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 Best Towns for Young Families in South Carolina

The Best Towns for Young Families in South Carolina

Joseph Coupal - Wednesday, July 26, 2017

Abberly West Ashley, Charleston, SCTourists may come to South Carolina for the Southern cooking, fresh produce and ocean views, but young families stay for more.

With that in mind, NerdWallet focused on the following questions in our analysis of cities and towns across the state:

1. Does the town have good public schools? We measured schools’ academic performance with ratings from GreatSchools. This non-profit compares a given school’s standardized test scores to the state average to obtain a rating on a 1 to 10 scale (10 representing the highest score). Higher ratings led to a higher overall score.

2. Can you afford to live there? We looked at both average home values in each town and ongoing monthly home costs, including mortgage payments, real estate taxes, insurance costs, utilities, fuel and other bills. Lower costs led to a higher overall score.

3. Is the town growing and prospering? We assessed a town’s economy by looking at average household income and income growth over the last decade. Higher income and greater growth led to a higher overall score.

The best towns in South Carolina for young families

9. Charleston

Charleston’s historic downtown is among the most elegant in the nation. It maintains the city’s antebellum architecture and features cobblestone streets trodden by horse-drawn carriages. The economy, by contrast, is entirely modern, and it has been adding jobs to the city at a tremendous rate since the early aughts. Engineering, in particular, has seen growth with companies like Boeing establishing offices here in the last several years.

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

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nerdwallet.com


Charleston, SC Rent Trails National Average

Charleston, SC Rent Trails National Average

Joseph Coupal - Wednesday, July 19, 2017

Abberly at West Ashley Apartment Homes, Charleston, SCApartments in the Lowcountry are less expensive than the national midpoint, and prices are falling just as rates across the country are on the rise.

In its June study, Apartment List notes that Charleston's median rent stands about 6 percent below the national average. "As rents have fallen in Charleston, many other large cities nationwide have seen prices increase, in some cases substantially. Charleston is still more affordable than most similar cities across the country," the company says.

The Apartment List monthly report tracks rent growth, median prices and market trends. This month, the company includes major updates to its calculations. The changes generally have to do providing rent estimates that guard from skewing toward luxury apartments as in the past.

Among highlights of the local apartment outlook:

Rents in Charleston dipped 0.1 percent in the past month, and sank 2.3 percent year-over-year.

  • Midpoint rental prices tend to be more affordable here than comparable cities elsewhere in the U.S: Charleston's median two-bedroom rent is below the national average. San Francisco, by contrast, has a median two-bedroom rent of more than twice the price in the Lowcountry.
  • Charleston's year-over-year rent change lags the state average, up 1.6 percent, as well as the national 2.6 percent average growth. Countrywide, rents have risen 0.5 percent in the past month.

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

#HowYouLive

postandcourier.com


Rent is Still Low in Charleston, SC

Rent is Still Low in Charleston, SC

Joseph Coupal - Wednesday, July 12, 2017

Abberly at West Ashley, Charleston, SCThe costs of leasing apartment homes or other rental properties in the Lowcountry rose slightly in the past month but still lag last year by close to 2 percent. Rents in greater Charleston increased 0.8 percent in June from 30 days earlier, according to San Francisco-based Apartment List online rental marketplace. However, lease prices are down 1.7 percent year-over-year in metro Charleston, the company says.

Median rent prices in the Lowcountry are "more affordable than comparable cities nationwide," the company notes. Charleston's median two-bedroom rent is below the national average.

By comparison, the Apartment List national rent increased 0.5 percent in the past month and stands 2.9 percent higher than a year ago.

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

#HowYouLive

postandcourier.com


11 Reasons Not to Buy a Home

11 Reasons Not to Buy a Home

Joseph Coupal - Friday, July 07, 2017

Abberly at West Ashley, Charleston, SCThere’s a lot of hype about why you need to own a house. But buying a house isn’t the key to financial security for everyone – and those alleged tax advantages? They are not quite what they’re painted to be.

Here’s a list of eleven reasons – many of them tax-related – why some don’t want to ever own a house again:

As investments go, it’s not always a great deal.

While it’s true that some homes do appreciate, so do many other assets. If you bought a house for, say, $200,000 thirty years ago, it would be worth $468,375.09 today. While that gain feels impressive, that appreciation is based solely on inflation – which means that, in theory, the same appreciation would have happened with any asset.

