Network Wilmington Real Estate News

July 10, 2024

The Ins and Outs of Home Inspectionss

 

For most of us, the purchase of a home will be the biggest investment we will ever make.

This is why the home inspection is such a crucial part of the home-buying process.

 

During a home inspection, a licensed inspector will do a thorough assessment of a home, looking for any issues that could affect its value.

 

This usually takes place shortly after the buyer and seller have agreed on the terms of the sale and entered a purchase agreement.

The inspection allows the buyers to make informed decisions and ensures that you are investing in a safe and sound home.

Here’s a look at the home inspection process for both buyers and sellers:

For Buyers

Hiring a home inspector

Be sure to select a qualified and licensed inspector. Make sure they are licensed or certified by a recognized professional organization, such as the American Society of Home Inspectors (ASHI), the International Association of Certified Home Inspectors (InterNACHI), or the National Association of Home Inspectors (NAHI).

Also, ask them how long they’ve been inspecting houses and how many home inspections they have done.

What to expect

Buyers should accompany the inspector during the home inspection. This allows them to ask questions about the property's condition.

The inspection will include all visible and accessible parts of the home, including the roof, foundation, HVAC, plumbing, and more.

The inspector will provide a detailed report shortly afterward outlining their findings.

Keep in mind that no home is perfect, and an inspection will often list multiple issues from minor repairs to significant structural problems.

What’s next

As the buyer, you can use the inspection report as a negotiation tool. Depending on what the inspector finds, buyers could require repairs, ask for a reduction in the sale price, or ask for credit toward closing costs.

Many purchase agreements include a home inspection contingency, which allows buyers to back out if significant issues are found.

While some of the issues in the report may not need to be addressed immediately, they could require maintenance in the future so budget accordingly.

For sellers

Be prepared

A seller should consider getting an inspection of their home before putting it on the market.

By doing this, they can identify any potential issues that may come up in the buyers’ home inspection. Sellers then can address these issues ahead of time.
 

By doing this, the sellers can improve the marketability of the home and potentially justify a higher asking price.
 

Don’t forget that first impressions matter. Make sure your property is well-maintained and that the inspector can easily access areas like the attic and crawlspace.

 

When preparing to put your house on the market, collect any documentation you may have on maintenance, upgrades, and repairs that have been done to the property. Also, include any warranties with this paperwork.

Be Flexible

Do your best to accommodate the inspector's schedule and allow sufficient time for the inspection to be conducted (this could take two or three hours). Also, keep in mind that the buyers may accompany the inspector for the inspection.

As the sellers, you have the right to be present during the inspection but you should give the inspector the space needed to focus on their assessment of the home.

Next steps

Once the sellers receive a copy of the inspection report, they should consult their real estate agent to discuss possible responses.

If the inspection finds any significant issues, the sellers may try to negotiate for repair or a reduction in the sale price of the home.

Ensure that all agreed-upon work is completed by the time the buyers conduct their final walk-through.

Network Real Estate | Wilmington, NC Real Estate

Need help finding a home in the Wilmington, NC area under your budget? The agents here at Network Real Estate have years of experience under their belts and can help you find some fantastic home options within your price range. Call us at 910-395-4100 today to start working with one of our dedicated agents.

 

READ MORE:

The Hidden Costs of Homeownership

The Pros & Cons of Gated Communities
Navigating the Wilmington, NC Condo Market: Tips For Buyers

 

June 10, 2024

How to Find That Perfect Beach Vacation Rental

Vacation homes

Summer is here! It’s time to book the perfect spot for that dream beach vacation! Network Real Estate can help! With dozens of options to choose from in the Carolina Beach and Kure Beach area, you’re sure to find the ideal spot to kick back and relax next to the Atlantic Ocean.

When it’s time to choose that perfect abode, here are a few things to consider:

Location! Location! Location!

So you’ve decided to take a beach vacation this summer but how close to the beach do you want to stay?

Beachfront homes and condos obviously offer better views of the ocean and easier access to the beach (not to mention no need to find parking at a beach access). And waking up to the sound of crashing waves and the sunrise over the ocean is tough to beat. But the view and convenience usually come with a higher price.

Network Real Estate offers oceanfront options in both Carolina Beach and Kure Beach. There also are rentals that are a short walk or ride away from the beach.

Want to stay closer to the Carolina Beach boardwalk so you can enjoy its many restaurants and shops? Here are some options to consider. 

Homes vs. Condo

Another thing to consider is whether you want to rent a house or a condo. Homes typically offer more space and privacy than condos. They usually offer more private outdoor areas and can provide more room for larger groups.

While often smaller, condos usually offer shared amenities like pools or gyms.

Rooms and Amenities

Be sure that your beach rental is large enough to comfortably house your group, You can usually search for vacation rentals with a minimum number of rooms/beds. Also what amenities are there? Is there a full kitchen or a place to do laundry? Does it have WiFi available?

