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Blacksburg VA Apartment Homes Blog

Blacksburg, VA: #4 Best Affordable College Town for Recent Grads – And Everyone

Joseph Coupal - Thursday, July 19, 2018

Hethwood Apartments, Blacksburg, VAThe Town of Blacksburg was ranked the #4 Best Affordable College Town for Recent Grads (And Everyone Else) by Realtor.com. Their data team looked at 700 markets with at least 1 four-year university and 10,000 undergraduates in the area. The rankings were done considering percentage of students, unemployment rates, home appreciation, and median income.

After receiving their diplomas, Virginia Polytechnic Institute and State University (Virginia Tech) graduates often head to cities such as Washington, DC, or Charlotte, NC.

But those who prefer the great outdoors over big-city life are choosing to stick around. For starters, the Appalachian Trail is just a short drive out of town.

For those searching for an inspiring place to live and do business, Virginia’s New River Valley provides both an eclectic small town atmosphere and an innovative, collaborative business community with a loyal, highly skilled, and educated workforce. Offering the best of all worlds – magnificent mountains, cutting-edge research, arts, entertainment, and education – it’s A NATURAL FIT.

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

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newrivervalleyva.org


Virginia: A Best State to Live in 2018

Joseph Coupal - Tuesday, July 10, 2018

Hethwood Apartments, Blacksburg, VADo you live in one of the best states in America?

You might think people across the nation like to think they live in the best place in the country. After all, you wouldn’t spend your lives somewhere that you truly didn’t love. Right? Not always. In fact, according to a Pew Research Center study not too long ago determined that almost half of Americans would rather live somewhere else than they do now.

Well, if you’re in one of the states we’re about to highlight, odds are you don’t want to go anywhere.

The purpose of this study is to use science to determine which of our great American states are the absolute best. While unbiased, this research does take into account factors that almost all Americans would agree are desirable. Therefore, while you may have strong opinions either way, you can’t argue against the methodology.

Turns out New Hampshire is the best state to live in the country. The worst? You might not be too surprised that New Mexico takes the cake.

Virginia is #5 on this List of the 10 Best States to Live in America for 2018.

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

#HowYouLive

homesnacks.net


Grilled Rosemary Steak for Your 4th of July BBQ

Joseph Coupal - Tuesday, July 03, 2018

Hethwood Apartments, Blacksburg, VAAre you having a BBQ at your apartments in Blacksburg, VA for the Fourth of July? If so, try out this great recipe from Southern Living.

Strip Steak with Rosemary Butter is a great option for smaller 4th of July celebrations. After all, you don’t want to be tied to the grill all night. Seasoned strip steaks hot off the grill pair perfectly with rosemary and lemon-infused butter. Our recipe makes four servings, but adjust to suit your guest list. Top each steak with Rosemary Butter and serve with a fresh cucumber salad and oven-roasted potatoes. Lemon rind gives the Rosemary Butter a fresh flavor that pairs wonderfully with the steaks. This recipe might look time consuming on first glance but, with just 15 minutes of prep time and 8 minutes at the grill, it will come together quicker than you think.

Strip Steak with Rosemary Butter

Ingredients

  • 1/2 cup butter, softened
  • 1 tablespoon fresh rosemary
  • 2 teaspoons grated lemon rind, divided
  • Salt and pepper to taste
  • 1 tablespoon dried Italian seasoning
  • 1 1/2 tablespoons olive oil
  • 2 garlic cloves, minced
  • 1 teaspoon pepper
  • 1/2 teaspoon salt
  • 4 (6-oz.) beef strip steaks (1/2 inch thick)

How to Make It

Step 1

Stir together butter, rosemary, 1 tsp. grated lemon rind, and salt and pepper to taste. Cover and chill until ready to serve.

Step 2

Combine Italian seasoning and next 4 ingredients in a small bowl. Stir in remaining 1 tsp. lemon rind. Rub mixture over steaks. Cover and chill 1 hour.

Step 3

Grill steaks, covered with grill lid, over medium-high heat (350° to 400°) 3 to 4 minutes on each side or to desired degree of doneness. Serve with butter.

#HowYouLive

Southern Living - Image and Recipe


Buying a Home Could be a Bad Career Move

Joseph Coupal - Wednesday, June 27, 2018

Hethwood Apartments, Blacksburg, VAAmerican dream or ball and chain? We’ve heard so many times that homes are the ultimate investment, but your job advancement and long-term salary potential could be hindered if you’re tied down.

Most of the time, the buy-vs.-rent debate revolves around which is the best financial decision. That’s for good reason: As you’ve undoubtedly heard more than once, buying a home is the biggest purchase you’ll probably ever make. Most people need to borrow hundreds of thousands of dollars to make it happen.

It’s not a decision to make lightly, and the numbers involved are something you need to take seriously — especially when the adage that buying is always better than renting is a myth, not fact.

