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Reply to "Kiawah Island, SC for 2nd property "
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[quote=Anonymous]I owned a house not far from there, and two things to look at are property taxes (can be high in some parts of SC), and flood insurance. Don't go by what your relative was paying -- they were probably grandfathered under the old rates. Maintenance can be a bear in the Sea Islands -- salt water is really hard on everything. But if you have the $$ to pay someone to keep up with the maintenance so you're not spending all of your time there doing it yourself, it can be wonderful. I'd also take a long look at the real estate market there. Last time I checked, there were a LOT of high end properties on the market there, and they had been for a while. That's likely not going to be helped by the changes in the tax laws that limit the deductibility of mortgage interest. So, selling might not be easy right now, anyway. [/quote]
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