Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169
Call: (866) 933-5853 (803) 936-1012 Email Usabberlyvillage017@myltsmail.com View Map

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

West Columbia SC Apartments Blog

Should You Buy or Rent After College? – West Columbia, SC

Joseph Coupal - Wednesday, September 21, 2016

With school finally over and a steady income coming in, it's tempting to put that money toward a house. However, buying a home isn't necessarily the best choice for all people. Unless you have a hefty down payment already saved up, and you plan to be in the same house for a while, renting may still be the better option.

Many think you're not building equity when you don't own a home.

But equity isn't everything. The cost of renting is more predictable. You're not on the hook for unexpected repairs, and you also don't have to dedicate as much time, or money, to such tasks as maintaining a lawn. In the meantime, you can be socking money away for a down payment on your dream home when the time is right.

How Long Will You Live in the House?

Experts agreed that if you'll stay in the same location for a very short time, renting makes more sense. Many feel that 5 years is a minimum to consider buying a house.

The length of time matters, in part, because buying or selling a home can be expensive. If you buy a home every few years, you'll incur those extra costs every time. A person should budget 10%-15% of the price of the house for closing costs and real estate commissions, plus miscellaneous expenses, such as buying new furnishings.

Staying in the house for a longer time also protects you somewhat from a potential downturn in the real estate market, during which the value of your house might be less than what you owe when you try to sell it.

Even if you know that you'll live in the area for many years, that's not the same thing as staying in the same house. "A lot of people, when they get a bump in salary, want a nicer house than what they could afford at first.

How Much Money Have You Saved?

People should wait to buy a house until they have a 20% down payment. With that amount, you won't be required to pay private mortgage insurance, which adds to the cost of your mortgage payment. Another advantage is that when you sell the house later on, the money that went toward the down payment can help you cover closing costs and any unexpected expenses associated with the sale.

How Much Debt Can You Afford to Take On?

Student loan debt is often the reason why it's hard to save up much of a down payment. If your student loans are at a high interest rate, it makes more sense to put money into loan payments while renting than to prioritize saving for a house.

When you are ready to buy banks will let you borrow more than you probably should. A loan should be no more than two to three times your annual income.

Ultimately, the best decision is an informed one that takes into consideration the multitude of factors unique to each person. By considering the issues discussed above, you can make the choice that's best for your situation.

For more information on apartments in West Columbia, SC contact Abberly Village.

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medscape.com


Should You Downsize in Retirement – West Columbia, SC

Joseph Coupal - Wednesday, September 14, 2016

One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.

The arithmetic is fairly basic. If you’ve paid off your mortgage and live in a $300,000 home, and then sell it and move into a $200,000 home, then $100,000 of your home equity has been freed for other uses.

Another possibility is simply to sell your home and then rent an apartment. Renting frees up home equity and provides more optionality and flexibility to make more frequent moves before settling down.

When analyzing the decision to rent or buy, you’ll need to consider factors such as the loss of build-up in home equity and its subsequent growth (or loss) and savings on property taxes and other types of home maintenance.

As a part of downsizing, you could consider moving to an apartment community which may be less expensive because of the amenities offered and provide organized activities and social support.

For more information on apartments in West Columbia, SC, contact Abberly Village Apartments.

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Excerpts - Forbes


Living in Columbia, West Columbia, SC

Joseph Coupal - Thursday, September 08, 2016

Columbia is the capital, the largest city, and the business educational hub for South Carolina. The city is laid out along the Congaree River with many historic buildings. Columbia is also the home to the University of South Carolina, which adds a dose of college town feel, amenities, and sports-related entertainment.

The economy in Columbia is stable with a good future outlook. The cost of living is attractive especially for what is available, and buying power is strong. Columbia also enjoys a good central location relative to Atlanta 200 miles west, Charleston and the coast 120 miles southeast, and the mountains northwest.

