House prices are low and mortgage rates are too, many say it is time to buy a home. But in an upside down real estate market, is it really more cost-effective to own as opposed to renting? Interest rates are lower, house prices are down, but it's also harder to get financed.
Many renters at Honeywood Apartments have gotten out of a mortgage. Others arerentingso they are not tied down to such a large amount every month.
Whether you should rent or buy depends on many factors, like how long you plan to stay in your home. Some experts will tell you buying is better than renting only if you plan to be in your house more than five years.
If you don't need the tax help, which is minimal, you may want to rent. Most of the time, and always at Honeywood, Apartments in Roanoke, VA, the landlord will fix a kitchen sink which saves the renter out of pocket money.
Here's one pro and con breakdown:
Pros to Buying a House:
Of course, there's the emotional satisfaction of owning your own home.
It builds equity, (but it takes awhile).
You can get a tax break if you deduct your mortgage interest and your property taxes.
Cons to Buying a House:
Homeowners have to pay property taxes
Homeowners have to pay for maintenance and upkeep.
There's less flexibility if you decide to move.
Down payments are often 20% of the purchase price (if you want to avoid mortgage insurance). That's money that could have been invested elsewhere.
Lastly, most experts say the value of properties won't go up soon. When they do, since selling your house with a realtor normally comes with a 6% commission, values must go up by at least 6% to break even.
Buying at today's prices doesn't necessarily mean your house will be worth more in a couple of years. Whether it's worth the risk to buy is something each person needs to figure out for their unique situation.
If you are relocating to Virginia, renting apartments in Roanokeat Honeywood Apartments is the perfect solution to your housing needs. Honeywood Apartments is a beautiful apartment community located on 25 secluded acres in Southwest Roanoke County in Virginia.
Roanoke is a great city full of history and nightlife. With beautiful vistas next door to wineries and restaurants, there is always something to do. Honeywood Apartments is in an exceptional location with the convenience of having restaurants, recreation, and transportation at your fingertips. Easy access to Route 419 and I-581 makes commuting a snap.
If you are interested in a rental community with the look and feel of a very private neighborhood tastefully landscaped and accented by open green areas Honeywood Apartments is the answer. For information on spacious one bedroom and two bedroom floor plans, contact us.
Honeywoodapartments in Roanoke, VA is excited to be participating in Relay For Life this year! We want to make a difference by teaming up to participate in the American Cancer Society Relay for Life. There are so many ways that you can help us reach our team goal.
Our team will camp out overnight and take turns walking around the track to raise both money and awareness to help the American Cancer Society create a world with less cancer and more birthdays. We will be hosting events on the property of Honeywood Apartments, selling Luminaries’, foot steps and suns. Click 'HHHunt Relay for life' for the link to easily donate from the comforts of your apartment home or office!
If you have any questions, please contact the Honeywood Welcome Center at 540-366-2400.
In the State of the Union address, the state or our country's current real estate situation was addressed. In today's real estate market it's not surprising if people are a bit gun shy about buying a home. Some questions that potential homeowners are considering:
What if I can't afford my mortgage in the future?
What if my home loses so much value that I eventually owe more than it's worth?
What if I have to move in a few years and can't sell my home?
If you've ever asked yourself these questions about home ownership, it could be time for you to look into renting versus buying a home. Believe it or not, sometimes it makes more sense to rent anapartment in Roanoke, VA rather than own. Here are 3 tips to help you figure out which option—renting or buying—makes the most sense for you.
Evaluate whether you have a steady income to support paying a mortgage.
Make a timeline of how long you plan to stay put. If you anticipate staying in a home for only one or two years, it is unlikely that you will see a significant financial return on your investment.
Crunch the numbers before making your decision. When buying a home, you have to take into consideration your mortgage payments as well as real estate taxes, insurance payments, and the maintenance costs. With renting an apartment, calculating month-to-month housing expenses is as easy as inquiring about the monthly rent and average utilities.
There is a new local program for homeowners and residents of apartments in Roanoke to promote a healthy change to the New Year, and it is already making a difference.
The Roanoke 100 Miler encourages participants to walk, run, or pedal 100 miles in 100 days.
With more than 800 people signed up for the first time program Roanoke's 100 Miler is a revolution not just a resolution.
We're only in week two of the program, but many around Roanoke can feel a difference already.
While it's called the Roanoke 100 Miler, others outside city limits are joining in as well.
Even though it is 100 miles, participants are doing it 1 mile a day, and feeling great.
