Abberly Square Apartment Homes

2350 Eden Woods Drive, Waldorf, MD 20601
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When You are Better Off Renting

Joseph Coupal - Friday, October 13, 2017

Abberly Square, Waldorf, MDYou're better off renting an apartment in Waldorf, MD if:

You are indecisive. Buying a home is a big decision. It will likely be the biggest purchase you ever make. And before you spend that kind of money, it's good to know what you want. But if you find yourself singing the praises of hardwood floors one week and then talking up the benefits of wall-to-wall carpet the next, you might not be ready. Is a dishwasher a must? What about a second bathroom? Before you hand over a large down payment, you should be able to prioritize and have a good idea of what will make you happy.

You want to phone it in. For repairs and maintenance of any kind, sometimes it's nice to be able to phone a a landlord. Of course, when you own a home, you can phone an expert to fix a problem, but you have to pay them. When you rent, the majority of that responsibility falls to your landlord.

You like to keep your options open. Whether you want to be able to move down the block or across the country, it's nice to know you can. Living through the recent recession, many people weren't able to find buyers for their homes when they were transferred to new locations or when they simply couldn't afford to pay the mortgage. If you want the flexibility to switch careers and/or coasts, renting may be the better option for you.

You want your cash elsewhere. Maybe you want to invest in the stock market, start a business or have some cash on hand for an emergency. You may not feel like tying up your money in a home. Buying a home usually requires a large sum upfront and then a percentage of your money for the life of your mortgage. If you want the flexibility to choose where your money goes, buying a home might not be right for you.

You don't understand (or you don't want to). Owning a home can feel like it has its own language. Between mortgages and taxes, there's lots to learn. There are resources to help it all make sense. But if you want to remain blissfully ignorant, you can keep renting. You might even be a renter for life. If you are interested in renting an apartment in Waldorf, MD, contact Abberly Square.

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Questions to Ask When Deciding To Rent or Buy

Joseph Coupal - Tuesday, October 03, 2017

Abberly Square, Waldorf, MDWith interest rates dropping again, it is tempting to consider buying a house. But deciding whether to buy or rent can be complicated, and potential homebuyers have a lot to consider. Here are some key questions to help you make wise financial choices when considering buying a home.

1. How much can you afford to put down? Can you afford the monthly payment?

A mortgage down payment of 5 to 20% of the selling price is typical. The size of the down payment will impact the monthly cost. Assess your financial health and consider if you can then afford the monthly cost.

2. What other debt do you have?

Consider all of your current and expected financial obligations and ensure you are able to make all the payments. Your monthly bills, including a mortgage payment should be less than 35 to 40% of your monthly income. If you can’t keep payments below that, you may be better off renting.

3. What is my credit score? Can I qualify for a good interest rate?

A high credit score qualifies you for better interest rates on a mortgage. If your credit score is low, you may want to rent and take steps to raise your score. Our apartments in Waldorf, MA reports on-time rent payments. Renting at Abberly Square or from any HHHunt apartment home can raise your credit score.

4. How much will taxes, monthly maintenance or other fees cost?

Owning a home means you will have to pay real estate taxes and other costs like insurance and maintenance. Remember to factor in these costs. Renters have no additional monthly costs beyond rental payments.

5. How many years will I stay here?

Generally, if you are not going to stay in one city for at least 5 years, it makes sense to rent. Renters have greater flexibility to move.

For more information on apartments in Waldorf, MD, contact Abberly Square.

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Luxurious Apartments in Waldorf, MD

Joseph Coupal - Friday, September 29, 2017

Abberly Square, Waldorf, MDMaryland is a very popular area to visit and to live. Regularly receiving accolades as a wonderful place to retire, on the list of “Best States,” packed with wonderful small towns, where you can enjoy scenery and beaches, where jobs are surging, and filled with things to do. In fact, Maryland has a mild climate and so much to do. Waldorf is a beautiful and conveniently located city with art, theater, and located near DC. Great nightlife, easy day trips, and overflowing with charm, people from all over love their decision to move here.

