Wednesday, March 28, 2007

How do we value a home?

I took this picture on a March 2007 weekend near "The Point" on Emerald Isle, NC. It has to be one of my favorite spots . The mix of sand, waves, and wind makes this a special spot. Still in the grand scale of things, the housing the area if not this particular spot is pretty affordable for many people today.

It was fun snapping this photo from the widow's walk of a really nice home just across the street from the water. It's listed for $1,099,000. There are lots of homes in the area for list, but this is definitely a special one partially due to the location.

The whole area is spectacular with great views of the sun setting over the sound and the waves of the Atlantic Ocean. If you walk down the street by a few houses, you come to the access to "The Point."

There you will see a wide strand of sand and one of the most spectacular vistas on the coast. It is a great place to gather at sunset. You do not have to preview many homes along the coast to learn that the proximity to water has a lot to do with the price. This really nice beach cottage lists for $549,000. It is a great location, but perhaps with not as spectacular views as the other spot. It's also a smaller place.

Still on the beach much of your money goes for location and not house. Over on the mainland just a few miles from the beach you can find a place like this one for $339,900. On the mainland while still near the water you can end up with a lot of house just a few miles from the beach. This listing of ours at 126 White Heron Lane is a good example.

Of course if you want it all there are places that meet that criteria also. Bahama Breeze which is right on the beach with fantastic view, beach access, and its own home theater is a great example.

All of this proves that when buying houses, the equation to happiness and finding a place that meets your specific needs can be a little complicated. It pays to take the time to have someone helping you find that spot of personal paradise.

Of course if you never try to find that perfect place, you never will. There are lots of homes on the market right now. If you want a great choice, now is the time to start looking.

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