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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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liveabiltiy.com


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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Investopedia.com


Rising Prices and Rates Make Renting Attractive

Joseph Coupal - Thursday, August 03, 2017

Abberly Square, Waldorf, MDSlowing rents coupled with rising home prices and mortgage rates are pushing many housing markets in the U.S. into rent territory, according to the latest national index produced by Florida Atlantic University and Florida International University faculty.

The major drivers for this quarter's scores appear to be slowing rents relative to the costs of ownership and climbing mortgage rates. Thus, on the margin, more potential owners should favor renting and reinvesting in a portfolio of stocks and bonds as opposed to ownership. This shift should slightly lower the demand for ownership and contribute to the slowdown in housing prices.

Based on numbers from the end of the first quarter of 2017, the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index follows recent S&P/Case-Shiller 20-City Home Price Index scores, which find an average annual increase in home prices of 5.78 percent, suggesting that prices, while increasing, are slowing.

Higher BH&J scores favor renting over ownership in terms of wealth accumulation. All of this upward pressure in the trade-off between renting and buying should serve, in general, to slow property price appreciation around most of the country."

The scores show 11 of 23 cities in the index remain in buy territory. Another nine cities hover around a score of zero, suggesting a tossup between buying and renting in terms of wealth accumulation. The remaining three metro areas are in unseen territory in terms of both pricing and scores.

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

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Builder


Baby Boomers Are Selling Their Homes and Renting

Joseph Coupal - Thursday, July 27, 2017

Abberly Square, Waldorf, MDU.S. baby boomers are trading their suburban homes for those closer to the city. Real estate data has been showing the switch from suburban to urban living for baby boomers.

An analysis large cities found that between 2000 and 2010, more than one million baby boomers moved from homes that were between 40 and 80 miles from city centers and a similar number moved to homes within five miles of city center. Apartments in Columbia, SC are the perfect solution for baby boomers who want to give up the time and expense involved in owning a home and who would prefer to live closer to the city.

They want a level living area; they're tired of stairs, and they want to be close to the city. Baby boomers looking to move say they're more attracted to cities for health and social reasons.

"The spirit on the streets, there's a kind of vitality, a regeneration," said Harold Closter, 63, who recently moved from a suburb with his wife. "We've made a lot of new friends, and we've found that it's a lot easier for our friends to get to us, because we're right near public transportation. Our adult son and his friends think this is pretty cool as well."

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

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upi.com


How to Decide Whether to Rent or Buy Your Home

Joseph Coupal - Friday, July 21, 2017

Abberly Square, Waldorf, MDHomeownership is commonly considered a sign of success, but in some cases, it can actually work against your financial goals.

While buying and renting can both be good options under the right circumstances, people underestimate the hassle of owning and the benefits of renting because they are hardwired to do so.

Let's face it: most of us have a deep-rooted feeling that homeownership equals success and buying equals progress. Renting, on the other hand, is often seen as a form of failure—or even "settling." If you can't afford to buy, you just rent because you need a place to live, right?

This line of thinking is dangerous.

Before you commit to buying, it's important to note why you're doing it in the first place. If you're considering a home purchase to appear successful, you're setting yourself up for failure. If you're shopping for a home because you feel like it's a natural next step, you're making a mistake.

The Case for Renting

Renting may not feel like progress, but that doesn't mean it's not the right move for you. The fact is, renting comes with a ton of huge benefits, including:

1. Flexibility. 

Maybe you prefer to move around, seeing new neighborhoods and cities. No matter what, it's hard to put a dollar value on that experience and enjoyment. In addition, if you anticipate a career or job change, renting might suit you better, as buying a home can hinder your flexibility to pick up and move.

2. Avoiding homeownership costs. 

Homeowners are painfully familiar with unforeseen and often hefty costs such as furnishing, decorating, leaky pipes, landscaping, general maintenance—you name it. As a tenant, you enjoy the perks of your home without the worrisome financial burden.

3. Liquidity.

Generally, you can't turn a house into cash overnight. Many people invest their life savings into a home, putting the bulk of their net worth into an illiquid asset. Risk comes with tying up a large portion of your wealth in such an asset. Renting allows you flexibility and other investment options.

4. Building credit. 

As consumers, we need a healthy credit score for pretty much everything we do, from getting a new cell phone plan to buying a car. While renting doesn't boost your credit rating like owning a home might, creating a history of on-time rental payments can, in some cases, help build your credit to qualify for a mortgage down the road. This history begins when (and if) your landlord reports your payment data to credit agencies. Third-party services can help you report this information on your behalf.

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

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Kiplinger


Maryland is #8 on List of Best States

Joseph Coupal - Wednesday, July 12, 2017

Abberly Square, Waldorf, MDSome states shine in health care. Some soar in education. Some excel in both – or in much more. The Best States ranking of U.S. states draws on thousands of data points to measure how well states are performing for their citizens. In addition to health care and education, the metrics take into account a state’s economy, the opportunity it offers people, its roads, bridges, internet and other infrastructure, its public safety and the integrity and health of state government.

