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

Best Places For Business And Careers – Raleigh, Garnern NC

Joseph Coupal - Friday, March 25, 2016

The U.S. continues its slow slog out of the Great Recession of the late 2000s. There are pockets of the U.S. thriving thanks to attractive workforces and reasonable business costs.

Forbes crunched the numbers on the 401 metropolitan statistical areas in the U.S. to gauge the best and worst business climates. The result is our 17th annual list of the Best Places for Business and Careers.

Raleigh, N.C., is second this year after ranking first in 2014. The Raleigh-Cary metro area is a steady performer, ranking in the top three of our Best Places list for more than a dozen years. Migration into the area has been the eighth fastest in the U.S. over the past five years as people gravitate to the area with large employers like corporate giants BASF , Biogen, Cisco Systems CSCO -0.49%, Fidelity Investments ,GlaxoSmithKline , IBM IBM +1.05% and others. All have a large presence in Raleigh or the nearby Research Triangle Park. These employers benefit from business costs 15% below the national average and a labor force where 44% hold a college degree.

For this ranking we looked at the 200 largest metro areas by population in the U.S. We rated them on a dozen factors related to employment, costs (business and living), income growth, quality of life and the education of the labor force. Forbes used data from Moody’s Analytics.

For more information on apartments in Garner, NC, right outside Raleigh, contact Abberly Place Apartments.

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Forbes


Buying Isn’t Always Better – Apartments in Garner, NC

Joseph Coupal - Friday, March 18, 2016

From the time we leave the family nest to live on our own, we are faced with this dilemma: Should I buy or rent my home?

Opinions abound, and even financial experts differ on the matter. The truth is there is simply no “yes” or “no” answer that covers every person. Add the fact that buying a home is one of the most emotional decisions we will ever make, and the decision become even less clear.

Sometimes, renting makes the most sense.

Many have studied the subject and advised a number of financial-planning clients in navigating this decision. What has been found is that the key issues can be addressed by answering two broad but critical questions:

  • What is your financial picture telling you? (Do the numbers make sense?)
  • What decision feels right for you at this time? (Which option will better support your life goals?)

FINANCES

To determine those answers, here are matters you should consider:

  • Debt-to-income ratio: Once you add all your debt payments, does your income allow you to afford buying a home and the ongoing payments needed? An important guideline is that your total debt payments should not exceed 40 percent of your income and all housing-related payments should be less than 30 percent of your income. These ratios determine how much house you can afford.

If you were to buy a home, would you exceed these ratios? If so, renting may still be appropriate for you until you have paid off debt or your income increases. You can still qualify for a mortgage if you are near or in retirement; however, expect to work closely with your mortgage company to find the right timing and strategy to avoid having so much wealth tied up in your home that you’re strapped for living expenses.

  • Down payment and emergency funds: Your emergency fund and down payment fund need to be separate pools of money; if you plan to buy a home, you should have both.

For your emergency fund, you need to have money to cover three to six months of expenses. One big reason to have this cushion is because now you will be responsible for any home repair or improvement costs.

Another consideration: Although you can probably qualify for a mortgage with just 5 percent down payment, making a 20 percent down payment can save you from paying private mortgage insurance (PMI) costs and will diminish your mortgage rate. On a $300,000 home, with a 30-year mortgage at a 4.25 percent fixed rate, the larger down payment of $60,000 (versus $15,000) brings a savings of $54,117 in mortgage insurance and interest over the lifetime of the loan.

  • Credit Score: Do you have a credit score higher than 700? You can probably qualify for a loan if your credit is below 700, but the higher your credit the more likely lenders will want to give you a loan at lower rates, and the most favorable rates go to those with a credit score of 750 and above.

PERSONAL CONSIDERATION

Now that you have some good financial guidelines to help you answer whether the numbers make sense, let’s look at the personal and emotional issues that can guide you to the right decision:

  • Five-year view: Where do you see yourself in three to five years? Generally, you should plan to stay in a home for at least four to five years in order to offset the purchasing costs. If you have major life transitions unfolding, it may be wise to wait until the dust settles and rent in the interim. How about your family goals?

Do you have a financially secure job in the area of town you love? Remaining mobile and flexible to relocate could open doors to rewarding career opportunities.

