Nantucket home vacation market

Nantucket home vacation market

Many people are purchasing vacation homes in Nantucket and it’s easy to see why it’s a leading destination for such investments. First of all, the island has a great environment, suitable for people who want to keep away from the bustle of the city.

Secondly, the prices of vacation homes are more buyer-friendly at the moment compared to the prices in 2021. As a real estate investor, now is the best time to venture into Nantucket’s property scene. If you’re interested in the market insights, you’re in the right place. We’ll take you through what you need to know about this island’s home vacation market.

Living on an island

When thinking about getting a home in Nantucket, you have to remember that it’s an island. It’s only 30 miles off Cape Cod, but it’s still remote, and access is either by sea or air. Commuting via ferry or plane may seem fun and adventurous for the first few days, but it may become tiresome very quickly for some.

Also, you have to consider the added cost of getting supplies in from the mainland. The remoteness can make deliveries pretty slow and pricey.

Far from the downsides of having property on an island, you’ll enjoy the weather, the ocean’s scenic view and the beaches. It’s a sound move to choose Nantucket as your vacation or retirement destination. You could have a primary property in Nantucket if you work on the island or don’t mind commuting to and from the mainland.

Which neighbourhood to live in?

Once you’ve decided on having a house in Nantucket, next you’ll determine in which neighbourhoods to search for property. For the most part, the island has a quiet and calm ambiance; in the town centre you’ll find historical buildings preserved to maintain the traditional essence of Nantucket.

The good thing about being based in the town centre is the proximity to amenities; most facilities are within easy reach.

Brant Point is an excellent neighbourhood to consider. Its main attractions are the many lighthouses and attractive beaches. Green lawns or waterfront porches punctuate many of the residences. The safe, peaceful atmosphere makes it ideal if you’re looking for a retirement home.

Other districts to look for a vacation home include Cisco, Dionis, Madaket and Miacomet. Consider issues that may be important to you in your search such as accessibility, transport links, local schools and more.

Return on investment

Many property investors consider the potential return on investment when purchasing real estate. A vacation home can be considered like an investment that you can sell in the future for a profit. Alternatively, you can rent out the property when you are not in town.

Nantucket is constantly growing and developing, and experts praise its active real estate scene. The prices are steady, with demand being high. It means you will not have a hard time entering or exiting this island’s property market.

Keep in mind the matter of taxation to have a clear and realistic picture of the market. Property owners pay 2% of their property price as a transfer fee to the Land Bank. As a first-time homeowner in Nantucket, you are exempt from paying this tax for the first $850,000.

Rules and regulations

Nantucket has strict regulations governing home ownership and construction. Your vacation home should stick to these rules to avoid problems with the local authorities. Find out about the colour codes and construction style before breaking ground or buying a house.

Summary

Nantucket is gradually taking its place as a top real estate investment hub. The vacation house market is one of the most lucrative, seeing that Nantucket is a leading tourism destination. The beautiful oceanic view, relaxed beaches and unique culture are among the things that attract visitors and incomers to the island.

[disclosure*]

Have you been dreaming of your dream home for a dream price? Here’s how to make it a reality

Have you been dreaming of your dream home for a dream price? Here’s how to make it a realitycredit

Because a home is the starting point of love, ambition and dreams, finding and living in the ideal home is critical to establishing a successful life. Building your dream home, on the other hand, isn’t a simple task. Construction of your dream home, or the construction of a house you want to rent out for a profit in the future, may be quite expensive, which is why so many people don’t even consider this as a viable alternative.

It’s considerably more convenient to look at all of the available properties. A fortress designed specifically for you and your requirements and ambitions, however, doesn’t imply that you must pay more than is absolutely necessary.

So here it is; a list of strategies for staying within your financial means without sacrificing your aspirations or earning capacity.

Icon of a construction workercredit

Borrow a builder

When it comes to realising your dream home aspirations, hiring a custom home builder is your best bet because they’ll be able to keep expenses as low as possible while still providing the quality you need. They’ll have established ties with contractors, suppliers and perhaps even architects in the field. They’ll be able to advise you on the most cost-effective materials to utilise. They’ll be aware of situations in which they can employ an alternative and those in which no sacrifices should be made. They’ll have gained valuable money management knowledge and will be able to help you achieve your goals.

Icon of a building plotcredit

Look at lots of lots

When it comes to building your ideal home, the greatest outlay will probably be the purchase of a suitable plot of land. Saying that, lots are often affordable. It’s undeveloped land, and no one is planning to develop it further. However, you can save money by purchasing a somewhat larger parcel of land that you could fit a couple of houses on and combining your efforts with a family member, friend or business partner to save money. This will make the land you purchase significantly more economical, as well as significantly more affordable. Just make sure you get along with the individual you’ll be sharing a house with in the near future.

Icon of affordable landcredit

Pick a problem lot

Lots are graded and many of them are classified as unsuitable for construction, resulting in them selling for much, much less than they were originally worth. These are the properties that are located on hillsides, are narrow or are regarded as being in-fill properties. However, as we all know, life is about doing the best you can with the cards you’re dealt; it’s about compromise and being wise. Request an inspection of one of these unappealing lots by an experienced contractor and see what magic they think they can work to transform this unpromising location into your dream home.

Icon of house built with brickscredit

More about materials

If you know what you’re looking for in building supplies, you can save a lot of money on your purchases. Metal roofs may be more expensive to install, but they’re less expensive to buy and will last for a longer period of time. Glass is also relatively inexpensive, and it has a modern, contemporary appearance. So, choose from the many reasonably priced and aesthetically pleasing materials available.

