|
CHARLESTON
MOUNT
PLEASANT SULLIVAN'S ISLAND
JAMES ISLAND
WATERFRONT
FOLLY BEACH
Second vacation homes in
Charleston, SC
Make the most of your home away
from home in Charleston, South Carolina!
Let Charleston be your
escape...
return to
Charleston Real Estate
homepage
Are you looking for a second home?
A vacation retreat for your family? Or simply a good opportunity to
diversify your investments? Second homes can be your best
investment.
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,
condos
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
investment
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
palates.
Simply click on the
link to find all
Charleston Beach Properties available in the MLS that match
your criteria.
Historic Homes
Golf Course living
Equestrian Living
Waterfront Living
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
oceanfront and
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
nearby Kiawah
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
Kiawah
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 area are averaging a 49.2 % increase in
market value every five years, yet 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
single-family properties,
golf resort communities, condos and undeveloped
lots along beaches,
tidal creeks, rivers and
marsh front.
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, 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
housing.
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
find out the tax laws and what they mean to you. Find out how
much your taxes will be and if there will be a substantial increase
over time.
Gardening and maintenance: Who is going
to cut the grass and maintain your second home?
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.
Investment: In a 2005 report, NAR
stated that half of all second homes are located in resort and
recreational areas and have posted annual double-digit price
increases over the past five years.
Find out about
1031 Exchanges
in Charleston, SC |