Good news! You’ve bought a new home and are relocating your family to a new town. With a new home comes new opportunities. Now that you’re moving, whether it’s for a job, to live in a different town, or your family has upgraded to a new house, you must figure out what to do with your current home.
Even though the Asheville area is experiencing a seller’s market right now, your old house carries so many memories that you may not want to let go of it just yet. Plus, you know it’s going to continue to increase in property value. But, you’ve relocated and now have a new house payment. There is a solution to your situation: turning your old home into a rental.
When finding a place to settle in, with the number of options out there, there has never been a better time to find the right place. If you are just looking for an extended getaway or moving to the Asheville area for a temporary work assignment, you don’t have to be trapped in a long-term lease. Many landlords are open to short-term leases.
There are many things for which Asheville is known. It is the highest city of its size on the East Coast. With over sixty craft breweries in the area, it has earned the moniker Beer City, USA multiple times.
The River Arts District (RAD) has numerous art galleries that attract visitors from all over the world. Just down the road from the RAD, the Biltmore House is the largest private residence in the United States, with tours drawing millions of tourists each year.
Asheville is also known for its pet-friendliness. In fact, with a welcome center for dogs downtown (next to the Pinball Museum), Asheville is Dog City, USA. For the Washington Post, Melanie D.G. Kaplan writes:
“Nestled in the Appalachian Mountains, near the southern end of the Blue Ridge Parkway, Asheville is nirvana for dogs and humans who love the outdoors.”
As appealing as Asheville’s love for furry family members is for tourists, it’s one of the factors that draws new residents to the area. People want the best life possible for their dogs, and western North Carolina presents a place that inspires confidence in pet owners that their canines will have everything they need to have fun every day.
If you are a property owner, you have the advantage of knowing there is a steady supply of new residents moving to our area. However, you also know that there is a good chance those potential renters will have pets.
Western North Carolina has experienced unprecedented growth in the last few decades. There are no signs of that growth slowing even as property values rise. With new residents searching for places to live, there has never been a better time to own rental property in the Asheville area.
Whether you are new to managing tenants or you have been doing it for years, you need to make sure you are taking care of your renters and yourself.
There are differences in opinion about who is responsible for repairs, maintenance, and security. It is vital for your experience as a rental property owner to make sure you establish responsibilities in a manner that is both fair and consistent with municipal and state regulations.
As you navigate the process of managing your rental properties, we want to help you answer questions about who is responsible for what.
Saying it is a seller's market might be the biggest understatement of the year.
Few industries were left unscathed by the effects of the global pandemic. In western North Carolina, some small businesses and larger corporations had to close their doors for the final time.
However, as things began to reopen and return to normal, companies that survived in the Asheville area have seen as many customers as ever. That is at least in part due to an influx of people moving to our area.
We have been growing steadily for decades, but it seems like our area has become even more popular during and since the pandemic. With the growth of remote work options, people wanting to escape claustrophobic larger cities have opted to relocate to beautiful places like western North Carolina.
If you are fortunate to own property in the Asheville area, you may be looking at the housing market and thinking about selling. This might be the time to cash in on your investment and look for new opportunities.