If you are looking for an apartment in Waldorf, MD look no further than Abberly Square. These luxury apartment homes have a community environment and exclusive amenities. We offer one-, two-, and three-bedroom apartments along with luxury apartment community amenities.

Abberly Square sits in an convenient retail and business community. Get a taste of the history, art, small city living and comfort, along with a built-in community. This is a distinctive apartment community environment made for those seeking apartment amenities, spacious and inviting floor plans and the dedication of a committed management team.

For more information on apartments in Waldorf, MD, contact Abberly Square.

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Apartment Hunting in Waldorf, MD and the DC Area

Joseph Coupal - Friday, September 22, 2017

Abberly Square, Waldorf, MD Are you apartment hunting in the DC area? If so, a one bedroom apartment in Waldorf, MD may be something to consider. Located Waldorf, MD, just 28 miles from Washington D.C., you can live here with convenience without congestion. This apartment community offers residents many community amenities as well as being tucked into a scenic setting that is also conveniently located just off Route 301. Abberly Square offers 1-bedroom apartments that range in size from 715 square feet to 1016 square feet. But that is not the only thing that sets us apart. Each luxurious apartment offers:

  • BRAND NEW
  • One, Two and Three Bedroom, Large, Open Floor Plan Options
  • 9-Foot & 10-Foot Ceilings
  • Triple Crown Molding
  • Granite Countertops
  • Mocha Wood Cabinets with Brush Nickel Hardware
  • Black Appliances
  • Island Designed Kitchens*
  • Wood Plank Flooring in Kitchens and Bathrooms
  • Glass enclosed showers
  • Oversized Garden Tubs
  • Oversized Closets
  • Valet Trash Removal
  • Close to Shopping, Restaurants and Entertainment
  • Easy Access to Hwy 301 and Rte. 5
  • Expansive Windows
  • Washer and Dryer in Every Apartment Home
  • Serene Walking Trail
  • Picnic Area with Cabana

Abberly Square offers you a wonderful place to live, relax and make friends and we take care of the rest. Not only has Waldorf been called “One of DC's Best Kept Secrets,” this is a luxury apartment community that offers the best in apartment amenities. Some of those amenities include:

  • Vibrant Clubhouse with 4K Ultra HD Smart TVs , Demo Kitchen for Socials
  • Invigorating Private Pool with Social Shelf and Large Sundeck
  • Outdoor entertainment area with gas log fireplace and lounge seating
  • Adrenaline Cardio and Strength Studio
  • Detached Garages Available
  • Billiard & Foosball Social Lounge
  • Technology Lounge
  • Dog Park
  • Car Care Center
  • Large Grassy Areas with Immaculate Landscaping
  • Car Charging Stations
  • Rentable Banquet Hall

Our apartments in Waldorf, MD have floor plans that have what you need in order to call your apartment a home. In addition to the community we offer, our location is premier because of its scenic and convenient location. Stop your apartment search here, contact us.

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Things To Consider When Renting an Apartment - Waldorf, MD

Joseph Coupal - Friday, September 15, 2017

Abberly Square, Waldorf, MDThe internet has made it very easy to search for rental properties. Unfortunately, it's also made it easier for scammers to create fake ads on sites like Craigslist, which attract victims with promises of low rent, only to take their security deposits and leave them on the outside looking in.

There are steps every renter should take to make sure looking for — and finding a new place to live — is safe and successful.

Location, location, location

You've heard it before — it's considered the first rule of real estate. Ask yourself these questions:

  • Does this location make sense in terms of my day-to-day life?
  • How far away is it from work or school?
  • Is there a grocery store nearby?

Location makes a difference mostly in regards to safety. The apartment should be in a part of town where you feel safe. It should be clean and close to school or work.

Do your research

Visit potential apartments in person when possible and go online to access customer reviews on management companies. If you're deciding between two apartments, a bad review of one management company could sway your decision.

