Abberly Place Blog

We are SUPER EXCITED to announce that your property, Abberly Place in Raleigh, NC took home the biggest award given at our annual awards banquet yesterday for COMMUNITY OF THE YEAR!!! This is an award that we share with you all.

We did have two individual awards given yesterday as well. Both Eric Bogacki and Lauren Booker were awarded Team Spirit awards for outstanding customer service and positive attitude about their community and work. We could not be happier as a team to share this with you all.

We all need a place to call home but even with the real estate downturn, many people continue to think that buying a home is a good investment and a way for them to build wealth. When times were good, this was not really the case for most people.  Wherever you choose to live, make sure it’s for the right reasons. Owning a home can be rewarding. Renting an apartment home with Abberly Place can also be very rewarding. Don’t just take our word for it – check out this article on Yahoo Finance – Why Your Home is not the investment you think it is. In recent months, the housing market, interest rates and the economy have been the focus of many news stories and are key issues in the political arena. Consumers have been inundated for years with visions of the American Dream and why home ownership is a great investment. As seen with the recent housing crisis, home ownership may not be right for everyone.

• If you bought in Rochester, N.Y., in 1980, you would have seen only a mediocre 4% annual growth for the next 25 years.
• If you bought in Dallas in 1986, as the oil boom went bust, your home wouldn’t have appreciated at all before 1998.

It is also important to look at the “net appreciation”.  Most people do not subtract all of the interest paid to the banks, maintenance, decorating costs, closing costs, taxes, and insurance from the appreciation.  In many cases, especially if you do not own your home for more than a few years, there is not true appreciation and in more and more cases, there is negative appreciation.  Many do not realize the real financial and practical advantages HHHunt residents experience every year when they decide to rent an apartment home at one of our communities. There are just a couple of points to consider and think about. Renting is a long term investment and very rewarding. Especially in the North Carolina area we are a respected and very diverse community. Be sure to take a look at our communities and our activities we have to offer. Our unique apartment homes at Abberly Place combine convenience, comfort, and technology for today’s lifestyle in our apartment homes. Our beautiful interiors are designed to optimize the way you live, work, and play. Contact us today to learn more about renting at Abberly Place, or feel free to stop in and take a tour of our community.

Many of us receive coupons in the mail to our favorite store which gives us a 15% or 20% discount on purchases in a given time period. While it may be very tempting to run right out to the store to get a “deal” on the latest style, gadget, etc., there are a few questions that you should ask yourself.

1. How much do I want this item?
2. Do I have cash to pay for the item(s) and
3. If I put this on my credit card, how much will I pay in interest to get this “deal”.

For example, a new laptop retails at XYZ store for $1250. You purchase this laptop at XYZ store using your 20% coupon and charge the purchase on your credit card. The discounted price is $1000 and you are feeling pretty wonderful about the deal on your laptop. If you just make the minimum payment on your credit card with an interest rate of 18%, you will end up paying $923.12 in interest over 113 months (9.4 years). In this example, the total to purchase this laptop was actually $1923.12 which is definitely NOT a “deal”!

Knowledge is power and it is so important that you make informed decisions when making a purchase, especially when purchasing with a credit card. Check out this online credit card interest calculator!

By Jennifer Moran