BUYING A HOME |
SELLING A HOME |
CHARLESTON MLS | CHARLESTON
Make the most of your home away
from home in Charleston, South Carolina!
Let Charleston be your
Charleston Real Estate
This site brings you vacation homes and
lifestyle communities that you will want to call your home away from
home and explore time and time again. Discover homes,
and home-sites with golf,
boating, equestrian, tennis
and spa facilities.
Whether you're shopping for a second
home as a vacation home, a retirement home or an
property, Charleston is worth your consideration.
There are miles of sandy beaches,
golf course communities, world
class fishing and boating activities, historic and natural beauty,
shopping and fine dining to delight even the most discerning
Are you looking for a second home?
A vacation retreat for your family? Or simply a good opportunity to
diversify your investments? Sometimes second homes can be your best
For potential second home buyers,
Charleston offers two of the most important and desirable
considerations - year-round enjoyable lifestyle and
consistently-improving investment. The most typical motivation in
purchasing a second home is finding an ideal spot for vacations and
eventually for retirement, and as one of the country's top tourism
and relocation destinations, Charleston fits the bill very well.
Blessed with a mild, sunny climate and an expansive stretch of
intracoastal waterways, Charleston is an outdoor delight throughout the
year, as anglers, golfers and beachgoers enjoy balmy days in all
four seasons. Added to its natural warmth is Charleston's visual and
cultural charm, found throughout the fabled streets of America's
most historic city, where grand piazzas, flourishing gardens and
cobblestone streets create a distinctive old-world beauty.
A major gauge of second home desirability is the range of available
amenities, and here again Charleston shines. World-class
championship golf courses abound at prestigious locations such as
Island Resort, Seabrook Island and Wild Dunes resorts, while
deep-sea and in-shore anglers can enjoy some of the best fly and sportfishing on the Atlantic Coast. Exquisite dining experiences
await in some of the country's finest restaurants that include Mobil
five-star Woodlands Resort & Inn, and Mobil four-star Charleston
Grill, Peninsula Grill and Ocean Room at the Sanctuary on
Island. The Charleston area also includes two professional sports
franchises, one international airport and two executive airports, a
waterfront aquarium complex and maritime museum, a unique old-world
outdoor market place as well as a numerous chic shopping districts,
miles of public beaches, and an incomparably scenic downtown area.
According to the National Association of Realtors, residential
properties in the Charleston are still far below the median
for comparable listings in other coastal areas. Surrounded by
barrier islands, pristine coastal wetlands, protected natural
sanctuary and national forest, Charleston has a wealth of scenic
golf resort communities, condos and undeveloped
lots along beaches,
tidal creeks, rivers and
Many of those who enjoy getting away from it all have discovered
that secondary-home investing in these properties makes more sense
over the years than throwing money away annually on expensive
vacation rentals and hotels. Instead, they have the opportunity to
earn vacation rental on their second property, as well as qualifying
for tax incentives. The 1031 tax-free exchange, for example, allows
an investor to purchase a second home, and after using it as rental
property for at least two years, sell the primary residence and move
in without paying capital gains.
NAR statistics show that locations near water in warm climates are
the most popular and desirable second-home locations, which
continues to boost the value of Charleston property. Another big
incentive is to have an
investment property for children in college,
and with three universities - The College of Charleston, The Citadel
and Charleston Southern University - a technical college, MUSC and the
new Charleston School of Law, many parents have used second-home
investment to get a jump start on vacations and retirement and make
better use of money previously spent for expensive off-campus
Considerations for purchasing a second
home / vacation home:
Buying outside of your local area
requires careful pre-purchase analysis to make sure that you end up
with a home that brings you pleasure. Most second home buyers
will hold on to their home for at least ten years, so visiting the
places that you are considering for a second home at different times
of the year is a good idea.
In addition consider the following:
Market conditions. Are there a
lot of homes on the market you are considering?
Are there any hazards to be aware of in
this area? Flooding, fire, hurricanes? Check to make sure that
you can get coverage.
Taxes: Check with your accountant to
learn about the local tax laws and what they mean to you. Find out how
much your taxes will be and if there will be a substantial increase
Gardening and maintenance: Who is going
to cut the grass and maintain your second home? Do you want a
lock and leave condominium instead?
Furniture: If the home does not come
furnished, how much will it cost to furnish the home to your liking?
Utilities: You will have monthly phone,
gas, electricity and water bills.
a softening in the second home market in 2008, the long-term demand
should be favorable because there are large numbers of people in the
prime years for buying a second home. While there may be
fluctuations year to year in the real estate market, due to the 39.2
million people in the United States are ages 50 to 59, the demand
for this segment of the population should remain.
John Tuccillo and
Tom Kelly have teamed up to write a book
on second homes as investments. Tom Kelly, a nationally
syndicated real estate columnist and talk show host, wrote How a
Second Home Can Be Your Best Investment (McGraw-Hill Trade; Original
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