Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169
Call: 866-933-5853 Email View Map

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

West Columbia SC Apartments Blog

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.

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.


Columbia, SC is an Affordable Place to Rent an Apartment in Retirement

Joseph Coupal - Tuesday, July 12, 2016

Choosing to rent an apartment in retirement can improve your retirement finances and allow you to receiv assistance with maintenance and repairs. The media gross rent paid by people at 60 and older is less than $750 per month in the follow metro areas.

Columbia, SC

Seniors ge co and older pay a median of $712 per month in South Carolina's state capital. Another bonus: South Carolina residents age 60 and older are eligible for free tuition a the University of South Carolina. Not to mention the great weather and so many things to do in South Carolina. If you are retiring and interested in renting a luxurious apartment in West Columbia, SC with loads of apartment community amenities, contact Abberly Village.

US News - Money

Columbia, SC on List of Best Places to Retire for Under $40,000

Joseph Coupal - Tuesday, July 05, 2016

Live Well for Less Money

Even a modest nest egg could produce a comfortable retirement in these affordable retirement spots. Low housing costs coupled with amenities retirees need make thse cities great places to retire on an income of less than $40,000 per year.

Columbia, SC

South Carolina residents age 60 and older can qualify for free tuition to the University of South Carolina. Monthly housing costs range from a median of $1,107 per month for homeowners age 60 and older with a mortgage, $350 monthly for those who have paid off their mortgage and starting at $712 monthly for renters.

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

US News - Money

Affordable Places to Rent an Apartment in Retirement - Columbia, SC

Joseph Coupal - Tuesday, June 28, 2016

Choosing to rent an apartment in retirement can improve your retirement finances, and allow you to receive assistance with maintenance and repairs. The median gross rent paid by people age 60 and older is less than $750 per month in the following metro areas, according to 2012 Census Bureau data.

Columbia, S.C.

Seniors age 60 and older pay a median of $712 per month in South Carolina’s state capital. Another bonus: South Carolina residents age 60 and older are eligible for free tuition at the University of South Carolina.

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


How to Decide To Rent or Buy – West Columbia, SC

Joseph Coupal - Wednesday, June 22, 2016

Whenever the subject of renting comes up, there will inevitably be people who caution against it. Renting gets a bad reputation for being a short-term solution with no immediate permanent assets.

However, the idea that buying a house is the best long-term investment isn’t necessarily true anymore. In fact, studies show that real estate only outpaces inflation by a very small margin over time and might not be the best place to invest your money (if that’s what you’re going for).

The real problem with renting vs. buying arguments is that there are so many details to consider when weighing the pros and cons of each. While there’s no simple answer, there are a few things you can look at to determine whether renting or buying is the best choice for you.

Look at how much rent is rising in your area.

In many instances, people choose to rent because buying a house costs much more money up front. Problems arise when rent continues to rise year-over-year, though, while a mortgage will stay fixed. However, taxes can go up regularly which will change your monthly mortgage payment. However, there are factors that make renting much more viable if you live in a city with relatively stable rent. In these cases, you can often negotiate longer leases with fixed monthly rent prices and search around for better deals.

Decide how much maintenance you can afford.

While tax credit does offset some of the costs of owning a home, you should also be aware that maintenance is a huge cost that can come with owning a home. Being able to choose your own paint colors and rip out ugly flooring is one of the reasons most people dream about owning their own place, but homeowners are also on the hook if a plumbing issue damages those freshly-painted walls and expensive new floors.

Make sure you’re not forking over all your income to buy a home and leaving your savings account empty. If you don’t have at least six months of expenses saved up, consider renting and investing some extra money while you work towards owning a home.

Check your timeline.

Most people don’t stay in one house their entire lives, so it’s crucial to consider the costs of selling before you even buy a place. Most financial advisors suggest that you should plan on staying put for at least five years or you will most likely end up losing money.

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


States with Smallest Tax Burden – West Columbia, SC

Joseph Coupal - Wednesday, June 15, 2016

Most of us have our tax refund check, unless you owed… and  hopefully the refund is in the bank account–or if not, then at least maybe you have a strategy for a better year. Since part of that strategy could be moving to a more tax-friendly state, Forbes set out to find out which states offer the most favorable tax situations.

