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

It Takes Longer To Break Even When Owning Instead Of Renting

Joseph Coupal - Friday, September 08, 2017

Abberly Place, Garner, NCThe Breakeven Horizon from Zillow, which measures the amount of time a person needs to live in a home before buying is financially better than renting, has increased 20 days from a year prior to 1 years and 11 months in Q4 2016.

Zillow says that the slowdown of home value growth in pricey markets, many of which are on the coasts, has lengthened the breakeven point.

The Breakeven Horizon factors in growth in rents and home values, price-to-rent ratios, and mortgage rates.

It now takes an additional year and a half to justify homeownership to renting.

Driven by both a slowdown in home value growth over the past year and by continued slowdowns to come, the Breakeven Horizon has lengthened in many of the nation’s most expensive markets.

An expected slowdown in the pace of home value growth in a number of pricey, fast-moving markets means it may take longer going forward to break even financially when buying a home in those areas compared to renting it.

Zillow’s Breakeven Horizon estimates the number of years you would have to live in your home for buying it to have been more cost effective than renting it. Factors including expected growth in rents and home values, price-to-rent ratios and mortgage interest rates can all have a significant impact on the costs and benefits of renting versus buying.

Because home values are growing more slowly, it will naturally take longer to earn enough equity in a home to offset the very large upfront costs necessary to purchase a home.

Home values have rebounded strongly over the past several years, and in some areas are higher than they’ve ever been, so the question of whether or not it’s a good time to buy is becoming less obvious to many households as home affordability itself suffers. Thankfully, for most households, buying a home is not – and should not be – about timing the market and making a financial killing. It’s about deciding where and how to live, and knowing how long you’ll need to wait before making those decisions again.

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

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zillow.com


2017 List of Best Places to Live

Joseph Coupal - Wednesday, August 30, 2017

Abberly Place, Garner, NCU.S. News & World Report, the global authority in rankings and consumer advice, unveiled the 2017 Best Places to Live in the United States. The new list ranks the country's 100 largest metropolitan areas based on affordability, job prospects and quality of life.

When considering a move people are concerned about finding a job in their field, earning enough to afford a home, sending their kids to good schools and feeling like a part of their community. The Best Places to Live ranking takes all of that into account – the metro areas that do well are the ones with strong job markets and high quality of life.

The 2017 Best Places to Live were determined in part by a public survey of thousands of individuals across the U.S. to find out what qualities they consider important in a home town. The methodology also factors in data from the United States Census Bureau, the Federal Bureau of Investigation and the Bureau of Labor Statistics, as well as U.S. News rankings of the Best High Schools and Best Hospitals.

#7 in Best Places to Live - Raleigh & Durham, NC

Raleigh, Durham and Chapel Hill are known for their research/technology roots and collegiate rivalries. This tri-city region (known as the Triangle) is luring nearly 80 new residents a day with strong job growth and a high quality of life.

Many people who call the Raleigh and Durham metro areas home are young, friendly, diverse and educated. They enjoy dining out in local restaurants – many of which have earned national accolades – and gathering over craft beers in one of the region's many microbreweries. A strong sense of community is evident, as strangers are quick to provide a friendly conversation when standing in line at the supermarket.

Raleigh, Durham and Chapel Hill also encompass beautiful green spaces, family-friendly museums and a growing art and music scene defined by monthly gallery walks, summer concerts and music festivals like Hopscotch.

Rankings

U.S. News analyzed 100 metro areas in the United States to find the best places to live based on quality of life and the job market in each metro area, as well as the value of living there and people's desire to live there.

Raleigh & Durham ranks as # with an overall score of 7.2 out of 10.

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

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realestate.usnews.com


Moving To and Living In The Raleigh, NC Area

Joseph Coupal - Friday, August 25, 2017

Abberly Place, Garner, NCRaleigh’s Magnetic Southern Feel Vibrates from the Coast to the Plains. Thinking about moving to Raleigh Durham?

Living In and Around the Raleigh Area

The Raleigh-Durham metro area is located smack-dab in the center of North Carolina. Its largest and most prominent cities are Raleigh, Durham and Chapel Hill. Also called the Research Triangle, the Raleigh-Durham area is known for its diverse and well-educated population, and it's also home to some of the South's biggest colleges and universities. Raleigh-Durham is also one of the most important financial centers on the entire East Coast, making this a great place to live if you're a student or a young professional.

What’s the Cost of Living around the Raleigh Area?

If you're moving to Raleigh-Durham, you'll be happy to know that this region has a surprisingly low cost of living. When combined with average incomes that are several thousand dollars more than in the rest of the United States, living in the Raleigh-Durham area becomes even more advantageous. Just be aware that housing is relatively expensive, especially when you're living in Raleigh's more popular neighborhoods. Expect to spend at least $1,000 a month for a one-bedroom apartment and at least $1,200 for a two-bedroom apartment. Public transportation is sufficient for getting around if you live in Raleigh or Durham, and you can use the GoTriangle bus and rail system to go to most places. But if you're in one of the region's smaller towns, you'll probably want to keep a car.

Living in the Raleigh Metro Area

Since it's become such a prominent center for various industries, the Raleigh-Durham metro area has been growing every year. This region has also become a cultural mecca, complete with nationally acclaimed restaurants, numerous microbreweries and a burgeoning art scene. All of this combines to make Raleigh-Durham a wonderful place to live in. In fact, U.S News has even ranked Raleigh-Durham the #7 best place to live in the country in 2017. Whether you're moving to Raleigh, Durham or Chapel Hill, you'll be able to enjoy numerous parks, museums, art exhibits and music festivals without going very far at all.

Jobs & Employment in the Raleigh Metro Area

Recently, the Raleigh-Durham region has been thriving. The unemployment rate is less than 5 percent, which is slightly below the U.S. average. Plus, many employers have been flocking here in recent years, and the biggest industries are related to management, sales and administration. This region also has a relatively high amount of jobs relating to the computer and mathematical industries. So if you're moving to Raleigh to find a job, you'll be able to look into a vast array of various industries.

About Raleigh

Raleigh is one of the most prosperous cities in the country. This isn't only a great place to find work; it's also filled with fun things to do. While this urban metropolis has numerous attractions that you can visit all the time, it also hosts numerous festivals throughout the year. If you love seeing huge art exhibits, check out Artsplosure in the spring and Sparkcon in the fall. You can also get tickets for Shakori Hills Grassroots Festival or MerleFest if you're a fan of live music.

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

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forrent.com


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



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