Category Archives: OBX Healthcare

Buying A Home? Avoid These Neighborhood Features to Ensure Maximum Appreciation

negative-factors-affecting-property-valuesThe beauty of the Outer Banks is like no other place in the world.  If you are looking to buy a home on the Outer Banks; as a rental investment, retirement home or permanent home; then you need to look beyond the sea and sound views to maximize the long term value of your investment.

Realtor.com released a study calculating the “drag” factor for of various neighborhood “negative” features.  For each factor, they compared the median home price of the ZIP codes with that factor with the median price for all homes in the same county. The items on the list are correlated to a lower price but not necessarily the cause of the lower price.  Kinda like the chicken and the egg thing.  Some items on the list may surprise you. 

Hospital – Drag factor: 3.2%

I remember when there was no hospital on the Outer Banks.  Now, that was a drag.  I’m sure many older folks decided to retire elsewhere due to the lack of health care facilities.  It may surprise you that living too near to a hospital can reduce the price you can sell by 3%.  I suppose the traffic and noise from ambulances or helicopter is the primary reason.  The key consideration is to be located close enough to medical facilities to get help when needed but far enough away not to be disturbed by any negative externalities. 

Shooting range – Drag factor: 3.7%

It is not surprising that locations near a shooting range would be a drag on property values.  This would apply to outdoor shooting ranges where the sound of gunfire would be disturbing to neighbors.  Another factor for outdoor ranges is environmental concerns with the potential of lead from spent shells leaching into the soil and water.  A closed gun club in San Francisco triggered $22 million in cleanup fees last year.

Power plant – Drag factor: 5.3%

I’m surprised the drag factor for a power plant is not higher.  Even though the perception of the dangers are probably higher than the actual danger.  Of course, it also depends on the type of power generated.  Nuclear compared to solar or wind would likely not be the same. 

One item not included in the Realtor study, was high tension electrical wires.  The issue dates back to a 1979 study which associated increased risk of childhood leukemia with residential proximity to power lines.  The issue has been studied frequently ever since.  The continued negative press, inconclusive results is enough to raise doubt in the public’s mind and would create a similar or greater drag on values.  Add to that, the unsightly nature of the lines and it becomes a factor to avoid with real estate investments.

According to Gary Zeman, ScD, CHP “…there are no known health risks that have been conclusively demonstrated to be caused by living near high-voltage power lines. But science is unable to prove a negative, including whether low-level EMFs are completely risk free. Most scientists believe that exposure to the low-level EMFs near power lines is safe, but some scientists continue research to look for possible health risks associated with these fields. If there are any risks such as cancer associated with living near power lines, then it is clear that those risks are small.”   

Funeral home – Drag factor: 6.5%

I get the creepy or ick factor.  Besides, who want to be reminded of one’s mortality.  Some other concerns are the traffic from funeral attendees and fear that smoke from cremation is toxic.  A fear does not have to be rational for a stigma to exist.

Cemetery – Drag factor: 12.3%

I find it somewhat surprising that the drag factor is so large for a cemetery.  After all, your “neighbors” are very quiet.  Similar to a funeral home, superstition and irrational fear have created a stigma. 

Homeless shelter – Drag factor: 12.7%

It is not surprising that homeless shelters have such a high drag factor.  After all, the perception is that unwanted misfits will bring more police and emergency calls into ones quiet neighborhood.  While a drug rehab center was not a part of the Realtors study, I would guess that the drag factor could be even larger.

High concentration of renters – Drag factor: 13.8%

For the major metropolitan areas covered by the Realtors study, the drag factor when there is a high concentration of renters was nearly 14%.  This would include areas where there is a large cluster of apartment buildings with the associated noise, congestion, traffic.  While the Outer Banks has a significant number of vacation rental homes, applying this factor to the Outer Banks would be a mistake of apples to oranges.

Strip club – The drag: 14.7%

No surprise that a strip club and the associated vices has an almost 15% drag on values.  The loud music, alcohol and the reputation of the clientele would certainly drive the perception and perhaps the reality that a strip club would not make for a good neighbor.

Bad school – The drag: 22.2%

Even if you do not have children in school, buying property in a “bad” school district is not a good idea.  On the other hand, buying in a top-performing school district is always a plus for your property value.

A common element on the list above is potential pollution – in the form of noise.  So, one can infer that living near an airport or train station would also incur a drag on values.  Similarly, pollution in any form, while not specifically included in the Realtors study, would also drag down values. 

The rule of thumb to buy the worst house in the best neighborhood applies and would likely avoid many of the scenarios above.  Also, keep in mind, things change.  Since real estate is a longer term investment knowing what likely changes may be coming in or near the location for your intended purchase can increase your potential profit.  For example, if you know the funeral home is likely to close after your purchase but before you resell an investment then you could boost the profit on the sale accordingly.  Evaluating future development in the area can reveal opportunities for greater future appreciation or depreciation depending on the nature of the development. 

Call the local experts at Eillu to help you maximize your investment on the Outer Banks.

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Health Facilities on the Outer Banks

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When buying a new house, it is important to check for the health facilities that are available in the new location. There are many professional health facilities located on the Outer Banks with high-quality service. As you are searching for Outer Banks real estate, check out the following health facilities in the area.