Using data from the Tax Foundation, Forbes ranked the total tax burden in each state. The ranking includes income, property, and sales tax, as well as special taxes like real estate transfer taxes, personal property taxes on some vehicles, and special tax district fees.

No. 9: South Carolina

State and local tax burden: 8.30%
Effective state tax rate ($50,000 taxable income): 6.02%
Highest tax bracket: $14,400
Rate at highest tax bracket: 7.00%
Per Capita Income: $33,603

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



Benefits of Living in Off Campus Apartments in West Columbia, SC

Joseph Coupal - Tuesday, June 07, 2016

It Can Be Cheaper

There's a good chance you'll save money by renting a house or apartment and splitting it with friends. These days, you can expect to spend close to $10,000 per year on room and board, but some schools charge $15,000 a year or more. Find a place that accommodates multiple housemates, and you can cut your costs by splitting the rent and utilities.

You Can Make Your Own Rules

Living in a dorm is fun and all, but it does come with certain restrictions. When you rent your own place off campus, you don't have to worry about quiet hours, nor do you have to feel guilty when you'd rather curl up in bed rather than participate in your living hall's weekly social event. You can go crazy turning on halogen lamps and plugging in hot plates, and there won’t be a soul around to write you up for it.

You Get More Living Space

Dorm rooms don't give you much space. Rent off campus and you may wind up with more square footage at your disposal. Another benefit of off campus living is the possibility of having your own bedroom, or even your own bathroom.
You Have More Food Choices

It may be nice not having to cook, but dining hall food isn't exactly known to be high in quality. And chances are your meal plan isn't all that economical, as you're paying for the convenience of having someone else prepare your food. When you live off campus, you can cook for yourself.

You'll Be More Prepared for the Real World

Living off campus means doing adult-style things like paying individual utility bills and going grocery shopping. Sure, that stuff can be time-consuming, but it's a good way to get ready for life outside your college campus.

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


Reasons Not to Own a Home in Retirement - West Columbia, SC

Joseph Coupal - Thursday, June 02, 2016

Many soon-to-be retirees aim to pay off their mortgages before leaving the workforce so they can kick off retirement without the stress of a monthly payment. And it makes sense. At a time in your life where money is about to become limited, eliminating any source of debt is a wise move. But rather than pay off your mortgage and call it a day, you may want to take that idea one step further by selling your home altogether.

While owning a home in retirement does make sense for some people, here are three good reasons not to do it.

1. Too many variable costs

When you're living on a fixed income, you don't want too many financial surprises. But owning a home comes with a number of variable costs, from rising real estate taxes to unexpected repairs. Even during periods where home values drop, property taxes still have a way of creeping up. If you hang on to your home in retirement, you can't discount the possibility of seeing your property taxes climb year after year.

On top of that, the older a home gets, the more likely it is to need major repairs. Having to come up with, say, $10,000 on a whim to replace your heating system is easier said than done when you're no longer working. Renting, by contrast, means paying a fixed amount for as long as your lease is in effect. And while you do face the possibility of seeing your rent go up year after year, those increases will likely be easier to absorb than a major home repair. In 2014, rental prices increased an average of 3.6% on a national level. While that's not a small amount for someone on a tight budget, imagine you're renting a place for $1,500 a month and get hit with that same increase. Yes, you'll pay an extra $54 a month, or $648 throughout the year, which is a lot of money, but that's nowhere near what it would cost to repair a foundation or replace a roof.

For retirees, the biggest advantage of renting is that it smooths out your costs and makes you less vulnerable to financial emergencies.

2. You'll probably pay more for maintenance

Maintaining a home often takes a lot of work, and while you may be willing to put in the time, you may eventually find you don't have the energy. The older you get, the more difficult it becomes to mow the lawn, weatherproof the deck, or patch up the roof. Chances are you'll soon need a contractor or handyman to do that stuff for you, and those kinds of services don't come cheap.

On the other hand, if you sell your home and move to a rental, you won't have to worry about maintenance. And if you think renting will automatically be more expensive than owning, then you should take a closer look. Even if you've paid off your mortgage, your property taxes and maintenance expenses could cost nearly as much as a rental. And if that rental happens to come with a communal swimming pool that someone else is responsible for, even better.

