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

Apartments Raleigh NC Blog

More are Considering Renting – Garner, NC

Joseph Coupal - Friday, December 16, 2016

Abberly Place, Garner, NCIf you are planning to rent a home, expect some extra competition. A new survey from real estate marketplace Zillow shows more potential homebuyers, perhaps growing frustrated at the lack of available homes, are considering renting instead.

That means consumers who have no alternative but to rent will go head to head with consumers who have the means to buy a home but have decided to keep their options open and rent a place for a while longer.

Zillow has broken down the ins and outs of the typical home search. For those who want to rent a place, it now takes an average of 10 weeks to find a home to rent. It takes two weeks longer if you're looking in a tight rental market.

But for those who plan to buy a home, the average search takes 17 weeks, in part because rising prices have pushed more homes out of range and the overall decline in inventory means there are fewer homes to choose from. Most consumers who recently moved into a new home, regardless of if they rent or own, considered both buying and renting before settling on one or the other.

Continuing to rent an easy option

Just how tough is it to buy a home these days? The Zillow survey found more than half – 54% – of buyers lost the first home on which they made an offer. For many of these buyers who were renting at the time, continuing to rent became an easy option.

"The line between renting and buying is blurry, and that's a sign of the times," said Zillow Chief Marketing Officer. "It's difficult and time-consuming to find a home to move to, especially in competitive housing markets.”

Keeping rental options open can be a savvy strategy in today's housing market. Renting while still looking to buy allows him or her to avoid settling for a less-than-desirable home.

Still hard to buy, but for a different reason

After the financial crisis more people rented because they simply couldn't qualify for a mortgage under the new, suddenly tighter lending standards. Now that more people can afford to buy, there are fewer homes to purchase.

Zillow notes that renters now make up a larger group of the U.S. population than at any time in the last half century.

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

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Consumer Affairs


Even People with High Incomes Prefer to Rent – Garner, NC

Joseph Coupal - Thursday, December 01, 2016

Abberly Place apartments, Garner, NC“Rent, don’t buy,” may be the new mantra among higher-income Americans. A study of U.S. Census Bureau data discovered much greater growth in renting versus buying among wealthy people.

Here’s a key set of numbers from the study: “From 2005 to 2015, the number of renter households who earn more than $150,000/year increased by 217 percent,” while there was only an 82 percent increase in the number of homeowner households within the same income bracket.

After the real estate crash in 2007 and 2008, many people switched from owning their own homes to renting, whether that was their plan or not. You might think richer people would see the opportunity and snap up properties at bargain prices that less well-off people either couldn’t afford or couldn’t qualify for. However, that doesn’t appear to be the case, based on the analysis of the census data. “We also noticed that every single year since 2009, the largest increase in U.S. renter households came from high-income earners,” the study concludes.

The numbers mentioned so far have been based on percentage increases, which can be misleading because total numbers may look different. But even absolute numbers show the same trend of high-income renters, especially in cities where renter increase rates are much higher than average.

Nationwide, there are seven times more homeowners than renters in the upper-income bracket. Overall, renters account for more than a third of U.S. households, with most earning less than $50,000 annually. What the study found was signs of a shift among higher-income households in favor of renting urban luxury apartments rather than a house in the suburbs.

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

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yahoo.com/tech


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


The Economics of Renting and Buying - Glen Allen, VA

Joseph Coupal - Thursday, October 20, 2016

For those who are debating the buy vs. rent question, here five things you need to know before you decide if you should buy or rent:

How long you plan to stay matters: It takes at least 5 years to recoup the closings costs of buying a home

Location, location, location: The age-old adage holds true in this debate. In some places renting can be a better deal than buying, so do your research

Know about the hidden costs for both: Hidden costs of owning include closing costs, insurance, maintenance, stress. Renting costs include moving expenses

Tax deductions are not guaranteed: Homeownesr do get a variety of tax deductions, which can offset the cost of owning, including mortgage interest to property taxes. But, be aware that as politicians try to fix the U.S. housing problems, some of these deductions may disappear

Money: Know how you plan to pay and consider how much of a down payment you can afford to make and how good your credit score is. Buying may seem like a good way to accelerate adulthood but if your income could change, you may not be ready

Interested in renting an apartment in Glen Allen, VA? If so, contact Abberly Place Apartment Homes.