Sentara Healthcare

Sentara Healthcare is a Norfolk, Virginia-based health facility that was founded in 1888. Sentara now has a location in Kitty Hawk. The facility can also be found on the mainland in Elizabeth City in Pasquotank County as well. In 2011, HealthStream Research, which collects data on the healthcare industry, named Sentara’s outpatient surgery center in Kitty Hawk as the top same-day surgery center for patient satisfaction in the United States. The Sentara Albemarle Medical Center in Elizabeth City consists of more than 100 physicians and provides a variety of services including cardiology, inpatient care, and cancer treatment.

The Outer Banks Hospital

The Outer Banks Hospital has been open in Nags Head since 2002. The hospital formed as a partnership between Vidant Health and the Chesapeake Regional Medical Center. The community hospital provides a range of services including labor and delivery, outpatient, and emergency room services. It has been considered a top community hospital and a top critical access hospital in the United States. The hospital is Vidant Health’s Outer Banks location with services such as radiography technology, surgery, lab work, and physical therapy.

Outer Banks Urgent Care

The Outer Banks Urgent Care medical facility is located in Nags Head. Walk-ins are welcome, and it is open for appointments on the weekends. The facility provides many treatments and services, including health physicals as well as primary care, urgent care, and lab services. With personalized and quality services, Outer Banks Urgent Care professionals are prepared to help you in your time of need.

Albemarle Eye Center

The Albemarle Eye Center can be found in Kitty Hawk. The eye center also has locations on the mainland in Elizabeth City, Edenton, and in Washington. Available services include eye exams, laser vision correction, and glaucoma treatment. The physicians are prepared to take care of your eye needs, ranging from regular exams for eye care to eye procedures.

Hatteras Village Medical Center

The Hatteras Village Medical Center provides a variety of services and is available through walk-ins as well as appointments. Services provided include physicals and lab tests as well as treatments for skin conditions. If you are looking for Outer Banks homes toward the southern part of the barrier islands, this is a key medical center that is available.

Outer Banks Veterinary Hospitals

The Outer Banks is also home to a number of veterinary clinics, and they are available to provide healthcare for your pets. The Roanoke Island Animal Clinic is located in Manteo. Dr. Mary Burkart and Dr. Mark Grossman are professionals ready to provide personal care for your beloved furry friends. The clinic has ben considered a top Outer Banks veterinary hospital for multiple years.

The Coastal Animal Hospital is located in Kitty Hawk. Dr. Stephen Samson is the leader of the veterinary clinic there, which provides different services including check-ups and surgeries for your pets. The Martin’s Point Veterinary Hospital is also located in Kitty Hawk, near the Wright Memorial Bridge. The veterinarians provide help with many different health issues including arthritis, seizures, ticks, fleas, and parasites.

While searching for your Outer Banks investment property, health facilities are a key part of the community to take into consideration. There are a variety of healthcare services available on the Outer Banks, where healthcare professionals are prepared to take care of your medical needs and are available to help you by providing high-quality medical services.


Outer Banks Health Facilities for Residents

outer-banks-doctorsMoving to a new location causes families to search for new facilities and healthcare providers for the entire family. This becomes even more important if a family member has specific medical needs. The Outer Banks offers a wide variety of medical facilities and medical partners who have surpassed expectations with amazing customer care and by winning many awards. When looking at Outer Banks real estate, knowing that quality assistance is right around the corner brings peace of mind to you and your family. Here are some of the great medical practices located on the Outer Banks that will bring you peace of mind!

The Outer Banks Hospital

The Outer Banks Hospital Serves as the area’s emergency room and offers a wide variety of medical services to the Dare and Currituck County. The hospital has been recognized for its excellent services and for its Women’s Care department. The hospital stands as the core of the healthcare industry on the Outer Banks and works closely with other hospitals located in Hampton Roads Virginia.
Phone: 1 (877)-359-9179
Address: 4800 S. Croatan Highway Nags Head, NC 27959

Outer Banks Urgent Care

Urgent Care is ready and prepared for all of life’s accidents and illnesses. Offer a full-service urgent care center, Outer Banks Urgent Care provides outstanding care for minor illnesses and bodily harm. The urgent care center is known for seeing patients on the weekends which is beneficial for the needs of families when something occurs outside of business hours.
Phone: 252-261-8040
Address: 4923 S. Croatan Highway, Nags Head, NC 27959

Primary Care Physicians

These are the two major locations for healthcare services. If you are looking for a primary care physician, here is a list of highly regarded local physicians.

Dare Medical Associates
Phone: 252-473-3478
Address: 604 Amanda St., Manteo, NC 27954

Surf Pediatrics
Phone: 252-449-5200
Address: 100 East Dune St, Nags Head, NC 27959

Island Medical Center
Phone: 252-473-2500
Address: 715 U.S. 64, Manteo, NC 27954

Veterinarians

Fido is part of the family too! Here is a list of trusted Outer Banks veterinarians who provide outstanding services for your family pets. Ensuring their health is another consideration when choosing your Outer Banks property. Use this list to find the perfect vet for you and your pets!

Outer Banks Veterinary Offices
Phone: 252-715-1407
Address: 3723 N. Croatan Highway, Kitty Hawk, NC 27949

Coastal Animal Hospital
Phone: 252-261-3960\
Address: 3616 N. Croatan Highway, Kitty Hawk, NC 27949

Roanoke Island Animal Clinic
Phone: 252-473-3117
Address: 107 Russell Twiford Rd, Manteo, NC 27954

If your family is in need of a specialist or a specific doctor, the Outer Banks Hospital provides a great resource for families to find the perfect doctor here. No matter the medical services you need, the Outer Banks can provide your family with the care it needs.

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