Foxridge Collegiate Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060
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Apartment Homes Blacksburg, VA Blog

Fall Festival Fun Around Blacksburg, VA

Joseph Coupal - Monday, September 25, 2017

Foxridge, Blacksburg, VABlacksburg is located in the northern Blue Ridge Highlands and is home to Virginia's 2nd largest public university, Virginia Tech. Residents of our beautiful town can walk the campus, visit the popular Moss Arts Center, visit galleries and performances or take a leisurely stroll through Downtown Blacksburg to window shop. You can also tour Smithfield Plantation, built in 1773. Enjoy beautiful vistas and the artisanal touch of this cultural crossroad and go to town!

Fall Festivals

Here are some events in and around town that those who live in apartments in Blacksburg, VA will enjoy.

Bristol - Bristol Rhythm and Roots Reunion is a three day music festival held annually in downtown Bristol. The festival showcases the past, present, and future of everything Appalachia, all held in the city that is known as the Birthplace of Country Music.

Richmond -The Richmond Folk Festival features more than 30 performing groups on seven live stages with continuous music and dance performances, along with a Virginia Folk life demonstration area, children's activities, a folk arts marketplace, regional and ethnic foods, and much more. Admission is free!

Norfolk - The Annual Town Point Virginia Wine Festival presented by AT&T, Hampton Roads' most anticipated Wine Festival of the fall season in Town Point Park along the Downtown Norfolk Waterfront. This fall festival favorite will showcase over 200 of Virginia's finest wine varieties and encapsulate the elegant flavor and flair of the region.

Weekends in October in Syria -Graves' Mountain Apple Harvest Festival - Come and see nature's way of blanketing the mountains with beautiful fall colors as you enjoy local food, bluegrass music, a hay maze, hayrides, and plenty of other fun-filled activities for the entire family.

Ferrum - Experience what life in the Blue Ridge is like, both now and in the past, at Ferrum College's Blue Ridge Folklife Festival, which celebrates western Virginia's folkways. The festival includes four music and storytelling stages, two dozen Blue Ridge foods, 50+ old-time crafts, and much more.

Urbanna - This is the 60th Anniversary of "The Official Oyster Festival of the Commonwealth!" - the Urbanna Oyster Festival. Come by BOAT or come by LAND because we have got everything oyster and more! The charming Town of Urbanna closes it's streets for this big celebration of oysters. This is where the Oyster Trail Began...

Charlottesville - The Virginia Film Festival has been celebrating the magic of the movies and inspiring audiences for over 28 years. Every autumn, the Festival showcases celebrated new features and documentaries, fresh perspectives on timeless classics, and local filmmakers from right here in Virginia.

Williamsburg – Don’t miss out on the 2017 Williamsburg Taste Festival. We invite you to eat, drink and learn in Williamsburg, Jamestown and Yorktown, with 35+ culinary inspired events highlighting Virginia's Finest.

Richmond - Fire, Flour & Fork is a four-day culinary event, organized by Real Richmond Food Tours, celebrating the best the Richmond region has to offer: its complex history, its rich artistic community and its established and rising culinary stars.


Things to do in Blacksburg, VA

Joseph Coupal - Monday, September 18, 2017

Foxridge, Blacksburg, VAIf you live in an apartment in Blacksburg, VA and are looking for some fun and different things to do, here are a few ideas in an around town.

Blacksburg Dog Park - 2100 Toms Creek Road

Enjoy the park with your furry friend from sunrise to sunset. Dogs must have a current dog license and wear an owner identification tag at all times.

Mountain Lake Conservancy - 115 Hotel Circle, Pembroke

This is a mountain top getaway just 30 minutes north of Blacksburg. Enjoy hiking, biking, tennis, wagon rides, outdoor recreation, and family entertainment.

Mabry Mill - 266 Mabry Mill SE, Meadows of Dan, Virginia 24120

A special and unique part of history is found at Mabry Mill. Originally built in 1910, the historic water-powered grist mill, sawmill and nearby blacksmith shop provide the visitor with a view of pioneer life along the Blue Ridge Parkway.

Nellie’s Cave Park

A 10 acre park in Blacksburg featuring a soccer field, basketball court, T-ball field, playground, horseshoe pits, picnic tables/shelters, barbecue grills, bleachers, benches, walking trails and restrooms.