More weight was accorded to some state measures than others, based on a survey of what matters most to people. Health care and education were weighted most heavily. Then came the opportunity states offer their citizens, their crime & corrections and infrastructure. State economies followed closely in weighting, followed by measures of government administration. This explains why Massachusetts, ranking No. 1 in education and No. 2 in health care, occupies the overall No. 1 spot in the Best States rankings. And it explains why New Hampshire, ranking No. 1 in opportunity for its citizens, ranks No. 2 overall in the Best States rankings.

#8. Maryland

OVERALL RANK OUT OF 50 - #8
HEALTH CARE - #14
EDUCATION - #5
CRIME & CORRECTIONS - #22
INFRASTRUCTURE - #14
OPPORTUNITY - #5
ECONOMY - #21
GOVERNMENT - #18

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

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US News


Looking for an Apartment? What you Should Know

Joseph Coupal - Friday, July 07, 2017

Abberly Square, Waldorf, MDIf you are interested in renting an apartment in Waldorf, MD here are some things you should know.

1. Be prepared: Do your research and make sure you have all of your paperwork in order when applying for a rental property. Educating yourself about the rental process and the property itself can prove invaluable in your search.

2. Budget wisely: Financial experts suggest that renters shouldn’t spend more than 25%-30% of their monthly income on rent. There are other costs associated with renting, like daily commuting costs or lifestyle amenities, to consider as well.

3. Choose which amenities are important to you: Most people want a beautiful view, but that usually comes with a price. Is having a fitness center more important to you than an infinity pool? Choose the things that are most important to you and don’t worry about the rest.

4. Decide on your ideal location: As the old saying goes, location, location, location. Is the rental in a good school district? Is the surrounding neighborhood conducive to your lifestyle? Do you want an urban environment or something a little more laid back? Narrowing down your search to specific areas will make your search much easier.

5. Looking to cut costs? Consider a roommate.

6. Never sign a lease without visiting the property first: It’s critical to see the actual unit you’d be renting, not just the model unit. Check the fixtures, faucets and other features of the unit to make sure everything works. Perk your ears up and listen to your neighbors. You don’t want to be surprised by neighbors who enjoy playing loud music every night at 2 a.m.

7. Review the lease agreement thoroughly: Read all the fine print and make sure that there aren’t any provisions in the lease agreement that would inhibit your lifestyle. Pay attention to the effective date of commencement and duration, security deposit amount paid, and the circumstances that make the deposit refundable. Additionally, consider rent escalation, grounds for termination, and the notice period required for termination of the lease. All of these may be important during your lease term.

8. Purchase renters insurance: What happens if there’s a fire or other catastrophic damage in your home? The landlord’s insurance policy will take care of the building itself but not your stuff. Make sure you get a renter's insurance policy to protect your stuff in case of any catastrophic event, theft or anything else that may happen.

9. Take the steps necessary to get your security deposit back: Make sure you take pictures of the space before you move in and after you move out. Having that protection will help to ensure that you get your deposit back. When your lease term has ended, insist on completing a final walk-through with the property owner. That way, both parties can compare the space before and after your occupancy.

10. Be efficient with space: It’s your home for the life of your lease term, so make the space your own. Embrace your interior decorator and learn about Feng Shui. Reduce your clutter and live a clean, peaceful life.

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

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housingwire.com


Reasons to Keep Renting

Joseph Coupal - Thursday, June 29, 2017

Abberly Square, Waldorf, MDWhile there are pros and cons to renting and buying , the decision is ultimately personal. Here are some signs you should keep renting your apartment in Waldorf, MD.

1. Not Much Savings

Sometimes it’s tempting when you hear of low down payment options for buying a home. But if you don’t have an emergency fund yet, or if purchasing a home would drain all of your savings, you probably aren’t ready. Homeownership comes with expenses so you want to make sure you have money set aside for home repairs on top of the usual living expenses.

2. Uncertain Job Situation

Signing a mortgage means you are agreeing to pay money every month to own that home. If you have a stable job that you love, this can be great. But if you are unsure whether you will have your job for the next few years, you may want to wait. Even if you’ve just gotten a new job and you are very excited, it may be wise to get a feel for the company before you jump into homeownership. You’ll want to know whether the company is hiring or laying people off and what its financial outlook is to determine your own job security.

If you aren’t certain where you will be in a few years, or perhaps even months, you might want to keep renting for now.

3. No Time for Research

Buying a home is a big decision. You’ll want to learn what you can about the local housing market, including the pricing trends, the school district and the property taxes. Another thing to consider is how well you know the home itself. Sure, that roof looks good, but an expert may tell you it needs to be replaced soon. That’s not the kind of surprise you want after you’ve spent a lot on a down payment. Don’t rush into homeownership without doing your research.

