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Renting Might Be More Profitable Than Owning a Home

Joseph Coupal - Thursday, December 14, 2017

Abberly Waterstone Apartments, Stafford, VAIt’s a debate that has been going on for a while now between two possibilities: renting or owning a home. Which one would prove to be more profitable in the long run? A new study called “A Revision of the American Dream of Home Owning” brings forward an interesting approach.

When trying to accumulate wealth, one essential element is the homeowner’s commitment to save money for the down payment of the home. Although you might think that owning a home would make you more money, this research states otherwise. It seems that those who turn to investment in stocks and bonds may actually gain more in the long run. Taking a potential down-payment and making smart investments will probably leave you with more money than if you sank every penny into a house that may or may not be worth what you originally paid for it.

In terms of stability, the new research also makes the case that investing in a more controllable market such as the stock market is better than investing in a more unpredictable market like housing.

Not being tied in to a mortgage is definitely preferred by more and more people nowadays, Millennials and Baby Boomers alike. Renting is simpler and eliminates the constant worry of home maintenance and other unknown costs that might come with owning a home. Plus, renters have more flexibility if in need of a change.

However, the study’s authors don’t necessarily discard the fact that buying a property might also prove to be a clever idea for long-term wealth accumulation in the sense that it forces saving. “Society appears to have been telling people the right thing to do (own a home) but for the wrong reason, […] it appears that homeownership forces saving and when combined with the tendency of households to remain homeowners once they initially switch to ownership explains why owners have more wealth”,.

Everybody would agree that owning a home is a big part of the American Dream and although this might still be a valid option, it needs reinterpreting. Buying a home paves the path towards wealth accumulation as long as it’s used as a strategy to create risk-adjusted returns.

All things considered, if posed with the two options, the study proves that renting a home and investing your savings in the stock market is certainly worth some serious consideration.

For more information on apartments in Stafford, VA contact Abberly Waterstone.

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rentcafe.com


Living in the Washington-Arlington-Alexandria Metro Area

Joseph Coupal - Thursday, December 07, 2017

Abberly Waterstone Apartments, Stafford, VAIt would be an understatement to say that the nation’s capital is a unique place. The centrally located National Mall is an urban planning gem, with excellent open spaces, walking paths, and major monuments in a classic architectural style. Lining the mall is the Smithsonian museum complex, probably the best set of museums in the world in a single location. In reality, the whole mall setup is a museum in and of itself and a major destination for locals and visitors alike. Numerous government offices and first class hospitality venues surround the mall.

For most prospective residents, the real story of the D.C. area is the array of residential and commercial corridors surrounding the city on all sides.

The super-suburbs are all very large and mostly new residential suburbs with extensive commercial, residential, and corporate developments. Employment in the greater DC area is strong in general and particularly strong in this zone. Many do commute to the DC area proper but more often commute to other places in the suburbs.

The outlying northern Virginia suburbs in most ways meet the definition of “exurbs,” where people benefit economically from the city and may use its airport, but have little daily connection with it.

The dominance of the U.S. Government and its impact on the local economy and culture cannot be overstated. Not surprisingly, the area has a high percentage of well-educated citizens. Arts, entertainment and cultural assets in total are among the best. The Cost of Living Index is high but not exorbitant for this type of area. Housing options and costs have escalated in recent years, but there are signs of softening. Public transportation works well.

Bottom line - Washington, D.C. and its Virginia suburbs stand alone as a U.S. city and metro area with unique beauty, plenty to see and do, an active and intellectually stimulating lifestyle, and a wide variety of employment and living options. The D.C. area isn’t for everyone, but most who live there are glad they do.

Washington lies at the western edge of the mid-Atlantic Coastal Plain, about 50 miles east of the Blue Ridge Mountains and 35 miles west of Chesapeake Bay. The immediate area is flat with rolling hills starting just outside the city to the northwest and southwest. The climate is coastal continental with a subtropical influence. Summers are warm and humid with occasional hot, sticky spells and thunderstorms. Because of the inland location, summer heat and humidity aren’t offset by sea breezes. Winters are cold but not severe. Precipitation is uniformly distributed throughout the year. Potomac floods can result from heavy rains, sometimes augmented by snowmelt and high tides.

For more information on apartments in Stafford, VA contact Abberly Waterstone.

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bestplaces.net


One Bedroom Apartments With the Perfect Lifestyle in Virginia

Joseph Coupal - Tuesday, November 28, 2017

Abberly Waterstone Apartments, Stafford, VAStafford, VA is an attractive place to live. In fact, the area boasts a mild, four-season climate and loads of things to do. Located minutes from dining, shopping and downtown Stafford, the area is bursting with great food, fun, and entertainment. With some great restaurants at your fingertips and tons of charm, you will be happy with your decision to move to an apartment in Stafford, VA.