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CBS News


Raleigh, Garner, NC: A City Where Your Paycheck Stretches Farthest

Joseph Coupal - Friday, October 14, 2016

Interested in making sure that a large portion of the money you make stays with you and isn’t lost to cost of living? You might want to look into moving to a city like Raleigh, NC, which came in number 25 on the list of 25 Cities Where Your Paycheck Stretches the Farthest.

Stretching your paycheck is a major concern for many looking to live in a cosmopolitan urban sprawl. To showcase cities where paychecks make up a bigger portion of median home costs (usually the largest expense folks have to deal with in their lives), jobs and salary information site, Glassdoor.com, released a study of the most economical cities to live in.

25. Raleigh, NC
Cost of Living Ratio: 30%
Median Base Salary: $62,000

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

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Forbes


Raleigh, Garner, NC: A Great Place to Rent!

Joseph Coupal - Friday, October 07, 2016

If you’re looking to move someplace adventurous but aren’t quite ready to settle down and buy a house, then it’s time to choose a great new city where apartment rent happens to be cheap.

And whoa, do we have a some stellar options for you.

Real estate site Housely recently did some research on large U.S. cities (aka cities with more than 200,000 residents) with the cheapest apartment rents. They used data from search engine RentJungle, which updates a database of more than 700,000 listings daily to draw conclusions about rental trends over time.

The Housely findings reveal good news: Many of our favorite under-the-radar cities to visit are also incredibly affordable to live in (Hellooo, Richmond), along with some unexpected picks that are spectacular, too (Hey Las Vegas!).  If you feel like making a move, then it just may be time to make one of these cities your new home. Check out Housely’s 10 big cities with low rent below:

Raleigh, NC
Average rent for one-bedroom apartments: $915
Average rent for two-bedroom apartments: $1,113

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

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huffingtonpost.com


Benefits of Buying or Renting - Garner, NC

Joseph Coupal - Friday, September 30, 2016

This is an increasingly common question. Most families think that rent money is “thrown away.” This belief is often quite wrong.

When you add up the cost of owning a property is at least eight percent of the total cost of the home. This is true regardless of whether you pay cash or finance the entire amount (if you use your own cash, there is an “opportunity cost” of not having it invested and making money elsewhere). One way or the other, you are laying out thousands a year to live in a house you own.

From a strictly financial viewpoint, if the cost to rent is less than the cost to own, renting is just fine. If you can rent that half million dollar house for twenty five hundred dollars a month (thirty thousand a year), you can assume the owner is paying you ten thousand a year to live in their residence.

A girl in New York City who is paying $2,400 in rent for an apartment that sells for over $800,000. That is a rental bargain.

What are the downsides of renting? Well, if the rental cost is more than ownership, it might be better to own (not always, see below). If you don’t want to take the chance of being forced to move, then renting may not be for you. Renters lose out on the appreciation of home prices. But we’ve seen over the last decade that residential real estate tends to be a lousy investment (even over the long run). Another downside is that rents tend to increase every year, whereas technically a mortgage should not. However, many mortgages do indeed increase in cost with inflation and time, and the other costs associated with ownership (repairs, maintenance, insurance, property taxes) inexorably rise.

What are the upsides of renting? Certainly the financial advantage discussed above. Another reason is that it gives you the flexibility of living in an area without being tied down. It is not unusual at all for a family to decide to live in a different town or at least a different area of a town after first moving there. Consider the value of calling the landlord when something is broken as another powerful incentive to rent instead of own.

The point is that we should not reflexively think that renting is a mistake. For many, it makes great sense. For more information on apartments in Garner, NC contact Abberly Place.

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floridatoday.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