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

Downsizing to an Apartment

Joseph Coupal - Wednesday, May 23, 2018

Abberly Village, West Columbia, SCWhen it comes time to consider downsizing your home, there are a mix of emotions and stressers you may have never encountered before. For seniors, it’s a situation that sometimes comes about out of necessity and sometimes simply as a way of improving the quality of retirement years.

As the number of Baby Boomers entering retirement continues to climb in the US, the reasons to start downsizing are more apparent than ever:

  • Economic necessity. It’s common for many older adults to be faced with unexpected medical expenses, growing homeowners insurance rates, and rising utility costs. Selling the house and moving into a more affordable space is often the solution.
  • Convenience. If you’re tired of doing all the housework that comes with a larger home, you’re not alone. A lot of retirees opt for smaller homes where upkeep is less of a responsibility.

In terms of the cost benefits, retired seniors stand to save significantly when moving to a smaller space. Consider that for the typical single-family home, heating and cooling accounts for 42% of the energy bill. When the square footage of your home shrinks, so does that energy bill.

Moving to a smaller home could also help you save on:

  • Mortgage payments
  • Property taxes
  • Maintenance (lawn, pest control, snow removal)

If you’re preparing for retirement or have already retired and you’re now considering downsizing, know that you’re in good company. A recent poll concludes that 37% of Baby Boomers plan to move later in life. Of those planning to move again after retirement, 47% said they’d like to downsize.

Choosing to downsize to an apartment in West Columbia, SC in retirement isn’t always motivated by economics, but it is always affected by it. Even for retirees belonging to a high tax bracket, downsizing is a consideration for practical reasons.

Finding a place to live

Would you prefer to stay in the same area or are you excited about moving to a new place? If you’re moving somewhere new, take into consideration all the amenities you’ll need now and later on. Check for proximity to hospitals, grocery stores, and other essentials. Downsizing should make life easier—if you have to travel 45 mins to weekly doctor appointments, think about how that will affect your quality of life.

No matter the reason you have for considering downsizing, you are wise to contemplate its advantages. Not only do you have the opportunity to start anew, perhaps in closer proximity to family, but you can drastically improve your quality of life in retirement. By downsizing to a smaller home, you are freed from the upkeep responsibilities of owning a large home. You’ll potentially save big on standard costs associated with homeownership and most importantly of all, you can finally take time to relax.

For more information contact Abberly Village.

#HowYouLive

bankrate.com


More Retirees are Renting

Joseph Coupal - Wednesday, May 16, 2018

Abberly Village, West Columbia, SCAn interesting phenomenon among seniors who are selling their home is their changing attitude about buying another. Younger home sellers are typically focused on quickly buying another home. Their lifestyle has changed and they need to sell and buy another.

Most senior sellers will become senior homebuyers but there is an increasing trend among seniors selling their home: They don’t intend to buy another home and they are making the decision to rent.

“I think we’ll rent for a while” is an increasing response to my question: “Have you thought about your next home?”

Rent? Here are folks who have worked hard all their lives to pay off the mortgage so that they could enjoy retirement in their own home and now they want to rent?

Isn’t renting for the economically challenged, the young millennials, the unstable? Why throw money away renting when equity-rich seniors can sell and buy the home of their dreams?

The homeownership rate for seniors has been declining for the last 10 years as an increasing percentage chose to rent rather than own a home. A recent national survey of seniors who rent were asked the question: Why?

One-out-of-ten planned to buy a home within the next 6 to 12 months, about half could not afford to buy but four-out-of-ten responding seniors who could afford to buy, won’t. They’re content to remain tenants.

Why do you suppose more seniors are choosing to rent than own?

Replacement home too costly

Most seniors who are selling say that they would like to downsize into another, perhaps smaller, single-level home, closer to shopping, medical facilities and family. We have homes meeting that description in our county but they are usually higher in price than the market value of a senior’s existing home.

If family is in the region, perhaps relocating to another state is not an option. Faced with reinvesting all their sale proceeds and perhaps the obligation of a new mortgage, many choose not to sell their home or if they sell, they will rent.

Demands of homeownership

Often seniors don’t have the same physical strength at 60 as they did at 40. Some seniors are physically unable to maintain, remodel or repair everything that’s routinely necessary.

Rural properties require even more attention. Whether clearing brush or mowing the back yard, it takes good health and energy to maintain a home.

Renting is cheaper

Despite what the real estate community would have you believe, every homeowner knows that at the end of the day it’s more expensive to own a home than rent one.

Absent a mortgage, homes are still expensive to maintain. Ask anyone who has had to replace a leaking roof, a new HVAC system or replace a deck.

