Spring 2010 Housing Guide

Housing Guide

SPRING | 2010

4HE¬#HRONICLE THE INDEPENDENT DAILY AT DUKE UNIVERSITY

2 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Residential Real Estate Durham, Chapel Hill & Surrounding Areas

New Downtown Condos Parkside at Morris Ridge Sophisticated Downtown Living overlooking the Durham Farmer’s Market Within minutes to: s $URHAM 0ERFORMING Arts Center s $URHAM "ULLS !THLETIC Park s !MERICAN 4OBACCO Campus s $OWNTOWN 2ESTAURANTS & Nightlife

730 sf–1360 sf $240k–$450k NOW available for sale!

Jay and Amy Andorfer Find info on Area Neighborhoods plus New Downtown Condos at Morris Ridge go to www.andorfer.com | 919-244-5700

Floorplans at www.andorfer.com Call Jay or Amy Andorfer

919-244-5700

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 3

CHRONICLE HOUSING GUIDE SPRING 2010

table of contents 4 Smart Home 8 Durham Schools 11 Private Schools 15 Durham Accolades 17 Neighborhoods

19 22 27 29 31

32 35 37

Hiring a Contractor Mortgages The Basics Rentals

Since 1986

Green Flooring The Rental You Want

Spring 2010 Housing Guide Cover design by Danjie Fang, Duke ‘11

Top 10 To Do’s

Chapel Hill’s Real Estate Specialist

Owning a Home

DJ Maniace Broker, Realtor®, ABR Check out my listing @

2701 Old Sugar Rd.

w w w. p s c p. c o m

5102 Durham Chapel Hill Blvd.

Durham, NC 27707 Serving Durham, Trinity Park, & Duke Forest

TONY HALL

R E S I D E N T I A L R E A L E S TAT E 311 W. Rosemary St. • Chapel Hill, NC 27516 919/933-8500 • 800/382-0673 tonyhall@tonyhallassociates.com www.tonyhallassociates.com

Direct: 919.616.2010

djmaniace@pscp.com

The Parc at University Tower s 3PACIOUS AND -ODERN

AND "EDROOM (OMES s /NLY -ILES TO $UKE VIA %RWIN 2OAD s 7ALKING $ISTANCE TO 3HOPPING AND $INING Call 919.489.8788 or Fax 919.489.8587 5512 Sunlight Drive, Durham, NC 27707 s 7ASHER AND $RYER #ONNECTIONS Email info@evergreensnc.com s 'ARDEN 4UBS AND #EILING &ANS Website www.evergreensnc.com s 2ESORT STYLE SWIMMING POOL WITH 4ANNING $ECK s (OUR &ITNESS "USINESS #ENTER s 0ET &RIENDLY WITH $OG 0ARKS AND .O -ONTHLY 0ET &EES s 7IRELESS #OMPUTER !CCESS AT 0OOL AND "USINESS #ENTER s &REE 7EEKLY 9OGA #LASSES s 3HORT 4ERM ,EASES !VAILABLE Duke Employees & Students s 'ARAGES WITH REMOTE ACCESS Receive A $100 bonus!

Apply Today

Apply now to reserve your spot for the fall!

Superb Location with Service You Deserve Classic beauty at a secluded address at the University Tower in Durham. Come home to the Parc and enjoy an unparalleled community where every detail has been considered and designed for your comfort.

NOW LEASING • 1, 2 & 3 bedroom apts • lighted tennis court • wash./dry. connect.

• car care center • garages with remote access • large balconies • 9-foot ceilings • resident lounge area • guest suites available • crown molding • employment protection • gated entry • fitness & business centers plan available • pool w/ Wi-Fi

20 Morcroft Lane, Durham • 919.419.9895 • www.bes.com/files/parc

4 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Smart Home houses scientists and engineers The Home Depot Smart Home, located off Campus Drive behind the Freeman Center for Jewish Life, was but a concept less than three years ago. The home currently houses 10 graduate and undergraduate students.

Conceptualized in 2003 by Mark Younger, Pratt ’03, the project received the support of the Pratt School of Engineering and then-Pratt Dean Kristina Johnson.

After securing funding from dozens of corporate and academic sponsors, the home broke ground in November 2006, and construction finished two years later.

The United States Green Building Council, which ranks a building’s design by the Leadership in Energy and Environmental Design rating, has recognized the Smart Home’s environmental friendliness. The home is certified as a LEED-Platinum building—the highest

PLAZA

rank given by the USGBC. Environmentally friendly appliances come standardized in the house, complete with steam laundry machines and a central-controlled, auto-dimming fluorescent lighting system.

“The lighting system is special because any light switch in the house can be programmed to control any other light in the house,” said former Smart Home director Tom Rose, Pratt ’05. “And we have dimmable compact fluorescent light bulbs, which are relatively new.”

The Smart Home also features a rainwater collection system and a large set of solar panels, which is displayed prominently on the front of the house. The panels are used to heat water and help power the home.

The Home Deport Smart Home houses an active

group of student scientists and engineers, each with their projects to help better the home. Currently, the Smart Home also houses two Canadian exchange students.

To promote innovation, the Smart Home runs the annual Smart Living Competition, in which groups of student work to develop innovative design projects that can be tested and implemented in the home.

Smart Home President Kelvin Gu, a junior, led the Smart Billiards project last academic year. The project aimed to help casual pool players refine their shots by predicting and visualizing the path of their shots.

Other projects at the Smart Home include an information telescope and a community garden located at the back of the home.

CLIMATE CONTROLLED STORAGE

“Quality Is Our Specialty”

Dry Cleaners Inc.

FULL-SERVICE DRY CLEANING AND FINISHED LAUNDRY

Special Interest Moving Rates

IMPROVE YOUR IMAGE, COME CLEAN WITH US! -Environmentally friendly cleaning system -Hand-ironed linens and silks -Hand-finished men’s shirts

-The Oldest Cleaner in Town -Recipient of “Award of Excellence” Since 2005 -Family Owned & Operated: Brenda Dye & Dan Honeycutt

• • • • •

Long Distance & Local Relocation Boxes & Packing Supplies Special Duke Student Rates Pick Up Available CALL FOR A FREE ESTIMATE

Call (919) 419-1059 or 489-3941

111 S. Elliott Road, Village Plaza

“Where customer service is still a priority”

919-929-4281 HOURS: MON - FRI 7AM - 7PM, SAT 8AM - 2PM

NCUC C-726 ICC MC315111

www.trosamoving.com

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

FRIDAY, MARCH 26, 2010 | 5

6 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

The Chronicle brings you www.chroniclehousing.com - housing options for all of the Duke Community The Chronicle launched a new housing site to complement the revamped daily web site in early fall 2009. The intent for the site is to offer a clearinghouse of housing options for the entire Duke community - undergraduates, graduate students, faulty, staff and medical personnel.

The site provides detailed housing listings in a user friendly format. Both rental properties and complexes, as well as homes, condos and townhomes for sale are represented.

Photos, links and distance from the Chapel are all helpful features that make this site interactive.

Why rent when you can own? There is still time to get in on the $8,000 tax credit! Call me for details.

You can access the site from the Chronicle’s home page - www.dukechronicle.com - click on Find Housing - or go directly to our site www.chroniclehousing.com.

For Rent Homes, Townhomes & Apartments

Diana ConradtMullen

New & Historic Properties Near Duke

Broker, Realtor 919.597.1320 dndcmullen@hpw.com

4024 S Roxboro St Unit #306, Durham

2608 Erwin Road Durham

3 BR, 2.5 Bath Townhome $179,000

1 BR, 1.5 Bath Condo $189,900

Renaissance Center at Southpoint 7011 Fayetteville Road, Suite 200 • Durham, NC 27713

(919) 471-2007 2911 Guess Rd. Durham, NC 27705 E-mail: rentals@applerealty.org • Website: www.applerealty.org

MATTRESS SALE WE’LL SAVE YOU MONEY ON

MATTRESS SETS BY

FULL SETS START AT $218.00

Twin-Set

CMG Willow Creek $228 CMG Firm or Plush $248 Firm or Plush $288 Posturepedic $367 BeautySleep Luxury Firm $377 Firm or Plush Great Selection of Futons and Platform Beds

Full-Set

$278 $298 $377 $488 $468

Queen-Set King-Set

$307 $359 $397 $498 $498

$488 $527 $648 $755 $775

e on any fram Save $40 o ess comb tr at m d an r more of $329 o ply) (no other

offers ap

Special black metal futon with 8” mattress $198 Present this ad with Duke ID at time of purchase for *FREE local delivery or *FREE bed frame with any mattress set purchase of $448 or more. *Dorm delivery extra.

Chapel Hill 1728 Fordham Blvd., Rams Plaza (919) 967-8811 Prices good with ad All offers expire 5/15/10

“Come See Us Today...Sleep Better Tonight”

Durham 4600 Durham-Chapel Hill Blvd.

Next to TJ Maxx (919) 493-1990

STORE HOURS:

Mon.-Fri. 10-7 Sat. 10-6 • Sun. 1-5

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 7

CHRONICLE HOUSING GUIDE SPRING 2010

Comfort,Value, and Convenience APARTMENT S • • • •

Studio, 1 and 2 bedroom apartment homes Fireplaces, solariums (in select apartments) Tranquil tree lined views of Duke Forest Wooded trails and picnic area

from $449 monthly, short-term leases available

FULLY FURNISHED APARTMENTS • Fully equipped with all housewares, appliances, cable, and local phone • All utilities paid for, including high speed internet from $69 per nigh t

FEATURES • Fully equipped business center with highspeed internet • Sparkling swimming pool with expanded sundeck • 24-hour fitness center with Nautilus equipment

• • • •

Breakfast Bar 24-hour laundry facility Barbecue/picnic area Lighted tennis courts

Brin g for A this coup on dd Speciitional als

O n ly 4 m i nu t e s t o D u ke U n i ve r s i t y .

THE FOREST A •C S PARTMENTS

ORPORATE

UITES

800 White Pine Drive, Durham, NC 27705 919.383.8504 theforest@riverstoneres.com

8 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

Durham Schools enroll over 10,000 Durham is not just home to Duke, its students, faculty and staff. Durham is a small city, and although Duke might be located in a suburban setting, it shares its home with scholars of all ages.

Coming from high school, you might have fond memories of your last four years of school. Durham boasts more than 10,600 students enrolled in Durham Public Schools high schools, the DPS Web site reports.

Its six major high schools are Durham School of the Arts, Hillside, Charles E. Jordan, Northern, Riverside and Southern High Schools.

Jordan and Riverside High Schools are Durham’s largest and most racially diverse public high schools, according to DPS racial breakdowns. The Jordan Falcons and Riverside Pirates are district rivals in several

sports, including soccer and baseball.

The Hillside Hornets and Southern Spartans excel in football and basketball, but they have made local news in recent years for reasons other than sports. For the 2005-2006 through 2007-2008 academic years, Hillside and Southern High Schools have been rated low performing or below expected growth by state testing standards. For the 2008-2009 academic year, both schools saw expected growth as priority schools, with 50 to 60 percent of students at grade level or less than 50 percent of students at grade level.

In an attempt to address Hillside and Southern High Schools’ poor perfomance, the DPS has added several specialized programs to the schools. Hillside is home to the International Bauccelaureate program in

The Century Experience Duke Student and Employee Discounts Available Offering one, two and three bedroom apartment homes

CENTURY CREEK

Once in a while you’ll discover a special place away from the stress of everyday life. Welcome to Century Creek at Research Triangle Park. We have all the comforts you’ve come to expect in superior living; plus additional amenities, unparalleled service and the Century Experience. Located in the RTP, just minutes from Duke, I-40, 540, Highway 55/54 and RDU Airport; Century Creek is in the heart of it all.

