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Blacksburg VA Apartment Homes Blog

Best States Rankings: Virginia is #11!

Joseph Coupal - Tuesday, July 18, 2017

Hethwood Apartments, Blacksburg, 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 Blacksburg, VA contact Hethwood.

#HowYouLive

US News


Apartment Amenities You Must Have

Joseph Coupal - Tuesday, July 11, 2017

Hethwood Apartments, Blacksburg, 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 Blacksburg, VA with all the amenities you need, contact Hethwood.

#HowYouLive

ULOOP


Apartment hunting? 4 Things to do Before Signing a Lease

Joseph Coupal - Wednesday, July 05, 2017

Hethwood, Blacksburg, VAMoving is stressful. And not just because of the cost.

Perhaps you're new in town. Ready to switch neighborhoods. Trying to escape a roommate who moonlights as a hoarder.

Whatever's uprooting you, finding a new place can get expensive.

First, there are the upfront costs to prepare for. Many landlords will ask for two months’ rent and a security deposit before you move in.

Then there are the sneaky add-ons. Fees tucked in leases, unforeseen building issues and landlords who cling to your last security deposit can quickly make the process even pricier.

Here's how to survive the transition while keeping your budget, and your sanity, intact.

1. The internet is your best friend

One of the great things about the internet is if somebody's upset with a service, they tend to write about it.

Once you find a building you like, vet everything. What do units typically cost? Have there been issues with bedbugs? Is the leasing company prompt about repairs?

It's better to know in advance if the landlord will charge you hundreds to fix the fridge.

2. Recognize warning signs

Online listings are a great springboard for your search. But always go and check things out in person.

Make sure you can tour the place. An alarm should go off in your head if the landlord is shady about touring and says you can just wire over a deposit.

The application process is pretty systematic. If a company or an agent is asking you to pay cash up front or there isn't a credit check ... that's a red flag. The cardinal rule: If something seems too good to be true, it probably is.

3. Be a little annoying

When you do tour an apartment, ask questions. Turn on all the faucets. Check the water pressure. Test the outlets.

Take your time in the apartment, take your time asking the broker questions and make sure you are doing everything that would make you comfortable.

Brokers often make you feel like you're under a lot of time pressure. But you have a right to due diligence. The same goes for when you actually move in.

Take pictures of everything -- the stove, the doors, the corners -- to document any scratches or scuffing. Put the photos in a folder on your computer. You'll need to prove you didn't do any damage to get your full security deposit back when you move out.

Do a walk-through of your apartment when you sign your lease to check the condition of things. Do the same walk-through with your landlord at the end of your lease.

4. Read the lease (really)

They're lengthy and full of legalese. But the lease is where rental companies stick terms that can really bite.

Access to amenities in the building can have an added fee -- things like a gym and a rooftop deck.

The same could go for trash collection, use of common space and even access to the elevator. Owning a pet, too.

Take the time to comb through every section. And again, don't let the property manager make you feel rushed.

It's so important to read the lease, as long as it may be. Word by word and page by page. For more information on apartments in Blacksburg, VA contact Hethwood.

#HowYouLive

money.cnn.com


Mistakes College Grads Make When Finding Their First Apartments

Joseph Coupal - Tuesday, June 27, 2017

Hethwood, Blacksburg, VAFinding your first apartment after college is a big undertaking — it can be hard to know where to start when you’re staring at a stack of listings and the money from your new job is burning a hole in your pocket. And you’re new to all this, so you’re bound to make some mistakes along the way.

But we can help. Take a look at some of these common slip-ups so you can do your best to avoid them as you search for a new place to hang your cap (and gown … see what we did there?).

1. Starting Your Search Too Early

Generally, the best time to start looking for an apartment is no more than three weeks before your move-in date. But once it’s time to start your search, you want to make sure you aren’t …

2. … Underestimating How Much Everything Costs

Whether you lived in student housing and paid on a semester basis, or you are moving to a different state (or even different city) post-graduation, getting your first apartment can be a big financial adjustment.

You can use the time before graduation to research how much apartments are in the areas you’re considering and what costs you might pay for additional amenities.

