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Abberly Place Apartment Homes
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Abberly Place Apartment Homes's posts

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Community - A Great Reason to Move to Raleigh

One of the best parts about Raleigh is that it's a city with a small town feel. Raleigh is a city where people know your face and that's all they need to know. It's often you will run into someone you met, recognize their face and embrace in a warm greeting without even knowing one another's names. There is a feeling of comfortability and familiarity in Raleigh that comes from that small town feel. You may not recognize it at first, give it six months though and you'll know exactly what we are talking about.

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Raleigh, Durham and Chapel Hill are known for their research/technology roots and collegiate rivalries. This tri-city region (known as the Triangle) is luring nearly 80 new residents a day with strong job growth and a high quality of life.

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In a lot of situations renting isn’t “throwing away money.” If you are buying a home for $300,000, with a thirty year loan, you’re paying almost $1,000 a month in interest. What about property taxes and homeowners insurance? That money just vanishes into thin air – $1,500 a month, at least. If you can rent for less than that, that’s what you should be doing. In fact, if it’s even close, you’re better off renting an apartment in Garner, NC because then you don’t have to deal with the cost of maintenance and repairs.

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Moving to a new city can be daunting, but there are ways you can make it easier.

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There is absolutely no reason to be making decisions based on something an “expert” said who decides to share his guess about what he thinks will happen next in the housing market.

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A 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.

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It 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.

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If you are planning to rent a home, expect some extra competition. A new survey from real estate marketplace Zillow shows more potential homebuyers, perhaps growing frustrated at the lack of available homes, are considering renting instead.

That means consumers who have no alternative but to rent will go head to head with consumers who have the means to buy a home but have decided to keep their options open and rent a place for a while longer.

Zillow has broken down the ins and outs of the typical home search. For those who want to rent a place, it now takes an average of 10 weeks to find a home to rent. It takes two weeks longer if you're looking in a tight rental market.

But for those who plan to buy a home, the average search takes 17 weeks, in part because rising prices have pushed more homes out of range and the overall decline in inventory means there are fewer homes to choose from. Most consumers who recently moved into a new home, regardless of if they rent or own, considered both buying and renting before settling on one or the other.

Continuing to rent an easy option

Just how tough is it to buy a home these days? The Zillow survey found more than half – 54% – of buyers lost the first home on which they made an offer. For many of these buyers who were renting at the time, continuing to rent became an easy option.

"The line between renting and buying is blurry, and that's a sign of the times," said Zillow Chief Marketing Officer. "It's difficult and time-consuming to find a home to move to, especially in competitive housing markets.”

Keeping rental options open can be a savvy strategy in today's housing market. Renting while still looking to buy allows him or her to avoid settling for a less-than-desirable home.

Still hard to buy, but for a different reason

After the financial crisis more people rented because they simply couldn't qualify for a mortgage under the new, suddenly tighter lending standards. Now that more people can afford to buy, there are fewer homes to purchase.

Zillow notes that renters now make up a larger group of the U.S. population than at any time in the last half century.

For more information on apartments in Garner, NC contact Abberly Place.

#HowYouLive
Consumer Affairs

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“Rent, don’t buy,” may be the new mantra among higher-income Americans. A study of U.S. Census Bureau data discovered much greater growth in renting versus buying among wealthy people.

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Owning a home is often considered to be a central part of the American dream. It might as well be an advertising slogan — “If you work hard for long enough, you can have your own house (among other nice things).”
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