Do We Love Fesitvals? | 33 Years Of Riverfest | Wilmington NC real estate

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Riverfest logo 2011 from www.wilmingtonriverfest.com

The first Riverfest was October 1979.  A group of Wilmingtonian’s who were interested in the arts and wanted to resurrect the feeling of community in Downtown Wilmington brainstormed on how to bring back the alive nature of the downtown riverfront.  The area had become in disrepair and not family friendly.  The beautiful old buildings and the setting on the Cape Fear River deserved something better than the current conditions in the 1970’s.  The group of 40 volunteers put together the first Riverfest  with a budget of $5,500 (all donations).  This would be a free festival and would include trolley rides, 4 concessions and fireworks.  It was a huge success, thereby starting the tradition of holding the Riverfest every year since then on the first week of October.  This years festivities have grown even larger than past celebrations.

According to the Riverfest 2011 Reflections website ”

Over thirty years later Riverfest consists of: Twenty plus committees, over 300 volunteers, a budget of $90,000, over 200 craft vendors, 35 concessions booths, entertainment on various stages, Saturday night fireworks, Run the River 8K, the Great Wine Waiter’s Race, A Children’s Area, and more than 6 sporting events with contests for all ages. The end result is a half mile of free family entertainment, dependant on sponsorships and donations from community businesses and organizations. The economic impact on Riverfest on the surrounding community has been estimated at over three million dollars with attendance in excess of 100,000 per year.

As delightful as the festival outcome is, the end result is awarding of scholarships for marine related studies at Cape Fear Community College. The ultimate goal of Riverfest is to increase the amount of scholarship funds each year to Cape Fear Community College.”

It is wonderful to see such a great event in the fall in Wilmington NC.  The arts, cultural scene, music scene and the picturesque background of the city, is something not all cities can boast about.  Please join us in celebrating this years Riverfest ~ Reflections on the River October 7th – 9th.  For all the highlights and schedules please visit  www.wilmingtonriverfest.com

If you see any historic homes or any neighborhoods  that catch your interest, give us a call and we can show you the homes available in the area.  Feel free to visit http://www.cbbaker.com or text 14059 to 44133 to view listings on your phone.  Above all, welcome to our town and may you feel the Southern Hospitality all weekend.  Enjoy.

 

 

Categories: Riverfest 2011, wilmington nc, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach NC

The Rental Market Is Hot | Become an investor at the right time | Wilmington NC real estate

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5 Basics for Building Wealth

Through Investing in Rental  Property

There are some people that have decided to rent instead of purchase until they find exactly the right house and price for them.  The flip side of this coin is that there are renters out looking.  There are homes and investor properties that are priced right, that could produce a positive cash flow.  If you have been thinking about becoming an investor, now might be the time. 

With a relatively modest amount of capital and income, you can profit from real estate investing – once you recognize the chief elements of the rental-property marketplace: Blueprints

  • Taxes may be inevitable, but they are also controllable. In rental properties, you currently benefit from cash deductions for financing, management and operating costs as well as non-cash deductions for depreciation. You also benefit from possible lower long-term capital gains tax rates or tax deferral.
  • Leverage involves multiplying your profits by financing as much of your investment as possible and reducing your down payment, thereby limiting the amount of cash tied up and increasing your tax deductions.
  • “Positive cash flow” means income either before or after taxes. A savvy investor knows how to turn “negative cash flow” into positive, by maximizing rent through various strategies and through depreciation deductions.
  • Appreciation, the result of selling at a higher price than you bought, appears to be a trend that shows no signs of abating. In investing, the important thing is to choose property in a location where prices are rising more than in other areas.
  • Equity, the difference between the property value and the remaining loan balance, brings a profit either through refinancing or sale. Timing is a key consideration in maximizing equity profits, since the longer you own property, the fewer tax breaks available to you.

If you’re thinking about investing in your future through real estate, call or e-mail us for professional assistance in finding the right property for your situation.  Please feel free to visit www.cbbaker.com.  You can view properties by price, neighborhood, map and zip code.  If you have a question, do not hesitate to contact us.