3. Not Planning for Expenses Beyond Rent

Most people think about the monthly rent check (or charge, if your landlord lets you pay rent by credit card), but that’s not the only expense you’ll face living on your own. Think about other necessities like laundry detergent, toilet paper and groceries. And remember, there are ways to save on your daily expenses.

4. Leaving Student Loan Payments Out of Your Budget

Monthly payments for student loans are often overlooked … because student loans come with a six-month grace period before you have to start making payments.

5. Forgetting About Credit

Most landlords look at a version of your credit report as part of the application process. Things like credit cards or loans are impacting your credit. Depending on how far into the world of credit you’ve ventured, your credit file may be pretty thin. Not sure? Now’s the time to find out.

6. Not Gathering What You’ll Need

Graduates usually rush to find an apartment without contemplating on the requirements for renting an apartment. They don’t have any offer letters ready, pay stubs or bank statements.

7. Not Talking With Your Guarantors About Their Essential Paperwork

Once you’ve gathered all your paperwork, it’s important to also remind any guarantors of what they’ll need, as springing it all on [them] at the last minute is guaranteed to cause delays and frustrations.

8. Not Brushing Up on Terminology

Recent graduates don’t typically know the difference in rental versus condo versus co-op building. They tend to just shop for what looks awesome and do not take into consideration the process involved with putting together a board package and the cost.

9. Choosing the Wrong Roommates

Compare schedules and lifestyles to see if living with a particular person is really a good idea.

You should already be thinking about things like each person’s tolerance for mess and budget, but now that you have your first full-time jobs, you’ll have to make sure the lifestyles can coexist peacefully.

10. Not Getting Roommate Agreements in Writing

Even if you’re living with your best friend, it’s important to write out responsibilities and agreements you’ve made about the living situation. You’ll also want to outline how bills will be paid and who is responsible for what. Hopefully you’ll never need to reference this for any reason, but you’ll be glad to have it all in writing if things go bad.

11. Not Considering Apartments With Fees

We know, all those fees are the worst. But some of these upfront costs, while painful at the time you see the money coming out of your account, may mean paying less over time.

Many of the no-fee apartments just add fees to your monthly rent. And, if that’s the case, although you will pay less upfront, over time it will even out, as you will be paying more per month.

12. Forgetting to Meet Potential Neighbors

In college, your neighbors were probably other college students, but that probably won’t be the case now. Don’t let that stop you from getting to know your neighbors and finding ones you can trust.

13. Not Factoring in the Landlord

It’s sometimes better to pay a premium to be with a better landlord than to pay less and be with a bad landlord that doesn’t fix anything and is hard to reach.

14. Skimming Over the Lease

In a time when we all just click “next” anytime we install an update on one of our devices, it’s easy to flip to the end of the agreement and sign on the dotted line. But it’s essential you know what you’re agreeing to and negotiate things that you’re not quite on board with.

15. Not Knowing Your Tenant Rights

Tenants (and even applicants) have federal laws protecting them. And, in many cases, there are state laws that help protect you too, so you’ll want to do your research and find out what legal rights you have ahead of time.

16. Passing on Renters Insurance

Renters insurance may seem like one more expense, but just like car insurance, having it may ultimately save you money in the event of a problem.

17. Only Looking at the Bottom Line

Graduates are very price-sensitive, so they will usually go with the cheaper apartment as their rule of thumb. However … they don’t realize that sometimes a cheap deal is not the best deal for them.

18. Holding Out for Perfection

Apartment hunting can be a lot like a relationship — you start out with a list of ideal qualities, but the odds of finding someone (or some place) that meets all these may not be realistic.

Regardless of your budget, there is no perfect apartment. Renting is all about tradeoffs.

19. Forgetting About What Comes Next

When looking for an apartment, people have a tendency to not think about a rental as more than a one-year commitment. But, unless you have reason to move, you probably won’t want to go through the hassle. So, that’s why it’s a good idea to think about how that unit will fit your life in the next few years.

