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Rent prices are going up all over the country, not just this area. I would say yes it's normal. Those people who cannot qualify for a mortgage due to foreclosures, short sales, and other things need a place to live. Many do not want an apartment, so they are going after homes.
Our rent increased 6% and that is not even close to what they first told us it would be. At first they told us it would be an increase of $150-$200 because they were looking to renovate... When we told them never mind we will go elsewhere, they backed down to 6%. We left anyways. Got a better place and better rent a little further out. Good deal for us after all!
The first phase of the new apartment complex on 401 in Fuquay is almost finished, there will be 300 apartments when complete. Rent starts at $1100 for a 2BR. In Fuquay.
The first phase of the new apartment complex on 401 in Fuquay is almost finished, there will be 300 apartments when complete. Rent starts at $1100 for a 2BR. In Fuquay.
That's crazy for Fuquay. I mean we paid $1,000 for a 1-bedroom new apartment in Northern VA (just north of Dulles airport) back in 2003. Of course that was 10 years ago, but $1,100 for a 2-bedroom apartment in Fuquay? Wow!
That's crazy for Fuquay. I mean we paid $1,000 for a 1-bedroom new apartment in Northern VA (just north of Dulles airport) back in 2003. Of course that was 10 years ago, but $1,100 for a 2-bedroom apartment in Fuquay? Wow!
I know. They do look they will be pretty nice, but still. Be interesting to see how they go filling them up. I guess the fact that they are the only nice apartments in the area means they can charge a premium.
//www.facebook.com/marqueestation ".. will feature a gorgeous clubhouse, resort inspired pool, dog park with grooming area,
state of the art fitness center and resident business center.
The apartments will be well appointed with stainless steel appliances, granite counter tops, vaulted ceilings, plush carpeting, patios/balconies, cable & internet service provided and a large capacity washer/dryer in every home. "
Yes, it's normal. In my complex, they have some vacancies, so new tenants are getting lower rates, but renewals go up by 4-6% because they know it's a huge cost and hassle to move. Until vacancies are more common, the law of supply and demand will prevail.
Knock on wood, I will be moving SOON to a new home.
You can try to negotiate. If management likes you, a deal may be possible.
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