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

Apartment Homes Bluffton SC

Millennials are Waiting to Buy Homes – Apartments in Ridgeland, SC

Joseph Coupal - Thursday, September 15, 2016

The American Bankers Association Foundation recommends considering the following questions when considering to rent or buy a home:

1. How much money do you have saved up?

Down payments are typically 5 to 20 percent of the price of the home.

Security deposits on rentals are usually about one month of rent or more if you have a pet.

Whatever you decide, keep enough in savings for an emergency-three to six months of living expenses.

2. How much debt do you have?

Take into account your current and expected financial obligations (i.e. car payment, insurance, credit card debt & student loans).

  • Ensure you will be able to make all the payments in addition to the cost of your new home.
  • Keep total rent or mortgage payments plus utilities less than 25-30 percent of your gross monthly income.

3. How long will you stay?

The longer you plan to live someplace, the more it makes sense to buy.

  • Over time, you can build equity in your home.

Renters have greater flexibility to move and fewer maintenance costs.

4. What is your credit score?

A high credit score indicates strong creditworthiness.

A low credit score can keep you from qualifying for the rental you want or a low interest rate on your mortgage loan.

5. Have you factored in all the costs?

Create a hypothetical budget for your new home.

  • Find the average cost of utilities, gas, electricity, water and cable.
  • Will you have to pay for parking or trash pickup?
  • If you're planning to buy a home, factor in real estate taxes, mortgage insurance and possibly a home owner association fee.

6. Location, location, location.

Consider this: For every $1 a family saves on housing in an area that is more affordable, they spend $0.77 cents more in transportation.

Think carefully about your commute and how much household income will be required to meet both housing and transportation costs.

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

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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