Also, keep your eyes open while you tour. Are the hallways clean? Is there trash piling up in the parking lot? You can learn a lot about a management company that way.

Ask what's included

You might be ready to jump into a lease when you hear about a low rent, but find out what's included in that cost. Does it include heat, electricity, cable, internet, sewer or trash collection? Do the math to figure out if a slightly higher rent makes sense if more of those things are included.

Read your lease carefully

Ask any questions you have about the lease prior to signing it. Know what you're getting into before you sign on the dotted line.

You hear it a lot, especially from college students — renters get into an apartment, then four months later they want to leave when a friend asks them to move into another place. But they don't realize what their lease says (preventing them from moving to the new apartment).

Some leases auto-renew every year, others require a 30- or 60-day notice in writing to vacate.

Just make sure all your 'i's' are dotted and your 't's' crossed.

For more information on apartments in Waldorf, MD contact Abberly Square.

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Baby Boomer Retirement Plan: Downsize

Joseph Coupal - Friday, September 08, 2017

Abberly Square, Waldorf, MDBaby Boomers are increasingly downsizing and opting out of homeownership entirely in order to prepare for retirement, according to a new study from Bank of America Merrill Lynch.

The survey pointed out that tens of millions of Baby Boomers will soon migrate into retirement, and could soon modify family spending, continue working or downsize or relocate their home.

In fact, three out of four Baby Boomers answered they would downsize their home to lower ongoing costs and for the benefit from the equity. Another 67% said they would be willing to move to a less expensive location.

But many Baby Boomers also said they were willing to give up homeownership entirely. The study showed 47% would consider selling their home and renting an apartment.

Although we are all challenged to fund our longer lives, this suite of studies has repeatedly revealed that Americans remain quite hopeful and are willing to consider a wide range of course corrections in order to enjoy a secure retirement.

A study last summer by Freddie Mac showed that, because older generations are downsizing, they are actually pushing Millennials out of the housing market. And for those who aren’t downsizing, they seem to be abandoning the American Dream as Baby Boomers begin moving into the apartments and urban areas.

For more information on apartments in Waldorf, MD contact Abberly Square.

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Housingwire


Renting Now Looks Better Than Before

Joseph Coupal - Thursday, August 31, 2017

Abberly Square, Waldorf, MDMillennials locked out of the housing market have this consolation: House prices have shot up so quickly that the financial advantage of being a homeowner is fast eroding in many of the most expensive U.S. cities.

"While it’s often a better deal to buy, the economic benefit has narrowed to the point that in some places, for some households, the decision to rent or buy a home may be too close to call," says Cheryl Young, an economist at real estate data company Trulia, which tracks the comparative advantage of home-ownership in the 100 largest U.S cities.

The shift has come because home prices and interest rates have risen recently, while rents have largely stagnated.

To be sure, owning remains at least a bit cheaper than renting in all 100 of the major cities on Trulia's list.

Yet that difference has narrowed sharply from last year, when owners were paying roughly 41% less than renters.

In some popular cities, moreover, the homeowner advantage is close to being erased.

And it wouldn't take that much to erase those homeowner price advantages altogether, the Trulia data shows. Even a 22% difference could be eliminated if home prices continue to outpace rents -- or if interest rates rise.

For instance, Trulia's calculations are based on the current average 30-year mortgage rate of 4.1%. If rates climbed 2.7 percentage points to 6.8%, the current homeowner advantage would disappear completely, Trulia found.

That's not necessarily an outlandish scenario. While mortgage rates have remained low since the 2008 financial crisis, rates around 7% are much closer to the historical norm. Federal Reserve officials, whose control of short-term interest rates gives them some sway over mortgage prices, expect those short-term rates to rise roughly two to three percentage points over the next few years.

Trulia's rent vs. buy calculations are based on median homes value and rental prices for April 2017. Trulia also assumed homeowners took out a 30-year mortgage covering 80% of a property's value and lived in the property for seven years.

