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

Rent or Buy In and Around Charlotte? We Choose to Rent - Mooresville, NC

Joseph Coupal - Wednesday, December 28, 2016

Abberly Green Apartments in Mooresville, NCWith 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 may pay less for more space and we would 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 necessarily wrong.

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 many 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. In Charlotte our rental rates give us the amount of space we need in the neighborhoods we want.

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.

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.

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 near Charlotte, NC contact Abberly Green.

#HowYouLive
charlotteagenda.com


Happy Holidays from Abberly Gren Apartments in Mooresville, NC

Joseph Coupal - Tuesday, December 20, 2016
Abberly Green apartments in Mooresville, NCIt is once again "end-of-year" blog post reflection time.  If you are reading this blog post, you care enough about us and our business to invest a minute or two reading here.  That means a lot to us.  The primary reason for this blog is to educate and inform our readers; as an ongoing act of giving thanks for the privilege of earning your continued trust and continued professional partnerships. So we're glad you're here.

We reflect today on the blessings that so many of you bring to both our personal and professional lives. Over the course of 2016, we hope that we have made a difference in many personal and professional lives. This is the true essence and a key measure of professional reward and business success.

It is our sincere wish that all of you bask in the joy of reflection and within the warm confines of family and friends throughout this Holiday season and throughout 2017. Cheers!

Happy Holidays!

-from all of us here a Abberly Green Apartments in Mooresville, NC.

#HowYouLive 


Renting is Becoming the Better Option in Many Cities - Mooresville, NC

Joseph Coupal - Friday, December 16, 2016

Abberly Green, Mooresville, NCMillennials fretting over the high costs of buying a first home, fear no more: renting may be the better financial option anyway.

A new report shows the growth of home prices is outpacing that of rents across many major metropolitan areas in the United States, which could be yet another factor decreasing the country’s historically low rate of homeownership.

The Wall Street Journal reported a just released third-quarter housing index that compares housing prices and rents in 23 major cities.

Of all 23, the Journal reported, homes were becoming more expensive faster than rents were rising. Nationwide, the cost of buying a home spiked 5.5 percent year-over-year September, while rents jumped only 3 percent.

That trend doesn’t appear to be headed for a change in the near future, either: developers are about to deliver one of the largest influx of apartments in history— a supply boom that will likely keep rent growth at a moderate rate.

Meanwhile, the rising home costs have showed no sign of stopping, even as brokers call for sellers to moderate their expectations and lower asking prices.

The trend has also brought the nation as a whole closer to the tipping point for being renter friendly.

Cities where buying is still the better option, according to the Journal: Atlanta, Boston, Chicago, Cleveland, Los Angeles, New York and Philadelphia. [Wall Street Journal].

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

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therealdeal.com


Rent or buy? Baby Boomers Want Less Responsibility– Apartments in Mooresville, NC

Joseph Coupal - Wednesday, December 07, 2016

Abberly Green apartments in Mooresville, NCMillennials may be known as the “renter generation,” but they’re apparently not the only group that’s showing increased interest in the rental market.

Instead of putting money down on a smaller house when they’ve outgrown their current living quarters, more Baby Boomers are keeping their options open and examining the benefits of living in a rental apartment.

According to data from ApartmentList.com, the population of Baby Boomer renters increased by 34 percent from 2007 to 2008. The trend was recognized as one of the drivers of a 4.3 million increase in the number of renter households in the U.S. from 2005 to 2015.

But cost is unlikely the main appeal for older home-hunters.

In an analysis of monthly costs by GoBankingRates.com, there is a long list of states in which it’s cheaper to rent a home than purchase one.

Many Boomers are moving in the direction of renting just to “give themselves a break”.

Renting is just an option for them that alleviates the pressure and allows them to breathe for a little bit. The thought of renting, psychologically, is a reprieve for them.

Renters, for example, have fewer worries about maintenance outside their walls. And, depending on the unit’s size, Boomers may be able to get all the luxury they want in a smaller space and with fewer stairs.

When weighing the perceived benefits of renting, people should think of their financial future, rather than the present.

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

#HowYouLive

nj1015.com


When Renting an Apartment in Mooresville, NC is a Smart Decision

Joseph Coupal - Thursday, December 01, 2016

Abberly Green Apartments, Mooresville, NCConventional wisdom suggests buying a home makes more financial sense than renting. In many cases, this is true. However, renting is sometimes a smarter approach than buying. As with any financial decision, all of the options and circumstances need to be weighed before jumping in. Making a major purchase requires doing your homework. The following are some reasons why renting can be more beneficial than buying.

You are young

The typical first-time home buyer is 31 years old. People who are younger than that and uncertain about their futures should not feel pressured into buying simply because it is presumed to be the “adult” thing to do. Renting and feeling your financial way, which can include seeing how a job pans out or where your budget lies after paying off debts, might make more financial sense than buying.

The price-to-rent ratio is too high

Buying may seem like a wise idea, but it could be causing you to spend more than necessary, particularly if you check the price-to-rent (P/R) ratio and find homes in your area are not fairly priced. Figuring a P/R ratio includes finding two similar houses (or condos or apartments) where one is for sale and the other is for rent. Divide the sale price of the first place by the annual rent for the second. The end result is the P/R ratio.

Home prices continue to rise

Some people find themselves being priced out of certain neighborhoods or cities. RealtyTrac recently analyzed median wage and home-price growth between 2012 and 2014, ultimately finding that, while the typical worker’s earnings increased a meager 0.3 percent during the study period, median house prices were up by 17 percent. Wages have not recovered from the Great Recession as quickly as home prices have, and some people may need to rent out of necessity.

A market shortage makes it harder to find an affordable home

The number of homes available for sale in many areas of the country has fallen below the number that realtors say is required for the market to be in balance. Therefore, even when a home becomes available, demand drives the price up to where it may not be affordable or fiscally smart to purchase. In such instances, renting may be the best option.

You don’t meet the buying criteria

Don’t buy a home based on market conditions or pressure from others. Instead, buy when you’re financially ready. This means being out of debt; having between three and six months of expenses in an emergency fund; enough cash for a 10 to 20 percent down payment on a fixed mortgage; and when your mortgage payment will be no more than 25 percent of your monthly take-home pay.

Renting can be a smart move in many instances. Only when individuals are financially and emotionally ready to buy should they begin searching for their first homes. For more information on apartments in Mooresville, NC contact Abberly Green.

#HowYouLive
abqjournal.com



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