Pet Friendly?

If you’re planning to bring your favorite canine to the beach with you, make sure the rental property you select allows dogs.

Network Real Estate offers a number of pet-friendly locations so your pup can enjoy a beach vacation too!

Keep in mind that while your rental property may permit you to bring your furry four-legged friend, they are not always allowed on the beach. Both Carolina Beach and Kure Beach have specific rules for dogs.

Carolina Beach’s rules for dogs on the beach

Kure Beach’s rules for dogs on the beach

Rentals with Pool

You’re going to spend time on the beach while you’re on vacation, but sometimes, you want to enjoy the water with a little bit of privacy.

Having your pool at your disposal is the perfect way to do just that! Pools also offer the perfect spot for a relaxing swim for those who might find swimming in the ocean to be challenging.

But keep in mind that pools pose the risk of drowning so constant supervision of children is required.

You can find Network Real Estate’s vacation rentals with pools here.

Read Those Reviews

You don’t want that dream vacation to turn into a nightmare. Be sure to read reviews for the properties you’re considering.

Keep in mind that working with an experienced management company can help make sure your rental experience goes smoothly.

Parking

Parking in our local beach towns can be limited at times.

Be sure that your rental property has enough parking spaces for your group's vehicles.

FAQs

Are linens and towels provided? What time can I check in? What’s the cost if I need to cancel my reservations?

Answers to these and many other questions can be found here.

Book Your Dream Vacation

Want to experience all the fun that the Cape Fear region has to offer? Use Network Real Estate to book the vacation home of your dreams! We offer vacation rentals in a range of sizes and at every price point.

Book your vacation today

Posted in Vacation Rentals
June 3, 2024

Things to do During Your New Hanover County Vacation

City of Wilmington Network Realty

If you’ve booked that perfect vacation home rental, more than likely you’re planning to hit one of New Hanover County’s pristine beaches.

But there’s also no end to the things you can do when you’re not working on that tan, making a sand castle or taking a dip in the Atlantic.

Here’s a look at just a few of the things you and your family can do when you’re ready for a break from the beach

Wilmington

The Port City offers a full array of entertainment options for you and your family!

● As you head into Wilmington, it’s hard to miss the Battleship North Carolina, a WWII-era battleship that you can tour.

● Wilmington's historic downtown is a major destination for visitors with its numerous shops and restaurants along with its Riverwalk, along the Cape Fear River.

● The Children's Museum of Wilmington is located downtown and features several interactive and educational exhibits.

● For those looking for something a little different, downtown Wilmington is home to the Museum of the Bizarre and its collection of oddities. The Ghost Walk of Old Wilmington offers tours detailing the city's haunted history.

● Jungle Rapids Family Fun Park always is a hit with kids of all ages. Along with its water park, Jungle Rapids features go-kart racing, laser tag, mini golf and an arcade.

● The New Hanover County Arboretum and Airlie Gardens are beautiful public gardens that are the perfect place for a quiet stroll.

● The Cameron Art Museum is a modern art museum which features many exhibits and events.

Carolina Beach

● Carolina Beach State Park offers hiking trails through coastal forests, leading to overlooks of the Cape Fear River.

● Charter a boat at the marina and try your hand at some deep sea fishing.

● The oceanfront boardwalk features amusement rides, shops, restaurants and tiki bars.

Fort Fisher

● Fort Fisher State Historic Site, home of a Civil War era fort, is open to visitors.

● The whole family will enjoy the North Carolina Aquarium at Fort Fisher. The aquarium features a wide variety of sea life, including sharks, sea turtles and stingrays. Also, be sure to check out their family of otters. 

Brunswick County

A short drive south to Brunswick County offers additional ways to enjoy the outdoors.

● Explore the natural beauty of the area by kayaking through salt marshes, waterways, creeks, and inlets.

● Go hiking or birdwatching at nature preserves like the Boiling Spring Lakes Preserve, Ev-Henwood Nature Preserve, and Green Swamp Preserve.

● Take a ferry ride to Bald Head Island and explore the Bald Head Island Conservancy.

● Explore museums like the Museum of North Carolina in Ocean Isle Beach, Sunset Beach Swing Bridge & Museum, and Old Brunswick County Jail Museum.

● Climb to the top of the Oak Island Lighthouse or the historic Old Baldy Lighthouse on Bald Head Island. 

Myrtle Beach

A drive of about 90 minutes south will bring you to Myrtle Beach, and its abundance of attractions.

● Head to Broadway at the Beach, a 350-acre entertainment complex with attractions and restaurants like Ripley's Aquarium, WonderWorks and Dave & Buster’s.

● The kids will want to check out Myrtle Waves Water Park, one of the largest water parks in our part of the country.