Claytor Lake State Park Pulaski

It's an ideal setting for boating, swimming, camping, hiking and picnicking. Sport fishing is especially popular. Boating supplies, fuel and refreshments are available at the marina. Twelve cabins overlook the 4,500-acre lake.

New River Trail State Park

A "Rails to Trails" project, the New River Trail State Park meanders through southwestern Virginia and parallels the scenic and historic New River for 39 miles. Hiking, biking, horseback riding, and boating are just some of the possibilities.

Pandapas - 3151 Pandapas Pond Road, Montgomery County

An 8-acre man-made pond that features warm-water fishing and canoeing. A one-mile circuit trail goes around the pond, and several other popular Jefferson National Forest trails connect to it.

Virginia Tech Duckpond - Duckpond Road, Blacksburg

A perfect place to picnic, the duck pond has picnic tables, park benches and a gazebo. It is located on the Virginia Tech Campus in Blacksburg.

Hahn Horticulture Gardens

The Hahn Horticulture Garden encompasses nearly six acres of teaching and display gardens on the campus of Virginia Tech in Blacksburg, Virginia. Established in 1984 by Horticulture faculty, the garden serves undergraduate students and the local community as a learning resource for plant material, landscaping concepts, and environmental awareness.

Downtown Blacksburg

At the Heart of Your Kind of Town

There’s always something to do in downtown Blacksburg, home to excellent food, interesting boutiques and art galleries, the local farmers market, and the historic Lyric Theatre, which screens films and hosts all sorts of performances and events.

Pedestrian-friendly Main Street is lined with a variety of restaurants, many of them regularly offering live music. The weekly jam sessions at Market Square Park are especially popular. The area’s night life features activities for all ages: comedy shows, live performances, outdoor movies, special happy hours, and community gatherings.


Financial Steps to Take When You Start College

Joseph Coupal - Tuesday, September 12, 2017

Foxridge, Blacksburg, VAAs students start college this year, they face new freedom and responsibility. A college finance consultant tells CNBC that for most students, starting college is a "first step towards financial independence."

Over 44 million Americans hold a total of $1.4 trillion in student loan debt and it takes them, on average, 20 years to pay off those loans. In order to master the transition and not fall into dangerous amounts of debt, students need to remain disciplined and organized.

These six steps can help any incoming student start college off on the right foot and prepare for their financial future.

Create a budget

The first step, of course, is for kids to start to manage the money they have on their own. Create a budget. It may be the first time a college student has seriously looked at the numbers.

The next part of creating your budget it to track your expenses. What can be helpful, especially for kids who have never done this before is to try tracking their expenses for the first 30 days to see, "Where am I spending my money?"

Cut costs

Contrary to popular belief, there are many ways college students can cut costs. Even though your parents may be paying the bulk of the bill, there are also decisions that you can make that are going to make a difference in what they end up having to pay.

One of the biggest ways to save money is on transportation. Don't take a car to college. It is one of the biggest expenses for students. Most campuses have good public transportation systems, so if you can avoid taking a car, that's going to save money on insurance and the cost of parking.

Students can also save money by choosing affordable housing options. In many college towns, off-campus apartments are often less expensive than paying room and board and fees at school. Also, the more roommates you have, the better as far as monthly rent and bills.

In order to save money on expensive text books, check the college library for copies that can be borrowed. Also, look into renting textbooks online or through the university book store.

And instead of subsisting off of ramen noodles for weeks on end, try to make the most of an affordable meal plan. It will be better for the physical and financial health in the long run.

Keep your parents in the loop

Most students pay for college with the help of a parent or family member.

The families that are the most successful are those families who approach it as a team.

Parents have got to be in the conversation with their kid about what their responsibilities are. When students do not fulfill their responsibilities, it is important that they learn the hard way. If your kids mess up, you have to let them mess up and not bail them out immediately, which can be really hard.

It's the students' college experience, but students need to be communicating with parents and working with parents to make decisions that are good for them and good for everyone.

In order to promote this communication and transparency, students will need to give parents access to their financial records. Students have to grant permission to their parents to see certain parts of their records. They want to give access to the bill so they are sure that their parents are seeing it and taking care of things.

