The real estate market in Topsail Island is booming. Why? Because of the influx of seasoned investors who have seen the potential in this area and are now taking advantage of it.
Located on the southeastern coast of North Carolina, Topsail is an idyllic coastal town with a unique combination of small-town charm and robust real estate opportunities.
While the area has always been a popular vacation destination for those who love the beach life or want to get away from it all for a while. But now, with the help of seasoned investors, it’s becoming an even more popular place to own a second home.
This little island off the coast of North Carolina has many things going for it that make it such an attractive investment property destination:
Real Estate Is on the Up
The real estate market in the U.S. is on its way up and many seasoned investors are working with Lewis Realty Associates, Inc to take advantage of this trend, particularly in the southeastern coastal region of North Carolina. Areas like Topsail Island and neighboring Hampstead and Surf City are seeing a resurgence in homes being purchased by non-local buyers who see the potential for growth in coastal real estate markets.
While homes in Topsail Island sit on the market for an average of only ten days and reach their full asking price, there are also many other coastal communities that are experiencing similar trends. Homes in nearby Hampstead and Surf City sell quickly and reach their asking price as well, with some even surpassing it by several thousand dollars!
The appeal of coastal markets is undeniable to seasoned investors who understand the importance of location when it comes to investing in real estate.
High Occupancy Rates Attract Investors
A strong rental market with high occupancy rates is attractive to investors and the demand will remain steady as long as there’s a need for vacation rentals. If you’re looking to buy property in this area, now might be a good time to reach out to Lewis Realty Associates, Inc.
Investors have flocked to Topsail because they know that this area has been under-developed compared to other parts of North Carolina’s coast. This gives them an opportunity to make money by buying land cheaply and building homes on it later on when prices go up again.
The median home price in Topsail is $230,000, which means you’ll be able to find plenty of options that fit your budget.
Low Cost Entry
The secret to success in real estate investing is finding a good deal and then knowing how to fix it up and sell it quickly at a profit. The best way to do this is by buying low-priced properties that need some work but have potential for big returns.
Topsail Island is an ideal place to start investing in real estate if you’re new to the process, because it has a low cost of entry, but still offers many opportunities for growth over time. At the same time, experienced investors can find profitable deals here too.
Vacation Homes are in Demand
As highlighted above, real estate properties in holiday destinations like Topsail are growing exponentially, and investors know the market will get even more attractive in the coming years.
In fact, the appreciation rate for vacation homes has exceeded that of other residential homes for the past ten years making investing in coastal real estate a smart move.
Set-and-Forget Investments
With several years of positive cash flow already established on many properties, these investments are ready-made “set-and-forget” investments that provide stable income while they appreciate in value over time (as long as you keep up with maintenance).
This is especially true for Topsail Island homes that have been renovated and updated with new amenities like granite countertops, stainless steel appliances, hardwood floors and more.
These upgrades can help increase your property’s value as well as its appeal to buyers who are looking for more than just an affordable place to live while they’re stationed at nearby Camp Lejeune.
Vacation Rentals are Easier to Manage
There’s typically less property management required when it comes to vacation rentals making it ideal for those looking for passive income streams from their investments.
In a typical rental situation, you’re responsible for screening tenants and dealing with issues like maintenance and repairs. In contrast, when you invest in vacation rentals, the need for property management is typically lower. This means that your income stream may be more passive than it would be if you were purchasing an apartment building or single family home to rent out on the open market.
If you don’t want to manage your investment yourself, there are third party services available that can help do this work for you.
Coastal Regions are Almost a ‘Sure Bet’
Coastal regions continue to be popular destinations meaning that demand tends to remain high even during economic downturns making it low risk investment opportunities.
The Coastal regions of North Carolina are very popular destinations for both seasonal and permanent residents. The Outer Banks is a large area that stretches from Virginia Beach down to Southport, North Carolina. It is a popular vacation destination with many residents who are looking to escape the hustle and bustle of city life.
The Outer Banks is also becoming a hotspot for retirees who are looking for an easy-going lifestyle with plenty of warm weather year round. The population here has been growing rapidly over the past few years as more people discover this hidden gem off the coast of North Carolina.
One of the main draws for investors in this region is that there are plenty of properties available at reasonable prices that can be easily refurbished and rented out by owners or managers alike. This makes it an ideal location for those who want to purchase vacation homes or retirement homes without breaking their budget.
In Conclusion
If you’re a seasoned investor looking for a lucrative place to invest your capital, Lewis Realty Associates, Inc. can help you find an attractive Topsail real estate property. The area has seen tremendous growth in recent years, with numerous luxury developments popping up along the coast.
As such, investors are flocking to Topsail due to the area’s strong economy and potential for high returns on their investments. Additionally, the area boasts an abundance of amenities and attractions, making it an attractive destination for vacationers and retirees.
Ultimately, Topsail real estate promises to be a sound investment choice, offering investors a great opportunity to diversify their portfolios and benefit from the area’s strong market.