Full-size W/D Included Flex Leasing Video Library Brand New BARK Park Resort-style pool w/ Wi-Fi State-of-the-art fitness studio Car Care Center

On-line Rent payment Executive business center Coffee and Tea Bar Minutes from Brier Creek/Southpoint Limited access gate Available garages and storage Pets are welcome

2850 Courtney Creek Blvd. • Durham • 919.544.2300 www.liveatcenturycreek.com

Durham as well as the Hillside New Tech High School, which targets students seeking careers in electronic or computer engineering.

Southern High School boasts the Southern School of Engineering, which focuses on preparing students for the 21st century work place, its Web site reports.

Northern High School was also ranked low-performing in the 2007-2008 academic year, but it has met expected growth in previous years and the Northern Knights participate in a variety of athletic activities as well as academic and career and technical education courses.

Durham School of the Arts is a public secondary school that students apply for entry to through a lottery system. The DSA Bulldogs accept students in grades six through 12, and offers a variety of performing artsfocused electives including dance, drama, music and traditional arts courses.

Durham is also home to the North Carolina School of Science and Mathematics, a public high school students can apply to attend as 10th graders. The first public residential high school in the United States, NCSSM accepts students from all 13 North Carolina congressional districts equally and allows them to pursue specialized courses in math and science.

Although NCSSM does not compete in varsity level athletics with the other major Durham public high schools, it does offer students a variety of clubs, activities and athletics to participate in during their two years at the school. NCSSM is a University of North Carolina constituent institution.

Durham is also home to several private institutions that offer education through the 12th grade. Of the 11 private schools in Durham, nine have religious ties.

The largest private school in Durham is also one of its only secular ones. Founded in 1933, Durham Academy enrolls more than 1,100 students for its kindergarten through 12th grade and is recognized for its students’ academic achievements.

Annual tuition for a high school student at Durham Academy is $18,700, and its Web site states that more than 10 percent of its students receive some form of financial aid.

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

CROASDAILE FARM • Homesites ranging from .75 acres to 2.7 acres, starting at $190,000.

• Planned Residential Community, governed by community-wide standards 1

• Beautiful walking paths, gazebos, a 6 ⁄2 acre lake with fishing pier and

serene woodland park for the exclusive use of Croasdaile Farm residents.

• Located three minutes from I-85 and five minutes from

Duke and Duke Medical Center. www.gardenviewrealty.com Contact Jo Oakley at Garden View Realty or jo@gardenviewrealty.com

(919) 383-5575

FRIDAY, MARCH 26, 2010 | 9

10 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 11

CHRONICLE HOUSING GUIDE SPRING 2010

Durham Private Schools Agape Corner Boarding School 1402 Holloway St (919) 682-0546 http://www.agapecorner.org

Gorman Christian Academy 3311 E Geer St (919) 688-2567 http://www.gormanbc.org/gca.htm

Jamaat Ibad Ar-Rahman 3034 Fayetteville St (919) 683-5593 http://www.ibadarrahman.org

B.E. Academy 916 Lamond Ave (919) 246-4112 http://www.alm-edu.org

Healthy Start Academy Charter Elementary School 807 W Chapel Hill St (919) 956-5599 http://www.healthystartacademy.com

Kestrel Heights School 4700 S Alston Ave (919) 484-1300 http://www.kestrelheights.org

Bethesda Christian Academy 1914 S Miami Blvd (919) 598-0190 http://www.bcacrusaders.org

Immaculata Catholic School 721 Burch Ave (919) 682-5847 http://www.immaculataschool.org

Maureen Joy Charter School 1955 W Cornwallis Rd (919) 493-6056 http://www.joycharter.org/

Camelot Academy 809 Proctor St (919) 688-3040 http://www.camelotacademy.org Carolina Friends School 4809 Friends School Rd (919) 383-6602 http://www.cfsnc.org/index.htm Carter Community School 1305 W Club Blvd (919) 416-9025 http://www.carterschool.org Cresset Christian Academy 3707 Garrett Rd (919) 489-2655 http://www.cressetchristian.org Duke School 3716 Old Erwin Rd (919) 493-2642 http://www.dukeschool.org Durham Academy 3601 Ridge Rd (919) 493-9595 http://www.da.org Durham Nativity School 1004 N Mangum St (919) 680-3790 http://www.durhamnativity.org Faith Assembly Christian Center 3120 Fayetteville St (919) 687-2763 http://www.faccministries.org

• Over 20 years experience.

• Installations by a staff of certified installers.

• Hardwood flooring, install, sand, finish, custom border, inlays.

• Pre-finished hardwood, laminate flooring, sheet vinyl, vinyl tile, carpet, bamboo and cork.

• Fully insured. Satisfaction guaranteed!

Moon’s Flooring, Inc. 106 N Ninth Street, Mebane, NC 27302 Telephone: 919-563-5884 Toll-free: 866-457-8195

12 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Private Schools, con’t Montessori Children’s House of Durham 2400 University Dr (919) 489-9045 http://www.mchdurham.org

Quality Education Institute 800 Elmira Ave (919) 680-6544 http://www.qeidurham.org

Triangle Day School 4911 Neal Rd (919) 383-8800 http://www.triangledayschool.org

Montessori Community School 4512 Pope Rd (919) 493-8541 http://www.mcsdurham.org

Research Triangle Charter Academy 2418 Ellis Rd (919) 957-7108 http://www.greatschools.net/modperl/browse_school/nc/ 2733/

Trinity School of Durham and Chapel Hill 4011 Pickett Rd (919) 402-8262 http://www.trinityschoolnc.org

Mount Zion Christian Academy 3519 Fayetteville St (919) 688-4245 http://www.mtzionchristianacademy.org New Life Christian Academy 7415 Fayetteville Rd (919) 544-5652 http://www.nlcacademy.org

Sandra E. Lerner Jewish Community Day School 1935 W Cornwallis Rd (919) 286-5517 http://www.lernerschool.org The Hill Center 3200 Pickett Rd (919) 489-7464 http://www.hillcenter.org

Tutorial 1/2 Christian School 3026 Wake Forest Hwy (919) 596-8212 Y. T. Christian Academy & Technology Center 1534 Cher Dr (919) 484-1713 Information Provided by The Durham Convention & Visitors Bureau. For more information go to http://www.durham-nc.

1017 Kent St. DURHAM NC 2 Bedroom, 2 Bath, Basement, 1200 sq Feet 6 BEDROOM 5 BATH TOWNHOUSE:

STUNNING 5 BDRM 5.5 BATH HOME:

* BEST DEAL IN TOWN! * GRAB SOME FRIENDS AND SHARE* * $400 PER BDRM PER MONTH IN THIS SPACIOUS 6 BEDROOM, 5 BATH TOWNHOUSE* * IDEAL LOCATION! * AVAILABLE MAY OR AUGUST ! ! !

CONVENIENT TO UNC/ DUKE. LOCATED IN THE CHAPEL/ CARRBORO SCHOOL DISTRICT BEST AROUND !!!!!

WALK TO WEAVER STREET MARKET and FARMER’S MARKET * INCLUDES COMPUTER ROOM, DEN STUDY, EUCALYPTUS SAUNA * 5TH BDRM IS LARGE ENOUGH FOR A POOL TABLE OR CAN BE USED AS A RECREATION ROOM * HARDWOOD FLOORS, BEDROOMS HAVE CARPET. * MASTER BEDROOM WITH HIS/ HER SEPARATE CLOSETS * CEILING FANS THROUGHOUT * SPACIOUS KITCHEN WITH ALL MODERN APPLIANCES * LAUNDRY ROOM WITH WASHER/ DRYER * CENTRAL HEAT AND AIR CONDITIONING. * ALL ENERGY EFFICIENT * LOTS OF STORAGE SPACE * FREE BUSLINE

THE TOWNHOUSE INCLUDES: * SAFEST, NICE NEIGHBORHOOD IN TOWN * THREE FREE BUS LINES * FIVE MINUTES TO UNC CAMPUS * HARDWOOD FLOORS * WASHER/DRYER * LARGEST BEDROOMS IN TOWN WITH WALL TO WALL CLOSET SPACE * EXTRA STORAGE AREA INSIDE AND OUT * INTERNET AND CABLE READY * FREE AMPLE PARKING * NO SMOKING * NO PETS * CONVENIENT TO SHOPPING, ENTERTAINMENT, THEATERS, RESTAURANTS, BANKS, ETC... * SANTA VISITS WITH TREATS AT CHRISTMAS!!

$2,980 PER MONTH. CALL TODAY, THIS ONE WON’T LAST. AVAILABLE MID JULY. PHOTOS WILL BE AVAILABLE SOON. CONTACT ME FOR MORE INFORMATION AND TO SCHEDULE A TOUR.

Call (919) 933-0983 or email spbell48@live.com

$120,000 104 Westside Dr. CHAPEL HILL NC Southern Village 3 Bedroom, 2 1⁄2 Bath, 2279 sq Feet

$424,900 5102 Durham Chapel Hill Blvd. Durham

Jenny MacKay Broker, Realtor

919.619.8149 JenMacKay1@aol.com

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 13

CHRONICLE HOUSING GUIDE SPRING 2010

THE

BELMONT LiveBelmont.com Walk to Campus On Duke University Bus Line Fitness Center Indoor Racquetball Court Resort-Style Pool with Sundeck Study Lounge with Wi-Fi Residential Social Events Private Lake with Jogging Trail

Now Pre-Leasing for Fall 2010

Save up to $380

Apply to Pre-lease 3 or more units as a group for fall 2010 and we will waive application and processing fees.

Dishwasher/Microwave Washer/Dryer Included Walk-In Closets Extra Storage Garages Available Pets Welcome

888-362-8961 1 Bedroom / 1 Bath 2 Bedroom / 2 Bath

788 - 828 SF 1086 - 1130 SF

Call for pricing information.

Hours: Monday - Friday Saturday Sunday

8:30 - 5:30 10:00 - 5:00 1:00 - 5:00

1000 McQueen Drive Durham, NC 27705

me Home To o C THE

US 15/501

Lease Today Before

US 147

St. alle Las

A . ST E R UDY. D

From 15/501 Business North, exit onto 108-A Morreene Road, left onto Campus Walk, left onto Lasalle St. We are immediately on the right.

. ene Rd Morre

LI

VE

M.

BELMONT

THE BELMONT

alk us W p Cam

14 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 15

CHRONICLE HOUSING GUIDE SPRING 2010 y

Recent Durham Accolades (1,237 over 25,000 population), one of 254 cities 100,000+, one of 3,140 counties and the principal city in one of 362MSA’s. There are communities that rank higher in a category or

Top

Places to Live

~ Bert Sperling’s City’s Ranked & Rated

two, but Durham is one of a handful that consistently rank high across so many different aspects ina given year. Below are some of the accolades Durham received during the past year either as a community or as the core community for a four county MSA (Metropolitan Statisti-

America’s Smartest Cities ~ Forbes.com

#6

cal Area as defined by the US Census).

