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Saturday, October 10, 2009

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Con:
To rent your condo you need to either rent it yourself or arrange for a management company to take it over during that period. This will cost you a % of the rent. You may be restricted as to when you can rent the condo and have to abide by the rules of the condo association.
You do take a chance when you rent it that your furnishings or the condo itself could be damaged...
Condo can be affected by area properties and what is happening with them. The above pictured condo is in the central business district and is subject to zoning in that area. It is a prime location but the business zoning may restrict the association from making changes to the property.
You are at the mercy of the HOA board which can act on its own and impose additional assessments and increase the dues for projects they deem necessary.
This is one of the typical property types available for purchase on the beach...
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Monkey Junction Merchant - MODERN CLEANERS
This is my client and friend, Linda of Modern Cleaners. She was one of the 1st people I met when I started my real estate career 9 years ago. She had started and opened her 1st dry cleaners in the Monkey Junction area of Wilmington NC. It is called Monkey Junction since a gas station in the middle of a busy intersection had monkeys in cages to attract people and sales. It was very popular with kids and families who used to stop and pet the monkeys. The name has since stuck although the monkeys are long gone and there is now a Burger King in its place.
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This weekend the big Wilmington Battleship Fireworks will take on Saturday over the Cape Fear River. It is the most glorious 4th celebration with fireworks launched from the battleship and all the folks lined up along the river walk to catch the excitement. There are street vendors with food and drinks all along the streets.
Carolina Beach will have its boardwalk celebration and fireworks Friday July 3. The amusement park will have its rides running so it will be fun for kids and older kids too.
The town of Southport is expecting 40,000 visitors for their 4th of July celebration. They have bands, street festival, craft fairs, bands and all kinds of things to do and see.
Have a great 4th of July Holiday....
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