Call Today
Resident Survey Rent Vs. Buy
Abberly at West Ashley Apartment Homes
3100 Ashley Town center Drive
Charleston, SC 29414

Apartments Charleston SC Blog

RSS Grab AWE Blog Feed

Get e-mail notifications of new blog posts! Enter email address below.

Delivered by FeedBurner


Why Renting is Better than Buying in Charleston

Joseph Coupal - Tuesday, December 04, 2012

Many still think they need to achieve homeownership. While both renting and buying have their own sets of financial advantages, renting does appear to have an edge when the economy is poor. There are tremendous financial benefits to renting an apartment in Charleston, SC as opposed to buying a house. Here is a look at 10 reasons why renters have the better financial deal over homeowners.
No Maintenance Costs or Repair Bills
A definite advantage that renters have is that they have no maintenance costs or repair bills to pay off. When you rent a property, your landlord is responsible for all maintenance and repair costs. Homeowners, on the other hand, are responsible for all of their own repair, maintenance and renovation costs.
Access to Amenities
Another financial benefit to renting is having access to apartment amenities that would otherwise be a huge expense. Luxuries such as a pool or a fitness center come standard at many apartment communities with no additional charge to residents.

No Real Estate Taxes
An obvious benefit that renters is that they do not have to pay real estate taxes. Real estate taxes can be a hefty burden for homeowners and vary by county. Property tax generally determined based on the estimated property value of your house.

No Big Down Payment
Renters have the better financial deal upon signing. There is no huge down payment to move into a rental property.

Shaky Market Creating More Renters
While many experts claim the housing market is making a full recovery, others aren't so sure. An article written by International Business Times claims that as of yet the word 'recovery' is unwarranted. As foreclosures continue, many are scared off of buying. By renting, you are avoiding potentially owing a mortgage that is more than the house's worth.

Decreasing Property Value
Property values go up and down, and while this may affect homeowners in a big way, it does not affect renters. In a rocky housing market, renters are not as adversely affected.

Flexibility to Downsize
Today many people struggle to make ends meet. By renting, you have the option to downgrade into a more affordable living space at the end of their lease. When you are a homeowner, it is much more difficult to break free of an expensive house.

Fixed Rent Amount
Rent amounts are fixed for the span of the lease agreement. While landlords can raise the rent with notice, you are able to budget more efficiently since you know the amount of rent you are required to pay. Meanwhile, mortgages and the amount of the property tax can fluctuate.

Lower Insurance Costs
Renter's insurance is much cheaper than a homeowners policy and it covers quite a lot. The average cost of renter's insurance is just $12 per month. The average homeowner's insurance policy cost ranges between $25 to $80 per month.

Lower Utility Costs
It is often much more affordable to heat and power an apartment as opposed to a larger home. Rental properties typically have a more compact floor plan, and renters can expect lower utility costs.

The Bottom Line
For many people renting is the better option. There are plenty of examples that show how renting can save consumers a considerable amount of money. The choice of whether to rent or buy your own home is a personal one. Before making a hasty move, review the details and make the financial decision that is right for you and your family.

For information on renting an apartment at Abberly at West Ashley, contact us.

