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

North Carlina: Retire Richly

Joseph Coupal - Friday, August 18, 2017

Abberly Place, Garner, NCBack in 1895, the breathtaking Blue Ridge Mountains, a comfortable climate and low land prices inspired the Vanderbilts to buy up 125,000 acres of North Carolina wilderness and build the Biltmore House, the largest estate in the U.S. The same factors that attracted this wealthy family continue to make North Carolina popular among retirees and second-home buyers today.

But the Tar Heel State offers a little bit of everything, geographically and culturally. Retirees who prefer to live by the sea can find 300 miles of barrier island beaches, two national seashores and idyllic villages in the state’s eastern region.

North Carolina also has some great college towns, including Chapel Hill, Davidson, and Durham. And dynamic city living can be found in fast-growing Charlotte, which has been undergoing a restaurant renaissance, and the Raleigh-Durham-Chapel Hill-Cary vicinity, dubbed the “Research Triangle” due to its high density of high tech companies.

For anyone on a fixed budget, living costs in North Carolina can be fairly friendly. Overall, the state is 3.7% cheaper than the national average. State income taxes are also to 5.8% flat tax.

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

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marketwatch.com


Should You Rent or Own in Retirement? Probably Rent

Joseph Coupal - Thursday, August 10, 2017

Abberly Place, Garner, NCThere are lots of good reasons to own a home, both as a working adult and as a retiree.

But despite these perks, a growing number of older Americans are choosing to forgo homeownership in favor of renting instead. A recent study by Credit Sesame found that 33% of baby boomers and 46% of seniors 65 and over are making a conscious decision to rent, even though they can afford the latter option. It therefore raises the question: Is homeownership later in life such a good idea after all?

Renting in retirement has its benefits

The motivation to rent in retirement when you can otherwise afford to buy typically boils down to one thing: locking in your costs. Most retirees live off a fixed income, so it stands to reason that the more fixed costs they're able to work with, the better. And while many retirement expenses come with their fair share of variables, there's perhaps no more volatile a budget-buster than owned property.

While it's true that your mortgage payment can't go up in retirement (assuming, of course, that you have a fixed loan, and not a variable one), that's just one piece of the homeownership puzzle -- and it's your peripheral costs that are likely to climb. Take property taxes, which, in some parts of the country, can equal or even exceed one's mortgage payment itself. Even during periods when home values drop, property taxes still have a tendency to rise. In 2000, U.S. homeowners paid an estimated $247 billion in real estate taxes, but by 2010, that figure climbed $476 billion. Of course, the housing market had by no means recovered by 2010, but that didn't matter -- homeowners were still on the hook for higher taxes.

Then there's maintenance to consider. The average homeowner spends anywhere from 1% to 4% of his or her home's value on annual upkeep. Now if you happen to buy a new home in retirement, you can probably keep your maintenance costs to the lower end of that range. But if you're hanging onto a house you've been living in for years, chances are you'll be facing the higher end. For a $400,000 property, that's $16,000 a year on maintenance alone.

Regular upkeep aside, when you own a home, there's always the possibility of a major appliance going bad, or a significant repair popping up when you least expect it. If you're on a tight budget, which many retirees are, and you're suddenly forced to shell out $10,000 to replace a faulty roof, the financial impact could be downright catastrophic.

That's why in many cases, you're better off renting in retirement than owning. Yes, you will have to accept the fact that your rent will probably go up year after year, but if you sign a multi-year lease, you can mitigate this risk. And if your rent does go up to the point where you no longer feel it's affordable, there's always the option to pick up and move. Will that be easy? No. But it's an option nonetheless -- whereas ignoring a capsizing roof is not.

Again, there are benefits to owning a home in retirement that make it a viable option as well. On top of the aforementioned tax breaks, your home can serve as a source of equity, whether via a loan or a reverse mortgage . But if your savings are limited and you're worried about money, renting a home may be the better choice for your senior years. This way, you'll get a roof over your head, without the financial obligation to be the one to fix it.

For more information on renting an apartment in Garner, NC during retirement, contact Abberly Place.

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foxbusiness.com


Retire Around This Great Small City: Raleigh, NC

Joseph Coupal - Friday, August 04, 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. Read on for five affordable small cities (populations of 150,000 to 500,000) you may one day want to call home.

Raleigh, North Carolina

  • Population: 431,700
  • Population 62 and over: 11.3%
  • Median home price: $210,000
  • 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, NC in Garner, NC contact Abberly Place.

