Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529
Call: 866-526-0879 Email UsAbberlyPlace018@myLTSMail.com View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

Apartments Raleigh NC Blog

Cities Where You Can Afford the Rent – Raleigh, Garner, NC

Joseph Coupal - Thursday, May 25, 2017

Abberly Place, Raleigh, Garner, NCLet's Face It: Rent Is Expensive

Your rent check is probably one of your biggest (and often most dreaded) expenses. And, depending on where you live, this expense can take up a sizable amount of your paycheck. But it’s an essential, so every month, we write that check.

That said, how much your budget can truly afford for rent each month is probably one of the biggest considerations you’ll make if it comes time to relocate. Well, that and if your credit is in a good enough place to even get your application approved for some new digs. (Not sure about that last part? You can take a look at two of your free credit scores, updated every 14 days, on Credit.com and come fully prepared to the meeting with your real estate agent.)

And what if it’s time not just for a new apartment but for a new city altogether? Whether you’re looking to move to a new city to help further your career or simply because you’re ready for a change of scenery, affordability is a big deal. And that’s where this list of just how affordable it is to rent a one-bedroom apartment in 20 of the biggest U.S. cities can come in handy.

4. Raleigh, North Carolina
Average Rent-to-Income: 23%
Average Monthly Rent: $1,037

For more information on apartments near Raleigh, NC contact Abberly Place.

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credit.com


Tips for Renting Without Going Broke – Garner, NC

Joseph Coupal - Friday, May 19, 2017

Abberly Place, Garner, NCPersonal finance experts suggest you keep your rent under 30 percent of your income. But for many young professionals in cities these days, that's a big ask.

Many have gone through the process of finding an apartment on a budget, here are some top tips:

1. Know your deal breakers

You're probably not going to have your own one-bedroom apartment. But being on a budget doesn't mean you have to compromise your quality of life.

Take a minute and brainstorm what you would like and what you couldn't stand.

Here is a recommended list of things to consider:

  • Your commute time
  • Whether the apartment is smoking or non-smoking
  • How you feel about pets
  • Distance to the nearest subway or bus stop
  • If you want a quiet or lively place to live
  • If you need a stove, oven, dishwasher, elevator or on-site laundry
  • What you're looking for in a roommate
  • How you feel about overnight guests

Additionally, think about whether or not you can afford to use a real estate broker.

If you're on a tight budget, chances are you won't be able to. Brokers in major cities generally charge 10 to 15 percent of the annual rental fee. For a $1,200 apartment, that's between $1,440 and $2,160. If you can't afford a broker, use keywords such as "no broker" or "no fee" when looking at listings.

2. Download real estate apps

To stay up to date on the listings, download apps like Craigslist, StreetEasy, Trulia and Zillow. Checking them daily is a convenient way to cast a wide net, since you'll find unique listings on each. If the app offers certain benefits to people who create an account, such as the ability to save your searches or keep track of your favorite listings, take advantage of them. Your search will be a lot easier.

In addition, enable notifications. You'll be pinged every time a new listing that matches your criteria is added. When thousands of other people are searching for places, responding even minutes earlier than others can make a huge difference.

3. Save yourself time and stop looking for a studio

Finding an affordable studio apartment in a city like New York is extremely difficult, if not impossible.

On the off chance that you do find one, it almost always has some sort of major catch: It will be the size of a closet or it won't have its own bathroom. If you have roommates to share an apartment with, you really open up your options.

4. Join Facebook housing groups

There are dozens of Facebook groups out there where people post apartment listings. It makes searching for an apartment more personal, since you can check out the lister's social media profile and put a face to the name.

Look up your city name along with "apartments" "listings" or "housing" and you're sure to find a bunch of groups. Request to join them.

5. Post a roommate ad

The more you broadcast your search, the more responses you'll get. So post what you're looking for on your Facebook profile and tell your friends. If you don't want to share your exact price point, you can always give a range or use terms like "on a budget."

In these posts, include your budget, ideal neighborhoods, a bit about yourself and what you're looking for in a roommate.

To stay safe while doing this, don't respond to anyone who asks for money or personal information — those are red flags.

