Understanding the elements of the financial sector is absolutely crucial to be a successful investor in today’s real estate market. Reading between the lines, a little common sense and a professional Broker representing you will go a long way. Knowing when and where to invest your money wisely should also depend on what’s happening with banking rates, mortgage backed securities, current and proposed financial regulations and current state of the stock market.
As a long term resident of the Outer Banks since 1981 (almost a local!), a 32 year real estate broker and 17 year Colington Island resident, I’ve had the good fortune of knowing the pros and cons of all of the communities from Corolla through South Nags Head. Here’s my thoughts on what makes Colington Island (there’s actually two!) unique and a great place to live and invest.
The beach, that wonderful merging of ocean and sand that seems so perfect will always be the draw bringing visitors to the Outer Banks. But there is another side to this strip of sand, another world of beauty and wonder waiting for the slightly adventurous.
With over 1,000,000 visitors annually, Jockey’s Ridge State Park in Nags Head is one of the most visited parks in the North Carolina State Park system.
A relatively small park—426 acres—it’s appearance is striking with Jockey’s Ridge, a massive 74’ sand dune higher than any other natural feature on the Outer Banks. The park is home to the Kitty Hawk Kites Hang Gliding School, the oldest and largest in the nation. From the slopes of the dune, novice hang glider pilots learn how to soar.
So if your office is anything like mine at this time of the year it is less than a finely tuned machine running at full speed. Between the 2nd week of December and the end of the year we have staff out of the office for just under 100 days of combined work. It seems that when you call on any service firm (plumber, surveyor, electrician, etc.) to perform a job at this time of year the story is the same “sorry, we aren’t going to get to that until after the first of the year, you know with the holidays and all we just can’t get it done.”
The Outer Banks stretch over 100 miles from Carova at the Virginia/North Carolina border to Ocracoke. There is even an uninhabited island just south of Ocracoke—Portsmouth Island—that could properly be called part of the Outer Banks.
There was a time on the Outer Banks when a broken wrist or birth of a baby meant a trip to Elizabeth City or Chesapeake. In March of 2002 everything changed when the Outer Banks Hospital opened in Nags Head.
With its beautiful beaches and inviting waters, there are very few places as relaxing, as perfect for a vacation or a weekend getaway, as the Outer Banks. That’s why hundreds of thousands of visitors arrive every week during the summer, and even in the shoulder seasons people still look forward to some time by the sea.
Living on the Outer Banks is an interesting proposition. Just about everyone who lives here owes their livelihood to the four or five million visitors who find there way to this strip of sand every year.
Moving a family to a new home involves a lot of decisions and some very real concerns. One of the most important considerations for parents is the quality of the education their children are going to receive.