Retirees likely have less income than when they were working and many depend upon Social Security as their primary source of income to pay household expenses. Renting may not be the lifestyle they would prefer but it is one that they can afford.

Been there, done that

While some seniors enjoy puttering around their home with projects and working in their yard or garden, many don’t. They have spent a lifetime tied to their homes with the responsibilities of ownership while their friends have been vacationing. These seniors do not want another long-term commitment to a home. As tenants, mobility finally becomes an option.

Fear of another real estate bubble

Most of our grandparents never psychologically recovered from the Great Depression. They became compulsive savers, skeptical of debt and leery of investing in the stock market.

The 2008 Great Recession and the collapse of home values left a similar impression on many retirees. They have personally experienced how quickly the value of their home can disappear. They have watched helpless as friends and neighbors lost their home to foreclosures. They know first-hand that the real estate market has up and down cycles and they are not going to get caught in another.

There are 75 million baby boomers who are on the verge of retirement. For the next 20 years an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life. What’s fascinating is after a lifetime of homeownership more are choosing to rent.

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

#HowYouLive

Mountain Democrat


Baby Boomers and Millennials are Renting Instead of Owning

Joseph Coupal - Wednesday, May 09, 2018

Abberly Village, West Columbia, SCRenting traditionally has been viewed as one rung on the housing ladder: First, you rent an apartment, then move on to purchase a starter home, which is followed by the family home, where most people spend the majority of their years. Renting has always been a step in the process and rarely the endgame.

Based on the growing number of renters in major cities throughout the country it’s clear that attitude is changing. Instead of viewing renting as a short-term phase, an increasing number of residents are choosing rental housing specifically because it offers a more-flexible lifestyle than homeownership.

This is especially true for baby boomers and millennials, two of the fastest-growing groups of renters. Whether just starting out in their career or settling into retirement, both generations are seeking a lifestyle that offers mobility, convenience and community.

There’s no question that apartment living keeps getting better. We’ve just started to see a slight shift in boomers actually deciding to forgo a mortgage for rent in high-end, highly serviced properties with lots of amenities, and believe that we’ll see more. And they’re not necessarily moving from the suburbs directly into downtown locations. More likely, they’re staying fairly close to home in communities they’ve known for decades and are opting for nearby town center locations. Millennials, on the other hand, are enamored by the eclectic, energetic urban environment and thus love living downtown close to art, culture and entertainment.

Mobility needed: Regardless of age, mobility is one of the top reasons people decide to rent. For millennials just entering the workforce or in the process of building their careers, the ability to relocate is a major factor. Even if they are in a financial position to purchase a home, millennials may choose to rent to have the flexibility to take advantage of new job opportunities as they arise.

Boomers value mobility, as well — with their children grown and out of the house, many have realized they no longer want or need a large suburban home. Instead, they’re opting to rent in urban environments that offer greater flexibility for travel and the option to leverage the equity in their homes. Many baby boomers also are working longer than their parents did. They still want to be close to their job and are not yet ready to retire to a new locale, but they are empty-nesters who want a vibrant, walkable lifestyle.

Transportation and accessibility play an important role. With busier-than-ever lifestyles, more and more people are simply refusing to spend hours commuting every day. Especially in cities such as Washington, where the commute between downtown and the outlying suburbs can take hours during peak travel times, rental housing close to work or with easy access to public transit offers residents the opportunity to achieve a higher quality of life, with less time stuck in traffic.

The convenience of living in the middle of things: Similarly, we’re seeing residents choose renting over homeownership for the sake of convenience. For busy boomers who are ready to give up the yard work and other home-maintenance tasks, renting is an attractive alternative. If something breaks or goes wrong, all they have to do is pick up the phone and call the property manager to take care of it. The same goes for young professionals who may lack the time, experience or willingness to address these issues.

We’re also witnessing apartment owners and operators go beyond basics like regular maintenance by offering amenities such as package storage, and fitness centers and pools to enhance the resident experience.

Creating a sense of community: In addition to making residents’ lives easier, modern apartment amenities are designed to encourage socialization. These are the types of experiences that today’s renters are looking to incorporate into their lifestyles.

This sense of community is important to boomers, who may be leaving a social network behind as they move away from the suburbs; as well as to millennials who are eager to make new connections personally and professionally, especially if they are new to the area. With shared common spaces and experiences, apartment living creates organic opportunities for residents to make these connections and build on them.

In today’s economy, we can rent almost anything we need, including music, movies, clothes and cars. Having all of these options available to us suggests that people’s view of ownership is shifting. It’s natural that this trend extends to our homes, giving people more choice over where and how they live.

