Would you buy a second home in NC?
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Anonymous
| No way. |
Anonymous
|
No. Too far away from a major airport.
Due diligence fees. |
Anonymous
No, some of us actually go to Asheville quite a bit. I really can't see it as being super fun for young kids unless they like the outdoors. I don't have young kids, so that doesn't matter for me. If I wanted a second vacation home (with kids) I would.find one in an easy half days drive from the DC area. |
Anonymous
|
No. Why on earth do you want to buy a home there? At least vacation there a few times first.
Crazy. |
Anonymous
| My boss lives there. Not a lot on the market. I'd say you would overpay. |
Anonymous
| No way, too far to make it worth the investment. I have 2 properties within 90 min and we only go about 1 or 2 times per month max. |
Anonymous
|
Yes, I would and I have. Though not in Asheville, which is lovely.
We own a vacation home on Bald Head Island on the border with South Carolina. It's the closest beach that fits all our preferences -- closer than Cape Cod or Nantucket which would have been our first choice if not for the distance. North Carolina had a huge influx of buyers during the pandemic, and unlike much of the country, it's slated for continued price appreciation in 2023. There isn't much inventory. We've been approached to sell for 25% more than what we paid 18 months ago simply because nothing else in our part of the island is for sale in our bracket. Unlike what a PP said, we don't feel at all unwelcome as Washingtonians. Quite the opposite. But I recognize that it's the coast and not the mountains. |
Anonymous
| If i could afford a 2nd home, yes. We spent a few summers in that area, and it’s beautiful. |
Anonymous
|
OP, how old are your kids? And how often do you anticipate being able to travel there? We have a 2nd home within 90 minutes of DC and we travel there at least 1 weekend/month, and aim for 2. I can't imagine trying to spend time at a 2nd home if I had to fly. The time at the airport, having to plan in advance, risks of flight problems that take precious time away from the place meant to be for relaxation. But our goal is to have our place as a true weekend home where we don't have to do much planning to get there and can go on a whim, even if just for one night, and can fit within our increasingly busy schedule with teenagers. That may not be what you are looking for. Having a 2nd home is lovely though so I hope you find something that works well for your family! We instantly relax when we walk in the door.
As an aside, I agree with PP that said Asheville may not have a lot for kids to do. We spent almost a full week there on vacation within the last year and after the 1st couple of days, we struggled to find something to do with the kids, besides hiking. Again, if you are just going for the weekend, that may not matter. |
Anonymous
| PP above - I will also add that closing down a house takes a lot of time, unfortunately. I wouldn't want to have to fit that process into making a flight home. And we buy our groceries in DC to take with us for the weekend so we don't have to stop at the store on way to the home. You would have to add this time in once you arrive. |
Anonymous
| Unless you feel really strong about the real estate market there investment wise, I wouldn't do. It is far enough away that it would be challenging to get there much or manage as a vacation rental. If you are a teacher or do something where you get large chunks of time off or are confident you're interested in retiring there (and where it would become your primary residence), then maybe! |