Explore campus jobs

Having a campus job is one way for students to cover personal expenses and help contribute financially to their degree. The type of job you can get depends on whether work-study is included in your financial aid package, but even students who aren't awarded work-study may be able to find paid work on campus.

In order to see what your options are, set a meeting with your college's student employment office and find what kind of jobs you are eligible to apply for. Networking with older students is also a great way to learn about the best opportunities on campus.

If finding campus work is proving challenging, there is one place that is always hiring: the cafeteria. Sometimes you have to be willing to take the less glamorous job, but making some of your own money can really give you independence.

Research from the National Center for Education Statistics indicates that students who work have better grades. There is other research that shows that kids who work a reasonable amount do better academically, because it helps them structure their time and is a good non-academic way to connect with people on campus.

Avoid scams

Companies and banks often see college students as impressionable consumers. When getting to campus, students should be careful about the products and services that are advertised to them.

In 2009, the Credit Card Accountability, Responsibility and Disclosure Act banned banks from aggressively marketing credit cards and financial products on college campuses. However, this regulation does not stop banks from actively pursuing college students.

There are regulations that are still in effect but students still need to do a little bit of homework. A lot of times these companies have marketing deals with the campus that make them look like the 'school approved' product, but it doesn't necessarily mean that the school has made sure that those products are in fact the best products for their students.

Establish credit

One of the most important financial steps that students must make is one of the hardest —establishing a credit history. One of the factors in a credit score is the length of credit history. You want to get things started as soon as you can so that when you graduate, you already have some established credit.

It can be particularly difficult for students to get a credit card because they often have no previous financial record. Unless students have really significant part-time job income, it can be difficult to get an actual credit card on their own.

Once you have a credit card, it is important to stay on top of all payments. Being responsible and consistent with your account is the only way to make sure that a credit card pays off. It is also a crucial lesson for all students as they begin the next stage of their adult lives.

For more information on off-campus apartments in Blacksburg, VA, contact Foxridge.


Living in Blacksburg, VA

Joseph Coupal - Wednesday, September 06, 2017

Foxridge, Blacksburg, VAThe home of the Hokie Nation, Blacksburg is where Virginia Tech University comes to study and play in western Virginia. The scenery in the mountains is spectacular, and so are the recreation possibilities. Blacksburg is a great college town and an excellent place to live. The population is growing, about 44,000 people live here. There are 2 shopping malls: the University Mall and the New River Valley Mall. There are more than 500 acres of parks, an aquatic center, and a Community Center.

What is special about Blacksburg

Best thing about Blacksburg is being the home of Virginia Tech University in the beautiful mountains of western Virginia. There is always something going on around campus and the town has the advantages of a college town. The Hokies are an especially proud university with tremendous success in the classroom and athletic fields. Blacksburg Electronic Village.

Who will like living in Blacksburg

People who want to live in a college town in Virginia will probably like it in Blacksburg. It offers a quiet lifestyle rather than a hectic one.


Blacksburg is in southwestern Virginia near the mountains. Winters can be chilly at times, summers are not as hot as other parts of Virginia.

Restaurants & Cultural Scene

The Lyric Theatre and Armory Art Gallery are in Blacksburg. Virginia Tech provides cultural and sports entertainment for the town. There are also several festivals throughout the year, such as the International Street Fair & Parade and Steppin' Out.

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


Moving from Dorms to an Apartment

Joseph Coupal - Tuesday, August 29, 2017

Foxridge, Blacksburg, VAAfter students finish freshman year, most decide to move out of their residence halls and into apartments. Many of these students go into apartment-hunting with little know-how or assistance. 

Know what an individual lease is

When you are going into an individual lease, each roommate signs their own lease and roommate matching is available. So, if you have an individual lease, you don’t have to worry about if a roommate moves out. It’s going to be one price and you’re going to be set with that all the way through. The downfall is that they don’t prorate you in and prorate you out.

With prorating you are “locked in” to a certain price divided between the months you live there. Prorating is different to conventional apartments which only make you pay for the days that you live in that apartment.

Visit with an Attorney

It is important to take your lease to an attorney, especially if you notice something strange about either the lease or the apartment itself.

