The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059
Call: 888-621-8872 (804) 364-3649 Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

The Gardens at Twin Hickory Blog

Determining if Downsizing is for You

Joseph Coupal - Monday, July 31, 2017

The Gardens, Glen Allen, VAMany retirees downsize their homes, but this decision requires careful consideration of a variety of factors.

As men and women retire or approach retirement age, many opt to downsize their homes. Such a decision can save older adults substantial amounts of money while also liberating them from the hassle of maintaining large homes they no longer need.

Downsizing to apartments is a significant step, one that homeowners should give ample consideration before making their final decisions. The following are a handful of tips to help homeowners determine if downsizing to smaller homes is the right move.

  • Get a grip on the real estate market. Downsizing is not solely about money, but it’s important that homeowners consider the real estate market before putting their homes up for sale.

Speak with a local realtor or your financial advisor about the current state of your real estate market.

Downsizing can help homeowners save money on utilities, taxes and mortgage payments, but those savings may be negated if you sell your house in a buyer’s market instead of a seller’s market. Luckily, right now is a seller's market.

  • Take inventory of what’s in your house. Empty nesters often find that their homes are still filled with their children’s possessions, even long after those children have entered adulthood and left home. If the storage in your home is dominated by items that belong to your children and not you, then downsizing might be right for you.

Tell your children you are thinking of downsizing and invite them over to pick through any items still in your home.

Once they have done so and taken what they want, you can host a yard sale, ultimately donating or discarding what you cannot sell. Once all of the items are gone, you may realize that moving into a smaller place is the financially prudent decision.

  • Examine your own items as well. Your children’s items are likely not the only items taking up space in your home.

Take inventory of your own possessions as well, making note of items you can live without and those you want to keep.

If the list of items you can live without doesn't really bother you, then you probably won’t have a problem moving into an apartment.

If you aren’t quite ready to say goodbye to many of your possessions, then you might benefit from staying put for a little while longer.

  • Consider your retirement lifestyle. If you have already retired or on the verge of retirement and plan to spend lots of time traveling, then downsizing to an apartment may free up money you can spend on trips.

And if you really do see yourself as a silver-haired jet-setter, then you likely won’t miss your current home because you won’t be home frequently enough to enjoy it.

For more information on apartments in Glen Allen, VA contact The Gardens.

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thechronicleherald.ca


Renting is Better than Buying

Joseph Coupal - Tuesday, July 25, 2017

The Gardens, Glen Allen, VAWhile both renting and buying have their own sets of financial advantages, renting does appear to have an edge when the economy is poor. There are tremendous financial benefits to renting as opposed to buying a house of your own. Here is a look at 10 reasons why renters have the better financial deal over homeowners.

No Maintenance Costs or Repair Bills

A definite advantage that renters have is that they have no maintenance costs or repair bills to pay off. When you rent, your landlord is responsible for all maintenance and repair costs. If an appliance stops working or your roof starts to leak, you do not have any financial responsibility to have these things fixed.

Access to Amenities

Another financial benefit to renting over buying a house of your own is having access to amenities that would otherwise be a huge expense. Luxuries such as an in-ground pool or a fitness center come standard at many midscale to upscale apartment complexes with no additional charge to tenants.

No Real Estate Taxes

An obvious benefit that renters have over homeowners is that they do not have to pay real estate taxes. Real estate taxes can be a hefty burden for homeowners.

No Big Down Payment

Another area where renters have the better financial deal is upon signing. You do not have to have a huge down payment saved up to move into a rental property. While the exact amount you need to move in varies from case to case, the total amount is significantly less than you would need to buy a house.

Shaky Market Creating More Renters

While many experts claim the U.S. Housing market is making a full recovery, others aren't so sure. An article written by International Business Times claims that the market is just now stabilizing and the word 'recovery' is unwarranted.

Decreasing Property Value

Property values go up and down, and while this may affect homeowners in a big way, it does not affect renters. Home value determines the amount of property taxes you pay, the amount of your mortgage and more. In a rocky housing market, renters are not as adversely affected.

Flexibility to Downsize

In today's economy, many people struggle to make ends meet. By renting, you have the option to downgrade into a more affordable living space at the end of the lease. When you are a homeowner, it is much more difficult to break free of an expensive house because of the fees involved with buying and selling a home.

Fixed Rent Amount

Rent amounts are fixed for the span of the lease agreement. This means you are able to budget more efficiently since you know the amount of rent you are required to pay. Mortgages and the amount of the property tax can fluctuate.

Lower Insurance Costs

While homeowners need to maintain a homeowner's insurance policy, renters would be wise to invest in a renter's insurance policy. Luckily for renters, renter's insurance is much cheaper and it covers quite a lot. The average cost of renter's insurance is just $12 per month.

Lower Utility Costs

It is much more affordable to heat and power an apartment or small rental home as opposed to a larger home. Rentals typically have a more compact floor plan, and renters can expect lower utility costs.

The Bottom Line

While owning a home may be beneficial over a long period of time, for many people renting is the better option. There are plenty of examples that show how renting can save consumers a considerable amount of money. The choice of whether to rent or buy is a personal one. Before making a hasty move, make the financial decision that is right for you and your family.

For more information on apartments in Glen Allen, VA, contact The Gardens.

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Investopedia.com


Best States Rankings: Virginia is #11!

