Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

Tips for Buying a Mountain Home


From the Smoky Mountains to the Uwharries, it’s hard to find anyone in our area who hasn’t vacationed in a mountain home with friends or family at least once.

Living near the beautiful Appalachians, who could blame them? But while buying a second home can be one of the most exciting purchases you’ll ever make, it isn’t quite the same as buying your primary dwelling.

Be sure to consider the following first, whether your perfect mountain top spot is here in the Southeast or elsewhere.

What are your goals?

This seems simple, but don’t make any moves before setting the goals you would like to attain.

Will you be buying this home solely for a second residence (recreation, vacation)? Or is the main goal to purchase property that will appreciate and can be sold for profit? Do you want a home you can easily access, or is only a short drive from your current residence? Would you like a palace fit for a king and queen, or a fixer-upper?

Decide what you are generally interested in and what your goals are before settling on any course of action.

Is this the right time?

Timing really can be everything in the housing market. Do some research on how the market is doing.

Is this a seller’s market or a buyer’s market? In a buyer’s market, experts think buyers are getting better deals than sellers. This can be especially important for those wishing to turn a profit on this home someday.

Take your time. Never rush into a serious purchase, and certainly don’t deal with anyone who is making you feel hurried.

What is included in this purchase?

You’ve heard of location, location, location, but the point to be made here is cost, cost, cost.

Have you considered every expense? Taxes? Water access? Road access? Weather and seasonal issues? Are you prepared for the inevitable power outages or inclement weather any mountain home is sure to run into? Have you checked to see if other property in the area has been increasing in value?

Make sure nothing catches you by surprise, no matter how small.

What’s the word on the street?

Since rural mountain communities tend to be smaller, it’s especially important to get the local scoop when purchasing property. Simply put, there are significantly more environmental and even legal concerns when dealing with rural property.

A local agent will know about inclement weather that is common in an area, or if the local utilities and government are particularly responsive (or not!) to certain obstacles you might face.

Be sure to visit the area and get a good feel for the locals. Are there political or community considerations you might need to think about, especially if you plan to rent?

Are you ready for this natural environment?

Though it might seem obvious when buying a mountain home, don’t forget that you will be purchasing property within, or at least very near to, wildlife and wilderness areas.

Predators such as coyotes, foxes, bobcats, and even black bears are common in nearly every mountain range in the United States, and although they may seem less dangerous, animals like skunks, deer, groundhogs, mice, and bats can cause quite the nuisance if they find a way into (or under) your home.

Your mountain home will no doubt be part of a pristine landscape, and you’ll want to be as respectful and thoroughly educated as possible.

Work with a local mortgage specialist

Trending Topics

Banks That Offer Personal Loans

There are hundreds of banks that offer personal loans, but sometimes choosing a bank that is the right fit you can be difficult. That’s where First Bank comes in. At First Bank, we want to make finding a personal...

Loan for New Roof – Aberdeen, NC

North Carolina experiences all kinds of weather throughout the year. What you may not know is that a lot of extreme North Carolina weather happens in and around the 6.2 square miles that make up the city of Aberdeen....

Banks Near Me

When you are trying to find banks near you, there are many options. With so many choices, it can be hard to be sure you’re choosing the right bank for you. At First Bank, we care about the needs of our customers....

New Business Loan in Jacksonville, NC

First Bank helps businesses get off the ground in Jacksonville, NC with our new business loans and various sets of helping hands. Our new business loans can provide a lump sum of cash for your business to finance...

Small Business Loans for Women – Asheville, NC

Asheville, NC, has plenty of resources available for women entrepreneurs and business owners, making it a great choice for any women looking to start a business. If you’re an aspiring entrepreneur, First Bank offers...

Best Savings Account For Kids

Finding the best savings account for kids doesn’t have to be complicated. Savings accounts can foster good saving and spending habits, and your child will probably enjoy watching their savings grow. First Bank offers...

Apply for a Flexible Small Business Loan in Jacksonville, NC

Forbes named Jacksonville, North Carolina as the #2 location for cost of doing business. Families, retirees, and business owners alike are continuously drawn to Jacksonville, making it one of the best places in NC to start...

Checking and Savings Account – Jacksonville, NC

A checking and savings account can help you balance your budget, accrue interest and save for the future. With our convenient locations in Jacksonville, NC, First Bank can help you get there. We offer five different...

Long-Term Installment Loans

First Bank offers long-term installment loans and other types of lending that help small businesses cover expenses. The government-backed Small Business Association (SBA) helps business owners acquire...

Stress-Free Student Checking Account – Asheville, NC

First Bank’s stress-free student checking account is suited for the hectic lifestyle of a college student. First Bank has many locations around Asheville, NC, to help students easily manage their banking needs....