15 Best

Place to Live in the USA

~ U.S. News & World Report

1Basketball Town

#

#

10

Durham is one of 34,000 places in the US

)

# City Where R ecycling Rules

10

Greatest

to visit

~ CNN

Ride out a 3Recession

# n

Tech 10Towns

Top

~ Wired

Best Place to Retire

#1

~ Black Enterprise

2 Cities

Best

# Green

Best Place to

~ Men’s Health

~ BusinessWeek

1

America’s

# Foodiest Small-Town

~ Bon Appétit

courtesy of

– Lifestyle and Quality of Life (#16 overall)

~ Country Home

Convention & Visitors Bureau AN ACCREDITED DESTINATION MARKETING ORGANIZATION

SPECIALG! FINANCIN 5307 Danube Ln. 5BR $195,000

20 minutes to Duke

101 Wright Hill Dr. 4BR $329,000

28 Arrowwood Ct. 4BR $279,900

• Apartments • Houses • Duplexes • 715 Rippling Stream 3BR $119,900

1021 Woodhall Dr. 3BR $295,000

To Solve Your Housing Puzzle GRI, CRS e-Pro, CLHMS

919.414.4000 3612 Moriah Rd. 3BR $150,000

dgriggs@fmrealty.com See these and more at www.DinaGriggs.com

1236 Champions Pointe Dr. 3BR $285,000

Available for Rent Near Duke University and Medical Center 3333 Durham-Chapel Hill Blvd., P.O. Box 52328, Durham, NC 27717-2328 Commercial: (919) 489-2000 • Residential: (919) 489-1777 www.realestateassoc.com

16 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

CROASDAILE CROSSINGS Croasdaile Crossings Apartments are in the perfect location for Duke graduate students and associates! Just a 5 minute drive to campus and the Medical Center, Croasdaile Crossings apartment community is located at the intersection of Carver and Front Streets surrounded by Durham’s most prestigious residential setting.

2106 Front St. Durham, NC 27705

Croasdaile Crossings offers one bedroom garden apartments and two bedroom, 21⁄2 bath townhome apartments with the following amenities:

(919) 383-3437

• GREAT FLOOR PLAN FOR ROOMMATES!!!

• Full size washer and dryer and microwave, dishwasher, and garbage disposal included in the rent • Standard Cable TV (over 70 channels) included in rent • Frost-free refrigerator/freezer with ice maker • Self-cleaning oven • French doors with mini blinds • Spacious closets throughout • Townhomes have storage rooms • Fitness Center • Wireless Internet available in community room and pool deck area • 24 Hour emergency maintenance • One pet under 40 lbs. full grown welcomed

www.brantleyproperties.com/croasdailecrossings

CROASDAILE APARTMENTS

GREAT MOVE IN SPECIALS!

* Rent discount for Duke

Graduate Students and Employees

www.brantleyproperties.com/croasdaile croasdaile@brantleyproperties.com

Located just 5 minutes from Duke’s Central Campus, Medical Center and VA Hospital, Croasdaile Apartments offer a quiet retreat from busy lifestyles.

Meticulously maintained apartments and surrounding grounds provide an outstanding value close to everything you need. This is the perfect location for Duke graduate students and Duke employees!

1829 Front St. Durham, NC 27705

(919) 383-3437 Croasdaile Crossings

Front S

t.

Croasdaile Apartments

Carver St.

Hillandale Rd.

• 1, 2 and 3 bedroom apartments, some floorplans with dens • Standard cable (70 channels), water, sewer included in rent • Laundry centers in each building • All electric appliances included; frostfree refrigerator/freezer, stove with selfcleaning oven, dishwasher and food disposal • Efficient heating and cooling for climate controlled year round comfort • 2 swimming pools and picnic area • Clubroom features computer with high speed internet access and Fitness center • Extra large patio or balcony • Mini-blinds included on all windows • Golf course views • On city bus line • One pet under 40 lbs. full-grown welcomed

I-85

Leasing Office

Professionally managed by

Duke University Duke Hospital

EQUAL HOUSING OPPORTUNITY

Leasing office for both properties: 2726 Croasdaile Dr., Suite 102 (BB&T Building)

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 17

CHRONICLE HOUSING GUIDE SPRING 2010

Neighborhoods around Duke The following list includes neighborhoods and areas around Duke’s campus. More information is available from the Duke University Community Affairs office.

The Pointe at Chapel Hill

Neighborhoods north of Duke’s campus Trinity Heights Old West Durham Watts Hospital Hillandale Walltown

Convenience Meets Luxury The Pointe at Chapel Hill's upscale apartment community has outstanding proximity to UNC, Duke University, two major research hospitals and the Research Triangle Park.

Neighborhoods south of Duke’s campus Burch Avenue Tuscaloosa-Lakewood Morehead Hill Duke Forest/Duke Homesites Neighborhoods east of Duke’s campus Trinity Park Old North Durham Duke Park Neighborhoods west of Duke’s campus American Village Area Includes the American Village neighborhood and other subdivisions - Forest Oaks (townhouse community), Walden Pond (townhouse community), and apartment complexes

NOW LEASING s BEDROOM APARTMENTS s WASHER AND DRYER CONNECTIONS s LARGE BALCONIES s FOOT CEILINGS s CROWN MOLDING s GOURMET KITCHENS

s lTNESS AND BUSINESS CENTERS W 7I &I INTERNET s RESORT STYLE SWIMMING POOL s LIGHTED TENNIS COURT s CAR CARE CENTER s DETACHED GARAGES

3ALUDA #OURT #HAPEL (ILL s s POINTEATCHAPELHILL COM

BOB SCHMITZ PROPERTIES 1222 Broad Street, Apt. A, Durham NC 27705 www.bobschmitzproperties.com

919.416.0393 DON’T LIVE IN A BOX… LIVE IN AN APARTMENT HOME WITH CHARACTER WALK TO DUKE’S EAST/WEST PETS ARE WELCOME HARDWOOD FLOORS, YARDS, SECURITY SYSTEM, PORCHES FULL-TIME MAINTENANCE

NOW LEASING: 1 to 7 BEDROOMS ENTERTAIN YOUR FRIENDS! SPACIOUS FLOORPLANS YARDS, DECKS AND FENCES ALL APPLIANCES INC. W/D

18 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

AT CROASDAILE FARM Woodstone at Croasdaile Farm Apartments are located in the midst of beautiful Croasdaile Farm, just a 5 minute drive from Duke’s Campus, Duke Medical Center, VA Hospital, I-85, and all your shopping needs.

Experience the Very Best!!

Come see why Woodstone continues to be the highest rated apartment community according to The Duke Community Housing Survey

• Unusually spacious floor plans featuring nine-foot ceilings throughout, walk-in closets in each bedroom, large patio/balcony, and living rooms with bay windows

• Gourmet kitchen includes all-electric appliances: frost-free refrigerator with icemaker, dishwasher, stove with self-cleaning oven, built-in microwave and pantry

• All apartments are furnished with a full-size washer and dryer in a separate laundry room adjacent to the kitchen

• Each apartment has an exterior locked storage closet • Rent includes: alarm system & monthly monitoring, water, sewer, trash and recycling • Sprinkler system throughout apartment • Clubhouse with complete kitchen, large screen TV, VCR/DVD player and state of the art sound system & complimentary coffee/tea bar

• Wireless Internet available throughout clubhouse and pool deck area • Business Center features two computers with high-speed internet access, printers, fax and copier for resident’s use

• Fitness center with keyless entry for 24-hour access • Olympic size swimming pool and 2 tennis courts equipped with lighting for night play • Complete access to 3 miles of walking trails, lakes, and gazebo • Garage and storage units available with remote control access AT CROASDAILE FARM

100 Millspring Drive Durham, NC 27705 (919)382-7585 fax:(919)384-1933

• One pet under 35 lbs welcomed

From I-40W to the NC 147 (Durham Freeway) take the Fulton St./Hillandale Rd. exit. Take right on Hillandale Rd. Go approx. 1 1/2mi. crossing I-85.

Take left onto Carver St. Proceed 1 mi.

Turn right onto Croasdaile Farm Pkwy.

Woodstone 1/4 mile on left.

Office hours: Monday-Friday, 9 AM to 5 PM Saturday by appointment

Web site: www.gardenviewrealty.com/woodstone • email: woodstone@gardenviewrealty.com

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 19

CHRONICLE HOUSING GUIDE SPRING 2010

Ask the right questions before hiring a contractor When you bring contractors, carpenters, plumbers Job supervisor and assorted workmen into your home, you are openMake sure that you know who the onsite supervisor ing up your whole life to them. Not only do you need will be for your renovation. What is the person’s exto confirm that they are competent professionals, you perience? Will they speak and make decisions for the must assess their integrity, as well. You want to know contractor in his absence? that you can trust them to do the job right, as well as respect your home and its contents.

Project timeframe

You can avoid most serious problems with a little planning and foresight. You want both capable and honest workers in your home, and can increase your chances of a successful and stress-free renovation by using this list of questions to ask contractors before hiring them.

Insurance and bonding Make sure your contractor is fully insured before you let him start your job. The company and/or the employees should be bonded, and you should ask for the particulars of the insurance coverage early in your negotiations.

Warranties You will want to know what kind of home building warranties are provided, on both the work itself and on the materials used in the project. You should keep good records of any warranted work or materials so that you are prepared for any problems down the line.

References Checking contractors’ references is crucial. Not only do you want to hear testimonials about their work, you will want to discover if they are they part of any homebuilder or tradesman associations. Checking references means speaking with other homeowners for whom the contractors have worked, as well as consulting the state licensing board and the Better Business Bureau about any complaints.

Portfolio Take a good look at the contractors’ portfolios and make sure that you are satisfied with the level of their previous work.

A timetable is crucial for any big job, of any kind, so you need to ask specific questions about when the job will start, how long each phase will take and so forth.

This information will be part of your project plan, so you need to get it early and get it “set in stone.”

A

Rent: $570 • Walk to Duke 943 Morreene Road Call H.M. Roll Properties at (336) 504-0445 or (919) 383-2451 debi.roll@yahoo.com

Call for Current “Duke” Rates!

living only minutes from Duke University at this premier Riverstone Residential community featuring apartments with crown molding and garden tubs,

kitchen and attached garage,

• Cyber café business center • Clothes care center • Swimming pool with sun deck • 33-acre nature preserve • Wi-fi internet access at clubhouse and pool

• Tot lot • Two bay carwash • State-of-the-art fitness center • Picnic grill area • Lighted tennis court • Detached garages

and single family cottages with

Amenities: • Security System • Washer & Dryer • Range & Refrigerator • Dishwasher & Disposal • Paddle Fans • Energy Efficient

If the contractor uses subcontractors, as most will for electrical and plumbing work (at the least), make sure to get the same kind of information about them as you did on the contractor.

Enjoy countryside

bay window, eat-in

32 Executive 1 Bedroom Apartments

Subcontractors

Y S R T U N X E LU RTM PA

townhomes with a

Martin Court

Budget You will want to calculate the cost for your home improvement as accurately as possible, naturally. Make sure your contractor has a plan, too, and breaks out the costs of materials and labor. Find out right away what type of payment plan is expected, as well as what sort of deposit is required. Needless to say, keep all receipts.

direct-access garages and covered porches.

Located just 5 miles from Duke.

Take 15-501 South, turn right on Garrett Rd, Alexan Farms is ⁄4 mile on left.

1

1 BR/1 BA 828 SF 2 BR/1&2 BA 938-1,145 SF 2 BR/2-2.5 BA (TH or Cott) 1,275-1,326 SF 3 BR/2-3.5 BA (TH or Cott) 1,347-1,568 SF Pets: Up to 50 lbs

NOW LEASING! 240 Ivy Meadow Lane Durham, NC 27707 Phone: 401-4660 • Fax: 401-4771 www.addingtonfarms.com Mon-Fri 9-6, Sat 10-5, Sun 1-5 Preferred Employer Program

Ask about our Specials

20 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Hiring a contractor, con’t Permits Appliances and other hardware It is your house and your money, so you do not need to cede the authority for buying materials and appliances entirely to the contractor. It is perfectly understandable that you would want to get the best prices for the components of the project. The way to avoid problems is to spell everything out in advance. If the contractor is too insistent on using particular suppliers or distributors, it may be because they have some kind of “arrangement” with them.