Joseph Coupal - Monday, July 17, 2017

The Gardens, Glen Allen, 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 Lynchburg, VA contact Walden Pond.

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US News


Must-Have Apartment Amenities

Joseph Coupal - Tuesday, July 11, 2017

The Gardens at Twin Hickory Apartment Homes, Glen Allen, VALooking for a new apartment? Make sure to ask about these six must-have amenities!

1. Washer and dryer

Having a washer and dryer in your apartment, or at least in the building, will save you a great deal of time, money, and effort.

If the washing machines are located within your building, getting your clothes back to your apartment will be that much easier. And if the washer and dryer already come with your own apartment unit, that’s even more convenient. Ultimately, you won’t have to spend an extra 15 minutes trekking in and out of your building, while carrying a giant load of clothes each time.

2. Dishwasher

Even if you’ll be living on your own, a dishwasher is certainly convenient. With your busy schedule, you may not have the time or energy to be standing at the sink, painstakingly washing and drying all the dishes you left piled up over the week.

A dishwasher will help you get the little things done more efficiently so you can have time to focus on other, more important things — and have clean plates too.

3. Parking

If you live in a crowded city, you can easily envision this scene: cars in bumper to bumper traffic, sporadic honking, and — inevitably — no place to park your car on the street. You’re desperate and all you want to do is go home and unwind after a long day, not spend half an hour circling your neighborhood for a parking spot.

The good news is, you can avoid this stressful scenario by hunting for an apartment complex with private parking, such as a lot or a garage. Having your own, designated parking space will not only alleviate any parking-related anxieties you may have, but it will also afford you some peace and security about where you’re leaving your car.

Of course, the general safety of any neighborhood varies for everyone, but it’s always nice to know exactly where your car is and that it’s not being disturbed.

4. Cooling and heating system

One of, if not the, most important aspects of having your own apartment is your personal comfort. Make sure you scout out a place that has both air conditioning and heating.

For some of you, living without air conditioning isn’t such a big deal, especially if you’ve done it before and fared well — which is totally fine! However, speaking from the experience of living in a dorm for two years without air conditioning, surviving the hotter months during the academic year (mostly the end of August/beginning of September and May) was quite brutal. Sometimes, fans just aren’t enough. If you’re the kind of person who needs air conditioning to survive in the summer, make sure a cooling system comes with the apartment.

On that note, it’s also important to check that your new place has a heating system. During the winter when the temperature dips well below 20 degrees, you’ll be inside your cozy, heated apartment and congratulate yourself for making such a wise decision.

5. Storage space

With all the stuff you own, you’re sure to need an adequate space to store everything. When looking for an apartment, check for closet and storage space to ensure that there is enough room for all of your belongings. Appropriate spaces within the unit may include closets, mostly for your clothes and miscellaneous things. It’s a bonus if the apartment building has a basement or some sort of storage facility where residents can keep some of their larger items.

6. Fitness center

Perhaps this isn’t for everyone, but for those of you who go to the gym on a regular basis, a fitness center is a necessary component. Having a gym right in the convenience of your own apartment building may motivate you to go routinely, as you won’t have to make the trip to a local gym that’s farther away.

Additionally, as a building resident, you may be able to pay a relatively inexpensive fee to use the fitness center, as opposed to the amount of money you’d shell out at a local gym membership.

For more information on apartments in Glen Allen, VA with all the amenities you need, contact The Gardens.

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ULOOP


Richmond, VA Cheap Rent and Good Jobs for New College Grads

Joseph Coupal - Monday, July 03, 2017

The Gardens, Glen Allen, VAThere are certain things that as a new college graduate you have little control over, such as when you're forced to join the real world. If you happened to graduate in 2008 — when the economy was hemorrhaging jobs while the stock and housing markets were collapsing — you were somewhat out of luck. Still, there were things you could have done to improve your financial odds even in the Great Recession, such as picking a city with the best odds of finding a good-paying job and an affordable place to live.

Which begs the question: Where are those cities for young grads today?

The real estate site Trulia and the careers site Indeed have teamed up to look at which cities provide the best combination of affordable rental properties and the types of jobs that typically employ new grads.

Their conclusion: Finding the ideal place to work and live is tricky, because the market in which you might find the best-paying jobs may also happen to be too pricey for a 22-year-old to afford rent.

There are parts of the country that have the highest percentage of jobs that were amenable to those right out of college. Almost a third of all postings in San Jose were "grad-friendly," and recent grads could expect to earn around $3,333 a month.

Trouble is, all of that economic activity has dramatically driven up demand and prices for homes and apartments. In the San Jose market, new grads can only afford 2.5% of the available rental listings in the area.

Do new grads have to choose between a paycheck in their pocket or a roof over their head? To an extent, yes.

Yet the researchers note that there are some "sweet spots" that offer the best of both worlds.

MONEY took the data from the survey and organized it a bit differently.

We eliminated any location where less than than 10% of the housing market was accessible to new grads, and then looked at the top job markets among the remaining towns on the list. We found the Top 50 of those markets, Columbia, SC is number 41.

29. Richmond, VA
Monthly Income: $2,500
Percentage of Listings Affordable to Recent College Grad: 19.2%
Percentage of Grad-Friendly Job Postings: 15.9%

For more information on apartments in Glen Allen, VA, contact The Gardens.

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The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059

Call: 888-621-8872
Email UsTheGardens.CommunityWebsite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$1,049-$1,481