In recent years, Chattanooga has seen a spike in the cost to rent an apartment, while at the same time a dramatic drop in mortgage interest rates, and with them, mortgage payments. Also, while rent for an apartment is subject to change from year to year, homeowners that have fixed interest rates on their mortgages can be secure in the fact that their payments will stay the same.
Specifications
Bedrooms 1 to 3
Baths 1 to 2
Sq. ft. 1,075 to 1,475
Location North Chattanooga
Price from the $119,000s
MLS 1142107
FEATURES: Scenic views, 24-hour gym, secure entrance, granite counter tops, renovated interiors, theater room, outdoor pool and more.
PRESENTED BY:
The Pinnacle Sales Team 634-2199 and Coldwell Banker NRTDA
The sales team at The Pinnacle, a condominium development in North Chattanooga, likes to remind people of these facts, and as a result, many of the tenants at The Pinnacle are first-time homeowners who are enjoying the satisfaction and security of home ownership.
Matt St. Charles, a first time homeowner who has lived at The Pinnacle for five years, enjoys the sense of community that comes from a group of homeowners who want their environment to reflect their satisfaction with The Pinnacle. “The atmosphere is like that of a big family,” he said. “If you want to talk to somebody, your neighbors are right there. My experiences have been wonderful. I could not have picked a better place to live. From the sense of community to the homeowners and developers, my experience at The Pinnacle has just been outstanding.”
Matthew Lynn, another first-time owner, enjoys the fact that his purchase is an investment.
“The feeling when you walk in the door and you know it’s yours is far better than any renting experience you can imagine,” Lynn said. “It’s cheaper than renting! That’s what’s so great about it; the mortgage is cheaper.”
Since mortgage payments have become, in many cases, less expensive than rent, people are able to more easily afford a place like The Pinnacle, which offers its residents a convenient, secure place to live, as well as a plethora of amenities – enough to make anyone who is currently renting an apartment seriously consider home ownership.