Commercial and Investment Property in the NC Blue Ridge Mountains
Why invest in this area?
The northwestern North Carolina areas of Watauga, Avery, and Ashe counties; including Blowing Rock, Boone, Valle Crucis, Banner Elk, have long been a mecca for vacationers. Grandfather Mountain is the most visited tourist attraction in the state. The previous four years have seen an unprecedented growth in the area, with property values rising 12% per year. Appalachian State University and tourism are the two largest local industries, and both create a need for housing and support businesses. Rentals are an excellent area for investment, or for that matter, you can place your second home in a vacation rental program to offset its costs when you are not using it.
Investment in Rental Property
Rental property is an excellent investment in this area due both to the large student populations of Appalachian State University, Caldwell Community College, and Lees-McRae College and also to the large local resort industry. Thus, if you are looking for an investment, consider purchasing a home or condo to use as a long-term rental or to place in a short-term rental program. Many people purchase a home or condo to use as a second or vacation home, and place it in a short-term rental program to generate income when they are not using it. Please visit my featured homes and condos to locate suitable investment property for short or long-term rentals.
For further information, contact:
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Helen Phillips, CRS, GRI, ABR, e-PRO
Lida Keber
Coe Realty |
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Coe Realty and FindAMountainHome are owned by Helen Phillips, a NC licensed Broker and member of the National Association of REALTORS®, North Carolina Association of REALTORS®, Avery-Watauga Association of REALTORS® and the Ashe County Board of REALTORS®. |
