The Best Investment

As a general rule, homes appreciate about five percent a year.
Some years will be more, some less. The figure will vary from neighborhood to neighborhood, and region to region. In recent years, homes in the Wilmington area are appreciating much faster than the average! Five percent may not seem like that much at first. Stocks (at times) appreciate much more, and you could earn over six percent with the safest investment of all, treasury bonds.

But take a second look…
Presumably, if you bought a $200,000 house, you did not pay cash for the home. You got a mortgage, too. Suppose you put as much as twenty percent down – that would be an investment of $40,000. At an appreciation rate of 5% annually, a $200,000 home would increase in value $10,000 during the first year. That means you earned $10,000 with an investment of $40,000. Your annual "return on investment" would be a whopping twenty-five percent! Of course, you are making mortgage payments and paying property taxes, along with a couple of other costs. However, since the interest on your mortgage and your property taxes are both tax deductible, the government is essentially subsidizing your home purchase.

When buying a home, your rate of return is higher than most any other investment you could make!
If you are moving to a home for the first time, you are going to be very pleased with all the new space you have available. You may have to even buy more "stuff.”

Buying a home is usually the BEST investment you’ll ever make!

I know the Wilmington real estate market very well. Call me today and put me to work for you!

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Why choose coastal NC?

The appreciation rate in coastal NC for 2003 to the present has been well above the national average. We have not been as affected by housing markets, because of our location and wonderful climate!

Lower taxes rates. North Carolina's per capita state and local tax rates are extremely low, ranking 36th among the 50 states.

Wilmington, NC was ranked #7 by Inc. magazine in its survey of the 50 Best Small Metro Areas to start a business!

Wilmington was named as one of the top 10 most desirable places to live, and was listed in the top 100 most creative art communities. In Money magazine, it was listed as the # 1 travel destination for families!

For the third time since 1998, Golf Digest has ranked Historic Wilmington and North Carolina’s Cape Fear Coast once again among the nation’s Top 10!

It’s not hard to see that investing in a second home in beautiful coastal North Carolina is a smart move. Call me for even more reasons...