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

#HowYouLive

washingtonpost.com


Columbia, SC is a Great Place to Live

Joseph Coupal - Wednesday, May 02, 2018

Abberly Village, West Columbia, SCA lot of people know that they want to relocate to South Carolina, but they don't know which city is the best fit. Columbia is one of the best places to live in South Carolina and is one of the most popular areas that folks choose!

Columbia, SC

South Carolina's capital city, is also the state’s largest with a population of about 130,000 in its city limits and about 800,000 in its entire metro. Columbia sees less tourism than the coastal cities, but there is still plenty of stuff to see and do. The most popular is perhaps Riverbanks Zoo and Garden which is a 170 acre site with botanical garden along the Saluda River. Other popular attractions include the South Carolina State Museum, Congaree National Park, the Columbia Museum of Art, and of course the South Carolina State House (pictured).

The University of South Carolina is the state’s largest university and offers both medical and law schools. You’ll find several other small colleges in Columbia like Allen University and Benedict College. In addition to USC, the largest employers are BlueCross BlueShield of SC, Palmetto Health Hospital System, and the Richland County School District. Columbia scores a 98 on the cost of living index which makes it slightly higher than the state average but certainly lower (more affordable) than the national average.

Perhaps the best part about living in Columbia is that its location in the middle of South Carolina puts it about two hours from the beaches and two hours from the mountains. This central location makes it an easy drive for a weekend getaway to different scenic destinations. If you’re a Gamecock fan, weekends are fantastic!

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

#HowYouLive

searchforcharlestonrealestate.com


Downsize Your Home and Right-Size Your Retirement

Joseph Coupal - Wednesday, April 25, 2018

Abberly Village, West Columbia, SCMost likely your home is your biggest asset. It’s also your biggest expense. Unfortunately when it comes to retirement planning, the family home is often last on the list of later-in-life changes.

There are many reasons for this delay. Emotionally it’s difficult to let go of a home filled with memories; moving can be a big process; and downsizing to an apartment may not produce a substantial cash windfall. For these reasons, many retirees delay for years moving into an apartment.

However, in many cases the benefits of downsizing sooner rather than later can be significant.

The financial benefits may seem small initially, but in the long term they can extend the life of your retirement savings. You may hesitate to sell a mortgage-free house and move to an apartment with a monthly rent payment, but with a home many of the expenses are hidden. It’s the ongoing maintenance such as: roof, furnace, windows, grass cutting and landscaping or snow removal — not to mention the annual costs of heat, electricity and taxes on a large older home. These costs add up to a substantial amount.

Selling your home will eliminate any mortgage or other debt and reduce your monthly expenses. Add in the income you will earn from investing the equity of your home and the savings from no home maintenance. Compare that to the monthly rental payment of an apartment.

In many cases retirees are financially better off by renting. If downsizing makes sense, don’t wait. Sometimes people have a hesitation to downsize because they like to keep the family home so when children and grandchildren visit they can stay there. You should carefully consider the cost of this decision. It’s cheaper to pay for a hotel for the relatives than cling to the family home and all its associated costs (taxes, maintenance, heat, etcetera).

Trading the variable and hidden costs of home ownership for the visible cost of an apartment can help with planning and budgeting. You know what your fixed costs will be.

Even without a mortgage, housing will often account for 30 per cent of retirement expenses.

Besides the financial benefits, is simply the practicality. Many people fail to consider how the aging process makes it harder to move. The process is exhausting at a young age. It’s much more daunting for retirees.

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

#HowYouLive

thechronicleherald.ca


More Seniors are Renting

Joseph Coupal - Wednesday, April 11, 2018

Abberly Village, West Columbia, SCAn interesting phenomenon among seniors who are selling their home is their changing attitude about buying another. Younger home sellers are typically focused on quickly buying another home. Their lifestyle has changed and they need to sell and buy another.

Most senior sellers will become senior homebuyers but there is an increasing trend among seniors selling their home: They don’t intend to buy another home and they are making the decision to rent.

“I think we’ll rent for a while” is an increasing response to my question: “Have you thought about your next home?”

Rent? Here are folks who have worked hard all their lives to pay off the mortgage so that they could enjoy retirement in their own home and now they want to rent?

Isn’t renting for the economically challenged, the young millennials, the unstable? Why throw money away renting when equity-rich seniors can sell and buy the home of their dreams?

The homeownership rate for seniors has been declining for the last 10 years as an increasing percentage chose to rent rather than own a home. A recent national survey of seniors who rent were asked the question: Why?

