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

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West Columbia SC Apartments Blog

Reasons to Rent in Retirement in West Columbia, SC

Joseph Coupal - Wednesday, April 26, 2017

Abberly Village, West Columbia, SCSometimes it makes sense to sell your house and rent.

You may have long pictured homeownership as a cornerstone of your retirement. But baby boomers are increasingly renting instead. From 2005 to 2015, the number of renters ages 60 to 64 nearly doubled.

Though the longer you live in a home the more likely it is that buying beats renting—if it is paid off, taxes and upkeep are probably lower than the rent you’d pay—there are times when renting is the way to go.

You’re restless

Want to buy a home in your favorite vacation spot? The idyllic weeks you’ve spent there may not give you a realistic sense of what life is like year-round. For example, 70°F winters might not be worth humid 90°F summers.

Trying out your new town by renting will save you money and headaches. Real estate can have huge transaction costs, like the typical 5% brokerage fee. You don’t want to pay it twice.

You want the extra cash

Selling the family home and investing some (or all) of the proceeds can help pad your savings—and provide peace of mind.

Yes, you could tap home equity via a reverse mortgage. But selling would supply more upfront cash. A 65-year-old with a $300,000 mortgage-free home could net $275,000 from a sale; a reverse mortgage would free up only $150,000. You’d have to tap some of your proceeds to rent a new place, but the extra long-term cost of renting might be worth the comfort of more cash on hand.

You want convenience

Sick of raking leaves? Don’t want to deal with peeling paint? Renting lets you off-load such chores. It’s not your problem anymore. A rental in a multiunit building can also include amenities you’ll value more as you age, such as an elevator and a doorman.

Rental property developers have started catering to older customers. The result: buildings that include a greater number of larger two- and three-bedroom units, as well as aging-friendly perks like door-to-door package delivery and trash pickup.

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

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Time – Money


Best States to Find a Job –West Columbia, SC

Joseph Coupal - Thursday, April 20, 2017

Abberly Village, West Columbia, SCSome states are adding jobs much faster than others. CNBC knows, because we've been measuring job creation in all 50 states for 10 years in our annual America's Top States for Business study.

Job growth is a key metric in our Economy category, measuring employment increases over the previous 12 months based on seasonally adjusted nonfarm payroll numbers from the United States Bureau of Labor Statistics. That means we've been measuring job growth since June of 2006. Past performance is no guarantee of future results, but these 10 states have been the best places to find a job over the last 10 years.

South Carolina didn't experience the overbuilding that many of its neighbors did during the housing boom, But the overall economic crisis still hit hard-and it hit the state earlier than most. That has made for easier comparisons as the recovery rumbled along, bit SC has also benefited from a surging health-care sector that continues to add jobs.

#10 South Carolina

2006-2016 Job Growth 8.28%
Net jobs added: 156.200
Key industries: Healthcare, manufacturing
10-year Tops States Economy Rank: No. 40

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

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CNBC


Should I Rent or Should I Buy – West Columbia, SC

Joseph Coupal - Thursday, April 13, 2017

Abberly Village, West Columbia, SC When relocating, one of the first questions you should ask yourself is if you are going to rent or buy. The answer is not always so straightforward. If you’re just passing through, renting may be a better option.

When Renting a Home Makes More Sense:

You Plan on Relocating

While it’s true many people stick around for the long term, many are just passing through Charleston. If you know you’re not going to be around for the long-term, renting is an easier option with less commitment.

Your Income Is Unpredictable

Self-employed professionals, new graduates, start-up employees, and contractors don’t always know what their income will be in the long-term. While contractors can expect a predictable paycheck while on contract, once the term ends you’ll be stuck with a mortgage payment no matter what. If cash flow is an issue, owning a home will make it harder for you to downsize when times get hard.

Retirement is Close

Even if you have a pretty hefty retirement fund, a high cost of living can wipe that out quick. If you can buy for cash and still have plenty to live on, then owning may be for you. Otherwise, renting is a better option. The fixed costs will make it easy to budget. Renting also provides you with the flexibility to downsize or move into your RV and travel.

Mortgage Rates Are High

The past few years have seen some of the lowest rates for a long time, but lately rates have begun to rise slightly. Because of the high sticker price of many homes, try to buy when rates are at a low and rent in the meantime.

