Abberly Twin Hickory

Formerly The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059
Call: 888-621-8872 (804) 364-3649 Email UsTwinHickory.CommunityWebsite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

Abberly Twin Hickory Blog

Millennials Are Renting in VA

Joseph Coupal - Monday, September 24, 2018

Abberly Twin Hickory, Glen Allen, VAThe so-called Millennial generation is all about bucking tradition. They’re marrying later. They’re all in favor of nap rooms and ping pong tables in the office.

And they’re renting apartments instead of buying.

That’s not to say they don’t want to purchase a single-family home eventually:

A survey report issued by the National Association of Home Builders in January of this year showed that as many as 75 percent of those young Americans born into Generation Y do want to own their own home, and most (66 percent) want to do so in the bucolic (Virginia) suburbs.

They just don’t want to do it yet:

Another recent report — this, from the Urban Land Institute — found that a full half of Millennials rent their homes, a figure up markedly from the 37 percent of renters surveyed just five years ago.

But why?

Why are Millennials choosing to rent, and not buy?

Purchasing a home means acquiring more debt. The most obvious reason millennials are opting to rent is the crippling debt many find themselves with in their early 20s. According to the Institute for College Access & Success, 7 in 10 college students who graduated in 2012 have student loan debt. The average amount: a staggering $29,400 – and many others graduate even deeper in the hole. The amount of student loan debt has increased an average of 6 percent per year since 2008, and there is no sign of the trend stopping.

With student debt looming, it’s no wonder millennials favor a monthly rental check over additional mortgage debt. While mortgage payments can be more affordable than rent in some cities, recent graduates likely don’t have the funds necessary to make a down payment. Beyond having money for a down payment on a home, some millennials simply don’t qualify for a mortgage. Whether they are saving up for a down payment or choose to rent as a long-term housing decision, renting allows millennials to move out quickly without the immediate financial squeeze that comes with homeownership.

Apartment life is more affordable than owning a home. In addition to the upfront cost of a down payment and a mortgage, managing a house comes with a lot of additional costs: Homeowners must pay property tax, maintenance and repairs, utilities and perhaps even association fees on top of their mortgage. An apartment requires rent and utilities, which is much more manageable for a millennial on a tight budget.

To take advantage of apartment amenities. Many apartment complexes offer amenities such as fitness centers, pools, a concierge and on-site maintenance – perks that don’t usually come with your first home purchase. Though renting an apartment in a building that has luxury amenities can come with a bigger price tag, the features cut down on other bills. Instead of paying for a gym membership and rent, renters in these buildings can pay one price and get both. In fact, the idea of having access to amenities is so appealing to some young people that they plan to rent for a while.

To enjoy city life. Many young people choose to live in urban areas because they like the atmosphere. They can walk to grocery stores, take public transportation, find night spots easily, see live concerts and access great restaurants. Millennials drawn to the energy of metropolitan areas likely can’t afford to own a home there. If city living is a priority, they’ll sacrifice homeownership to get the location, and that means renting.

To maintain flexibility and freedom. Recent college graduates want to have the freedom to move around. They’re just beginning their careers and haven’t decided when and where to settle. For this reason, renting an apartment instead of moving right into homeownership is often the smarter choice. Young people can move for a new job or to simply try out another city without being tied down to a mortgage. Rather than settling down immediately after college, millennials are focused on finding the right job, a city that fits their personality and trying new things.

For more information on apartments in Glen Allen, VA contact Abberly Twin Hickory.

#HowYouLive

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Richmond Tops Best Cities for Millennials List

Joseph Coupal - Monday, September 17, 2018

Abberly Twin Hickory, Glen Allen, VAThe list of "best cities for millennials" is constant and elusive. But, new research from the Urban Land Institute, reported in TIME that for the first time in recent years, Austin isn't in the top five hottest cities for millennials — and neither is Portland. Some smaller, more suburban cities are still attracting an increased percentage of millennials each year since 2010.

On the list of top 5 of the 25 new best cities for millennials, right now — cities that have actually seen the most relative growth in their population of 25- to 34-year-olds from 2010 to 2015:

#2: Richmond

A college town chock-full of American history, with white-water rapids flowing through its bustling downtown, Richmond constantly ranks on the US News & World Report list of the Best Places to Live. But for Millennials, it may be the relatively high average annual salary and strong job market (only 4% unemployment) for their age group — combined with the ability to actually afford renting or buying an apartment alone — that have the under-35 crowd flocking to this Virginia city, according to the Richmond Times-Dispatch.