Don’t wait. If something is concerning you, call your attorney and find out because you can get 19 different versions from front desk staffers.

Don’t sign a lease too early

Signing a lease too early can be detrimental. You don’t want to sign a lease before you have looked at several other apartments and gone over the lease.

Don’t sign a new lease for the next year until after you get your first grades, until you make sure that you are going to continue at the school you are enrolled in because once you lock into that lease you’re stuck. Make sure to check with prospective apartment complexes about signing leases early- some apartment complexes will have lower rent for residents who sign in January and February.

Take photos/videos of new apartment

It is important to record and take photos of any damages apparent in the apartment the day you move in.

The best thing students have now is an instant way to prove the state of the apartment. Turn on your cell phone and make a video tape the day you walk in and then write down any and all mistakes and then make a copy. Take your cell phone out and take photographs and a video especially if you notice damage. Immediately email them to yourself, a roommate, or a family member so that you have a digital record.

Plan with future roommates

It is important to make a plan with your new roommates.

Make sure your friends/roommates are okay with the decision you all come to and they’re not agreeing just to satisfy your call. You are living together for 11 months so make sure that you all are pleased with the apartment.

Since you are going to be in an apartment with your roommates for the majority of the year, make sure everyone is on the same page with what goes on in your new home.

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


Finding an Affordable College Apartment

Joseph Coupal - Monday, August 21, 2017

Foxridge, Blacksburg, VAYour kid doesn’t want to stay in the dorms, so now what? In today’s real estate market, finding a place to live can cost a fortune. Real estate experts share some ways to save on your kids’ off-campus apartment.

How to Get Started

Where is the best place to look for off-campus housing? Check with your campus housing office first. They will have information for nearby landlords that are looking for college students to rent out their units. Most schools will display postings for apartments for rent and recommendations from past students on the best places to live in the campus housing office.

Use websites to conduct additional research. It is critical to use the ‘alerts’ function for these online resources because most often they provide a text or email whenever there is a new post meeting your criteria.

Location, Location, Location

When determining where to look, familiarize yourself with the market rental rates in specific pockets close the campus, as even a three to four block difference can save you a few hundred dollars per month. Look at proximity to campus. Is there a campus shuttle, local bus or is it an easy bike ride or walk? Does the campus security patrol the area? Are there free rides from campus to your apartment late at night? Or, if you have a car, ask if a parking space is included.

Consider a new development. These buildings might offer more incentives – free rent, gift card upon lease execution, etc. than other buildings, as they are looking to pull tenants in.

Do some local reconnaissance, if logistically possible. Even though most rentals will be listed on the major services, it’s not true of every rental. Stop by grocery stores, community centers, and other places where small landlords post openings. This can be time-intensive, but also can be where most of the ‘deals’ are found. Tell everyone you know that you are looking. Maybe there is an available apartment next door to a friend and it has not been listed yet.

Don’t Go at it Alone

Not only will they be able to show you a plethora of places, but they can also help you negotiate rent with the landlord – they want to lease the apartment just as bad as you do!

You will pay a fee when using a broker, but sometimes that fee can be negotiated. When negotiating with a listing broker charging a 15% fee, show them how qualified you are by discussing the financials of your guarantor and then request a reduction in the broker’s fee. If you can assure them a quick, easy deal they may go for it.

Compare Short Term vs. Long Term Rates

Stay away from short-term rentals, as they tend to be more expensive. Even if you are in school only for the fall and spring semester, it may be cheaper to rent an apartment for a full twelve months. If your landlord lets you sublease the months you are not there, all the better.

Another money-saving trick is to pay upfront — if you can afford it. Try to pay for the entire year of rent upfront…this is a very good tactic to give you leverage when negotiating the rent!

Ask the Right Questions

When you meet with the broker or landlord, arm yourself with a list of questions that will help you find the place that is right for you. Ask whether it’s furnished, if Wi-Fi, trash collection and utilities are included, etc. Finding a furnished apartment and having utilities included may be a little more on a monthly basis, but comparing this to buying furniture and putting deposits with utility companies to establish service needs to be considered when comparing total move-in and monthly costs.