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

#HowYouLive

Credit.com


Renting Now Looks Better Than Before

Joseph Coupal - Tuesday, June 20, 2017

Hethwood Apartments, Blacksburg, VAMillennials locked out of the housing market have this consolation: House prices have shot up so quickly that the financial advantage of being a homeowner is fast eroding in many of the most expensive U.S. cities.

"While it’s still a better deal to buy, the economic benefit has narrowed to the point that in some places, for some households, the decision to rent or buy a home may be too close to call," says Cheryl Young, an economist at real estate data company Trulia, which tracks the comparative advantage of home-ownership in the 100 largest U.S cities.

The shift has come because home prices and interest rates have risen recently, while rents have largely stagnated.

To be sure, owning remains at least a bit cheaper than renting in all 100 of the major cities on Trulia's list.

Yet that difference has narrowed sharply from last year, when owners were paying roughly 41% less than renters.

In some popular cities, moreover, the homeowner advantage is close to being erased.

And it wouldn't take that much to erase those homeowner price advantages altogether, the Trulia data shows. Even a 22% difference could be eliminated if home prices continue to outpace rents -- or if interest rates rise.

For instance, Trulia's calculations are based on the current average 30-year mortgage rate of 4.1%. If rates climbed 2.7 percentage points to 6.8%, the current homeowner advantage would disappear completely, Trulia found.

That's not necessarily an outlandish scenario. While mortgage rates have remained low since the 2008 financial crisis, rates around 7% are much closer to the historical norm. Federal Reserve officials, whose control of short-term interest rates gives them some sway over mortgage prices, expect those short-term rates to rise roughly two to three percentage points over the next few years.

Trulia's rent vs. buy calculations are based on median homes value and rental prices for April 2017. Trulia also assumed homeowners took out a 30-year mortgage covering 80% of a property's value and lived in the property for seven years.

That seven-year assumption is key, because there is one scenario where it's often cheaper to rent than buy: when you plan to stay in a home for just a couple of years. In that case one-time costs like the real estate agent's commission and closing costs loom larger -- and you benefit less from your home's appreciation.

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

#HowYouLive

MONEY


Is Owning or Renting Better for Your Wallet?

Joseph Coupal - Wednesday, June 14, 2017

Hethwood, Blacksburg, VAPart of being smart with your money means managing how much you buy. And while that might be as simple as not buying goods you don’t need, it might also mean considering alternatives to buying — like renting or leasing — to save money.

Opting to rent something has its own set of benefits. For example, you rarely have to make a large upfront payment the way you would with a purchase and you likely won’t need to worry about the ongoing cost of maintenance. However, rental costs can add up to more than you’d ever pay for an item in the first place, so it’s important to consider whether renting truly saves you money.

To help, we talked to the experts to find out when renting is the better option and when it’s better to buy.

Home vs. apartment

The decision to rent or buy a home usually isn’t purely financial. You might also crave the stability and pride of owning or the freedom to renovate and landscape how you want. But there are a few factors that make renting the better financial choice — namely, location.

Renting usually makes sense unless you are pretty sure you will stay in one home for at least five years. This is because there are several thousand dollars of transaction costs that come with buying, financing and, eventually, selling a home.

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

#HowYouLive

The Citizens’ Voice


Reasons to Keep Renting an Apartment in Blacksburg, VA

Joseph Coupal - Tuesday, June 06, 2017

Hethwood, Blacksburg, VAWhile there are pros and cons to renting and buying , the decision is ultimately personal. Here are some signs you should keep renting your apartment in Blacksburg, VA.

1. Not Much Savings

Sometimes it’s tempting when you hear of low down payment options for buying a home. But if you don’t have an emergency fund yet, or if purchasing a home would drain all of your savings, you probably aren’t ready. Homeownership comes with expenses so you want to make sure you have money set aside for home repairs on top of the usual living expenses.

2. Uncertain Job Situation

Signing a mortgage means you are agreeing to pay money every month to own that home. If you have a stable job that you love, this can be great. But if you are unsure whether you will have your job for the next few years, you may want to wait. Even if you’ve just gotten a new job and you are very excited, it may be wise to get a feel for the company before you jump into homeownership. You’ll want to know whether the company is hiring or laying people off and what its financial outlook is to determine your own job security.

