Top 10 Things to Know About Charleston Real Estate
Charleston, oh how we love thee! This historic port city, established in 1670, is a city of charm and enchantment boasting cobblestone streets, gas-lit lanterns, and stunning pastel antebellum architecture. This allure is particularly evident in our favorite boroughs of the refined French Quarter and Harleston Village. And the stunning water views that surround the area can’t be beat. We’re sure you’ll love the area as much as we do, as there is simply something for everyone, whether you enjoy outdoor pursuits like kayaking and surfing, culinary experiences, shopping, or cultural happenings. And when you’re ready to call the Holy City home, give us a call! That being said, there are some things you need to know about buying Real Estate in Charleston.
Flooding and hurricanes are a thing and most lenders require flood insurance. It’s also important to check the flood elevation and local flooding situation come high tide, king tide, or the next hurricane.
The market is competitive with the Average Median Home Price hovering in the mid 400’s. Good properties move, Great properties move fast, and Excellent properties move before they have time to hit the market.
The city has a wide variety of diverse neighborhoods, and no 2 are alike. Thus, we think it is extremely important to figure out what vibe your going for, because as they say your vibe attracts your tribe.
Commutes are no joke, so make sure to time that commute.
Termites are also no joke, and we have them here in the Lowcountry, so buyer beware!
Property taxes absolutely favorite locals, and thus if you are purchasing a non-primary residence be sure to factor in the additional costs.
Local ordinances are a plenty, and whether it be HOA covenants & restrictions, historic preservation board rules, short-term rental regulations or any other of the billion rules and legalities it is essential to work with a real estate agent who can assist in navigating the local landscape.
Oh and you won’t find basements, lots of acreage, or lots of parking, but on the other hand, you will find side porches, slanted homes, and narrow properties.
Have we got your attention? Let’s connect to get you started on your home search!