You need to decide who will be responsible for getting the proper building permits and dealing with inspectors. The contractor’s expertise here is essential, although you may wish to be in the loop here.

Like any other sizable endeavor, a home renovation can be complicated and tricky. The best overall rule for managing this kind of project is clear, continuous communication. Nothing should be decided or done in the dark, and everything should be undertaken in accordance with the plan, the budget and the timetable.

• Excellence • First Class • Team Work • Perseverance • Results Words that are associated with Duke. When you are moving, should you not expect the same? Whether you are moving to or from Duke, let our team with 40 years experience be your resource.

It is mostly a matter of common sense and self-discipline. Make the plan and stick to it as closely as possible, while still allowing for some mid-stream changes if necessary. Stay positive, keep your wits about you and press on, deliberately and with a sense of purpose.

Consider your home renovation another adventure in life, and make your mind up to enjoy it!

Mark Bordo Article Source: http://www.upublish.info

Your Affordable Storage Solution!

10x10 units ly for on

o

$65/m

Kim and Don Hanan The Kim Hanan Team Fonville Morisey Realty 919-416-2263 www.BlueDevilHomeSearch.com www.NCHomeSearch.com

Located at 804 Junction Road

Just 7 miles from Duke

Reserve Yours Today!

Call us at (919) 598-6999

N Nine-Foot Ceilings

N Designer Clubhouse

N Trey Ceilings*

N Spectacular Swimming Pool

N Crown Molding

N State-of-the-Art Fitness Center

N Chair Rail Molding

N Executive Business Center N Car Care Facility

N Fireplaces* N Garden Tubs N Ceramic Tile Entries N Sunrooms* N Wrap-Around Porch* N Individually Monitored Intrusion Alarms

N Clothes Care Center N Tennis Courts N Putting Green N Garage/Storage Units Available N Picnic Area with Grills N Gated Community

* In Select Apartment Homes

1400 Laurel Springs Dr. Durham, NC (919)484-0963 • www.berkeleysouthpoint.com

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 21

CHRONICLE HOUSING GUIDE SPRING 2010

100% Financing!

Great for 1st time homebuyers, seasoned buyers, vacation home purchases, refinancing

www.dukefcu.org

LIFE MADE SIMPLE. COURTYARD SHOPPING AND DINING AT YOUR DOORSTEP Our Amenities Include: One and two bedroom apartments Two bedroom penthouses Dens in select units Dramatic ten and eleven foot ceilings Gas ďŹ replaces Large walk in closets Washer and dryer optional Security systems Elevators Garages Direct access to the American Tobacco Trail v 3 to 12 month leases v v v v v v v v v v v

Corporate Housing Packages Include: Furniture Housewares Linens Utilities including telephone, cable and high speed internet v Maid Service v v v v

Located 2 miles North of The Streets of Southpoint, Convenient to I-40, RTP & Chapel Hill

5836 Fayetteville Road, Suite 201, Durham, NC 27713

Contact Us Today!

(919) 484-1053 www.suttonstation.com suttonstation@ticonproperties.com

22 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

Mortgages: Now is a good time to refinance Q & A with Scott Baker, Mortgage Lending Officer at Duke University Federal Credit Union Is now a good time to refinance? To buy a first home?

than they would have a year or two ago. Don’t be afraid to negotiate. Buying a house is a game and the stronger player wins every time. I would also urge any potential home buyer from becoming emotionally attached. Part of the job of the realtor is try to get you to fall in love with a house. What if that does not work out? Then it may take more time to find the next one. If you can save the attachment until you have the keys in your hand, you may be much happier.

Given the situation of the market, it can be an excellent time to refinance. However, it is going to depend on the individual, their credit scores, the amount of equity, credit history and loan-to-value.

In regards to purchasing a first home, now is an awesome time. Seller’s are anxious to sell and with the condition of the market, they will settle on a price lower

Green.

Is harder to get a mortgage loan due to the credit crisis?

There have been a number of changes in mortgage lending. These changes have affected the way that we determine mortgage rates. I would not say that it is harder to get a mortgage but you may not be as happy with how much you are able to afford.

Is it best to be pre-approved for a mortgage before you start looking?

I believe that it is imperative that you get pre-qualified prior to beginning the house hunting process.

There is a difference between being pre-approved and pre-qualified. Being pre-approved means that a loan application is prepared, credit reports are pulled and the loan is sent thru an automated underwriting process.

This is done typically on a property that does not yet exist. I prefer the pre-qualification process.

Live

Save green.

First, this will give you a really good idea as to the price range that you should be looking. Secondly, you will get an idea as to your monthly payment. This will be beneficial in preparing your budget.

Celebrate Earth Day with us and take part in all the fun festivities April 10–18. Details at

BRIARCHAPEL NC.COM / E A RT H DAY

Briar Chapel has been intentionally integrated in nature, making it the largest green community in the Triangle. 900 acres of protected open space, thousands of preserved trees, 24 miles of trails, advanced erosion control systems and the LEED Silver Certified Briar Club ensure you live in a place surrounded by natural beauty.

All homes are 3rd party tested and awarded at minimum a Bronze Level green certification,

by GHBT* giving you a higher quality, more valuable home:

Up to 15% more energy efficient, saving up to $300 annually Superior indoor air quality • Increased water conservation

Live green at BriarChapelNC.com/earthday AWA R D -W I N N I N G H O M E S A N D TOW N H O M E S F R O M T H E s — s

McNeill Burbank • Savvy Homes • Vanguard Homes Homes by Dickerson • M/I Homes Morningstar Homes • Chatham Builder Guild

Just south of Chapel Hill on 15/501

888.445.5996 • Brokers Welcome

Newland Communities is a privately owned company that creates residential and urban mixed-use communities in 14 states from coast-to-coast.We believe it is our responsibility to create enduring, healthier communities for people to live life in ways that matter most to them. www.newlandcommunities.com *Green Home Builders of the Triangle, hbadoc.com • Prices, specifications and details are subject to change without notice. • This is not intended to be an offer to sell or a solicitation of offers to buy real estate in Briar Chapel to residents of Connecticut, Hawaii, Idaho, Illinois, New York, New Jersey, and Oregon, or in any other jurisdiction where prohibited by law. • Homes within the Briar Chapel community are constructed and sold by builders not affiliated with Newland Communities or Newland Communities’ affiliated companies. • © 2010 Newland Communities. All rights reserved.

Next, you need to be careful during this process because if you provide to someone your date of birth and social security number, rest assured that they are going to pull your credit report(s). This is called an inquiry. This inquiry is going to drop your credit score anywhere from 2-14 points. This one inquiry will take 2 years to fall off of your credit report.

What I recommend and how I pre-qualify everyone is that I have them go to www.annualcreditreport. com. By selecting the state in which you live, clicking on request report and providing some basic info about yourself, you will be able to access your credit report for free and your credit score for $7.95. The credit report that I prefer is Equifax. Please be aware that this site is not from a 3rd party vendor like www.freecreditreport. com . This is a site that the bureaus provide the consumer their free report from all 3 bureaus once every 12 months. Too, by getting the Equifax report and score from annualcreditreport.com, you are getting the exact same report and score as if I pulled your credit.

It is very important to note that if you do allow someone to pull your credit report for a mortgage, you can have numerous inquiries within 30 calendar days and you will only receive the one ‘hit’ on your score.

This is a law. After that, it starts all over again. Anytime regardless if it is for a mortgage or anything else and someone is asking for your date of birth and social security number, you should ask yourself, is whatever I am going to do worth having my credit pulled and my score drop.

How much should you put down on a home?

Typically, the minimum down payment will depend on the type of loan that you are looking to do. If it is an FHA, the minimum down is 3.5% and if it is a FNMA loan, the minimum is 5%.

Everyone is pretty much aware that the days of 100% financing are no longer available. They are at Duke Credit Union. We have been offering 100% financing, Home Express, since 2002, provided they are qualified borrowers.

On this product, we are the actual investor and lender. The way that we do it is to provide a 1st and

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

FRIDAY, MARCH 26, 2010 | 23

Trinity Properties Trinity Properties Housing the Duke Community for Over 30 Years Ava i l a b l e

.. ..

Blocks of apartments available for living groups! Three bedrooms includes washer/dryer: $895 Anderson Apartments, 1600 Anderson St.

POPLAR WEST

Live With Your Friends Please call (919) 309-9765 trinprop@aol.com www.TrinityProp.com

Hardwood OFF ERWIN ATfloors LASALLEand huge windows.

1025 Monmouth Ave. Three Bedrooms $1155 and 506 N. Buchanan One and Two Bedrooms $820

FREE WASHER/DRYER. Two or Three bedrooms with carpet at Campus Walk. Also in walking distance to West Campus.

Every hero needs a home base.

2% off the base price of any home.* Beazer Homes is offering our Hometown Heroes Rewards program to military personnel, teachers, firefighters, police officers, EMS and other medical personnel. Take advantage of our program on new homes—in many great neighborhoods throughout the Triangle area. Beazer has over 10 single-family and townhome communities throughout the Triangle area from the $110s to the $360s. For more information, visit Beazer.com/heroes or call 888-623-2937.

*Actual discount amount may vary. Offer valid 12/1/09–9/30/10. A copy of a current pay receipt from approved facilities or in the case of military personnel, Military ID DD214 (retiree), or current VA loan approval is required at the time of contract to receive reward. Eligible buyers to receive a 2% Beazer discount off the base price of home. Offer available only on Beazer homes within the Triangle Area. Offer may not be combined with any other coupons or discount programs. Other restrictions may apply. Pricing, features, and availability subject to change without notice. See New Home Counselor for complete details. ©2010 Beazer Homes. 3/10 80706

24 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Luxurious Partners Place Condo

Walk to Duke... Perfect for Med Students / House Staff / Nursing Students / Graduate Students Ground floor condo in Building A. Hurry it will go quickly!

3 Bedrooms with 3 private baths. Separate dining and living area with extra “sunroom.”

Perfect condo for 3 friends or coworkers. Have your own private space, private bathroom in each bedroom with lockable doors. New Oak Floors and tiled kitchen. Kitchen with all appliances including washer, dryer, microwave, fridge and the condo comes fully equipped with a security system. Rent is $1600 per month or $550 per room. Deposit one months rent.

Please contact: RON MEECE 919.641.9416 or at rmeece@nc.rr.com

or

3 BR 3 BA LivRm DinRm SunRm FULL KITCHEN $1600/mo

STUART SOUDERS 714.717.7154 or at partnersplace@hotmail.com

929 Morreene Rd., Durham, N. C. 27705

THE CHRONICLE

Q&A FROM PAGE 22 2nd mortgage. The first is for 80% of the loan-to-value and the 2nd is for 20% of the loan-to-value. The first mortgage is a 5/1 adjustable rate mortgage (ARM). This is amortized over 30 years with principle and interest.

It is not an Interest-Only type of ARM, nor is it a SubPrime mortgage. The 2nd mortgage is a 15 year fixed rate mortgage. We offer this for purchases, refinances and 2nd homes. We even pay the closing costs on the 2nd mortgage portion for you.

What is PMI? What are discount points?

PMI stands for Private Mortgage Insurance. This is an insurance policy for the lender protecting them against the mortgage going to foreclosure. The amount that you pay generally depends on the amount of your down payment, loan amount and your credit score. To avoid this and you only want one mortgage, you will need to put down 20%. If you are unable, you will want to keep track of your principle and your home’s appreciation. My advice would be wait until you are certain that you have 22% equity before inquiring into the removal.

