Purchasers of 2nd homes and rental properties don’t always factor the financial benefits into their purchase when weighing their buying decision. Mortgage interest and taxes are standard deductions available to any second home owner, but what about the other deductions that may be available? Before you proceed, the first question, is your second home or villa on Hilton Head classified as residential or rental?
There are two types of rental property available on Hilton Head Island. This short video will help you in your research of the properties on Hilton Head Island. Buy now and rent for later seems to be a growing trend because of the low interest rates. We have compared the different costs associated with the ownership of short and long term rental properties below. We look forward to helping you with your research on Hilton Head Island. Listed below are the areas of the Island that offer short and long term rental opportunities. Read the rest of this entry
Behind the gates of Wexford is a wonderful community defined by size and brought together by a great club. This beautiful community offers acres of waterfront with its unique lock system and its natural beauty is enhanced by fabulous architecture. On our visit we met with Susan Fishel, General Manager and Sarah Smith, Member Services. The short video above touches on the great community, the neighbors, the club and its membership. See below the top 10 Reasons to consider Wexford for your home or second home. Read the rest of this entry
“Why do I need a CL100 when I buy or sell a home or villa on Hilton Head?” I’m not sure where the name comes from, but a smarter title, which appears on the report itself, “OFFICIAL SOUTH CAROLINA WOOD INFESTATION REPORT”, makes alot more sense. During a sale of structural property in South Carolina involving a lending institution, the CL-100 will usually be a mandatory report at closing. In most conventional cases, the seller is responsible for the CL-100. A thorough, professional inspection is part of every CL100. The report will point out any water-damage issues, however small they may be. It’s important to know that the CL-100 will only report water and fungal damage that is “below the first main floor”.
Hilton Head Properties welcomes Tad Segars as Partner. Prior to entering his real estate career over 26 years, Tad co-owned the beach service on Hilton Head Island. Working the beach everyday, Tad knows these beaches better than anyone. This short video is why the Hilton Head Beaches are the best in the world!
Safe Surf on Hilton Head
Hilton Head’s Beaches offer two body guards that are sandbars on each end of the Island. Joiner Banks on the north and Gaskin Banks on the south catch the really bad stuff before it hits the shores. These two sandbars come together about a mile offshore and help make our waters both swimmer and child friendly. No matter the age from toddler to elderly, sitting in the Hilton Head surf brings smiles.
A1A on Hilton Head
Hilton Head’s beach offers 11 miles of walk and bike-ability. The sugar sand of Hilton Head is just hard enough to be excellent for walking, biking or jogging. In fact, Hilton Head beachgoers do not have to travel by car to get to a different beach, they can barefoot it from one beach to the next. Of course, plan carefully to walk through the Folly at low tide otherwise you may have to swim!
Hilton Head’s Beach is Tops
Google Top Beach and you are sure to see Hilton Head’s Beaches pop up in these searches time and time again. A quick search and we found Hilton Head has been named #1 Beach in 2010 by Fox News, #2 beach by 10Best.com and #6 by US News Travel. When it comes to swimming, walking, biking, sand, and room to spare, it is hard to find a more perfect beach in the World. Please contact Hilton Head Properties or Tad Segars, Hilton Head’s Beach Guru at (843)785-7111 or email info@hiltonheadproperties.com .
Whether you are just beginning your vacation property rental program or if you want to boost your rental income, we have photographers, cleaning companies, rental companies, free websites, fee websites and ways to get your Hilton Head Property into the short term rental market. You can make your rental home hassle free or you can run it like a business, either way this step by step guide will help you crank up the rentals on your Hilton Head vacation property. Read the rest of this entry
We have our own language when it comes to Hilton Head real estate. We say villas, regimes, harbours and complexes when others would call them condos, condo fees, marinas, PUD’s and projects. We use the word regime for condos in Hilton Head because when a condo is built in South Carolina, a Horizontal Property Regime is formed and recorded. This regime than manages the common property going forward. This blog is about regimes fees on Hilton Head Island. Read the rest of this entry
We love this time of year. The pace is slower, the properties are better and the negotiations more relaxed. If you are a seller, there are steps that we can take to close out your property by year end. If you are a buyer there are present opportunities that are available now that will be gone come the new year. Read the rest of this entry
If you drive through a security gate on Hilton Head Island, chances are there is an annual POA fee for this community. POA stands for Property Owners Association which is a group of owners that oversee the roads, the security, the common area maintenance, the insurance, the lighting and landscaping in these common areas. Some of these communities also include golf, tennis, marinas and other amenities. Listed below is a list of these communities and the costs associated with ownership and purchase. Read the rest of this entry
If you are thinking of buying property now or in the near future on Hilton Head Island, don’t take a chance on time. The real estate market is dishing up some fabulous properties that not only offer incredible pricing with impeccable condition and fabulous locations. That said, below is a true story about waiting to buy.
In 1986, I met Ron a potential buyer for a second home near the beach at our furnished Huntington Model. Ron was my first real contact with an IBM engineer. Ron was a pipe smoking, Volvo driving analytical. Needless to say, for the next three years we spoke on the phone or met numerous times reviewing square footages, villas for sale, homes for sale and compared price per square foot as it related to location to the beach.
I should also mention that in those years, inventories were high and prices were still adjusting as the 1986 tax laws changed the deductions allowed on multiple properties. We were in a market pretty much the same as we are today. Finally after three years Ron settled on the place we first met, a three bedroom Huntington Villa. I believe he got a furniture package included, but paid pretty much the same price he would have paid in 1986. The one thing Ron did lose while we over analyzed the market was the time he could have had with his wife and grand children enjoying it.
A few years passed by and I saw Ron again and we laughed about our search together and the formulas we developed. I asked him how the villa was working out and did he have any regrets. He told me then that the only thing he regretted was not doing this three years earlier. To finish the story, a few years ago I had a call from Ron’s wife to tell me that he had passed away.
How much time are you willing to lose waiting for a sign, or the right time or the right price? You just cannot take a chance on time and when you are finally ready, I now have all the formulas thanks to Ron!
Purchasers of 2nd homes and rental properties don’t always factor the financial benefits into their purchase when weighing their buying decision. Mortgage interest and taxes are standard deductions available to any second home owner, but what about the other deductions that may be available? Before you proceed, the first question, is your second home or villa on Hilton Head classified as residential or rental?
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