Rather than spending your savings each year on a week-long vacation at the beach, why not put that money toward a beach house of your own? In addition to having access to a year-round vacation home, your house can provide a source of income if you choose to rent it out to guests. Read our Outer Banks Homeowner’s Guide to Vacation Rentals below to learn useful information about owning an investment property. If you’ve decided to invest but don’t know where to start your search, begin by browsing the wonderful selection of homes for sale in the Outer Banks!
For answers to all of your home-buying questions, our team of experienced Real Estate Agents at Shoreline OBX is here to help. Our Agents are experts when it comes to real estate in the Outer Banks, meaning we can help you make a sound investment based on your needs and budget. We can also help answer any questions regarding successfully positioning your house as a vacation rental.
Your Outer Banks Homeowner’s Guide to Vacation Rentals
Start with These Questions
If you’re considering buying a vacation rental in the Outer Banks, start with these 10 investment property questions. By the end, you should have a good idea of whether or not you’re ready for an Outer Banks investment property. When executed well, the pros of owning a home in the Outer Banks will far outweigh the cons.
Determine Your Ideal Location
Do you want a home near the drivable beaches in the Northern Outer Banks? Perhaps your ideal location is nestled alongside the peaceful beaches on Ocracoke Island. To help educate you on the different areas and find the best location, take a look at our Outer Banks islands and town guide. Keep in mind that different towns in the Outer Banks have different town ordinances.
Find the Right Insurance
In the Outer Banks, there are state-specific, wind-pool guidelines that can make purchasing the right homeowner’s insurance difficult to determine. You also want to be sure to choose a policy that covers guest liability and any damage caused by renters; not all policies cover these costs. At Shoreline OBX, we can put you in touch with local insurance agencies who know the ins and outs of Outer Banks homeowners insurance and can help you find the tailor-made policy for your investment.
Ready to Find Your Perfect Outer Banks Investment Property?
The Outer Banks Homeowner’s Guide is a great place to start if you’re planning to purchase an investment property. Once you’ve decided that investing is the right choice for you, you’re ready to begin your search. Start by browsing the extensive collection of Outer Banks homes for sale through Shoreline OBX! We have homes across the Outer Banks in a range of different styles, prices, and sizes. Remember that our dedicated team of experts is here to help you along the way. If any questions arise throughout the process, feel free to contact us!