Abberly Place Apartment Homes

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

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

Apartments Raleigh NC Blog

Questions to Ask When Considering Renting or Buying – Garner, NC

Joseph Coupal - Friday, August 26, 2016

The decision to buy a home is one of the biggest financial investments you’ll ever make.

While many consumers believe buying a home is a good decision, it’s not always easy to know when the time is right to take the leap.

Choosing to become a homeowner takes not only a financial commitment but also the emotional maturity; it needs to suits your lifestyle and your budget.

1. How Do Home Prices and Rents Compare in Your Community?

While it’s easy to compare rental prices, when you look at the cost of buying a home you need to include not only your mortgage principal and interest payments, but also homeowners insurance, property taxes and possibly a condominium or homeowner association fee.

2. Are You Emotionally Ready To Buy A Home?

One of the benefits of renting an apartment is that you typically only commit to a lease for one year. If you’re buying a home, you’ll need to choose a neighborhood and a home where you want to live for the next several years while you recoup the cost of buying and build equity.

3. Do You Have a Five-Year Plan?

While no one knows with absolute certainty what will happen over the next five or 10 years, if your plans include switching careers or moving out of state, you’re probably better off renting. If you plan to start a family in the next few years, you should take that into consideration when developing a budget.

4. Are You Ready to Take Care of a Home?

Along with the joy of decorating your home and changing it to meet your needs, you need to budget at least 1 to 3 percent of the home price each year for repairs. Whether you can handle work yourself or need to hire contractors, you should be prepared for the time and expense of maintaining your property so that it can keep its value and avoid more costly repairs in the future.

5. Do You Have Any Savings?

While there are loan programs available to some borrowers with a down payment of 3.5% and sometimes less, you’ll need some cash for a deposit, a down payment, closing costs and an emergency fund when you buy a home.

6. What Does Your Credit Profile Look Like?

Request your free credit report. For a small fee you can get your credit score. Lenders typically require a minimum credit score of 620 or 640 and higher for government-insured loan programs, but for the lowest mortgage rates you need a credit score of 740 or above.

7. What Can You Comfortably Afford to Spend on a Home?

You can have a free consultation with a mortgage lender to find out how much you can borrow to buy a home, but you should develop your own budget to determine how much you can spend on your housing payment while still being able to pay your other bills and save for the future.

Your answers to these questions can help you make the right choice and determine if you’re ready to buy now or need to wait a little longer.

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

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realtor.com


Median Home Prices in Raleigh High than Nation - Garner, NC

Joseph Coupal - Friday, August 19, 2016

The Triangle's median home prices experienced increases from last year, beating the nation's median home prices, which reached a new all-time high in June 2016, according to new data.

The United States' median home prices are 1 percent above the previous peak in July 2005, following 52 consecutive months of increases, according to the data released by ATTOM Data Solutions, the new parent company of RealtyTrac. Single-family homes and condos across the nation sold for a median price of $231,000 in June 2016, up 6 percent from May and 9 percent from a year ago.

Raleigh had median home prices higher than the national median price in June, at $240,000, up 4 percent from $230,000 from last year. In Durham and Chapel Hill, the median home sales price was even higher at $307,000, with 277 counted sales.

Daren Blomquist, senior vice president of ATTOM Data Solutions, said the all-time high home prices nationwide are being enabled by historically low mortgage rates. “It is likely that some of the most interest rate sensitive local markets will see home price appreciation knocked down when the low rate rug is finally pulled out from under the housing recovery,” he said. “We are seeing signs of weakening appreciation in many bellwether markets already in spite of the rock-bottom rates.”

Raleigh home sellers experienced gains in June 2016, with average seller gains of $41,915 in June 2016, up 35.6 percent from $27,000 in June 2015. Homeowners in Durham and Chapel Hill also made profit as the average seller gain was $31,000 in June 2016, up 138.5 percent from $13,000 in June 2015.

According to CoreLogic, a California-based corporation providing financial, property and consumer information, cash sales accounted for 32 percent of all home sales in April 2016, down 2.8 percentage points year-over-year. Prior to the housing crisis, cash sales share of total home sales averaged approximately 25 percent. CoreLogic predicts that if the cash sales share continues to fall at the same rate it did in April 2016, the share will hit 25 percent by the middle of 2018.

