Owning a home on the Outer Banks is a dream for thousands of people who vacation on these barrier islands every year. But for families who have made the coastal trek every summer for the past couple decades, those rental fees would have been better served in buying a property instead.
Real estate investment is one of the smartest moves a family can make and what better place to do it than the Outer Banks? From Carova to Hatteras and Ocracoke, there are numerous properties available to meet almost any budget. Whether you are looking for a second home, vacation rental investment, retirement home, or even a primary residence, now is the best time of the year to make that beach house dream a reality.
Here are 5 reasons why the offseason is the best time of the year for buying property on the Outer Banks:
Even though the Outer Banks is becoming more of a year round destination, the crowds between November and April are definitely more manageable. This means getting to the beach and leaving is easier than any other time of year. Everything else is less crowded too. From grocery stores with hardly any lines, to restaurants where you can walk in and be immediately seated.
Agents to Assist You
Part of the benefit of smaller crowds is that there will hardly be any “whim” shoppers vying for attention from a real estate agent. These are people that are on vacation and simply think it would be cute to think about buying a beach house DURING their breaks from work.
Real estate agents love serious buyers and they will work harder for them than whim shoppers. People who are truly committed to buying a home on the Outer Banks will recognize that it is best to shop when their agents can do the most for them. This happens most often in the winter months.
In the winter, many properties are completely vacant and devoid of any renters. This means that you can take a tour of a home pretty much any time that meets your schedule. It is also better to see a home when it is clean (except for maybe some dust) than when it is rented. When you tour a home during the summer you never know if you will find a quiet family or renters or a bunch of fraternity guys.
Peace and Tranquility
Part of the benefit of owning a home on the Outer Banks is learning some of the secrets most tourists never discover. One of the best secrets is that winter can be beautiful anywhere on OBX. Walking the beach when it is deserted is one of the most relaxing experiences ever. It is also the best time to find shells.
Show Me the Sun or Money
But perhaps the best reason to shop for a house during the winter is that you still have the summer to look forward to. If you are buying a home as a vacation rental investment, you will have a full summer worth of rentals, many already booked, to begin to form a return on your investment. But if your goal is to purchase a second home, you will still have plenty of warm months ahead to enjoy the sun/sand/surf yourself.
For more information about the Outer Banks and what it takes to buy a home here, please check out our blog.