If you aren’t certain where you will be in a few years, or perhaps even months, you might want to keep renting for now.

3. No Time for Research

Buying a home is a big decision. You’ll want to learn what you can about the local housing market, including the pricing trends, the school district and the property taxes. Another thing to consider is how well you know the home itself. Sure, that roof looks good, but an expert may tell you it needs to be replaced soon. That’s not the kind of surprise you want after you’ve spent a lot on a down payment. Don’t rush into homeownership without doing your research.

4. Fear

If the thought of buying a home makes you so nervous that you are making yourself sick or having trouble sleeping, you need to explore the reasons before you move forward. Perhaps you aren’t sure this is the right time or the right house. Maybe you don’t want to take on a long-term loan like a mortgage or you worry about being tied to one location. Before you take on a mortgage, it might be best to determine what is truly bothering you.

For more information on renting an apartment in Blacksburg, VA, contact Hethwood.

#HowYouLive

Credit.com


Best College Town To Live In After Graduation

Joseph Coupal - Wednesday, May 31, 2017

Hethwood, Blacksburg, VAThe college lifestyle of meeting new friends and trying different things might be the best part of the college experience for some. But you know what’s even better? Graduating college and getting your life started right out of the gate, which isn’t as simple as it seems. The hassles of college are certainly challenging, but they pale in comparison to the hassles of adult life. Getting a job? Finding insurance? Scheduling regular appointments at the doctor or dentist or wherever else appointments are required? That stuff is brutal and its always going to be brutal.

But we did find a few towns where maybe the tribulations of adulthood can be offset by some good things, like like-minded folks and a good paying job. We analyzed some data and found the twenty best college towns for grads to settle down in once they’re done getting degrees.

In order to determine the best towns, we decided to look at a few different categories:

1. The unemployment rate for those between 25-29

You’re going to need a job after college. We know, we know, it sounds horrible, but it’s a lot better than the opposite. Being stuck out of work sounds like a dream, but it’s a nightmare when the rent check is due every month. We measured how likely new college grads were to get a job by looking at unemployment rates among the newest set of college grads.

2. The benefit of having a bachelor’s degree compared to those without in the town

We looked at median income for those with a bachelor’s degree and subtracted the median income of those without to figure how valuable a bachelor’s degree is in each town.

3. Percentage of 25-34-year-olds also with a bachelor degree

It’s good to be around people like you. Diversity is good too, but towns that are full of young, recent college grads are pretty great towns for college grads to be in.

Also of note, the definition of a college town we’ve used is the town’s population must be less than 5x the enrollment of the given colleges.

4. Virginia Polytechnic Institute and State University (Blacksburg, VA)

Unemployment Rate for 25-29: 4.40%
Median Salary With A Bachelor’s Degree: $31,432
% of 25-34 With A Bachelor’s: 10.12%
Popularly referred to as Virginia Tech and home to the Hokies, Virginia Polytechnic Institute and State University calls Blacksburg, VA home.

The city has a population of 42,620 which is dominated by the student population. It’s been hailed as one of the best places in the U.S. to raise kids and one of the best college towns in the south. Dog lovers enjoy the dog parade during Summer Solstice Fest as the end of summer winds down and people come from around the state to enjoy Steppin’ Out, the annual street fest. Some of the top employers in the city include Moog, Wolverine Advance Materials, United Pet Group and Luna Innovations.

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

#HowYouLive

chestercounty.com


15 Reasons Why Renting Is Better Than Buying - Blacksburg, VA

Joseph Coupal - Tuesday, May 23, 2017

Hethwood Apartments, Blacksburg, VAThe renting narrative is changing. Millennials are not investing in homes like we thought and the housing market is far from “fixed.”

Many people are putting home buying on hold and choosing to make one of their smartest decisions to date. It’s a personal decision to rent or buy, but there are many pros to renting your next home rather than buying. Here are 15 convincing arguments for renting a home — and they’re not all financial.

