Abberly Place Apartment Homes

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

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

Apartments Raleigh NC Blog

The 20 Best Places to Live in the U.S. – Raleigh, Garner NC

Joseph Coupal - Friday, September 02, 2016

Americans will move across the country for just about anything - be it a job, to be closer to a loved one, or just to get a little more sun. While the initial reason for a move to a new city will vary from person to person, the location's job market, affordability and overall quality of life are a few of the characteristics to consider before the movers are called. The 2016 U.S. News Best Places to Live rankings examine ta variety of factors, from job market to quality of life, that ultimately determine which of the country’s largest metro areas would be more suitable for more people.

#4 Raleigh-Durham

Thanks to the likes of Duke University's nationally and regionally ranked health system, the Raleigh-Durham metro area has exceptional health care quality and availability. In addition to Duke, North Carolina State University, University of North Carolina-Chapel Hill and more than a dozen other colleges in the area make it a hub for academics and college-age residents, helping earn the area its title as the Research Triangle. Raleigh-Durham also has the second highest population growth from net migration of those cities in the top 10.

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

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US News - Real Estate


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.

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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


Questions Millennials Need to Ask When Considering Rent or Buy – Garner, NC

Joseph Coupal - Thursday, July 28, 2016

Realizing or deciding it’s time to move to a new home is the easy part. From there, comes the choice to buy a home or to rent. This is where it gets difficult.

Basically, everyone has their own unique set of pros and cons to consider.

Ask the following six questions to help you in deciding whether to rent or buy.

1. How much money do you have saved up?

Start with an evaluation of your financial health. Figure out how much money you have for a down payment or deposit on a rental. Down payments are typically 5% to 20% of the price of the home.

Security deposits on rentals are usually about one month of rent and more if you have a pet. But be sure to keep enough in savings for an emergency. It’s a good idea to have three to six months of living expenses to cover unexpected costs.

2. How much debt do you have?

Consider all of your current and expected financial obligations like your car payment and insurance, credit card debt and student loans.

Make sure you will be able to make all the payments in addition to the cost of a new home. Aim to keep total rent or mortgage payments plus utilities to less than 25% to 30% of your gross monthly income. Recent regulatory changes limit debt to income (DTI) ratio on most mortgage loans to 43%.

3. How long will you stay?

Generally, the longer you plan to live someplace, the more it makes sense to buy.

Over time, you can build equity in your home. On the other hand, renters have greater flexibility to move and fewer maintenance costs.

Carefully consider your current life and work situation and think about how long you want to stay.

4. What is your credit score?

A high credit score indicates strong creditworthiness. Both renters and home buyers can expect to have their credit history examined.

A low credit score can keep you from qualifying for the rental you want or a low interest rate on your mortgage loan. If your credit score is low, you may want to delay moving into a new home and take steps to raise your score.

5. Have you factored in all the costs?

Create a hypothetical budget for your new home.

Find the average cost of utilities in your area, factor in gas, electricity, water and cable. Find out if you will have to pay for parking or trash pickup.

Consider the cost of yard maintenance and other basic maintenance costs like replacing the air filter every three months.

If you are planning to buy a home, factor in real estate taxes, mortgage insurance and possibly a homeowner association fee. Renters should consider the cost of rental insurance.

6. Location

That’s the adage most familiar to those interested in home buying, but renters also need to factor transportation costs into choosing where to live.

Studies suggest for every dollar a family saves on housing in an area that is more affordable, they spend 77 cents more in transportation.

Think carefully about your commute and how much household income will be required to meet both housing and transportation costs.

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

#HowYouLive
housingwire.com


Youth Prefer to Rent Apartments in Garner, NC

Joseph Coupal - Friday, July 22, 2016

As the apartment industry looks forward to the next decade, one thing is clear: The younger generations are taking over.

As Generation X ages (the oldest Gen-Xers are 50 years old now; the youngest are 33), the more populous millennials (ages 15-32) have become the focus of most demographic studies. It is this age group that is driving the housing industry – and will continue to do so for the next 10-15 years.

Apartment markets are benefiting from the millennial invasion, as their preferred lifestyle and financial situation combine to make renting more attractive than owning.

This age group of confident, connected, tech-savvy, multitasking high achievers and were tightly scheduled as children and want some sort of activity during all waking hours.