SF Gate

Recent Posts


chocolate affair Halloween St. Patrick's Day events Preparing for Hurricane's Charleston area festivals Civil War history Charleston gas prices, Charleston, SC Apartment Homes Physical exercise Fort Sumter Visitor Education Center Charleston Festivals pierce Freeman cookie recipes crispy fried chicken Cooper River Bridge Run bands one bedroom apartment floorplans Charleston food events Southern Comfort Lowcountry Blues Bash weight-loss tips Mother's Day Super Bowl barbeque Christmas eve Health and fitness Getaways Chef’s Feast Spoleto Festival USA improve apartment air quality HHHunt Apartment Homes favorite cookie recipes car maintenance tips Paul Bettany Husk Dunkin Donuts Royal Wedding Donut renting an apartment trends SolidHires Charleston Carifest Charleston Scottish Games and Highland Gathering USS Yorktown Charleston Acquarium Beach Sweep fireworks Charleston Mardi Gras memorial day bar be que College Students creating healthy space apartment and community bacon cabbages Helga Weber Pic Charleston Fashion Week Archos 70 Internet Tablet appetizers Michael Jackson top movies Winter Holiday Alice and Wonderland The Slim Down the South Celebrity Softball Challenge American Idol bacon paste Recreation Charleston House and Garden Tours New Year in Charleston, SC Rent an Apartment Home Charleston Green Fair Folk Art Charleston living room Charleston 4th of July Charleston Fourth of July Liberty Square Charleston pc tablet Self-esteem ebooks Apartment Living Gifts to give during the winter holiday season end of the world resident appreciation Free Comic Book Day Charleston touch screen Things to do in Charleston fancy gift wrap hooliday parade of boats starting a business at a young age price fixed menu driving around town Charleston job fair improve credit score April Fool's Day Jokes Mary Whyte portraits apartment amenities, SC season 1 St. Patrick's Day, Charleston, SC The Southern Living Taste of Charleston aberly west ashley apartments Free Comic Book Day do i need renter's insurance improve indoor air quality Charleston Scottish Festival Apartment redecorating secrets Kiawah Island The Blessing of the Fleet & Seafood Festival 66th Annual Festival of Houses and Gardens One Bedroom Apartment Pelion High School Band renting vs buying Abberly West Ashley pet clean up SNOB Go green Charleston apartment food city Prince workouts Charleston marathon entertaining Sport climbing Going Home For The Holidays St. Patrick's Day parade, Charleston, SC North Charleston Arts Festival restaurant week Hurricanes College Life two bedroom apartment floorplans sleep creating healthy apartments boxed dvds Ben and Jerry's movies Charleston happy new year charleston Blue Bicycle Books apartments with a fitness center in downtown Charlston Osteria La Bottiglia Restaurant Charleston scrapbooking ideas Mother's Day grant money for school in Charleston 1 and 2 bedroom apartment home in Charleston Calvinists 4 line poems green technology renting in Charleston, SC Charleston Metro metabolism how-to ballet health Student Apartments in Charleston United State heritage fall cookie recipes Time change Missionary Mary Proctor Free Coffee Starbucks presents apartment hunting The Energy Detective HH Hunt Apartments The Holiday Festival of Lights dumbbells Oscars Paintball marker kids run new movie releases things to do, Charleston getaway Greek Festival Charleston, SC botox Rock climbing apartment in Charleston, SC Archos 9 Jennifer Moran symphony Twitter Buying a home in Charleston Houses and Garden Tours pet dog waste containment hosting apartment events New Year's Kiss apartments in Charleston, SC Charleston living concerts Mike Schramer Visionary Art Personal Finance Winter Lowcountry fare increase gas mileage, SC pet friendly apartments in Charleston holiday party reasons not to buy boxed dvds Earth Day Charleston DIY Abberly West Ashley performing arts charleston Groundhog Day South Carolina Aquarium 1 bedroom apartments christmas events charleston baths events in Charleston kitchen tools social media oyster roast Kiawah Island Motoring Retreat santa sleigh Holidays Mt Pleasant festivals chocolate daily deals Artistic Spirit Gallery Charleston Paintball live music in Charleston, SC two bedroom apartments in Charleston fireworks safety tips Vegetarian Charleston sleigh ride Timothy Dalton St. Patrick's Day parade Green Dragon Comics Charleston Food event vegetables Home and Garden Conan O'Brien bars in charleston The Real Taste of Gullah roads closed during Charleston marathon Charleston Beach Music and Shag Festival flicks West Ashley Charleston Apartments apple Ap technology clerihew green gifts Renting luxury apartments in Charleston South Carolina Hat Ladies Easter Promenade how to become a vegetarian dog poo Blues Festival Self-taught Art Charleston Middleton Place Garden Market Family fun in Charleston Real estate Charleston pets and pet owners New Year's Eve in Charleston, SC daylight savings time box dvds apartment service artisan cheddar rent vs buy car pool pubs in charleston working from home Cooking Bacon Cheddar Cheese Chicken Wings Recipe by the BBQ Pit Boys Downtown Charleston SC Dog video Earth Day Starbucks gift wrapping new movies simple fried chicken recipe renting after retirement Hanukkah Valentine's