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Hilton Head Island FAQ's
FAQ's
Condo and Villa prices in SeaPines, Palmetto Dunes, Shipyard and Forest Beach have declined 25 to 45% from the highs of 2005. Now, 2012 presents an attractive buying opportunity at the premier east coast location of Hilton Head Island. Conde Nast and The Wall ST Journal call Hilton Head one of the top beach resort communities on the east coast. If your considering a second home, permanent move, or investment condo and rental villa Hilton Head Island is the place to own.
For detailed information, please Contact Larry Meyers or call 843-338-9543. Available evenings and weekends.
Hilton Head Island, Sun City Hilton Head and Bluffton property owners generally realize 90% - 97% of list price.
VILLAS AND CONDOMINIUMS 2012
Villas vs. Condos…What's the Difference? While all villas are legally condominiums, most people refer to five story structures as "condos" On the other hand, "villas" are often thought of as more relaxed town home-type properties, usually along a golf course and just a short walk or bike ride to the beach. Both condos and villas have a monthly fee (regime fee) which vary and may cover exterior maintenance, landscaping, pool. Taxes run about $800 for every $100,000 in value. Rental revenues range from $10K to $120,000 for the season from April through September, depending on the location.
VILLA PRICES 2012
Prices for Palmetto Dunes SC real estate and Sea Pines SC real estate increase as you get near the beach. Two bedroom condos with a decent ocean view begin at about $450,000 at Villamare, two bedroom villas in newer properties (Windsor, Hampton Place) will run in the $750,000-$1.999 million range. Hilton Head Island golf oriented villas in Palmetto Dunes, Sea Pines are priced from $350K and up. Non resort locations such as Forest Beach, Folly Field and Singleton Beach without resort amenities are priced lower. You can still buy a 2 bedroom villa a few blocks from the ocean in a price range of $75K to $300K at other Hilton Head Island locations.
LIFESTYLES
Is the area you vacationed in for years necessarily the area you want to live in year-round? Remember, Hilton Head has numerous communities, all with different personalities. Some areas are strictly residential (Hilton Head Plantation, Palmetto Hall, Long Cove) while others offer combinations of resort and residential living (Palmetto Dunes and Shelter Cove by Greenwood Development, Shipyard, and Sea Pines). As you start to look at homes or condos begin with the end in mind. It helps to eliminate some areas and focus on others. Establishing price parameters and deciding "quality of living" issues for as amenities, beach access, and overall "feel" of the community and lifestyle.
LOCATION
Keep an open mind about location. Of course, most everyone wants to be "on or near" the beach. Remember that near ocean prices are less at other island locations worth investigating as well. Condos are available starting at $35,000. Examine your vacation habits closely. Certainly, while the beach is a major attraction, Hilton Head is a nationally recognized bicycling friendly community featuring tennis, golf sailing and shopping, topped off with exceptional restaurants. Easy beach access and parking points at Burkes Beach, Singleton Park, Folly Field and Coligny Beach Park. All beaches are public. WHAT'S RIGHT FOR YOU!
Develop and follow a financial plan. Potential second home buyers must decide how many weeks they would use their vacation property.For people use a property three weeks or less, then it may make more sense to continue renting and possibly consider a home site for future building. Secondly, to what extent would rental income be important? Most properties have rental histories so you can get a good idea of how the numbers look before you purchase. While it may be unusual for a vacation property to realize a "positive cash flow" there are Hilton Head homes and condos where rental income is significant enough that monthly expenses are minimized.
Professional rental agencies charge a percentage of the weekly income and they advertize, do bookkeeping, handle small maintenance and facilitate housekeeping services. Many of owners combine what the rental agency does by renting directly through vacation rentals by owner VRBO and save the rental commissions. There is an accomodations tax due the town of Hilton Head. Many owners have no interest in renting to others and use the home or condo as a second home or vacation get-away.
HOMES AND HOMESITES
If you are only able to visit the island a couple of weeks a year then renting probably makes more sense than buying a vacation type home or condo.
Where and what lifestyle do you envision for yourself five, ten or fifteen years from now? Buying a home or home-site in the Bluffton, Hilton Head area or Over 55 and Senior Living community of Sun City Hilton Head is a great way to prepare for your future. Del Webb creates community as Pulte Homes builds houses,
BEACHES
One of the biggest questions to consider is the importance of the beach. If it is essential that you be within walking or biking distance to the beach then you can eliminate much of the island and focus on ocean-oriented areas such as Palmetto Dunes, Sea Pines, Port Royal, and Shipyard. If you are comfortable with a 10 or 15 minute drive to the beach, you can get much more house for the dollar in river or sound area such as Hilton Head Plantation, Palmetto Hall and Indigo Run. Sun City Hilton Head and Bluffton residents enjoy a brief 20-30 min. ride to the beaches.
BUILDING COSTS
The cost of building on Hilton Head is in a range between $125 and $250 per square foot. The wide variance is due largely to the number of features that you include into the home. |
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BridgePointe: BridgePointe
BridgePointe is situated in the heart of Bluffton. At BridgePointe there is the availability of two and three bedroom garden-style condominium homes with the simplicity of single-level living. This gorgous landscaped community has two lakes and a si... More On This Community
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Squiresgate: Squiresgate
Squire's Gate community of 49 homes and is situated on the island's north end just off Squire Pope Road. The community is known by some as the island's best-kept secret and greatest value.... More On This Community
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Heritage Lakes: Heritage Lakes
Heritage Lakes is situated just two miles from the Hilton Head Island bridge and boasts over 80 acres of lakes and preserved wooded areas. This community consists of 235 unique homes on a developed area of 250 acres. Heritage Lakes prides itself on b... More On This Community
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Larry Meyers •
ReMax Island Realty •
843-338-9543
99 Main Street • Hilton Head Island,
SC 29926
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