WHERE TO LIVE IN EMERALD ISLE?
PART TWO
Like all Outer Bank Islands, Bogue Banks has one main thoroughfare, locally known as Emerald Drive, and officially called U.S. Highway 58, that carries the majority of traffic up and down the Bogue Banks from Atlantic Beach to Emerald Isle. Emerald Drive can be difficult and dangerous to cross during the busy summer season unless crossing at a stoplight. Most vacationers prefer renting on the south side of this road for convenience and safety in getting to the beach.
Quite a few homes in this oceanside area have good views of the ocean, and getting to the beach may take only a minute or two. Prices in this area vary from a modest monthly mortgage payment to homes costing north of a million dollars.
Everything from doors to heat pumps will last a little longer in this oceanside area because the elements do not beat on these houses quite as much. Typically this area also has a little bit more of a neighborhood feel. Most of the time the lots are smaller, and the focus of each house is not always on the ocean. During holiday weekends, out of town owners enjoy meeting their neighbors. They will take time to discuss the new house going up around the corner, what is happening in the fishing scene or share recommendations about a good handyman.
Buyers who have a view of the ocean on their list of “must haves” can usually find a home with this view in their price range. Some oceanside areas have high elevations and can overlook the houses in front of them. Other areas have large spaces between the houses and allow for views between them.
In years past, buyers would purchase homes in this area and rent them out for years with the intent of retiring in the property. Usually this works great for the owners until they decide to retire. At that time they soon discover that owning a home in the middle of a vacation rental area may be a little too busy for them in the summer time.
Vacationers may be frequently coming and going and enjoying themselves at different hours than the retiree is used to. Furthermore, a typical vacation rental home may not be suited for year round living. Carrying groceries to the third floor and living with smaller closets might be better left for vacation renters.
All this said, the oceanside area is perfect for most people buying their first vacation rental home. It gives them the feel of the beach without all the cost and also provides the opportunity for significant rental income.
And, when you want more information on Emerald Isle oceanside opportunities, whether a home or land to buy or sell, visit my website, www.EIHomesforSale.com for my free Guide to Living in Emerald Isle or text your email address to: 919-308-2292.
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