Ask for multiple social media account links from the person to verify that he or she is real. You could also arrange a video call before meeting up.

6. Draft a post you can use to reply to apartment listings

Responding to dozens of listings can be exhausting. To avoid apartment-hunting burn-out, draft a general email response that you can copy and paste, with minor tweaks, to each listing that interests you.

The response should include a bit about yourself, your ideal move in date, what you're looking for and any questions you have about that listing.

7. Stay safe

Never send money, your social security number or any other personal information to strangers, no matter what they say. Seriously, there's a huge market out there of people trying to scam you.

Don't sign any documents or turn over any cash until you do some of your own investigative research. Search the person's name and company with the word "fraud," "scam" and "lawsuit" to see if anything comes up.

When going to view an apartment, always meet in a public place and tell a friend where you're headed. If you have any doubts, do more digging or just hold off. There will be more listings tomorrow.

8. Look into new areas

Finding an affordable apartment in the posh parts of any city is extremely difficult, even if you're planning to share the space. Many young professionals are moving to the less gentrified areas for this reason.

If you look at less trendy but still vibrant neighborhoods you'll find more listings at competitive prices. The commute might not even be that much worse, and the local food might be far better.

Find out where young professionals in your area are moving and do some research. Look into where the laundromats, parks and grocery stores are, what the crime rate is and where the nearest subways or bus stops are. Visit. You might just find a good fit.

9. Don't make impulse buys

Looking for an affordable apartment is very stressful. Remember to take your time and relax. After you see an apartment, walk around the neighborhood. Do you like it? Could you see yourself living there?

If the answer is "Yes," follow up as soon as you can, as apartments go quickly. If the answer is "Maybe," think about it more. Don't allow yourself to get swept up by the panic.

Here's to finding a good place on a budget.

For more information on apartments in Garner, NC contact Abberly Place.

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CNBC


Raleigh, NC: Retire in This Great Small City

Joseph Coupal - Thursday, May 11, 2017

Abberly Place, Garner, NCDoes the thought of retiring to a sleepy beach town or country hamlet bore you silly? Spending your post-work years in a city has plenty of perks, including easy access to the arts, cutting-edge health care, and a diverse set of neighbors. That said, the cons of urban living (like cost) can be daunting.

There is a happy medium. We set out to find places that won’t ding your nest egg with high taxes and nosebleed prices, yet still have great attractions and plenty of your peers. Raleigh is an affordable small city you may one day want to call home.

Raleigh, North Carolina

STATS
Population: 431,700
Population 62 and over: 11.3%
Cost of living index: 92.3

TAXES
Like all the states in this story, North ¬Carolina does not tax Social Security benefits. The state has no inheritance or estate tax.
Income tax: 5.8% flat
Sales tax: 6.75% (combined state and local)
Median property tax: $1,800

WHY IT STANDS OUT

This state capital’s thriving economy and proximity to top universities have long made it a prime relocation destination. And ¬recently more of those new ¬faces have had a few wrinkles: from 2000 to 2010 the city’s population of 55- to 64-year-olds shot up by 97%, according to the Brookings Institution. It’s not hard to see the draw: Raleigh provides a big-city feel with a low cost of living; mild, four-season weather; and, thanks to all those medical schools, world-class health care.

WHAT TO DO

Food: The city has a diverse restaurant scene, with everything from Afghan cuisine to Southern barbecue.
Music: The 5,000-seat Red Hat Amphitheater hosts the big acts, while the opera and symphony perform at the Duke Energy ¬Center for the Performing Arts.
Art: A range of work is on display in galleries, public spaces, and parks. Or take in the 30 Rodin sculptures at the North Carolina Museum of Art.
Education: North Carolina State University’s lifelong-learning program offers affordable courses and study trips on topics including American poetry, digital photography skills and Civil War history.

For more information on apartments near Raleigh in Garner, NC, contact Abberly Place.