FRIDAY, MARCH 26, 2010 | 25

CHRONICLE HOUSING GUIDE SPRING 2010 Another type is the ARM, which is an acronym for Adjustable Rate Mortgage. ARM’s are a fixed rate for a specified period of time. This is generally either 3, 5, 7 or 10 years.

What happens is that the rate is fixed for the amount of years and then the rate can adjust yearly, on a conventional loan after the initial period. With a FNMA type of ARM the rate can only adjust as much as 2% either up or down and there is a lifetime cap of 6%.

This means that the rate can never go higher than 6% from the rate that you started with. These types of loans are amortized over 30 years. Many are afraid of this type of loan because of all of the ‘bad press’ it has received. It is my opinion that the ARM’s that we all heard about were either an Interest Only ARM or a sub-prime ARM. The FNMA ARM’s are not bad.

3

Depending on the current market conditions you

Discount points are where you typically see that the borrower is ‘buying down’ the rate. That is to say that they wanted a lower rate, they had extra cash on hand and they wanted a rate that was below the going rate. They could pay extra at the time of closing in order to get the lower rate. Each point is equal to 1% of the loan amount.

One thing that I would suggest is to weigh the difference and see where you break even from a cost perspective before handing over the extra money.

are sometimes able to get ARM’s with a lower rate than for a 30 year fixed. The question to ask yourself before getting this type of loan is, how long do I intend on living in the home. Typical homeower’s today are in their house an average of 3 – 7 years. If that is the case, then it may be worth investigating further.

Interest Only mortgages are still available. I try to keep people away from this product. This type of mortgage provides the borrower an opportunity to own a home and to pay the interest only for a specified period of time. This type of loan means that you are not required to pay anything towards the principle during the initial period of 3-10 years. However, if you only pay the interest and you put nothing towards the principle, you are going to have a tough time trying to refinance when that initial period ends because the only equity that you are going to have is from appreciation and that will not be enough unless you put close to 20% down. Appreciation in this area can be anywhere up to about 4%.

iDEAL LOCATIONS

holly hill

Can you briefly describe the different types of loans (fixed, adjustable, etc.) and how to you determine what is best for you?

A PA RT M E N T

H O M E S

There are several different types of mortgages available. The most common is the fixed rate. This means that the rate is fixed for as long as you own the home unless you refinance. The terms for this type can be anywhere from 30 down to 10 years.

poplar manor A P A R T M E N T

A PA RT M E N T

N N N N N N N N

H O M E S

H O M E S

Pet Friendly Laundry Facilities Lease: 6, 9, 12 months Water furnished Complete kitchen appliance pkg.

Wall-to-wall carpet, window treatments Great West Durham location!

Spacious apartments, convenient to Duke University and Hospital, VA Hospital, US 15-501 & shopping malls N On bus line N TAA Member

Holly Hill/Poplar Manor/Erwin Terrace

919.383.3830

866.383.9256

2716-D Campus Walk Ave., Durham, 27705 Fax 919.382.0427 Hours: Mon-Fri 9-5 After hours by appointment only

1 Bedroom/1 Bath..............705-886 approx SF 2 Bedroom/1-2 Bath. . . . . . .910-1,750 approx SF 3 Bedroom/2 Bath........1,260-1,315 approx SF From Duke (Towerview Dr.), turn right on Erwin Road, left on Lasalle Street, then left on Campus Walk Ave. teamincnc@nc.rr.com

0;4G0= 60AA4CC 50A<B

26 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

;>20C8>= ;854 D=;8<8C43 Bch[XbW X]cTaX^ab 2^^[ P\T]XcXTb 2^]eT]XT]c fXcW TeTahcWX]V h^d ]TTS c^ T]WP]RT h^da [XUTbch[T B^ T]cTacPX] h^da UaXT]Sb 6Tc b^\T f^aZ S^]T >a Ydbc b_T]S P aT[PgX]V TeT]X]V ^] h^da bRaTT]TS X] _PcX^ CWT _^bbXQX[XcXTb PaT T]S[Tbb 7Th Xc½b h^da P_Pac\T]c¹Xc RP] QT fWPcTeTa h^d fP]c Xc c^ QT

0<::B;6AF .:2;6A62@

C74 B?>C) 8 ;^d]VT fXcW <PR ?2 f^aZbcPcX^]b P]S R^[[PQ^aPcXeT Va^d_cWX]Z PaTP R^\Uh bTPcX]V [P_c^_ bcPcX^]b fXaT[Tbb 8]cTa]Tc PRRTbb R^UUTT QPa 73CE P]S QX[[XPaSb C74 BCD38>) 2PaSX^ P]S SXeTabT bcaT]VcW caPX]X]V T`dX_\T]c P]S UaTT fTXVWcb C74 28=4<0) 5d[[ TUUTRc \^eXT cWTPcTa fXcW ã bRaTT] FXX GQ^g P]S ?B fXcW TgcT]bXeT VP\X]V [XQaPah C74 B?;0B7) ATb^ac bch[T bfX\\X]V _^^[ P]S bd\\Ta ZXcRWT] fXcW VPb VaX[[b C74 4GCA0B) >dcS^^a [^d]VT fXcW ÄaTbXST bTPcX]V R^eTaTS VPaPVT _PaZX]V PePX[PQ[T _Tc UaXT]S[h R^\\d]Xch

MINUTES TO DUKE UNIVERSITY!

4130 Garrett Road Durham, NC 27707

For more information or to schedule a tour, call or visit

864.263.1564 CWTaT R^d[S]½c I AlexanGarrettFarms.com Q

Q

.=.?A:2;A 32.AB?2@ ;XVWc Ä[[TS b_PRX^db W^\Tb fXcW ]X]T U^^c RTX[X]Vb P]S f^^S bch[T _[P]Z Å^^aX]V 6^da\Tc ZXcRWT] fXcW QaTPZUPbc QPa ^a RWTU½b Xb[P]S fXcW _T]SP]c [XVWcX]V B[TTZ Q[PRZ 4=4A6H BC0A P__[XP]RTb X]R[dSX]V \XRa^fPeT 6T]Ta^db fP[Z X] R[^bTcb 2TX[X]V UP]b X] [XeX]V a^^\b P]S \PbcTa QTSa^^\b FPbWTa P]S SahTa PePX[PQ[T BRaTT]TS X] _PcX^b ^a QP[R^]XTb PePX[PQ[T

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 27

CHRONICLE HOUSING GUIDE SPRING 2010

Taking care of the basics Who to call when you’re going to move The following shows utility providers in the Durham area. Durham residents can also call the city’s One Call service for more information, 560-1200.

Electricity: Duke Energy • Apply for electricity by calling 1-800-777-9898 or by visiting the Duke Energy web site.

• Orders for electricity are processed Monday-Saturday, 8:00am-9:00pm.

• Allow 3-5 business days for your order to be processed.

Cable TV: Time Warner Cable 708 E. Club Blvd.Durham, NC 27704 (919) 220-4481 To order cable television service, call 1-888-4892666.

Cable hookup requires payment for installation and one month’s service.

Garbage, Trash & Landfill City of Durham Solid Waste Management 1833 Camden Ave Durham, NC 27701 (919) 560-4185

Recycling City of Durham Solid Waste Management 1833 Camden Ave Durham, NC 27701 (919) 560-4185

Tidewater Fibre Corporation 1017 S Hoover Rd Durham, NC 27703 (919) 957-8803

Natural Gas: PSNC Energy

YO U R OWN A PA R T M E N T FROM $ 4 2 2 !

• Apply for gas service by calling 1-877-776-2427.

• A deposit may be required to set up a new account. The deposit amount is based on the previous usage at your new address.

• It can take 2 days to 1 week (peak move-in season) to start gas service.

Water: City of Durham - Water Management

Atrium Gracious living in North Durham 888-338-1493

101 City Hall Plaza (919) 560-4411 Office Hours: 8:00am to 5:00pm, Monday – Friday To activate water service, you must go to City Hall Plaza and provide the following: • A $50 deposit or credit reference letter from another utility • A copy of your lease agreement • Social security card or a photo ID

Email: at@gscapts.com

Heating Oil: Couch Oil Company

27 Floor plans, 2 blocks to Duke!

(919) 286-5408 Office Hours: Monday-Friday, 8:00am - 5:00pm, Saturday, 9:00am - Noon

Colonial

Chapel Tower The closest community to Duke

FLEXIBLE 6-16 MONTH LEASE TERMS ••• ALL-INCLUSIVE STUDENT PACKAGES AVAILABLE

800-550-0282 Email: ct@gscapts.com

Duke Manor Huge fitness center, two pools !

Walk to Duke!

800-433-2801 Email: dm@gscapts.com

Duke Villa

1, 2 or 3 bedroom garden or townhouse plans Swimming pools with free wi-fi Fitness centers, tennis, ample parking Furnished or unfurnished Online rent payment option Washer/dryer available High speed internet available

888-329-1761 Email: dv@gscapts.com

Don C. Christian Co., Inc. (919) 596-8169 Office Hours: Monday-Friday, 8:00am - 4:00pm

Telephone: Verizon • Apply for phone service by calling 800-483-4000.

• You may also apply for service by visiting the GTE Phone Mart at Northgate Mall, Telephone: 2867336 Hours: Monday-Saturday, 10:00am-9:00pm.

• A deposit may be charged to set up a new account.

• A connection charge is required to start your new tele-phone service. Installation charges generally appear on your first telephone bill.

• Phone connection normally takes 2 business days.

Durham’s recycling program has grown.

Small recycling bins have been replaced with larger wheeled recycling carts.

Visit http://www. durhamnc.gov/ departments/solid/ wr_default.cfm for more information.

Townhouse Apartments

US15-501 convenience

See current specials and apply online at

www.gscapts.com

800-550-0284 Email: col@gscapts.com

FREE APARTMENT LOCATOR © GSC 02/10 Limited availability.

Select communities. Offer subject to change.

1-888-GSC-APTS Email: nclocator@gscapts.com

28 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 29

CHRONICLE HOUSING GUIDE SPRING 2010

Where to look for rentals The Chronicle at Duke University

Donate What You Don’t Need,

Shop For What You Do!

The Chronicle - Duke’s award winning daily student newspaper - provides local Classifieds, a bi-annual Housing Guide, frequent housing advertisements and articles and a web site dedicated to available housing options - www.chroniclehousing.com. The print version of the most recent Housing Guide is always available online at www.dukechronicle.com.

Duke Community Housing Database Go to communityhousing.duke.edu, click on the Find Housing link to retrieve rentals from the database. You can find apartments, condominiums, duplexes, houses, townhouses, and rooms.

DukeList This university website has links to opportunities at Duke including

Furniture Appliances Household Goods Building Materials Donations are tax-deductible FREE pick-up of large items

rental information from the Trading Post. Rental sections include Rental Housing, Roommates and Looking to Rent ads. To access, visit DukeList and look for the Trading Post heading.

The News & Observer This Raleigh-based newspaper has a Classifieds section where you can search for rental housing in the Triangle area including Durham, Chapel Hill, Raleigh, and other area counties.

5501 Durham Chapel Hill Blvd., Durham • 403-8668 Tues - Fri 10am - 6pm • Sat 10am - 5pm info@ReStoreDurhamOrange.org • www.ReStoreDurhamOrange.org

30 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

RENT IT. BUY IT.

Either Way, It’s A Smart Move.

TRIANGLE’S LARGEST IN STORE DISPLAY OF UPHOLSTERY HUNDREDS OF PIECES!

RENTING • • •

BUYING

Flexible lease terms.

Delivery within 48 hours.

Written personal service guarantee.

• • •

Up to 70% off pre-leased furniture.

Find a huge selection of brand names.

Selection changes weekly.