That seven-year assumption is key, because there is one scenario where it's often cheaper to rent than buy: when you plan to stay in a home for just a couple of years. In that case one-time costs like the real estate agent's commission and closing costs loom larger -- and you benefit less from your home's appreciation.

For more information on apartments in Waldorf, MD contact Abberly Square.

MONEY


Reasons Why Charles County is DC's "Best Kept Secret"

Joseph Coupal - Friday, August 25, 2017

Abberly Square, Waldorf, MDNational magazines are beginning to learn what local businesses and residents have long known: Charles County, Maryland is ‘Washington, DC’s best kept secret.’

Location

Charles County is just 30 minutes away from Washington, DC, a top metro for businesses. The County is “positioned in the heart of the DC-Baltimore-Richmond Corridor. Therefore, the county provides businesses with access to over ten million people within a two-hour drive.”

Workforce

As residents know, Charles County is home to a highly-qualified workforce. Charles “has a workforce of 1.4 million within a 45 minute commute to Waldorf,” and has a “rapidly growing population already holding advanced degrees, including bachelor and graduate degree holders,” a trend that is sure to increase in the coming years.

Available Commercial Space

Of course, companies that are looking for a location need available space to house their companies. Luckily, “the county has ample industrial and commercial property that has preliminary approval in place. These locations are just minutes away from the Capital Beltway, a unique logistical advantage to many companies and businesses.”

Low Cost of Doing Business

Many companies who choose to operate in the County are attracted by the area’s low cost of doing business. In fact, compared to the DC Metro average, average office lease rates in the County are nearly 40 percent lower, retail space is nearly 32 percent lower, and industrial space is more than 20 percent lower. In addition, the County’s average weekly labor costs employers 31 percent less than Maryland’s average and 45 percent less than the DC Metro’s average.

High Quality of Life

People love living in Charles County, where homes are affordable and school systems are highly-ranked. In fact, CNNMoney recently named Waldorf 20th on the “Best Places to Live” list, and Expansion Solutions said quite simply that the “County is welcoming and safe.”

Just a few reason why the County is “Washington, DC’s best kept secret.”

For more information on apartments in Waldorf, MD, contact Abberly Square.

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meetcharlescounty.com


Reasons to Move to Maryland

Joseph Coupal - Thursday, August 17, 2017

Abberly Square, Waldorf, MDMaryland may be the 9th smallest state, but don’t let that deter you from moving here—it’s home to the best crabs in the world, great sports teams and beautiful landscapes. Plus, its position right next to our nation’s capital allows residents all the perks of D.C. without the pricey living.

1. Experience Ocean Life At the National Aquarium

There’s something fishy about Maryland, which is home to one of the best aquariums in the states. The award-winning National Aquarium in Baltimore has more than 17,000 specimens to keep you busy. An open ocean shark tank and a multiple-story Atlantic coral reef rank among the most popular exhibits for guests and residents alike.

2. There's No Shortage of Fresh Blue Crabs

Maryland natives never tire of eating crabs, whether they’re freshly caught and doused in Old Bay seasoning or mixed into one of their famous crab cakes. Because of the state’s proximity to the Chesapeake Bay, there’s no shortage of fresh blue crabs. It’s an unspoken rule here that you must know how to properly pick and eat a crab, so pick up your crab mallet and get crackin!

3. It Won't Make A Huge Dent in Your Wallet

Location, location, location. Maryland is right next to D.C., yet you don’t have to deal with all the extra expenses that come with living in the area. Many folks choose to live in the more affordable Maryland and commute to work in our nation’s capital. According to NerdWallet, Eldersburg is one of the most affordable cities in Maryland with a sizeable median household income of $101,663.

4. Maryland Has It All When It Comes to the Great Outdoors

Maryland is in that sweet spot when it comes to hanging out outdoors. It has all four seasons, plus it has your mountains, beaches, farms and big cities, so there’s something for everyone. Sink your toes into the sandy shores of the Chesapeake Bay or mountain bike along the Blue Ridge Mountains.

