Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169
Call: 833-334-9767 (803) 936-1012 Email UsAbberlyVillage.PropertySite.HHHunt@aptleasing.info View Map

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West Columbia SC Apartments Blog

Retire in West Columbia, South Carolina

Joseph Coupal - Wednesday, August 16, 2017

Abberly Village, West Columbia, SC6. South Carolina

  • Population: 4.7 million
  • Share of population 65+: 14.7%
  • Cost of living: 12% below the U.S. average
  • Average income for 65+ households: $39,985
  • Average health care costs for a retired couple: Below average at $373,631
  • South Carolina's tax rating for retirees: Tax Friendly

If the mild weather and southern charm of the Palmetto State isn't enough of a retirement draw for you, surely the affordability can tempt you. On top of well-below-average living costs, the tax situation goes easy on a fixed income, too. South Carolina doesn't tax Social Security benefits and offers generous exemptions on other types of retirement income. It also does not levy an inheritance or estate tax. Property taxes tend to be very low.

South Carolina also offers ample amounts of golfing, beach bumming and water activities.

For more information on retiring an apartment in Ladson, SC contact Abberly Crossing.

kiplinger.com


Rising Prices and Rates Are Making Renting Attractive

Joseph Coupal - Friday, August 11, 2017

Abberly Village, West Columbia, SCSlowing rents coupled with rising home prices and mortgage rates are pushing many housing markets in the U.S. into rent territory, according to the latest national index produced by Florida Atlantic University and Florida International University faculty.

The major drivers for this quarter's scores appear to be slowing rents relative to the costs of ownership and climbing mortgage rates. Thus, on the margin, more potential owners should favor renting and reinvesting in a portfolio of stocks and bonds as opposed to ownership. This shift should slightly lower the demand for ownership and contribute to the slowdown in housing prices.

Based on numbers from the end of the first quarter of 2017, the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index follows recent S&P/Case-Shiller 20-City Home Price Index scores, which find an average annual increase in home prices of 5.78 percent, suggesting that prices, while increasing, are slowing. Higher BH&J scores favor renting over ownership in terms of wealth accumulation. All of this upward pressure in the trade-off between renting and buying should serve, in general, to slow property price appreciation around most of the country."

The scores show 11 of 23 cities in the index remain in buy territory. Another nine cities hover around a score of zero, suggesting a tossup between buying and renting in terms of wealth accumulation. The remaining three metro areas are in unseen territory in terms of both pricing and scores.

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

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Builder


Millennials Love to Rent

Joseph Coupal - Wednesday, August 02, 2017

Abberly Village, West Columbia, SCReal estate companies think Millennials will become “career renters” -- at least in the near term. In fact, the number of career renters is growing.

Many students in their mid 20’s are renting until they finish their schooling. However, at that point, they will have 10’s of thousands of dollars in loan debt. Many can envision renting for the rest of his life.

They don’t want to take on more debt. They don’t want to have another credit check; they don’t want to talk to another set of bankers; and they don’t want to put so much liability on the line.

For many Americans hard hit by the recession or dealing with large student loan debt, the idea of renting indefinitely has become appealing. No mortgage to pay off, a living space that comes with built-in amenities, and a landlord who takes care of upkeep and maintenance.

This may be particularly true for the country’s youngest adults, who are delaying homeownership and for whom taking on a mortgage is seen as one more debt to pay off. From 2006 through 2011, 25- to 34-year-olds experienced the largest decline in homeownership compared with any other age group. Among households headed by 25- to 34-year-olds, renters increased by more than a million from 2006 to 2011, while the number who own fell nearly 1.4 million.

Today’s young adults are not only delaying homeownership, they’re delaying many of the life events that often come with homeownership, including marriage, children and settled careers. The flexibility to be able to pick up and leave an apartment building or city for a job can be crucial.

Not Attached to Owning

For others the decision to rent long term is motivated as much by finances as by lifestyle. Flexibility is the biggest factor in choosing to continue renting. They feel at ease knowing that if they had to relocate, the process would be less complicated.

But they are also averse to putting themself in a financial bind. A house can be an investment, but they are not looking to go further into debt.

Real estate companies say they’ve noticed rental residents are now more often single, older and staying longer than in past decades. And those who do move out are more often moving to another rental over buying a home.

The trend makes sense given Millennials’ affinity for renting just about everything else, from cars to clothes.