Cash sales in Raleigh were up for the month of April, with a 1 percentage point increase compared to April 2015 and higher than the national rate. In North Carolina, cash sales were 23 percent of total sales.

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

#HowYouLive
bizjournals.com


Benefits of Downsizing - Apartments in Garner, NC

Joseph Coupal - Friday, August 12, 2016

Have you noticed that there is a new push for simplifying the way we live?

Homeowners are realizing that “living large” doesn’t always mean bigger is better. In fact, there are many benefits to downsizing to a smaller home. Rest assured there is a benefit to decreasing your home size.

If you love saving money, energy, resources and enjoy saving time on upkeep, these are just a few of the benefits of living a “cozy life”.

Save money on frivolous living

Let’s face it, the more space you have, the more you feel like you need to fill every corner.

One of the beauties of downsizing your home is the ability to stop wasting money on furniture, electronics, appliances and home items that are used to fill space rather than to fulfill a function.

Downsizing into a smaller home will you help you to prioritize your life and only bring what is necessary in your new home.

Save energy when downsizing to a smaller home

From heating and cooling costs to water use, it costs a lot to run a large home.

A smaller home will give you the added benefit of reducing your family’s carbon footprint. Meanwhile, you will enjoy a lower energy bill in the warmer and cooler months.

Enjoy the benefits of smaller living

Many homeowners agree that living in a larger home leads to greater stress.

There’s general cleaning, maintenance, furnishing, outdoor upkeep, energy costs and land tax — all of these factors can add stress.

Downsizing your home can be the first step to a minimal and streamlined life. You will be surprised how reducing your daily chores and maintenance by living in an apartment in Garner, NC will free up your time for leisure activities, spending time with your family, getting more rest, and loving your home more.

Downsizing can free up your lifestyle for traveling

From ensuring security systems doors and windows are properly monitored to monitoring exterior lighting and keeping your grounds up, traveling can often be a burden when you have a large home.

If you decide to downsize, traveling can be less of a hassle, especially if you downsize to an apartment from a stand-alone house.

For many homeowners, downsizing their home can be a new chapter. It can represent a way to start a new life.

Consider opting for an apartment that could have less upkeep and can handle maintenance of the grounds and other amenities, leaving you with more spare time.

Downsizing your home will you get rid of the clutter and will help you organize only what is essential.

For more information on 1 and 2 bedroom apartments in Garner, NC contact Abberly Place.

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royalgazette.com


Raleigh, NC is #14 Most Charming Capital City - Garner, NC

Joseph Coupal - Friday, August 05, 2016

There is little that is more charming than the feeling of the history of the past and the excitement of history in the making. For these reasons, our state capitals always have a special appeal that draws in the attention and pride of their entire state.

While every state capital has its share of charm, we were curious which one was the most charming. Using our Charm Index, we analyzed the charm scores of the capital cities of every continental state and threw Washington D.C. onto the list for good measure.

The Charm Index scores how charming streets and neighborhoods are using data on:

  • •The affordability of local businesses
  • •The ratings of nearby businesses
  • •Are they locally-owned? - are they corporate chains or local boutiques?
  • •How active the residence is and the density of nearby gyms, bike tracks, parks, etc.
  • •Crime statistics

The Charm Index stems from the belief that a charming neighborhood is created from flourishing local business combined with a residence that feels safe, is active, and has many opportunities to interact with other residents. Local shops such as bookstores, theatres, and restaurants that receive high ratings by residents tend to create very charming atmospheres, call us crazy. Meanwhile, neighborhoods that are not as charming have a higher percentage of chain stores, pawn shops, strip clubs, credit loan stores, crime, and do not have access to community institutions such as parks, town halls and flea markets.

Using the charm scores of every street for every capital, we found the overall charm score for each. Those that ranked highest received high charm scores across their entire city while those that ranked lowest had much fewer charming pockets. However, every city has its own pockets of charm, so we included information on which street and neighborhood is the most charming in each city.

How did your state capital fare?

#14: Raleigh, NC with a charm index of 72.82. The most charming street is Halifax Street.

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

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rentlingo.com



Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529

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

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

$937-$1,361