One-out-of-ten planned to buy a home within the next 6 to 12 months, about half could not afford to buy but four-out-of-ten responding seniors who could afford to buy, won’t. They’re content to remain tenants.

Why do you suppose more seniors are choosing to rent than own?

Replacement home too costly

Most seniors who are selling say that they would like to downsize into another, perhaps smaller, single-level home, closer to shopping, medical facilities and family. We have homes meeting that description in our county but they are usually higher in price than the market value of a senior’s existing home.

If family is in the region, perhaps relocating to another state is not an option. Faced with reinvesting all their sale proceeds and perhaps the obligation of a new mortgage, many choose not to sell their home or if they sell, they will rent.

Demands of homeownership

Often seniors don’t have the same physical strength at 60 as they did at 40. Some seniors are physically unable to maintain, remodel or repair everything that’s routinely necessary.

Rural properties require even more attention. Whether clearing brush or mowing the back yard, it takes good health and energy to maintain a home.

Renting is cheaper

Despite what the real estate community would have you believe, every homeowner knows that at the end of the day it’s more expensive to own a home than rent one.

Absent a mortgage, homes are still expensive to maintain. Ask anyone who has had to replace a leaking roof, a new HVAC system or replace a deck.

Retirees likely have less income than when they were working and many depend upon Social Security as their primary source of income to pay household expenses. Renting may not be the lifestyle they would prefer but it is one that they can afford.

Been there, done that

While some seniors enjoy puttering around their home with projects and working in their yard or garden, many don’t. They have spent a lifetime tied to their homes with the responsibilities of ownership while their friends have been vacationing. These seniors do not want another long-term commitment to a home. As tenants, mobility finally becomes an option.

Fear of another real estate bubble

Most of our grandparents never psychologically recovered from the Great Depression. They became compulsive savers, skeptical of debt and leery of investing in the stock market.

The 2008 Great Recession and the collapse of home values left a similar impression on many retirees. They have personally experienced how quickly the value of their home can disappear. They have watched helpless as friends and neighbors lost their home to foreclosures. They know first-hand that the real estate market has up and down cycles and they are not going to get caught in another.

There are 75 million baby boomers who are on the verge of retirement. For the next 20 years an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life. What’s fascinating is after a lifetime of homeownership more are choosing to rent.

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

#HowYouLive

Mountain Democrat


Apartment Hunting in West Columbia, SC

Joseph Coupal - Wednesday, April 04, 2018

Abberly Village, West Columbia, SCAbberly Village offers stylish apartment homes in an enviable location situated between Downtown Columbia and Lexington. Presenting outstanding features, inviting floor plans and upscale amenities, these apartments in West Columbia, SC will captivate those who seek contemporary living with comfort and convenience. Space to live, In the place to live.

These apartment Homes are equipped with Individual air conditioning, microwave ovens and washer/dryer in all units. We offer and have rental rates from $893 to $1,402. This apartment community also offers amenities such as Business Center, Clubhouse, pool and fitness center, and Controlled Access. Choose either a 1 bedroom apartment, 2 bedroom apartment, or 3 bedroom apartment all with varied floor plans ranging from 684 Sq.Ft to 1408 Sq.Ft. As a resident of Abberly Village Apartment Homes, you can pay rent online, submit maintenance requests, and get community news by logging in securely to your Resident Portal.

Abberly Village Apartment Homes is managed by HHHunt, a reputable property management company. For more details, contact Abberly Village.


Determining if Downsizing is for You

Joseph Coupal - Wednesday, March 28, 2018

Abberly Village, West Columbia, SCMany retirees downsize their homes, but this decision requires careful consideration of a variety of factors.

As men and women retire or approach retirement age, many opt to downsize their homes. Such a decision can save older adults substantial amounts of money while also liberating them from the hassle of maintaining large homes they no longer need.

Downsizing to apartments is a significant step, one that homeowners should give ample consideration before making their final decisions. The following are a handful of tips to help homeowners determine if downsizing to smaller homes is the right move.

  • Get a grip on the real estate market. Downsizing is not solely about money, but it’s important that homeowners consider the real estate market before putting their homes up for sale.

Speak with a local realtor or your financial advisor about the current state of your real estate market.

Downsizing can help homeowners save money on utilities, taxes and mortgage payments, but those savings may be negated if you sell your house in a buyer’s market instead of a seller’s market. Luckily, right now is a seller's market.

  • Take inventory of what’s in your house. Empty nesters often find that their homes are still filled with their children’s possessions, even long after those children have entered adulthood and left home. If the storage in your home is dominated by items that belong to your children and not you, then downsizing might be right for you.

