Where would you say are the fastly-appreciating areas in/around Charlotte & Raleigh?

[guateek]

I thought Wake County included Raleigh? In raleigh there are MOntessori schools. I think one is called Casa Esperanza and Follow the child.....anyone heard of these? Thanks

[I'minformed2]

Never heard of them. That doesn't mean they don't exist though lol. Raleigh is in Wake County, that's what I said.

[RedNC]

Money magazine is projecting 3.5% growth for Charlotte and 3.2% in Raleigh. As for a quickly appreciating area, I wouldn’t be looking for any area in NC to “quickly appreciate”. In the long term @ 20+ years some of the high density areas might appreciate more, but you can forget about high double or triple digit appreciation. In the last 5 years Charlotte increased 20% and Raleigh increased 18.7%.

The current housing market situation is not looking good right now. Some areas in the US are already seeing a drop in housing prices and if this continues through out all areas then you may have to wait until the market stabilizes to buy or be upside down or flat until the market goes back up.
Trying to predict what areas in the US will enjoy the most appreciation much less the fastest you would need a better crystal ball than I have.

If past performance is any indication then NC would not be the state I would go to for making my fortune in real estate. Although it is growing there is still a lot of room left before the demand would out pace the supply. Some builders are offering incentives to move new houses, and I have seen used homes take upwards of 6+ months to sell, this is not a good sign for people wanting to make a quick buck.

[linearity]

Hi,

Just wanted to clear the air. I had posted this original post about quickly appreciating areas and some people misconstrued my thread to mean that I was simply approaching it from an investment stand-point. My husband adn I have visited Raleigh and adored it. We want to move to NC to be closer to family, the ocean, better schools, etc. and STAY there and raise our family there.

I was only wondering about areas that are appreciating quickly, so that we could invest in a good piece of property, so that when we DO sell (5-20 years from now) to buy another house in teh SAME area (either a bigger house to fit more kids or a townhouse 'cause we're retiring) we can make a decent profit.

That's all.

Sorry if I offended anyone. I really like NC a lot and don't plan to take advantage of it in any way!

Kyra

[NYer]

Originally Posted by Sugar Magnolia

Just curious again. LOL call me George. But is everyone just moving to make a quick buck on a fastly appreciating house? Seems to be what it sounds like on here. Flippers. What ever happened to fixing something up and living in it for a while. My parents have been in the same house for nearly 20 years and the only reason they moved from the old house is because the neighborhood was going downhill and they wanted safety for us girls. Just seems like to me everyone is interested in flipping and making some dough instead of becoming part of a community and making a home for their family. Sad in my opinion. But that is just my opinion.

Wow. I sure hope you are wrong. I don't want to move ever again.

[Ms.Charlotte]

I hear what you're saying, Sugar Magnolia. It would be nice to stay in one neighborhood for 20 years (as my parents did). I do think it's much more difficult to do that now. People don't stay in one position for that long anymore. They get transferred, or laid off and then have to move on. It's a shame.

I can't imagine that people are leaving their homestates, faimilies, friends, jobs, just to flip a house. That's just crazy! You can do that without leaving.

[I'minformed2]

It's not so much "flipping" that goes on after people move down here..... it's almost "keeping up with the joneses". A lot of people moving here, especially those who are just starting a family; buy a good sized house with plenty of room that is usually fairly new or brand new. Then, after a few years, they see even more houses being built all over the place, many times a little bigger and a little nicer, so they move....I'm guilty of it too, Ive lived in 4 different housess since I've lived here. They didn't come here to buy a house and then sell it a few years later for a better one, but that just tends to happen a lot. The trend usually stops when a family makes it into one of "the big ones", one of the large mega-subdivisions with virtually all large upper class homes like Lochmere, Preston, the estates of Wakefield Plantation, McGregor Downs..... places like that.

[Sugar Magnolia]

LOL, you certainly didn't offend me. I'm not easily offended. But I don't imagine any piece of real estate not appreciating at least somewhat between 5-20 years. So when people say they are looking for something to appreciate quickly, the only thing that comes to mind is someone who is looking to make money in real estate. I mean even if you buy a dump in the ghetto, chances are pretty good, that the property value will rise even if only slightly. Now of course I don't imagine you would consider a property in the ghetto, if in fact you are looking for a good place to raise a family and such, it was just an example.

Mind you I'm not in real estate, we have just been attempting to purchase our first home for over 3 years now and I have done a ton of research and gone to countless seminars. I completely understand that you would want to make a decent return on your house if and when you go to sell it, everyone does (I've been trying to explain to my boyfriend why we need a 3 bedroom house instead of a 2 bedroom even if we don't have kids), but maybe it was just the way you worded fastly appreciating. When I think of fast, I think of someone who would want to buy a house then resell it a year later or less than that simply to make a profit. I guess it just wouldn't be the first criteria I'd have when chosing a place to live that is all. It would be at the bottom of my list as a matter of fact, because there really is no way of knowing what will happen in 20 years and I know that real estate appreciates unless something drastic happens. As a matter of fact, you would probably be safer purchasing a home that appreciates more slowly than one that you could make a huge profit off of in just a few years. But you might want to talk to a professional more about that.

Take care, and good luck.

Originally Posted by linearity

Hi,

Just wanted to clear the air. I had posted this original post about quickly appreciating areas and some people misconstrued my thread to mean that I was simply approaching it from an investment stand-point. My husband adn I have visited Raleigh and adored it. We want to move to NC to be closer to family, the ocean, better schools, etc. and STAY there and raise our family there.

I was only wondering about areas that are appreciating quickly, so that we could invest in a good piece of property, so that when we DO sell (5-20 years from now) to buy another house in teh SAME area (either a bigger house to fit more kids or a townhouse 'cause we're retiring) we can make a decent profit.

That's all.

Sorry if I offended anyone. I really like NC a lot and don't plan to take advantage of it in any way!

Kyra

[bevhath]

I can truly say that the Matthews, mostly Mint Hill area in the Charlotte-metro area is by far the fastest growing and most wonderful place to live. I've been in Real Esate for over 28 years and have never seen a place grow like the Mint Hill area the past 3 years. Think it's mostly attributed to the great schools, lower taxes, good size lots, LOW crime, best insurance rates, all the accesses to I 485 which will carry you around Charlotte so much faster now. I have about 40-50 relo clients an year, personally, and I take the time to show them around, they always end up here. I won't allow my clinets to make "snap" decisions. I want them to see it all before making an informed decision. When anyone says they're moving to either the Raleigh area or Charlotte area, I breathe a sigh of relief. I usually suggest they visit the Raleigh area first, then "come on home". NO comparison!!! Let me know if I can help you in any way!
Beverly Hathcock
TRI-COUNTY, REALTORS
704-846-0880