A lot of young people don’t have the same attachment to ownership of anything.

An iffy job market has also continued to permeate other aspects of Millennials’ lives, especially where and how they live.

They entered the job market when it was harder to find a job, and the effects of entering the labor market when jobs are scarce are long term.

Going High-End

To some extent, real estate developers anticipated this trend, and started offering rental units in locations attracting young professionals to meet demand, often equipped with high-end amenities such as pools, gyms, brand-new kitchen appliances and social events for the building.

In light of where we are in the economy, people are still looking for a quality place to live, but they’re not interested in a long-term deployment of their capital in homeownership.

Real estate developers say renting appeals to today’s young adults not only because it requires less responsibility but also for its ease in urban areas. Metropolitan cities are attracting young adults.

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

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Detroit Free Press


Signs You May Not Be Ready to Buy a Home

Joseph Coupal - Thursday, July 27, 2017

Abberly Village, West Columbia, SCBuying a home can be a good investment. It can be a rewarding experience for you and your family.

But the fact is, it isn't right in every situation and it only works if the buyer is financially prepared. As we saw during the housing crisis, buying a house when you aren't ready can lead to disastrous results.

How can you tell if you're ready? The experts at real estate marketplace Trulia suggest asking yourself some questions.

The first has to do with income. Does your household earn enough money to make the monthly payment on a home, pay for insurance, pay the taxes, and cover maintenance and repairs?

When you rent your home, all of those costs are baked into the monthly rent. If the water heater goes bad, that's the landlord's problem, not yours.

It's true that, with low interest rates, a mortgage might be the same, or even less than rent in some markets. But you can't overlook the other costs of owning a home.

Debt-to-income ratio

What about your debt? If you have outstanding student loans and rising credit card balances, you might not be ready to take on a mortgage. In fact, that could be one thing that might disqualify you.

Lenders look at a borrower's debt-to-income ratio. If the ratio is too high, it reduces the amount you can borrow. In most cases, a lender will want your debt to be no more than 36% of gross income.

When looking at your savings, don't just think about how much you need for a down payment. If the down payment takes all your ready cash, you'll have nothing left to cover those expenses that almost always crop up in the first year of home ownership.

Two important factors

Before considering a home purchase, you also need to make sure you will qualify for a mortgage. Two factors could keep that from happening.

First, you need to have been on the job, or employed in the same industry, for at least two years. Lenders want to see that employment consistency before they'll consider funding your home purchase.

Second, you need a reasonably good credit score. While it is true you might qualify for a subprime mortgage with a marginal credit score, there could be some real disadvantages to being lumped into the subprime sector.

Having a better credit score -- 720 or better -- will get you a better interest rate, in most cases. So it might be wise to spend some time trying to raise your credit score before considering a home purchase, and the easiest way to get started on that is to simply pay all of your bills on time.

Finally, give some thought to the future. If you purchase a home, you'll need to live in it for a while before you can sell it without losing money. The experts at Trulia suggest three to five years is the minimum length of time you'll need to live in it before selling.

If you think there's a good chance you'll be relocating in a couple of years, the prudent thing to do is keep renting.

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

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consumeraffairs.com


Buying a Home May Not Be Right for You

Joseph Coupal - Friday, July 21, 2017

Abberly Village, West Columbia, SCThe reality is that home ownership isn’t for everyone. Even if it’s right for you eventually, it might not be right for you right now. There are a few factors that should serve as a warning against taking the leap into homeownership.

Don’t buy a home if…

You aren’t planning to stay

Whether your job situation is a bit uncertain, you’re in a relationship you’re not sure will last, or you’re longing to make a move to another city sometime soon, renting is your best bet. That’s because home values tend to fluctuate throughout the year and from year to year. If you are forced to move out in the near future, you may suffer a loss on the sale of your home. Most experts recommend that unless you can stay put for at least five years, you’re better off renting. It’ll take at least that long to make up the costs associated with a home purchase.

You don’t have a down payment

It’s not a good idea to buy a home without a downpayment. The simplest reason is that foregoing a down payment costs you a lot more over the life of the loan. The more money you borrow to buy your house, the more interest you pay. Having a down payment protects you from going underwater on your loan, or owing more than the house is worth. This can happen when you buy without a down payment and then home values drop.

