Do you dream?of?building a new home?some day on Hilton Head Island?? Let me tell you about a school teacher that I met?that lives?in a beautiful home on?the?Island.? What a great forward thinker.??She?not only?bought?a lot, but she also?built?her dream home 10 years before she retired.? She than rented the home until she was ready to make her move.??Twenty years ago?like right now, land was cheap, mortgage rates were?low and construction was affordable.??Amazing what you?can learn from school teacher.
Business Now, Pleasure Later
If?you?dream of moving?to Hilton Head?someday, the long term rental market?could be the?solution you are looking for.? Not only can you get in to the real estate market, you?can make headway into your future retirement.? Knowing the costs associated with?your retirement?in todays dollars?instead of?guessing or taking risks as to?these future costs?can put you ahead of the baby boomers and give you confidence to buy a great lot and start building.??It really should be mentioned that getting qualified for a mortgage while you have a source of income is easier than after retirement.? So forget the investment property, build your?retirement home now and rent it long term.
Seize the Opportunity with a?Long Term Tenant
Keith Miller of Miller Long Term Rentals(password: gator)?said, ?During the past 6 months we have had owners start construction of?homes that they will eventually move to in 3 to 5 years.? They?are placing the property on?our long-term rental market to help offset some of their carrying cost. With the shortage of available long term rentals, the prospect of getting a home rented sooner than later is excellent.?We?even have been asked to identify a good?house plan that will appeal to renters?.? If you would like contact Keith directly to?review a?property or house?plan?for its rental potential prior to purchase or construction call hime at?843-682-4310 or email keith@millerlongterm.com.
Demand is?growing for New Homes on Hilton Head
The information below is?provided by?Alan Perry at Synovous Bank.? His bank provides lot financing for lots on Hilton Head (up to 75% ltv)?and construction loans.? Alan wrote ?Are the home builders foreshadowing the future of the housing market? We sure hope so, because builder sentiment suggests better days ahead.? We say that because the home builder sentiment index surged a whopping six points to 35 in July. The monthly improvement is the largest in nearly 10 years, and it lifts the index up to where it was in March 2007. What?s more, the posting wasn?t skewed by a few bullish outliers. All regions reported gains. Looking ahead, the expectation is that sales will continue to improve over the next six months.?? Alan R Perry, Loan Officer, NMLS License #866734 ~ 843-681-2416 or alanrperry@synovusmortgage.com
Great builders are?still standing on Hilton Head
Scott Bunting at Bunting Construction added, ?Locally, new home construction is building steam. Hilton Head Island saw the number of new single family home permits increase 50% from May to June.? This dollar volume?was a?48% increase.???Bunting goes on to say, ?Now is the time?build your?retirement home?because interest rates are low, land values are compelling and only the best contractors will be the ones that put your home together!?
Great Home-sites on Hilton Head
Home-sites.? You are absolutely?crazy if you do not look at the present value of vacant land on Hilton Head Island today.? The lot next, the?lot for sale in?The Paddocks or Palmetto Hall?or?around the Islands?offer opportunities.? Even?if you just want to get your foot in the door and have no future commitment yet, vacant home-sites have never made more sense on Hilton Head Island.? We would love to introduce you to?a great lot, a great builder or a rental agent to help you make a plan, just email or call us toll free at 800-932-3652.? Thank you for reading.
Source: http://bloghiltonheadrealtor.com/2012/08/07/forget-the-investment-property/
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