Tips to help make it happen
The aroma of salt in the sea breeze, the sound of waves lapping at your feet and the magnificent vistas with unparalleled views of the sound and the ocean, now that’s living. Your senses are flooded with the aromas, sounds and sights that make up the Cape Fear coastline. Natural beauty combined with more amenities than you can imagine and the endless opportunities for rest, relaxation, and fine dining make the beaches of Wrightsville, Carolina and Kure so irresistible. Ahhhh…wouldn't it be great if your beach vacation never ended? Imagine if your getaway lasted forever AND you were able to make this vacation and every other one that follows pay for itself? Believe it or not, this is not only possible; it's absolutely within your reach right now.
Purchasing a vacation home is one of the best ways to turn your love of the beach into one of the best (and most fun) investment opportunities of a lifetime. Not only do you get to enjoy your beach retreat whenever you want-avoiding having to plan ahead, book rooms, pay for expensive hotel rooms, or having to sleep on that inflatable mattress every again-you also have the ability to make real money on your investment. Real money that can actually cover your expenses, pay your mortgage, and even pay for your vacations to this pristine area.
It's true; now is the time to invest in properties on the North Carolina shoreline. Just like you, many other people love the escape that a vacation to the beach affords them. With all the opportunities for outdoor adventure on the Cape Fear Coast and its surrounding areas afford, it's no wonder why the real estate market is heating up. When you can take advantage of all that this area offers whenever you want AND rent your vacation home to other like-minded people when you're not there, you are maximizing your fun and your investment. In fact, with so many lifestyle choices and annual celebrations that attract visitors from all over the region and the entire country, you can be sure that your beach vacation home could be an investor's dream.
If you're considering making a beach investment in the future, there are a few things you should think about before beginning.
Rental Contracts
Whether you plan on renting your vacation property for one weekend a month, one week a month, or an entire month, you need to protect yourself with a rental contract. Be sure to contact a professional real estate attorney so you can draw up a rental agreement that keeps you covered no matter what happens.
Contact me and I will send you an example of a rental contract.
Leaky Faucets
You might not mind that leaky faucet, but when a renter is paying good money to stay in your home, they might…especially if it's drip, drip, dripping all night long! Be prepared for what you'll need to do to keep your vacation property in tip-top shape. If you can keep it well maintained, you're sure to attract plenty of repeat visitors. Oh by the way, I have partners who offer plumbing repair services.
Contact me and I will put you in touch with trusted professionals.
How Much, How Many
As you begin thinking about your place at the beach, realistically consider how often you'll be able to make it there, how many of you will be "making it there," and what kinds of property you would consider. For example, do you have a particular size, location, or monetary amount you're looking at investing? If so, these factors will all play into determining which areas in and around Wrightsville, Carolina and Kure Beach you should focus your
search.
Making Your Investment Count
Knowing exactly how much is too much is never more important than when discussing real estate investments. When you chart out how much money you can spend on the purchase price of the home AND how much money you can afford to spend on yearly maintenance, you'll begin to have an idea of what your potential rate of return on your purchase is. If you are truly looking at this purchase as an investment, be sure to discuss the details of any potential transaction with your financial advisor to make sure the conditions and details of the property/sale meet your financial goals and objectives.
Going Local
When you have decided that a vacation investment home is the place for you, it's time to start looking for the location. Be sure to consider what's important to you in the home, property, and surrounding areas. Doing online research, consulting with your real estate agent (
contact me), and getting out there and driving the roads is a great ways to get a handle on what feels right to you.
If you are considering investing in a beach vacation home, please contact me. It will be the smartest move you will make. If you have a question about investing in this area, I would love to talk with you and answer any questions you might have about making your beach dream home purchase a reality!
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