Home sales are up! We are currently in a growing sales market with the highest sales pace in 9 years. Home Coach is now in full stride with all of our agents putting in hours to keep up. If you are interested in buying or selling your home, now is a great time!
Do you have children in college? Are you looking to help them move off campus? If so, here is some food for thought. (Warning: Math to follow)
The average cost of a three bedroom apartment near NCSU is $730/month/resident and multiplying that out by 12 months and by three roommates we come out to about $26,500/year of renting that entire space. Now think about purchasing a townhome, which i know is a daunting thought, and play out the numbers the same way. Near NCSU campus there are townhomes that go for about $160,000. Assuming that you pay the same amount of rent that you would on the apartment into the mortgage of the townhome, the three roommates would have collectively paid off $80,000 of the townhome by the time they graduate college by spending no more than they already were if they had rented an apartment. Now those students or a single student if it was under one name are able to make the rest of the payments from the profit they make from renting the property to other students and now that student(s) has an investment property right out of college that is already 50% paid off. Or the property could be sold and would likely have the same value or appreciated slightly.
Hopefully i didn’t lose you in the numbers. Take a minute and play out the scenario and try to see the endless benefits that come from investing rather than expensing.
I have spoken multiple times about how the NC coast is a unique place and here is an outstanding statistic that North Carolina can brag about. Sunset Beach has been ranked by Trulia to be the second best vacation home market. With median home prices below $530,000 the market is accessible to a larger population and with that homes are able to turn over faster. Good for the economy, buyers, sellers, agents, vacationers, and local businesses.
http://www.bizjournals.com/charlotte/news/2016/07/19/n-c-beach-town-has-second-hottest-vacation-home.html
We are going into a beautiful weekend and with it many will be planning on cooking out. Well, if you are trying to come up with something different to throw on the grill other than the normal burgers and hot dogs, then check out these recipes and more like it on our “Favorite Foods” Pinterest board. http://www.yellowblissroad.com/recipes-for-the-grill/
Test Post
8480 Honeycutt Road, Suite
200, Raleigh, NC 27615
Phone: 919-714-7427
Email: info@HomeCoachNC.com
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