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The 1031 Tax Exchange: Unraveling the Legal Mumbo Jumbo to Make it Work for You
The Internal Revenue Code Section 1031 states, “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for a property of like-kind which is to be held either for productive use in trade or business or for an investment.” So what does that mean?
Financing the Boom
It’s boom time on the Outer Banks. The evidence is everywhere, from new home construction replacing out of date houses, to commercial construction, giving residents and visitors an ever-increasing choice of services and products.
General Home Maintenance
Your home is probably one of the biggest investments you’ll ever make. If you want to protect that investment, it pays to adopt some simple home-maintenance routines that can prevent the most common and costly problems.
How to Build a Home on the Outer Banks: A Step-by-Step Guide
Building a home is the American Dream, a dream made even more perfect when the home is on the Outer Banks. With miles and miles of coastline, a mild year round climate, and property values on the rise, you can’t go wrong when choosing to build here.
Safeguarding Your Home from Hurricanes
With the Atlantic to the east, the sound to the west, and an elevation that barely rises above sea level, homeowners on the Outer Banks must take precautions to protect against the weather. Fortunately, the Outer Banks’ building codes are more stringent than inland communities to protect from flooding and wind damage.
What’s the Government Doing with Your Utility Bill Now?
Little-Known “Consumer Protection” Law Coming into Effect... At a Price
How much time will you spend thinking about your air conditioner next January? Be aware: That cold air will bring in some cold truth. Energy efficiency standards for residential air conditioners and heat pumps are becoming more stringent, effective January 2006.
The Finishing Touches: Making a House a Home
Whether you’re decorating your new construction Outer Banks home, or simply sprucing up the one you’ve been living in, remember that the interior of the home can have a powerful effect on you.
Home Product Trends
In the national market, according to Better Homes and Gardens magazine, the trend in new homes is to focus on quality rather than size. The magazine’s surveys reveal that 63 percent of home buyers said if a tradeoff must be made for the sake of price, they would choose a smaller house with top-quality products and amenities over a larger house without them.
Baby Boomers’ Booming Retirement Population of Outer Banks
There is a national phenomenon occurring that is part of the life cycle of the baby boomer generation. It is the graying of America, and as that generation of post WWII babies retires, they come to the places they remember most fondly.
Improving on the Outdoors: Transforming the Backyard into a Livable Space
The weather conditions on the Outer Banks--blisteringly hot summers and wind-driven winters--can put a thorn in even the greenest of thumbs. It takes creativity, patience, money and plenty of time to transform the typical sandy, sandspur-ridden yard into a grassy, lush paradise for the family to enjoy.
Pointers for Choosing the Right Property Management Company
Choosing the right property management company for your home is the key to achieving rental success. Even the most beautiful home can go un-rented if it is not properly marketed.
Real Estate Tips from the Pros
It’s important for the buyer or buyers to define the goals and expectations they have for the property. You can’t expect a second home to be a rental machine, a vacation home, and a home to retire in.
Understanding Home Insurance
When it comes to insuring your home or rental property, there are two things to consider: the types of insurance coverage that will best protect your home as well as the amount of coverage you need.
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