Call Today
Resident Survey Rent Vs. Buy
Abberly at West Ashley Apartment Homes
3100 Ashley Town center Drive
Charleston, SC 29414
AbberlyatWestAshley001@myLTSMail.com

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


Tags

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

Archive