The mortgage interest deduction doesn’t make up for the fact that you’re still paying a lot of interest.

The large percentage of homeowners take out a loan when they buy a home. With average mortgage rates at 4.3%, you’ll actually pay $356,307.44 for a $200,000 home: $156,307.44 in interest alone. Averaged over 30 years, that works out to a little over $5,000 per year (even though in practice you pay the most interest at the beginning). Assuming you’re in a 25% bracket – and you itemize – that works out to a tax savings of just over $1,300 per year. But the word “savings” is somewhat of a misnomer because you’re still out of pocket more than you get back in tax savings: in our example, you would “save” less than $40,000 while paying out more than $150,000 in interest.

Homes often tempt people borrow more than they can afford.

When buying a new dress or a new car, consumers tend to focus on the cost of the item alone when determining how much to spend. But when it comes to mortgages, that number edges up because of the potential for tax savings (again, see #2). With that temptation, combined with a sluggish economy, it’s no wonder that more than 10 million homeowners are currently underwater on mortgages worth more than actual house values.

Owning a house subject to a mortgage drives up debt to income ratios.

Assuming that you borrow to buy your home that debt load can be a drag on your credit and ability to borrow for other things. A mortgage dramatically increases the debt to income ratio.

A mortgage is typically 20 or 30 years while, at any given time, the current administration has only four (or possibly eight).

The home mortgage interest deduction has been around for what seems like forever. Does that mean it that you can count on it to be around in 10, 20 or 30 years? Don’t be so sure. The deduction has become increasingly vulnerable: it has been a talking point in practically every administration from Bush to Obama.

A mortgage is typically 20 or 30 years.

Home ownership can limit your mobility. In order to move, you have to sell – or rent – your first home. Selling a house in a poor economy is no small feat.

Houses take a lot of your money.

There’s a reason that many folks refer to their homes as money pits: you often put a lot of money that you’ll never see again into a home. Not all improvements are deductible. Deductible expenses are generally limited to casualty loss deductions. In most cases, significant repairs to your home merely increase your basis for purposes of calculating a gain at sale. As most taxpayers aren’t likely to experience the kind of gain that would subject them to capital gains, basis isn’t always an issue which means that those expenditures get lost. Often homeowners get fixated on two numbers: the purchase price of the house and the selling price of the house – but don’t forget to account for all of the money you spent in between.

If you do hit the home appreciation jackpot, there can be significant taxes.

Not all houses bleed money. Not all appreciation can be attributed to inflation and/or a combination of home improvements – sometimes, it turns out to be a good investment. But there is a price: if the gain on the sale of your home exceeds the $250,000 exclusion (or $500,000 for married taxpayers), the proceeds over that exclusion are subject to capital gains.

Real estate taxes can vary.

While mortgage payments can remain fairly flat, assuming you have a fixed mortgage rate, you more or less know what you’re paying each year. You don’t always have the same result with real estate taxes. Your tax bill can change based on property assessments and reassessments or a change in tax rates as townships and counties search for revenue.

You can’t deduct a loss on the sale of your home.

If you lose money on stocks, you can net those losses against other gains. If you lose money in business, you can deduct those losses or use them to offset other gains. But it doesn’t work that way when it comes to housing. You can never claim a capital loss on the sale of a personal residence – no matter how much it hurts.

It’s getting more difficult to claim the itemized deduction.

Only about 1/3 of taxpayers even have the option of taking the home mortgage deduction. You itemize if your deductions exceed the standard deduction. Those numbers are getting harder to get to for many taxpayers. Mathematically, the longer you own your house, the less you owe in interest and the smaller the deduction.

Owning a home is not a bad thing. But for some, renting makes more sense. And when renting, maintenance is no longer my problem.

Real estate can be a good investment for some taxpayers. But we shouldn’t buy into the idea that owning a home is for everyone. At the end of August, the U.S. Census Bureau reported that the home ownership rate was 65.5%, the lowest rate in the past 50 years.

There are so many considerations when deciding whether to buy a home. It’s not the ‘ideal’ scenario for all families. Don’t be fooled by promises of tax savings and tax-free appreciation: that’s not always the case. A home is a huge investment so be sure to research what it might mean for you before taking the leap – and don’t be afraid to say no. For more information on renting apartments in Charleston, SC, contact Abberly at West Ashley.