The Columbia climate is humid subtropical. The Appalachian ridge prevents cold weather in the winter but doesn’t quite keep away the summer heat. Long summers with persistent warm and humid weather are most common. Typically there are about 6 days over 100 degrees and midsummer thunderstorms are frequent. Fall is a very pleasant time of year with less rainfall and plenty of sun. Winters are mild with occasional short cold outbreaks. Spring is variable, with occasional storms and cold snaps.

The unemployment rate in West Columbia is 3.90 percent and the U.S. avg. is 6.30%. Recent job growth is Positive. West Columbia jobs have increased by 0.88 percent. Compared to the rest of the country, West Columbia's cost of living is 12.40% Lower than the U.S. average.

For more information on apartments in West Columbia, SC contact Abberly Village.

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bestplaces.net


College Towns are A Great Place to Live - West Columbia, SC

Joseph Coupal - Tuesday, August 30, 2016

For some, it’s the roar of the crowd as the home team scores a touchdown on Saturdays. For others, it’s the quiet, tree-lined sidewalks on the quad or the ability to meet new people at different events at any hour of the day.

Even if it’s not home to your own alma mater, college towns and cities throughout the U.S. offer a high concentration of opportunities packed into a small area. Whether it’s the academics, food options, theater or business opportunities, life in a college town is not just great for the students, it's beneficial for full-time residents as well.

The attention college town areas receive, combined with the regular influx of new students and faculty from other parts of the country, contribute to the appeal to potential residents who may or may not be associated with the school itself.

There is a global perspective, and this intellectual base and diversity that the average small town wouldn’t get otherwise.

But some of the most loved college towns for residents and students alike have factors outside the academic institution that contribute to the economy and cultural variety of the area.

The metro area usually hosts large companies which serve as major local employers and also attract related businesses to the region.

The college hasn’t brought in the restaurants and all the activities, but the college has helped support all the new restaurants and activities.

When college towns flourish outside campus grounds, the community gets even stronger, as students find work after graduating and become locals themselves.

A lot of times, students graduate and end up staying. Their families come and visit them for the four years while they’re in school, and a lot of parents of students who end up packing up their lives and relocating later because college towns are great towns for so many other reasons.

Whether you’re moving to a new town or city for the proximity to its school or other reasons, here are a few tips to help you navigate real estate in a college town.

Expect a tight real estate market. Because a portion of residential real estate in college towns is often taken up by off-campus student housing, there will likely be a lower inventory of homes than it may seem at first. Real estate markets across the country are experiencing low inventory for single-family home sales, and this is even more likely near a college.

Off-campus student housing absorbs some of the stuff that would be sold to young families.

Inquire about the atmosphere during all seasons. Many college towns based exclusively around the local college or university will see a big drop in population once summer hits, leaving what may seem like a ghost town until fall classes begin.

But not all college towns are the same. Boulder’s proximity to the Rocky Mountains and other outdoor attractions bring a whole new group of people to the city during the summer months while the majority of students are gone.

What happens in the summertime is the students go home but the tourists come in.

Before you relocate to a college town, ask locals how the city is influenced by the academic calendar.

Prepare for Welcome Week. Even if the town doesn’t experience a significant decrease in activity during the summer, be ready for the influx of students, parents and siblings for those few weeks when students are moving in at the start of the fall classes.

Whether it means avoiding your local Target or Bed Bath & Beyond for a couple weeks in the early fall or taking your summer vacation to coincide with the nearby college's start date, preparation is key to avoiding any potential downsides to the newly refreshed student population. It's also worth keeping graduation weekend and homecoming in mind as busier times in the community.

Learn to love the school. To make life in a college town easier, it might help to let yourself become a fan – though that may be easier said than done if you’re a diehard University of Michigan fan living in Columbus, Ohio, home of the Ohio State University Buckeyes.

Even if you’re not supporting the sports teams, accepting the student population itself can make you dread three-quarters of the year a little less.

