The cost of Outer Banks real estate compared to the towns and neighborhoods where our clients work and live often is a surprise to folks who want to buy here. It doesn't matter if a year round or second home is wanted, or, for that matter, a second home in a rental area or an investment property.
As an example, let's say you currently own a 2500 square foot home with 3 bedrooms and 2 1/2 baths, large kitchen, formal dining and living as well as a family room. You want something similar as a year round or second home on the Outer Banks. OK. We can do that.
Oh, but you want a similar price as well. Just think about this. You love the Outer Banks. Come as often as you can. You want to own a part of it. You want a water view, ocean or sound. Perhaps you want a boat and would like to live in a boating neighborhood.
You see where this is leading. Many other families have the same dreams ... the same wants. Unfortunately, the very thing that makes the Outer Banks so beautiful - water all around us - is what makes the limited land so valuable. When land is very limited and also in demand, even in this economic climate, prices are just naturally higher.
The reality of owning Outer Banks real estate is that a sacrifice (if you can call it that) is made in the size or features of your house so you can simply walk on the beach any time, or watch the sunset over the sound, or watch the water foul come in flocks for the winter, or ...
If you have questions or comments about the cost of Outer Banks homes for sale, please contact me. If you are considering a purchase of Outer Banks real estate, I can work for you as your Buyer Agent.