OBX Real Estate Blog from Eillu

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Dec. 1, 2021

Pros & Cons of Buying a Resale Home vs. New Home on the Outer Banks


Choosing the perfect Outer Banks real estate can be very exciting. The options boast a wide variety in style, design, and age. But buyers are often confronted with the choice between existing homes or newly constructed homes. It’s important to remember that both offer great benefits and unique opportunities in the East Coast’s premier vacation destination. Here are some things to consider when choosing your OBX real estate property.

 

Are you looking for a home that needs renovation? Do you want a home that is already furnished? These are some of the considerations you as the potential homeowner will need to make before deciding on an Outer Banks vacation home. Although these costs may seem minuscule, they can easily add up to be a large sum that is unexpected during the months where you will be putting the most money upfront.

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Posted in Tips for Buyers
Nov. 30, 2021

Deep-Sea Fishing on the Outer Banks

The Outer Banks is a premium location for deep-sea fishing. Our beaches are just 12 to 15 miles from the Gulf Stream, giving you the opportunity to catch large fish like yellowfin tuna, blue marlin, white marlin, dolphin (mahi-mahi), wahoo, and sailfish. The Outer Banks is "The Billfish Capital of the World" and for good reason. Hundreds of blue marlin, white marlin, and sailfish are caught and released in our waters every year. 

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Posted in Things to Do
Nov. 29, 2021

Vacation Home Ownership on the Outer Banks

Once you start vacationing on the Outer Banks of North Carolina, the land becomes part of your soul and only grows year after year. The Outer Banks offers the perfect area to own a vacation home for making memories and/or making a smart investment. The Eillu Real Estate Team has many years of experience with Outer Banks vacation homes and can help you not only find the perfect home on the beach, but also guide you toward rental success. Not sure why you should be purchasing a vacation home? Here are some of the benefits! 

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Nov. 22, 2021

Explore the Intracoastal Waterway

Visitors to North Carolina will most likely pass the Intracoastal Waterway during their trip to the Outer Banks. Traveling from the north, you will cross over the waterway on a bridge on U.S. 158 in Currituck County, and it continues to run parallel to the mainland to the Wright Memorial Bridge. The waterway begins in northern Currituck County and then divides into two routes going south. The Intracoastal Waterway was first developed as a safe route for shipping companies to transport goods, but these days, thousands of visitors travel through the Outer and Inner Banks by boat. If you are interested in exploring the waterway, there are several marinas and restaurants along the 120-mile section of the Outer and Inner Banks Intracoastal Waterway.

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Posted in Things to Do
Nov. 18, 2021

The Most Desired Features in Vacation Homes on the Outer Banks

With its mild weather changes, world-class beaches, and great outdoor activities, the Outer Banks is a beloved vacation destination for thousands across the country. While many only visit the Outer Banks, some are lucky enough to own or purchase property on the beautiful barrier islands. The Outer Banks is not only an attraction for visitors, but the long string of barrier islands also offer a strong appeal to investors. One of the top reasons for this is the increased income for owners due to the desirable location.

If you’re on the fence about whether or not you want to invest in an Outer Banks vacation home, then keep reading! We compiled some important information to consider and ultimately help you decide the best route to go for investing in an Outer Banks vacation rental home.

One of the most important questions investors should always keep in mind is, “How well will this house rent?” With so many choices on the Outer Banks, from luxury to rustic, it is easy to lose sight of what is most important to the target customers of your vacation rental home. Every amenity must be carefully considered to make sure it is satisfying guests and not draining your pockets. It is not necessary to have every amenity to get loyal guests and a fully booked calendar.

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Nov. 16, 2021

Best Things to Pack for Your Outer Banks Vacation

Heading to the Outer Banks is one of the best ways to spend a family vacation. As your vacation gets closer and closer, so does the dread for packing. Don’t worry — you aren’t alone! Many people dread the process of both packing and unpacking from vacation. Whether it’s your first time to the Outer Banks or your 21st time, we as humans can be forgetful even of the most important things. That’s why we put together this Ultimate OBX Vacation Packing List — so you won’t have to stress about forgetting something, including your sanity! With the items on our following list, you’ll be all set for relaxation on your destination vacation to the beautiful Outer Banks of North Carolina! 

 

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Posted in Vacation Rentals
Nov. 15, 2021

Benefits of Buying Corolla, Outer Banks Real Estate

Buying Outer Banks real estate can be an extremely profitable and rewarding experience for families looking for a beach getaway. Choosing the right town on the Outer Banks to purchase your home can be the hard part. Each town has its own allure and amenities that make living and visiting the OBX so popular. One of the most popular towns is the northern beach town of Corolla. Corolla real estate provides many with the quintessential OBX town feel loved by so many. Learn why more families are choosing Corolla to purchase an OBX beach home more than ever!

Miles of Pristine Beaches

Let’s face it: the most alluring and desirable amenity the Outer Banks boasts is its untamed beaches. Corolla offers some of the most natural landscape left on the Outer Banks. Thanks to later construction and the miles of beaches preserved for the Corolla Wild Horses, Corolla has beachfront homes that give you and your family plenty of room to enjoy the nature that you fell in love with. 

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Posted in Tips for Buyers
Nov. 11, 2021

Renting vs. Owning a Vacation Home on the Outer Banks

Every vacationer to the Outer Banks has considered, if only for a moment – what it would be like to have their very own home in paradise;  A place for a family retreat or perhaps to eventually retire to.

 

Consider this: Instead of doling out dough every year to rent a home near the beach, you could own a condo or home in the same area.

 

Buying a vacation home provides an endless number of getaways stretched out in front of you. No matter where you live, getting out of town is cathartic. Even more so, it’s almost meditative being able to relax in a space that’s all yours without the hassles that come with hotels or having to abide by other homeowners' rules. Plus, you don’t have to worry about any additional costs because you’re already paying for it, especially if you end up cooking at home. Owning a second home, however, may not be the best choice for everyone, regardless of the location. There are several things to consider when deciding if owning a home on the Outer Banks will be of greater value to you rather than simply renting a home on the Outer Banks. Owning a second home should be pleasurable, not the source of constant financial strain. Smart decision-making is key, and always remember to know your limits when it comes to big decisions that will impact your future. When done right, the advantages of owning a home on the Outer Banks can far surpass the disadvantages, so we’ve gathered some information to help those who are trying to determine what’s best: to Rent or to Own?

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Posted in Tips for Buyers
Oct. 15, 2021

9 Steps to Buying a House in the Outer Banks

If you’re thinking about buying a home where you can enjoy the sun, sand and sea, whether it’s your first home or your tenth, you’ll most likely follow a specific process. Check out these nine steps to buying a house in the Outer Banks – they’ll help you prepare for the process so you can make an offer on your dream home as soon as you find it.

These are the 9 steps to buying a house in the Outer Banks:

  • Get mortgage preapproval
  • Find a REALTOR
  • Make a list of must-haves, wants and must-not-haves
  • Start house-hunting (and be ready to edit your lists)
  • Tour homes you like
  • Make an offer
  • Get a home inspection
  • Have the home appraised
  • Close the deal

Here’s a closer look at each:

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Posted in Tips for Buyers
Oct. 15, 2021

10 Can’t-Miss Attractions in Outer Banks for Your Next Vacation

10 Can’t-Miss Attractions in Outer Banks for Your Next Vacation

Whether you’re coming to the Outer Banks for a quick weekend getaway or you’re visiting to find your next home, you’ll love knowing that some of North Carolina’s best – and most famed – attractions are all located along our beautiful shoreline. Check out these ten can’t-miss attractions in OBX.

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Posted in Things to Do