You aren’t a saver

If you find saving for a down payment challenging, that may be a sign that you aren’t ready to own your own home. When you’re a renter, all you have to worry about is covering your rent. Once you’ve done that, the rest is up to your landlord.

When you own your home, the responsibility is all yours. So, if you get a leaky roof or a broken water pipe, you will have to pay to fix it. If you have a hard time saving, you’ll lack the cash to take care of all the expensive repairs you will face as a homeowner. If you’re already living paycheck to paycheck, the ongoing financial responsibility of owning a home is likely to land you in debt.

For more information on renting an apartment in West Columbia, SC, contact Abberly Village Apartments.

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BusinessDayonline.com


Tips for Renting with Roommates

Joseph Coupal - Friday, July 07, 2017

Abberly Village, West Columbia, SCAs the first college semester starts to wind down, many residents are looking for roommates to being next semester. Here are some tips when considering renting an apartment with friends or for when you are renting with a roommate you are just meeting.

1. A pre-lease group meeting.

Get together for the sole purpose of sorting out each of your expectations. Do not sugarcoat your feelings. We often think “we are all good friends and we have gotten along well for years. We are all very compatible.” Yes, but you have not lived together. One neat freak and two slobs is a dangerous combination.

2. Agree on house rules before going ahead.

Here are some sample questions to get started. Who does the dishes? How late can friends stay in the evening? How are food costs shared? Will food be stored daily so as not to attract critters? There are plenty of other questions to come up with together. An agreement between all roommates with some written rules will help in the future.

3. Are you moving? Finding the right place.

Maybe you are moving out of another apartment community and moving into a new apartment. Look around if you are moving. Is the apartment sparkling clean and ready to move-in? This is a good sign about the landlord or manager. If it is clean at the start, you will be expected to leave it in the same condition.

Look carefully at what is going on outside the apartment. Try to get a glimpse of other tenants or neighbors. Are the hallways well lite and clean? Is the building itself in good condition? If dirt, spider webs, dirty light fixtures with burnt out bulbs, broken windows, loose banisters, sticky doors and more, all represent a red flag. What is the condition of cars in the parking lot? Is the parking lot well-lit?

Schedule the appointment in the early evening, when people are returning from work. This can provide a good sense of place. Ask people, "I am thinking of renting here, what can you tell me about living here?" and listen closely to what they say.

For more information on renting an apartment in West Columbia, SC contact Abberly Village.

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enterprisenews.com


Columbia, SC: Cheap Rent and Good Jobs for New College Grads

Joseph Coupal - Wednesday, June 28, 2017

Abberly Village, West Columbia, SCThere are certain things that as a new college graduate you have little control over, such as when you're forced to join the real world. If you happened to graduate in 2008 — when the economy was hemorrhaging jobs while the stock and housing markets were collapsing — you were somewhat out of luck. Still, there were things you could have done to improve your financial odds even in the Great Recession, such as picking a city with the best odds of finding a good-paying job and an affordable place to live.

Which begs the question: Where are those cities for young grads today?

The real estate site Trulia and the careers site Indeed have teamed up to look at which cities provide the best combination of affordable rental properties and the types of jobs that typically employ new grads.

Their conclusion: Finding the ideal place to work and live is tricky, because the market in which you might find the best-paying jobs may also happen to be too pricey for a 22-year-old to afford rent.

There are parts of the country that have the highest percentage of jobs that were amenable to those right out of college. Almost a third of all postings in San Jose were "grad-friendly," and recent grads could expect to earn around $3,333 a month.

Trouble is, all of that economic activity has dramatically driven up demand and prices for homes and apartments. In the San Jose market, new grads can only afford 2.5% of the available rental listings in the area.

Do new grads have to choose between a paycheck in their pocket or a roof over their head? To an extent, yes.

Yet the researchers note that there are some "sweet spots" that offer the best of both worlds.

MONEY took the data from the survey and organized it a bit differently.

We eliminated any location where less than than 10% of the housing market was accessible to new grads, and then looked at the top job markets among the remaining towns on the list. We found the Top 50 of those markets, Columbia, SC is number 41.

41. Columbia, SC
Monthly Income: $2,151
Percentage of Listings Affordable to Recent College Grad: 14.9%
Percentage of Grad-Friendly Job Postings: 14.1%

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

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Time - Money


South Carolina is Popular with Boomers

Joseph Coupal - Wednesday, June 21, 2017

Abberly Village, West Columbia, SCSouth Carolina has experienced rapid growth in the last 30 years, much of it from retirees seeking a warmer climate and lower cost of living. As more and more baby boomers begin to retire that trend is certain to continue. Retirees have been moving into all parts of the state, the area in the southwest low country, but near Hilton Head has experienced the most explosive growth.