Student RENT Package

Student BUY Package

TWIN: Sofa, Chair, End Table, Lamp, Dining Table, 2 Dining Chairs, Twin Mattress Set & Frame, Nightstand, Lamp and Chest

15 PCS: Sofa, Chair, Cocktail Table, End Table, Lamp, Dining Table & 4 Chairs, Headboard, Dresser with Mirror, Nightstand & Lamp

for only $

119/mo*

WAS: 9.95 $39 : NOW .95 $299

Buy from $1199 99

QUEEN: Sofa, Chair, End Table, Lamp, Dining Table, 2 Dining Chairs, Queen Mattress Set & Frame, Nightstand, Lamp and Chest

139/mo*

RENTAL SHOWROOM & CLEARANCE CENTER 1905 New Hope Church Road Raleigh, NC 27609

(919) 876-7550

Additional Queen Bedroom for only $50/mo

CORT.com

Over 30,000 Sq. Feet of Brand Names Low Discount Prices www.furniture-square.com

*Priced based on 6 month lease minimum. 135 delivery/pick-up fee. Does not include 12% Damage Waiver or NC Sales Tax.

20% OFF

any purchase or your first months rent.

OFF

Also Dining Room • Bedroom • Tables Broyhill & Lane Showrooms

$

Show your student ID and receive

%

• Mattresses • Bed Frames • Lowest Prices Around!!

Special Order Choice Styles & Fabrics

Additional Twin Bedroom for only $40/mo

for only $

10

COUPON PRESENT COUPON FOR ADDITIONAL 10% OFF ON RED TAG SALE ITEMS

732-8191

(Offer not valid with any other discounts or coupons. Rentals must meet lease minimums.)

1000 US Hwy. 70 East Hillsborough, NC

Visit one of Drees’ conveniently located communities today.

DURHAM 1. Ashfield Place From the $210s

477-5844

From I-85, exit north on Guess Rd. Go 4.5 miles, past Umstead Rd., to community entrance on right.

2. The Colony at American Village* New Section! — From the $280s 225-8648 Rt. 15-501 to northwest on Hwy. 751 (Cameron Blvd.) through Duke Forest. Right on Constitution Dr., left on American Dr. .7 miles. Left on Sycamore Shoals Rd. into community. Call for information.

3. Brightleaf at the Park Single family homes from the $260s Townhomes from the $140s

596-9513 957-8617

I-540 to north on US-70 (Glenwood Ave.) towards Research Triangle Park. Turn right into community just before Sherron Rd./Miami Blvd.

HILLSBOROUGH 4. Churton Grove From the $320s

732-5112

I-85 to Exit 170 (Rt. 70 Bypass) North approximately 4 miles to right on St. Mary’s Rd., then 1/4 mile to community entrance on left.

Decorated models open Mon., Tues., Fri. and Sat. 11-6, Sun. 12-6, Wed. - Thurs. by appointment.

• 2 to 3-story townhomes, offering 2 to 4 Bedrooms

• Choose from garage and non-garage plans

*By appointment only.

• Open spacious living with lots of windows throughout

• Community clubhouse, tennis courts, a swim facility, and nature trails

ive

r

2

86

America

40

nD

Energy Star applicable to single family homes only.

751

r.

70 15 501

ive oR En

Durham

98

nR

ro

er

Sh

147

Research Triangle Park

55

751 Raleigh “Building Company of the Year”

d.

70

3

15A

15 501

©2009 The Drees Company. All Rights Reserved.

85

157 Constitution Dr.

85

501

40

RDU International Airport

Miami Bl vd.

BYPASS

40

dreeshomes.com or visit us on your phone at mobile.dreeshomes.com

1 Umstead Rd. Guess Rd.

St

70

En oR

• Competitive rate financing packages available

Hillsborough . d sR 4 . Mary’

r

Drees Townhomes at Brightleaf at the Park, from the $140s

540

55

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 31

CHRONICLE HOUSING GUIDE SPRING 2010

Top 10 things to make Durham feel like home Take Me Out to the Ball Game You canâ&#x20AC;&#x2122;t fully embrace life in the Bull City without a visit to the Durham Bulls, the Triple-A affiliate of the Tampa Bay Rays. Made famous by the 1988 movie Bull Durham, the team draws in record crowds all season long, often filling its 10,000-seat downtown stadium designed by the architects of Camden Yards. Itâ&#x20AC;&#x2122;s a baseball loverâ&#x20AC;&#x2122;s dream from the traditional seventh-inning stretch to roaming vendors selling cotton candy, peanuts and cold drinks. Arrive early to check out the restaurants next door in the refurbished AmericanTobacco Campus.

Eat Local. Eat Well This advice is easily followed if you visit the Durham Farmerâ&#x20AC;&#x2122;s Market, open Saturdays year round and Wednesday afternoons in the summer. Located at the new Pavilion at Durham Central Park, the market features more than 50 vendors, all located within 70 miles of the market. As you weave through the bustling crowds, youâ&#x20AC;&#x2122;ll find produce, meat, eggs, flowers, plants, baked goods, pottery, jewelry and artwork. If youâ&#x20AC;&#x2122;re hungry after shopping the stalls, stop by the neighboring Piedmont restaurant, which serves only local, seasonal food often fresh from the market.

beignets at Rue Cler are made to order so these bite size donuts sprinkled with powder sugar come out hot and ready to melt in your mouth every time. Who knew that something that only costs $7 per dozen could be featured in Food and Wine Magazine?

Shop and Stroll Thereâ&#x20AC;&#x2122;s no better place to spend a lazy afternoon perusing shops than Ninth Street. Itâ&#x20AC;&#x2122;s a great walk-able shopping district that can meet anybodyâ&#x20AC;&#x2122;s needs from fine arts at Zola Craft Gallery to beautiful bouquets at Ninth Street Flowers to stylish clothes and more at Za Za Zsu Boutique. And of course youâ&#x20AC;&#x2122;ll want to venture over to gorgeous Brightleaf Square in downtown Dur-

3%

DUKE OUNT DISC

)'# )$ .+ )''.(%-/ #!-.+#,

â&#x20AC;˘ Resort-style swimming pool â&#x20AC;˘ Tennis courts â&#x20AC;˘ Walking trails â&#x20AC;˘ Car care center â&#x20AC;˘ Movie theater â&#x20AC;˘ Barbecue grills and picnic areas â&#x20AC;˘ Business Center â&#x20AC;˘ FREE Cable

When in North Carolina, do as the North Carolinians: eat barbeque and lots of it. And one of the best places in the state just happens to be the legendary Bullockâ&#x20AC;&#x2122;s Barbeque off Hillsborough Road. They serve authentic Eastern-style pulled pork barbeque with tangy vinegar style sauce, hot and crispy hush puppies, Brunswick stew, and Southern sweet tea.

&RQVWLWXWLRQ 'ULYH _ 'XUKDP 1&

Get Away From It All 1

40

147

Wak e Fo rest Rd

15

Hop e Va lley Rd

KEENE

Bl vd

70 BETHESDIA

147

4

54

3 55

gh lei Ra

54

751

2

6WRQH /LRQ 'ULYH _ 'XUKDP 1&

w Ne

N Ford ham Blvd

am rh Du

DURHAM

lvd ll B Hi el p a Ch

OAK GROVE

lvd mi B S Mia

For beignets as good if not better than the famed ones from CafĂŠ Du Monde in New Orleans, stop by Rue Cler, a Parisian-style restaurant in downtown Durham. The

N Alston Ave

DUKE UNIVERSITY

1RUWK &UHHN 'ULYH _ 'XUKDP 1&

y Exp ham Dur

Downtown Delicacies

N Roxbor o St

85 70

A Taste of Summer Year Round

/\GLD¡V :D\ _ 'XUKDP 1&

RESEARCH TRIANGLE PARK

40

SF or dh am

540

Mt Carmel Rd

Known by locals as the Golf Course Loop, the Al Buehler Cross Country Trail is one of the best places in town to get a good workout. The hilly three-mile gravel trail circles around the perimeter of the Washington Duke Inn and Golf Course. The heavily-shaded trail is maintained by the Office of the Duke Forest, which oversees 7,000 acres of privately owned land in Alamance, Durham and Orange counties that is used for recreation and research purposes.

Story Courtesy of Courtney Doi

r offers. with othe . *Not valid erties for details op pr t si Call or vi

Chow Down

Working Out

Known for its hearty sandwiches and fresh baked goods, Fosterâ&#x20AC;&#x2122;s Market is often packed to the brim during the weekday lunch hour and weekend mornings. The gourmet food market cafĂŠ has been a staple in Durham since it was opened in 1990. The food is to die for, but eating it on the marketâ&#x20AC;&#x2122;s large front porch makes the experience even better.

.,- $)+ ).

is Bring thfor the in coupon

For both students and locals, thereâ&#x20AC;&#x2122;s no better place to have an afternoon picnic or study session than the Sarah B. Duke Botanical Gardens. You can sunbathe on a blanket or throw a football on the spacious South Lawn or grab a seat with a book along the terrace. Watch the gardenâ&#x20AC;&#x2122;s resident ducks and geese from one of the bridges over the pond in the Culberson Asiatic Arboretum. Hidden throughout the garden are benches and secluded nooks and crannies that make you feel like the grounds are all your own.

Durham is home to its own gourmet popsicle stand that offers water- or cream-based Mexican paletas. Locopops is known for its unusual flavors such as Mojito, Pistachio, Cucumbers and Chile. They also serve basic fruit flavors, and everything is made in house with fresh ingredients.

Because of its popularity, the owners expanded from their original shop on Hillsborough Road to five additional locations across the Triangle.

Fresh Air and Food

An Afternoon Delight

The beautiful Eno River winds it way through Durham offering a quiet, scenic respite from busy streets. There are several access points to the Eno River State Park where you can hike, fish, canoe, and daydream. Two local favorites are the hiking trails at the Fews Ford Access and Durhamâ&#x20AC;&#x2122;s city park, West Point on the Eno.

ham, which offers spectacular dining and a wide array of shopping options.

751

55 MORRISVILLE

JORDAN LAKE

*All prices, amenities and specials are subject to change without notice.

Potential resident must provide proof of employment for eligibility.

)&)(%!& *!+-'#(-, ")'

32 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Owning a home: Benefits, Risks and Myths Buying a home is the largest purchase most people will ever make. Homeownership has great benefits.

Homeownership also comes with certain responsibilities.

Are you ready for homeownership? Look at your current situation and determine if: • You have a steady, reliable source of income and a steady employment history for at least two years.

• You have a credit history.

• You have money saved for a down payment and closing costs or you have access to other sources of funds, such as an employment bonus, tax refund, or a gift from a relative.

Think about your future plans that might affect your ability to manage the costs of homeownership.

• Consider whether you need to make lifestyle changes that might include not taking expensive vacations or purchasing luxury cars, and dining out less.

• Your total debt is manageable and you can afford to take on the costs associated with homeownership.

• Consider the costs of a growing family when looking at your homeownership budget.

• Consider whether your future plans might include a wedding or college education for yourself or your children.

And remember, the mortgage is not the only expense you need to consider. Homeownership comes with other potential budget items such as repairs, maintenance, taxes, landscaping, etc.

Once you fully understand your current situation, your future plans, and the big picture in terms of homeownership, it’s important to look at the pros and cons of homeownership to make the best decision for you and your family.

Why Own? There are many great reasons to consider owning a home: • You’ll have a place that is yours! You’ll own it, have a place to raise your children and become a part of your community. You can pass your home down to your children, and their children, creating security for generations to come.

• You may pay less to own a home than you would to rent – and it’s yours at the end!

