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Why A House is Better Than an Apartment During College

It’s no mystery that the recent trend for college housing has been high rise apartment complexes with pools and way too many roommates. But what if that’s not actually your best option?

 

Living in a house over an apartment during your college years has many benefits. And it’s not actually as much maintenance as rumors may say and it is cheaper! Jackson Properties provides yard work services, pest control, and house repairs, which means the only thing you really have to maintain is your own space! Just like anywhere else. The benefits outweigh the negatives by a long shot. So we have put together this list for you to see for yourself…

 

You will use your huge backyard more than a complex gym and grill

High rise complexes bait you in with promises of game rooms, pools, grill areas, etc. But in reality, less than half of apartment residents actually use the amenities offered. When you have your own large backyard within steps of your bedroom, you’re more likely to take advantage of it’s possibilities like bonfires, gardening, laying out, tailgating, grilling, and more!

 

More Privacy

When you’re living in an apartment complex, you’re sharing the hallways, the elevator, the pool, the grill area, etc with hundreds of other residents; and they probably all brought their own guests too! In a house, you wouldn’t have to deal with waiting your turn to use a grill that doesn’t work and you wouldn’t have to deal with trashed elevators and hallways after a big game. When living in a house, you get the opportunity to go at your own pace and worry about your own messes, no one else’s. And definitely not anyone above or below you!

 

Better point of contact – always within reach of the owner

High rise complexes are run by big corporate companies with offices hundreds of miles away, which is not ideal if you want to speak to owners directly. On top of that, property managers at these complexes are on high turnover and rarely have time to get to know their residents. When you’re renting a house from a local company, the owner is right in the office and can speak to you about your concerns and accommodations directly! As well as having a friendly, long-term, and dedicated staff to help you find what suits your needs.

 

Owners typically care about their houses more

As mentioned above, the real owners of high complexes are usually miles away and can’t directly oversee how their properties are being run. When you rent local, the owner is more directly involved and takes pride in the condition of the houses. Quality, cleanliness, and repairs are prioritized. 

 

Parking is never an issue – for you or for your guests. No extra charge

No more monthly fees for parking in a crowded garage! You and your guests get to park for free in your own driveway. So no more having to hear “where should I park?” from visitors. 

 

Can divide up the rent differently to meet everyone’s needs

Personalize your agreements with roommates to meet the needs of everyone! If you have a smaller room in the house, you can make a deal with roommates to pay a lower price, and vice versa with a bigger room. Everyone’s experience within the house can be personalized and different. No more cookie cutter, identical copies of rooms!

 

It’s cheaper overall 

When you look at the overall costs of living in a high rise, it’s not just rent and parking going into your monthly payment. These companies also include the high costs of their advertising into your rent. All that free merchandise and TV giveaways has to be paid somehow! And it’s right out of their residents’ overpriced rent.

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Real Estate Roundup!

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio, or DTI. — From Bankrate

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!

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Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

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