Tips for Buying a Home on the Outer Banks

outer-banks-buying-tipsThe Outer Banks of North Carolina offers award-winning beaches, great outdoor activities and a rich community culture beloved by all. It is very easy to fall in love with the Outer Banks lifestyle. Visiting the Outer Banks makes for a great vacation with the family, but owning and/or living on the Outer Banks is different. There are many aspects to consider when purchasing a home on the Outer Banks. Check out these tips for buying your next home on the Outer Banks of North Carolina.

Will this home be a vacation home or a permanent residence? Determining if you wish to use this home primarily as a vacation rental, a family vacation spot or a permanent residence, will help specify what type of home you wish to purchase on the beach.

If your home will primarily be a vacation rental that is put into a property management program you will likely be interested in larger, oceanfront homes. These homes allow for larger groups to stay and often bring in more revenue.

If this home will be your personal family’s vacation home, you will want to consider what you enjoy the most about the Outer Banks and the number of family members that come on vacation regularly. Homes that have larger bedrooms may be more accommodating because the rooms can accommodate more beds and futons.

If this home will be your permanent residence you will wish to consider if you want to live oceanfront around vacation homes that ebb and flow with occupation or soundside where more long-term residents tend to reside.

What town do you wish to live in? Each town on the Outer Banks has its own personality and feel. Depending on your priorities, the town that you find to be the best will differ from others. If you are looking for seclusion and a quieter area, the northern beaches of Duck, Corolla and Carova may be a great it for your home. If you wish to have great beaches, but still be in the center of community life, Kitty Hawk, Kill Devil Hills or Nags Head may be the best option.

Consider community and school systems. Although you may wish for the quiet seclusion of the northern beaches, other stipulations may change your idea of the perfect town. Dare County has an amazing school system that is one of the best in the state. With that said, the schools are all located in Kitty Hawk, Kill Devil Hills, Nags Head and Manteo. Those who live in Duck and Corolla face a long drive to school if they have children living permanently on the Outer Banks. If you wish to be a member of community leagues and recreation, living more centralized on the Outer Banks is more prudent.

Be sure to have a qualified home inspection. No matter who you pick as your real estate agent and broker, be sure to ask for a home inspection. Home regulations have changed tremendously in the last twenty years in Dare County and making sure you purchase a home up to code is critical. These home inspections will check for storm damage and any other construction issues as well. You as the buyer need to know of these issues before purchasing the home. This can save thousands of dollars in the long run.

Check state, county and town tax, and utility prices: Have your agent provide you with statistics about what taxes and utilities will be for the home you wish to purchase. These prices can vary from town to town. Knowing these costs ahead of time can prepare you for added yearly costs.

Use some of these tips to narrow your home search and quickly find your ideal home on the Outer Banks of North Carolina!

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