Day fruit christmas pet friendly apartments oyster festival Reformed Theology herbal tea Charleston Dirty Girl Mud Run gift wrap ideas Dog Carifest Charleston International Film Festival Lowcountry Jazz Festival fine art in Charleston, SC interest calculator Charleston SC bacon foods net book Pure Theatre Charleston home ownership blue oyster bash Design on a Dime crafts pet-friendly apartments in West Ashley near North Charleston Black Friday sales 15th annual Chef’s Feast renter's insurance the next Steve Jobs Ryan Seacrest Livestrong types of dogs raleigh apartments gadget gifts reuse Earth Day Charlotte, NC The Lowcountry Oyster Festival picks to win The Green and Lean 5K Walk/Run South Carolina Picture of the week French Huguenots entertainment weekly The Tourist Lights Before Christmas green living haunted Charleston, SC kitten video technology gift ideasunique motorcycle rides hurricanes in South Carolina Charleston SC 29414 free 1 bedroom apartments in Charleston Charleston tree lighting Guitar Lessons for Beginners Reduce Your Footprint Charleston Greek Festival dyeing eggs drugs Pet friendly community Bedroom working out classes Health & Tips for saving money in Charleston 2 bedroom apartments Tenants and Landlords apartment living for dogs Guitar Lessons Charleston apartments near theaters in Charleston St. Patrick’s Day at the Catch the Leprechaun 5K Run/Walk SCIWAY relocating to Charleston, SC Folly Beach South Carolina kitchen ideas housing near Charleston Southern University work from home beverages herb garden stop eating meat Housekeeping Credit Cards February 2nd Higher education make your own deodorant Off campus housing Dunkin Donuts Charleston cleaning up after dogs Charleston South Carolina Blessing of the Fleet and Seafood Festival cleaning Security deposit Personal computer rest snow pictures 2 bedroom apartments in Charleston Natural Cleaning Products Money Management Restaurants in Charleston where to trick or treat in Charleston Mount Pleasant New Year dog waste clean up cleaning out closets Meat Tourists Charleston labor day Charleston fairs visitors to Charleston SC Which foods are good to help your hair grow christmas activities charleston Annual French Service Charleston two bedroom apartments in Charleston, SC veggies that add great benefits to your body Charleston Cinco de Mayo Festival music on the green 2013 Panthers schedule mardicrawl student residents rent or buy James Island Halloween events rent ornaments eggs North Charleston Kentucky Derby workout ball dvd gifts Apartment Living in Charleston South Carolina diy pet clean up online review South Carolina daily meat eater Comic Book Genres men free refreshments bacon dishes community holiday electronics hurricane Southeastern Wildlife Expo 2011 Monday Super Heroes comics cheese, Food Sandra Bullock Beautiful Women in Charleston which foods are good to help vision improve apartment indoor air quality historical travel rocky road bars Pet photos sleigh Around Town stress free 2011 Hat Ladies Promenade recipes apartment complex in Charleston Lowcountry Strawberry Festival Renting Tips for Apartment Dwellers laptop replacement John Bonnell Charleston New Year's Traditions Rufus Sewell hygiene ice cream Charleston events rent or own gifts chores hyper local exercise kitchen tips pet cleanup in apartments Fort Sumter Reenactment decorating tips apartment deck hurricane safety the right vitamins for your eyes pet-friendly apartments in West Ashley near Savannah Highway Mother's Day scrapbooking ideas all - natural Is he cheating? hydrangeas Mount Pleasant strawberry festival Tablet Tim Tebow one bedroom apartments, SC Easter Charleston new year's eve events summer activities for kids energy bills horse racing 2010 picky eater Holiday Traditions comedy video one bedroom apartments in Charleston Starbucks indoor herb garden things to do Vegetable Tablets Children of the World Happy Father's Day Gift Idea's (Funny) benefits of carpooling affordable tablet Happy Easter American Idol auditions Going Vegetarian Downtown Charleston Apartment Homes Gullah culture Charleston, SC funny poems Charleston Race Week The Undy 500 Abberly at West Ashley deodorant Strawberry Festival Working in Charleston SC Charleston history father's day from abberly at west ashley House and Garden Tours personal hygiene apartment amenities apartment pet policies Dirty Girl Mud Run Baskin Robbins Royal Wedding Ice Cream Cake IRS rockettes green holidays apartment wishes stay focused with a goal-list moving with pets volunteer opportunities in Charleston Kiawah Island Golf Resort Barnes & HH Hunt best movies Blessing of the Fleet natural castile soap Charleston Restaurant Week two bedroom apartments, SC Wine and Food Festival, Charleston apartments in the Carolinas internet tablet eco friendly not the ipad Half Rubber Common Craft The Fool's Lear holiday events Irish Bars Charleston, SC restaurants in downtown Charleston shop local Charleston, SC bills, cut bills, finances, money, save money, spend less communities South Carolina Tourism Beach Sweep Folly Beach Black Cotton Biscuits hair Performing Arts Flowertown Festival how to improve credit score bill costs Apartments near Isle of Palms South Carolina green gadgets Calvinism fruits and vegatables lighting