Abberly Green Apartments

117 Abberly Green Boulevard, Mooresville, NC 28117
Call: 844-379-4792 Email UsAbberlyGreen.PropertySite.HHHunt@aptleasing.info View Map

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

Apartments Mooresville NC Blog

Financially North Carolina is one of the Best States to Retire

Joseph Coupal - Wednesday, July 11, 2018

Abberly Green Apartments in Mooresville, NCWe all want to make the most of our money, especially once we retire. Finances pay a big part in deciding where to spend your golden years; fortunately, North Carolina is one of the most tax friendly states for retirees – perfect for enjoying the finer things in life.

North Carolina Retirement Taxes

There’s a few reasons why North Carolina makes the cut as one of the best states to retire to for taxes. Due to a tax reform back in 2013, the Tar Heel state now charges income tax at a flat rate of just 5.75% as well as a tax exemption on all Social Security retirement benefits. There’s no wonder these retiree friendly taxes add that extra appeal for those looking to relocate during retirement.

Competitive Cost of Living

As well as North Carolina providing great taxes for retirees, you’ll also find a low cost of living in the state. The lower price of food, utilities, transport and housing here compared to other states means you’ll have more freedom to spend money on the things you love. If you’re in need of healthcare, you’ll be happy to know that prescription drugs are fully exempt from tax in North Carolina as well. The low cost of living retirees can enjoy here has even lead to the city of Durham being featured in MSN Money’s list of top ten places to retire.

Adventure On Your Doorstep

North Carolina has an abundance of spectacular scenery to discover. With national parks, waterfalls and mountains at every turn, you won’t need to travel far or spend much to explore this beautiful state. The state’s well-maintained highways provide easy access to North Carolina’s stunning beaches and quaint coastal towns, as well as the breath-taking views of the Blue Ridge Mountains – perfect locations for money saving days out!

Keep Active For Less

Living on a retirement income doesn’t mean you have to revert to a slower pace of life. Get out and explore all that this state has to offer. Having all this available on your doorstep is a great way to keep active without breaking the bank.

Combine a low cost of living, retiree friendly taxes and an abundance of free and budget friendly locations and activities and it’s easy to see why North Carolin of one of the best states to retire in, both financially and lifestyle wise.

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For more information on apartments in Mooresville, NC contact Abberly Green.

avhomesinc.com


Fourth of July Week, What to Do in the Charlotte Area

Joseph Coupal - Sunday, July 01, 2018

Abberly Green Apartments in Mooresville, NCNext week is America's Birthday. If you live in an apartment in Mooresville, NC here are some things you can do to help celebrate!

July 1

Charlotte Symphony Summer Pops: Celebrate America | Charlotte

Pack a picnic, blankets and chairs for Charlotte Symphony’s Summer Pops Celebrate America! With Fireworks. The concert features patriotic songs, followed by a dynamic fireworks display. $5-$15; children 12 and under admitted free. 8:15 p.m. Symphony Park, 4400 Sharon Road.

July 3

Summer Celebration | Mooresville

Enjoy local entertainment and food, kid-friendly activities and spectacular fireworks. Bring a blanket and chairs, and arrive early. Free. 4-10 p.m. Lowe’s YMCA, 170 Joe V. Knox Ave., Mooresville.

July 3-4

USNWC Fourth of July Celebration | Charlotte

U.S. National Whitewater Center’s Fourth of July Celebration is a two-day festival that features outdoor adventure, yoga, live music and spectacular fireworks displays. Musical performances take place each evening, followed by fireworks. $6 parking fee. 3-9:30 p.m. U.S. National Whitewater Center, 5000 Whitewater Center Pkwy. usnwc.org.

July 4

American 4-Miler | Charlotte

Kick off Independence Day with a 4-mile race and 1-mile kids’ run. No race-day registration. $5-$35. 7:30 a.m.; kids’ run at 8:30 a.m. Metropolitan, 1111 Metropolitan Ave., Charlotte.

WBT SkyShow Street Party and Charlotte Knights Baseball

Baseball and Independence Day combine for a fun festival that includes bounce houses, vendors and live music at the SkyShow Street Party in the afternoon followed by baseball and fireworks. The Charlotte Knights take on the Durham Bulls at 6 p.m. Game tickets start at $12. The street party begins takes place from 2-10 p.m. and is free. Mint Street and Martin Luther King Jr. Boulevard.