3. You're low on cash

It's an unfortunate fact that most Americans enter retirement financially unprepared. In fact, an estimated 31% of non-retirees say they have no retirement savings whatsoever, and while Social Security can help, not everyone can live off of those monthly benefit checks alone.

If your retirement income can't support the lifestyle you want, and you're not looking to return to work part-time, then selling your home could be a smart solution. As long as you live in a home for two of the five years prior to its sale date, your first $250,000 of profit is exempt from capital gains taxes if you're single. If you're married and file a joint return, your tax-free allowance doubles to $500,000. If market conditions are favorable, selling your home could be a great way to generate cash and avoid having to resort to racking up debt -- which is not something you want to do when you're no longer earning wages.

Of course, if you've paid off your mortgage and you have the savings needed to cover any sudden, major expenses, then there's no need to rush to sell your home. On the other hand, if you'd rather put the stress of homeownership behind you, then by all means, sell. It could end up being one of the smartest financial moves you make.

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

The Motley Fool

Reasons to Rent an Apartment: A Surprisingly Long List! – West Columbia, SC

Joseph Coupal - Wednesday, May 18, 2016

Renting comes with a lot of under-talked-about benefits; probably because we are always hearing the constant chatter of financial experts telling you it’s the right time to buy.

As a result, buying a home should be a carefully considered decision, with all the pros and cons of both buying and renting evaluated against your own priorities and finances. Don’t get pressured into something that won’t work for you!

The benefits of renting include:

Financial flexibility.  Think of a ocean liner and a speedboat. The first represents your mortgage, the second is your lease agreement. If you get into financial trouble and need to reduce your living expenses, it’s much easier to make changes to your life if you rent.

Financial stability.  A renter’s finances are very predictable. There are few “unexpected expenses,” like an appliance breaking or a roof leaking that you’ll need to take care of on your own. There’s also less risk of uncovering an unforeseen problem (think “termites” or “airport corridor”) because you can just move.

Career flexibility.  As many unemployed home owners will attest to these days, when you rent you’re not locked into your location if the job market or economy shift, or your career preferences change.

Low maintenance costs. If nearly anything inside or outside your house breaks, it’s your landlord’s responsibility to fix it. That includes the cost, but also the time required. It’s also their responsibility to maintain the yard, paint, keep up common areas, etc.

No market risk. When you buy a home, you take on the risk (and potential reward) of the home’s value changing. This puts the capital you “invested” in your home via the down payment and subsequent mortgage payments at risk, and influences your ability to change course.

You don’t pay taxes or insurance directly. Your landlord is still asked to pay property taxes and insurance, and presumably rolls that into your rental price, but you’ll never be asked to write a check for these on your own, or get hit with a surprise bill if they increase abruptly.

No cash outlay required. There’s a tremendous amount of money required to close on a house, including the down payment and closing costs. Many people feel like it’s money they’ll never see again (if they sell the house, it will roll into the next one they buy). When you rent, no one will ever ask you for $20K out of pocket.

Some bills are included in the rental price. Many communities include things like water, trash collection, and even cable in their base rent price. While it’s probably priced into the rent, it still saves time every month not having to deal with extra bills.

Communities often offer “bonuses” for moving in. What was the last time you got a “bonus” for buying a house? It’s not unheard of to get a month of free rent or bonus amenities just for moving into a rental.

Decreased stress. Owning a home leads to greater stress as you have to deal with your home’s problems.

You can’t be foreclosed on. You will be kicked out when you don’t pay your rent, but in the grand scheme of things, that’s probably a better alternative to the fairly damaging process of foreclosure.

Less area to clean. Most people who move into a home will upgrade the size of their living space, not the other way around. There’s also the new 2-car garage, and the front and back yards. You’re going to spend a lot more time cleaning, my friends.

You can change your neighbors. A large factor in the quality of life as a renter is the kinds of neighbors you have. The good thing is that neighbors move, and when they don’t–you can. Would you move out of the house you bought because of bad neighbors? That’s a much tougher decision.

Make sure your living situation is complimentary to the lifestyle YOU want! For more information on apartments in West Columbia, SC, contact Abberly Village.


Abberly Village Apartment Homes

1000 Abberly Village Circle, West Columbia, SC 29169

Call: 866-933-5853
View Map

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