● Ripley's Aquarium of Myrtle Beach features a 330-foot underwater tunnel filled with sharks and other marine life. The aquarium features thousands of aquatic animals along with hands-on experiences and unique animal encounters.

● Myrtle Beach is the perfect place for golf lovers with more than 80 golf courses in the area.

● Alligator Adventure is one of the largest facilities for reptile life in the world and features live shows.

● Theaters like the Carolina Opry and Alabama Theatre have live entertainment for the entire family.

● Brookgreen Gardens features a zoo, sculpture garden, and a botanical garden.

● Dinner shows like Pirates Voyage and Medieval Times always are a hit with families. 

Want to experience all the fun that the Cape Fear region has to offer? Use Network Real Estate to book the vacation home of your dreams! We offer vacation rentals in a range of sizes and at every price point.

Book your vacation today!

READ MORE: 

8 Proven Ways to Make Your Carolina Beach Vacation Rental Stand Out

Best Activities for Renters in Wrightsville Beach

Beginner’s Guide To Renting Out a Vacation Home

Posted in Vacation Rentals
May 17, 2024

The Hidden Costs of Homeownership

The agents at Network Realty can help you find the right house for your budget.

The hidden costs of home ownership can add up quickly and can catch new homeowners off guard.

While most prospective homeowners carefully consider future mortgage payments, many don’t consider the ongoing expenses that come along with home ownership!

Here are some expenses to think about when you’re getting ready to purchase your first home

Property taxes

While North Carolina’s property tax rates are relatively low when compared to other states, it’s an additional expense to consider. The average effective property tax rate in the Tar Heel State is 0.70%, while the national average sits at 0.99%.

Smartasset has this nifty N.C. property tax rate calculator to help you get an idea of how much you’ll have to pay.

Home Insurance

Banks and mortgage companies are going to require you to have home insurance before issuing you a loan, and the premiums likely will be included in your mortgage payment. Often, property tax and homeowners insurance are paid from your escrow account.

HOA

If you move into a neighborhood with a homeowner’s association, you’ll be responsible for paying the HOA fees. These fees are usually charged monthly, quarterly or annually.

The cost of these fees is usually dependent on what services are taken care of by the HOA. Be sure to ask about possible HOA fees as well as any neighborhood regulations and guidelines when home shopping.

Routine maintenance

Now that you’re in your beautiful new home, you’ll want to keep it looking that way. Homes require routine upkeep inside and out. These costs can include things like HVAC maintenance, power-washing your home, pest control or even painting your home.

As a good rule of thumb, plan to set aside between 1% to 3% of your home’s purchase price each year to help pay for this maintenance. Also, consider creating an emergency fund for unexpected repairs. 

Utilities

One thing new homeowners need to keep in mind is the possible increase in your monthly utility bills. While some utilities like water, trash or cable may have been included in your rent, you will be on your own to handle these expenses in your new home.

According to the Labor Statistics' Consumer Expenditure Survey, homeowners paid an average of $5,362 on utilities annually in 2022, 77% more than renters ($3,034).

Yard Care

You know that beautiful yard you fell in love with when you first toured your new home? Now you have to take care of it! If you’re used to apartment or condo living, lawn care and landscaping could be foreign to you.

If you are going to tackle these outdoor responsibilities yourself, you’ll need to figure in the cost for the equipment. Or you’ll need to budget to hire someone to do it for you.

 

By anticipating and budgeting for the full costs of homeownership, new homeowners can avoid unpleasant financial surprises and ensure they can comfortably afford their home.

Network Real Estate | Wilmington, NC Real Estate

Need help finding a home in the Wilmington, NC area under your budget? The agents here at Network Real Estate have years of experience under their belts and can help you find some fantastic home options within your price range. Call us at 910-395-4100 today to start working with one of our dedicated agents.

READ MORE:

Budgeting For Your Move: How Much You Should Save

The Perks of Investing in Southeast NC Real Estate

● The Pros & Cons of Gated Communities 

 

 

Posted in Buying a Home
March 27, 2024

HOA Managers vs. Property Managers: What’s the Difference?

An HOA Manager meeting with clients

 

Homeowners association managers and property managers seem similar on the surface, and the uninitiated may not be able to differentiate their roles. However, the two have very distinct functions and responsibilities.

This guide delves into the most significant differences between HOA and property managers.

 

HOA Managers vs Property Managers

Homeowners association managers, as the name implies, handle the everyday activities of an HOA, which is a private community that oversees specific developments and neighborhoods.

In contrast, property managers are individuals tasked to supervise the daily operations of residential or commercial real estate.

Both are tasked with managing properties but in very different contexts. Read on for their specific tasks and responsibilities.

 

Responsibilities of HOA Managers

All HOAs have codified sets of rules and regulations to be enforced within their communities. They also elect officers, including a president, vice president, secretary, and treasurer, to maintain order.