In some cases, you shouldn’t buy a home because it’s not the financially sound choice. Taking on a large amount of debt for the long term after shelling out that much cash up front could put you in a precarious financial position.

But let’s just say the numbers do check out for you, and you want to buy a home. In that case, you still need to consider one other factor that might make buying a bad choice: your career.

The Finances Check Out, But That Still Doesn’t Mean You Should Buy

At worst, buying a home could sabotage your career opportunities. Even in a less-dramatic situation, your house could seriously limit how much you could advance in your career — and affect how much money you can make.

Owning a home reduces your flexibility to pursue jobs and opportunities that may make it easier for you to build serious wealth over your lifetime.

For many people, committing to living in a single location for years could seriously interfere with their ability to grow their career, expand their business, and earn more money.

It’s Difficult to Move to Follow Career Opportunities

It’s hard enough to move from one place to another when you rent. But moving as a renter is considerably easier than moving as an owner, because you can’t just up and leave any time you want when you own your home. As a renter, you always have the ability to break your lease if you need to.

But as a homeowner, you can’t just call up the bank or anyone else and ask them to take the house off your hands.

If you’re trying to move to chase down a career opportunity, you need the ability to be fast and flexible. Depending on what the real estate market looks like at the time you want to move, that may not be possible.

You Might Not Be Able to Afford to Move

If you bought within the last three years, you sunk a lot of cash into your home. In an average market, it’s unlikely that home prices will have risen to a point where you could break even, let alone make a profit. Unless you’re willing to lose money on the house you might have bought as an “investment,” you might be in a position where you can’t afford to move.

A Lack of Career Flexibility Could Lead to a Lack of Wealth

The inability to move to explore a new position, role or career opportunity could limit your ability to earn a higher income. Taking new jobs or calculated career risks are both great ways to potentially earn more money than to sit at your existing job and cross your fingers hoping for a raise.

When you earn more money, you get to choose how much to save for the future, which puts the power in your hands rather than at the whim of the real estate (or stock) market.

Buying a Home Limits Your Flexibility

Of course, all of this is just something else to think about when you’re making a decision on whether or not to buy. You may not need much career flexibility at all, and that’s fine. But failing to account for this could turn into a big financial mistake.

You do need to understand how buying a home can limit your career flexibility. It can limit your ability to chase down an opportunity if it arose unexpectedly. It also limits your financial flexibility and liquidity over the short term, because it requires you to put a good chunk of your liquid cash into an illiquid asset.

“Less flexibility” is a trade-off you make when you buy a home. Whether that’s acceptable or not is up to you — but the bottom line is that you must think about this factor if you want to make a fully informed, responsible decision around buying real estate.

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

#HowYouLive

kiplinger.com


Spotlighting Apartments in Blacksburg, VA

Joseph Coupal - Monday, June 18, 2018

Hethwood Apartments, VAWe'd like to take a look at and celebrate the community in which we live and work. It’s an opportunity for us to highlight the areas that we find so special and the places we choose to be a part of.

There’s no better place to start than where we first began: Blacksburg and Roanoke, two beautiful cities in Southwest Virginia. Our original corporate headquarters, located in Blacksburg, is where everything started in 1966 when Harry H. Hunt III, the founder of HHHunt, saw the need for faculty and student housing at Virginia Tech.

Nestled in the Blue Ridge Mountains, Blacksburg and Roanoke are special places for a number of reasons. The communities boast stunning scenery and natural beauty, tons of outdoor activities, great wineries, markets and boutique shops, Mill Mountain Zoo, and more. Both cities have eclectic and delicious food scenes and the Hotel Roanoke is a beautiful and historic hotel definitely worth a visit. And, of course, we can’t forget about Virginia Tech. The world-class university serves as the heart of Blacksburg. There’s lots of Hokie pride at HHHunt!

We have a number of apartment communities in the area, including Foxridge and Hethwood, which are located in Blacksburg, and Honeywood, which is conveniently situated near downtown Roanoke.

We are thankful and excited to continue serving as an engaged community partner in these bustling and vibrant cities!

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

#HowYouLive


It is Cheaper to Rent than to Own in Virginia

Joseph Coupal - Tuesday, June 12, 2018

Hethwood Apartments, VAOwning a home is often considered the American dream — and it's an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state.

But many homeowners reap benefits that you can't get from renting, such as financial security and stability, tax deductions, and a vehicle for retirement savings. 

While renting can't offer those long-term financial benefits, the study found that it's cheaper to rent on a month-to-month basis. If you're wondering how to save money for a down payment, renting can help you build that nest egg. However, in extremely expensive or competitive markets renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities.

This comparison doesn't include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages.

Key takeaways

Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost of monthly rent.

In some states, the cost of owning far eclipses renting.

In Virginia it costs 48% more to own vs. rent each month!