Categories: Investment Property Wilmington NC, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach NC

Ground Breaking for 9/11/01 Memorial |Wilmington NC | World Trade Center Artifacts

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Last year we wrote about a piece of the World Trade Center Artifact coming to Wilmington.  Tomorrow there will be a ground breaking ceremony for the Firefighters Memorial using the piece of steel.    Donations accepted to make this memorial a reality.
From the https://wfdfirefightersmemorial.org/ webpage:

9/11/2012
11:00am @ Future Memorial Site
WFD Station #2 Empie Park
3403 Park Ave

When a man becomes a fireman his greatest act of bravery has been accomplished.
What he does after that is all in the line of work.
~Edward F. Croker

June 2010

A piece of American History arrived in Wilmington NC today.  Two Steel beams that collapsed in the September 11 attacks were picked up by Wilmington firefighters and escorted to Wilmington.  One of the beams will be placed at the new Empie Park fire station and the other will be placed at the safety training area at Cape Fear Community College.  The ceremony was attended by those who September 11 had touched personally and by active firefighters who were working at the site.  Memorial Gardens and reflecting ponds are going to be erected to surround the beams.  They will be kept in storage unit the gardens are completed, then moved to their final resting place.

Categories: Wilmington NC Neighborhoods, wilmington nc real estate, Wrightsville Beach NC

9/11 2011 We Remember Memorial Services Wilmington NC

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jimrlong.us

September 11, 2001 will stay in our minds and hearts forever.  We have not forgotten.  Take time this weekend to reflect on the 10 year anniversary, either quietly by yourself or with others in your community.   Reach out to those that were directly affected by the events.  Keep in your thoughts the first responders who help keep us safe, and the service men and women who are continuing to fight to keep our freedom.  If you would like to know where events are in our area these are some of the memorial services in Wilmington NC on Saturday September 11, 2011 to recognize the 10th anniversary of 9/11/01.

 

9/11 “We Remember” Commemorative Service

 Sun, September 11th 2011 – Candlelight Vigil    7 pm – 8pm
Wilmington Convention Center

 

9/11 Memorial  Service

– Cape Fear Community College – \ Safety Training Center at the North Campus in Castle Hayne beginning at 8:30 a.m

http://cfcc.edu/blogs/news/

 

9/11 Rememberance Ceremony

UNCW Kenan Auditorium – 6: 00 pm – Mayor Bill Saffo and other speakers.  Music by UNCW Dept. of Music

Theater Performance: Remembrance Monologues, 7:30 p.m., Kenan Auditorium

 

9/11 10th Anniversary Memorial Sunday

9 a.m. near the POW Memorial at 30 Government Center Dr., Bolivia

 

9/11 Memorial Cruise

Wilmington Water Tours – Downtown Wilmington (910)338-3134

1:30pm – Live music featuring Lindsay Bennet and a complimentary toast to remember those we have lost.

4:00pm – Live music featuring Jamie Michelle and a memorial Wreath laying to Honor those we have lost.

 

Pray for peace.

 

Categories: 9/11 memorial service, 9/11 wilmington nc, Uncategorized, wilmington nc convention center, wilmington nc real estate

To Fix or Not To Fix | 6 Staging Tips that are Worth it

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The survey is in and there are some low cost renovations that you can do to your home that will bring you more money back at the closing table.  Before you start,  go around your house and your yard and take pictures that you think would look good when the house is listed.  Take a good look at these pictures and you can pick out the things that need to be changed.  Like they say: a picture is worth a 1000 words.  You will see things that you walk by everyday and do not even catch your eye…. but they will catch a potential buyers eye.  The results are interesting and can help you prepare your home for sale.  We can help you with each of these steps.

The marketing company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.

  1. Cleaning and decluttering.Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean.
    • $290 Cost
    • $1,990 Return
  2. Brightening.Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows.
    • $375 Cost
    •  $1,550 Return
  3. Smart staging.Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background.
    • $550 Cost
    • $2,194 Return
  4. Landscaping enhancements.Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured.
    • $540 Cost
    • $1,932 return
  5. Repairing electrical or plumbing.Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures.
    • $535 Cost
    • $1,505 Return
  6. Replacing or shampooing dirty carpets.Steam-clean carpets, replace any worn carpets, and repair any floor creaks.
    • $647 Cost
    • $1,739 Return

Realtor Magazine : Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.

Let us know if you would like help getting your home ready for the market.  That is our expertise and we love “before and after” photos!  www.cbbaker.com for all your Wilmington NC real estate needs.

Categories: Showcasing your home, staging a home, Uncategorized, wilmington nc real estate, wilmington nc weekly events, worlds largest christmas tree, Wrightsville Beach NC


Kay Baker | 1001 Military Cutoff Rd. | Ste 101 Wilmington, NC 28405 | kaybaker@seacoastrealty.com | 910-232-0363 | Fax: 910-256-0473

Copyright © 2014 Wilmington NC Real Estate Guide. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.