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St. Patrick's Day Festival in Roanoke

- Thursday, March 15, 2012

Celtic Crossroads  is back by popular demand this year. They have been called “The most exhilarating and authentic show from Ireland in decades…” and it kicks off the 2012 Roanoke St. Patrick’s Day Celebration. There is only one spectacular show this year, and it is at Shaftman Hall, Jefferson Center on Friday March 16, 2012 at 8:00pm.

As residents of apartments in Roanoke, VA, don’t miss this fantastic, authentic and fun St. Patrick’s Day event.  Southwest Virginia's premiere St. Patrick's Day events, the Roanoke St. Patrick's Day Celebration is now in its 23rd year. And this year, St. Patrick's Day is on Saturday, so March 17 is the perfect day for a celebration. The festivities are from 10 - 5pm, with everyone's favorite parade, the McDonald's St. Pat's Parade starting at 11:00am.

The Celtic Festival and the parade take place right in heart of downtown Roanoke, VA. Together it's one of the largest St. Pat's Celebrations in the entire mid-Atlantic region. Back by popular demand this year is the Celtic Crossroads, to kick of the festivities on Friday night.

Happy St. Patrick’s Day from HoneyWood Apartment Homes in Roanoke.

The Growing Trend of Renting

- Friday, March 09, 2012

As home values fell again in 2011, more and more people are looking to renting as an affordable, flexible lifestyle option. In response to this news, Apartments.com conducted a national survey to more than 3,000 of its January website visitors to find out the reasons they are moving and why they are renting versus owning.

The growing trend: 33.6% of respondents looking for an apartment this year were previous homeowners (up from 20.5 percent in 2011). Respondents who said they are homeowners looking to rent, 26.3% are doing so because they believe renting is a more affordable option and 21.2% prefer the flexibility renting offers in choosing where to live. This survey provides the five most popular responses why their website visitors are choosing to rent versus own in 2012:

  • Renting is a more affordable option: (26.3%)
  • Flexibility to live where I choose: (21.2%)
  • To relocate for employment: (20.5%)
  • Cannot afford to keep up with homeownership expenses: (10.5%)
  • Lost home due to foreclosure and change in marital status: (less than 4% each)
More than 35% of respondents said they are moving out on their own, which may be a sign of an improving economy and job market, especially in the rental demographic.

In 2012, the number one reason for moving is for relocation for a job opportunity. However, the desire to have more space, to save money and to live in a more desirable neighborhood also topped the list.

Relocating to Roanoke Valley? For information on renting an apartment in Roanoke, VA, we encourage you to contact Honeywood Apartment Homes.

Market Watch- Wall Street Journal

More Reasons it is Better to Rent

- Friday, March 02, 2012

There are so many reasons for renting, and the debate about buying or renting continues. There is much to be said for owning your own home, but today, that is no longer the priority for many. With the argument being made about renting instead of buying, more people are listening.

The flexibility of renting an apartment in Roanoke, VA is a big factor for many people. If they change jobs, it’s easier and faster to get out of your lease than put your home on the market. Not to mention, your money is tied up in the home until you sell it.

Another big factor in renting an apartment home is avoiding the hidden costs of home ownership. You can budget for your monthly mortgage, but many people forget to consider insurance, repairs, utilities, appliances and maintenance. Without those hidden costs, depending on where you live, you can actually get more home for your money if you rent.

Consider this, you will have more free time when you rent. We all know someone who owns a home. How do they spend their weekends: mowing, weeding, repairing, painting? Of course they do. As a renter, when you have time off, that time is your time. Do what you want with it; get out and explore Roanoke and surrounds, or sit on your couch and watch old movies with friends. The choice is yours.

For more information on renting an apartment Southwest Roanoke County, VA, contact Honeywood Apartments.

Relocating to Roanoke

- Friday, February 10, 2012

If you are relocating to Virginia, renting apartments in Roanoke at 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.

Right Now Should you Rent or Own Your Home?

- Friday, January 27, 2012

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 an apartment 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.

Bottom line: buying doesn't always make sense. For information on our apartment community in Roanoke, contact Honeywood Apartments.