Local residents should follow the school's events calendar to take advantage of activities open to the public, from student theater productions to cultural food expositions.

For more information on apartments in West Columbia, SC contact Abberly Village.

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US News – Real Estate


Best Affordable Places to Live in the U.S. - Columbia, SC

Joseph Coupal - Wednesday, August 24, 2016

The cost of living where you're planning to move is an important factor to consider because you want to live comfortable and still have money left over to enjoy the restaurants, attractions and shopping that made the U.S News Best Place to Live in the U.S. truly top-notch. We broke down the rankings to find out which of the 100 Best Places to Live cost the least. Based on how much of the average individual's income is required to own a home or rent in the area, including the cost of utilities, we found the 20 best place to live wit the lowest cost of living.

#12 Columbia, SC
Median Annual Salary: $41,020
Income spent of Living Expenses: 28.56%

The state's capital and home to the University of South Carolina, Columbia offers a low cost of living that makes the city more affordable than many other large college towns, for students and residents of all ages alike. While the median annual salary is just $40,020, individuals are able to keep more than 28.5% of their income in their pockets after utility and rent or mortgage costs. 

For information on apartments in Columbia, SC contact Abberly Village.

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US News Real Estate


Finding the Ideal Place to Retire – West Columbia, SC

Joseph Coupal - Wednesday, August 17, 2016

Once you retire, you're free to head to the beach or golf course. In some cases, you can even dramatically reduce your cost of living or improve your quality of life with a single move. But you want to make sure that a retirement spot will continue to meet your needs as you age. Here are 10 tips for finding your ideal retirement spot:

Seek lower costs. If you can sell your house in an expensive city and move to a place where housing costs significantly less, you can use that influx of cash to help fund your retirement years. If the cost of living is lower, it can certainly let your retirement nest egg last a little longer.

Look for great amenities. Think about how you want to spend your retirement years, and make sure your retirement spot has the resources to allow you to do that. Look for golf courses, pools, fitness centers, parks or other amenities you would like to use. If you want to be pursuing your education, you might be looking for a college or other learning venues. If there are travel options you want to pursue, you are going to need to be near an airport or a train station.

Health care options are essential. Make sure any community you are considering has adequate medical facilities and doctors that are taking on new patients. If you have any ongoing medical condition, or propensity for a specific illness runs in your family, it can be useful to retire near medical professionals who specialize in treating it.

Calculate the tax impact. Taxes vary considerably by state, and you can often reduce your costs considerably by moving to a low-tax place. Take a look at how the state taxes pensions, Social Security and earned income, and also consider the sales tax, property tax and any special tax perks available for senior citizens. It's also important to realize that taxes pay for services, and there may be less help available to senior citizens in low-tax areas.

Aim for proximity to family and friends. Many people want to retire near their children and grandchildren. Family and friends can enrich your life in retirement and provide significant (and often free) help when you need it most. "If somebody has lived in the same place their whole life and that's where their social network is and where the people they depend on are, then it's much harder to pick up and build a new network of support where you don't know anybody and you have to start from scratch. If you do move to a new community away from your support system, you will need to create a new circle of friends. An activity like golf or bridge will get [you] into another social network.

Job opportunities. Americans are increasingly planning to work during the traditional retirement years. If a retirement career is part of your plan, you may want to line up a job opportunity before you make a move. A place that will enable you to do what you want to do with your post-retirement work career is very important. Some people have very portable skills where they could practice anywhere, while some people are more place-dependent.

Transportation options. Many seniors reach a point when they can't or no longer want to drive. Some cities have public transportation systems that give discounts or are even free for senior citizens, or low-cost van or cab services that will help seniors get to doctor's appointments.

Better weather. Some people seek retirement spots with warm weather so they can avoid winter, but you might find that you miss the change of seasons or that warm weather comes with its own challenges.