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Forbes


Charleston, SC: Cheap Rent and Good Jobs for New College Grads

Charleston, SC: Cheap Rent and Good Jobs for New College Grads

Joseph Coupal - Wednesday, June 28, 2017

Abberly at West Ashley, Charleston, SCThere are certain things that as a new college graduate you have little control over, such as when you're forced to join the real world. If you happened to graduate in 2008 — when the economy was hemorrhaging jobs while the stock and housing markets were collapsing — you were somewhat out of luck. Still, there were things you could have done to improve your financial odds even in the Great Recession, such as picking a city with the best odds of finding a good-paying job and an affordable place to live.

Which begs the question: Where are those cities for young grads today?

The real estate site Trulia and the careers site Indeed have teamed up to look at which cities provide the best combination of affordable rental properties and the types of jobs that typically employ new grads.

Their conclusion: Finding the ideal place to work and live is tricky, because the market in which you might find the best-paying jobs may also happen to be too pricey for a 22-year-old to afford rent.

There are parts of the country that have the highest percentage of jobs that were amenable to those right out of college. Almost a third of all postings in San Jose were "grad-friendly," and recent grads could expect to earn around $3,333 a month.

Trouble is, all of that economic activity has dramatically driven up demand and prices for homes and apartments. In the San Jose market, new grads can only afford 2.5% of the available rental listings in the area.

Do new grads have to choose between a paycheck in their pocket or a roof over their head? To an extent, yes.

Yet the researchers note that there are some "sweet spots" that offer the best of both worlds.

MONEY took the data from the survey and organized it a bit differently.

We eliminated any location where less than than 10% of the housing market was accessible to new grads, and then looked at the top job markets among the remaining towns on the list. We found the Top 50 of those markets, Charleston-North Charleston, SC is number 22.

22. Charleston-North Charleston, SC %
Monthly Income: $2,544
Percentage of Listings Affordable to Recent College Grad: 11.5%
Percentage of Grad-Friendly Job Postings:13.9

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

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Time - Money


The Low Country of South Carolina is Popular with Boomers

The Low Country of South Carolina is Popular with Boomers

Joseph Coupal - Wednesday, June 21, 2017

Abberly at West Ashley, Charleston, SCSouth Carolina has experienced rapid growth in the last 30 years, much of it from retirees seeking a warmer climate and lower cost of living. As more and more baby boomers begin to retire that trend is certain to continue. Retirees have been moving into all parts of the state, the area in the southwest low country, but near Hilton Head has experienced the most explosive growth.

South Carolina's population is growing. Some of that growth is coming from retirees entering the state. Obviously the housing market crash has impacted sales and prices in 55+ and active adult communities in SC, but probably less so than for the housing market in general. For the record, South Carolina has an income tax maximum rate of 7%, people over 65 get some significant exemptions.

Thanks to the great success of Hilton Head Island as a vacation and retirement spot, the entire southwestern area of the state is now a retirement hot bed. Part of the attraction is the many rivers and bays are in the area, making waterfront living possible for many people at somewhat reasonable prices. The region is dotted with active adult communities to explore.

What People Like about this area of SC:

  • Mild winter climate
  • Being near the coast, bays, and rivers
  • Cachet and prestige of Hilton Head
  • Brand new,master-planned developments
  • Outstanding recreation such as golf, tennis, fishing, boating
  • Many of the towns are charming

This part of SC is definitely one of the best retirement regions in the world. For more information on apartments in Charleston, SC contact Abberly at West Ashley.

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topretirements.com


Is Charleston, SC a Good Place to Live?

Is Charleston, SC a Good Place to Live?

Joseph Coupal - Wednesday, June 14, 2017

Abberly at West Ashely, Charleston, SCCharleston is a very livable place according to areavibes.com, and its residents would agree! It’s a great city for anyone with an interest in history – being the oldest city in the state of South Carolina, and its largest too, home to around 125,000 people in the city proper, and just over 691,000 in the metro area. Charleston has won many accolades since, including America’s Most Friendly City. So just what is it like to live in Charleston?

Crime and Safety in Charleston

The City of Charleston Police Department is the largest in South Carolina, taking care of residents and visitors to the city. The crime index is higher than the national average in the city, but levels are 41 percent lower than the South Carolina average, so as cities in this state go, Charleston is not too bad on the scale. The same can be said when we break it down into violent crimes and property crimes – Charleston is lower than the South Carolina average, but SC is higher than the national average. In general Charleston is safer than 20 percent of the cities in the United States, and the chances of being a victim of crime are 1 in 30.