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time.com/money


Garner, Raleigh, NC: One of the Best Places to Live in North Carolina

Joseph Coupal - Friday, May 05, 2017

Abberly Place, Garner, NCKnown as the Tarheel State, North Carolina is the 10th largest state in the U.S. and had a population of over 9.7 million in 2012. It contains a diversity of geographical features and is divided into three sections. The mountains are in the west, the Piedmont is in the middle and the coastal plains are in the east. Its central location on the Atlantic Coast, mild weather and economic diversity make it a great place to call home. Also, its two largest metropolitan areas of Raleigh and Charlotte are among the top 10 fastest-growing in the country. Let’s take a look at some of the best places to live in North Carolina.

Raleigh:

Second only to Charlotte in population, Raleigh is the capital of North Carolina. It has a lot to offer with all of the attractions of a large city, but in a more laid-back setting with plenty of natural beauty. Raleigh has historical sites, museums, live shows and is the home of NC State University. It’s also an excellent place for economic opportunities and ranked No. 1 on Forbes’ list of the Best Places for Business and Careers in 2014.

For more information on apartments near Raleigh, NC in Garner, contact Abberly Place.

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Livability.com


Should Millennials Buy Homes? Maybe Not – Garner, NC

Joseph Coupal - Friday, April 28, 2017

Abberly Place, Garner, NCAs the old saying goes, landlords get rich and renters stay poor. But this may not be true anymore.

On the other side of the debate are housing experts who have told The Wall Street Journal that, in the shadow of the Great Recession, the stigma of renting has faded.

It used to be that if you were an adult and didn’t own your own home, you were kind of a bum— but that image has been “blown into a million pieces.” In an era of stagnant wages, tepid job growth and soaring student debt, just 35 percent of Americans under age 35 owned their homes in the third quarter of 2016.

Should you rent or own your home? It’s an age-old question that doesn’t always yield a straight answer.

The unsatisfying advice: It’s complicated. Perhaps the most important factor in the rent-vs-buy calculus is how long you plan to stay in one place.

The five-year rule: In general, housing experts say, if you plan to live in a property for less than five years, you’re wiser to rent. That’s because expenses such as closing costs and real estate commissions wipe out the modest appreciation you enjoy. If you’re going to stay for 10 years, you’ll almost certainly gain by owning.

Here’s a partial list of the cons of homeownership:

Con: You’re responsible for property taxes and insurance.

When you rent, those expenses are part of your monthly payment, and your landlord worries about them. While Florida’s property taxes are modest compared to other states, you can expect to pay about 2 percent of the value of your home every year.

Con: You’re on the hook for repairs.

Kitchens and bathrooms don’t last forever, and a kitchen redo can run into the tens of thousands of dollars. Roofs, windows and air conditioners wear out over time. Replacing these costs thousands of dollars. Appliances break, and you’re on the hook for them, too. If you’re a renter, maintenance is the landlord’s problem.

Con: Owning makes you less mobile.

If you’re tied down by a property here, you might not grab that lucrative job offer somewhere else.

Con: The financial benefits of owning are real, but they’re often overstated.

Here is a sobering example of paying $1,500 a month in rent for 30 years. You’ll blow $540,000 with nothing to show for it. How much will you have if you buy? Here’s a very rough example, with no adjustments for inflation and appreciation: Say you take the same $1,500 a month and apply it to a $250,000 house, with a $200,000 mortgage at 4.25 percent. You’ll spend $984 a month on principal and interest, and the other $516 a month might (or might not) cover property taxes, insurance, lawn care, pest control, the occasional pressure cleaning and those inevitable visits by plumbers, electricians and carpenters. Over the 30-year life of the mortgage, you’ll replace the roof twice, the AC twice, repaint the house three times, buy enough replacement appliances to fill a small warehouse, and you’ll renovate the kitchen and bathrooms, all of which’ll cost you $100,000. And don’t forget that $50,000 down payment you made back when you were young. You will have paid the same $540,000 over 30 years, and you’ll have a net gain of $100,000 to show for it.

Not bad, but certainly not hedge fund money.

For more information on apartments in Garner, NC contact Abberly Place.

