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

Baby Boomers are Renting and Loving It - Garner, NC

Joseph Coupal - Friday, April 29, 2016

The United States is increasingly a nation of renters — the share of rental households is at a 20-year high, a recent Harvard study found. Some of today's renters cannot afford a house and have no choice while others are in the younger age groups that traditionally make up a major part of the rental population.

But older adults represent an increasingly common breed of renter — those in their later years who could afford to own but prefer to rent. People 55 and older now account for 42 percent of the growth in U.S. renter households. One of every three new renter households has a high enough income to afford a home yet has opted to rent.

We're seeing in many new apartment communities that a large percentage (of tenants) have been baby boomers who are moving out of a large home or moving away from home ownership. It's really not surprising — 10 years ago that's all we talked about, the baby boomers, and now that's actually coming to fruition.

Meanwhile, as boomers join millennials as renters in big numbers, home ownership has dropped to its lowest level since 1989. It now stands as 63.7 percent, down from 69.1 percent near the peak of the real estate bubble.

A large part of that decline is due to people who lost their homes in the crash. But it is also due to financially comfortable couples.

Retired folks make a good profit selling their homes. With kids out of college and working elsewhere, many decide they no longer needed a big family home with a pool they did not use and a lawn they were tired of cutting.

Also, many are tired of driving every time they want to go out to eat. Many want to live in cities or areas with a downtown.

After deciding to sell, there is another hard decision: Buy again or rent? If they buy a condo there would be property taxes, insurance and monthly association fees. If they paid cash, they would no longer have that money to invest.

Times have changed, and it's not guaranteed any more that you're going to make money in real estate.

Many rent a 1 or 2 bedroom apartment. They figure they are earning enough on their investments — including the money they kept by not buying — to essentially live rent- free for now. They also have greater flexibility than if they owned.

They may not stay put for more than five years. They may decide to go out to the West Coast to get out of the heat. There is no hassle of ownership.

Many like the freedom of renting. They don't want to be tied down.

Whether they rent or buy, older people pondering a move need to consider many factors — their lifestyle, their interests, their medical needs.

If buying to be close to grandchildren, people should think about what happens if the kids' parents decide to move. Maybe you're not sure if your son is going to stay in Chicago or move to San Diego, then what would you do?

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

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tampabay.com


Most Educated Cities – Raleigh, Garner, NC

Joseph Coupal - Friday, April 22, 2016

Which cities are the bulk of the nation’s most educated calling home these days?

To determine the Most And Least Educated Cities In America, financial site WalletHub took a look at the 150 largest metros in the U.S. and ranked them according to nine weighted metrics, including percentage of adult residents with a high school diploma, associate’s degree, graduate or professional degree, or above; public school system rankings; average quality of universities; and differences between percentages of black and white B.A. holders and male and female B.A. holders.

No. 10 Most Educated City: Raleigh, North Carolina

Raleigh is known as the City of Oaks for its many oak trees. The capital city is part of North Carolina’s Research Triangle, one of the country’s largest and most successful research parks and a major center in the U.S. for high-tech and biotech research. The surrounding area is home to a number of colleges and universities including Duke University, North Carolina State, University of North Carolina at Chapel Hill and Wake Forest University.

These schools have a notable economic impact on the area. The North Carolina Museum of Art, occupying a large suburban campus on Blue Ridge Road near the North Carolina State Fairgrounds, maintains one of the premier public art collections located between Washington, D.C. and Atlanta.

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

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Forbes


Best Cities for Young Professionals - Raleigh, Garner, NC

Joseph Coupal - Friday, April 15, 2016

Recent college graduates face better job prospects these days than they did in the midst of the Great Recession–but they also are typically saddled by debt. Seven out of 10 graduating college seniors had student loans in 2014 (latest data available), with average debt loads of $28,950, according to the nonprofit Institute for College Access & Success.

That’s why new grads–as well as young professionals only a few years out of school–would be wise to consider carefully where to start their careers. To find out which cities offer the best overall prospects for college-educated workers with five years of experience or less, we crunched data on job growth, unemployment rates, pay and cost of living in America’s largest 100 metro areas. The result is our 2016 list of The 20 Best Cities For Young Professionals.

The cities that made our list generally fall into two categories. The first is job-heavy economic powerhouses where the pay is high and the cost of living is too.

When it comes to starting a career, everything is a trade-off. Workers need to consider which places make the most sense for their particular industries and career paths. But they also should look realistically at what pay v. cost-of-living trade-off they’re willing to make.

Raleigh, NC came in #3 on the 2016 list of Best Cities For Young Professionals.

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

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Forbes


Garner, NC is One of the "Best Cities" in North Carolina

Joseph Coupal - Friday, April 08, 2016

As a part of Movoto Real Estate’s ongoing goal to uncover our nation’s finest cities, from the best places to live or simply watch a movie, to the best cities in our country in general, we are going state by state and giving it to you honestly.

Which is fitting for today’s state, North Carolina, whose state motto, “Esse quam viederi” means “to be rather than to seem.” North Carolina is nothing if not real, down to earth, and honest to goodness great place to live.

How did we come up with these 10? Keep reading to find out just how we came up with our list and why each city made it to the top.

Here’s How We Did It

In order to come up with our Top 10 Lists, we rely on certain criteria to objectively rank each city in order from best to worst.

