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Benefits of Purchasing Real Estate in Asheville, North Carolina

January 7, 2020 | Comment

Situated in the Blue Ridge Mountains, Asheville, North Carolina is known for its gorgeous, historic architecture, not to mention its multiple culturally interesting arts districts. With a population of less than 500,000 for the entire metropolitan area, Asheville is the perfect combination of small-town vibes and big-city culture. It’s easy to see why so many people are deciding to purchase real estate Asheville North Carolina. There are many benefits to doing so.

Buying in the Fall Means Less Competition in Asheville

Purchasing real estate at any time of year in Asheville is a good idea, but it is especially easy to do during the autumn months. When the leaves begin to fall, competition for buying homes and other types of properties begins to fall as well. This is considered the off-season in the real estate industry, meaning fewer people are trying to buy. The benefit? You’ll have more room to negotiate with sellers than you would during the prime real estate season. If you intend to look for real estate in the fall, prepare to lowball, creating the ability for you to negotiate more aggressively and, hopefully, get a better deal on the place you fall in love with.

Asheville’s Historic Homes Are Unique to the Area

Many of the homes in Asheville, North Carolina were built before the start of World War I. The premium-grade wood and other materials are often of a much higher quality than what you would find if you were to buy a more recent home or ask a contract company to build one to your specifications. The city’s historic homes often feature rare hardwoods and other gems. Look for historic neighborhoods with homes made from wood sourced from old-growth forests, such as heart pine. Other gems you might find include handmade opalescent glass and copper details.

Homes in Asheville Are in Diverse Communities

One of the best things about the five communities that make up the Asheville Metropolitan Area is the diversity. If you want to live in and raise your family in an area where you will get to know people from all cultures and walks of life, purchasing a home in the area will help you do it. There is still an element of southern hospitality that people who live in North Carolina have come to expect, but there is also a melting pot that is evident in the community’s art districts, restaurants, entertainment venues, and festivals and other events. Regardless of where your interests lie, you’ll likely find much to love about living in Asheville.

Buying a Home in Asheville Could Bring Tax Breaks

Depending on which neighborhood you’re interested in, buying a home in Asheville could mean that you save big money come tax time. If you decide to purchase a historic home, you might have the option of taking advantage of the historic rehabilitation tax credit program. The program provides incentives to people who rehabilitate the area’s historic properties. There is also a federal tax credit of up to 20% for some of the city’s historic properties. Even if you don’t decide to buy a historic home, you may see tax breaks for property taxes or mortgage interests.

The Weather Is Better in Asheville, North Carolina

Who wouldn’t want to live where the weather is practically always nice? You’ll find milder weather in Asheville than you will in most of the rest of the state, and of course, the south is best if you’re someone who loves warmth and prefers to rarely see snow. The close proximity to the mountains and higher altitude means the weather is often cooler during the summer. You’ll be more comfortable and might even save money on energy bills compared to if you lived in other parts of North Carolina.

The Area Is a Haven for Outdoor Enthusiasts

Because the city is so close to the Blue Ridge Mountains, it’s the perfect place for an outdoors enthusiast to call home. From hiking and bicycling to riding horseback through the mountain trails or camping, there is much to do in the mountains. If you prefer the water, don’t worry. The shores of the Atlantic Ocean are just a day trip away, or if you prefer, you can head to Lake Norman or the U.S. National Whitewater Center.

Regardless of which neighborhood you want to move to in Asheville, North Carolina, and whether you want to purchase real estate in the fall or the spring, one thing is certain: it’s important to work with a reputable real estate broker. Look for an individual or a company that has local experience and knows the area well. In addition, seek out someone who is experienced and has a strong list of clients who recommend his or her work. By knowing exactly what you want and working with the best real estate agent you can find, you are sure to find your new property in Asheville.

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