1039 highway 41 29466This question was asked from http://www.trulia.com/rental/3051003641-1877-Montclair-Dr-D-Mount-Pleasant-SC-29464?ecampaign=con_day_rentalpropertycomp_bk&eurl=www.trulia.com%2Frental%2F3
The job market looks very bright in the Charleston area. The front page of today's Post & courier had an article entitled " What's next with Boeing" They plan on adding 2000 more jobs to the current 6000.
Not a bad place to be! Call me to talk about it.... more
Park West is too large of a neighborhood to try and pull stats for the entire neighborhood. Homes range from the mid $100's up to several million dollars, so I would look at more precise stats for the subsection of Park West you are looking to buy in. Prices have come down all over the area, but you still have subsections like Coatbridge that are holding their own. If you are considering having a house built, I would really look into what John Wieland is doing in Dunes West and Hamlin Plantation. Their homes start in the mid $450's and they are one of the best builders in the area in this price range. I have 4 clients building with them now and all of them are very happy with the quality and value. They also will have a build on your own lot program if you are interested!... more
Prices are still very low at this time. There are some pockets in Mt Pleasant where prices are finally stabalizing. The demand for larger homes has been a very small part of the market but it is increasing daily with the new Boeing Plant and all the spin off companies. New homes seem to be selling quicker than existing ones unless you find a short sale or a bank foreclosure.
Carolina One Real Estate Mt Pleasant SC 532-0956... more
Before making the call wether or not to sell not you need to get the following information in order to make an intelliegent decision: current comparable homes on the market both in your neighborhood and the surrounding area, and the comparable homes that have sold in the past six months both in your neighborhood and the surrounding area, and the average days on the market for these properties. With this information you can intelligently determine at what price your home will sell at and how long will it take. Then you can decide if you wasnt to sell now. No one has a crystaal ball to predict future price trends. I believe we are at the bottom of the market as far as price and we will have steady to very slow home price in the near future.
To get the information you need I reccomend asking your friend for the referral of a real estate agent and interview 2-3 and select the one you feeel comfortable with to help you.
You can search MLS, or check me out at my website: www.carolinajoe.com.... more
I think it would not hurt to wait and rent for 6 months.... The market is not going to change that much in the next 6 months. There may be more of a supply coming on the market in the next 6 months, and you would have missed the exact house and price that you wanted to buy. In the meantime, you can work with an agent who will be looking for your interest and criteria for a home in Mt. Pleasant. I am with Keller Williams in Mt. Pleasant and would be happy to assist you.
Single family homes are renting in Mount Pleasant in the $1700 range. Overall occupancy rate is 73% of those rental properties listed on the local MLS. That includes condos and single family houses. Obviously with the flood of condominium properties on the market, those are the slowest to rent.
The key is price and condition, just as it is for properties that are listed for sale. If your home is in good condition compared with the others closeby for rent, it will rent.
However, as Lee mentioned below, you need to calculate the cost of holding the property and what it will take to put it back in "sale condition" if you are considering selling. Unless you want to be in the rental business, I would price it right and sell it now (that is if you are considering selling). If you are considering renting, choose a great property management company to handle it, rather than trying to do it all yourself.
Visit my website: www.TheCharlestonRealEstateAgent.com. Give me a call and I'll be delighted to help you choose a company if you really want to rent it.
As of today, there are 1107 single family, detached listings in Mt Pleasant, with approximately 16 months' inventory. Compare with 502 single family attached dwellings (condos and townhomes), with approximately 21 months's inventory. Clearly my colleagues' point is valid, SFD homes are more marketable these days.
However, depending on your investment objectives, a townhome may be more attractive. By objectives I mean price point, financing options, holding horizon, cash-on-cash & ROI required returns, etc. It is very hard to generalize saying SFD homes are better investments than townhomes or condos. Every investor has different objectives and criteria, and your REALTOR should be able to point you in the right direction once those are known...
Alan Donald, MBA, REALTOR
Keller Williams Realty
(843) 416-1434... more
You should be able to build a very nice home for $150 to $225 per square foot. Building waterfront will add a little more cost due to the fact that it will likely be in a flood plane which might require it to be built up high (ie. 12ft at main floor level). If you have been to the Charleston area you've likely seen many homes with this design. In some ways, since we can not build basements, the raised homes offer a lot of advantages for additional storage and parking. I work with a couple very good custom home builders that are very eager for work and would be happy to get you more information or put you in touch with them if you had more specfic questions.
Hope that helps.
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