1. Buying and selling a home is difficult for everyone involved

Selling or buying a home is more stressful than bankruptcy, divorce, and the loss of a loved one, according to one poll. Homes are on the market for an average of four weeks, and 37% of sellers reported reducing the asking price at least once. Plus, if you’re in a long-distance relationship, do yourself a favor and rent. A 12-month lease is a whole lot easier to break or buy out than a 30-year mortgage.

2. Property taxes can kill you

Many homeowners are unaware of unexpected costs that come with owning a home of your own. Fees, such as property taxes, insurance, and maintenance, add up quickly. Taxes can fluctuate, but rental terms are consistent across the duration of your lease.

3. You can take time to repair your credit

Irresponsible spending habits in college and those sneaky credit card scams will haunt you for years. Sometimes, it can take more than seven years to fix your credit. If you’re in the bad-credit club, like one-third of the American population, it might be best to rent rather than buy. Those with low credit scores will find buying a home laborious, and it’ll be wise to wipe clean those credit blemishes before jumping onto the buying scene or making any substantial purchases in general. Renting to re-establish a solid payment history can be a good way to bide your time.

4. You’re financially unable

Those with irregular incomes, such as freelancers or small-business owners, prefer renting as a more stable monthly option. Homeowners are at the mercy of Freddie Mac and Fannie Mae — and who knows what their future plans are. Today, mortgage rates are still low, hovering around 4%. But before you think our nation’s real estate woes are over, remember the average 30-year fixed-rate mortgage was under 3.75% in summer 2016. Then, it shot upward after the presidential election and averaged 4.24% in December. If you’re still unsure about your ability to overcome any potentially rocky housing trends, consider renting while establishing a bigger emergency fund.

5. You remain flexible

Buying a home means choosing a location we want to plant roots in for at least a few years. For those who aren’t exactly sold on their current living situation, investing in real estate would be a mistake. Mortgages and other ownership obligations are like concrete shoes — don’t expect to pick up and move anytime soon. When the opportunity comes to accept your dream job on the opposite coast or marital bliss rides on relocating to another city, the last thing you want to do is get bogged down in selling a home.

6. Maintenance issues are not your problem

If you don’t know what a Philips head screwdriver is then you might want to rent your next home. Not all of us were blessed with the handy gene. Homeowners are often forced to fork over a sizable chunk of their savings to make impromptu and unexpected home repairs. But renters only need to place a call to their property managers when there is a maintenance issue.

7. Upkeep is less expensive

Say goodbye to weekends filled with long afternoon brunches and lazy days at the pool. That large backyard that originally sold you on your property? Well, it needs to be mowed — again. Homeowners don’t have the luxury to bypass time-consuming chores that renters ignore. And renters need not worry about general housework and upkeep required of homeowners.

8. It makes filing taxes harder

If you think taxes are intricate now, wait until you buy a home. Yes, there are some valuable tax breaks homeowners receive, but processing mortgage interest deductions, home repair expenses, and rental income takes considerable time. That’s something renters don’t worry about. In fact, renters are already out socializing care-free, knowing their refund checks are already on their way.

9. There are options for roommates

Roommates are a great option if you’re looking for help shouldering the cost of living expenses. Having someone around to split the cable bill and vent about workplace drama is great, but with homeownership, one person is responsible for the payment at the end of the month. So when that flaky roommate is late on rent, the difference must be made up elsewhere. Apartment complexes, on the other hand, are experienced working with multiple tenants in one location and offer options for individual leases.

10. You have more access to amenities

Renting in a community allows you access to things, such as a community pool, fitness center, dog parks, and Wi-Fi. If you still want access to these perks after leaving the comfy confines of rental agreements, you’ll need to shell out serious dough.

11. You can grab cash bonuses

Many rental communities offer additional cash bonuses if you work for local companies. If you’re a local employee, you might be eligible for rental stipends or bonuses just for working close to home. Check to see whether your employer is on the list of nearby companies to max out every discount and money-saving trick in the book.

