Are you looking at owning and managing rental properties on Hilton Head with a long-term view?  You will rarely increase the value of your rental property investment over the short term. Increased wealth comes from growth in equity that typically occurs over time.  Ensuring long-term appreciation should be your first consideration when deciding which property to buy. Location, location, location may be an overused term, but it still holds true. You can change virtually everything about the property except its location. Be wary of buying a property in a high vacancy location or in areas that are declining economically or aesthetically.  Although you can improve many aspects of the property, you may want to stay away from houses that require comprehensive repairs. You can get these “fixer-uppers” for a discounted price, but the money you save often won’t cover the cash required to make the property presentable. Read the rest of this entry

Hilton Head Island Villa buyers just want to have fun.  Their motivation is 80% emotion and 20% logic when it comes to a buying on Hilton Head.  Of course, the logical reasons must support the emotion, but don’t waste their time with fixer uppers. These lock and leave owners live in faraway places and let “regime” managers handle the exterior maintenance, the landscaping, the pool, the common area improvements, the trash and the bill paying.  These Hilton Head buyers fall in love with the Spanish Moss and Moon Beams. Read the rest of this entry