Five Ways to Make Your Beach Condo “Green”

November 18th, 2011

CFLs for your green beach condoHomeowners at Grande Villas may have the impression they don’t have as much control over making their condo energy-efficient as they might with a single-family home. But there are actually a lot of simple “green” choices that can help you lower utility costs and make your North Carolina beach condo more environmentally friendly.

1. See the light.
Replace your incandescent light bulbs with compact fluorescent bulbs. Although the per unit cost is higher, compact fluorescent light bulbs last approximately ten times longer and consume far less energy. Over its lifetime, a compact fluorescent bulb can save around $30-$40 in electricity costs.

2. Be a star.
Select ENERGY STAR rated appliances. Refrigerators, the biggest energy-consumers of all major household appliances, use a minimum of 20% less energy when ENERGY STAR approved. Clothes washers with ENERGY STAR certification use less energy and less than half the amount of water.

3. Set your dial.
Keep in mind that even minor variances in thermostat settings can make a significant impact on energy use. Adjusting your condo’s temperature just two degrees cooler in the winter and two degrees warmer in the summer can add up to major savings. A programmable thermostat enables you to specify the times when the air conditioning or heat turns on and off, which is an important concern if you leave your condo unoccupied for long periods.

4. Fix the phantoms.
Many electronic devices such as computers, televisions and stereo equipment continue to draw power even while switched off. These “phantom loads” can account for as much as 75% of the total electricity these electronics use. You can save energy by simply unplugging devices when not in use, but it’s more convenient to use “smart” power strips that detect inactive devices and automatically shut off the electricity drain until it’s needed.

5. Use water smarter.
Besides home heating and cooling, water heating is the next largest category of energy use in the typical home. Using an ENERGY STAR water heater and keeping it set to 120 degrees can create significant energy savings. Conserving water itself is also important for the environment, and installing smart showerheads, running only full loads in the clothes washer and dishwasher, and switching to low-flush or dual-flush toilets can all contribute to making a difference in the volume of water used in your condo.

For more tips and advice on keeping your condo green, visit the Alliance to Save Energy or the ENERGY STAR website. You’re also encouraged to check with the Grande Villas Homeowners Services Team for their advice and assistance.

Earning Rental Income from Your Vacation Property

July 25th, 2011

Grande Villas Indian Beach Real EstateOwners and prospective buyers of vacation homes may wish to consider the advantages of earning rental income. If your property at Grande Villas or elsewhere is going to sit unoccupied for long stretches between your stays, turning it into a rental can be a smart way to put your investment to work. While you may not quite manage to make the vacation home pay for itself as some real estate investors would dream of, the extra income and tax benefits can represent a very attractive proposition.

The key consideration before getting into the rental game is the amount of time you wish to rent out your property. If you rent it for less than 15 days in a year, whatever income you collect from it is completely tax-free. This can be an appealing option for those only interested in short-term arrangements, and it can pay off handsomely if the second home is located near a popular attraction (like an annual festival or golf tournament) that can command peak rental rates. Of course, if you don’t have to report your rental income, that means you can’t claim any rental-related expenses as deductions.

If you rent your property for 15 or more days a year, then the IRS considers it a rental business and you must report the income. In this case, your costs on the home during rental periods can be deducted as business expenses. As long as you maintain personal use of the property as your vacation home, you can also continue to deduct your mortgage interest and property taxes. That may sound like a win-win, but becoming a landlord carries a lot of responsibilities and liabilities that you should carefully review with your accountant or attorney before jumping in.

Check out these links for further general information:

H&R Block Tax Tips: Owning a Second Home


SmartMoney: Property Taxes on Vacation Homes & Timeshares


Buyers Utopia: Vacation Rental Home Investment Property

 

Benefits of Condo Ownership over Free Standing Vacation Home

July 7th, 2011

Vacation Condo OwnershipTime to Go for a Vacation… Condo!
You’ve made the decision to purchase a vacation property on the Crystal Coast – after all, it’s a great time to buy and, frankly, you deserve it!

Ask the experts and you’ll hear that the proverbial real estate market “ball” is currently in the buyer’s court, so there are more options for you right now than in years past. And with a wide array from which to choose, you may be pondering whether to purchase a condominium or free-standing home.