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Real Time


North Carolina is One of America’s Cheapest States to Live – Garner, NC

Joseph Coupal - Thursday, April 20, 2017

Abberly Place, Garner, NCCNBC scored all 50 states on more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council and the states themselves. States receive points based on their rankings in each metric. Then we separate those metrics into 10 broad categories, weighted based on how frequently each is used as a selling point in state economic development marketing materials. That way, our study ranks the states based on the criteria they use to sell themselves.

Cost of living is one of the key categories of competitiveness, worth a possible 75 points toward a state's overall Top States score.

This year some states were tied. But North Carolina ranked high on the list .

#5 North Carolina

For more information on apartments in Garner, NC contact Abberly Place.

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CNBC


It May be Better to Rent, No Matter What the Numbers Say – Garner, NC

Joseph Coupal - Friday, April 14, 2017

Abberly Place, Garner, NCIf you're wondering whether you're better off financially renting or buying a home, you can easily find an app for that.

Mortgage calculators all let you input the relevant numbers to determine which option makes more economic sense.

But studies and numbers don't always tell the whole story, and the cheapest option in a state isn't always the cheapest option for an individual.

You shouldn't buy if it doesn't fit your lifestyle. If it's really important to you to be going on exotic vacations ... it might be better to rent. Renting is also ideal for someone whose life is unsettled or a person who expects to relocate in a short time.

You don't want to buy if you don't plan to stay put for a while. In most markets, it's going to take around five years to offset the cost of buying.

In the short term, buying nearly always costs more. There's the down payment and mortgage closing costs, plus whatever money you spend to customize the house and get it ready for you. Then factor in the regular costs of homeownership, including homeowners insurance, property taxes and repair costs, and that can add up to a big chunk of change in the first few years of owning a home.

It's always more expensive in the short run to own rather than rent.

But if you crunch the numbers and they say buying a home is the right move, should you? Not always. Here are three good reasons not to buy a house, even if the all apps and calculators say you should.

You Don't Want the Responsibility

If you own a home, fixing anything that breaks is your responsibility. That could be an easy and inexpensive fix, such as calling a plumber to repair a leaky toilet, or a complicated and costly repair, such as replacement of the water and sewer lines from your home to the street.

When you buy a house, the first thing you discover is your landlord isn't going to fix the water heater when it breaks. Are you entirely ready for the requirements?

Not only do you need to have the money to make the repairs, you need to have the skill to find and negotiate with contractors and repair people. It's a lot of responsibility. Everyone should not buy a house. there are people who are emotionally not ready for it.

Your Life Plans Are in Flux

Even when buying seems cheaper than renting, you end up spending more if you sell quickly because of the costs of buying and selling. Buying a home then moving six months later to take a new job or get married can be costly.

The "in and out" costs are estimated at 10 percent of the home's value, though that varies by home and location. If appreciation is 3 percent a year, it will take you four years to break even, if you didn't spend any significant money on improvements or repairs.

The Great Recession also was a good reminder that there is no guarantee real estate will rise in value. People who bought or refinanced homes at the peak of the market in 2006 found themselves trapped in homes that were worth less, sometimes much less, than they owed on their mortgages. If they sold, they would have had to pay the lender tens of thousands of dollars.

Houses are selling quickly now in most cities and are expected to continue gaining value in 2017, but that's not always the case. If you invest in the stock market, you can sell your assets and have your cash in a few days. Real estate has a much longer time frame.

People whose lives are uncertain may not want to buy. Owning a home could make it harder to relocate for a better job, engage in long-term travel, care for aging parents out of state or unite with long-distance lover. Think hard about your current lifestyle and how it may evolve in the near future before you sign on the dotted line.

You Won't Have Any Savings After You Buy

People often forget that the down payment and closing costs are just the beginning when you buy a house or condo. Even homes in solid condition need maintenance and repair, from painting to new roofs to new appliances.

Every homeowner has a story, often multiple stories, of air conditioners and furnaces that needed replacing six months after they moved in, burst pipes that flooded the basement and washers that stopped forever in midcycle. Annual home maintenance and repairs easily can run 1 to 4 percent of the cost of the home, according to several real estate websites and Freddie Mac.

Houses are expensive and things break. You need to have a healthy emergency fund and be able to add to it.

