Southport Oak Island Realty Group, Inc

Worried About Home Maintenance Costs at the North Carolina Coast? Consider This

If one of the main reasons you’re hesitant to buy a home at the North Carolina coast is because you’re worried about the upkeep, here’s some information you may find interesting on beach and vacation homes for both new home construction and existing homes (a home that’s been lived in by a previous owner(s).

North Carolina Newly Built Homes Need Less Upfront Maintenance

You may find a newly built home could help ease your worries about maintenance costs. If you think about it, if everything in the house is brand new, it won’t have the wear and tear you may see in an existing home and that means it’s less likely to need repairs. As LendingTree says:

“Since the systems, appliances, roof and foundation are new, you’re less likely to pay for major or minor repairs within the first few years of homeownership. That can make a big difference for first-time homebuyers who are adjusting to owning rather than renting.”

In addition to the above listed items, many builders also have warranties on their homes that would cover some of the more major North Carolina coastal vacation and beach home expenses that could pop up. As First American explains:

The new systems in your home, like plumbing, electrical, and HVAC, are typically covered for one to two years by your builder’s warranty. When something happens to these systems, you contact the builder or their warranty company.”

Existing Beach and Coastal North Carolina Homes Can Still Have Great Perks

But it’s worth mentioning, that it’s not just newly built homes that can have warranties. It’s an option for existing homes too.

Your North Carolina real estate agent with Southport Oak Island Realty Group, Inc may be able to help you negotiate with the seller to add one as a concession on your contract. But you should know that not all North Carolina beach and vacation home sellers will be willing to do that. If they won’t, you could purchase one yourself, if you’d like to. An article from Forbes explains:

During a real estate transaction, a home warranty policy can be purchased by the buyer or the seller.”

And there are benefits for both parties when it comes to a home warranty. According to MarketWatch:

“A buyer’s home warranty benefits both buyers and sellers, as it helps the seller close the deal while providing the future homeowner with peace of mind that they’ll be covered if a system or appliance breaks down . . . Sometimes, a seller will pay for the first year of the home buyer’s warranty to sweeten the deal, but it depends on the real estate market.”

If you’re interested in a home warranty for peace of mind, lean on your agent at Southport Oak Island Realty Group, Inc. They’ll negotiate on your behalf to see if a seller would be willing to cover one for you on your next North Carolina beach and vacation home. Just remember, the likelihood of a seller throwing one in depends on conditions of the North Carolina home purchase in the Southport and Oak Island area, as well as terms and conditions of the sale.

So, Should I Buy A New or Existing North Carolina Beach and Vacation home?

While the need for less upfront maintenance is a great perk for new construction homes in the Southport and Oak Island North Carolina area, there are some things a newly built home can’t provide that an existing home can.

For example, existing North Carolina beach homes and vacation homes have a lot of character and charm that’s difficult to reproduce. The quirks that come with an older home may make it feel more homey. And, existing beach homes usually have more developed landscaping and a well-established sense of community. So, it can feel more inviting than something that’s a blank slate, like new construction in North Carolina often is. Not to mention, if you go with new construction, you may have to wait for the home to finish being built based on where it is in the process. It all depends on what’s most important to you.

Whether you choose a newly built or an existing home in Southport or Oak Island North Carolina, you may be able to ease some of your concerns over maintenance with a home warranty. To weigh your options and go over what’s the top priority for you, talk to the professionals at Southport Oak Island Realty Group!

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Jon Langley

Hi! Nice to 'meet' you and thanks for visiting our Southport and Oak Island Real Estate Blog! My name is Jon Langley, and I'm a REALTOR® in Brunswick County, NC. I work alongside some of the best Realtors in the Southport & Oak Island area. I'd love to learn more about you if you'd like to connect with me on Facebook and Instagram or connect with our team at Southport Oak Island Realty Group. Looking forward to connecting!

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