SINCE our inception, Asheville Realty Group has had a major stake in the market for vacation rentals in Asheville. We have been involved as the local Asheville short-term rental ordinances evolved over the years – sometimes moving toward a more laissez faire approach, and sometimes pulling back to tighten up restrictions. Keeping up with the changes has been vital to our clients, and therefore vital to us!
There are so many variables to consider when one purchases a property with the intention to use it as a vacation rental. Is it strictly an investment, or will you be staying there as well? Will you stay in it while renting a portion of it? Do you intend to eventually move in to live full time?
What about managing and marketing it? Will you need to hire someone or can you do it yourself? These are all questions the local experts at Asheville Realty Group can help you answer!
SINCE we are located in the heart of downtown Asheville, we get many visitors from other areas who come to our office. Many of them want a second home or a place to retire in a few years. In the meantime, they wonder, are there opportunities to earn some money renting out a property they purchase in Asheville?
What are the types of Short-term Rental?
The answer totally depends on what type of home you purchase, where it’s located, and what type of rental you’re planning on. For example, within the city of Asheville, if you are planning to live in the home and only rent out a room or two, that would be considered a “homestay”, and is fairly easy to pull off, providing you have a permit. Downtown condos located in the central business district are allowed to be short-term rentals (entire unit, less than 30 days) – if the condo restrictions allow it, and if the unit is specially permitted as a short term rental.
Single family homes within the city limits of Asheville are generally not allowed to be short-term vacation rentals, unless they are in what is considered “resort zoning” – a very limited area. In areas outside of Asheville city limits, in Buncombe County, short term vacation rentals may be allowed if you don’t live in a subdivision with deed restrictions, and if they meet certain criteria – especially if you plan on renting more than 2 housing units.
Navigating this Market
Sound a little complex? We admit, it is. But it can also be a very wise and lucrative investment if done right. And it’s a great way to get your plans in place now, for your retirement later. We will be happy to help you find answers to your questions. We have a network of professionals who can help with financing, rules, property management and everything else you need to know.
About Asheville Realty Group
Asheville Realty Group is a boutique brokerage firm offering full-service real estate services. We have locally experienced agents who specialize in residential homes, luxury homes, investment properties, country-side acreage and everything in between. We love Asheville and the surrounding western North Carolina mountain communities that we call home!
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