Icon of a recycling centrecredit

Look for junk in the trunk

Salvaged wooden flooring, reclaimed bricks, second-hand doors and rescued fire surrounds are all excellent options for adding character to your home without having to spend a significant amount in the process of doing so. After all, it will be the little things like these that will make your home more aesthetically beautiful. Now is the time to hit the reclamation yards, recycling centres and skips to see what kind of hidden gems you can unearth.

[disclosure*]

3 sustainable construction trends

3 sustainable construction trends

Sustainable building practices are becoming more important than ever before. With the heightened awareness of climate change and pollution, many more people are looking for more sustainable construction methods, whether for their own homes or public services like roads.

Thankfully, with the abundance of emerging technologies and a better understanding of what makes buildings greener, there are many promising trends in the world of sustainable construction. Here are some of the best emerging green building trends for 2021 and the new year.

Recycle icon

Using biodegradable, recycled, recyclable and renewable materials

This is perhaps one of the most important innovations for building design and construction that has been made in recent years. The entire premise of sustainable construction hinges on the idea of reducing the impact of building on the environment. This can mean using less harmful materials or more energy-efficient practices.

Ultimately, ensuring that as many materials as possible either come from a sustainable source or can be disposed of safely is one of the most effective ways of reducing the environmental toll of construction. Many people are now choosing to use natural paints, recycled steel, clay bricks and wood to create new buildings.

Net zero energy building illustrationcredit

Zero energy and zero water buildings

Many people are now trying to ensure that their buildings are as close to self-sufficient as possible. This might mean using energy production methods like solar panels, wind turbines, fuel cells and bio-fuels to provide electricity to buildings. These sustainable power sources are making buildings with net-zero energy consumption a reality.

Similarly, there’s a growing trend towards net-zero water usage in construction at present. Buildings that are built for this purpose use water consumption management systems to reduce wastage where possible. Additionally, buildings are now being created with strategies to capture rainwater, waterless toilets, grey-water recycling and on-site sewage treatment to reduce water usage. Find out the comparison between both here.

Retrofitted building illustrationcredit

Retrofitting outdated solutions

One trend in construction that doesn’t apply solely to new builds is the growing popularity of green retrofits in older homes. Many companies like Arup now offer services to help people create new and sustainable building designs. However, these building designs can also be used to retrofit older buildings where green construction techniques were not considered.

This is an exciting facet of sustainable construction, as for most people, the idea of building an entirely new property using green techniques is unattainable. However, since sustainable retrofits are growing in popularity, anyone can renovate their home using environmentally friendly practices and materials.

Illustration of a house with a green roofcredit

Conclusion

In summary, these are three of the biggest trends in sustainable design and construction that started to emerge this year. With the constant pressure to develop greener practices and regular innovations regarding building materials, sustainable construction seems set to increase in popularity at the end of the year and into 2022 and beyond. There’s still a long way to go to reduce humanity’s impact on the planet. Still, the emergence of greener and more sustainable construction practices is an encouraging sign of adaptation to the changing climate and weather conditions.

[disclosure*]

9 things to consider when building your dream home

9 things to consider when building your dream home

Close your eyes and imagine your dream home… looks good, doesn’t it? Everyone has a picture-perfect image of what their ideal house looks like. However, few people have the blueprint of how to create their dream home.

If you’re finally ready to start building your dream home, here’s what you should consider…

Self-build project

Budget

Before you even begin to think about your dream home, think about your budget. It’s easy to get carried away when planning properties, so stick to designs that are within your financial reach before you get your hopes up.

Illustration of Google location map

Location

You’ve probably heard this countless times, but it cannot be stressed enough, location is one of the most important factors you can look at when purchasing a property. If you’re not sure where to start, why not take a look at land for sale werribee?

Illustration of house blueprints

Planning permission

Before you begin building your dream home, you’ll need to make sure you can secure all of the necessary planning permissions. Make sure to factor these into your budget as the cost of application will vary in accordance with your development.

Lakeside house

Terrain

Another important consideration when building a home is the terrain of the plot. For example, if your plot of land has a large slope, you’ll need to level this out before you can begin constructing your dream home.

Sunlight coming through window

Sun aspect

Before deciding on the layout of your home, think about the direction of the sun throughout the day. If you want as much natural light as possible, ensure your main living areas are positioned with a north-facing aspect.

Architect outside a house while holding rolled up plans inder his arm

Architecture

It’s all fun and games designing your dream home, but you’ll need an architect to make sure it’s a feasible build. It’s easy to get carried away when designing and creating your dream home. You can still recreate your vision, just get a professional to work out all of the nuances. If not, you risk making some very expensive mistakes.

Builder holding a hard hat

Contractor

Without a reliable contractor, you won’t get very far. The best way to find someone is by asking friends and family for recommendations. Find someone that can give you a good price but most importantly someone that can deliver the project on time and within your budget

Solar panels on a roof

Energy efficiency

Since you’ll be building your home from scratch, it makes sense to create an energy-efficient home from the outset. Think about insulated windows, doors and roof, solar panels and eco-friendly appliances.

CAD drawing of modern house

Climate

Think about the climate of your location whilst you design the features of your home. If it gets a lot of good weather, create spaces that combine indoor and outdoor living. If your area experiences harsh winter months, consider installing a gable roof.

All in all, the most important thing you can do whilst designing and building your dream home is enjoy the process. Construction can be stressful, however, it’s important to focus on the end goal – your dream property. This is the house that you’ll make lifelong memories in and cherish forever.

[disclosure*]