Roanoke Parks and Recreation, Outdoor Event Specialist, Joe Hanning says, the program is making a difference in lives and our region.
You can improve the quality of living just with an active living lifestyle.
Even when the wind is rapid and the temperature is low the participants have made a commitment to 100 miles in 100 days.
For all you single women in our apartments in Roanoke, VA you are in the right place. Of all the star city has to offer, you can now add another distinction to the list. Roanoke also appears to be a place where women can find a "sensitive" man.
According to a study done by online dating website chemistry.com, Roanoke is the #2 city in America for women to find a guy in touch with his feelings.
The data from users was used to compile the top ten list, according to a news release.
Pompano Beach, Florida came in at #1. Ann Arbor, Michigan finished last in the rankings.
"These 10 cities are packed with a certain kind of man, what we call 'Builders'," wrote Dr. Helen Fisher, the chief scientific advisor to Chemistry.com in the news release. "They deeply value loyalty, duty, respectability and proper moral conduct and go way out of their way to keep their social relationships running smoothly. So they watch, listen, and gauge what they need to do to help others and they do it naturally. It's these chivalrous qualities that make a sensitive man," Dr. Fisher added.
Full Top 10 List:
1. Pompano Beach, Florida
2. Roanoke, Virginia
3. West Hollywood, California
4. Nashville, Tennessee
5. Buffalo, New York
6. Sarasota, Florida
7. Greenville, South Carolina
8. Wilmington, North Carolina
9. Indianapolis, Indiana Midwest
10. Staten Island, New York
Many people are told when they are younger that renting is only for college graduates or people who cannot afford to buy. Many parents hammer these ideas into their children and tell them that renting is equivalent to throwing money away every month. Fortunately, today people are beginning to finally think for themselves and challenge these ideas. Here are 4 reasons to pat yourself on the back for deciding to rent an apartment in Roanoke, VA at an HHHunt Community!
1. Renting can save money
At the very minimum you’ll be shelling out PITI for your home. That is:
1. Principal
2. Interest
3. Tax
4. Insurance
The PITI doesn’t include property maintenance like maintaining the yard, paint, plumbing, repairs, decorating, etc… When you rent anapartment in Roanokeat an HHHunt community, the monthly payment is almost always quite a bit less than the PITI in your area and there are no maintenance expenses!
2. Homeowners’ tax deductions are overstated
According to research quoted by MSN, “… half of homeowners don’t get a break, because even with mortgage interest and property taxes, their total deductions do not exceed the standard federal tax deduction ($11,900 for couples and $5,450 for singles)”.
For these folks, it’s like spending $100 to save $20. They’re better off saving the difference and investing it. Even if there is a “break” on your taxes, you typically had to spend more than you would have spent to rent to get back that $20 for every $100 spent in interest payments.
3. Renting gives you flexibility
For the up and coming young professional, you’re better off renting and saving for a few years than to buy a small condo. Who knows how fast you will outgrow it? When you own a home, you can’t always sell it when you need to sell it at the price you want to sell it in order to accept a new employment opportunity. If you have owned a home and don’t want the constant maintenance responsibility, rentinggives you the opportunity to enjoy your weekends instead of completing that “to do” list.
Are you still making plans with your friends from the apartment in Roanoke for New Year’s Eve? Well, if is live music you are interested in, here are the local listings for some hot spots around Roanoke.
Southern Culture on the Skids
With Henson (America's Oldest Living Boy Band). One can be sure of two things here: house-rocking music will prevail, and fried chicken will be eaten.
Details: 9 p.m. Kirk Avenue Music Hall, Roanoke.
Yellow Dubmarine
A Washington-based band does reggae versions of Beatles tunes. Yellow Dub is an extra fine live act that will have you dancing into 2012.
Details: 10 p.m. Martin's Downtown Bar & Grill, Roanoke.
Chris Beard
Hear some hot blues grooves and guitar licks aplenty from Beard, son of a blues guitarist whose friends included Buddy Guy and Matt "Guitar" Murphy.
Details: 9:30 p.m. Blue 5 Restaurant, Roanoke.
Grass Monkey
Ringing in the new year with Grass Monkey promises to be a rollicking riot.
Details: 10 p.m. Awful Arthur's, downtown Roanoke. Free.
Roanoke's Biggest New Year's Eve Party
With The Kings and Project 4, both featuring Josh Shilling and William Penn Band
Details: 7 p.m. (prime rib buffet) Hotel Roanoke.
