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Old 03-13-2008, 11:37 AM
 
Location: Charlotte, NC
452 posts, read 1,217,890 times
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Ive noticed that renting an apartment in charlotte is more expensive than a house (3br home average $1050 vs 3br apartment $1100. WHY?
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Old 03-13-2008, 11:39 AM
 
Location: Up above the world so high!
45,269 posts, read 88,507,295 times
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Quote:
Originally Posted by luisdiovany View Post
Ive noticed that renting an apartment in charlotte is more expensive than a house (3br home average $1050 vs 3br apartment $1100. WHY?
If you find a home at or under $1000 it will not likely be in a desirable area - an apartment in that range however, will be.
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Old 03-13-2008, 11:43 AM
 
Location: Charlotte, NC
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Loves: Well let me tell you, i have found a bunch of homes in the university city area where im looking to live for about that average, some a bit more, but when you compare to an apartment is doesnt make sence.
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Old 03-13-2008, 11:44 AM
 
Location: Charlotte, NC
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The only reason im even thinking of apartment is for pool, no grass to cut, gym, etc.
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Old 03-13-2008, 11:45 AM
 
Location: Up above the world so high!
45,269 posts, read 88,507,295 times
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Quote:
Originally Posted by luisdiovany View Post
Loves: Well let me tell you, i have found a bunch of homes in the university city area where im looking to live for about that average, some a bit more, but when you compare to an apartment is doesnt make sence.
It can if you know the neighborhoods those homes are in. If you want, send me a dm with links to homes you are interested in and I'll tell you what I know about them (if anything).
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Old 03-13-2008, 11:58 AM
 
Location: Huntersville
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It's actually the cost of maintaining such a home or apt. Most homes have 2 to 3 bedrooms and the people renting them usually do so for the mortgage plus a little profit. They usually require the renter to maintain the place (not big repairs) but lawn and such and usually there are no amenities. With an apt, a decent 1 bedroom is around $700 to $750. This is usually what the single person or couple can afford (based on market). Adding a bedroom is another $200, so a 2 bedroom is $950, another bedroom another $150 or $200. The apt costs also go up per person, more people using pool, gym, conf room, etc. So you pay for those amenities per person, not just the extra space. Again it's also the market, not as many families rent 3 bedroom apts, it is usually 3 single people, thus splitting the rent to $400 per person. It's what the market can handle. Thats the economics of it all, in my opinion.

Now, as far as the University area homes.. depends on where, thats a big area. I don't know many higher quality areas having homes for rent that cheap, but they would most likely not be in a great area. I would rather pay the apt rent to be in the Mallard Creek area. Yes you use some yard, but you get a little newer cleaner, and less issues.
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Old 03-13-2008, 12:09 PM
 
Location: Charlotte, NC
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Well the other problem ive ran into has been the living rooms in some of these apartment. I have a Big screen entertainment center. Most apartments that ive seen have small sq footage.. living rooms are set up for sitting area. I found 2 or 3 with big living rooms, but they were $1300+. In the University area i have found between $1050 - $1295. (Davis Ridge, by W Sugar Creek Rd, also some by Lowes Speedway SR29)
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Old 03-13-2008, 12:10 PM
 
Location: Uptown CLT (4th Ward)
2,560 posts, read 7,717,785 times
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Quote:
Originally Posted by luisdiovany View Post
The only reason im even thinking of apartment is for pool, no grass to cut, gym, etc.
Just a suggestion...but stay NORTH of Harris Blvd & WEST of I-85 is the better area of University City.

GOOD LUCK!
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Old 03-13-2008, 12:12 PM
 
Location: Charlotte, NC
452 posts, read 1,217,890 times
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the 7 of 4: By Northlake Mall?
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Old 03-13-2008, 12:15 PM
 
Location: Uptown CLT (4th Ward)
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Quote:
Originally Posted by luisdiovany View Post
the 7 of 4: By Northlake Mall?
That is a fine area.

I personally like the apartments called "Worthington" on Harris Blvd. Luxury.

There are also new apartments near Mallard Creed Rd & Prosperity Church Rd (can't think of the names).

Pretty much anything NORTH of Harris & WEST of I-85 is OK!
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