artisan cheese holiday parade of boats in plain english southern peaches America's Cup holiday gifts Service Team apartment home new year’s resolutions St. Patrick's Day new year’s eve French Huguenots Charleston drinking water restaurant events The Tonight Show Spring cleaning Edisto Island Bluegress Festival apartment community When is Michael Jackson's Birthday Festival of Houses and Gardens The right vitamins for your hair Lamps Plus bedroom sets, West Ashley District Things to do during the Holiday's Charleston NFL draft living in Charleston Clemson Tigers Angel Oak Nursery romantic dinners in Charleston, SC dog waste Time management Android Decorating your apartment balcony Lowe's Live Music in Charleston North Charleston Fourth of July food festival Charleston live music Huguenots foster a dog, Charleston, SC Go green tips Gym housing gardening Apartment Homes in downtown Charleston dvd series veterans day 5k party hot weather car maintenance tips Roommate Living in near Downtown Charleston health tips juicer fruit juice Atlatic Cup Race oyster roast recipe Training for a 5K Charleston Spoleto festival new year’s day teen entrepreneurs fine art weekend, Charleston, SC renting forever Coastal Carolina Fair Bojangle's yorkies Touchscreen new year's eve in Charleston renters insurance online The Sweetgrass Cultural Arts Festival apartments plants centerpieces MyPlate tool Soundwave music & renting in retirement rainy day activities Which Foods are good for your skin apartment renters workout dogs for apartments Art Galleries Charleston Michael's Arts and Crafts Charleston West Ashley patriots point Charleston, SC corn stalk maze Lake Murray why rent football April 1st forbes video network bread fried chicken batter Black Friday in Charleston Edward Clerihew Bentley Carolina Green Fair one bedroom apartments in Charleston, SC Shared Planet Initiative things to do when I am bored abberly west apartments carpooling entertain guests pet-friendly apartments in West Ashley near Main Street Jay Leno Archos special occasions spring St. Patrick's Day bar crawls, Charleston, SC pet-friendly apartments in West Ashley near I-526 Spring Jam Music Fest Valentine’s Day in Charleston what to do in Charleston apartment amenities Charleston, SC eco driver scrapbooking Abberly at West Ashley Apartment Homes Half Rubber tournament children Charleston South Carolina Jobs Starbucks in Charleston Music Lessons in Charleston movies South Carolina Apartments Body image renting vs owning Easter Parade song pub crawl Abberly at West Ashley Apartments films ipad travel Seafood Festival Apartment living in Abberly West Charleston South Carolina fitness Mom's Day web design Cooper River Bridge Run zucchini Starbucks on Windermere Boulevard holiday lights in Charleston, SC Panthers schedule valentines day date ideas Charleston area Colleges and Universities Renting Apartments in Downtown Charleston Hurricane Season fishing tournaments Charleston, SC Student mental health cleaning solutions living green abberly Fort Sumter save money MP3 Go Green Apartments in South Carolina iPad and your college tuition Charleston apartments labor day events Charleston North Charleston, SC Apartment planting burn notice Cheating husband the apple ipad SolidHires Charleston and Military Community Hiring and Resource Expo Charleston State Flower Renting in Charleston national chicken holiday Before You Buy a Home Read This deal of the day children's day fun festival South Carolina Gamecocks boredom bored? credit score living in an apartment health and fitness motivation Bluegress Festival mt. pleasant gas mileage, SC Charleston area restaurants Arts in Charleston troubled relationships Johnny Depp events better gifts indoor garden cartoon SPARC Hackathon 2.0 Hooked on Life Fishing Tournament baldness Water Thanksgiving events in Charleston Happy and Successful St. Patrick's Day in Charleston, SC Free Comics sweetgrass festival Charleston Bluegrass Festival Kiawah Island South Carolina Charleston, SC awards Charleston fireworks Captain's Comics and toys Charleston mountt pleasant student study habits Financial advice Folly beach Angelina Jolie fuel economy Clelia's Guitar Studio tax day like the ipad Nobles at the Westwood Plaza Thanksgiving Day 5K Trick or Treat Christmas in Charleston, SC Pets Ghost Adventures relaxation apartments things to do in Charleston, SC Food Carolina Panthers Civil War Reenactment Charleston Working from home is like a sport Winter Holiday Season in Charleston South Carolina PC World Music and Oysters for Wildlife decorating renting an apartment in Charleston The City of Charleston New Orleans Saints Charleston boat parade bacon products Apple Student loan bon Appetit Vegetarianism New Year celebrations in Charleston, SC Boon Hall Pumpkin patch Google 5K Races in Charleston Cash flow bear and wine insurance green 18 set dvds moving pets Santa apartments in Charleston dog walking live theatre charleston 29th Annual SC Peanut Party oyster fest staying fit French Protestant Huguenot Church Thanksgiving Academy Awards Brewvival shrimp and grits Starbucks on Windermere blvd Off campus student housing in Charleston South Carolina renting Veganism The right vitamins for your skin Spring Awakening" Charleston wine and food festival festival