Make a Good Impression

Because competition can be stiff and apartments can go quickly, make sure you stand out as a solid candidate. Also, be prepared to commit on the spot if you find the place that’s right for you. You should have a way to put the deposit down immediately-whether by check. Additionally, you should pull your own credit report and have a copy available. Great credit will open doors. If your credit is not perfect, be prepared to offer more in terms of a security deposit. Write a short statement about why you would make a great tenant, highlighting your strengths and even including references from former landlords, coaches or professors.

Refer a Friend

If you are looking at an apartment in a large housing complex, inquire about referral bonuses for bringing in tenants for the following school year. Big student apartment complexes usually have some sort of promotion to bring in new tenants. For example, the apartment buildings will sometimes offer the first month’s rent free as a signing bonus, or might have a referral program you could join where you and a friend can get discounts off of rent for signing a lease.

Timing Is Everything

Most college students are looking for apartments towards the end of summer for the fall semester. If you happen to be looking mid-year or well in advance of the school year, this could be to your advantage. For those looking to increase negotiating power, try to get off the summer search cycle. Look for an apartment in late September or October, after living somewhere temporarily for the first couple of months.

Time to Move

When you’re working out your budget, don’t forget to factor in moving costs. Many people underestimate the cost to move and the sticker shock can be overwhelming. It could be thousands of dollars with the moving truck handling and travel fees, packing services, and mover’s insurance.

Plan Ahead for Next Year

As soon as you get the sense that your student may want to live elsewhere next year, look now. Many locations are pre-leasing up to one year in advance. This will save time and money and it will give you the best chance at your desired locations.

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


Apartment hunting? 4 Things to do Before Signing a Lease

Joseph Coupal - Tuesday, August 08, 2017

Foxridge, 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 is 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 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. Ask Questions

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 Foxridge.


Tips for Finding the Perfect Roommate

Joseph Coupal - Monday, July 31, 2017

Foxridge, Blacksburg, VAFound your dream apartment? Congratulations! Now it’s time to find your dream roommate. Roommates can make or break your living situation so here is some very good advice to help with your search.

1) Make sure you have a similar budget

Having a roommate is a great way to save some big bucks, but before you sign a lease make sure you and your roommate having similar price expectations. If you’re looking to rent a cheaper apartment to save money for a downpayment (or your next trip to Mexico), you shouldn’t move in with your BFF who wants to live in a penthouse and spend her days eating caviar while overlooking the skyline. Before signing a lease make sure your roommate has the savings and income to pay for your rent and deposit. You don’t want to be stuck paying the full rent if your roommate bails!

And remember, rent is just part of your apartment budget. Don’t forget to discuss other costs such as utilities and furniture with your roommate. If you and your future roomie are going to split the costs of furnishing your apartment, you’ll need to agree on a realistic budget and determine where you’ll be shopping – whether that’s Pottery Barn, Ikea or Goodwill.

2) Find a roommate that meets your cleanliness standards

Cleanliness is one scenario where opposites definitely don’t attract! We’ve all had that messy roommate, and it sucks. They leave the sink full of dishes, spilled makeup on the bathroom counters, and clothes all over the living room. If you are someone who prefers a clean, neat apartment avoid a messy roommate (unless you’re willing to devote yourself to cleaning for two).

If you are planning on living with multiple roommates discussing cleanliness is even more important. More roommates equal more potential for mess and more opportunities to avoid chores.

If you’re the messy roommate, find another messy roommate so you don’t have a neat roommate constantly nagging you – and maybe consider adding a cleaning service to your budget.

3) Discuss schedules and lifestyle before signing the lease

If you love to spend weeknights listening to acoustic music and reading a good book, don’t move in with a roommate who likes to throw parties on Tuesdays. On the other hand, if you like to host parties and have friends over make sure that’s something your future roommate is comfortable with.

Don’t forget to ask your roommate if they are a morning or night person. If you’re a morning person and a light sleeper, you probably don’t want a roommate who has band practice every night. Make sure you have an agreement on appropriate noise levels before moving in together, especially if you plan to be asleep while they are awake (or vice versa).

It’s also important to discuss how often you plan to have out of town visitors and overnight guests. If you have friends visiting constantly to party all week, you need to have a roommate that’s comfortable with that. And for those of you in relationships, make an agreement with your roommate about how often your significant other can stay over before signing the lease. If your boyfriend or girlfriend is going to be like a third roommate, you better make sure they get along with your real roomie.