For more information on apartments in Glen Allen, VA, contact Abberly Twin Hickory.

#HowYouLive

apartmenttherapy.com


Luxurious Apartments with Incredible Custom Service

Joseph Coupal - Monday, September 10, 2018

Abberly Twin Hickory, Glen Allen, VAAbberly Twin Hickory opened in 2003 and has been one of the most popular apartment communities in the Richmond region. Taking a closer look at the community, there is little surprise as to why it remains so hot. Conveniently located in the West End of Richmond, the apartment community is minutes from employment centers, like Innsbrook, and a variety of shopping and dining in Short Pump. Plus, these apartments in Glen Allen, VA are in the top-ranked Deep Run High School District of Henrico County.

There are a variety of spacious apartment floorplans ranging from one bedroom to three bedrooms, with options like dens and sunrooms, so there is something for everyone. These apartment homes feature brand new kitchens with granite counter tops, hardy plank wood floors, black appliances and new mocha colored cabinets. The bathrooms offer hardy plank wood flooring and new mocha colored vanities that match the kitchen.

The community boasts an impressive set of amenities too, including:

  • 24-hour Emergency maintenance
  • Conference center
  • State-of-the-art fitness center
  • Swimming pool
  • Children’s playground
  • Children’s playroom
  • Detached garages

Abberly Twin Hickory clubhouse is spectacular as well! Now open 24 hours, it features a billiard table, coffee bar, two large flat screen TV’s and an internet café with two computers for residents to use! The community also added two gas grills and an outdoor gas fireplace behind the clubhouse, a great place to hang out with friends, family and neighbors!

Perhaps most important to residents, though, is the incredible customer service they receive. The team here is second to none and consistently praised by residents for their high levels of service and is heavily involved in the community as well. We understand that it’s how you live that matters and our successful track record is proof that our residents appreciate this approach as well.

We invite you to schedule a tour to visit Abberly Twin Hickory today and discover for yourself what makes it truly unique.

#HowYouLive


Apartments That Offer the Top Community Amenities

Joseph Coupal - Tuesday, September 04, 2018

Abberly Twin Hickory, Glen Allen, VAThe top four community amenities shown below are based on feedback from our customers and industry research. Not surprisingly, all of these amenities focus on the lifestyle that individuals want.

Active Living

Staying active and healthy is an important part of the HHHunt lifestyle. That priority is why our communities include an abundance of active lifestyle amenities. Our apartment communities, for example, boast cutting-edge fitness centers, such as Abberly Twin Hickory in Glen Allen, VA. These amenities have become very popular and highlight the demand for active living.

Social Spaces

Belonging to a community is about more than an apartment. What makes a community special are the people who call it home. Social spaces for neighbors to gather together and make lasting memories will be a top amenity trend this year. This trend gained momentum in recent years and will be even bigger in 2018. Despite the influx of virtual social spaces, people still crave face-to-face interaction. Community pools and clubhouses that are designed to encourage gatherings are popular features.

All About Pets

We can’t forget about pets because they are truly members of our family. Pet amenities are increasingly requested in new communities. Our apartments in Glen Allen, VA includes a fenced dog park. 

Green Features and Outdoor Spaces

Similar to the focus on active lifestyles, residents in our apartment communities are looking for green features, such as open outdoor spaces that can be used for enjoying a picnic or playing with friends. Walking trails and paths are very popular as well.

These are the four big trends in community amenities that we’re seeing for 2018. As we noted above, the common theme among them is encouraging active and social lifestyles.

We believe it’s how you live that matters and choosing the lifestyle that best suits you is important. Finding a community to call home that includes the amenities you desire most will make your home even more special.

For more information on apartments with these desired amenities and more contact Abberly Twin Hickory.

#HowYouLive

HHHunt.com



Abberly Twin Hickory

Formerly The Gardens at Twin Hickory

4700 The Gardens Drive, Glen Allen, VA 23059

Call: 888-621-8872
Email UsTwinHickory.CommunityWebsite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$1,049-$1,481