Test it out first. One way to be more certain that a retirement spot will be a good fit is to test it out by renting. When you first move to a place, it might seem wonderful, but once you have tried living in it, you might find that it doesn't really suit your needs. There's nothing like actually living in a place to know all its little eccentricities and ins and outs.

For more information on apartments in West Columbia, SC contact Abberly Village.

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money.usnews.com


Tips for Finding an Apartment in West Columbia, SC

Joseph Coupal - Wednesday, August 10, 2016

Apartment hunting in West Columbia, SC? Here are six tips to finding the best place:

1) Start searching early. The earlier you start, the wider a choice you’ll have. If you leave it too late, the best value accommodation options could be booked up.

2) Never put money down, either for a deposit or rent, without meeting the landlord or agency first. There are online scams and frauds you need to be vigilant of. Meeting people in person and seeing the inside of the property before you hand over any money reduces the risk of fraud. Also try to pay electronically by bank transfers as cash isn’t traceable. If you have to pay in cash, make sure you get a receipt.

3) Make sure you fill out an inventory list and take pictures of any damages before you move in, so that anything that was already broken, chipped, peeled or damaged doesn’t get taken out of your deposit as a penalty.

4) Make sure the contract you sign is for the period you intend to rent. Bear in mind if you are planning on going away or moving back home for the summer you should only sign a contract, or agree with your landlord (in writing) that your stay is as long as the college term, or you could be charged for the whole year’s rent or risk losing your deposit.

5) Draw up a cleaning rota where every housemate has a different job every week, so that it keeps the place tidy and everyone does an equal share of the housework.

6) If possible, try to live with people who have similar lifestyles to you, or who will be respectful of quieter lifestyles. If you’re living with someone loud, messy or who has bad etiquette, it can cause tension.

For more information on apartments in West Columbia, SC, contact Abberly Village.

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independent.ie


College Students Can Cut Living Expenses – West Columbia, SC

Joseph Coupal - Wednesday, August 03, 2016

The cost of college tuition is a concern for many college-bound students and their families. The cost of a college education continues to rise, but it’s not just tuition and room and board that students and their families must account for.

College students may underestimate cost-of-living expenses when planning their school-year budgets. But such expenses can be substantial, catching even the most well-prepared students off guard. Fortunately, there are several ways for college students to save money on living expenses and still make the most of their time on campus.

  • Venture off campus. Towns that rely heavily on colleges or universities to support their economies typically offer great deals to students willing to venture off campus. Local businesses, including bars, restaurants and entertainment venues like mini golf facilities or bowling alleys, may offer student discounts to entice kids to leave campus. Students can take advantage of these offerings to save on food and entertainment, which tend to be among the more pricey cost-of-living expenses college students contend with.
  • Buy secondhand furnishings. College students living in their own apartments or dorm rooms may not have the financial resources to purchase new furniture. Rather than purchasing brand new items they are likely to discard after moving out or graduating, college students can purchase secondhand items from local thrift stores or used furniture retailers that offer sturdy furnishings at low prices.
  • Make your own meals. Meal plans may be ideal for college students during their freshmen years, when students may still be adjusting to campus life. But older college students who are living in off-campus apartments can skip the meal plan in favor of preparing their own meals. Doing so can save students substantial amounts of money, and some students may even prefer the variety available at the local grocery store over the more limited offerings available at dining halls or other campus eateries.
  • Move off campus. Some schools do not permit freshmen and sophomores to live off-campus, but older students may find that private housing is more affordable than on-campus apartments or dormitories. Students eligible to live in off-campus housing can contact local real estate agents to get a feel for the off-campus housing market before making a final decision.

Cost-of-living expenses at colleges and universities can be considerable, but savvy students can find various ways to save money.

For more information on apartments in West Columbia, SC contact Abberly Village.

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thesnaponline.com


Helping Your Kids Find Off Campus Apartments in West Columbia, SC

Joseph Coupal - Wednesday, July 27, 2016

You probably thought getting your kid into a college was the hardest thing about college, and, well, it probably was. But as you've likely discovered, your young adult is still young and could use your help at times – like when it's time to look for an apartment.

