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

With 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 … [Read more...]

Is this Your Vacation Home or Retirement Home on the Outer Banks?

It’s not a secret that once you vacation on the Outer Banks, you’ll want to find ways to come back often or eventually live here. So, if you purchase a home here, is it a vacation home or eventually a place to retire? Is there a difference? According to the National Association of REALTORS® latest market figures, vacation home sales were 29.7% higher in 2013 over 2012. Right now, 13% of all home sales are vacation homes. The median vacation home price increased 12.5% over 2012 to $168,700. Seasonal demands drive home prices – it is good to analyze home values over an entire year. A short … [Read more...]

Let’s Get Ready for Summer on the Outer Banks!!

After such a harsh winter and all the snow, Spring is HERE – the temps are getting warmer and summer will not be far away – time to dust off your vacation home and get ready for summer fun!! But before you get started, the best way to start is to make a plan and check list of things to do … Make sure your lights and gas are turned on. Make a jug of sun tea -- Take the water heater off of vacation and turn it up to a usable level – not too hot, especially if there will be young children around. Check for any leaks in the plumbing and toilets Change out any old light bulbs and … [Read more...]