Consider These 5 Things Before You Buy a Vacation Home in North Carolina
Have you ever dreamt of having your very own vacation home on the beach? As glamorous as it sounds, there are many things to consider before buying a vacation home in North Carolina. Luckily, Bluewater Real Estate has a team of sales agents that are happy to help buyers through every step of the way. Here are a few things to consider before buying a vacation home on the Crystal Coast:
1. When is the Best Time to Buy?
The real estate market is constantly changing, making it difficult to know when the best time to buy a vacation home is. You could spend hours researching this question, or you could get an evaluation of the local market from a knowledgeable real estate agent. Fill out our property analysis, and we can provide you with rental projections along with up-to-date information on local properties.
2. Consider Your Budget and Extra Fees
Budget is the most important factor to consider when buying a vacation home in North Carolina. Second homes usually require a larger down payment and higher interest rates. Another budget factor many people forget about is the maintenance fees such as property taxes, insurance, HOA, condo fees, and utilities.
3. Where Do You Want to be Located?
The Crystal Coast is a prime location for a second home with various premier communities to choose from, all offering something different. Refer to our Crystal Coast Relocation Guide to discover the perfect beach town for you. From elite vacation homes to quaint duplexes, there are endless options available near a wealth of attractions and activities.
4. Consider Rental Income
Don’t let the price of a vacation home deter you from investing. One of the best ways to save money is renting out your property when you’re not there. Rental income is an excellent way to help pay the mortgage and make your property a long-term investment.
5. Should I Hire a Property Manager?
The short answer is yes, especially if you will be renting your home when you’re not staying there. It can be extremely difficult to manage your property if you live out of state; that’s why you should consider Bluewater as your trusted property management partner.
Let Us Help You Find Your Dream Home!
Buying a vacation home is a huge commitment, and these are just a few things you should consider before you start browsing the real estate market on the Crystal Coast. Our real estate agents are happy to answer any questions and help you find your dream home! If you are ready to learn more about vacation homes on the Crystal Coast, then reach out to one of our agents and discover why we have been the number one real estate company for the past 15 years!