3916 Westchester Rd, New Hope Valley Space and grace! 12 minutes to Duke and the same to Chapel Hill. Spacious lot, high ceilings, large rooms, hardwood floors, loads of light! 4 bedrooms PLUS a top-floor study to die for! Great n’hood and neighbors, too. $545,000

67 Stoneridge Rd, Colony Hill The perfect address for Dukies: a townhouse 5 minutes from Duke, in a quiet green neighborhood with walking trails and a pond. Pool and tennis, too!

In perfect condition, and it offers a light, bright K and living areas plus 3 brs and 3 baths – all for just $159,000!

Anne Sanford GRI, Broker Office Phone: (919) 489-0332 Email: azsanford@gmail.com

Homeownership can reduce the federal income taxes you pay. You can deduct the interest on your home mortgage and property taxes you pay on your home on the tax returns you file each year.

These tax savings partially reduce, or offset somewhat, the actual cost of owning your home.

• Your monthly payments won’t ever go up if you choose a fixed-rate mortgage!

If you choose a mortgage with a fixed-interest rate (one that stays the same for the life of the loan, say 30 years), you’ll pay the same mortgage payment each month for the entire 30 years of the loan (if your taxes go up, your escrow will go up – increasing your monthly payment).

(919) 419-1234

• You’ll build a good nest egg! Owning a home and building equity is the single greatest source of financial security and independence for the majority of people who’ve taken this step.

What Are the Risks?

SALES • MANAGEMENT • RENTALS Your 1 choice for superior homes in the Duke community! st

50 Pro 0+ per Und ties Ma nag er eme nt!

SERVING Hope Valley • Forest Hills Trinity Park • Duke Forest Croasdaile • American Village Southpoint • Hope Valley Farms & other fine neighborhoods!

919-401-9300

LouiseBeckProperties.com

Overall, homeownership is a good investment for most people, but there are risks. If you understand the benefits and risks of homeownership, you can make the best decision about when to buy a home.

So what are the risks of homeownership?

• Monthly housing expenses can increase. Your monthly mortgage payment may be larger than your rent. These higher monthly payments may be offset by a tax benefit at the end of the year. Talk to a tax professional to understand your particular situation.

• You become your own landlord. If an appliance breaks, you will have to pay for its repair or replacement. You are also responsible for the maintenance and upkeep of your home and your property.

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

• You may need to sell your house due to life circumstances. Depending on the local real estate market, you might not be able to sell your home quickly. You may also face additional expenses, such as hiring a real estate professional.

of information about you. In some situations, you may choose to restrict the disclosure of your information if you don’t want it to be shared. If you are unsure how your information will be used, don’t be afraid to ask – it’s your right to know.

Myths About Homeownership

Myth: If you’re late on your monthly mortgage

How lenders assess mortgage applications has changed a lot in the last 20 years. What closed the door to homeownership then may not be a factor today.

payments, you’ll lose your house.

Fact: If you have a financial hardship, like the death of your spouse or a medical emergency, and fall behind, it’s possible to keep your home and get back on track if you contact your lender early. Even if it is not possible to keep your home, you can sell

The following are some common homeownership myths:

Myth: You need great credit to become a homeowner.

Fact: You may still be able to buy a home and you have less-than-perfect credit. And remember, you can improve your credit over time. But if you are buying a home and you have less-than-perfect credit, talk to a housing counselor who can help you avoid a mortgage you can’t afford.

Myth: You need to put 20% down to buy a home.

Fact: There are many types of mortgage products and programs that allow low and no down payments. But remember that your interest rate may be higher for a low or no down payment loan. Also, be sure to factor in other costs such as closing costs, property taxes, moving expenses, and repairs.

FRIDAY, MARCH 26, 2010 | 33

your home and possibly buy a less expensive one rather than face foreclosure.

Myth: You can’t get a mortgage if you’ve changed jobs several times in the last few years.

Fact: Not true. You can change jobs several times and still get a loan to buy a home. Lenders understand that people change jobs. The important thing is to show that you’ve had a stable income.

Story courtesy of Freddie Mac® www.freddiemac.com

Where you live matters.

Myth: If you don’t have a bank account or credit cards, you can’t qualify for a mortgage.

Fact: Having a bank account is always a good idea and helps you establish credit. However, lenders can approve you for a mortgage even if you don’t have a bank account or credit cards. You’ll likely need to keep records showing a history of payments you’ve made for items such as rent, utilities, and car payments.

Myth: Lenders share your personal financial information with other companies.

Fact: By law, banks and other financial institutions are restricted in their uses and disclosures

We can help you find your next rental home How you can reach us: Tel: (919) 684-6711 Email: communityhousing@duke.edu Location: 200 Crowell Hall, East Campus Hours: Monday-Friday. 8 am-5pm Staff available by appointment

Rental housing database N Roommate database N Community information Housing survey reports N Staff assistance N Listing service N Renter’s guide

Find us on Facebook or visit our web site communityhousing.duke.edu

34 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

501

Rd.

Car ver St. North

Dr.

d

Ox

for

dH

d.

St.

Rox boro R

.

Hi l

Dr . si ty er

Du r ha m

Alston Ave.

.

St oro

St .

xb A

rch

da

le

.

tte vil le

St

Ex

ett Gar r

lH

751

C

oro

St.

Ma

55

r ti

xb

Ro

nL

uth

er

F

Farrington Rd .

Ho

pe Va lle y

Rd.

Old

pe ha

Rd .

Rd.

r.

St.

Fa ye

riah

ty D

Ch

Ro

Shannon Rd.

Mo

Universi

loway

y

Mt.

Rd

70

ap el

St.

Er d

BUS

iv Un

lvd.

Hill B

MLK Pkwy .

.

ill

98 70

Hol

a sw es pr

501

BU

55

e.

Lak ewood Av

alli sR d.

l hape am C Durh

15

S

Anders on

751

.

Rd

Co r nw

n

.

.

15

501

wi

St

Ca West Campus me Rd. ron Uni v. d ke Blv lR Du d.

Mi a

lvd

Ma ngu m

in

t. er S

Ge

Duke St.

.

Ma

DUKE UNIVERSITY

. lvd bB Clu E.

Markham Ave.

East Campus Er win Rd .

Pi ckett Rd.

Roxboro Rd.

Br o Buchanan

.

Rd

LaSalle St

W. Club Blvd.

Hills bor ou gh

.

Rd

e en re or M 751

85

Broad St.

BUS

Ninth St.

70

70

Gregson St.

501 15

Du rha 147 m Ex pre ss wa y

Ol

.

ad

70

85

Pointe

St

r ve

wy .

r Ca

Ol

.

Guess Rd.

ll Mi

Hillandale Rd.

Cole Rd

Duke St.

Ros e

Hor ton Rd.

iB m

getting around durham

haron of S

d. ity R

St.

tea Ums

In fin

d.

Latta R

d. dR

i lle tev et ay

Rd

Kin

gP

.

kw

y

W

oo d

Co rn

wa ll

crof t Pkwy.

54

is

Rd .

54

40

LOOKS LUXURY LOCATION •

•

• Newly Remodeled One, Two and Three Bedroom Apts.

• All Energy Efficient Garden Apartments • Ceiling Fans & Fireplaces • 6, 9, 12 & 15 Month Leases • Pool, Lighted Tennis Courts & Volleyball • Children’s Playground SPECIALS • Cablevision Available • 1 BR ~ $500 • Laundry Facilities • 2 BR ~ $600 • 3 BR ~ $845 • Central Heat & Air • 24 Hour Emergency Maintenance

I-85

Wyldwood Rd.

N

Duke St.

New Castle Rd.

Broad St.

471-8474 1321 New Castle Road Mon–Fri 9–5 Sat 10-2

Guess Rd.

Horton Rd.

THE CHRONICLE

FRIDAY, MARCH 26, 2010 | 35

CHRONICLE HOUSING GUIDE SPRING 2010

Step up to ‘green friendly’ flooring Hybrid car? Check. Organic t-shirt made from sustain-able cotton? Check. Whole Foods tote bag?

Check. Environmentally safe house paint? Not so much.

When going green, it’s not just your transportation and clothing that can help lower your carbon footprint. These days, most everything has more environmentally friendly options, and your house is no exception. From bamboo flooring to all natural, milk-based paints, there are many attractive options to consider when decorating your new place.

One of the biggest ways to lower your carbon footprint when decorating is to change what you’re walking on. Flooring is a huge component of any house, and there are many things to look for when deciding what kind to get. When looking at hardwood flooring, sustainability of the materials used and the chemicals used in the finishes are important to think about before choosing a flooring option.

Bamboo wood floors are a popular option since bamboo is a very fast-growing, highly renewable resource, as are floors using wood harvested from forests that are certified to be well-managed and biologically diverse. Green wood flooring options are widely available and can be found at Web sites such as www.ecotimber.com.

Other flooring options include cork tiles and poured concrete floors, which are economical, durable, and can have color and textures added.

Most of us don’t notice it when we’re walking on it, but cork flooring has been naturally enriching interiors for over 100 years in notable buildings such as schools, hospitals, churches, museums, libraries and hotels. It’s warm honey-toned appearance, comfort underfoot and ability to soften acoustics often goes unnoticed by those of us who would not otherwise recognize it.

So what is cork? Cork is actually the outer bark of a tree, Quercus suber, which grows in the Mediterranean Cork can be used as a flooring surface, an underlayment for flooring, on walls and ceilings, and

FOR RENT CONVENIENT TO DUKE & NINTH STREET

905 Carolina Available Now! 2 BR, 1 BA, LR, range, frig, washer/dryer, central gas heat & air, hardwood floors Rent $875 Dep $875

2700 Lawndale Ave. Available Now! Newly Rebuilt - Beautiful 3 BR, 3.5 BA, LR, DR, Eat in Kitchen central heat(gas pack), central a/c, stove, refrigerator, dishwasher, stack w/d, bamboo floors Rent $1875 Dep $1875

(919) 471-2007 2911 Guess Rd., Durham, NC 27705 E-mail: rentals@applerealty.org • Website: www.applerealty.org

is one of the main ingredients in natural linoleum.

Cork has been formed into baseboards and moldings as well. In residential applications cork is successfully used in living rooms, kitchens, bathrooms and hallways. Most manufacturers offer cork tile in shades of light, medium, and dark, but there will always be shade variation from tile to tile.

If you’re into something a little softer to walk on, natural rugs are another way to go, but wall-to-wall carpeting is not a very eco-friendly option. These days most carpets are made from nylon, which is made from petroleum and a plethora of other dangerous (and smelly) chemicals. Some options in-

clude rugs made from natural fibers such as sisal, seagrass or coconut fibers, and carpet tiles made of old recycled carpets, wool and even plastic soda bottles.

If you’re forgoing your old carpeting in favor of some sustainable hardwood or concrete floors, make sure you recycle your old carpet so that it can be made into recycled carpet tiles and other products, such as roofing shingles and railroad ties. The Foam Recycle Center in either Raleigh or Durham (www.recyclefoam.com) will deliver a container and haul away all recyclable carpet padding for you.

Erwin Square A P A R T M E N T S Now Leasing!

Leasing

1, 2 & 3 Bedroom apartments available Please email: jcollier@jtsassociates.com or aacerra@jtsassociates.com for more information.

919-682-9229 905 West Main Street, Suite 24 Managed by Property Advisory Services

F S I E S LD A R B SELF STORAGE CENTERS

Now 2 fantastic locations to serve you!

2144 Page Road Durham 957 - 1650

4324 South Alston Avenue Durham 484 - 0401

Great Locations for Summer Storage Brassfield Self Storage Centers exceeds all expectations!