Original article - Home Goes Strong

4 Reasons to Rent an Apartment from an HHHunt Community

- Friday, January 06, 2012

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 an apartment in Roanoke at 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, renting gives you the opportunity to enjoy your weekends instead of completing that “to do” list.

Renting a Home is the New Trend

- Thursday, December 22, 2011

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 of apartment 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 an apartment in Roanoke, VA has 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 renting anymore, and there’s just so much to keep you interested and busy in an apartment community she says.

For more information on a one bedroom apartment or a two bedroom apartment in Roanoke, contact HoneyWood Apartments.

Original article The Daily Beast

Find the Best Apartment For Your Lifestyle

- Friday, December 02, 2011

Wondering how to find the best apartment in Roanoke, VA that will fit your lifestyle. The “best” apartment certainly varies for everyone, these tips should help you find the apartment that suits you.

Know yourself

Before you can figure out how to find the best apartment for you, you have to know what you need. A good way to start an apartment search is to think about how your lifestyle affects your apartment needs. Ask yourself: what kind of apartment dweller will you be?  Do you need a quiet apartment where you can relax or study all day long? Or do you need a place to rest your head at night in between work and an active social life?

When you consider how your lifestyle affects your apartment needs, think about the following factors:

  • How much money is in your budget for living expenses?  How much can you put towards rent after you pay other life expenses?
  • Do you work 9 to 5? Are you in school? How far from work do you want to live?
  • Can you fit everything in a small studio apartment? Or do you need a one bedroom , or two bedroom apartment to accommodate your family?
  • Where is your child’s school located? Do you need a recreation area for your kids to play outside?
  • What do you do for recreation? What do you need in a neighborhood or community? Do you like to be near restaurants and shops? Do you like the outdoors?
  • Do you drive everywhere? Bike? Use public transportation?
  • Where will you walk your dog? How many times a day do you take your dog outside?
All of these questions will help you pinpoint exactly what you need and want in an apartment. In Roanoke, there are so many options, so know what you want.  If you want more information about our online special, contact Honeywood Apartments.

Original article Moving Today

In Roanoke it is a Renters Market

- Friday, November 25, 2011

These days, real estate brokers are dealing with declining home sales and would have their clients believe that there is no better time than the present to buy a home. Prices are down and mortgage rates are at all-time lows.

Unfortunately for the brokers, many clients are not persuaded by that logic. Instead, in increasing numbers, people are choosing to rent their homes  — unconvinced that the housing market has yet hit bottom.

Apartments in Roanoke, VA are in a fabulous location and offer amenities that cannot be found in any old home, renting in Roanoke is a great option for many. With renting you also have a broad mix of people making up your community; the young student residents, new families, empty nesters and retirees.  For many, homeownership in no longer on their wish list.

Nationally, vacancy rates for apartments are projected to drop to 4.6 this year, down from 5% currently.  If you are interested in the new trend of renting, and are moving to or within Roanoke, contact Honeywood Apartments.

Leave the Stress Behind During the Holidays

- Friday, November 18, 2011

It is hard to believe that Thanksgiving is next week. Often it is easy to fall victim to stress during this hectic time of the year. It is important to remember that holidays are for bringing families together and should be filled with traditions, both new and old. Getting ready for, and entertaining in your apartment in Roanoke, VA should be fun. Get your children involved, and enjoy the holidays with them, while making some new family traditions. Here are some quick and easy ideas:

  • Have your kids design name tags  for all the guests who will be coming. It also would be fun to get them laminated so the original artist could look back years from now and see the beautiful work they did when they were younger.
  • Assign a child to be in charge of family photos and have them make a fun slide show. With children being so technologically savvy these days, sometimes they are better equipped to technology than adults!
  • Ask some of the children to prepare a “welcome greeting” or a list of items to be thankful for.
  • Of course, some items are prepared and frozen over this upcoming weekend. When preparing foods in advance, have your young chef help you in the kitchen!
  • Create a scrap book and have colored pencils, crayons etc, on a table and as each person enters the home they can write down what they are most thankful for (if they can’t write, a cute picture will suffice).
Involving your kids in the festivities and preparations keep the holidays fun. More importantly, the more you delegate and involve your kids, the more your traditions will be remembered and held close.  Let everyone share a special role in this holiday!

Happy Holiday season from Honeywood Apartment Homes in Roanoke, VA.


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