Westglen is within minutes of everything West St. Louis County has to offer - shopping, parks, golf, fine restaurants, AAA schools and major employers. With easy access to Highway 40 and I-270, our location is unbeatable.
It has been exactly 5 years since the housing market collapse of 2008. While the conditions have definitely improved, it is hardly a healthy market. To help put things into perspective, we sat down with Kenn Grasse, the president of The Buck Companies, a St. Louis-based developer and property manager, to discuss not only the housing market, but some of the advantages the firm’s apartment complex has to offer.
Q: Why is it not a good time to buy a home?
KG: Well, for one, it makes you indebted to the bank. Plus, all of your cash is tied up in repairs and taxes.
Q: But, buying a home allows you to build equity.
KG: Buying a home used to guarantee an equity position, but that is simply not the case anymore. And what if the housing market crashes again? Housing bubble 2.0 is not too farfetched. Also, there are better places to invest your money and stay more liquid. You can’t eat a house and it takes a lot of your time and cash flow to ensure it is properly maintained.
Q: What makes Westglen different from other apartment complexes?
KG: Westglen is a unique property in that we have very few apartment homes on a lot of acreage. I think it is the lowest density in the metro area with only 80 apartment homes on 17 acres! That’s only 4.7 units to the acre. Also, we have private woods with trails for our residents to explore and enjoy. We are also in the back of Westglen subdivision, offering the best of a suburban lifestyle. Plus, we are in one of the best school districts in the metro are: Rockwood.
Additionally, we have spent a good deal of money recently remodeling the interiors including full size washers and dryers. And most of the apartment homes come with reserved private covered parking.
Q: Wow! Westglen sounds great. It is probably really expensive, isn’t it?
KG: Cost is the best part of the whole deal. Our rental rates start at less than $700 per month and go up to approximately $1200 for a spacious three-bedroom unit with a loft that can be used as an office area or the third bedroom. It’s a great deal and one that really must be seen to appreciate. We like to say we’re kind of hard to find but our residents like it that.
If you would like to take a tour of Westglen Village Apartments, please visit us online 24/7 at westglenvillageapartments.com or call 636-227-6220 to speak to a representative.