There’s no one perfect answer for the rent vs. buy question. It all depends on your situation. Take your time to explore your goals and your financial picture before making the decision.

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

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ARLnow


15 Reasons Why Renting Is Better Than Buying – West Columbia, SC

Joseph Coupal - Thursday, April 06, 2017

Abberly Village, West Columbia, SCFor many, renting a home is just a temporary stop on the path to home ownership. It’s the standard argument: Why throw away money on rent that could be used to build home equity?

But these days, the renting narrative is changing. Millennials are not investing in homes like we thought and the housing market is far from “fixed.” The industry leaders advertise a sellers’ market, meaning homeowners can expect to see multiple offers on their homes as the inventory remains low. While that’s great for homeowners, it means home buyers can expect dangerous bidding wars and price increases.

For that reason, many people are putting the American dream of picket fences and front porches on hold and choosing to make one of their smartest decisions to date. It’s a personal decision to rent or buy, but there are many pros to renting your next home rather than buying.

Here are 15 convincing arguments for renting a home — and they’re not all financial.

1. Buying and selling a home is difficult for everyone involved

Selling or buying a home is more stressful than bankruptcy, divorce, and the loss of a loved one, according to one poll. Homes are on the market for an average of four weeks, and 37% of sellers reported reducing the asking price at least once. Plus, if you’re in a long-distance relationship, do yourself a favor and rent. A 12-month lease is a whole lot easier to break or buy out than a 30-year mortgage — nevermind the added stress moving can place on an already suffering relationship.

2. Property taxes can kill you

Many homeowners are unaware of unexpected costs that come with owning a home of your own. Fees, such as property taxes, insurance, and maintenance, add up quickly. For landowners in Hawaii, the property tax on a home worth $179,000 will do little to raise eyebrows, amounting to only $487 annually, according to WalletHub. But those in New Jersey are stuck paying a tax rate of 2.35% that equates to $4,189 annually on a house of the same value. Taxes can fluctuate, but rental terms are consistent across the duration of your lease.

3. You can take time to repair your credit

Irresponsible spending habits in college and those sneaky credit card scams will haunt you for years. Sometimes, it can take more than seven years to fix your credit. If you’re in the bad-credit club, like one-third of the American population, it might be best to rent rather than buy. Those with low credit scores will find buying a home laborious, and it’ll be wise to wipe clean those credit blemishes before jumping onto the buying scene or making any substantial purchases in general. Renting to re-establish a solid payment history can be a good way to bide your time.

4. You’re financially unable

Those with irregular incomes, such as freelancers or small-business owners, prefer renting as a more stable monthly option. Homeowners are at the mercy of Freddie Mac and Fannie Mae — and who knows what their future plans are. Today, mortgage rates are still low, hovering around 4%. But before you think our nation’s real estate woes are over, remember the average 30-year fixed-rate mortgage was under 3.75% in summer 2016. Then, it shot upward after the presidential election and averaged 4.24% in December. If you’re still unsure about your ability to overcome any potentially rocky housing trends, consider renting while establishing a bigger emergency fund.

5. You remain flexible

Buying a home means choosing a location we want to plant roots in for at least a few years. For those who aren’t exactly sold on their current living situation, investing in real estate would be a mistake. Mortgages and other ownership obligations are like concrete shoes — don’t expect to pick up and move anytime soon. When the opportunity comes to accept your dream job on the opposite coast or marital bliss rides on relocating to another city, the last thing you want to do is get bogged down in selling a home.

6. Maintenance issues are not your problem

Flat head or Phillips. Socket verses pipe. If you have no answer, you might want to rent your next dwelling. Not all of us were blessed with the handy gene. Homeowners are often forced to fork over a sizable chunk of their savings to make impromptu and unexpected home repairs. But renters only need to place a call to their property managers when the sink drains are clogged or the dishwasher gets finicky.

7. Upkeep is less expensive

Say goodbye to weekends filled with long afternoon brunches and lazy days at the pool. That large backyard that originally sold you on your property? Well, it needs to be mowed — again. And last week’s storm really did a number on your gutters over the garage. Homeowners don’t have the luxury to bypass time-consuming chores that renters ignore. And renters need not worry about general housework and upkeep required of homeowners.

