Honeywood Apartment Homes

3101-H Honeywood Lane, Roanoke, VA 24018
Call: 833-805-7609 Email UsHoneywood.PropertySite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9:30A-5:30P | Saturday: 10A-5P | Sunday: Closed

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Apartments Roanoke VA Blog

Should Millennials Rent or Own?

Should Millennials Rent or Own?

Joseph Coupal - Thursday, July 27, 2017

Honeywood, Roanoke, VAThere are many great debates in American pop culture.

Tupac or Biggie? Boyz II Men or Dru Hill? LeBron or Jordan? Mayonnaise or Miracle Whip?

One of the most intriguing debates finding traction in the world of Millennials and finance is the debate of whether to buy a home or to continue renting.

The Great Recession

Upon my graduating from Syracuse University in 2010, I was welcomed into the working world during the heart of The Great Recession. Caused in large part due to a bubble in home values and irresponsible subprime loans, The Great Recession left a scar on the hearts and minds of Millennials over what it means to own a home.

Seeing the incredible loss of value in homes during that period and shouldering a collective $1.4 trillion dollars in student loan debt, many millennials are asking whether it’s responsible to sign-up for an immovable asset and 30-year mortgage tied to owning a home.

A Case for Renting

The Millennial generation is the “own nothing” generation. You can rent a car from the curb nearest you. You can hail a taxi using an app and get a ride to brunch in a car you do not own. I’ve heard there’s a website that allows you to rent tools from nearby neighbors. Even companies founded in more recent years are making strides to own less to reduce or eliminate overhead.

A shift has happened wherein Millennials are considerate of the fact that ownership implies liability, and liability often means added costs.

Renting an apartment or home offers you the benefit of not being responsible for breakdowns or repairs. Renting provides a fixed monthly cost to factor into your monthly budget that does not change based on repairs or failure of appliances. For many, this lack of long-term responsibility presents peace-of-mind in not having to be concerned about the long-term welfare of your living space. It also absolves you from the imperative of maintaining your living space for the sake of keeping and increasing its value.

For more information on apartments in Blacksburg, VA, contact Foxridge.

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Excerpts: blavity.com


Best States in the US: Virginia is #11!

Best States in the US: Virginia is #11!

Joseph Coupal - Friday, July 21, 2017

Honeywood apartments, Roanoke, VA#11 Virginia

Some states shine in health care. Some soar in education. Some excel in both – or in much more. The Best States ranking of U.S. states draws on thousands of data points to measure how well states are performing for their citizens. In addition to health care and education, the metrics take into account a state’s economy, the opportunity it offers people, its roads, bridges, internet and other infrastructure, its public safety and the integrity and health of state government.

More weight was accorded to some state measures than others, based on a survey of what matters most to people. Health care and education were weighted most heavily. Then came the opportunity states offer their citizens, their crime & corrections and infrastructure. State economies followed closely in weighting, followed by measures of government administration.

OVERALL RANK OUT OF 50: Virginia is #11
HEALTH CARE #25
EDUCATION #10
CRIME & CORRECTIONS #6
INFRASTRUCTURE #24
OPPORTUNITY #11
ECONOMY #27
GOVERNMENT #2

For more information on apartments in Roanoke, VA contact Honeywood Apartments.

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US News


Tips for Renting with Roommates in Roanoke, VA

Tips for Renting with Roommates in Roanoke, VA

Joseph Coupal - Friday, July 14, 2017

Honeywood, Roanoke, VAAs the first college semester starts to wind down, many residents are looking for roommates to being next semester. Here are some tips when considering renting an apartment with friends or for when you are renting with a roommate you are just meeting.

1. A pre-lease group meeting.

Get together for the sole purpose of sorting out each of your expectations. Do not sugarcoat your feelings. We often think “we are all good friends and we have gotten along well for years. We are all very compatible.” Yes, but you have not lived together. One neat freak and two slobs is a dangerous combination.

2. Agree on house rules before going ahead.

Here are some sample questions to get started. Who does the dishes? How late can friends stay in the evening? How are food costs shared? Will food be stored daily so as not to attract critters? There are plenty of other questions to come up with together. An agreement between all roommates with some written rules will help in the future.

