Whether you’re moving in to Wilmington to further your career or you’re thinking about retiring to the coast, buying a home in this area is an excellent investment in a welcoming community. In today’s blog post we’ll share three reasons why buying a home in Wilmington one of the best real estate decisions you’ll ever make.
You’re Buying in a Friendly, Livable Community
If you’re moving yourself or your family to Wilmington, know that you’re buying in to a city that is well-recognized as an excellent place to live. Wilmington has been noted as one of the “Best Places for Business and Careers” by Forbes, a “Coastal Dream Town” by Coastal Living and was ranked in the “Top 100 Places to Live in 2010” by Relocate America. Bloomberg BusinessWeek even ranked us as the 7th “Most Fun, Affordable City” in the country!
You won’t find very many cities with a relaxing atmosphere, coastal vibe and exquisite beaches. Wilmington pairs all of that together with real estate opportunities in every price range.
Over Time, Your Investment in Your Home Will Grow
If you’re buying a home as an investment or you plan on selling at some point in the future, you’ll be pleased to know that Wilmington has provided a reasonable rate of return over the past decade or so. The area managed to weather the 2008 financial crisis quite well, with median home prices having now risen past their 2008 figures. As of this writing the median sales price of a home here in Wilmington is about $191,000, a figure that is just over the $188,000 figure from five years ago. While it’s impossible to predict what the future holds, trends over the past decade indicate that Wilmington is a healthy, sustainable real estate market that should provide for a decent return.
Are You Buying a Second Home? Count on an Additional Income Stream
As you likely know if you’ve already visited here, Wilmington is very popular with tourists – especially in the summer. If you’re in the market for a second home, you’ll almost certainly be able to create an additional income stream by renting out the home to tourists and short-term visitors while you’re not using it yourself. Spend a few minutes on websites like VRBO and HomeAway to see what others are offering in Wilmington – after all, if you do decide to buy and rent a vacation home here, they’ll be your competition!
Ready to Learn More? Contact Us Today
Are you ready to learn more about real estate opportunities in the Wilmington area? The local real estate professionals here at the Keith Beatty Team are excited to welcome you to Wilmington and to help you find that perfect new home. Contact us today at (910) 509-1924 or by email and we’ll schedule a consultation where you can share your needs and what you’re looking for in your dream home. Thanks for visiting our website and we look forward to working with you!