South Carolina's population is growing. Some of that growth is coming from retirees entering the state. Obviously the housing market crash has impacted sales and prices in 55+ and active adult communities in SC, but probably less so than for the housing market in general. For the record, South Carolina has an income tax maximum rate of 7%, people over 65 get some significant exemptions.

Thanks to the great success of Hilton Head Island as a vacation and retirement spot, the entire southwestern area of the state is now a retirement hot bed. Part of the attraction is the many rivers and bays are in the area, making waterfront living possible for many people at somewhat reasonable prices. The region is dotted with active adult communities to explore.

What People Like about this area of SC:

  • Mild winter climate
  • Being near the coast, bays, and rivers
  • Cachet and prestige of Hilton Head
  • Brand new,master-planned developments
  • Outstanding recreation such as golf, tennis, fishing, boating
  • Many of the towns are charming

This part of SC is definitely one of the best retirement regions in the world. For more information on apartments in West Columbia, SC contact Abberly Village.

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topretirements.com


Reduce Housing Costs When You Retire

Joseph Coupal - Thursday, June 15, 2017

Abberly Village, West Columbia, SCHousing is likely to be your biggest retirement expense. But there are a variety of ways to pay less for housing in retirement. Here are a couple of ideas of what you can do to bring down your housing costs after you retire.

Downsize. Once your children grow up, you no longer need multiple bedrooms or an expansive yard. And you may not want to take care of a large property that only one or two people use. Downsizing to an apartment in West Columbia, SC can add money to your nest egg and free up the time you would have spent mowing a large lawn and cleaning several stories of rooms. Downsizing could add money to your nest egg, even if you spend $50,000 on selling and moving costs and home improvements. After their kids move out, many retirees downsize their home, and then they put the surplus into an investment account so that it can start growing. This reduces their monthly living expenses, their utilities, their property taxes, and they’re really at a point in their life when they don’t want to maintain a larger home. You may also be able to generate some extra cash by selling off the furniture and appliances from your former home.

Relocate. Retirees don’t need to live in expensive cities that are close to their jobs or in high-cost suburbs with good school districts. You are finally free to live anywhere in the world that has the entertainment options and amenities you desire. You might choose to live near the beach or in a place where you can play golf every day, or you could relocate to a sleepy college town with a low cost of living. If you move to a place where housing costs significantly less than where you live now, you can use the extra cash to help pay for your retirement expenses.

Become a renter. Homeownership can be expensive and a lot of work, especially if you live in an older home in constant need of repairs. Becoming a renter in retirement frees up the equity in your home to use for living expenses, might allow you to relocate closer to the city center where you could walk to shops and local attractions and makes someone else responsible for the major upkeep of the property. To sell your home and then rent gives you a nice cash infusion.

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

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US News – Money


Baby Boomers Are Selling Their Homes in the Suburbs

Joseph Coupal - Thursday, June 08, 2017

Abberly Village, West Columbia, SCU.S. baby boomers are trading their suburban homes for those closer to the city. Real estate data has been showing the switch from suburban to urban living for baby boomers.

An analysis large cities found that between 2000 and 2010, more than one million baby boomers moved from homes that were between 40 and 80 miles from city centers and a similar number moved to homes within five miles of city center. Apartments in Columbia, SC are the perfect solution for baby boomers who want to give up the time and expense involved in owning a home and who would prefer to live closer to the city.

They want a level living area; they're tired of stairs, and they want to be close to the city. Baby boomers looking to move say they're more attracted to cities for health and social reasons.

"The spirit on the streets, there's a kind of vitality, a regeneration," said Harold Closter, 63, who recently moved from a suburb with his wife. "We've made a lot of new friends, and we've found that it's a lot easier for our friends to get to us, because we're right near public transportation. Our adult son and his friends think this is pretty cool as well."

For more information on renting an apartment in West Columbia, SC, contact Abberly Village.

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upi.com



Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169

Call: 833-334-9767
Email UsAbberlyVillage.PropertySite.HHHunt@aptleasing.info
View Map

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

$952-$1,431