12. Urban living at a cheaper price

It’s been said millennials prefer city living over driveways and acreage, but they are unable to afford the fees that accompany urban life. Living near universities and vivacious night life is not cheap, and purchasing an Instagram-worthy loft is a merely a pipe dream for some. Depending on where you want to live, trendy areas, such as warehouse or arts districts, major cities, and beach communities, are typically more renter friendly. Finding affordable homes to buy might require moving into less popular areas.

13. There’s better security

Gated communities come at a high price, but most rental complexes have security features already included in their agreements. This is a welcomed benefit for women, single renters, or tenants living in urban environments. Homeowners will find neighborhoods with these extra precautions come at a price.

14. You remain adverse to risk

Financial advisers might say we must “risk it to get the biscuit,” but that’s easier said than done in a housing market that’s seen so much variation lately. Therefore, many are choosing the safer option to rent rather than investing in real estate. In addition to affordable prices, renters are also adverse to potentially debilitating changes in the housing market. Although experts are showing a recovery, a better, more accurate description is stabilizing. Words, such as “foreclosure” and “mortgage rates,” are still often paired with phrases of uncertainty. And that’s worrisome to fiscally conservative Americans.

15. You have the ability to invest elsewhere

It’s recommended home buyers put 20% down on a home to avoid being house poor. Even when considering upfront rental fees and deposits, it’s still cheaper than the tens of thousands of dollars it takes to buy a home. Some renters might already have potential savings stacked away for this very purpose, but with other uncertainties and future questions, it might be best to invest that money elsewhere. A few grand could do wonders for your future retirement or help hack away at those student loans that still burden you.

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

#HowYouLive

cheatsheet.com


Forbes: Blacksburg, VA Among Best Places to Retire

Joseph Coupal - Wednesday, May 10, 2017

Hethwood, Blacksburg, VA“I never stop marveling at the beautiful scenery,” one retiree said. “This is a beautiful place to live.”

Perhaps best known for being home to Virginia Tech, the town has again been listed by Forbes magazine as one of the 25 best places to retire in the U.S. As in previous years, Forbes didn’t rank their picks, meaning that no place can claim to be number one.

The reputed financial publication used an array of criteria that included cost of living, home prices, weather, walkability, public safety, unemployment and access to health care.

While Blacksburg ranked above the national median and average in home prices and cost of living, the college town of roughly 44,000 got nods for its low crime rate, unemployment rate and moderate climate.

Using data from real estate firms, Forbes reported that the median home price in the U.S. is $212,300, or about $18,000 lower than in Blacksburg.

Using an index to show the cost of living, the magazine reported that Blacksburg’s index was 102, placing the town slightly above the national average of 100. Blacksburg, however, is situated in a relatively low-crime area, something Forbes said is an important draw for older adults.

The national violent crime rate average is 367 per 100,000 people. The Blacksburg, Christiansburg and Radford metro area’s violent crime rate sits far below at 175 per 100,000 people.

Forbes also listed a healthy local economy as key because of the possibility that retirees will work part-time. The magazine said a strong economy tends to raise home prices, something that would be a benefit should someone want to sell a home.

One of the factors Forbes used to illustrate economic health was unemployment, which sits at 5 percent nationally, according to the magazine. Blacksburg’s unemployment rate sits just below the national average at 4.3 percent, it ranked.

Forbes also noted early in its summary of the best places for retirement that it skewed its list toward warm or moderate climates. The magazine mentioned that research it gathered shows baby boomers favor sunnier weather when they move.

Blacksburg’s year-round high is 63 degrees and that the town’s 2,000-foot elevation provides some relief from the summer heat.

Many like that they can be in the country, but in less than five minutes they can be in town.”

Retirees can enjoy the quiet rural life, but also quickly find entertainment with Blacksburg’s numerous restaurants and shopping opportunities.

The proliferation of college students also energizes the town.

Blacksburg is not also completely removed from larger metropolitan areas, which include Richmond, Washington, D.C., and Asheville and Charlotte in North Carolina.

For more information on retiring to an apartment in Blacksburg, VA contact Hethwood.

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The Roanoke Times



Hethwood Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060

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