8. It makes filing taxes harder

If you think taxes are intricate now, wait until you buy a home. Yes, there are some valuable tax breaks homeowners receive, but processing mortgage interest deductions, home repair expenses, and rental income takes considerable time. That’s something renters don’t worry about. In fact, renters are already out socializing care-free, knowing their refund checks are already on their way.

9. There are options for roommates

Roommates are a great option if you’re looking for help shouldering the cost of living expenses. Having someone around to split the cable bill and vent about workplace drama is great, but with homeownership, one person is responsible for the payment at the end of the month. So when that flaky roommate is late on rent, the difference must be made up elsewhere. Apartment complexes, on the other hand, are experienced working with multiple tenants in one location and offer options for individual leases.

10. You have more access to amenities

Yes, you might enjoy the peace and quiet of a home in the country or a friendly neighborhood environment in the ‘burbs, but you’ll miss other amenities. Renting in a community allows you access to things, such as a community pool, fitness center, dog parks, and Wi-Fi. If you still want access to these perks after leaving the comfy confines of rental agreements, you’ll need to shell out serious dough.

11. You can grab cash bonuses

Many rental communities offer additional cash bonuses if you work for local companies. If you’re a local employee, you might be eligible for rental stipends or bonuses just for working close to home. Check to see whether your employer is on the list of nearby companies to max out every discount and money-saving trick in the book.

12. Urban living at a cheaper price

It’s been said millennials prefer city living over driveways and acreage, but they are unable to afford the fees that accompany urban life. Living near universities and vivacious night life is not cheap, and purchasing an Instagram-worthy loft is a merely a pipe dream for some. Depending on where you want to live, trendy areas, such as warehouse or arts districts, major cities, and beach communities, are typically more renter friendly. Finding affordable homes to buy might require moving into less popular areas.

13. There’s better security

Gated communities come at a high price, but most rental complexes have security features already included in their agreements. This is a welcomed benefit for women, single renters, or tenants living in urban environments. Homeowners will find neighborhoods with these extra precautions come at a price.

14. You remain adverse to risk

Financial advisers might say we must “risk it to get the biscuit,” but that’s easier said than done in a housing market that’s seen so much variation lately. Therefore, many are choosing the safer option to rent rather than investing in real estate. In addition to affordable prices, renters are also adverse to potentially debilitating changes in the housing market. Although experts are showing a recovery, a better, more accurate description is stabilizing. Words, such as “foreclosure” and “mortgage rates,” are still often paired with phrases of uncertainty. And that’s worrisome to fiscally conservative Americans.

15. You have the ability to invest elsewhere

It’s recommended home buyers put 20% down on a home to avoid being house poor. Even when considering upfront rental fees and deposits, it’s still cheaper than the tens of thousands of dollars it takes to buy a home. Some renters might already have potential savings stacked away for this very purpose, but with other uncertainties and future questions, it might be best to invest that money elsewhere. A few grand could do wonders for your future retirement or help hack away at those student loans that still burden you.

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

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cheatsheet.com


It is Cheaper to Rent Than Own in Every State - West Columbia, SC

Joseph Coupal - Tuesday, March 28, 2017

Abberly Village, West Columbia, SCOwning a home is often considered the American dream — and it’s an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state, according to a new NerdWallet analysis.

But many homeowners reap benefits that you can’t get from renting. The equity you build can be leveraged for loans that can be used to improve the home and boost its value or be used in financial emergencies.

While renting can’t offer thosefinancial benefits, it’s cheaper to rent on a month-to-month basis. If you’re wondering how to save money for a down payment, renting can help you build that nest egg — but in extremely expensive or competitive markets, renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities. This comparison doesn’t include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages, but is lower for FHA or VA loans.

Key takeaways

  • Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost to rent each month.
  • The smallest difference is still a third more to own.
  • In some states, the cost of owning far eclipses renting.

State: South Carolina
Homeownership Premium: 43%
Median Monthly Cost to Own: $1168
Median Monthly Cost to Rent: $819
Difference: $349

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

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NerdWallet


South Carolina is a Great Place to Retire – West Columbia, SC

Joseph Coupal - Tuesday, March 21, 2017

Abberly Village, West Columbia, SCWhere to retire is a deeply personal decision that no one else can make for you. However, if you haven't already settled on a destination, a comprehensive analysis of your options can help narrow your search.