If you are looking for a one bedroom apartment in Stafford, VA look no further than Abberly Waterstone. These apartment homes have distinctive architecture and exclusive amenities. We have four different styles of one bedroom apartments, ranging from 806 to 1199 sq ft. It all depends on what you need and what you are looking for.

Located on beautiful rolling terrain, tucked away and removed from congestion but only minutes from shopping, dining and downtown Stafford. Residents will value the ideal proximity to all the necessities and the benefit of easy access to VRE, Quantico, several government agencies, historic Fredericksburg and Washington, DC via Jefferson Davis Road (Hwy 1) and I-95. All of this, plus a customer service promise backed by the HHHunt brand. Abberly Waterstone offers a tranquil setting with the conveniences of the city lifestyle. Because it's How You Live that matters.

For more information on Abberly Waterstone, contact us.

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Happy Thanksgiving from Abberly Waterstone Apartments

Joseph Coupal - Tuesday, November 21, 2017

Abberly Waterstone Apartments, Stafford, VAIt’s Thanksgiving week and a time each year when we reflect upon the blessing within our lives. Today our warmest Thanksgiving wishes go out to all of you, our residents, friends, and neighbors. Along with this note of thanks to you, this week we offer a special Thanksgiving “shout-out” to one of the more unsung Thanksgiving heroes, Sarah Hale. Historians credit Sara Hale as the originator of the Thanksgiving federal holiday.

Sara Hale undertook a 17-year letter writing campaign to make Thanksgiving a national holiday observed in all states. Before Hale, Thanksgiving was not a fixed holiday but rather an informal tradition. Presidents would select a day and make it known that it would be a day of thanksgiving and community. Hale lobbied five separate presidents for a set date until finally her request was granted by president Abraham Lincoln. Lincoln congratulated her tenacity and immortalized the holiday as part of American culture.

So thanks, Sara, for your 17 years of letter writing, for securing our Day of Thanks on Thursday, and for your part in creating one of the most warm and celebrated day within our American culture!


More Baby Boomers are Renting

Joseph Coupal - Thursday, November 16, 2017

Abberly Waterstone Apartments, Stafford, VAGone are the days when the rental market was filled with recent college grads who were looking to move in with a few friends in order to save money to one day buy a house.

The demographic of those seeking apartments has changed in a big way.

In fact, the new renters are the parents of the millennial generation.

“We looked at the renter population between 2009 and 2015 by age group, education level and family type. And we found the fastest-growing segment of the country's rental population were those age 55 and older. They increased by 28 percent nationally. The highly-educated renter, holding a bachelor degree or higher, increased by 23 percent nationally," said a spokesperson for Rent Cafe.

You are seeing older couples, empty-nesters, highly educated, who are choosing the renting lifestyle for various reasons.

2.5 MILLION STRONG

On a national level, about 2.5 million households of people age 55 or older joined the renter cohort nationwide between 2009 and 2015, compared to a mere half million new renters under 34, according to the study.

We are seeing more seniors looking to rent as the prices of the traditional empty nest downsizing options -- condos and co-ops on one level -- continue to go up.

They [baby boomers] are looking for low-maintenance, high-convenience, and no stairs to walk. They get all of this, and no unexpected repair and maintenance expenses in rental buildings, with the additional benefit, a fixed monthly housing expense.

NOT ENOUGH RETIREMENT SAVINGS

Many Realtors say part of the issue is many baby boomers failed to sock away enough money for retirement.

The sad reality for baby boomers is the fact that a large segment of this generation has failed to put aside enough money for retirement in their 401(k) or retirement plans.

Unfortunately, social security benefits are not enough to make ends meet. As a result, some are forced to sell their homes in order to lower their living expenses. As the findings note, this is one way that retirees can simplify their lifestyles and expenses.

For more information on renting apartments in Stafford, VA contact Abberly Waterstone.

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silive.com


Honorably Discharged Veterans will Soon Shop Tax-Free

Joseph Coupal - Tuesday, November 07, 2017

Abberly Waterstone Apartments, Stafford, VAHey veterans, you can soon shop tax free.

Starting later this year, all honorably discharged veterans, no matter their branch of service, will be eligible to shop tax-free online at the Army & Air Force Exchange Service with the same discounts they enjoyed on base while in the military. It’s the latest way in which the organization is trying to keep its customers as the armed forces shrink and airmen and soldiers buy more for delivery.

Adding 13 million potential new customers will give extra ammunition to the group that runs the stores on U.S. Army and Air Force bases worldwide as it fights Amazon and other retailers for veterans’ online shopping dollars.