However, HOA officers aren’t compensated for their duties. Some of them may get an honorarium, depending on their HOA bylaws. Still, it’s not a full-time job, and the tasks may become overwhelming.

HOA officers can hire an HOA manager to ensure the system runs smoothly. HOA managers are responsible for the following:

 

Enforce Rules and Regulations

Homeowners associations have strict bylaws that enumerate the rules and regulations for those living within the community. The HOA manager will make sure all of these are followed and impose sanctions for those who don’t.

One common example is that homeowners must ensure their yard is well-manicured and meets all outlined regulations. If not, the HOA manager will send a letter asking the homeowner to make the needed changes or pay a fine.

 

Manage Finances

HOAs collect homeowners' fees to effectively maintain and improve the neighborhood. The HOA manager will track these payments, properly account for all expenses, and record all transactions involving HOA funds.

HOA managers also prepare the annual budget and regularly report to the board regarding the financial health of the association.

 

Take Care of Maintenance and Repair Requests

One of the advantages of having an HOA in a community is that homeowners have a direct line for maintenance and repairs. The HOA manager must have an organized list of suppliers and services to immediately deploy when a homeowner calls for maintenance or repair work.

 

Handle Complaints and Disputes

HOA managers also receive complaints and disputes within the community. While they don’t have the power to make the decisions to resolve these issues, they can set a dialogue or schedule a hearing with the HOA board.

 

 

Schedule Meetings

HOA board members need to meet regularly, and it is the manager’s responsibility to set a schedule and agenda and disseminate these details.

Some HOA meetings include the whole community or at least a significant percentage of them. This is when resolutions or amendments to HOA bylaws are discussed and voted on, and they can only be considered legitimate if a quorum is achieved. For these types of gatherings, the HOA manager must ensure everybody is informed well in advance that their attendance is paramount.

 

 

Responsibilities of a Property Manager

Real estate investors and owners with tenants often task third parties to take care of everyday operations for their residential, commercial, or even industrial properties. For this, they hire an experienced property manager.

What are their specific tasks?

 

Collect and Deposit Rent

Investors purchase properties and rent them out to earn money. Understandably, collecting and depositing rent from tenants is a property manager’s most important responsibility.

For buildings with multiple tenants, the property manager must have an organized list of the amount due and the payment schedule of each one. They must present monthly rent payment reports to the property owner and discuss rent issues or disputes.

 

Handle Maintenance Requests

Property managers also receive requests for maintenance and repair. They must have service personnel or a company on call to ensure these services are rendered immediately to the tenants who need them.

 

Follow Landlord-Tenant Laws and Regulations

Property owners may find it difficult to keep track of the ever-changing provisions of local landlord-tenant laws and regulations. The property manager will ensure continued compliance even as these rules change and that all tenants are accommodated based on their existing rights.

 

Show Vacant Properties

Aside from managing the needs of existing tenants, property managers are also tasked with showing potential renters vacant properties they may be interested in. The manager showcases these spaces on the owner’s behalf and plays a significant role in completing a sale or taking on a new tenant.

 

Conclusion

Do you need a HOA manager or a property manager? Now that the responsibilities are clear, you can easily determine which one you need to manage your community or property.

For HOA management in North Carolina, Network Real Estate is the perfect partner specializing in personal service not just to the HOA Board of Directors but to the residents of your community. Contact us today for all of your HOA management needs!
Posted in HOA Management
Feb. 28, 2024

The Perks of Investing in Southeast NC Real Estate

Aerial photo of Wrightsville Beach, North Carolina

 

Forget Wall Street – the real gold rush is happening on the shores of Southeast North Carolina. From vibrant historic towns to secluded beachfront havens, coastal NC offers a treasure trove of investment opportunities nestled amidst breathtaking beauty. Intrigued? Dive in and discover why savvy investors are flocking to this sun-kissed haven.

Why Invest in Southeast NC Real Estate

Between New Hanover, Brunswick, and Pender County, there’s a lot to love about southeast North Carolina.

You’ll no-doubt turn a profit. 

Sure, it's a seller's market, but homes here are still a steal compared to other coasts. Plus, rents are skyrocketing thanks to year-round vacationers and college crowds. So, you’ll quickly recover your initial investment and start earning the big bucks. 

We have some of the least crowded coasts in the U.S.

Possibly the coolest thing about the North Carolina coast is its beautiful barrier islands. These small islands between mainland NC and the great Atlantic literally CANNOT become overcrowded…at least not safely. Some islands in Brunswick County don’t even allow cars! As a result, we boast some of the most peaceful, natural beaches you can find on the east coast – particularly in Brunswick and Pender County. And locals intend to keep it that way! 

You’ll love the area’s historic charm.