Some lenders require homeowners to have savings as a condition of approving their mortgages. Even if your lender doesn't, you don't want to spend your last cent buying a home, especially if you'll be stretching to pay the mortgage, taxes and homeowners insurance.

You don't want to come out of the process of buying without at least three months of savings.

For more information on apartments in Garner, NC, contact Abberly Place.

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Yahoo! Finance


One of the Best States To Retire in is Virginia – Roanoke, VA

Joseph Coupal - Thursday, April 06, 2017

Abberly Place, Garner, NCMany of us long for a retirement that will feel like going on a permanent vacation. But before we buy that beach bungalow, box up our stuff and break out the Costco-sized wine spritzers, a reality check may be in order.

Bankrate’s latest ranking of the best and worst states to retire finds the fun-in-the-sun places often associated with retirement may have drawbacks as we face aging issues and our savings dwindle. Retiree meccas like Florida and Arizona don’t come close to cracking our top 10.

#20. North Carolina

Many do want to retire somewhere else - It’s no myth that many people dream of moving in retirement. A new Bankrate survey shows that 47% of Americans would consider relocating when they retire. Higher-earning households and younger people are more likely to say so than everyone else.

According to our poll, Americans’ priorities for a retirement haven suggest they’re giving a lot of thought to practical considerations like cost of living and health care.

How we rate the states

To rank the states according to what people say they want in retirement, we pull together data on these eight criteria:

  • Cost of living
  • Healthcare quality
  • Crime
  • Cultural vitality
  • Weather
  • Taxes
  • Senior citizens’ overall well-being
  • The prevalence of other seniors

Two of our categories are new: cultural vitality (whether residents can find fun stuff to do) and the prevalence of other seniors (whether it would be easy to find other retirees to hang out with).

We weight the factors based on the importance they were given in our survey.

For more information on apartments in Garner, NC, contact Abberly Place.

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Bankrate


It is Cheaper to Rent than Own in Every State, Including Yours - Garner, NC

Joseph Coupal - Friday, March 31, 2017

Abberly Place, Garner, NCOwning a home is often considered the American dream — and it’s an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state, according to a new NerdWallet analysis.

But many homeowners reap benefits that you can’t get from renting. The equity you build can be leveraged for loans that can be used to improve the home and boost its value or be used in financial emergencies.

While renting can’t offer thosefinancial benefits, it’s cheaper to rent on a month-to-month basis. If you’re wondering how to save money for a down payment, renting can help you build that nest egg — but in extremely expensive or competitive markets, renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities. This comparison doesn’t include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages, but is lower for FHA or VA loans.

Key takeaways

  • Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost to rent each month.
  • The smallest difference is still a third more to own.
  • In some states, the cost of owning far eclipses renting.

State: North Carolina
Homeownership Premium: 49%
Median Monthly Cost to Own: $1234
Median Monthly Cost to Rent: $827
Difference: $407

For more information on apartments in Mooresville, NC, contact Abberly Green.

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NerdWallet


In Raleigh, Garner, NC You Can Live Like Royalty for Less Than 70K

Joseph Coupal - Friday, March 24, 2017

Abberly Place, Garner, NCMaking a good living is one thing, living well is another. And that often boils down to where you choose to live.

The best places are likely the ones where you can find a job, earn a good salary and buy a nice home. In a 2016 report, job-hunting site Glassdoor calculated the top spots where your pay will go furthest, based on salaries and home values. To do so, the jobs site came up with a cost of living ratio — a city's median base salary divided by its median home value.

Noticeably missing are some of America's biggest cities. While you can certainly earn more in hubs like New York and San Francisco, few people can afford to buy a house or an apartment there.

We came up with the top 25 places where an average paycheck goes a very long way and the quality of life is great. (A higher ratio number is better.)

25. Raleigh, NC

Cost of living ratio: 30%
Median base salary: $62,000
Number of open jobs: 22,339

For more information on apartments in Garner, NC, near Raleigh, contact Abberly Place.

To see the whole article, click here.

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CNBC



Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529

Call: 866-526-0879
Email UsAbberlyPlace018@myLTSMail.com
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$937-$1,361