From Covered RV/Boat Storage and State of the Art Security to Climate Controlled Units, Brassfield Has You Covered!

Visit Us Online at www.BrassfieldSelfStorage.com

36 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

Guide to local apartment communities NAME

ADDRESS

WEBSITE

SQ FOOT

BEDROOMS

PRICES

POOL

FITNESS CENTER

PETS

EXTRAS

Addington Farms

240 Ivy Meadow Ln

addingtonfarms.com

828-1568

1-3

$765-$1745

X

X

X

car care, tennis

Alexan Garrett Farms

4130 Garrett Rd

alexangarrettfarms.com

765-1231

1-3

$895-$1350

X

X

X

movie theater

Alexan Place at South Square

100 Alexan Drive

alexanplaceapts.com

828-1347

1-3

$860-$1380

X

X

X

dog park, theater room

Anderson Apartments

1600 Anderson Street

trinityprop.com

776-1119

1-3

$575-$900

X

newly renovated

Atrium

3800 Merriwether Dr

gscapartments.com

750-1058

1-2

$606-$656

X

X

X

flexible leases, tennis court

Audubon Lake

501 Audubon Lake Dr

ticonproperties.com

650-1640

1-3

$590-$970

X

X

X

security, clubhouse

Belmont Apartments

1000 McQueen Drive

livebelmont.com

788-1130

1-2

$951-$1264

X

X

X

clubhouse, racquetball

Berkeley at Southpoint

1400 Laurel Springs Rd

berkeleysouthpoint.com

843-1410

1-3

$700-$1150

X

X

X

putt green, clubhouse

Campus Walk

2748 Campus Walk

trinityprop.com

690-1085

2-3

$675-$950

X

free washer/dryer

Century Creek

2850 Courtney Creek Blvd

centurycreek.com

889-1491

1-3

$665-$1255

X

X

X

car care, gated, alarm system

Chapel Tower

1315 Morreene Rd

gscapartments.com

550-1325

1-3

$400-$798

X

X

X

flexible leases

Colonial Grand at Patterson Place

100 Northcreek Dr

colonialprop.com

692-1362

1-3

$670-$1235

X

X

X

walking trails, bike rent

Colonial Grand at Research Park

400 Stone Lion Dr

colonialprop.com

484-1594

1-3

$525-$1305

X

X

X

car care, movie theater

Colonial Townhouse Apartments

2920 Chapel Hill Rd

gscapartments.com

1075

2

$579+

X

X

X

flexible leases

Colonial Village at Deerfield

910 Constitution Dr

colonialprop.com

789-1206

1-2

$647-$1260

X

X

X

car care, trails

Colonial Village at Woodlake

1000 Lydiaâ&#x20AC;&#x2122;s Way

colonialprop.com

677-1216

1-3

$590-$1130

X

X

X

free movie rental

Croasdaile Apartments

1829 Front St

brantleyproperties.com

730-1100

1-3

$670-$890

X

X

X

playground

Croasdaile Crossings

2106 Front St

brantleyproperties.com

750-1250

1-2

$750-$925

X

X

X

flexible leases

Duke Manor

311 South LaSalle St

gscapartments.com

550-940

1-2

$345-$499

X

X

X

flexible leases, tennis

Duke Villa

1505 Duke University

gscapartments.com

450-900

1-2

$352-$484

X

X

flexible leases

Erwin Square Apartments

905 West Main St

715-1420

1-3

$695-$1625

Erwin Terrace

2816 Erwin Rd

teamincnc.com

1050-1750

2

$1313-$2188

Evergreens at Mt Moriah

5512 Sunlight Dr

evergreensnc.com

750-1230

1-3

$770-$1100

X

Forest Apartments

800 White Pine Dr

theforestapartments.com

400-824

1-2

$525-$725

X

Holly Hill

2716-D Campus Walk

teamincnc.com

780-1315

1-3

$560-$775

Indigo

100 Adelaide Circle

ticonproperties.com

650-1162

1-2

$560-$855

Lenox East and West

100 Mayfield Circle

ticonproperties.com

650-1640

1-3

$570-$960

Lofts at Lakeview

2616 Erwin Rd

loftsatlakeview.com

685-1672

1-2

$1019-$2399

Martin Court

943 Morreene Rd

1

$570

New Haven

3001 New Haven Dr

ticonproperties.com

535-1640

1-3

$545-$995

X

X

X

clubhouse, security system

North Pointe Commons

2335 Broad St

northpointecommons-apts

818-1529

1-3

$690-$1140

X

X

X

clubhouse, tennis courts

Parc at University Tower

20 Morcroft Lane

parcatuniversitytower.com

725-1234

1-3

$784-$1204

X

X

X

flexible lease, tennis

Pine Ridge

1 Swiftstone Court

ticonproperties.com

535-1640

1-3

$530-$970

X

X

X

clubhouse

Pinnacle Ridge

3611 University Dr

pinnacleridgeapthomes

634-1004

1-2

$595-$1150

X

X

X

tennis & racquetball

Poplar Manor

2716-D Campus Walk

teamincnc.com

705-846

1-2

$665-$740

X

flexible leases

Poplar West

Louise Circle

trinityprop.com

360-838

1-3

$470-$750

X

walk to West

Sagebrook Apartments

103 Melville Loop

sagebrookchapelhill.com

601-1060

1-2

$700-$950

X

X

X

newly renovated

South Terrace Apartments

801 E Woodcroft Pkwy

southterraceapts.com

805-1505

1-3

$650-$1195

X

X

X

car care, walking trails

Southpoint Village

100 Village Circle Way

southpointvillage.net

650-1790

1-3

$799-$1690

X

X

X

garage, car wash

Station 9

2211 Hillsborough Rd

stationnine.com

732-1611

1-2

$935-$1868

X

X

X

security alarms

Strawberry Hill

1321 Newcastle Rd

650-1102

1-3

$500-$845

X

X

flexible leases, tennis

Sutton Station

5836 Fayatteville Rd

suttonstation.com

824-1729

1-2

The Pointe at Chapel Hill

100 Saluda Court

pointeatchapelhill.com

713-1662

1-3

$669-$1258

X

University Apartments

1500 Duke University

universityapartmentsdurham

529-952

1-2

$685-$732

X

Wolf Creek Apartments

403 Wolf Creek Circle

wolfcreekapts.info

919-1434

2-4

$575-$1956

X

Woodstone Apartments

100 Millspring Dr

gardenviewrealty.com

840-1320

1-3

$850+

X

on 9th St.

X

X

X

electric fireplace

X

X

dog park, tennis

X

X

tennis courts

X

flexible leases

X

gated community

X

security system

X

lounge, theater

X

X

security system

security alarms, gas fireplaces X

X

clubhouse, tennis

X

gated parking

X

X

basketball, tennis

X

X

flexible leases, clubhouse

This information is provided as a service. Please verify all information with the rental property.

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

FRIDAY, MARCH 26, 2010 | 37

Once you’ve chosen the rental you want...

Once you’ve decided where you want to live, securing the rental may involve some, or all the following...

Finding the right landlord or apartment complex management can go a long way to making your home life more pleasant.

Tenant Screening - Rental Application Information you provide to the landlord helps them determine if you qualify to rent their property according to their standards. While some landlords may only request references, property managers and apartment complex management typically requires you to fill out a comprehensive rental application.

Lease The relationship between you and your landlord is defined with a contract, typically a lease. Leases vary from landlord to landlord, but clauses in the lease will generally fall into one of the following categories: 1. Restatement of guaranteed legal rights 2. A variation of a negotiable state or local law 3. A policy or rule not covered by state/local law

“Find the highest quality brands at the area’s lowest prices”

In North Carolina, a lease can be in writing or a verbal agreement. It is advisable to avoid a verbal agreements, however, if your landlord insists on a verbal agreement, prepare a letter of understanding, documenting basic terms of the agreement and other things you discussed prior to moving in.

Review and understand all parts of the lease before you sign it. If you’ve negotiated for things that are not written in the lease, include an addendum documenting what you agreed to and be sure that you and the landlord sign it.

Security Deposit & Fees In addition to collecting the first month’s rent, your landlord may collect additional money prior to move-in.

Application Fee Typically between $10-$50, this fee pays for the expense of processing your application. This is a nonrefundable fee. Unless stated otherwise, If you are denied housing, you do not get this money back; if you are approved, it is not be applied to your rent.

Security Deposit A security deposit provides assurance to the landlord that they will be reimbursed for possible specific losses caused by the tenant. With a rental period greater than month-to month, a landlord can charge up to the equivalent of 2 month’s rent.

At the end of your lease term your landlord must refund your deposit within 30 days after your termination of tenancy. If the landlord refunds part of or none of your security deposit, they must provide you an itemized list of deductions.

Administrative Fee Expect this fee if you plan on moving into an apartment complex. The fee is typically $200-$300, is nonrefundable and may replace the security deposit (although some complexes will charge both).

Pet Deposit/Pet Fee If you have a pet, your landlord will likely charge a deposit, fee or both. Just remember, a pet deposit is refundable (unless your pet does a lot of damage to the rental), a pet fee is nonrefundable.

Pet Rent Some landlords charge additional rent for your pet/s.

Story courtesy of Duke Community Housing

Serving the Triangle for over 36 years.

Voted #1 Furniture Store 4 Years in a Row

5122 North Roxboro St., Durham • (919) 477-0481 www.furniturestorenc.com • Mon-Fri 10-7 • Sat 10-6

38 | FRIDAY, MARCH 26, 2010

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

3611 University Drive Durham, NC 27707 1-866-595-6604 • Fax (919) 490-4920 PinnacleRidgeApartments@newhome1.com www.pinnacleridgeapthomes.com

ONE BEDROOM/ONE BATH SINGLE

ONE BEDROOM/ONE BATH MASTER

ONE BEDROOM/ONE BATH WITH FIRE PLACE

634 SQ FT

722 or 736 SQ FT

750 SQ FT

ONE BEDROOM/ONE BATH

ONE BEDROOM/ONE BATH WITH SUNROOM

ONE BEDROOM/ONE BATH WITH DEN

769 SQ FT

800 SQ FT

839 SQ FT

Duke University & Medical Center

& Target

TWO BEDROOM/TWO BATH MASTER

TWO BEDROOM/TWO BATH ROOMMATE

1002 SQ FT

1004 SQ FT

THE CHRONICLE

CHRONICLE HOUSING GUIDE SPRING 2010

FRIDAY, MARCH 26, 2010 | 39

UNIVERSITY DRIVE’ S BEST KEPT SECRET...

DISCOVER PINNACLE RIDGE • • • • • • • •

Limited access community Lush, scenic landscaping Wi-fi enabled clubhouse & pool area Resort Style swimming pool & sundeck Fitness center Indoor racquetball & volleyball court Lighted tennis court 9 Unique & Spacious one & two bedroom apts with large windows • Each home has a patio, balcony or sunroom • Woodburning fireplaces* • Vaulted Ceilings with ceiling fans* • Full size washer/dryer* • Undercounter microwaves* • Rent by Credit Card • Pets welcome • Preferred employer program for Duke employees *in select homes

1-866-595-6604 Let us know you saw us in The Chronicle!

Now Accepting Reservations for the Summer/Fall Priority Waiting List

PinnacleRidgeApartments@newhome1.com

Fax (919) 490-4920

3611 University Drive www.pinnacleridgeapthomes.com

(only 3 miles from Duke) From Duke, turn left on Academy Dr. (Hwy. 751), right onto University Dr., 3611 is located on your left!

Copyright 2006, Waterton Res. All rights reserved.

40 | FRIDAY, MARCH 26, 2010

CHRONICLE HOUSING GUIDE SPRING 2010

THE CHRONICLE