Since hiring its first civilian CEO five years ago, the Exchange has upgraded the brands at base stores to include items like Disney toys, Michael Kors fashions and other top names. Like private stores, it’s also imposed tighter cost controls, reduced the number of employees and improved people’s experience on the website.

“The intent is to really beat Amazon at their game because we have locations literally on the installations,” said CEO Tom Shull. “We’re leaning toward not just ship-from-store but pick-up-from-store and eventually deliver-from-store.”

The Exchange is adding shipping centers within its stores to allow it to send products directly from those locations more cheaply and quickly. Twenty-six stores now ship orders, and that will expand to 55 by the end of the year.

Within the next three years, Shull said the goal is to deliver something on base within two hours of when it is ordered. That’s possible partly because the Exchanges are already on base, cleared by security.

The Exchange delivers most orders on the second day now. Shull said shipping from stores will make a big difference in regions around bases, which are often in more rural areas.

Expanding online shopping to all honorably discharged veterans is expected to add about $200 million annually within three years to the $8.3 billion in sales the Exchanges generated last year.

Adding those shoppers, what Shull called “the foundation of our growth,” is critical to help offset the 13 percent decline in the number of active-duty Army and Air Force soldiers since 2011 when the Exchange generated $10.3 billion revenue.

“It’s a modest benefit, but it can save you thousands of dollars a year,” said Shull, a graduate of the U.S. Military Academy who served in the Army for a decade before starting a retail career at chains including Macy’s.

Former Marine Forrest Cornelius was among the first to sign up at the verification website when it launched in June, and got a chance to start shopping early to test it out. The 51-year-old was impressed by the site and a deal he found on Ray-Ban sunglasses.

“The biggest thing is price. They’re always going to be a little bit cheaper,” said Cornelius, who lives in Dallas.

But competing on price in today’s retail environment is increasingly difficult, said Edward Jones analyst Brian Yarbrough. Just look at how much trouble Walmart has competing with Amazon, he said, because Walmart has the fixed costs associated with its stores.

“To think you’re going to compete on price, you’re going to have a hard time there,” he said.

Under Shull’s leadership, the Exchange stores have traded their industrial feel and reliance on off-brand merchandise for a more modern look featuring well-known labels.

Two-thirds of the main Exchange store at Offutt Air Force Base resembles any department store, with prominent displays of name-brand makeup, Nike fitness gear and Carter’s clothes for kids. The rest is filled with the kind of electronics, appliances, housewares and toys found at Walmart or Sears, with major brands in every section.

The Exchanges don’t pay rent for their military base locations, and the government transports some of their supplies and goods to far-flung locations, but otherwise they operate mostly like an independent retailer. Roughly two-thirds of the employees are family members of soldiers or airmen.

The Exchange, which is part of the Defense Department, reported earnings of $384 million last year. That’s a sharp contrast from five years ago when Shull arrived to projections of $180 million in losses.

Of last year’s profit, $225 million was returned to the defense department to help pay for quality-of-life programs on bases like child development and fitness centers. Besides the main stores, the Exchanges also operate more than 70 movie theaters and bring in franchise restaurants and other vendors for the shopping malls it operates on bases.

Shull feels those are good reasons for the new online shopping privileges to draw veterans to do their shopping there.

“Veterans value the cost savings and what they can do to support the military,” he said.

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militarytimes.com


When Renting is the Right Decision

Joseph Coupal - Wednesday, November 01, 2017

Abberly Waterstone Apartments, Stafford, VAConventional wisdom suggests buying a home makes more financial sense than renting. In many cases, this is true. However, renting is sometimes a smarter approach than buying.

As with any financial decision, all of the options and circumstances need to be weighed before jumping in. Making a major purchase requires doing some homework. The following are some reasons why renting can be more beneficial than buying.

Youth

The typical first-time home buyer is 31-years-old. People who are younger than that and uncertain about their futures should not feel pressured into buying simply because it is presumed to be the “adult” thing to do. Renting and feeling your financial way, which can include seeing how a job pans out or where one’s budget lies after paying off debts, might make more financial sense than buying.

High price-to-rent ratio

Buying may seem like a wise idea, but it could be causing people to spend more than necessary, particularly if they check the price-to-rent ratio and find homes in their area are not fairly priced.

Figuring a P/R ratio includes finding two similar houses (or condos or apartments) where one is for sale and the other is for rent. Divide the sale price of the first place by the annual rent for the second. The end result is the P/R ratio.

The higher the P/R ratio, the more sense it makes to rent instead of buy.

Home prices continue to rise

Some people find themselves being priced out of certain neighborhoods or cities. While the typical worker’s earnings increased a meager 0.3 percent during the study period, median house prices were up by 17 percent. Wages have not recovered from the Great Recession as quickly as home prices have, and some people may need to rent out of necessity.