Well, condos definitely have some no-brainer advantages. For example, because the purpose of a vacation home is for you and your family to relax, the last thing you want to do is deal with the plethora of maintenance issues that come along with a house. And condo-ownership typically comes with the worry-free, maintenance-free living you envision for your second home. Sure, there are fees involved, but sparing yourself the time and hassle of having to do it all yourself can certainly make those homeowners association dues worth the cost. Moreover, many condominium developments offer additional amenities and facilities for your family and guests to enjoy.

For example, Grande Villas at Indian Beach on the Crystal Coast offers owners and guests club-class indulgences, including a state-of-the-art health and fitness center, club lounge, sport and games lounge, poolside restaurant and kids’ club. These extras, which you don’t get with a stand-alone house, all add up to turn your second home into a first-class vacation experience.

It is a wonderful time to buy a vacation home and a condominium is a great choice. So when you’re ready to make your coastal condo purchase, just be sure to go on a fact-finding mission. Check out the financial and operational sides of the development – things like developer strength and financial stability. Also, when you visit the prospective vacation home developments, talk to current owners and ask them for their personal pros and cons of ownership… this can be the most enlightening conversation of all and steer you toward the vacation condo of your dreams!

Grande Villas Owners Weekend

June 30th, 2011
 2nd Annual Owners Weekend Draws a Crowd

Around 35 Grande Villas families gathered for the Owners Weekend Celebration, June 10th. Delicious gourmet food prepared by the popular Carlton’s Cartering and poolside music by 4EverAll kicked off the event weekend Friday night. Owners mixed and mingled while children frolicked in the pool.
 
Friday night "Pool Party"

Grande Villas Residents, Joel & Charlotte Fortune enjoying the Friday night festivities.

Great Weather & Great Company 
The weather was simply spectacular and allowed everyone to enjoy a variety of family friendly outdoor activities on Saturday. A few early birds started their day with a complimentary beach body workout .  Others enjoyed a lazy morning followed by a catered brunch from Carlton’s. The Spinnakers Kids Club offered youngsters the opportunity to try their hand at beach crafts and outdoor activities on the lawn.  Around noon, chefs prepared a low country boil and barbeque luncheon where owners and guests dined poolside and enjoyed more live music.  Saturday night’s activities featured a poolside family movie and popcorn for Spinnakers Kids Camp attendees. 
 
 What a Way to Start the Summer
The event offered owners and guests the opportunity to relax and enjoy the pleasures of the Crystal Coast in a fun and festive atmosphere.   The weekend came to a close on Sunday with a wonderful patio brunch. What a great beginning to another perfect Grande Villas summer.

 

 
 

  

 
 
 
 
 
 

 

 

New White Paper: The Facts You Need to Know

March 24th, 2011

When you’re searching for a new home in today’s market, it is imperative to understand the financial and operational side of your prospective purchase. There are a number of important questions prospective buyers are asking us about Grande Villas, and if you’re not asking these questions yourself, we believe you should know about them.

Myles Newell, President of Waypoint Real Estate Consulting, has prepared an informative white paper entitled Grande Villas: The Facts You Need to Know. It details a number of critical topics including developer strength, financial stability, maintenance requirements, sales & marketing programs, and position in the local marketplace. Download this free document to read a compelling, logical and factual argument as to why Grande Villas is beyond compare on the Crystal Coast.

Coastal Home Prices in Carteret County Expected to Increase

August 27th, 2010

Prices in Carteret County expected to Increase 16% to 25% by 2015

In a recent article in the Triangle Business Journal geographic research firm ESRI was very bullish on the Carteret County Real Estate Market.  The article stated, “Some areas are holding up better and could experience significant appreciation over the next five years.  Home values in Carteret County – home to Atlantic Beach and Emerald Isle, among others – have held steady over the past year, ESRI data show. The values of coastal homes in Carteret are projected to grow at a faster pace than those in neighboring New Hanover and Brunswick counties through 2015.”

This information coupled with Grande Villas’ strong pricing and incentives make it a great time to buy at Grande Villas!  To view the entire article click  here.