Owning a Piece of the Outer Banks
Most of the people who own Outer Banks real estate today were once visitors just like you who fell in love with this wondrous place. In fact, according to U.S. Census Bureau figures, 65 to 70 percent of the sold Dare County and Currituck Outer Banks real estate is sold to nonresident owners.
Many people buy Outer Banks real estate with the dream of moving here one day, while others find that just having a second home to escape to is enough. And some owners are interested in their Outer Banks property only as an investment. If you think you’d like to buy Outer Banks property, there are more than 400 realty businesses willing to help you. The Outer Banks Association of Realtors actually has 903 members! You can contact the Association at (252) 441-4036.
You’ll find a property match for almost any budget. Of course you know that the closer a property is to the water, the more expensive it is. But on these narrow Outer Banks islands, even the “inside” lots are still very close to the water! Oceanfront lots typically sell for between $850,000 and more than $2 million. Oceanfront homes can cost more than $3 million, but there are many smaller oceanfront homes in lower price ranges. Inside lots start at around $100,000, while homes range from $230,000 to more than $1 million. Condominiums range from $200,000 to $500,000 and up.
Know Before You Buy Outer Banks Real Estate
If you’re considering buying Outer Banks real estate, spend substantial time here first, visiting all the different communities from Corolla to Ocracoke. All the towns and villages have a different personality, and you’ll want to select the one that best matches your vacation style. Corolla Real Estate points out to those who don’t know the area well that properties are generally all upscale and relatively new. Duck Real Estate shows that the variety of properties for sale are typically used as investment houses so provide rental incomes. Nags Head Real Estate varies from single-family, year-round homes to oceanfront mansions. Roanoke Island Real Estate provides info on the many homes in established neighborhoods as well as second home properties. Both Hatteras Real Estate and Ocracoke Real Estate contain many properties that you can dream about owning to have your piece of Outer Banks life. Prices vary among the different areas, so it may be best to consult with a Realtor to find out which areas suit your price range. Once you’ve selected the locations you like, you can narrow your search of the available properties by selecting a reasonable price range. Then it’s out into the field with a Realtor.
If you’re seriously thinking about buying Outer Banks real estate, you’ll have a lot of decisions to make, but it will all be worthwhile when you have a piece of the Outer Banks to call your own.