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Money


It’s Cheaper to Rent in North Carolina

Joseph Coupal - Friday, July 28, 2017

Abberly Place, Garner, NCTraditionally, owning a home is touted as a smarter financial move than renting one. But with demand increasing and the supply of houses for sale falling, home prices have been rising nationally, according to real estate marketplace Zillow. So, you might be wondering: Is it better to rent or buy a home?

To find out where it makes more sense to rent or buy a home, GOBankingRates surveyed the cost of renting versus owning a home in all 50 states and the District of Columbia. Since conducting a similar survey in 2016, we found that the number of places where it’s more expensive to own than rent has increased from nine to 11 — this includes a few states where the price difference is minimal.

For this year's study, we looked at the estimated rent price for all homes listed on Zillow. We also calculated the estimated monthly mortgage to own a home in each state, based on the median list price of homes listed on Zillow, a 20 percent down payment and a 30-year fixed-rate loan.

8. North Carolina

Buying vs. Renting a Home in North Carolina

  • Monthly rent in North Carolina: $1,157
  • Monthly mortgage in North Carolina: $1,233
  • Should you rent or buy: Rent

In 2016, it was more expensive to rent than own a home in North Carolina. But now, it costs $76 more to own than rent, likely due to a sharp rise in home prices. The median home list price jumped from $226,750 in May 2016 to $249,000 in May 2017, according to Zillow data.

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

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gobankingrates.com


Reasons To Move To The Raleigh, NC Area

Joseph Coupal - Thursday, July 13, 2017

Abberly Place Apartments, Garner, NCThose who live in North Carolina know it is the best place in the world to live! From our stunning natural beauty to our incredible man-made wonders, we’re lucky to call the Tar Heel State ‘home.’ While some prefer to live in one of the state’s picturesque small towns, others love the vibe of a bigger city. If you like an urban atmosphere that offers plenty of green space and a lot of opportunity, you should drop everything and move to Raleigh. Here’s why.

1. Our capital city is a pretty fabulous place to live.

With around 450,000 residents, it's just the right size - large enough to offer all the many amenities of a big city, but small enough to maintain a low crime rate, plenty of green space and more of a "hometown" feeling than a city with millions.

2. Raleigh is the third best city in the country for young families.

We think it's actually the BEST city for young families, but the site Value Penguin ranked us third in the nation based on 16 criteria. Raleigh is a great place when it comes to outdoor recreation, housing, safety and the availability of healthcare.

3. Raleigh is a top moving destination.

United Van Lines ranked Raleigh fifth in the nation for the number of moves into the city. With neighborhoods like this, it's easy to see why people want to move here.

4. Did we mention Raleigh's undeniable beauty?

We might be biased, but we can't help but think that Raleigh easily qualifies as one of the prettiest cities anywhere.

5. Indeed.com says that Raleigh is the second easiest city in the country to find a job.

If you need a job, Raleigh is your place! Our city came in second in the nation, right behind San Jose, CA. That ranking was based on the number of available job listings.

6. Looking for a tech job? Raleigh is the perfect place.

The New York Times notes that the number of tech jobs in Raleigh increased over 38 percent between 2010 and 2015. It's the second-highest increase in the country, right after San Francisco. Coders and techies are happy here indeed.

7. We have some of the coolest museums, hands down.

Sure, lots of cities have a Natural Science Museum, but does theirs look this awesome?

8. Money Magazine named Raleigh the "Best Big City in the Southeast."

Raleigh made the list because of its parks and green spaces, housing, low crime and excellent schools. Money Magazine also pointed out that the many transportation options in the city make it easy to get from here to there.

9. Forbes ranks Raleigh 3rd in the nation for young professionals.

If you're just getting your career started, Raleigh is perfect. You'll enjoy low unemployment, good pay and excellent growth opportunities here. And, you'll find a thriving social scene with lots of other people your age who are starting their careers, too.

10. If you've served our country, Raleigh is one of your best choices.

WalletHub.com pulled data from 100 U.S. cities to find out which are the best for veterans, and Raleigh ranked 8th. Factors included access to medical care, number of jobs related to military skills, economic wellness and educational opportunities for those returning from deployment. Raleigh loves our veterans, and is proud to offer plenty of opportunities for them when they return from overseas.

These are just 10 reasons to love living in Raleigh – we’re sure you can come up with more! For more information on apartments near Raleigh, NC in Garner, contact Abberly Place.

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onlyinyourstate.com


Is it Time to Sell and Start Renting?