In New Hanover County – Wilmington to be exact – history buffs will adore historic downtown Wilmington. Visitors enjoy strolling along the 230+ blocks of Victorian and colonial era homes and perusing the wide array of local shops, restaurants, cafés, shops, markets, and art galleries along the Cape Fear River. Many vacationers also find their way out to Southport (in Brunswick County). The sweet little harbor town features more Victorian homes and a delightful downtown district with antique shops, boutiques, and more! Then, you’ll only find more 18th and 19th century homes to the north in Pender County.

Adventure awaits in southeast NC.

We have the beach. We have the Cape Fear River. We have the Intracoastal Waterway. With all of these natural features, southeast NC is the ideal destination for outdoor adventures. Visitors and residents alike enjoy kayaking, boating, fishing, surfing, paddle boarding, parasailing, hiking, biking, and even just walking along the beach or on one of the area’s many nature trails. And it helps, of course, that the temperatures are mild and comfortable all year round, only just barely touching the high 30s and 40s each winter.

Welcome to foodie paradise.

From craft breweries and local dives to fancy restaurants and sweet shops, our coastal towns tantalize every taste bud. Plus, farmers markets, festivals, and live music keep the calendar packed with good times.

We have an airport.

Travel to and from southeast NC couldn’t be easier, with Wilmington International Airport (ILM) positioned exactly halfway between New York and Miami. Offering 17 nonstop flights to other airports across the country, vacationers can fly directly to ILM from as far east as Dallas, TX and as far north as Minneapolis, MN. 

The economy is thriving…and it’s not stopping anytime soon!

Demand for southeast NC real estate is competitive in part because our economy is doing so well. In fact, Brunswick County is currently ranked the fastest-growing county in the entire state (and the 7th fastest-growing in the U.S.). In 2022, Pender County saw the most business growth of any North Carolina county. And New Hanover County boasts a population over 120,000 and has a 2021-2022 GDP growth of $7,543 million. Yet, despite all this economic growth, we still maintain a small town vibe, making our coasts the perfect destination for a relaxing vacation. 

 

Network Real Estate | Southeast NC Real Estate

Exploring your real estate options in southeast North Carolina? Our experienced agents can help you find a home that’ll make your investment dream a sandy reality.

 

Call us at 910-395-4100 to start your search today.

 

READ MORE: 

Posted in Investors
Jan. 19, 2024

What Can an HOA Manager Do For You?

HOA Manager

 

Feeling buried under mounds of HOA paperwork? Drowning in a sea of landscaping issues and resident squabbles? Let's face it, managing a Homeowners Association as a volunteer can be overwhelming, to say the least! Keeping your community in tip-top shape while juggling endless volunteer hours can feel like juggling chainsaws on a tightrope.

 

But hey, what if you didn't have to do it alone?

 

This is where an HOA Manager comes in! Your personal champion of curb appeal and community engagement, an HOA Manager can take the weight off your shoulders and inject your HOA with a potent dose of organization, financial savvy, and conflict-resolution magic.

 

Ready to trade chaos for calm? Read on to discover how an HOA management company can transform your community from a juggling act to a well-oiled machine!

 

Benefits of Hiring An HOA Manager

 

1. Third-Party Financial Management

An HOA Manager takes the sting out of collecting overdue fees or announcing payment increases. 

 

Those awkward silences with your neighbor? Poof – gone! Replaced by a neutral third party who can handle those conversations without anyone turning pink or getting angry. Members can relax knowing the entity taking and managing their money has zero conflict of interest. 

 

However, an HOA Manager’s financial capabilities extend beyond collection duty. When it comes time to create a new budget, they’ll swoop in to save the day with their extensive budgeting experience.

 

2. Common Area Maintenance

Everyone in your neighborhood might agree that maintaining the visual appeal of amenities and common spaces is important. But actually accomplishing this is a whole other story. 

 

Deciding precisely how (and when) to tackle certain issues, locating quality vendors and contractors, and scheduling repairs and remodels – it all takes time that, let’s be honest, volunteers just don’t have.

 

Well, this is the kind of thing an HOA Manager can do in their sleep! We’re talking landscaping, pool maintenance, or even cleaning up downed branches after a big storm. An experienced HOA Manager will have vendor connections with contractors for just about anything. Plus, they can negotiate contracts with vendors so you know you’re getting the very best deal.

 

3. Local Vendor Connections

Not only will an HOA Manager handle the hiring and communication with service vendors, but they’ll likely come equipped with a list of reputable vendor partners.

 

No need to waste time and money on vendors who may just end up disappointing!

 

Your HOA Manager may even be able to score you a discounted price as a result of their strong working relationship with a vendor.

 

4. Support for the HOA Board

Although an HOA Manager can’t (and shouldn’t) make community decisions FOR you, they can act as a moderator during board meetings and help members come to a peaceable agreement. Once consensus has been reached, they’ll implement new decisions and inform everyone in the neighborhood. And prior to the board meeting, they’ll do the footwork to collect all the necessary documents and resident input.