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

#HowYouLive

Nerdwallet.com


Step into Blacksburg, VA - A Great Town

Joseph Coupal - Tuesday, June 05, 2018

Are you trying to decide where to live? Maybe it's time to check out Blacksburg, VA. Blacksburg has been called a Best College Town, a Best Place to Live in VA, a Top 100 Place to Live, a "dream town" for outdoor enthusiasts, and a Top 10 City to Raise a Family.

Need to know more? Step into Blacksburg and watch the video above.

Step Into Blacksburg and you'll find a special town. It's a place with something for everyone. Arts. Education. Dining. Recreation. Technology. Business. And more. It is a place with small town charm and metropolitan opportunities, a place that offers unmatched beauty and uniqueness all of its own, and it is known nationally for many reasons, including the Virginia Tech Hokies, the Virginia Tech Corporate Research Center, and the Smart Road, to name a few.

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

#HowYouLive


Blacksburg, VA is One of the South's Best College Towns

Joseph Coupal - Tuesday, May 29, 2018

Hethwood Apartments, VAWhat Does it Take To Be the Best College Town?

While the college towns that topped the preseason poll for reasons beyond the gridiron, we won't judge you for making an end zone rush to visit.

Best College Town Criteria:

  • A population under 200,000 (thus excluding favorites like Austin) so that the school has an incredibly strong impact on the town.
  • A lively local scene with good, affordable restaurants, independent boutiques, and support of the arts.
  • A dedicated and active alumni base.
  • A healthy dose of Southern charm.

Blacksburg, VA

The home of Virginia Tech, in the New River Valley 45 minutes from Roanoke, feels blissfully off the grid. Hokie campus–a 2,600-acre green dotted with stone buildings and ancient oaks–meets downtown on College Avenue. Try local brews like Peachicot Blonde Ale and listen to live music at Top of the Stairs, a dive bar discreetly located in a charming white building.

**Readers' Choice Winner**

Blacksburg, VA was voted the best college town in the South by Southern Living's Facebook fans

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

#HowYouLive

Southern Living


Homeownership Hidden Costs Often Top $9K a Year

Joseph Coupal - Tuesday, May 22, 2018

Hethwood Apartments, VAPrepare yourself by knowing the less-obvious costs of owning a home. Insurance, maintenance and more add up faster than you think.

Buyers too often focus on a home’s list price or mortgage payment to determine what they can afford. However, the numerous less-obvious costs associated with homeownership can affect the monthly bottom line.

To help home buyers budget more accurately, Zillow and Thumbtack identified several common but often overlooked home expenses and calculated what homeowners around the country could expect to pay for them. The analysis also included utility cost estimates.

While each extra expense might seem small, they cost U.S. homeowners, on average, $9,080 a year, according to the report.

Unavoidable costs

Nationally, homeowners pay an average of $6,059 a year in unavoidable costs, which include homeowners insurance, property taxes and utilities. Since nearly half (47 percent) of home shoppers today are first-time buyers, many of these extra costs may come as a surprise.

Maintenance expenses

Nearly all homeowners (96 percent) have made some kind of improvement to their homes. While many complete these projects themselves, those who pay professionals can expect to spend an average of $3,021 for the six most common hired home projects: carpet cleaning, yard work, gutter cleaning, HVAC maintenance, house cleaning and pressure washing.

Budget planning

More than a third of buyers go over budget on a home purchase. In addition to the mortgage, the price includes estimated property taxes, insurance, PMI, utilities, taxes, HOA fees and closing costs.

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

#HowYouLive

zillow.com


Blacksburg, VA: 2018 Top 100 Best Places to Live

Joseph Coupal - Tuesday, May 01, 2018
Hethwood Apartments, VAWe poll the nation each year to find out what matters most in communities throughout the U.S. Is health care most important, or affordable housing? Which matters more, commute times or climate? We then source the best public and private data available to find the small to mid-sized cities, towns and villages that meet your standards of a Best Place to Live.

This year, nearly 2,300 cities were ranked on more than 40 data points measuring economics, housing, amenities, infrastructure, demographics, social and civic capital, education and health care.

Want to know more about how this list came together this year? Check out our methodology page and our ranking criteria.

2018 Top 100 Best Places to Live

# 63. Blacksburg, VA

Population: 43,530

With gorgeous scenery, the Blacksburg area features 60 mountain peaks and a myriad of trails that are ideal for hiking and biking. Home to Virginia Tech, the college town atmosphere in Blacksburg has helped foster affordable housing options along with a robust downtown district, fantastic restaurants, boutiques, and entertainment venues.

The Blacksburg Historic District draws admirers of Greek revival, Gothic and Colonial American architecture, and the local economy is bolstered by innovative technology hubs like Virginia Tech Transportation Institute's Automation Park, a sprawling testing ground for drones and self-driving cars.

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

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Hethwood Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060

Call: 888-397-2931
Email Usinfo@foxridgeliving.com
View Map

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

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