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 Usleasingoffice@liveaustonchase.com Auston Chase Apartment Homes Google Map View Map
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Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$930-$1,495

Apartment Homes Bluffton SC

4 Reasons to Rent - Beaufort, SC

4 Reasons to Rent - Beaufort, SC

Joseph Coupal - Friday, May 26, 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 Beaufort, SC, contact Auston Chase.

#HowYouLive

The Motley Fool


Financial Benefits of Renting – Ridgeland, SC

Financial Benefits of Renting – Ridgeland, SC

Joseph Coupal - Friday, May 19, 2017

Auston Chase, Ridgeland, SCRenting rather than owning a home may not be as expensive as many people think.

The prospect of no longer having to pay rent, known as imputed rent, is often cited as a major incentive to owning a home.

However, a financial researcher has argued that many buyers overlook costs included in their rent, such as building insurance and property maintenance.

He believes a failure to properly account for these outgoings can cause householders to overestimate the financial benefits of owning versus renting.

Individual circumstances and market conditions play a big part in determining whether it is smarter to rent or buy, but this research should help households make an informed choice.

The new research provides a step-by-step explanation of how households can objectively compare the costs of renting versus buying a home, while taking their own personal circumstances and macro-economic conditions into account.

In reviewing transaction costs, imputed rental yields, opportunity costs, inflation and the length of time owning a home, the study also shows that – during periods of deflation or zero inflation – people who rent are financially better-off than those who own their home.

Even when economic conditions are favorable, households may need to own their home for between five and 10 years before returns from the rent they are no longer paying are sufficient to compensate for the high transaction costs of buying.

It is often thought that buying a house makes more financial sense in the long run: however, renting is frequently more worthwhile than buying for financially-constrained households, as well as households likely to relocate within 10 years.

As well as a reduced ability to recover transaction costs, households relocating within a few years face a higher risk that medium-term prices will move against them, thus reducing or eliminating their equity, while financially-constrained households face much higher mortgage costs.

The research charts how deflation, or rising interest rates without a corresponding increase in wages, has the potential to impact negatively on homeowners.

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

#HowYouLive

knowridge.com


Bluffton, SC, One of the Best Places To Retire In South Carolina

Bluffton, SC, One of the Best Places To Retire In South Carolina

Joseph Coupal - Wednesday, May 03, 2017

Auston Chase, Ridgeland, Bluffton, SCWhen it’s time to put away your work shoes for good, there are no better places in the Palmetto State to spend your golden years than these.

South Carolina: land of beaches, lazy days, warm weather, golf, and, of course, the home state of jazz musician Dizzy Gillespie, the epitome of smooth, relaxing music. In short, South Carolina is a retiree’s dream. Obviously, some places in the state are going to be better for retiring than others.

How We Created This Ranking

We know you’ve worked hard, perhaps for most of your life; so now that it’s coming time to (finally!) retire, we’re taking the work out of it for you. We came up with five measurable criteria to pinpoint precisely which places in South Carolina would be the best for your every retirement need:

  • Cost of living (high)
  • Crime rate (low)
  • Weather (average summer temperature and air quality)• Ease of travel (distance to nearest international airport)
  • Retiree amenities per capita (healthcare, adult education, dining, shopping, libraries, arts & entertainment)

#2 Bluffton, SC

Bluffton may be one of the most charming towns we’ve seen, let alone on our list. With its Old Town situated, postcard-like, along the May River, the old Rose Hill Mansion sprawling across the lawn like an advertisement for the state, Jim ‘N Nick’s Bar-B-Q’s ribs… it’s pretty much anyone’s dream, especially for those retirees who have saved up to afford it.

With some of the most retiree amenities per capita, Bluffton living doesn’t exactly come cheap. The cost of living here is nine percent higher than the national average. Of course, in our analysis, this was good news for its ranking. Perhaps not surprisingly, Bluffton had the same weather score in our analysis as its neighbor, Hilton Head Island, tying the two at the top of this criterion. Plus,with just 3,282 crimes per 100,000 people, Bluffton was also one of the 10 safest on our list.

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

#HowYouLive

movoto.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 Usleasingoffice@liveaustonchase.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