5 Tips For Investing In A Second Home On Eastern Shore VA & Considering Doing Vacation Rentals To Help Defray Carry Costs


by: Marlene email
Aerial  view of southern tip of Eastern Shore VA showing Chesapeake Bay and Atlantic Ocean

Eastern Shore Virginia Beautiful Southern Tip

For those considering investing in a  leisure home,  the beautiful southern tip of the  Eastern Shore of Virginia offers buyers an amazing variety of lifestyle choices as well as some opportunities to offset mortgage payments with income from weekly vacation  rentals. And especially  with the great deals and the low interest rates currently available, now is a great time to consider the purchase of a leisure home with a lifestyle that can make you feel like it’s vacation time all year long !      For those seeking to discover their inner mermaid , consider a beach home offering soft sands and pristine swimming waters.  For boaters,  how about a beautiful waterfront home with a backyard boat dock ?  Virginia’s Eastern Shore offers mile upon mile of saltwater shoreline to cruise by power boat, sailboat or kayak.  For golfers, what better home course than the Arnold Palmer Signature course  and the  companion Jack Nicklaus Signature Course  at Bay Creek  ?  For those who love  small towns and  historic homes,  consider the fact that settlement of  the area which is now Northampton County VA  begin before the Mayflower ever hit Cape Cod Bay !   I’m guessing that nearly a thousand historic homes  still exist on the Shore, some of which are for sale.  Dreaming about a place in the country , on a spacious land parcel  ?  Got it in spades !  And since the main economic engine for Northampton County is still agriculture,  if  owning a farm with all the possibilities – from growing crops to raising alpacas or horses- that owning a farm offers, well, we have a few  farms for sale too.  Soooo……. how to get started ?

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Jarvis dock at sunsetGolf cart with flowers 2011

 

 

 

Tip # 1.  It’ s  really important to decide on  the lifestyle you want to pursue.   I know that this seems like it should be easy and possibly self-evident but it’s not.  In fact, in my experience working with our real estate customers, there is usually a  lot of soul searching that goes into that decision  since so many  folks have multiple interests and settling on the main one is not necessarily  simply.   Especially if the likes and dislikes  of multiple people need to be factored into the equation.  Nowhere is  that more evident than in the choice between a beach home or a boating home.  You might wonder why that is– usually it’s because one party prefers beach but the other loves boating  and wants a backyard dock, leaving the conumdrum of which person will have to  drive to get to  the  marina and/ or the beach.

Tip # 2. Decide on your  purchase price budget.   This is a bit easier than it seems because as realtors we can help you with this.   Once you decide on the monthly payment amount you don’t want to exceed,  we can work  forward to give you a general home  price range this monthly payment will handle.  Given today’s historic low  interest rates, I think you will be exceedingly pleased at the price range home that your  stipulated payment will control in the current market.

Tip #3. Start previewing homes on- line to get a feel for the homes available in your price range with the lifestyle amenity you selected in step # 1.  Blue Heron’s main website, www.blueheronva.com , is organized by lifestyle, we’ve tried to make it easy to locate the type of property you want without searching a hundred other things first. ( In fact, we have gotten a lot of complements on how user- friendly our website actually is.)  Each property  has an individual data sheet  that can be printed or bookmarked, making it easy to  keep track of  any particular property.  And don’t forget to order our free prime property catalogue, on-line from our home page or call 800-258-3437.

Tip#4. Make an appointment to come visit the Eastern Shore and see our beautiful properties for yourself.  The Shore is a relaxed, low-key area with wide open green spaces  and a comfortable rural feel, interspersed by small coastal towns and historic villages. And for icing on the cake,  Northampton County is  less than an hour’s drive from the Hampton Roads area ( Virginia Beach, Norfolk, Chesapeake), the 32nd largest metro area in the US.   We’re  not for everyone of course, plenty of day-to- day shopping but no huge malls, not much for bright lights and loud music .  But if Capt. John Smith’s  1609  comment about the Shore appeals to you: ” Heaven and Earth never agreed better to frame a place for man’s habitation”  then you might be a great candidate  for the  Shore.  Life on the Eastern Shore  is like having your cake and eating it too, a relaxed lifestyle here but access  major shopping, cultural and culinary amenities ( plus an international airport)  within 30 minutes to an hour,  depending on the neighborhood you select.  Many of the folks purchasing a leisure home on the  Shore are intending to live here full-time in the future, possibly for retirement or relocation,  so then having metro type amenities within easy driving distance becomes more inportant in the  overall equation.

Tip#5. Decide  if you want to defray some of your carry costs by doing weekly vacation rentals.  Blue Heron offers a vacation rental department  which can handle rental and most of the management  of your vacation home.  When you visit the Shore to look at properties we can introduce you to our  Vacation Rental Manager who can discuss  the program with you.  We work with owners to set up a schedule of  the weeks  during summer that they want personal use of their home and the weeks they  want to rent it.  May  to September is the main vacation season here which leaves plenty of time during the rest of the year for  lots of  additional personal use.  Since  Virginia’s Eastern Shore has  a terrific climate, with long pleasant Springs and Falls, you can get a  lots of use and pleasure out of your vacation home while still  defraying some carry costs by doing vacation rentals.

Hopefully these 5 tips were helpful.  We would love to hear from you and show you some of the great deals out there  right now.  With the deals available and the current amazingly low interest rates, we think it’s a great time to consider investing  in one of our beautiful Eastern  Shore homes  regardless of whether or not  you are thinking of becoming a part of a vacation rental program. So give us a  call at 800-258-3437  to make an appointment or to order  your copy of our free  prime property catalogue.     ( Posted by Marlene  Cree, licensed Virginia agent with Blue Heron Realty Co., 7134 Wilsonia Neck Dr., Machipongo VA )

 

 

 

 

 

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