A market shortage makes it harder to find an affordable home. The number of homes available for sale in many areas of the country has fallen below the number that is required for the market to be in balance. Therefore, even when a home becomes available, demand drives the price up to where it may not be affordable or fiscally smart to purchase. In such instances, renting may be the best option.

One doesn’t meet the buying criteria

Individuals should not buy a home based on market conditions or pressure from others. Instead, they should buy when they’re financially ready. This means being out of debt; having between three and six months of expenses in an emergency fund; enough cash for a 10 to 20 percent down payment on a fixed mortgage; and when their mortgage payment will be no more than 25 percent of their monthly take-home pay.

Renting can be a smart move in many instances. Only when individuals are financially and emotionally ready to buy should they begin searching for their first homes.

For more information on apartments in Stafford, VA, contact Abberly Waterstone.

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villagenews.com


Move to Virgnia: One of the Best States for Education

Joseph Coupal - Thursday, October 26, 2017

Abberly Waterstone Apartments, Stafford, VAWhen you are moving your family, you want to move to a place where your children will get the best education, from primary to secondary, through high school and college. When it comes to educating students, state governments play a vital role - from the allocation of funding to passing laws on school choice and basic curriculum. Among the Best States For Education, the Eastern Seaboard stands out. This education ranking was determined by performance in Pre K-12 and higher education.

Metrics considered include the percentage of the population that is college educated - with an Associate's degree or higher - and average undergraduates tuition and fees for in-state students at public institutions.

#10 on the list: Virginia

College Educated: 45%
Average undergraduate tuition and fees: $11.057
Public High School Graduation Rate: 85.3%
Best Overall Rank: 11

For more information on apartments in Stafford, VA, contact Abberly Waterstone Apartments.

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Forbes


Looking for Apartment Homes in Stafford, VA?

Joseph Coupal - Wednesday, October 18, 2017

Abberly Waterstone Apartments, Stafford, VAIf you are looking for an apartment in Stafford, VA bordered by history and nightlife look no further than Abberly Waterstone Apartments. Attractive and convenient, we are minutes to shopping, dining, recreation, and Virginia Tech. Abberly Waterstone Apartments is a community which offers expansive floor plans and luxurious amenities. They are the perfect choice for the family, professional, retiree, and you!

Take advantage of our spacious apartments with a community offering and numerous amenities. Living here means you can enjoy all of Stafford’s hidden treasures, and the town’s best dining and entertainment venues, historic sites, and outdoor recreational activities.

We have various apartment floor plans with luxurious apartment amenities. Our one-bedroom apartments range from 806 to 1199 sq ft, and we have three bedroom apartments with a spacious 1,496 sq ft plan. We encourage you to make an appointment, and see what Abberly Waterstone Apartments and Stafford have to offer.

Considered a Great Place to Retire and a Great State to Live In, and surrounded by natural beauty, Stafford, VA is home to restaurants, dynamic nightlife, historic landmarks, cultural entertainment, and recreational opportunities. We boast beautiful weather as well as local events and happenings throughout the year.

Contact us for an appointment to view our apartment homes.

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Should You Rent or Buy?

Joseph Coupal - Wednesday, October 11, 2017

Abberly Waterstone Apartments, Stafford, VAMost of us grew up hearing adults tell us what a great investment owning a home is.

But is it really always a good choice to buy a home? Are there any conditions when it is better to rent instead of purchasing a home? The answer is yes, owning your own home can be a solid investment, but it is also true that purchasing a home is not always the best plan. When deciding whether to buy or rent, you should consider multiple factors, because there are pros and cons to both buying and renting.

There are several financial benefits to renting temporarily or even long-term. If you rent, you will never have to pay property taxes. You should purchase renter’s insurance, but you won’t have to buy homeowner’s insurance, which is more expensive. Also, while owning a home can be financially beneficial, it isn’t necessarily the best way to invest your money. You could choose to invest in stocks, and you might end up with more money than you would by simply owning a home for a long time.

If you do buy a home, you will have to take care of it if you want to keep your investment. You would also most likely have to hire someone to fix issues like the roof, plumbing, or other repairs. If you consider yourself handy at fixing things, then you also could choose to make the necessary changes yourself. However, if you already have a busy life or simply prefer not to tinker with household issues on your time off, then you will have to pay someone.

These are things that potential homebuyers often don’t consider: All of these issues cost money if you own your own home. If you prefer to have someone else handle most problems, escape yard care, and also avoid additional costs, you may consider long-term renting.

For more information on apartments in Stafford, VA, contact Abberly Waterstone.

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wallstcheatsheet.com



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140 Abberly Drive, Stafford, VA 22554
844-379-7307
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