Joseph Coupal - Friday, July 07, 2017

Abberly Place, Garner, NCFor many reasons, a lot of baby boomers have been delaying retirement. One reason is that they have been unable to sell their homes. They've been trapped in our old houses, in their high-tax communities, handcuffed to jobs by a lofty cost of living. They couldn't afford to retire until they could move to a less expensive home.

But now the real estate market is improving. The number of existing homes sold is up from a year ago, and average prices have climbed since this time last year.

Now the question is: If you can finally sell your home and move to a retirement destination should you rent your new place, or should you buy again?

Let's remember that despite the lousy real estate market of the recent past, most boomers have made a lot of money owning their own homes over the past 30 years. For most of their lives – and their parents' lives– owning a home was the American dream.

The rule of thumb was that it was better to own than to rent, as long as you planned to stay in your house for at least five years.

But that was then. What about now? What we've all learned since 2006 is that owning a home can be an albatross as well as an opportunity. Many people now seem more interested in mobility than stability. You can't retire and you can't take that new job if you can't sell your house. And maybe you just no longer want the responsibility of taking care of a lawn and doing maintenance on the roof and the plumbing and the heating system.

Many of us know – and are a little jealous of – a friend or relative who was renting an apartment or a condo and was able to take a new job or jump on an early retirement package, then wave goodbye and start the new life they wanted.

Now that homeowners have the chance to move, do you really want to be saddled with another place you may not be able to sell?

Certainly, if you're experimenting with your retirement, shopping for a new place to live, you should not buy a place right away. Remember, buying and selling a house costs a lot of money – not just the down payment, but the mortgage, the lawyer, the insurance and taxes.

If you're not sure, rent for a year or two.

Above all, the choice of whether to rent or buy is a lifestyle decision. What kind of home and neighborhood you want to live in, whether you want to feel like a part of the community and how long you are you going to stay there.

For more information on renting an apartment in Garner, NC, contact Abberly Place.

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US News


Raleigh Area: Cheap Rent and Good Jobs for New College Grads

Joseph Coupal - Friday, June 30, 2017

Abberly Place, Garner, NCThere are certain things that as a new college graduate you have little control over, such as when you're forced to join the real world. If you happened to graduate in 2008 — when the economy was hemorrhaging jobs while the stock and housing markets were collapsing — you were somewhat out of luck. Still, there were things you could have done to improve your financial odds even in the Great Recession, such as picking a city with the best odds of finding a good-paying job and an affordable place to live.

Which begs the question: Where are those cities for young grads today?

The real estate site Trulia and the careers site Indeed have teamed up to look at which cities provide the best combination of affordable rental properties and the types of jobs that typically employ new grads.

Their conclusion: Finding the ideal place to work and live is tricky, because the market in which you might find the best-paying jobs may also happen to be too pricey for a 22-year-old to afford rent.

There are parts of the country that have the highest percentage of jobs that were amenable to those right out of college. Almost a third of all postings in San Jose were "grad-friendly," and recent grads could expect to earn around $3,333 a month.

Trouble is, all of that economic activity has dramatically driven up demand and prices for homes and apartments. In the San Jose market, new grads can only afford 2.5% of the available rental listings in the area.

Do new grads have to choose between a paycheck in their pocket or a roof over their head? To an extent, yes.

Yet the researchers note that there are some "sweet spots" that offer the best of both worlds.

MONEY took the data from the survey and organized it a bit differently.

We eliminated any location where less than than 10% of the housing market was accessible to new grads, and then looked at the top job markets among the remaining towns on the list. We found the Top 50 of those markets, Raleigh, NC is number 15.

15. Raleigh, NC
Monthly Income: $2,581
Percentage of Listings Affordable to Recent College Grad: 9.8%.
Percentage of Grad-Friendly Job Postings: 19.3%

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

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Time - Money


What it's Like to Retire in the Raleigh, NC Area

Joseph Coupal - Wednesday, June 21, 2017

Abberly Place, Garner, NCRaleigh, the capitol of North Carolina, is a fast-growing city in the middle of the state. Raleigh has a diversified economy and is home to several colleges including NC State at Raleigh. This city is one of three in the so-called Research Triangle, the others being Durham and Chapel Hill.

There have been a number of successful projects to bring condominiums, shops, and restaurants to the downtown area. The city has several historic districts including the Fayetteville Historic District.

What is special about Raleigh

Raleigh is the fast growing NC capital named to several "10 Best" lists. Not all retirees will appreciate the notice from the Wall St. Journal - Raleigh was named one of the top 10 cities emerging as the “hottest, hippest destinations” for educated workers in their 20s when the U.S. economy gets moving again.

