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

Relocating to the Richmond Area? Rent Instead

Joseph Coupal - Monday, January 30, 2012

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 Glen Allen, 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 time line 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 a home, 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 Glen Allen, VA contact The Gardens at Twin Hickory.

Original article - Home Goes Strong


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