Your kid is finally entering the real world, and as you know, the real world isn't always as warm and friendly as we'd like it to be. So if you'd like your kid to avoid renting from a con artist or signing a lease that he or she doesn't understand, you have a lot to think about.

Research, research, research.  Begin apartment hunting by calling the housing program at the college.

Read online reviews and go to the website of the apartments.  Look at which apartments paid for utilities, how far they were from campus and which ones were on a bus line. Make sure your child is doing their own research, too. This helps them own the decision ... After all, this is where they will be living.

Decide if you'll co-sign a lease. Nothing wrong with this in theory, since you may have little choice. Many landlords and apartment companies are reluctant to sign on a college kid who doesn't have a full-time job, has no credit history and isn't co-signing with his or her parents. But before you sign, you'd better know your kid well and have a serious talk with him or her about how the condition of the apartment needs to be in as good of shape on the last day as the first. If you know you have a kid who isn't all that responsible, you probably shouldn't co-sign.

Recognize that you may be required to sign a yearlong lease. Right now, you're probably thinking: So what? After all, that's standard with apartments.

And it's standard that school years last about nine months.

Of course, your college kid may be able to get permission from the landlord to find a tenant to sublet during those summer months, but that, too, opens up a new can of worms. If you think there's any chance you would want your kid to sublet to another tenant, broaching that with the landlord at the start, before you sign the lease.

Engage your kid in the process. Play the role of dutiful parents and ask a lot of questions. Also talk to random residents about living at the apartment and even interrogate employees, asking what they enjoyed about working at the property.

But make sure your child is present when asking these questions, and ask your child how they feel about the visit and what their impressions were of the property, the people they met and the apartment's amenities. It’s all about the kid owning, or co-owning, the decision to move into the apartment.

Educate your kid on what to look for if you can't come along for apartment tours. Discuss anything you think your child should be on the lookout for, such as red flags of a bad neighborhood.

Parents need to know that off-campus college housing is not all the same, and some may be in poor condition or overpriced.

You also should be aware of potential scams.  If it looks too good to be true and looks like an interior decorator designed the place, it is bogus. If it looks lived in and messy, it is usually legit.

For more information on apartments in West Columbia, SC, contact Abberly Village.

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US News – Money


Downsizing to Apartments in West Columbia, SC

Joseph Coupal - Thursday, July 21, 2016

If you’re a retiree or empty nester looking for a new home, you may be considering an apartment in West Columbia, SC. How do you know when it’s time to downsize and how do you do it the right way?

Retirees looking to downsize should consider the following:

1. Crunch the Numbers

The most important thing to consider when you’re deciding to rent is the cost. A smaller home often means smaller monthly payments or smaller maintenance costs.

2. Consider Your Lifestyle

If you’re retiring or an empty nester, you should ask yourself these questions – “What do I want to do?” “What do I enjoy doing in my free time? Golf, tennis, biking, and other outdoor activities?” “Do I prefer life in the city, with restaurants, theater, shopping, and cultural activities all within walking distance?” The answers may encourage you to find an apartment near the lifestyle you most want to enjoy.

3. Take Family into Account

Many people often choose to move or downsize because they want to be closer to family. If your family plays a big part in your daily lives it’s only fitting that you consider including them in your decision making process.

4.  Simplify Your Stuff

Lastly, if you are seriously considering rightsizing, start going through your things now and declutter! This can be difficult, both emotionally and physically, especially if you’ve accumulated a lot of things over several years. It will help give you a better idea of what you need for space and storage in your next home. If you’re not sure how you’ll do in a smaller space, consider renting for a year or two to see how you like living in smaller quarters.

For more information on 2 bedroom apartments in West Columbia, SC, contact Abberly Village Apartments.

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Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169

Call: 866-933-5853
Email Usabberlyvillage017@myltsmail.com
View Map

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