We started with a list of the 50 most populous municipalities (cities, towns, villages, and Census Designated Places) in North Carolina and ranked them from one to 50 in each of the criteria above, with one being the best. Then we averaged the numbers for each criteria and gave them an overall Big Deal Score—the lower the number, the higher it ranked.

5. Garner

After garnering the information about this town just outside of Raleigh, we realized just how big of a difference a lower cost of living can make—in choosing a place to live and in making our list. Garner’s cost of living is 5 percent lower than North Carolina’s average, making it the least expensive spot on our Top 10.

Garner also scored well on its number of churches per capita—a whopping 32 for its small population of 26,732 people. And if you’re not at church on Sunday? Head over to Angie’s Restaurant for some brunch. (Both a factor in Garner’s amenities’ score.) Residents can certainly afford to treat themselves with a median household income 37 percent higher than the rest of the state!

To sum up in the words of Mayor Ronnie Williams: “It’s no surprise that Garner has won this latest accolade, which comes on the heels of being named an All-America City. With our great parks and cultural arts scene, and our nationally recognized schools, Garner is truly a great place to live and raise a family. We have a low crime rate and impressive range of housing options at various price points. Plus, we’re only 10 minutes from downtown Raleigh, which has great restaurants, performing arts venues and special events throughout the year. You just can’t beat Garner.”

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

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movoto.com


Best States for Business - Garner, NC

Joseph Coupal - Friday, April 01, 2016

Americans want change. They are fed up with real personal incomes barely climbing each year and with the share of unemployed and underemployed workers still north of 10%.

But there are parts of the U.S. that are thriving thanks to strong workforces, low business costs and pro-business regulatory environments. With that in mind, Forbes embarked on its annual look at which states have the best business climates.

Forbes’ Best States for Business ranking factors in 40 data points across six main areas: business costs, labor supply, regulatory environment, economic climate, growth prospects and quality of life. Business costs, which include labor, energy and taxes, are weighted the most heavily. We added several new criteria this year, including the number of millennials as a percent of the population. We relied on 14 data sources.

North Carolina moves up one spot to rank second, and North Carolina is the only one to appear in the top five every year of our Best States study. North Carolina has the smallest union workforce in percentage terms in the U.S., which keeps costs down. Labor costs are 10% below the national average and fifth lowest in the U.S. The state also boasts a strong labor force and business-friendly incentive, legal and regulatory environments.

North Carolina attracted more new facilities and expansions in 2014 than any other state. The influx has continued in 2015 with multiple major expansions. Novo Nordisk  announced plans in August to invest more than $1 billion for a bio-manufacturing facility and more than double its workforce in North Carolina with an additional 700 jobs.  A month earlier software firm Interactive Intelligence detailed plans to create 200 new jobs in Durham. Both companies cited the benefits of the Research Triangle Park area with its wealth of technical talent and strong universities.

Best States: #2 North Carolina
2014 Rank: 3
Gross State Product: $483 billion
5-yr annual GSP growth: 1.4%

North Carolina has the lowest union workforce in the U.S. at 1.9%. The low rate contributes to labor costs that are 10% below the national average.

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

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Forbes


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


Reasons It's Finally Time To Live In An Apartment in Garner, NC

Joseph Coupal - Thursday, February 25, 2016

The establishment of North Carolina’s Research Triangle Park was aimed at reversing the “brain drain” of graduates from the area’s top research universities seeking science and engineering jobs in the Northeast and elsewhere.

Beyond providing jobs for North Carolinians, the expansion of IBM into the Park set the stage for an influx of highly-trained workers attracted to the state’s moderate climate and inexpensive housing on large, green lots.

With the weather allowing near-year-round golfing, one will still hear the lifestyle descriptor, “Tees, trees, and PhDs.”

It’s no surprise now that the Park is now home to 170 companies.

The sprawl of cities across the three cities that comprise “the Triangle” – Raleigh, Durham, and Chapel Hill – made RTP a work destination for nearly 40,000 people who would then spend most of their earnings near their homes. Why not? RTP is such a central location: 9 to 11 miles from downtown Durham, 12 to 14 miles from the center of Chapel Hill and the University of North Carolina, and 18 to 21 miles from the state capital of Raleigh. Plus, RTP’s early development plan never included housing or retail.

Over the last decade or so, the downtown areas began attracting young professionals back to the cities with redevelopment of old warehouses, mixed-use developments, and a revitalized arts, culture, and restaurant scene. A market began to emerge for more dense and convenient living that continues to expand.

Living and light rail?

The foundation that manages central North Carolina’s 7,000-acre research and technology park acquired a central, 100-acre parcel that is the geographic and figurative center.

The area will also include humanities attractions. Yes, an attempt to make RTP not just a place to live and work, but a place to go.

There is also an anticipated $2 billion in investment with the potential to add up to 100,000 new jobs to the Park. The plan also includes a long-overdue rail path that will connect Park Center with the three vertex cities of the Triangle.

Many predict that Park Center and the other Research Triangle Foundation development plans will work.

Why?

  1. People *love* Research Triangle Park.
  2. Some people who made it in the Park are now older and richer.
  3. A truly central location.
  4. Beautiful environs and existing bike and exercise paths.
  5. The young energy is already coming there after work hours.
  6. Low hassle factor for anticipated cultural events.
  7. People will really live in RTP if they can.

For a convenient and luxurious place to work, click here for more information on apartments in Garner, NC down the road from Raleigh and the Research Triangle.

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Forbes



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