The Journal cited low cost of living, expanding Ft. Bragg, and highly educated population. There are 8,100 acres of parks, multiple community centers, 112 tennis courts, 8 acquatic centers, and many bike trails and lanes.

Who will like retirement in Raleigh

Folks who are looking for life in a fast-paced, middle-sized city in the south, will like it in Raleigh. It offers a more moderate climate and there is plenty to do.

Local economy is driven by

Banking/ financial services, healthcare, universities, and many corporations.

Climate and Physical Environment

Raleigh is in the middle of the state, part of the Research Triangle region. Average January temperature is about 40 (F.). The mountains are not far away.

Restaurants & Cultural Scene

As the state capital Raleigh has a number of significant cultural institutions. Those include African American Cultural Complex, Contemporary Art Museum, Gregg Museum of Art & Design at NCSU, Haywood Hall House & Gardens, North Carolina Museum of Art, North Carolina Museum of Natural Sciences, and the North Carolina Museum of History. The Time Warner Cable Music Pavilion hosts major concert acts. The Progress Energy Center for the Performing Arts hosts plays, concerts, ballet, opera, and symphony concerts. The Meymandi Theatre at the Murphey School is one of many theater venues.

Crime

The crime rate is very close to the national average.

Medical facilities

Raleigh is home to many hospitals including the Dorothea Dix Hospital.

Transportation

The Raleigh-Durham Airport offers convenient service. Amtrak stops in Raleigh. Capital Area Transit System provides bus service through the region. Raleigh is considered below average in walkability when compared to other cities.

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

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topretirements.com


Garner, NC is One of the Most Affordable Suburbs of Raleigh

Joseph Coupal - Wednesday, June 14, 2017

Abberly Place, Garner, NCEvery year, people from all over the world move to North Carolina’s capital city. It’s home to North Carolina State University and is part of the Research Triangle area—a big draw for students and professionals alike. But what if you want access to Raleigh without living amidst the hustle and bustle? Moving to the suburbs might be the right choice for you and your wallet. Garner, NC is on the list of the 5 most affordable Raleigh suburbs in terms of cost of living, median home value, percentage of income spent on rent, and home affordability.

5. Garner

Key Stats:

  • Cost of living: 98, compared to the Raleigh average of 103
  • Affordability ratio: 2.7

Garner is that perfect combination of old and new. The historic downtown district traces its origins back to 1878 and still has many of the same beautiful buildings and yet all of the modern amenities you’ll need. The homes are just as varied, from traditional homes set on vast lawns to more modern townhomes and condos. There’s even the Garner Senior Center, if you’re looking for fun in retirement. Garner has festivals and events throughout the year, from the holiday Christmas Tree Lighting to the Music Off Main festival during the summer. In fact, Garner is a haven for arts and entertainment, with its large performing arts center and the Avery Street Recreation Center. There are eight public elementary schools, two middle schools, and one high school.

Living Near Raleigh

Living near Raleigh may not be quite as thrilling as living smack dab in the middle of the capital city, but it’s certainly a lot more affordable. If you’re ready to start apartment hunting, contact Abberly Place for more information on apartments in Garner, NC.

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movoto.com


Garner, NC is One of the Best Raleigh Suburbs for Retirement

Joseph Coupal - Friday, June 09, 2017

Abberly Place, Garner, NCIf you love Raleigh, but aren’t quite sure you want to spend your golden years navigating a busy city, Raleigh’s suburbs might be the perfect solution. That’s why we’ve compiled a list of the best Raleigh suburbs for retirees based on the senior amenities and doctors per capita, cost of living, median home price, and total crimes.

5. Garner, NC

Key Stats:
Number of doctors: 60
Residents 65 and up: 12.2 percent

The scenic suburb of Garner is a great fit for an active retiree. Garner has a variety of one-story homes, from new construction ranch houses to mid century homes. Eagle Ridge Golf Club provides a challenging course, and Garner Country Club is the perfect spot to relax after hitting the links. Plan a fishing or boating trip on Lake Benson, or spend the afternoon strolling through Lake Benson Park’s scenic walking trails. If you’d prefer to spend your golden years enjoying the great indoors, catch a play at Garner’s Performing Arts Center

Kick Back And Relax

Now that you know that Garner is in the top five suburbs near Raleigh for retirement, it’s time to relax and enjoy your golden years. Oh, and don’t worry about finding a new home. For more information on apartments in Garner, NC contact Abberly Place.

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movoto.com



Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529

Call: 866-526-0879
Email UsAbberlyPlace024@myLTSMail.com
View Map

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

$937-$1,361