5. It's Birdtown, USA

Maryland is home to two world class sports teams: The Orioles and the Baltimore Ravens. From football season to baseball season, Maryland residents bleed purple and orange and come together as a state to cheer on their beloved teams. And it’s no wonder they cheer—the Ravens have qualified for the NFL playoffs a huge 10 times since 2000.

6. Booming Job Market

Maryland’s economy continues to be one of the best in the nation, and this leads to a vast array of job opportunities, especially in the tech and trade industries. Maryland is home to many federal agencies such as the National Institute of Health and the Goddard Space Flight Center, and its prime location on the Eastern seaboard makes jobs in these industries plentiful.

7. It's Home to the Best Hospital in America

You’ll feel a little better living near the nation’s (and one of the world’s) highest-rated hospital, Johns Hopkins. For 21 years, Johns Hopkins Hospital was ranked No. 1 on U.S. News and World Report’s annual list. Residents in Baltimore and all across the state have access to world-class care at Johns Hopkins, which also happens to be a top employer of the state.

8. This Tiny State is Rich in History

As one of the 13 original colonies, Maryland is steeped in history. At one point in time, two of Maryland’s biggest cities, Baltimore and Annapolis, were dubbed our nation’s capital. Also note: The mysterious Edgar Allan Poe called the Old Line State his home before he was buried in Baltimore and wrote nevermore.

For more information on apartments in Waldorf, MD, contact Abberly Square.

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Why Renting is Better than Buying

Joseph Coupal - Thursday, August 10, 2017

Abberly Square, Waldorf, MDWhile 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 as opposed to buying a house of your own. 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, your landlord is responsible for all maintenance and repair costs. If an appliance stops working or your roof starts to leak, you do not have any financial responsibility to have these things fixed.

Access to Amenities

Another financial benefit to renting over buying a house of your own is having access to amenities that would otherwise be a huge expense. Luxuries such as an in-ground pool or a fitness center come standard at many midscale to upscale apartment complexes with no additional charge to tenants.

No Real Estate Taxes

An obvious benefit that renters have over homeowners is that they do not have to pay real estate taxes. Real estate taxes can be a hefty burden for homeowners.

No Big Down Payment

Another area where renters have the better financial deal is upon signing. You do not have to have a huge down payment saved up to move into a rental property. While the exact amount you need to move in varies from case to case, the total amount is significantly less than you would need to buy a house.

Shaky Market Creating More Renters

While many experts claim the U.S. Housing market is making a full recovery, others aren't so sure. An article written by International Business Times claims that the market is just now stabilizing and the word 'recovery' is unwarranted.

Decreasing Property Value

Property values go up and down, and while this may affect homeowners in a big way, it does not affect renters. Home value determines the amount of property taxes you pay, the amount of your mortgage and more. In a rocky housing market, renters are not as adversely affected.

Flexibility to Downsize

In today's economy, 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 the lease. When you are a homeowner, it is much more difficult to break free of an expensive house because of the fees involved with buying and selling a home.

Fixed Rent Amount

Rent amounts are fixed for the span of the lease agreement. This means you are able to budget more efficiently since you know the amount of rent you are required to pay. Mortgages and the amount of the property tax can fluctuate.

Lower Insurance Costs

While homeowners need to maintain a homeowner's insurance policy, renters would be wise to invest in a renter's insurance policy. Luckily for renters, renter's insurance is much cheaper and it covers quite a lot. The average cost of renter's insurance is just $12 per month.

Lower Utility Costs

It is much more affordable to heat and power an apartment or small rental home as opposed to a larger home. Rentals typically have a more compact floor plan, and renters can expect lower utility costs.

The Bottom Line

While owning a home may be beneficial over a long period of time, 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 is a personal one. Before making a hasty move, make the financial decision that is right for you and your family.

For more information on apartments in Fredericksburg, VA, contact Abberly Southpoint.

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Abberly Square Apartment Homes

2350 Eden Woods Drive, Waldorf, MD 20601
844-652-1446 240-585-7263 Email Us View Map