4. Fear

If the thought of buying a home makes you so nervous that you are making yourself sick or having trouble sleeping, you need to explore the reasons before you move forward. Perhaps you aren’t sure this is the right time or the right house. Maybe you don’t want to take on a long-term loan like a mortgage or you worry about being tied to one location. Before you take on a mortgage, it might be best to determine what is truly bothering you.

For more information on renting an apartment in Waldorf, MD, contact Abberly Square.

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Credit.com


Buying a Home May NOT be a Good Investment

Joseph Coupal - Thursday, June 22, 2017

Abberly Square, Waldorf, MDSome Americans believe that buying their own house is the best and smartest investment they'll ever make.

There are several valid reasons for buying a home. But buying as an investment or as the cornerstone of your long-range financial plan should not be one of your primary motivators. If your home doubles in value over the next few years, then great! Consider it a bonus. There are several reasons you shouldn't look at your home as an investment, especially in today's economy.

An inefficient investment

The main reason not to buy a bigger or fancier home simply because "it's an investment" is that there are much better ways to put your extra dollars to work.

Real estate has generally appreciated around 4% to 5% per year on average, and this can be higher or lower depending on your specific location. Depending on what statistic you look at, home prices have historically appreciated at 3.4% to 5.4% annually over the past 20 years.

Compare this with an average annual return of 9.1% for an S&P index fund, 7.2% for the average mutual fund, and 7.16% for the ultra-safe 30-year Treasury, although it pays less these days, around 3.65%.

Simply put, the risks are not worth the rewards.

Don't forget about mortgages

Your mortgage will cause you to pay much more for your home than the agreed-upon price, which also will eat away at your returns. Let's say you buy a $300,000 home and put 20% down, so you finance the remaining $240,000 at 4.5% (about today's rate for a 30-year mortgage). If your home appreciates at 5% annually, by the time your mortgage is paid off, it should be worth around $1,296,583.

However, because you are paying interest on your mortgage, when you add up all of the payments, you're really "paying" a total of $497,794 for the house. This implies a total return of $798,809 after 30 years, or just 3.2% per year on an annualized basis.

Poor risk/reward ratio

When you consider the risks involved with owning a home, it is not really a prudent long-term investment. In fact, the risks associated with owning a home are quite comparable to the level of risk associated with investing in an index fund. From top to bottom, the S&P lost 58% of its value before bottoming out. It has since recovered to a level that is 13% above its pre-crisis peak.

In contrast, the U.S. real estate market fell about 35% from its peak and is currently well below its pre-crisis peak.

There are good investments in real estate, but your home isn't one of them

If you really want to "invest" in real estate, the only worthwhile way to do it is to buy an actual investment/rental property. These can be very lucrative if done correctly. In theory, an investment property should be a house (or apartment building, commercial space, etc.) that you buy and someone else pays for over time.

To sum it up, there are several ways of putting your investment dollars to work that simply make more sense than buying your own home. It just doesn't make sense for "investment" to be the reason to spend more on a house in the hopes of producing long-term gains.

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

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Daily Finance


Renting in an Apartment Community is a Great Idea for Many

Joseph Coupal - Thursday, June 08, 2017

Abberly Square, Waldorf, MDHome ownership may still be the American dream, but it is not necessarily for everyone. But There are many factors as to why people choose to rent. One of the biggest reasons is the economy.

With the economy the way it is, a lot of people are moving from homes to apartments because of the convenience and the price point. By living in an apartment community with all of the amenities renters are looking for without having to pay the premium prices of a home, is exactly why more people are renting.

The key word there: amenities. Those are the perks of renting at a particular property provided by apartment communities. Laundry, pools, fitness centers, and 24 hour maintenance and security, are just some of the features of different apartment homes. But the list doesn't stop there.

Some of the apartment communities will come with garages, other provide social events for their residents. Many are located in downtown areas or in areas where homes are not affordable.

Location and amenities are definitely important concerns when you are deciding where to rent, but when it all comes down to it your new apartment has to fit your budget.

There are varying floor plans to fit into many budgets. Whether the renter wants a studio, a 1 bedroom, a 2 bedroom, a 3 bedroom or even a townhouse there are styles to fit their needs and more importantly, their budget.

Another additional cost to keep in mind is renter's insurance, which may or may not be required by the apartment community, but is still a very good idea. Renter’s insurance is very inexpensive to get. Renter's insurance protects the renters belongings so if something like a fire does happen, they are protected, they're belongings are protected.

One last thing to look for when renting, especially when it comes to living in an apartment community, is to make sure the property is owned and operated by the same company. That helps ensure someone will be there for you, should the need arise.

For more information on renting an apartment in Waldorf, MD, contact Abberly Square Apartments.

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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