4) Living with your BFF

Let’s just start by saying it’s not always the best idea to move in with your best friend. Yes, it can be super fun, but it also has the potential to destroy your friendship. Just because you love spending every weekend playing basketball or drinking Moscow Mules with your BFF does not mean you are compatible to live together.

It might get awkward if your friend asks you to move in, but if you don’t think you’ll be happy living together just say no. Don’t risk losing your friendship over fights about chores or noise. If you have a friend you are compatible with, go ahead and move in together and enjoy getting to spend every day with your BFF.

Living with strangers might sound scary, but as long as you have a good understanding of each other’s lifestyle it can be a great experience. It’s even possible you’ll gain a new friend, and once you’ve successfully lived together you’ve probably gained a lifelong friendship. As for how to find out if a stranger (or your friend) would make a good roommate, your best source of information is their previous roommate – don’t be afraid to ask.

5) Split household responsibilities and costs

So you’ve found a roommate and decided to sign the lease, congrats! Before moving don’t forget to discuss logistics of living together. How are you going to set up and pay for utilities? Are you going to buy your own cleaning supplies and food or will you share? How will chores be divided? Are you each bringing half the furniture or will you shop together? Answering these questions beforehand will prevent fights down the line, and ensure you have electricity and water when you move in (always a plus).

Sharing food can be a great way to save money and prevent food from going bad, but make sure the costs are split in a way you are both happy with. If you decide not to share, ask permission before taking your roommate’s food. No one likes the roomie who’s constantly mooching condiments or stealing all their cookies. If any problems arise as you live together, make sure to bring them up because a passive aggressive roommate is literally the worst.


It’s safe to say we’ve all had some great roommates and some not so great ones, but you live and you learn. If you put some time into finding a great roommate, you will be rewarded with a fantastic living situation. And don’t forget to be a good roommate – it takes two to tango (and live together successfully).

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


Should Millennials Rent or Own?

Joseph Coupal - Tuesday, July 25, 2017

Foxridge, Blacksburg, VAThere are many great debates in American pop culture.

Tupac or Biggie? Boyz II Men or Dru Hill? LeBron or Jordan? Mayonnaise or Miracle Whip?

One of the most intriguing debates finding traction in the world of Millennials and finance is the debate of whether to buy a home or to continue renting.

The Great Recession

Upon my graduating from Syracuse University in 2010, I was welcomed into the working world during the heart of The Great Recession. Caused in large part due to a bubble in home values and irresponsible subprime loans, The Great Recession left a scar on the hearts and minds of Millennials over what it means to own a home.

Seeing the incredible loss of value in homes during that period and shouldering a collective $1.4 trillion dollars in student loan debt, many millennials are asking whether it’s responsible to sign-up for an immovable asset and 30-year mortgage tied to owning a home.

A Case for Renting

The Millennial generation is the “own nothing” generation. You can rent a car from the curb nearest you. You can hail a taxi using an app and get a ride to brunch in a car you do not own. I’ve heard there’s a website that allows you to rent tools from nearby neighbors. Even companies founded in more recent years are making strides to own less to reduce or eliminate overhead.

A shift has happened wherein Millennials are considerate of the fact that ownership implies liability, and liability often means added costs.

Renting an apartment or home offers you the benefit of not being responsible for breakdowns or repairs. Renting provides a fixed monthly cost to factor into your monthly budget that does not change based on repairs or failure of appliances. For many, this lack of long-term responsibility presents peace-of-mind in not having to be concerned about the long-term welfare of your living space. It also absolves you from the imperative of maintaining your living space for the sake of keeping and increasing its value.

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



Virginia Ranks High in List of "Best States"

Joseph Coupal - Monday, July 17, 2017

Foxridge Apartment Homes, Blacksburg, VASome 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.

#11 Virginia


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


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Foxridge Collegiate Apartment Homes

750 Hethwood Blvd. 100G, Blacksburg, VA 24060
Call: (888) 532-1809 (540) 951-9302
View Map
Opens: Monday-Friday: 9A-5:30P | Saturday: 10A-1P & 2P-5P | Sunday: 1P-5P

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