Why a Home Inspection prior to a Holden Beach NC real estate purchase?

The Federal Citizen Information Center (FCIC) recommends hiring a home inspector before deciding to purchase your home. Purchasing a home is an important decision, one that will be with you for multiple years. Therefore, you need to know the condition of the property to avoid any costly issues and repairs. You would not want to purchase a car from a private owner without having a mechanic check it out, why would you purchase a home on the word of the owner who is trying to get rid of it or an agent that does not specialize in home inspection?

A qualified home inspector will make an unbiased, expert evaluation of the true condition of the interested Holden Beach NC real estate property. They will inspect the structure, construction, mechanical systems (i.e. heating, cooling, electrical, plumbing, etc.), identify what should be repaired or replaced, and the remaining life of such systems.

The inspector will not provide you with an appraisal just a written statement of the homes condition.

Try to find an inspector that is knowledgeable in the market that your property of interest is located. Ask your Holden Beach realty agent about finding a qualified home inspector.

Things to do to get the most for your Holden Beach real estate

We are currently in a buyers’ market. In this type of market there is a larger supply of housing than there is the demand for them. Sellers are not getting their original asking price but there are some minor to moderately priced improvements that should provide returns from 110% to 300% plus. This will help realize your asking price or possibly more for your Holden Beach real estate.

  1. Clean the house. This is a crucial one especially for those open houses. A messy, cluttered home leaves a negative impression no matter how nice the home truly is.
     
  2. Install natural, brighter lighting. This type of lighting seems to be inviting and can accent the décor or your home.
     
  3. Plant some flowers and clean the yard. You can see the difference yourself. Drive through your neighborhood and see the difference in homes with and without flowers. They bring life and beauty to a property and obviously a clean yard is crucial.
     
  4. Paint the house. Whether it’s just a wall inside or the whole exterior needs to be painted. It’s not a very expensive improvement especially if you do it yourself and it can really make your home visually appealing.
     
  5. Clean and repair the floors. Sweep, mop, and vacuum. If tiled floors are damaged, fix them. If carpets are stained/dirty, replace or clean them. You can rent a carpet shampooer for less than $50.
     
  6. Fix all electrical and plumbing issues. Fix light switches and leaky faucets and toilets.
     
  7. Contemporary bathrooms and kitchens may be more financially draining but can add value to your home and are very appealing. There are many types of style to choose and a cost effectively option is out there.

Buying versus Renting Holden Beach Residential Real Estate

Making the decision to rent or buy can be a tough one. There are benefits to both depending on the market, your financial position and needs.

Here are some issues to consider:

  • The down payment for a Holden Beach Residential Real Estate and closing costs are likely to exceed any initial cash outlays associated with renting.
  • Owning real estate also tends to cost more than renting and can tie up money that could be invested in other more lucrative options.
  • Costs associated with Holden Beach rentals tend to be fixed where as home maintenance and repairs can create unexpected costs associated with ownership.
  • All repairs, maintenance, and some utilities are absorbed by a landlord when renting but with buying fall upon the owner.
  • In addition to mortgage payments, owning a home incurs other costs such as insurance, repairs, property taxes and mortgage payments.
  • Owning a home allows you to customize it and provides one with a peace of mind.

Before deciding to purchase Holden Beach Residential Real Estate you should use a Rent versus Buy calculator to help you determine which decide will be more beneficial to you. These calculators can be found on the New York Times website or through a search engine.

When accessing the cost/benefit of purchasing there are a number of components to consider. These include the ability to build equity, tax breaks, and the investment factor. Real estate builds equity. This equity builds as the mortgage is paid off. This equity builds value that you can convert to cash if needed. However, mortgage payments for the first few years may only cover interest and will not add to the equity of a home. Mortgage interest and property tax are both deductible versus money spent on rent which is not. As for the investment, real estate can appreciate in value, build equity and upon selling these profits can be realized.

Brunswickland Realty
123 Ocean Blvd.
Holden Beach, NC 28462
1-800-842-6949
rentals@brunswicklandrealty.com