Tell your children you are thinking of downsizing and invite them over to pick through any items still in your home.

Once they have done so and taken what they want, you can host a yard sale, ultimately donating or discarding what you cannot sell. Once all of the items are gone, you may realize that moving into a smaller place is the financially prudent decision.

  • Examine your own items as well. Your children’s items are likely not the only items taking up space in your home.

Take inventory of your own possessions as well, making note of items you can live without and those you want to keep.

If the list of items you can live without doesn't really bother you, then you probably won’t have a problem moving into an apartment.

If you aren’t quite ready to say goodbye to many of your possessions, then you might benefit from staying put for a little while longer.

  • Consider your retirement lifestyle. If you have already retired or on the verge of retirement and plan to spend lots of time traveling, then downsizing to an apartment may free up money you can spend on trips.

And if you really do see yourself as a silver-haired jet-setter, then you likely won’t miss your current home because you won’t be home frequently enough to enjoy it.

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

#HowYouLive

thechronicleherald.ca


Reasons to Rent a Home in Retirement

Joseph Coupal - Thursday, March 22, 2018

Abberly Village, West Columbia, SCHomeownership and retirement don't always mesh. Here's why you might consider renting as a senior instead.

Though owning a home has long been hailed as the American Dream, that's not necessarily the case when it comes to retirement. Since 1990, homeownership has declined among 55-64 year-olds, and experts expect this trend to continue in the coming years.

Before you prepare to live out your senior years as a homeowner, here are a few reasons to consider renting instead.

1. Your housing costs will be fixed

The problem with homeownership is that even in the absence of a mortgage payment, you still face countless unknown costs. Your property taxes, for example, could go up significantly if you have a year when your home is reassessed. Similarly, as your home ages, your regular maintenance costs could easily go from manageable to downright astronomical.

There are repairs to consider -- problems that aren't expected, but rather pop up suddenly and constitute a huge financial burden. Do you really want to deal with those when you're on a fixed income?

When you rent a home, you're locked into the same monthly payment regardless of whether the roof starts to leak or the heater needs repairs. If the local lawn service raises its rates one year to cut the grass, that's not your problem. Of course, the downside of renting is that your landlord could raise your monthly payments once your lease expires -- but if that happens, you could always find a new home or try to negotiate.

2. Owning may not help much from a tax perspective

One benefit of being a homeowner is getting to deduct the interest on your mortgage, thus saving you money on taxes. But if you're coming into retirement mortgage-free, which is the case for the majority of homeowners 65 and over, then that benefit no longer exists.

3. You'll get more flexibility

The beauty of being retired is not being tied to a job, or that job's location. This means that if you want to pick up and move to a state with warmer weather or get closer to your grandchildren, you're free to do so -- provided your home isn't holding you back.

As a renter, you have the option to leave your home once your lease ends, or, in many cases, break your lease prematurely with a reasonable bit of notice. Selling a home, by contrast, could take months, and there are numerous expenses you might encounter along the way. You may therefore be better off unloading your home prior to retirement and buying yourself that added leeway later in life.

Now this isn't to say that renting a home in retirement is always the right move. But, it pays to think about the benefits of renting at a time in your life when you're no longer bringing home a steady paycheck.

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

#HowYouLive

fool.com


Living in the Neighborhood of West Columbia, SC

Joseph Coupal - Thursday, March 15, 2018

Abberly Village, West Columbia, SCColumbia is the state capital of South Carolina and has quite a lot to offer in terms of a family lifestyle. Columbia, SC, neighborhoods range from the affordable to the luxurious, all offering quiet lifestyles that are close to good schools and safe living. The city is home to the University of South Carolina (USC), which brings a student life and culture to the area. Downtown Columbia has a restored waterfront, giving families and students fun dining and entertainment options. Close to the Appalachian Range, it is situated on a large river gorge (specifically the Congaree, Saluda and Broad rivers), making the area low lying and full of lakes and waterfront spots.

Located just to the west of USC, the neighborhoods of Cayce and West Columbia are home to sports lovers and college life. The two regions are often joined because they are divided by common roads and schools. Cayce is an area known for its local history, such as the Native Americans who lived here some 12,000 years ago. Both are near the city center. The crime rates in West Columbia have steadily fallen by 10 percent year over year.

This is an area with a broadly diverse population and a mix of white-collar and blue-collar jobs. Move here, and you'll enjoy fine dining and lots of entertainment on State Street, and don't forget to tailgate at USC football and basketball games!

Does this sound like a place you may want to live? For more information on apartments in West Columbia, SC contact Abberly Village.

#HowYouLive

movotto.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