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charlotteparent.com


Live Near One of America's Best Cities

Joseph Coupal - Wednesday, June 27, 2018

Abberly Green Apartments in MooresvilleAs the land of opportunity, the United States has attracted people from around the world for centuries. Yet not all parts of the country are equally desirable, and some cities are far more liveable than others.

On an individual level, subjective measures often override other, more objective, considerations. Sometimes, we live in a place simply because it is where we grew up — it is familiar and where we feel at ease. Still, a range of factors can help compare U.S. cities objectively. Low crime, a healthy economy, and affordability are just a few examples of universally desirable attributes in any community.

24/7 Wall St. created an index of over three dozen socioeconomic measures to identify the 50 best American cities to live in. The most liveable cities span the country — from the Deep South to New England and from the Mid-Atlantic to the Pacific Northwest.

26. Charlotte, North Carolina

  • Population: 842,029
  • Median home value: $201,500
  • Poverty rate: 13.4%
  • Pct. with at least a bachelor’s degree: 44.1% (top 25%)

Charlotte is one of two cities in North Carolina with populations expanding at a near nation-leading pace and are among the 50 best places to live. Charlotte’s population increased by 24.7% over the past 10 years, more than three times the U.S. growth rate and the most of any city in North Carolina other than Raleigh or Cary.

Charlotte’s rapid growth is largely supported by a prosperous economy. North Carolina was one of the first states to allow banks to operate multiple branches within a single state, a regulation that led to banks rapidly expanding throughout Charlotte and the surrounding region. Today, Charlotte is home to the headquarters of Bank of America and the East Coast operations of Wells Fargo. Financial services is one of many sectors leading employment growth in the city, which was more than double the U.S. employment growth rate from 2014 to 2016. Charlotte is also home to numerous entertainment amenities including an NFL team, an NBA team, and the Carowinds amusement park.

For more information on apartments in Mooresville, NC down the road from Charlotte, contact Abberly Green.

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247wallst.com


You Can Afford Rent in the Charlotte Area

Joseph Coupal - Wednesday, June 20, 2018

Abberly Green Apartments in MooresvilleRent prices have risen over the past year across the U.S., but there are some bright spots: Several cities experienced modest price drops. In fact, the Charlotte area experienced an overall drop in rent prices.

Although rental rates went up nationwide, the increase was actually fairly modest at about 1.5 percent. That's down from a high of 3.6 percent in 2015. The increase was so minimal that it actually lagged the wage growth (2.7 percent) and overall inflation (2.5 percent).

Others that track the real estate market have also noted the slowing of rent prices. Year-over-year growth was down to 2.3 percent, falling from a 2015 rate of 4.7 percent.

It's definitely great news for renters.

To calculate rent growth rates, Apartment List looked at year-over-year changes using rent data collected from Census information through the American Community Survey that included properties ranging from large multifamily buildings to single-family homes. The site then extrapolated those rent estimates forward using price change data from the millions of properties listed on ApartmentList.com.

Of the 25 biggest cities in the U.S., Apartment List found seven where median rental rates actually decreased year over year.

The Charlotte area is one of these cities.

For more information on apartments in Mooresville, NC contact Abberly Green.

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cnbc.com


Hidden Homeownership Costs Often Top $9K a Year

Joseph Coupal - Wednesday, June 13, 2018

Abberly Green Apartment Homes in MooresvillePrepare yourself by knowing the less-obvious costs of owning a home. Insurance, maintenance and more add up faster than you think.

Buyers too often focus on a home’s list price or mortgage payment to determine what they can afford. However, the numerous less-obvious costs associated with homeownership can affect the monthly bottom line.

To help home buyers budget more accurately, Zillow and Thumbtack identified several common but often overlooked home expenses and calculated what homeowners around the country could expect to pay for them. The analysis also included utility cost estimates.

While each extra expense might seem small, they cost U.S. homeowners, on average, $9,080 a year, according to the report.

Unavoidable costs

Nationally, homeowners pay an average of $6,059 a year in unavoidable costs, which include homeowners insurance, property taxes and utilities. Since nearly half (47 percent) of home shoppers today are first-time buyers, many of these extra costs may come as a surprise.

Maintenance expenses

Nearly all homeowners (96 percent) have made some kind of improvement to their homes. While many complete these projects themselves, those who pay professionals can expect to spend an average of $3,021 for the six most common hired home projects: carpet cleaning, yard work, gutter cleaning, HVAC maintenance, house cleaning and pressure washing.