 

5. Rule Enforcement

Board regulations aren’t any good if they’re never actually upheld. Serving as your eyes and ears within the community, your HOA Manager can ensure all policies are clearly defined, well-understood, and consistently obeyed across the neighborhood. 

 

Even better…when someone breaks the rules? No need for you to be the bad cop. This is one party your HOA Manager loves to crash (fairly and professionally, of course).

 

6. Community Development

Emergencies don't wait for office hours. But it’s unreasonable to expect volunteers to be waiting by the phone at all times, ready to tackle a neighborhood emergency at a moment’s notice. 

 

But that’s not the case with an HOA management company. 

 

Your HOA Manager is your always-on-call point of contact, ready to handle urgent maintenance issues, distribute info, and keep everyone in the loop.

 

Additionally, an HOA Manager will take on the responsibility of dispersing information about upcoming events, fee changes, or other notices – Via email, newsletter, door-to-door flyers, or community forums. Ultimately, they can help you guarantee everyone in the neighborhood is engaged and feels heard, creating a stronger sense of belonging within the community.

 

7. Record Keeping

Clean, accurate HOA records are critical for several reasons. Associations must prioritize recording keeping so they can:

 

  • Easily produce records when required
  • Make better, more informed decisions on behalf of the community
  • Justify spending
  • Monitor and analyze progress
  • And evaluate the financial status of the association over time

 

Your HOA Manager can help keep track of all the essential details: income, expenses, insurance payments, utility payments, property values, resales, you name it! And they’ll hold on to these records so you always know where the info’s being kept – which isn’t necessarily the case when records are passed between volunteers.

 

8. Legal Counsel

Neighborhoods with Homeowners Associations must ensure they’re abiding by all applicable state and federal laws. But more often than not, volunteers either don’t have adequate legal knowledge or lack the time necessary to become an HOA law expert. But this is familiar territory for an HOA Manager. They already know everything there is to know about lawfully running an HOA in North Carolina!

 

Network Real Estate | We Offer HOA Management Services!

At Network Real Estate, our services extend far beyond that of a mere real estate agency. For decades, our team has provided reliable HOA management services for neighborhoods all over southeast NC – from Wilmington to Hampstead to Leland and everywhere in between. 

 

Looking for an HOA Manager you can count on? Call us at 910-395-4100 to learn more today!

 

READ MORE: 

Posted in HOA Management
Dec. 21, 2023

Leland, NC Real Estate Market Trends: A Year in Review

Real Estate Market Trends

 

With more than 1,300 homes sold in the last year, the Leland, NC real estate market remained competitive throughout 2023. Now, as we launch into 2024, we’re seeing some significant trends buyers and sellers should pay close attention to. Let’s dive in!

Still a Seller’s Market

The current median sale price of Leland, North Carolina homes falls somewhere between the high 300s and low 400s – only slightly below where we started back in January 2023. The average buyer is now paying upwards of $210 per square foot (and even more for highly coveted 4-bedroom homes).

 

With demand still exceeding supply (particularly for 2 to 4-bedroom homes), the market is still technically a seller’s market. 

 

However, the market is on the brink of turning neutral – favoring neither sellers nor buyers. We’ve seen a nearly 40% drop in total Leland home sales since January. If you’re planning to sell your home in Leland, consider taking action sooner than later, as this seller’s market won’t last much longer.

Steady Market Availability

Supply had a rocky start in 2023 but eventually steadied. From a modest 86 listings in January to a whopping 300+ in March, the market found its rhythm, remaining somewhat consistent throughout the year.

Increased “Days-on-Market”

After the frenzy of previous years, Leland homes now linger for about 50+ days. This change of pace signals a more balanced market on the horizon.

Leland Population Growth

Among the fastest growing towns in North Carolina, Leland’s population has increased over 28% since the last census in 2020. Expanding at a rate of 8.58%, the town’s 2023 population sits at around 39,623.

Who’s Moving to Leland?

Most new Lelanders come from up northeast, primarily from Maryland, New York, Pennsylvania, and Massachusetts. The town has also received an influx of new residents from Los Angeles. And, of course, we saw a good number in-state movers coming from Charlotte, Raleigh, and Greensboro. 

 

According to the latest ACS (American Community Survey) through the Census Bureau, the demographic breakdown of Leland residents is as follows: 

  • White: 83.22%
  • Black or African American: 10.04%
  • Two or more races: 4.71%
  • Other race: 1.04%
  • Asian: 0.65%
  • Native American: 0.33%

Furthermore, seniors make up a solid third of the adult population, solidifying Leland's reputation as a retirement haven.

Network Real Estate | Leland, NC Real Estate

Looking to buy or sell in Leland, North Carolina? Our experienced agents will help you navigate the ever-changing real estate scene and ultimately make decisions that are in your financial best interest.