We rated all 50 states based on quantifiable factors that are important to many retirees. Our rankings favored states that are affordable—especially in terms of lower taxes on retirees and lower health care costs. Then we took health into account—both the economic health of each state and the overall health of the population. Finally, we rewarded states with relatively prosperous populations of residents age 65 and up.

We ranked 10 states in the top rankings for retirement destinations. They offer a wide diversity of climates and lifestyles, so you're likely to find one that suits your tastes. Of course, states are big places, so we narrowed the search even more for you. Within each, we identified a city or two that should hold particular appeal to retirees.

#6 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.

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

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Kiplinger


Columbia, SC is One of America's Top-Rated Cities

Joseph Coupal - Wednesday, March 15, 2017

Abberly Village, West Columbia, SCAre you relocating to Columbia, SC? That’s good news because our fair city has won it’s fair share of awards. Keep reading to find out more.

Columbia was ranked 60 out of 354 metro areas in Places Rated Almanac. Criteria: cost of living, climate, crime, transportation, job outlook, education, the arts, health care and recreation. Places Rated Almanac, Millennium Edition

Zero Population Growth ranked 239 cities in terms of children's health, safety, and economic well-being. Columbia was ranked 93 out of 140 independent cities. Columbia was selected as one of America's best places to retire. Criteria: Safety, climate, housing, culture and recreation, social compatibility, affordability, medical care, transportation and jobs and/or volunteer opportunities. Where to Retire: America's Best and Most Affordable Places

The Sporting News ranked over 300 U.S. and Canadian metro areas in terms of their sports climate. Columbia ranked 63 out of 322. Criteria included: Stadium quality, accessibility and ambiance, ticker availability, and marquee appeal of athletes.

The Columbia metro area appeared on Forbes/Milken Institute's list of "Best Places for Business and Careers." Ranked 96 out of 200 metro areas. Criteria: salary growth, job growth, number of technology clusters, overall concentration of technology activity relative to national average, and technology output growth. http://www.forbes.com/, Forbes/Milken Institute Best Places

Columbia was named as #8 on Entrepreneur.com's list of Hot Mid-Size Cities for Entrepreneurs.

Ladies Home Journal ranked America's 200 largest cities based on the qualities women surveyed care about most. Columbia ranked 41 out of 200. Criteria: crime, lifestyle, education, jobs, health, child care, politics, and the economy. Ladies Home Journal Online, "The Best Cities for Women "

The Columbia Metro area was selected as one of America's "Best Places to Live and Work" by Expansion Management and rated as a "Five-Star Community."

The annual "Quality of Life Quotient" measures nearly 50 indicators and compares them among the 329 metropolitan statistical areas in the United States. Expansion Management

Columbia recently scored a victory over its Southeastern rivals by being named the best mid-sized college town in the country. New Jersey-based ePodunk.com's College Town Index, a community information site, evaluated about 160 college towns based on 14 sets of criteria.

The non-profit group selected Columbia as one of "America's 30 Most Livable Communities", Partners for Livable Communities. Criteria: environmental quality; parkland; ability to train new workers; job market; education; and use of the arts for economic development. Partners for Livable Communities.

The Columbia Metro area was selected as one of "America's 50 Hottest Cities" for business relocations and expansions. The area ranked #21. Criteria 80 of the industry's prominent site selection consultants were asked which cities their clients found the most attractive when it came to selecting an expansion or relocation site in 2004. Expansion Management

Columbia was cited as a top metro area for European expansion. The area ranked #7 out of 50, based on European-based company expansions or relocations within the past two years.

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

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Best Places to Live in America – Columbia, SC

Joseph Coupal - Wednesday, March 08, 2017

Abberly Village, West Columbia, SCWhen deciding where to put down roots, many factors are in the eye of the beholder, such as climate, politics, or proximity to extended family.

Other aspects are coveted by nearly everybody: affordable housing, access to well-paying jobs, a low cost of living, good schools, and quality healthcare. In its recently released ranking of the best places to live in America, U.S. News & World Report gathered data on these crucial components for the 100 most populous US cities.

They then categorized the data into five indexes for each city — job market, value, quality of life, desirability, and net migration — to definitively rank these major metro areas. You can read U.S. News' full methodology here.

