Is it worth buying a Vacation home on the Outer Banks?

OBARMLS77505AAWith Summer Beach and Vacation season just starting, there may be thoughts of a more permanent vacation home on the Outer Banks.

Here are some things you may want to keep in mind when buying your Vacation home on the Outer Banks:

  • How often will you use it? Will you be the sole occupant or will others vacation there, also? (Warning: Owning a home on the Outer Banks will make you VERY popular with family and friends.) What are the reasonable lengths of stays to make it a viable purchase?
  • SHOULD you purchase your vacation home with others? You may want to ask legal assistance to hammer out specific ownership and owner rights if you do this.
  • How much does it cost to keep this vacation home running – when you’re there? When you’re not? How much does it cost to keep the grounds kept and the pool cared?
  • How much are additional amenities to a property?How’s the resale of this property? Does it need a lot of updating or do you just walk in and enjoy? If it needs updated, how much and will it be worth it?

There’s a lot to consider when buying a vacation home on the Outer Banks, but SO worth it – especially when the summer comes and you REALLY want to be near a beach. Contact me today to answer all your vacation home questions!

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