As for a pool it is essential to generating strong rental income. Most renters demand it and they are willing to pay extra for it. The cost for a good quality job is around $35,000 that would include the pool, concrete, fence and most extras. I have a great pool guy if you ever need one.
If you have a need for my services please let me know. I will be happy to help you out any way that I can.
PO Box 2223
Kitty Hawk, NC 27949
"Working With Buyers & Sellers From Corolla To Hatteras"
Purchasing an Outer Banks rental property has proven to be a wise choice in today's investment world. This is evident in the number of investors that continue to re-invest in the market. With property values half of that in other coastal markets and historically low interest rates, there is still a fantastic opportunity for growth.
For the 1st quarter of 2008, the Outer Banks MLS statistics for Southern Shores the average sold price percentage to original list price is as follows:
Before you buy, I would like to suggest a few things for you to consider. However, you may already be working with a real estate broker and it would not be ethical of me to interfere. If you have not already signed a â€œWorking with Real Estate Agentâ€ and â€œBuyerâ€™s Agreementâ€, I would love the opportunity to do a FREE Comparative Market Analysis (CMA) and Cash Flow Analysis (CFA), for the property that you are considering purchasing.
You can visit my website at http://www.nagsheadhomes.com to read ABOUT ME or you may contact me at:
Hugh â€œScooterâ€ Willey
Sr. Assoc. Broker ~ Licensed NC Builder
Feel free to search my website 24 hours a day, the Outer Banks MLS, on my website.
Though I work exclusively on Hatteras Island, I searched MLS to find that the average selling price in Southern Shores so far this year was about 91% of the original list price. On Hatteras Island, the average this year has been 85% of listing price. While no one expects a full price offer in our current market, you should be realistic when placing your initial offer. Lowball offers have a tendancy to offend Sellers and make them defensive from the start.
Your best bet is to have an experienced agent research closed comparable sales and consider the differences before determining what the most likely selling price of your potential home would be. It would be even better to hire a real estate appraiser before the offer if you are unsure. Some sellers have adjusted their expectations and listing prices for our current market but many are not yet realistic in what they are asking.
If a swimming pool is a missing "must have", you can bet on costs starting at $20,000 to $30,000 for the addition.
I'd be happy to discuss the particular property of interest with you or recommend a good Realtor or Appraiser.