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Asheville is a “college town,” home to the University of North Carolina/Asheville (UNCA ,) and, as such, Asheville is a promising location for investment and/or second homes. Properties purchased with the idea that family member/students can live there will attending college serve a dual purpose. Set in a North Asheville neighborhood, UNCA offers a welcoming campus with paths beneath tree-lined streets leading to the various buildings, and to the quaint neighborhoods beyond, as you will note in the map of the campus.
Off-campus housing is a big plus for many students.
Some are first-time home buyers, but others possibly (0 comments)
Here in Asheville, we like the idea of putting real estate choices in context.
If you are thinking about investing in a second or vacation home here in Asheville, for example, and simply considering how much the kids, future grandkids, family and friends would love it here, you may want to gather more perspective before making a buying decision.
Context is all important in making a second home investment decision. Here are three things we ask our clients to consider: 1. Location in relationship to the primary residence 2. Asheville’s second (0 comments)
What makes an Asheville Home Staging Professional Smile? - 06/20/10 03:59 PM
We like the idea of that big smile. Via Asheville Stagers- Leslie Godbold "We do more than make pretty places" (Asheville Stagers - The Real Estate Home Staging School): What makes an Asheville Home Staging Professional Smile?
When a successful and established home stager sits at the end of a long day staging, what goes through their mind?
It could be the beautiful and eye catching home staging that they accomplished.
Or, it could be the strategically placed merchandising that is an invisible salesman - pointing out the great features of the home. So the staged property and its features (0 comments)
Ashevile Second Home a Family Farm? - 06/20/10 08:52 AM
This coming weekend, June 26th and 27th, you will have an opportunity to visit local farms in the Asheville area. For those of you looking to come to Asheville to create a family farm, this could be the perfect opportunity to look at a number of farms (37 at last count.) Sponsored by ASAP, the Appalachian Sustainable Agriculture Project, the Family Farm Tour covers six counties in Western North Carolina. Looking at Asheville area for family farm real estate in an entertaining way this summer, fits the bill and gives you and your family members a close-up look at (0 comments)
Your Asheville Future Home. Does it Make Financial Sense? - 06/20/10 08:11 AM
A second or vacation home that you are considering here in mountains surrounding Asheville makes sense on many levels. This area is ranked in the Top 10 on so many national lists touting best places to live for various reasons. Asheville and the surrounding area is beautiful. Cultural amenities abound. There is the theater, a great live music scene, an array of restaurants to please . Outdoor life is amazing. This area offers fishing, hiking, camping, state and national parks, whitewater rafting, bird watching, organic gardening classes. We could go on and on. But if you are thinking that (2 comments)
Investment (Second/Vacation) Homes in Asheville - 06/18/10 01:54 PM
Investment Properties. Before making a commitment to invest in a second or vacation home in Asheville, here are a few things you may want to consider 1. How lenders see a primary residence as compared to and investment property ( one you as a borrower will not occupy.) This property generally needs to be at least 50 miles away from your current primary residence. “Owner occupied” or “ non-owner occupied” are definitions that do have some flexibility ( EX: This may not be the case in terms of a condo.) But, in any case, the underwriter needs to feel comfortable that (4 comments)
We have, in the Asheville real estate market, a number of clients who are investing in Asheville, choosing to opt out of their condos at the beach and utilize their 1031 Tax Deferred Exchanges here in the mountains. Maybe it is the heat of summer at the beach, or maybe it is just that Asheville is listed on so many Top 10 lists, but investors are clued in to the good things Asheville has to offer, and are arriving on the scene. When investors arrive, we (0 comments)
Here in the Asheville area, you can travel for an hour or so and find places for a family getaway that are not only beautiful, but pristine. Now you don’t have to travel far to experience this beauty. But if you are thinking about acquiring a second home, you may want to consider a certain perspective: The Bank’s. And how lenders see not just one, but your two homes is not necessarily the way you see them. Asheville residents, ( primary residence is in Asheville) have asked about the word on the street; that it is required that a second (2 comments)
Second Homes in Asheville- Barron's Top 10 List - 06/12/10 12:35 PM
In an earlier post, we mentioned that recent figures from The National Association of Realtors show an upward trend in the number of second homes purchased for investment purposes. Good News : The National Association of REALTORS® said Monday (6/7/2010) that sales of previously owned homes rose 7.6 percent to a seasonally adjusted annual rate of 5.77 million. That was the best showing in five months and better than the 5.63 million units economists had expected.