Budget planning

More than a third of buyers go over budget on a home purchase. In addition to the mortgage, the price includes estimated property taxes, insurance, PMI, utilities, taxes, HOA fees and closing costs.

For more information on apartments in Mooresville, NC contact Abberly Green.

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zillow.com


It Cost More to Own vs. Rent a Home in North Carolina

Joseph Coupal - Wednesday, June 06, 2018

Abberly Green Apartments in MooresvilleOwning 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, such as financial security and stability, tax deductions and a vehicle for retirement savings. 

While renting can't offer those long-term financial benefits, it's cheaper to rent on a month-to-month basis, the analysis found. 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. The state where the premium to own a home is lowest is Florida, where it costs a median of 33% more to own than to rent. The states with the next lowest premiums are Colorado (40%) and Arizona (41%).

In some states, the cost of owning far eclipses renting. In New Jersey, the state with the highest homeownership premium, the median monthly cost of owning is nearly double that of renting (93%). The next most expensive places to own are Rhode Island, where the median homeownership cost is 84% higher than renting, and Connecticut, where owners pay a median of 82% more than renters each month for housing.

Here's how much more it costs to own vs. rent each month in North Carolina - 49%.

For more information on apartments in Mooresville, NC, contact Abberly Green.

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Nerdwallet.com


Mooresville is a Great Place to Live in North Carolina

Joseph Coupal - Wednesday, May 30, 2018

Abberly Green Apartments in MooresvilleThe data site Niche.com named Charlotte area towns, including three Lake Norman towns in its ranking of 2018's best place to live in NC.

What's the best place to live in North Carolina? That depends on who you ask. According to a new set of rankings released by the neighborhood data site Niche.com, several of the best place to live in North Carolina in 2018 are in the Queen City metro area.

Niche.com took several factors into consideration to arrive at the rankings, such as: the quality of local schools, crime rates, housing trends, diversity, nightlife, walkability, weather, employment statistics and access to amenities.

Researchers gave the Raleigh-metro area town Morrisville, which has a population of 22,600, an A+ in public schools; A+ in good for families; A in housing; A in diversity; and a B in both crime and safety, and nightlife.

In the Charlotte-metro area, Davidson ranked highest at 4th in the state.

Mooresville, which has a population of 35,387, received A- in good for families, public schools and diversity. The median home value in Mooresville is $194,500, which is higher than the national average.

Said a current resident: "I have been a resident of Mooresville for nine years now, but I feel like a tourist with all of the new things that seem to keep appearing! There is always a community event happening in Downtown Mooresville, not to mention the great food there also. I have never felt more at home and welcome, and I have never felt more safe in a town than I do in Mooresville."

Niche.com "rigorously analyze dozens of public data sets and millions of reviews to produce comprehensive rankings, report cards, and profiles for every K-12 school, college, and neighborhood in the U.S." Niche has over 100 million reviews and poll responses.

For more information on apartments in Mooresville, NC, contact Abberly Green.

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Patch.com


Considerations for Retirees when Thinking of Renting

Joseph Coupal - Wednesday, May 23, 2018

Abberly Green Apartments in MooresvilleHome ownership has long held an honored position as an integral part of the American dream.

But when retirement time comes, rethinking that dream could be in order. Sometimes renting an apartment is the better bet both financially and in terms of the retiree’s changing lifestyle and health.

When people plan for retirement, they focus on things like how much they have saved, how much Social Security will pay, and whether they have pension. But as you get older, you also need to think about such issues as whether you can keep mowing the lawn or handling other day-to-day chores that homeownership requires. If you must hire someone to do them for you, how much will that eat into what may already be a tight monthly budget?

The truth: There’s no answer that will fit everyone’s situation. So, retirees or those approaching retirement, should weigh their personal pros and cons.

There’s a lot to think about. Should you sell the house you raised your family in and downsize to something more suitable for just the two of you? If you’re planning to move to somewhere else in the country to enjoy your retirement, is it more prudent to buy in that new location, or is leasing the way to go to give you more flexibility if it doesn’t work out?

Some things retirees should think about as they ponder the own verses rent question include:

Maintenance issues. When you own a home, every leaky faucet, electrical problem or faulty appliance is yours to handle as best you can. If you can do it yourself, great; but often, these household repairs mean calling in a professional at a sometimes-exorbitant cost. When you rent, it’s up to the landlord or the property management company to take care of the repairs.

