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

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

West Columbia SC Apartments Blog

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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columbiacvb.com


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



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