  • Other goals: How will your home purchase affect your pursuit of your other financial goals? If your primary goal is to travel the world before you settle down, you may want to rent for now.
  • Lifestyle: Is your lifestyle better suited to renting or owning?

While home ownership is part of the “American Dream,” does the reality reflect how you want to live? Do you enjoy being the “super” of the home, ready to fix, maintain, and pay for maintenance and repairs? Do the envisioned rewards of homeownership overpower the headaches of it?

If you’re nearing retirement — or already there — will owning your home be a source of comfort, or will it present more hassles and expense than you want to deal with? Depending on the monthly costs of maintenance versus the cost of renting, leasing an apartment or accessible townhome may be a better choice. Here again, emotional considerations can be key.

It takes courage to challenge the mainstream beliefs of homeownership, but if buying your home doesn’t bring you joy every day you live in it, maybe you should reconsider those plans.

Buying a home is as much an emotional decision as it is a financial one. Evaluate your full financial picture or work with a Certified Financial Planner professional to help you navigate your own numbers to determine what makes sense to you. Do this before you begin exploring homes for sale. Otherwise, you may find yourself in love with a home you can’t truly afford.

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

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miamiherald.com


Renting is Increasing in Popularity in the Suburbs – Garner, NC

Joseph Coupal - Friday, March 11, 2016

In the American imagination, suburbs are places to buy a house and put down roots. But a growing percentage of suburbanites rent, according to a new study.

About 29% of suburbanites living outside the nation's 11 most populous cities were renters in 2014, up from 23 percent in 2006.

The finances of home ownership since the mortgage meltdown might be a lead reason for the change, but the cost of renting also is rising in most of the biggest metropolitan areas.

"It's the extensiveness of the affordability problem that is notable," said Laura Bailey, Capital One's managing vice president of community development.

Still, the study shows some of the nation's biggest rental markets have become more, not less, affordable to their typical tenants. Some findings:

At Home — With Renting — in the Suburbs

Renting is still more common in big cities than their suburbs. But the gap is narrowing.

Nationwide, 37% of all households nationwide now rent, the highest level since the mid-1960s.

Why Is This Happening?

Experts attribute the renter surge partly to the foreclosures, financial struggles, stagnant incomes and tighter credit that followed the mortgage meltdown. Researchers also note the wave of young adults — often renters — in the large, so-called Millennial generation, though the Harvard study in December noted a majority of U.S. renters now are 40 and older.

For more information on renting an apartment in Garner, NC, a suburb of Charlotte, contact Abberly Place Apartments.

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www.nbcphiladelphia.com


Fastest Growing Retirement Spots – Raleigh, NC

Joseph Coupal - Friday, March 04, 2016

Most people retire near the place they spent their career.

Nationwide, the age-65-and-older population increased by 15 percent between 2000 and 2010. But many major U.S. cities are aging much faster than that. Some 31 metro areas have seen their senior-citizen populations increase by more than 25 percent over the past decade.

Raleigh-Cary, N.C.

The population of those age 65 and older in the Raleigh-Cary area has increased 60 percent over the past decade, the largest uptick of any metro area in the United States. There was an even bigger increase (97 percent) in the number of baby boomers between ages 55 and 64.

The suburbs of the nation's largest metro areas are aging faster than the cities. Baby boomers and seniors are now more likely to live in the suburbs than young families, and the child populations in many suburbs have decreased since 2000. Some 40 percent of the suburban population is age 45 and older, up from 34 percent in 2000. The baby boomers were the first suburban generation. They were born in the suburbs and came back after college and raised families there. Now the suburbs are aging with them.

Garner, NC is a growing community. Located about 8 miles south of downtown Raleigh. Garner residents are closer to downtown Raleigh than many Raleigh residents are, but we've retained the hometown atmosphere that makes Garner special. Garner has many amenities to offer. With over 350 acres of parkland, a thriving business economy, safe and beautiful neighborhoods, quality schools, great community events and all types of shopping and local entertainment venues, Garner has something for everyone.

But what really makes Garner great is the people and sense of community where everyone feels welcome. Garner is known for its neighborliness and spirit of cooperation. It doesn’t take a newcomer long to find activities that will engage their particular interest and help them meet great, interesting and caring people.

For information on apartments in Garner, NC, right outside Raleigh, contact Abberly Place Apartments.

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Information from garnernc.gov & US News-Money



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