Mobility. Selling a house can be a long and complicated process, and you never know what the market might be like when the time arrives. Whereas breaking a lease is much simpler. If your children are scattered all over the country, you may want to move closer to one of them. Also, if your health takes a turn for the worse, selling a home can be a significant burden on your family.

The inheritance. For many people, a house is the most valuable asset in their estate and they might want to leave it to their children in the will. Once again, it’s a matter of weighing the pros and cons. Having a home to pass down to the children is a noble gesture, but it is not always feasible.

Before considering whether owning or renting is the right option, it’s essential to review all the intricacies of your situation and decide based on your finances and your overall health and well-being.

For more information on apartments in Mooresville, NC contact Abbelry Green.

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myvalleynews.com


Should I Rent or Own My Home?

Joseph Coupal - Wednesday, May 16, 2018

Abberly Green Apartment Homes in MooresvilleWith 10 months left on a 2-year lease, my husband and I are tripping over ourselves in the rent vs. buy dance.

Buying seems like the next most logical life step for two gainfully employed recently wed 30-somethings. With a mortgage we’d pay less for more space and have something to call our own. We’d finally feel settled, build up equity and do typical HGTV things like renovate bathrooms over and over again.

But at what cost?

For us, buying would most likely mean moving further outside the city, adding an undesirable commute and a tax on our most valuable asset: time. It would mean dropping hefty sums of money on unexpected expenses for things I’ve always taken for granted in my rentals like roofs and air conditioners and carpet. It would mean tying ourselves to a multi-hundred-thousand dollar anchor.

Most people will try to talk you out of renting with a logical financial argument in favor of buying. They’re not wrong. It just makes mathematical sense that in most major American metros, buying is cheaper than renting in the long run.

And then there’s the social pressure. Once I was trying to convince a friend to sell her place, move closer to the city and rent an apartment like mine since the commute was wearing on her. Her response was that she didn’t want to “go backwards” in life. It had never occurred to me that I was behind because I didn’t own a house.

For me, financing a suburban American dream I don’t want to live doesn’t make sense. Where most look at homeownership as a step in the right direction towards personal and financial success, I see it as a big expensive burden that moves me deeper into debt (albeit a strategic investment) and further away from my desired urban, unrooted, minimalist lifestyle. That’s hard to maintain as a first-time homebuyer.

So we decided we’re not in a rush to buy.

I’m sure home buying will be for us eventually, but for now we’re content to save up some more cash and relish the often overlooked finer things of the renter’s life.

Renters don’t have to fix even the simplest things that break — Our door lock busted the other day. I called our landlord and he had a locksmith there to fix it (on his dime) pronto. Could I change out a lock? Yes. Would I rather someone else do it? Yes.

The biggest renovation decision a renter has to make is what color paint to use.

Renters don’t have to buy or replace expensive basic life necessities — I’d be content to go my entire life never ever paying money for a toilet.

The bank doesn’t have your life by the throat for 30 years — Home buying is smart debt if you do it right but debt makes me queasy regardless. I save up and pay cash for my big purchases. I worked three jobs in grad school to avoid taking out loans. And if I could rummage it up, I’d pay cash for a house. (Might have to be a tiny house though.)

Renters don’t cut the grass — This, of course, depends on your housing situation, but if you’re in an apartment without a lawn or a house rental with built-in HOA maintenance, you’re lawn mower free, my friend.

You can pick up and leave whenever you want — This is the big one for me. If I land in a place I don’t love, I like knowing I’m out at the end of the lease. I also like knowing I could leave the city all together. I’ve been in Charlotte for 6 years. My family is here. My business is here. I should have bought a house a long time ago. I’m not going anywhere. But I like knowing I could go anywhere if I really wanted to. That freedom, I think, is the best part of being a renter.

For more information on apartments in Mooresville, NC, contact Abberly Green.

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charlotteagenda.com


More Retirees are Renting Apartments

Joseph Coupal - Wednesday, May 09, 2018

Abberly Green Apartments in MooresvilleAn 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 Mooresville, NC contact Abberly Green.

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Mountain Democrat



Abberly Green Apartments

117 Abberly Green Boulevard, Mooresville, NC 28117

Call: 844-379-4792
Email UsAbberlyGreen.PropertySite.HHHunt@aptleasing.info
View Map

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

$839-$1,239