Employment and the Economy in Charleston

As a major tourist destination there are many jobs in the tourism sector in Charleston, while other parts of the economy include a rising information technology sector thanks to the Charleston Digital Corridor. Higher education also employs a large number of people. Overall, the unemployment rate in Charleston in 2012 was 0.4 percent lower than the national average, and 1.6 percent lower than the South Carolina average at 7.9 percent.

Cost of Living in Charleston

It’s better news when it comes to the cost of living though – Charleston is 2.3 percent lower than the national average and just 1 percent higher than the South Carolina average at 98 percent. The main reason for this is the overall cost of housing in Charleston – it is 13 percent lower than the national average. Groceries, health care and utilities are actually higher though their higher cost is offset by the lower housing costs.

Schools and Education in Charleston

Most of Charleston is served by the Charleston County School District though some parts in the north come under the jurisdiction of the Berkeley County School District. In total Charleston has 38 public schools and 26 private schools. Higher education includes the College of Charleston, The Citadel, and Charleston Southern University. Levels achieved in education are far higher in Charleston than they are in the rest of South Carolina and the nation as a whole.

Air Quality in Charleston

The air quality in Charleston is good, no doubt helped by the city’s proximity to the ocean. The air quality index is 3.2 percent less than the South Carolina average, but 10.8 percent greater than the national average. The pollution index is very favorable though – it’s 76 percent less than South Carolina, and 88 percent less than the national average.

Overall Charleston does seem to be a great place to live – cost of living being lower, unemployment levels lower, and a good level of education; the only downside is a higher than national average crime level.

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

#HowYouLive

movoto.com


Buying a Home vs. Renting: Key Factors to Consider- Charleston, SC

Buying a Home vs. Renting: Key Factors to Consider- Charleston, SC

Joseph Coupal - Wednesday, May 24, 2017

Abberly at West Ashley, Charleston, SCAs Millennials age and start families, many are compelled to own a home instead of rent, but this should not be an automatic response. There are a seemingly overwhelming number of variables at play in making an informed decision on renting versus buying.

Common factors that influence whether you should rent or buy include the length of time before your next move, the difference in cost per square foot between renting and owning comparable properties in your area, mortgage rates, access to credit, and the affordability of a down payment for a home purchase.

Of course, anticipated repairs and maintenance costs are a serious consideration. But there also are smaller factors that can wind up playing a large role in the decision to own a home. What are the neighbors like? Are there homeowners association fees? What has the crime rate been in the neighborhood?

First-time homebuyers often make the dangerous assumption that they will make money on their home when they eventually sell it. The reality is that after all of the costs of home ownership have been factored in, many homeowners do not make out like a bandit. Increasing property taxes are a big reason why. Before committing, always know the annual taxes for your nest, and do not assume that they will remain static.

When it comes to renting, other questions come up, including how often and by how much the rent will increase and whether there is a pet policy. How many parking spots are included in the lease? Proponents of home ownership say renting is like throwing money away, whereas renters will say they have more flexibility and financial independence. Renting often can give individuals an opportunity to live in an area where either they would not be able to afford a home purchase or they wouldn’t want to take on the maintenance required of older neighborhoods.

A soaring housing market the past few years has functioned as a double-edged sword – a good investment for those whose homes have appreciated in value and a barrier for those who cannot buy homes with skyrocketing values. One of the main reasons housing prices have climbed so rapidly is the limited supply of homes available for purchase. Since the recovery from the 2008 housing crisis, there has been a historically tight supply of homes available for purchase, including existing homes or new construction. This has left the homes available for sale priced at a premium. It’s a seller’s market.

Yes, home ownership is exciting and fulfilling, but it should be considered very seriously. It should never be entered into lightly. It can become a nightmare that wrecks your credit or hurts your relationship with your partner.

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

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therivardreport.com


Apartment Hunting Mistakes – Charleston, SC

Apartment Hunting Mistakes – Charleston, SC

Joseph Coupal - Thursday, May 18, 2017

Abberly at West Ashley, Charleston, SCWhen apartment hunting, we assume we know what we want, and strongly believe that we know how to find it. However, this is not always the case. There are various mistakes that we can make while apartment hunting in Charleston, SC, including the wrong area, monthly price, and the roommate situation.

