a financial killing. It’s about deciding where and how to live, and knowing how long you’ll need to wait before making those decisions again.

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

#HowYouLive
zillow.com



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 UsAustonChase001@myLTSMail.com
Auston Chase Apartment Homes Google Map View Map
Auston Chase Apartment Homes Facebook Auston Chase Apartment Homes Twitter Auston Chase Apartment Homes Google+ Auston Chase Apartment Homes Instagram Auston Chase Apartment Homes RSS Feed
Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$930-$1,495