OBX Real Estate

The number one reason to buy oceanfront real estate anywhere is location. It is not possible to have a more desirable location than oceanfront real estate. Its status as the most desired location also makes it the most expensive.

Currently, oceanfront lots in the Outer Banks are ranging from $1,700,000 in Whalehead to around $500,000 in Swan Beach (4wd area). The price on an oceanfront lot is also affected by its location, as you can see from the wide range of prices for oceanfront lots. Location for an oceanfront lot is affected by the community or subdivision it is in.

Highly sought after communities with premier amenities will draw more for their homes and the subsequent lots, than homes in a less desirable community. The effect the subdivision can have on the price will vary. Another often overlooked thing is that you will often find that the value of the lot far exceeds the value of the home that is built or is being built. Though the cost of construction can not be considered cheap, it is usually cheaper than the purchase of the lot.

With an oceanfront home you have the ability to extend your rental season. Where your oceanfront home is located in the Outer Banks will determine how long its rental season lasts. Oceanfront homes in communities that offer indoor pools. for example, can often run theIR rental season year round to achieve the maximum rental income. If your oceanfront home is well equipped, priced correctly, and open to a wide market, you should draw a large amount of rentals. Almost being able to rent your home year round.

There are a few drawbacks to oceanfront homes. To some they may seem insignificant, to others they may be much more significant. The biggest drawback is beach erosion. Obviously as a home owner, you do not want the beach in front of your home eroding away. The second drawback is that oceanfront homes often require additional maintenance. Being right on the water with the salt air, will force you as a home owner to practice yearly maintenance to keep your home in prime working order.