1. Wrong location

Apartment location is huge, especially when you plan on settling down for a few years and having the same address for longer than two semesters. To decide an area in which you want to live in, there is no better way than physically visiting the place.

A location is vital for obvious reasons, but also because we want to be close to certain things, such as campus, grocery stores, and gas stations.

2. Bad pricing

Pricing is everything. Make sure that you are looking in a bracket you can afford and are willing to pay. Nothing is worse than finding the perfect place and realizing that it is way over your budget.

It is always a solid idea to plan accordingly and to have money saved. In this case, better to have money saved than no money.

3. Relying on opinions

As we search for apartments, we have a habit of asking others for their opinions. If they have heard about the apartment complex before, if friends have lived there, or been there, etc. It is good to ask around in search of separate perspectives, special insight, or first apartment advice in general.

But, don’t make decisions solely based on what others say. Basically, this rule applies to any and everything in life. You should always be willing to listen, but not always willing to agree.

4. Unstable roommates

Finding an apartment also means that you most likely will have roommates. Whether they are random or not, they are still your roomies. And this means that you should attempt to find stable ones that are able to pay their portion of rent, electric, and water every month: the necessities. Plus, stability means being able to feed yourself.

Searching for a place to live also means that everyone is on board with living there and that down the road, they will not be blaming you for signing the lease. There is nothing like an argument revolving around the lease. Say hello to awkwardness and potential end of friendship.

5. Narrow choices

Apartment searching does not mean that you plan on locating your dream house, but also does not mean that you should be settling just because. You want to go into the hunt with a general idea of what you want, but then also not limit yourself.

Having too narrow of choices can make it extremely difficult to find an apartment, as well as putting unnecessary pressure on yourself.

6. No amenities

This is vital because who wants to pay $200 more a month just because there is a community pool? If anything, the apartment should come with a lot more than just that.

Common amenities include a gym, washer and dryer, visitor parking, pets accepted, and of course a pool is always nice. Try not to limit yourself once again, though. You may be missing out on really nice apartments just because they do not come with a deluxe gym (think about what you need versus what you want).

Looking for the very perfect apartment is not only difficult, but pretty much rare. You are not always going to be completely pleased with your results, but you can definitely be happy for the extent of the lease.

Attempt to steer clear of the common mistakes which include location, pricing, advice, choices, roomies, and amenities. Plus you may find the perfect apartment in an area you never thought twice about.

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

#HowYouLive

ULoop


Charleston, SC, One of the Best Places To Retire In South Carolina

Charleston, SC, One of the Best Places To Retire In South Carolina

Joseph Coupal - Tuesday, May 09, 2017

Abberly At West Ashley, Charleston, SCWhen it’s time to put away your work shoes for good, there are no better places in the Palmetto State to spend your golden years than these.

South Carolina: land of beaches, lazy days, warm weather, golf, and, of course, the home state of jazz musician Dizzy Gillespie, the epitome of smooth, relaxing music. In short, South Carolina is a retiree’s dream. Obviously, some places in the state are going to be better for retiring than others.

How We Created This Ranking

We know you’ve worked hard, perhaps for most of your life; so now that it’s coming time to (finally!) retire, we’re taking the work out of it for you. We came up with five measurable criteria to pinpoint precisely which places in South Carolina would be the best for your every retirement need:

  • Cost of living (high)
  • Crime rate (low)
  • Weather (average summer temperature and air quality)• Ease of travel (distance to nearest international airport)
  • Retiree amenities per capita (healthcare, adult education, dining, shopping, libraries, arts & entertainment)

#3 Charleston

With just over 120,000 residents, Charleston is easily the largest place in our top 10. It’s packed with things to do for retirees—a variety of adult education options, libraries, arts, shopping at the Charleston City Market, dining at places like Fig, Husk, and many other one-word havens of deliciousness, and more physicians than you could possibly see in a lifetime.

However, because we calculated retiree amenities per capita (rather than total), this wasn’t where Charleston truly shined. Where it really scored points in our analysis was in its high cost of living score of 100, and for its proximity to an international airport. In other words, if you ever run out of things to do in Charleston, you’re just 15 miles from hopping on a plane to Fiji.

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

#HowYouLive

movoto.com



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: 1P-5P

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