New Year's Eve Countdown Party
Featuring Khemistry, The BLTD Band. Two high-quality bands are in the house at Thelma's, closing out 2011. A breakfast buffet is included among the tasty doings.
Details: 9 p.m. Thelma's Chicken & Waffles, Roanoke.
The Worx
The Roanoke Valley's premiere party band fires it up.
Details: 9:30 p.m. Awful Arthur's, Towers Shopping Center, Roanoke.
Keith Bryant & IronHorse
This popular country act can lay it down, honky-tonk style or pop.
Details: 9 p.m. Watusy's Harvest House, Roanoke.
Ballistic
Hear classic and modern rock - including Pink Floyd, Stone Temple Pilots and Alice in Chains - and some originals.
Details: 9 p.m. Screamers Bar & Grill, Radford. Free.
Burning Bridges
A favorite in the pop and country covers world gives you a party.
Details: 9:30 p.m. Bravos, Roanoke.
New Year's at the Landing
With Ben Trout Trio
Trout and his cohorts play classic rock, blues and soul that grooves like mad.
Details: 8:30 p.m. The Landing Restaurant & Bruno's GastroPub, Moneta. Free admission to the pub.
Big Thunder Rumblefish
It's a reunion for this raw and funky outfit.
Details: 9:30 p.m. The Cellar, Blacksburg. Free.
SolRevolt
One of Pomegranate Restaurant's mainstays will be onstage.
Details: 8:30 p.m. Pomegranate Restaurant, Troutville. $50 with five-course meal, champagne toast; $10 with New Year's Eve menu.
Seven Mile Ford
Country and pop band hits one of Roanoke's newest joints.
Details: 9:30 p.m. Breaktime Billiards and Saloon, includes champagne, snacks, party favors.
Charlie Hamill Group
Hamill and his musical pals will surely sling some classic rock and pop, maybe even an original or two.
Details: 10 p.m. Fork in the Alley, Roanoke.
New Year's Band Bash
Featuring Doghouse, Brian Gray, Smooth Groove Movement. Dig into some music and some Astro Dogs as '11 fades away.
Details: 8 p.m. Fork in the City, Roanoke. Free.
90 Weight
An alt-rock/grunge cover band at the Pot.
Details: 9 p.m. The Coffee Pot, Roanoke. $7.
There was a time, not so long ago, when college graduates dreamed of a new home with a mortgage. It was the next step.
With an uncertain economy, and more people moving to take jobs where they can find them, renting is the rage for the Millenial generation. The new dream is renting an apartment in one of the new“destination living” communities, complete with swimming pools, state-of-the-art fitness centers, volleyball courts and all kinds ofapartment amenities.
For the first time since owning has lost its luster for the young. Since 2008, the percentage of young people who think that owning a home is “better than renting” has fallen.
Renting anapartment in Roanoke, VAhas acquired a sort of cool respectability. Empty nesters got the same religion a couple of decades ago, when droves of them began cashing out of their high-maintenance houses.
Some of the forces driving the change are cultural. People are getting married so much later and they travel light longer.
The young also gravitate to renting an apartment because mortgages are hard to come by. No one wants to get stuck with a house or condo they can’t sell when there’s a job offer 2,000 miles away. There’s no stigma to rentinganymore, and there’s just so much to keep you interested and busy in an apartment community she says.
When you are hosting a holiday party for the family and friends in your apartment in Roanoke, VA entertaining can be stressful. Of course you want everything to be perfect.
Here are some simple tips from Honeywood Apartment Homes on how to make entertaining more enjoyable for everyone.
What’s the plan
Plan out the event. How many are coming? What's on the menu? How should the house look? Do you have enough seating? Make a to-do list and set deadlines for yourself. Doing as much as possible in advance will make the day of the party that much easier.
Use your space wisely
The size of the meal may expand during the holidays, but cooking and serving space doesn't. On the buffet table, tiered servers hold appetizers and desserts vertically, saving valuable space and creating an attractive display.
The host should enjoy too
A relaxed host makes guests feel comfortable. Don’t be too busy that you forget to enjoy yourself. Organize your kitchen so that most of the clean-up can be done later. Have take home containers handy for leftovers so you can send leftovers home with guest. Designate an area in the kitchen for dirty dishes, forget the rest of the clean up until after your guests leave.
As the host you set the tone of the party. Don’t worry about making your party perfect; what makes it perfect is keeping the focus on family and friends!
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For all you single women in our 
Southern Culture on the Skids
With an uncertain economy, and more people moving to take jobs where they can find them, 
When you are hosting a holiday party for the family and friends in your 
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