Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529
Call: 844-230-1753 Email UsAbberlyPlace018@myLTSMail.com View Map

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

Apartments Raleigh NC Blog

Making the Case for Renting – Garner, NC

Joseph Coupal - Wednesday, November 23, 2016

Abberly Crest Apartment Homes, Garner, NCOwning a home is often considered to be a central part of the American dream. It might as well be an advertising slogan — “If you work hard for long enough, you can have your own house (among other nice things).”

Conventional wisdom holds that given finite urban area, a growing population, and a perpetual demand for living spaces, the housing market will always gain value. Accordingly, a common retirement savings plan goes something like this: 1) invest in a home by getting a mortgage; 2) pay it off in 30 years or so; 3) reap the rewards of a house whose value has greatly appreciated over that time; 4) sail off into the sunset. That’s the Holy Grail scenario.

On the contrary, for many mortgage-debtors their sacred “investment” may well prove to be a poisoned chalice, especially if they purchased their home recently.

Fortunately, there is another option. Unless one’s self-esteem is irrevocably married to the concept of ownership, renting may offer a superior alternative. Renters are not burdened with property taxes, maintenance expenses, interest payments, insurance costs, or legal fees, and are typically not responsible for upkeep. And while these sorts of costs are factored into rent prices, the average monthly cost of renting will still be far below the aggregate costs incurred by the average homeowner in today’s market. Additionally, renting grants greater flexibility.

The flexibility is particularly useful to young people in a shifting economic landscape characterized by fewer work opportunities. Recent college graduates enter a labor market that has intense competition and cannot promise rising real wages or job security. The growth of household debt has vastly outpaced the relatively meagre rise in median household income over the last few decades. This means that when unforeseen economic shocks rattle the financial knife-edge on which many families are living, things can quickly go sideways. What is worse, this trend will only continue as advances in artificial intelligence affects the manufacturing and service sectors. In light of these factors, for many people it makes more sense to rent than to buy, so as to minimize one’s debt exposure.

Despite the conventional logic that a house’s value appreciates over time, bubbles like this one show that the market is inherently endowed with a certain degree of volatility that can make or break a family financially when we are talking about homes that cost half-a-million dollars. Renting not only avoids mortgage debt, but also frees up money that one can use to save for retirement in other ways, like by investing in an index mutual fund that is low-risk and yields reliable long-term growth. The American dream, on the other hand, frequently yields less than hoped for most people, and to pursue it recklessly is to become an ever more indebted society.

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

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Calgary Herald


Great Reasons to Rent an Apartment in Garner, NC

Joseph Coupal - Friday, November 18, 2016

Are you looking for an apartment in Garner, NC? Do you want a community that truly feels like home to you?

The following might be just a few of the reasons why people love to rent

Convenient location

In real estate, location is king. If your current apartment is located near work or school and offers easy access to highways and many of your favorite haunts, you know just how true that old adage is. A convenient location can make an apartment home feel like a real treasure.

Great neighborhood

The qualities of a neighborhood can also be enough to make you stay in an apartment, long-term. Consider walkability, diversity and the “cool factor.” Do you enjoy the character of your current neighborhood? Would you miss its unique quirks or cultural offerings?

Amazing amenities

Apartment amenities are another point of persuasion. Some apartment communities offer a wide variety of amenities like a pool, outdoor space for play or barbeques, dog runs, a gym or concierge, and laundry services. Take a moment to think about the apartment amenities that make your life easier. When all other factors in an apartment search are equal, amenities can really tip the scale toward “love.”

The people

Good relationships with your neighbors can also factor strongly in a decision to stay in an apartment. Many apartments offer residents a real sense of community. If you enjoy knowing your neighbors and find yourself in an environment where folks are friendly and fun, you may have all the evidence you need to stay put.

Consider your relationship with property managers and staff, as well. Personable, attentive staff who make themselves available to their residents and respond quickly to maintenance issues or other needs are a true asset. If you feel your apartment community staff really takes care of you, consider that a good reason to stay in your current place.

Financial factors

These are just some of the reasons that might convince you to stay in an apartment. There are financial reasons, too. If you enjoy a reasonable rent rate, that can be a very compelling reason to stay put.

And don’t forget that even a short, in-town move comes at a cost. Even if you do everything yourself, moving will still be an expense — on top of all the start-up expenses you’re responsible for to secure a new lease and set up utilities at a new place.

Sure, maybe you’ve daydreamed about moving? We all get an itch to try something new every once in a while, but moving isn’t necessarily something to do on a whim. Consider the reasons above, and you may decide you want to stay put right where you are!

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

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Apartmentguide.com


Rent or Buy: Which is More Affordable? Garner, NC

Joseph Coupal - Friday, November 11, 2016

There is a myth out there that when you rent you are paying someone else’s mortgage, so why don’t you pay your own? This is a farce. It doesn’t matter whose mortgage you are paying, what matters is your costs to live in that home. No matter where you live, the cost to live in your home is an expense. If you rent, you pay rent to a landlord. If you own, you pay a mortgage, taxes, insurance, maintenance, etc. There are costs for both options. Unless you live in a tent you will be paying for a home either way.

The reason many people think that owning is better than renting is that they equate owning a home as an investment rather than an expense. Once they make the realization that it is also an expense, the picture should become much clearer.

If you buy a home, it is an expense. If you buy a home and rent it out to a third party, it becomes an investment. A better way to put it is that when you are renting, you rent from a landlord. When you buy a home to live in, you are renting from yourself. Since you do not get any monetary gain from paying yourself, it is 100% expense.

Renting vs. Buying: Which is Cheaper

On average when you buy a home, you are not making money on it. Given the fact that you usually have to put down 20% you are actually losing out in opportunity costs with those funds. But the question remains – which is actually cheaper?

Are you looking at renting versus buying a home in an upper-class neighborhood? Everyone has to live somewhere, but most people live in a location that is affordable according to their monthly cash flow.  Often that can mean renting. Renters can often live in neighborhoods they could not otherwise afford or will get apartment amenities that they could not have in an affordable home.

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

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The Argument for Remaining a Renter – Garner, NC

Joseph Coupal - Friday, November 04, 2016

A home purchase is a serious investment of your time and money, so if you're at all hesitant, it may be best to wait. Here are a few questions to ask yourself as you consider whether you're ready to leave your rental.

Are you enjoying the luxury amenities of your apartment community? It's far more common for apartment buildings to offer a variety of amenities and services -- from pools and gyms to package delivery and pickup -- than in previous decades. If you enjoy those amenities and would miss them living elsewhere, you might as well continue taking advantage of them.

They're not the kind of ratty apartment [that buyers are] coming out of where they're happy to be in a home. They're already in a pretty nice place now, and it's sometimes hard for them to find a home that has those features.

Are you ready to make a big investment? Purchasing a home is the biggest investment many people will make in their lifetime. If you're not ready to make such a significant decision, it may be best to remain a renter.

How long do you plan to stay in the next place you live? Investing in a home requires a few years to prove profitable. This gives you time to build equity in the home and for the property to appreciate in value.

A person in his or her 20s may be particularly apt to relocate for a variety of reasons: Career and romantic opportunities have pushed most people to relocate at least once or twice.

Will your home needs change in the next few years? Even if you're ready to settle in one place now, you should take your future needs into account. If you can see yourself starting a family within three years and wanting to live in the suburbs, the one-bedroom condo you can afford now may not be ideal.

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

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Yahoo! Finance



Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529

Call: 844-230-1753
Email UsAbberlyPlace024@myLTSMail.com
View Map

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

$937-$1,361