Preparing Your Beach Home for the Vacation Rental Season

Introduction

Renting out your Outer Banks beach home to vacationers can be a rewarding experience, but it requires careful planning and preparation to ensure your property stands out and provides a memorable stay for guests. Being most beach vacation homeowners are living miles and hours away it is recommended you build a relationship with local vendors that suit your year-to-year needs. Or, be prepared to pay a premium through your property management company. Keep in mind that you are literally running a business that will be scrutinized by your tenants. They also write reviews for public displays. That said, do what you can to develop raving fans about your beach house.

Here is a…

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Where to begin when you finally say it is time to get your beach property in the OUTER BANKS of NC:

You know the answer but resist due to how much information you feel you can garner on  line. But, having an Outer Banks NC real estate agent is essential to your protection and best satisfaction of your envisioned goal. 
The Outer Banks of North Carolina boasts the wild horses of Corolla, the historic charm of Hatteras, and the generational visits embedded in many family's history everywehere in between.  The OBX is a unique and special place to own property. Whether you're relocating or retiring to a primary residence or a second home, or a perhaps vacation rental investment to enhance and diversify your portfolio, the OBX real estate market presents…

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Moving from New York, Tri-State area to North Carolina

Many New Yorkers are moving south to North Carolina. Many from the Tri-State area, which also includes Connecticut and New Jersey, find their way to this fantastic state of North Carolina.

When the combinations of Quality of Life (retirement or not), Cost of Living, and Real Estate Values intersect in those serious conversations we have at times, North Carolina makes its way into the discussion. West to East, NC has mountain communities, rolling foothills, the piedmont areas, and, of course, the wonderful shoreline beach communities with the Atlantic Ocean as the main attraction.

My perspective of being a relocated New York resident is about the Outer Banks of NC. Once settled here in my…

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We are waiting for Summer with Winter behind us in the wonderful Outer Banks. This time of year at this beach community has an array of challenges and leisure filled times to be part of. The weather can go either way, can have 30 degree swings, a Nor'Easter or two but any day at the beach is a good one, right? While the weather can challenge us here so can it bring us a blessed day or few. I have seen 80+ degrees in mid-April and then a high in the 50's the next week! 

Also, we see the dynamics of our local traffic and influx of visitors starting to change. Imagine all the beach homes that are closed for the winter opening up. Do you know what happens here when this time arrives? The homeowners and local vendors that help jumpstart the homes and get…

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IS IT COMING BACK TO A BUYER’S MARKET?

Albermarle Sound OBX

When the market conditions shift from a seller’s market to a buyer’s market it is not known until many Pending Sales go to closing and several weeks or months have passed, understand? You see, many deals take at least 45 days to close, and even more can take longer….60 days (2 months) or more. Why is this important to point out? Recorded Data arrives for our review later than real time deals that are occurring or going to “Pending” status. We don’t know the settle price on a home until it closes, is my point.

Buyers can be at the front of this and be the ones creating market changes by being very good at negotiating in combination with understanding sellers’ motivations to agree to an offer. Or wait to be…

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We all LOVE our furry four legged friends and when we travel we would really enjoy having them accompany us. Many that visit here for their family vacation frown upon the idea of having to leave this family member home, and worse put up in a kennel for a week! For some, it is too much to bring them to an unfamiliar place especially in the summer, hot weeks. But, the ones that can and prefer to they have learned than many of the property management companies have "Pet Friendly" homes available. Typically, they have restrictions on some levels like quantity of dogs and some may even have a size cap.

These vacation homes that allow dogs and cats have special deposit fees and most that travel with their pets have learned to accept this part. As well, many…

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Have you ever vacationed to the wonderful Outer Banks of NC and considered owning a beach house like the one you vacationed in? Many have made this decision with a result of realization they are so happy they did! Then, when they see that Beach House Key Chain hanging with the rest they know they can make that trip for a weekend or when they plan that full family vacation. The sweetest part for many that choose this is, if they place the home with a Property Management Company, most to all (in some cases) of the expenses associated with ownership are covered!

Look, I will not tell you this is something that all people are built for especially when you rent it out to vacationers. The truth is that some folks treat it like a business and others are…

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Beach "Time" has a way of slowing down and many love the OUTER BANKS for that reason. Folks sort of lose their worries, slow down to smell the sea air, listen to the sea birds "cawing" and watch the waves roll on shore with their foamy splashes. You've experienced beach time benefits if you have been here to the OBX. The magic is available to enjoy for owners of beach homes any time and more and more are discovering that they can have most, if not all, their expenses of owning offset by renting to vacationers. 

You know what is really cool about owning here in the OBX? The reasons Buyers secure their beach homes here meet both emotional and investment minded ones! Sure, the emotional side of owning a Beach Home in the OUTER BANKS certainly connects…

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OBX HOLIDAY SALE!! Reducing Price on the ALREADY Lowest Priced Semi-Ocean Front in COROLLA (on pavement). Approx. $100K in Rental Income CONSISTENTLY!! Fresh, Newer Kitchen and other updates, too! Many know that Ocean Sands Corolla offers some of the BEST BEACHES in Corolla! Particulary, the less DENSE populated Section like "D" means a higher SENSE of quiet due to smaller quantity of homes compared to many other sections of Ocean Sands! NOW, FACTOR IN a Beach Access directly across the street (SEMI-OCEAN FRONT!) from this NOW AVAILABLE 6 BR, 4.5 BA Wonderful Beach House! That's right.....beach access steps away and one row from the ocean front! This home boasts clean and fresh recent updates of a New Kitchen, Flooring, Bathroom updates and…

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Who has the better Outer Banks Market Position? Buyers or Sellers?

Sunset at the OBX


The market seems to be benefiting both sellers and buyers. I know that may sound a bit confusing but let me explain and show in my delivery here a subject that shows the balance, if some elements are sought and identified, can tip to the buyer side.

The longer days on the market presently, than in the past 2 or 3 years, have shown that sellers must adjust their price downward to get buyers to move. Combining this with lax level activity from buyers due to lending rates remaining higher than preferred means better deals are being made by the smarter buyer strategies.

The sellers are still seeing the lowest number of inventories for years and therein lies their beneficial…

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