Foxridge Collegiate Apartment Homes

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

Apartment Homes Blacksburg, VA Blog

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.

#HowYouLive

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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.

#HowYouLive

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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.

#HowYouLive

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Foxridge Collegiate Apartment Homes

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

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