And earlier this year, Barron’s sized up the market for upscale second homes, “one of the greatest luxuries of all” as reported in (2 comments)
When you hire an experienced Home Staging Professional- Heed their advice - 06/10/10 04:48 PM
We like what Leslie Godbold has to say in the post that follows. She says that it is a good idea to pay attention to professionals you hire. She's alluding to staging professionals, but we think this applies to REALTORS, too. Via Asheville Stagers- Leslie Godbold "We do more than make pretty places" (Asheville Stagers - The Real Estate Home Staging School): When you hire an experienced Home Staging Professional- Heed their advice When I hire the services of a professional I have interviewed and selected them because of their references, samples of their work, their experience,education and the ease of working with (2 comments)
What’s the first step when you are ready to invest in a second home? Some say it is “crunching the numbers” and we agree- to a point. But, we would like to expand on that: It is not just the $$$ numbers, but the numbers of years the second home will be held; the number of miles to the nearest college, grocery store and hiking trails; the number of homes and size of them. It is all about perspective.
In fact, we think getting the “numbers” on the table is crucial for clients considering a vacation or second home (2 comments)
5 People You Need to Know for Referrals - 06/10/10 01:48 PM
Here is a good list from one of our AR colleagues, Tracie Weaver. She says it is important to get to know certain people around town. We may already know most of these people in Asheville. Who do you know in your town? Via Tracie Weaver - Prudential Ambassador (402) 812-2626 (Prudential Ambassador Real Estate): It's great if you're keeping your business pipeline full, but it's even better if members of your community are doing it for you. Of course, it's good to know the local mortgage brokers, divorce lawyers, and hair stylists, but here are some other members that could help you (2 comments)
Asheville second home buyers tell us various reasons for purchasing a second home. They mention the purchase as a financial strategy. Their second home also could be an avenue for growing a retirement nest egg. Or it could also be a way to protect that nest egg. Or that second home may be the wonderful place to play in today and retire in tomorrow—a family retreat with a dual purpose: later serve as a main residence after retirement, and beyond that as a family legacy.
Since we specialize in second and vacation homes in the Asheville NC area, we often are asked questions that relate to our real estate market niche. Here are 5 more common questions and our brief answers. We invite you to "sit a spell" by the stream (see photo taken at one of our favorite listings) and consider life in the mountains, Second and Vacation Homes here, and some Questions Asheville Buyers Ask Before Buying!!
1.What about appreciation of the property? While vacation homes can gain value over time, the NAR advises that short-term (2 comments)
What Second Home Buyers Seek in Asheville - 06/06/10 03:11 PM
Here in Asheville, NC, we are pleased to service a unique, second and vacation home niche in the real estate market. Over the years we have noticed that there have been some changes in what buyers of second and/or vacation homes look for. One in particular seems to be a trend. This is that residential energy efficiency is in high demand. We can see why. Asheville’s second home owners know that when they can invest in or create a more energy efficient property it adds up to money saved on energy bills. There is the added sense that they can contribute in (1 comments)
Sign Language – What You Can Tell From A Real Estate Sign And What You Can't - 06/04/10 10:28 PM
We just had to reblog this post by Sara Gray Lamm. It gives a clue into the thought that goes into yard signs we REALTORS place. Via SarahGray Lamm~REALTOR~ 60K Hours of NC Real Estate Experience~ (Allen Tate Realtors Chapel Hill, NC): In my neighborhood, folks walk...so when somebody plants a For Sale sign in the front yard, everybody knows. Of course, that's the general idea...to let everybody know that your great home is ready for a new owner. And your neighbors have more than a passing interest in your sale...they have a vested interest. They'll be keeping tabs on that sign. Once (0 comments)
Since we specialize in second and vacation homes in the Asheville NC area, we often are asked questions that relate to our real estate market niche. Here are 5 of the most common questions and our brief answers. We invite you to "sit a spell" and consider life in the mountains.
1. What particular financial strategy might help us grow into a second or vacation home? CMR: We have discovered that the road to buying and owning a second or vacation home here (2 comments)
Asheville’s Second Homes as Family Gifts - 06/01/10 10:48 AM
The post that follows on one of Asheville's eco-communities reminded us of the potential a second home could have to become as family gift - especially in such a community . In fact, a number of vacation and/or home owners in the Asheville area have indicated an interest in giving their second home(s) as a gift to their children. Some prefer to do this using the QPRT that we talked about in an earlier post. However, some tell us that the following appears to be an easier method. One caveat: We always advise our clients to consult with their attorney and tax professionals. (We can (0 comments)
Getting to the Hub of Sustainable Innovation - 06/01/10 09:59 AM
As JANE ANNE says in the post that follows, when you are looking for a second home in the Asheville area mountains , and being in an eco-community that offers - Covered gathering areas Two acres of central green space Community gardens, greenhouse, orchards, vineyards and berry patches Community center with tavern and co-op serving local organic beers, artisan crafts, and organic fruits and vegetables. here is a place to put on your list. Via Asheville NC Real Estate- Land, Second/Vacation: Asheville, NC, as you may know if you read my blog, is the hub of sustainable innovation when it comes to (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.