High Standards: Sound Investing Drives Baby Boomers to North Carolina

07/06/2007

The “Boomer” generation has worked hard and now that their children are grown, for the past eight years or so, they have indulged in real estate purchases. Many Boomers see second home ownership as a smart investment opportunity and are considering real estate investments as part of their retirement plans. They are also looking at second homes as a place to bring their families together to enjoy vacations and other special occasions. Boomers have been driving this trend in the second home market for some time, and it is not likely to end anytime soon. The Southeast’s population is expected to continue growing steadily as Baby Boomers seek warmer climates and recreational entertainment. Baby Boomers are a whole new generation who are intrinsically different than the generations before them. They are much better-educated and comfortable with large purchases like real estate, and they want comfort as they grow older, even though they perceive themselves as “today’s 60 is yesterday’s 45”.

The National Active Retirement Association (NARA) reports that a detailed new survey shows that North Carolina is the number one future retirement choice among the 41 to 49 age groups. “With huge numbers of people turning 50 each year, the survey results portent a dramatic expansion in the number of older adults living in the state,” says NARA President, Dan Owens. “This trend is the ‘silent growth engine’ in the Southeast and will continue over the next 25 years. Certainly North Carolina is in the catbird seat...the trends will increasingly favor the state and help fuel the real estate market.” In an article written in Construction Trends, Jeffrey Wendland says, “Over the past decade, there has been a boom in retired people moving to North Carolina. Due to several factors, many Northerners are now choosing North Carolina over other Southern states...Your dollar goes much further when buying a house in North Carolina compared to Florida. Both property and home insurance are very affordable in North Carolina.”

Boomers Looking For Value

As noted, Baby Boomers are looking to diversify their portfolios when buying a second home, and they are looking to get the most value for their money. Selected as the most desirable place to live, according to a 2006 poll by Anholt State Brands Index, an analytical United States branding system, North Carolina remains very affordable compared to other East Coast areas—especially near the water. According to Mary Roney of Business Week Online, “Another feature attracting masses to the Tar Heel State? Value. Whether you are relocating for your job or purchasing a second home, as a general rule, you can buy more house in North Carolina than you can in Palm Beach. And you’ll still get the ocean view.” North Carolina’s low cost of living is a refreshing change for those relocating from cities on the East and West Coast. The American Chamber of Commerce Researchers Association 2005-2006 report found that cities in the Carolinas ranked 11.8% below the national average in housing costs.

More than just Blackbeard’s treasures are waiting to be discovered on NC’s Crystal Coast!

North Carolina has an ideal climate, captivating landscapes, rich history and down home southern hospitality. The area is entrenched in charismatic culture, and its villages and towns carry a nostalgic history. The Outer Banks of North Carolina have drawn people to its unequaled beauty since 1587, and those who discover the area are lured to the peaceful refuge that stretches before them.

Famous for 85-miles of shimmering beaches, crystalline blue water and lush maritime forests, North Carolina’s Crystal Coast along the Southern Outer Banks was designated as having “Clean and Healthy" beaches by the Clean Beaches Council. Recognized among the best shipwreck diving destinations in the world by Scuba Diving magazine, the Crystal Coast includes Emerald Isle, Indian Beach, Atlantic Beach, Morehead City, Beaufort and Cape Lookout. This area is an adventure filled with wildlife and beaches—a nature lover’s fantasy and an art lover’s joy. There is fishing and boating, hiking, biking and of course, golfing. Some of the best golfing in the world is in North Carolina.

Grande Villas At Indian Beach

There are places to discover in North Carolina and Greystone Property Development and the Whistler Investment Group—two well-established development groups—have taken advantage of this by creating Grande Villas at Indian Beach offering oceanfront luxury condominium residences in a premier community. Principal and CEO of Whistler Investment Group, LLC—and a second generation North Carolina home builder, Mark Tipton referred to this project as one of the most exciting he has ever been involved in. “The site is absolutely gorgeous and every unit is awesome—on the ocean side and on the sound side,” says Tipton. “Grande Villas at Indian Beach sits 24 feet above sea level in a totally natural environment. We are right next to the unspoiled Theodore Roosevelt Preserve,” explained Tipton. “We are working diligently with the environment, not against it, to preserve the magnificence of this land.” Indian Beach is located in the middle of Bogue Banks, the next to last island in a chain of barrier islands known as the Southern Outer Banks, or Crystal Coast. The town is in Carteret County, 30 miles east of Jacksonville and 123 miles southeast of Raleigh.

Living “Club-Class”

Each of the 90 well appointed Grande Villas residences range from over 1,300 to almost 3,000 square feet—carefully designed with your needs in mind. If your taste includes interior finishes like limestone floors, granite counter tops, gourmet kitchens and marbled floors in the master bath—expect it at Grande Villas at Indian Beach. Each detail has been carefully considered to maximize amazing ocean views, at the same time providing optimum levels of comfort. Clean lines, smooth finishes and natural colors are
graphically combined creating an aesthetically pleasing paradise. The new condominium residence offers “Club-Class” living to those looking for a second home, a luxury vacation retreat or a place to retire—unlimited recreational opportunities, as well as panoramic views—who could ask for more?

Invest In The Future

If you’d like to experience what it would be like to live in this magnificent retreat scheduled to open in July 2008, Indian Beach Acquisition, LLC is pleased to announce the opening of the Grande Villas Preview Center in Raleigh on 8450 Falls of Neuse Road. “The new Preview Center in Raleigh is a great way to experience the unique look and feel of these spectacular new beachfront residences,” says Tipton, “If someone is looking for a second home or a place to retire, there is no place on the Crystal Coast that can match Grande Villas’ elegance, natural surroundings and amenities.”

There is also a Hospitality Center at the Indian Beach site for those who wish to stop by. Grande Villas’ representatives will be on hand to give you all the information you need about living a fabulous lifestyle in one of the most desirable places in the country. For more information please call toll-free (877) 845-4438, or experience the residences online at www.GVCondos.com.