 

Call us at 910-395-4100 to connect with an agent today.

 

And hey, want more insights?

 

Read more:

Posted in Investors
Nov. 14, 2023

Culture Comparison: New Hanover, Brunswick, & Pender County

Culture Comparison: New Hanover, Brunswick, & Pender County

 

If you’re looking to move to southeast North Carolina, you’ve probably come across three main counties: New Hanover County, Brunswick County, and Pender County.

 

While each region features both beach and river communities with thriving tourist economies, there are significant differences in lifestyle and culture. Read on to learn which county best fits your personality and style.

 

New Hanover County Culture 

Charming historic downtown

New Hanover County isn’t only known for its big beachy vibes. Wilmington, NC is also home to a delightful historic downtown district along the Cape Fear River. With over 230 blocks of classic architecture, the National Register Historic District is one of the most memorable across the South. Streets lined with Victorian and colonial era homes blend seamlessly into a 2-mile stretch of shops, restaurants, cafés, shops, markets, and art galleries – all against a beautiful river backdrop.

Events & activities for everyone

The area attracts a wide range of people – from surfers and beach bums to foodies and beer enthusiasts. Wrightsville Beach boasts some of the best surfing spots along the east coast. With its nationally recognized oceanfront boardwalk, Carolina Beach is a super family-friendly living and vacation destination. The area is sprinkled with a full menu of craft breweries and restaurants of all kinds. And there is ALWAYS something on the calendar, whether you want to stroll a farmer’s market or festival, listen to live music, or participate in one of the area’s many seasonal events.

Thriving economy

With a population over 120,000 and a 2021-2022 GDP growth of $7,543 million, New Hanover County is among North Carolina’s most flourishing counties. And this is no surprise, considering the number of new businesses that pop up in the area each month. Yet, the county also has the 9th lowest property tax rate of any county in the state. This – along with the area’s affordable housing options – makes New Hanover County an attractive place to call home.

Education opportunities

New Hanover County is a happening place, but residents aren’t only here to have fun. Between the University of North Carolina – Wilmington and Cape Fear Community College, locals and out-of-staters have plenty of quality higher education opportunities. Plus, New Hanover County Schools is also ranked the 18th best school district in all of North Carolina.

 

Brunswick County Culture

Private, serene beaches

If you’ve never visited a barrier island, you’re in for a treat here along the southernmost coast of North Carolina. Brunswick County beaches are unique in that they are often two-sided – with the Atlantic Ocean on one side and the Intracoastal Waterway on the other. The Brunswick County island life is a bit more peaceful than the beach experience you get up in New Hanover County. In some Brunswick County towns, you aren’t even allowed to drive a car!

Retirement potential

The privacy of island living is one of the key reasons Brunswick County is one of the state’s most desirable retirement destinations. In fact, 34% of the population is 65 years or older. Brunswick County is an outdoor enthusiast’s paradise, offering activities ranging from fishing and kayaking to golfing and nature walks. And although the area gets its fair share of visitors, the tourism scene feels relatively calm. 

Impressive population growth

Brunswick County has been breaking state records – currently ranked as the fastest-growing county across North Carolina (and the seventh fastest-growing in the US). Between 2021 and 2022, the population rose by a whopping 5.7% – now sitting above 153,000. Why the intense growth, you ask? Between the area’s breathtaking beaches and its recent economic development, more and more people are discovering the treasure that is Brunswick County every day.

Increasing economic opportunities

The economic development of Brunswick County isn’t going to stop anytime soon. Many people and organizations are taking advantage of the valuable opportunity to invest in the area’s growth. Several large companies – like Epsilon Advanced Materials and Industrial Reliability and Repair, LLC – will bring hundreds of new, well-paying manufacturing jobs to the area in the near future.

 

Pender County Culture

Natural beauty

Like Brunswick County, the coastland in Pender County is secluded, serene, and ideally suited for avid outdoorsmen and women. It’s beaches, rivers, woodlands, trails, and parks – along with the area’s mild year-long temperatures – give nature-lovers tons of excuses to get outside for leisure, sport, and play. 

Rapid business growth.

According to SmartAsset, Pender County saw the greatest business growth (9.4%) of any North Carolina county in 2022. And the county’s economic development is only going to continue rising as local organizations continue to offer valuable local incentives and resources for businesses that want to grow in the area.

Agricultural hub

Unlike the other two counties, Pender County also boasts a major agriculture scene. The primary crop? Blueberries! The region’s flat land and moist, well-drained soil make it ideal for cultivating the tasty berries. You’ll also catch Pender County farmers growing sweet potatoes, strawberries, tobacco, soybeans, peanuts, corn, and grapes. 

Quieter Lifestyle

Not only is Pender County peaceful and serene, but locals intend to keep it that way. So, while there is PLENTY to do around the county each week, high-rise buildings are not allowed and the county works hard to preserve its natural ecosystem. This makes the county particularly attractive to retirees and families who are looking for something a little more low-key.