Studies have shown they want instant gratification and prefer to work hard and play hard. They’re not the workaholics the previous two generations were, but give 100%-plus during working hours and can juggle many tasks at once.

And they don’t want to waste their time commuting. That’s why millennials prefer a “work-live-play” environment that promotes the Class A, urban-core apartment properties that have been growing along skylines across America.

Millennials are not driven to own their own homes. The homeownership rate for the ages 25-34 age cohort was 40.4% in 2014, compared to the 20-year low overall rate of 64.5%. As more millennials graduate from college and join the workforce, the cohort’s homeownership rate is forecast to fall below 40% through 2017, then rise to 41.7% in 2020 – still more than 300 basis points below the long-term average.

As has been well-documented, this group, comprising the oldest millennials and very youngest Gen-Xers, are starting families later, still must repay college loans and face stricter mortgage-underwriting guidelines.

The 25-34 group also is more mobile and less eager to be tied down. The time they spend inside their residence is meager.

Finally, they’re skeptical about owning, and they might be the first generation to believe that homeownership is not the American dream any more. They might have seen their parents, older siblings or friends’ parents lose their homes to foreclosure when the housing bubble burst and might not see housing as an investment.

These factors contribute largely to Axiometrics’ forecast that apartment occupancy will remain close to 95% through 2020, while effective rent growth averages just less than 4%.

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

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Forbes


Not Only Millennials are Renting Apartments in Garner, NC

Joseph Coupal - Thursday, July 14, 2016

Renters are getting a little older these days.

Rental applicants tend to conjure up images of recent college grads looking to start their life in the real world. But Millennials are being joined as renters by people who have already spent decades in adulthood, and may have better credit and higher income.

Since 2005, there has been an uptick in renters, with people in their 50s and 60s making up the largest chunk of the increase.

In fact, the majority of all renters are currently 40 or older.

There are many reasons that the renter population includes a growing number of Gen-Xers and Baby Boomers.

The 2008 housing collapse that led to a wave of foreclosures has turned some people off to homeownership. The tight credit market can also hinder renters from securing a home loan.

Plus, not everyone wants to be a homeowner in their golden years, and the decision to trade a mortgage for a lease is about a new lifestyle, especially for empty-nesters.

Seniors are leaving their homes and renting in a much more urban-type settings from the suburbs to be part of the activities and be mixed in with people of all ages. It gives them something to do if the kids are gone, or their spouses.

The apartment amenities that come in new rental buildings and their units are appealing to older renters. They have everything they need in their building.

Renting also gets rid of the responsibilities that come with home ownership, which can become burdensome as owners age.

It's about portability. They want to travel and don't want to be burdened by house payments and expenses and upkeep.

Some older homeowners are also cashing in on the recent rise in home prices.

They want to take advantage of getting equity out of their home now, and not wait until they actually retire to move into the city and get a cool apartment.

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

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CNN Money


In Garner, Raleigh, NC Your Paycheck Goes Farther

Joseph Coupal - Friday, July 08, 2016

Are you considering relocating for a job or for a place where the dollar goes further? You may be wondering which major cities are providing employees with the most favorable combination of wages and cost of living.

Well, Forbes has published a list of the top 25 Cities Where you Paycheck Goes Furthest. To determine this list, job search and salary comparison site Glassdoor considered cost of living as determined by the ratio of median base salary to housing. Median annual base salary for each metro is based on a minimum of 1,000 salary reports shared by employees in that metro on Glassdoor over the past year, April to April.

No. 25 Raleigh-Durham, North Carolina
Median base salary: $62,000

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

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Forbes


Duke on the List of Highest Salaries After Graduation

Joseph Coupal - Thursday, June 30, 2016

College is an investment, so which schools make sure you get a return? With college costs and student-debt levels reaching an all-time high, it’s important–we’d argue necessary–to think about which schools produce the highest earning alumni. For some this is a practical matter, with big earnings as a path to quickly pay off any student loans. For others, it is a matter of life ambition to move up the financial and social ladder. FORBES researched and rounded up a list of the top 25 colleges where graduating students go on to earn the highest mid-career salaries, meaning they have worked for at least 10 years.

16: Duke University, Durham, NC

  • Mid-Career Earnings: $92,350
  • Overall Best Value Rank: No. 31
  • Top College Rank: No. 22

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

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Forbes



Abberly Place Apartment Homes

500 Abberly Crest Boulevard, Garner, NC 27529

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

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

$937-$1,361