Scores for "value," a blend of annual household income and cost of living, and "quality of life," which accounts for crime, college readiness, commute, and other factors, are included below on a 10-point scale, as well as the city’s population and median annual salary.

46. Columbia, South Carolina

Population: 784,698
Median annual salary: $41,020
Quality of life: 6.4
Overall value: 7.7

Home to the University of South Carolina, Columbia exudes a college-town atmosphere that can be felt through its abundance of trendy coffee shops and hip bars. For the non-student residents, the town’s job market is on the rise, steadily adding positions in the technology and manufacturing sectors. Columbia’s cost of living also sits well below the national average.

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

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businessinsider.com


Ask These Questions Before You Buy – West Columbia, SC

Joseph Coupal - Wednesday, March 01, 2017

Abberly Village, West Columbia, SCLandlady ruling your life? No pets allowed? Maybe it’s finally time to take the plunge and call the shots in your own space. But, there are important questions to ask before taking the leap into homeownership.

How long do you stay in one place? If you don't plan on living in the same home for at least five years, then owning is probably not the best choice. You’ll probably lose money in the long run.

And then, of course, there’s always money. How much do you make? Do you have job security? Have you built up savings for a down payment?

Maybe you’re thinking, "Hey! I can totally pay a mortgage. I pay less than that in rent!" But owning a home comes with a lot more than just a monthly payment and some utilities.

Property taxes alone are sure to hit the wallet hard. You calculate this annual cost by multiplying the assessed value of your home by the tax rate in your area. And don’t forget homeowners insurance and maintenance.

And this is AFTER you’ve paid your down payment and closing costs.

Renting may feel like throwing money away on something that’s not yours, but you’re not tied down. Once that lease is up, the sky's the limit. The world is your oyster... you know... something like that. So if the time and money are right, it may be just the moment for you to finally buy the house of your dreams - and have all the cats you want.

OR:

Are you looking to get out of the renting life and jump into homeownership? Sounds like a great idea - and would certainly impress your friends and family. But there are a slew of things any first-time homebuyer should know upfront. There are essential things to consider when you're looking to buying a home, from property taxes to closing costs.

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

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Money


Should Active Military Members Rent or Own? - West Columbia, SC

Joseph Coupal - Friday, February 24, 2017

Abberly Village, West Columbia, SCDeciding when to take the home-buying plunge can be tough. For military members and their families, the unique nature of their service often adds a new layer of consideration.

Here are a few key things to consider.

1. Frequent relocation

Active-duty military personnel move frequently, often once every two to three years. Prospective buyers should be comfortable with the idea of turning around and reselling a property or renting it out—and the possibility of neither of those coming to pass.

Talk with real estate agents and other experts to get a feel for the local housing market and near-term trends. You might have no problem selling the home or finding renters in your particular community, but there are no guarantees.

Even if your Permanent Change of Station (PCS) moves you across the country, you’re still on the hook for that new mortgage payment. Short sales and foreclosures can wreck your credit and put home buying out of reach for years. So it’s not a decision to take lightly.

2. Costs of renting vs. buying

Do your homework, and get a clear sense of what’s likely to cost more. Paying a mortgage is may be cheaper than renting in some U.S. markets, but every buyer’s situation is different. A good lender can help you get pre-approved and run realistic affordability numbers.

Keep in mind homeownership comes with costs that renters don’t typically face, like maintenance, lawn care, appliance repairs, and more. And buying with $0 down means you’ll start life as a homeowner with little to no equity.

3. Wants and needs

Homeownership offers a lot of freedom, but it also comes with significant responsibility. Take stock of your priorities to see where you land. How important is it for you to personalize your space? Do you enjoy home and yard maintenance? How do you feel about paying for them?

Owning a home means you can’t call the landlord to fix a broken pipe or replace the water heater. Renting means you’re building equity for someone else.

In the end, there isn’t a one-size-fits-all answer. Buying a home evokes thoughts of long-term stability that are sometimes at odds with the unpredictability of the military lifestyle.

Still, there’s something to be said for the sense of pride and independence that come along with homeownership. Think long and hard about what’s right for you, and get good information from real estate and mortgage experts you trust.

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

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Realtors.com



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

$952-$1,431