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

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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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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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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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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You Think You Are Ready to Buy a House?

Joseph Coupal - Friday, June 02, 2017

Abberly Place, Garner, NCLet's say you're a veteran renter and you're thinking you want to start building value in a home of your own and the thought of buying a house is becoming more and more tempting.

Should you do it?

It depends. Homeownership isn't a sure path to building wealth if you're using a mortgage like most homebuyers do. The truth is: You'll be paying a lot and not getting anything in return in the form of mortgage interest, mortgage insurance, property taxes, property insurance, homeowners association fees and home maintenance. All of that money simply vanishes – the only part that actually builds wealth for you is the tiny fraction of your mortgage payment that goes toward your balance.

There are actually many financial and life situations where renting is by far the better deal, just as there are many financial and life situations where buying is the better deal.

One great step to take is to use a "rent versus buy" calculator. It's a spectacular tool for helping you run the numbers and figure out if you're ready to buy a home on paper. But on paper is just part of the story. Are you really ready for homeownership? Do the realities of your life make you ready?

Ask yourself these questions before deciding to buy a house.

Q: Are you planning to live in the area long term?

During the first few years of a mortgage, homeowners build very little equity in their home. The portion of their mortgage payment that actually goes toward the principal of their mortgage is tiny, meaning that after a few years, you still only own a tiny fraction of your home.

Thus, if you're only planning on living in the area for a short while, at least 5 years, you're almost always better off renting. The value of home ownership doesn't reveal itself until you've lived there for a while.

Q: Am I able to save a significant amount each month for a down payment?

Homeownership comes with many more costs than does renting. As a renter, virtually your only bills for your living space include rent, utilities and renters insurance. If you're a homeowner, you're contending with your mortgage bill, mortgage insurance, property taxes, homeowners insurance, homeowners association fees and all of the maintenance costs that come with a home.

If, as a renter, your financial state is so tight that you're unable to save much each month for a down payment, then the costs of homeownership would likely stretch your budget substantially beyond what you can afford. The ability to save a significant amount each month for a down payment is a great litmus test as to whether your finances are ready to deal with the costs of homeownership.

Q: How will my commuting costs change?

Quite often, you'll find people who are renting properties that are fairly close to where they work, but then buy a home that's far from work.

If buying a home means you'll no longer be able to walk or bike to work, your commuting costs are about to skyrocket. Even if you can take mass transit from your new location, you're still going to be footing the bill. Your reliance on a car may now go up, if your move puts you farther from grocery stores and other necessary amenities.

Include the cost of transportation changes in your calculations or else you may find yourself in a very rough spot.

Q: Am I overreaching?

Even after thinking through these questions, people still often fall in love with a home that's simply beyond their budget. If they dive in, they may find themselves walking the tightrope for many years as they deal with the burden of an enormous mortgage and high additional expenses.

Yes, this can pay off if everything goes perfectly, but when is life perfect? If you're buying for the first time, you're far better off in a reasonably priced home that will still grow in value while giving you some financial breathing room as you learn the ins and outs of being a homeowner. You can certainly jump to the "dream home" later, but don't make it your first move after renting.

Q: Do I have the time?

If you constantly find yourself pressed for time as a renter, it's not going to get better when you move into a house that has maintenance and lawn care needs, which you'll be solely responsible for.

Does your current schedule afford you the time to deal with tackling home repairs, mowing the lawn and tending to the greenery? If not, you should be very careful when you consider moving into a home, particularly one that belongs to a homeowners association.

Homeownership can be a very expensive proposition and it's easy to make big missteps early on by jumping in before you're financially ready. Take the time to make the right choice when it comes to the biggest financial decision of your life.

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

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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