 

Network Real Estate | Southeast NC Real Estate

Exploring your real estate options in southeast North Carolina? Our experienced agents can help you find a home that fits your unique lifestyle.

 

Call us at 910-395-4100 to start your search today.

 

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Posted in Buying a Home
Oct. 6, 2023

The Pros & Cons of Gated Communities

The entrance to a gated community

 

Southeastern NC has some seriously beautiful gated communities. With luxurious homes, golf courses, and waterfront views, the secluded communities sprinkled across the Wilmington area are ANYTHING but ordinary.

 

But are gated communities really worth the cost? 

 

What makes them so special, anyway?

 

In this blog, we discuss the ins and outs of the Wilmington area’s gated communities and highlight a few of our favorites. 

 

Pros of Gated Communities

Several factors make private gated communities an attractive option for Wilmington homebuyers.

1. Greater Privacy

If you’re looking for a neighborhood that’s quiet and serene, a gated community is a safe bet. With guard booths or cameras enforcing restricted entry, you can rest easy knowing you won’t have to deal with unwanted solicitors or high volumes of neighborhood traffic.

2. Heightened Security

Protected by a wall or fence, gated communities elevate safety and security significantly. Though crime still occurs, the controlled access limits who can get in and stir up trouble. This aspect makes these neighborhoods excellent options for families and retirees.

3. Private Amenities

Private access to the neighborhood swimming pool and gym? Count me in! Gated communities like Landfall and Willow Glen are ideal for golfers, boasting their very own golf courses. Some Wilmington area waterfront communities even assign residents personal boat docks, making it easy to get up and go for a nice fishing trip or cruise along the Intracoastal Waterway. 

4. Enhanced Social Life

When you choose a privatized community, it’s frankly easier to make friends. Oftentimes, gated neighborhoods have community centers that host group events and activities to bring residents together. Furthermore, if a neighborly dispute arises, your Homeowner’s Association (HOA) can help resolve the conflict much quicker and easier than non-HOA neighborhoods can. 

5. Impressive Property Value

Luxurious, exclusive, and in high demand, homes in Wilmington’s gated communities have remarkable value…and that’s not changing anytime soon. HOA regulations ensure all common areas (as well as your neighbor’s yard) remain in tip-top shape all year round.

 

Cons of Gated Communities

Even with all the perks, gated communities aren’t for everyone. There are also a handful of drawbacks.

1. Higher Costs

Higher property value means a higher mortgage. On top of that, the HOA fees can fall anywhere between $100 and $1,000 per month. If you’re on the hunt for a good deal in today’s seller’s market, this may be a bit too expensive. But if budget isn’t a big concern for you, this may not matter all that much. 

2. HOA Regulations & Fees

While your HOA keeps up neighborhood appearances, they don’t do it for free. Not only do associations charge residents a monthly fee, but they limit what you can and can’t do to your property. Want to expand your house or run a home-based business? You may run into some trouble with your HOA. Associations can even dictate how tall you keep your grass, the color you paint your house, and whether or not you can park an RV in your driveway.. =

3. Accessibility Challenges

If you live in a gated community, you’d better have some good patience. With only one or two entrances and exits, you may have to wait in line to get in and out of the complex. Guests may find the guarded entrance a bit inconvenient or intimidating. Feel like ordering in one night? The pizza you ordered might be cold by the time the delivery guy gets past the guard station. Hiring a contractor to work on your house? That’ll be tricky, too!

4. Further From Commercial Hotspots

Gated communities tend to be considerably further away from restaurants and stores than more centrally located neighborhoods. A “quick” bite to eat or trip to the grocery store won’t be all that quick. For some, this is actually a perk. Greater distance from the busy parts of town means less noise and less traffic.

5. Decreased Diversity

Is diversity an important factor in your home search? You’re unlikely to find it in a gated community. Generally attracting people with a similar socioeconomic status, private communities don’t develop quite the same cultural diversity you might find in other Wilmington neighborhoods.

 

Wilmington, NC Gated Communities

Some of our agents’ favorite local gated communities include… 

  • RiverLights – Wilmington’s newest community along the Cape Fear River, RiverLights will include a large collection of townhomes, condos, and single-family homes.
  • Willow Glen (Beau Rivage) – Stunning AND affordable, this community is located amid the beloved Beau Rivage golf course and offers fantastic amenities.
  • Landfall – One of the area’s most high-end neighborhoods, Landfall boasts breathtaking homes, a 45-hole golf course, close proximity to Wrightsville Beach, and more!

 

Network Real Estate | Wilmington, NC REALTORS

Looking for a nice gated community around Wilmington, NC? Our agents can help you find the perfect little private community

 

Call us at 910-395-4100 to start your search today.

 

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Posted in Buying a Home