Outer Banks Real Estate CONSULTING
North Carolina Realty -
Michael Lancsek, Broker / Realtor 888-OBX-OF-NC CONTACT MICHAEL
Southern Shores | Corolla | Duck | Kitty Hawk | Kill Devil Hills | Nags Head | Colington | Hatteras | Manteo
Outer Banks Oceanfront - Homes For Sale on the Outer Banks NC Beach
Beach
property along the coast of the OBX is a diversified market, and you
should understand why one Outer Banks beach house cost more than
another. Flood zones, erosion, and proximity are just a few
factors you must seriously consider before you place a value to an
oceanfront beach house. Just because a property is cheaper,
doesn't make it a better value. Rule of thumb applies: "If it
is too good to be true, it's not true." A good investment property
will help carry the cost of ownership, but just because an
investment has a good cash flow, doesn't mean it's low risk.
When exploring property right on the Outer Banks NC beach, take into
account first...erosion. Be aware that you live on a Barrier
island. If you do a little research on barrier islands, they
do one thing....move! Some move faster than others, and some
move in different directions. Generally, you will find our
barrier islands moving West towards inland NC. There are parts along
the coast where erosion is high and some Outer Banks oceanfront homes
are endangered to storms and frequent nor'easters. After you
consider the best area to look, consider the insurance factors
associated with the property. Property flood zones change from
property to property and depending on which flood zone the home is
designated, will determine the yearly flood insurance associated
with that property. Where as it could cost $3,000 a year for
coverage in one area, could cost $15,000 or even more in another!
You will never get the full value picture of a property online. You
can do all the research in the world, but you should have an
informative edge by working with a realtor early on. It's not
about finding the cheapest Outer Banks beach house, but the one that
makes the most sense at the best value.
Here is what is for sale on the oceanfront today: be patient for initial load
Don't; waste your time, "wishing." Get a firm understanding of
buying oceanfront property, it can make a difference whether it's
still there one day!
888-OBX-OF-NC