3. Are you moving? Finding the right place.

Maybe you are moving out of another apartment community and moving into a new apartment. Look around if you are moving. Is the apartment sparkling clean and ready to move-in? This is a good sign about the landlord or manager. If it is clean at the start, you will be expected to leave it in the same condition.

Look carefully at what is going on outside the apartment. Try to get a glimpse of other tenants or neighbors. Are the hallways well lite and clean? Is the building itself in good condition? If dirt, spider webs, dirty light fixtures with burnt out bulbs, broken windows, loose banisters, sticky doors and more, all represent a red flag. What is the condition of cars in the parking lot? Is the parking lot well-lit?

Schedule the appointment in the early evening, when people are returning from work. This can provide a good sense of place. Ask people, "I am thinking of renting here, what can you tell me about living here?" and listen closely to what they say.

For more information on renting an apartment in Charlotte, NC contact Auston Woods.

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enterprisenews.com


Questions for the Landlord Before Renting an Apartment

Questions for the Landlord Before Renting an Apartment

Joseph Coupal - Friday, July 07, 2017

Pebble Creek, Roanoke, VAIf you’re looking for an apartment, there are certain questions to ask a landlord before renting the place. After all, this is where you’ll be living—you’ll want to be crystal clear on the rules, right? So before you impulsively sign that lease, make sure to stop, take a breath, and make a few simple inquiries to make sure this rental is right for you.

1. What is included in the rent, and what fees will I have to pay?

Rent is just part of your living for the month—the biggest part—so you need to be sure you can comfortably cover all other costs of living in that space. Most apartments will include water and sewage as part of the rent, but heat, water, gas, electricity, trash, internet, and even pest control can be separate costs.

You should also ask which of those services you will need to set up yourself. If the gas or electricity is in your name, you’ll need to have money available for the deposit most utility companies require.

2. How many people can live here, and what is your visitor policy?

If you’re planning to live with roommates, make sure you comply with the occupancy standards of the apartment.

Most buildings don’t allow more than two people per bedroom, including children. Also, if you plan to have frequent or long-term guests, find out what the landlord’s policies on that are.

Most landlords will want to know if you have a guest staying more than a certain number of days.

3. Is my deposit refundable?

Make sure you have clarity about what part of the money you give your landlord upfront is an administration fee, and what is a deposit. Some deposits are fully refundable if the apartment is returned in good condition, and some are not. If the deposit is significant, spell out in the lease what the conditions of its return are.

4. Do you accept pets, and if so, are there restricted pets?

If you have animals in your life, your search might be a little more difficult, especially if your companions are exotic.

Many landlords and management companies charge a pet deposit, a nonrefundable pet fee, or even a monthly pet rent. Find out in advance what your furry pals are going to cost you.

5. What’s the parking situation?

Depending on your location, parking could be no big deal or an extra fee of hundreds of dollars a month. If you have a car—or two or three—find out where you can park it, whether you get a dedicated spot, and how much that spot is going to cost per month. Find out what street parking is like. In some neighborhoods, it might not be possible, or you could spend the night before street cleaning circling the block for an hour.

6. What happens if I need to break the lease?

A lot can happen in a year: a surprise new job, a sick parent, an injury, a cross-country love connection. If for some reason you absolutely have to move mid-lease, what will your options be? Some landlords will require you to buy your way out, while others will just want you to find a qualified tenant to take over your lease. Policies and laws vary widely, so make sure you know before you commit.

7. What can I change, and what do I have to change back?

Even though you’re renting, you’ll want to make the space your own. But before you start pinning accent wall colors, make sure your landlord is OK with your making changes.

Most places will let you do anything as long as you return it to the original condition. Otherwise the cost of fixing nail holes, repainting walls, and replacing light fixtures will probably come out of your deposit.

If you’re a DIY expert, though, talk through any ideas with your landlord once you’ve moved in. He or she might be interested in keeping some upgrades, or even help pay for the cost of materials or give you a break on rent for your labor. Just ask first.

For more information on apartments in Roanoke, VA contact Honeywood.

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theweeklychallenger.com



Honeywood Apartment Homes

3101-H Honeywood Lane, Roanoke, VA 24018

Call: 833-805-7609
Email UsHoneywood.PropertySite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9:30A-5:30P | Saturday: 10A-5P | Sunday: Closed

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