Abberly West Ashley Apartment Homes

3100 Ashley Town Center Drive, Charleston, SC 29414
Call: 844-502-5938 Email UsAbberlyWestAshley.PropertySite.HHHunt@aptleasing.info View Map

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

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Apartments Charleston SC Blog

The Affluent are Renting - Charleston, SC

The Affluent are Renting - Charleston, SC

Joseph Coupal - Thursday, January 26, 2017

Abberly at West Ashley, Charleston, SCThe real estate market has adapted to consumer demands in recent years, moving towards more abundant options and amenities as well as an increase in rental availability. There are many reasons why wealthy couples, families and individuals are choosing to rent rather than purchase homes. Multiple factors are involved and the trend is likely to continue as the next generation of affluent Americans is drawn to the many advantages of pursuing options designed for luxury.

In a society that has come to favor time over money, people now prefer to minimize unneeded responsibilities and remove extra duties from their lives. A Business Insider article asserts that "Many high net worth individuals have properties in various locations and would rather skip the cost and maintenance associated with owning" which is one of multiple reasons wealthy Americans are renting. A shift in attitude is being seen towards ownership as people manage their net worth in a different way. The investment in freedom to choose a home based on personal criteria is now a very positive influence in current housing considerations.

Although the allure of ownership, and the equity that goes with it, is still common, the values have shifted over a number of years. U.S. Census Bureau data shows a 217% increase in the number of renter households earning more than $150,000 a year between 2005 and 2015. Put another way "For some it's a lifestyle choice, as renting is more popular thanks to the high-end apartment market phenomenon that's been spreading all over the U.S. in the last couple of years."

The rising housing costs and volatility of the market are encouraging people to choose the safer option of renting what they want, where they want it, without any of the risk involved. Also, cities are growing with new and different rental options becoming available. The conveniences available in new, high-end communities, combined with the ease of mobility that renting allows are considerable influences on affluent Americans choosing to sign a lease. Young adults are leading this trend as they seek out alternatives to owning and delay first-time home buying, sometimes indefinitely, because they prefer the new luxury rental accommodations that are rapidly becoming available.

For more information on apartments in Charleston, SC contact Abberly at West Ashley.

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Yahoo Finance


It's Cheaper to Rent in Charleston, SC

It's Cheaper to Rent in Charleston, SC

Joseph Coupal - Tuesday, January 17, 2017

Abberly at West Ashley, cheaper to rent in Charleston, SCA new housing report says it's more affordable to rent than buy a home in Charleston County based on average wages and median home prices.

Property information service ATTOM Data Solutions says the median home price in Charleston County is $289,000, and it would take 47 percent of the average income in the area to buy. On the other hand, the they found it costs $1,382 on average to rent a three-bedroom property in the region, requiring about 36 percent of income.

A general rule for housing is that about one-third of earnings before taxes should go toward providing shelter.

The company analyzed federal data and home sales across the country in 540 counties with more than 900 home sales for its 2017 Rental Affordability Report. It found it is more affordable to buy than rent in 66 percent of U.S. housing markets. But not in Charleston, SC.

While buying continues to be more affordable than renting in many of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017,” said Daren Blomquist, senior vice president with ATTOM Data Solutions.

The report found it is cheaper to buy than rent in all other metro areas of the Palmetto State except Beaufort County, home to Hilton Head Island.

For more information on apartments in Charleston, SC, contact Abberly at West Ashley.

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Post and Courier


Is Downsizing For You? – Charleston, SC

Is Downsizing For You? – Charleston, SC

Joseph Coupal - Wednesday, January 11, 2017

Abberly at West Ashley, Charleston, 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 smaller homes or 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. If you think the current market won't get you the price you are hoping for, delay your downsize until the market rebounds.

- 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 is extensive, then you probably won't have a problem moving into a smaller home. 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 a smaller home may free up money you can spend on trips. And if you really do see yourself as a silver-haired jetsetter, then you likely won't miss your current home because you won't be home frequently enough to enjoy it. If travel is not high on your retirement to-do list but you have a hobby, such as crafting, restoring classic cars or woodworking, that you hope to turn into a second profession, then you might benefit from staying put and converting your existing space into a workshop.

Many retirees downsize their homes, but this decision requires careful consideration of a variety of factors.

For more information on apartments in Charleston, SC contact Abberly at West Ashley.

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The Times


Happy New Year 2017 from Abberly at West Ashley in Charleston, SC!

Happy New Year 2017 from Abberly at West Ashley in Charleston, SC!

Joseph Coupal - Thursday, January 05, 2017

Abberly at West Ashley apartments in Charleston, SCA fresh new year has arrived once again. It’s the time to be thankful for everything we have and for everything we have achieved in the past year. But it is also time to start new, start strong, and accomplish everything we want to do this year.

It is also time for us to say “Thank You” for our success last year. If you are an existing associate, we have enjoyed working with you. If we are just embarking on a new relationship with you in 2017, we look forward to the opportunity. We are excited for what we all can achieve in 2017.

The New Year stands before us, like a chapter in a book, waiting to be written. We can help write that story by setting goals. – Melody Beattie

Happy New Year from Abberly at West Ashley in Charleston, SC!

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Abberly West Ashley Apartment Homes

3100 Ashley Town Center Drive, Charleston, SC 29414

Call or Text: 844-502-5938
Email UsAbberlyWestAshley.PropertySite.HHHunt@aptleasing.info
View Map

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

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