Regina Drury Real Estate Group Blog Page

Here you will find the latest blogs that we have written. You'll find useful information like how to buy a house with 100% financing, what the typical closing cost are when you sell your home, and informational blogs like how to prepare for an upcoming hurricane. 

We also created Blog Categories to make it easier for you to browse, click on one and get informed!

 

Nov. 29, 2022

Christmas 2022 Events and Activities in the Wilmington Area and Neighboring Places

Where To Go And What To Do In The Wilmington Area and Nearby This Christmas 2022

The most wonderful time of the year is here! Many are busy with their house decorations and starting already their shopping for gifts. Other than that, there are plenty of events and activities you and your family can go and do this 2022 in Wilmington NC and neighboring places.

December 1

All is Bright at Poplar Grove

Venue: Poplar Grove Plantation, 10200 US Highway 17 North, Wilmington, NC 28411

Spend time with your loved ones strolling around the illuminated grounds of Poplar Grove presented by Patriot Illumination during December 1-3, 8-10, 15-17, 21-23,and 28-30.

  • 5:00PM-9:00PM
  • Friday evening visits with Mr. Twister, the infamous Balloon Maker Extraordinaire
  • Saturday evening visits with Santa from 6:00PM-8:00PM
  • Adults $10 (Ages 16+); Children $5 (Under 15); Family Package $25 (2 Adults/2 Children), plus taxes.
  • For ticket bookings and more info, click here.

December 2

Island of Lights Christmas Parade

Route: Atlanta Ave-down Lake Park Blvd to the Federal Point Plaza in Carolina Beach

Enjoy the floats and bands. Way and smile to Santa.

  • Begins at 7:30PM
  • FREE to spectators.
  • For more details, read here.

Spirit of the Holiday Cruise

Cruise along the historic Wilmington Riverwalk by the Wilmington Water Tours in 212 S Water St.

Relax and unwind as you listen to holiday songs while sampling small appetizers and yuletide cocktails while enjoying the sights of colorful lights on December 2-3, 16-18 and 30.

  • 5:30PM-6:30PM
  • Adults: $25 | Kids(Age 4-12): $15 | Under 3 years: Free
  • For tickets, book here. For inquiries, call (910) 338-3134.

The Holiday Flea at the BAC

Venue: Brooklyn Arts Center + The Annex in 516 N Fourth St., Wilmington, NC 28401

Shop for vintage, retro, upcycled and antique finds during this three-day holiday flea.

  • Fri: 4:00 PM-8:00 PM | Sat:10:00 AM-5:00 PM | Sun: 12:00 PM-5:00 PM
  • $10 for all three days | Kids 12 and under are free
  • For more info, visit here or call (910) 616-9882

The Nutcracker: NY Ballet for Young Audiences

Venue: Thalian Hall Center for Performing Arts at 310 Chestnut St. Wilmington, NC 28401

Have a wonderful holiday experience with the classic Tchaikovsky ballet in the magical journey of Clara and the Nutcracker Prince on December 2-3. 

  • Fri: 4:00 PM & 7:00 PM | Sat: 10:00 AM
  • Tickets: $35  
  • Choreographed by Hariett Kinter and Edwin Kinter
  • For more info, visit here or call (910) 632-2285

The Polar Express Movie in the Park

Venue: Wrightsville Beach Parks & Recreation along 321 Causeway Drive, NC 28480

Sit back, relax and have some outdoor fun with a holiday movie about an adventure ride  to the North Pole in The Polar Express. Don't forget to bring your chairs, blankets, picnic and enjoy the treat with your family. 

  • 6:30 PM 
  • Concessions will be available for purchase
  • For more info, visit here or call (910) 256-7925

December 3

Carolina Beach Holiday Market 

Venue: Carolina Beach Lake Park along Atlanta Ave and Lake Park Blvd

Complete your Christmas shopping list with the market vendors wide array of amazing holiday gifts, from handmade arts and crafts to baked goods and everything nice on December 3.

  • Opens at 9:00 AM - 3:00 PM | Free entrance
  • Meet Santa and Mrs. Clause between 11:00 AM - 1:00 PM
  • For more info, visit here.

Christmas by the Sea

Venue: Carolina Beach Avenue S & Harper Avenue

Witness the Town of Carolina Beach transform into an island of lights in shining, shimmering splendor as you stroll along the Boardwalk and Gazebo in its holiday glow with special happenings on December 3, 10 and 17.

  • 5:00 PM | Free for Spectators
  • Lights best viewed after dark until the New Year
  • For more details call (910) 458-2977

Holiday Train Expo

Venue: Dillards Wing of Independence Mall at 3500 Oleander Drive, Wilmington, NC 28403

Visit the enchanting Holiday Train Expo's tradition of spectacular displays of twelve unique model train layouts with trains travelling through a wonderland of villages, parks and landscapes every Saturday and Sunday of December (3&4, 10&11, 17&18, 27&28, 29&30).

  • Starts at 12:00 PM until 5:00 PM
  • Adults: $7 | Children (Ages3-12): $5 | Children under 3: FREE
  • Presented by the Cape Fear Model Railroad Society

Island of Lights Christmas Flotilla

Venue: Carolina Beach Boat Basin to Snow's Cut

Watch the sparkling fishing boats and water crafts covered with thousand of lights cruising along the Intracoastal Waterway on December 3.

  • 6:00 PM
  • FREE for spectators
  • For more info, visit here or call (910) 386-8081

Art of Illumination 

Venue: Cameron Art Museum located at 3201 S 17th St Wilmington, NC 28412

Feast in the artistry and light of the traditional lantern festival on its 8th year. Thirty-six artist-made lighted sculptures will be on display in Studio 1 starting December 3 until January 15, 2023.

  • Tues-Sun: 10:00AM - 5:00PM | Thurs: Open late until 9:00PM
  • Closed on Mondays, Thanksgiving Day, Christmas Day and New Year's Day
  • For more info, visit here, or call (910)395-5999

December 8

A Very Merry Christmas by Brian Whitted

Venue: Brooklyn Arts Center + The Annex at 6835 Conservation Way, Wilmington, NC 28405

Enjoy your favorite holiday music with Brian Whitted and special performances by talented vocals and a feature of a seven piece orchestra on December 8 - 11.

  • Thur, Fri, Sat Evening: 7:00PM | Sat & Sun Matinee: 3:00PM
  • Tickets begin: $80
  • Presented by Opera House Theatre Company
  • For more details, visit here, or call (910) 859-4615

Jacob Marley's Christmas Carol

Venue: Thalian Hall Center for Performing Arts at 310 Chestnut St, Wilmington, NC 28401

Laugh your heart out on the modern twist of a funny yet deeply moving story of a Holiday Classic that opens "Marley was dead, to begin with..." starting December 8 until the 18th.

  • Every Evening: 7:30PM | Sunday Matinee: 3:00PM
  • Tickets: $35
  • Presented by: Big Dawg Productions
  • For more info, visit here or call (910) 632-2285

December 10

Colonial Christmas Open House & Craft Market

Venue: Burgwin-Wright House and Gardens at 224 Market St, Wilmington, NC 28401

Visit the annual 1700's Colonial Christmas tradition and enjoy the festive house viewing and shopping at the garden market featuring 18th century crafts, with local authors, artists and more on December 10. 

  • Market: Opens 9:00AM until 2:00PM
  • Open House festivities start from 5:00 PM until 9:00 PM
  • Free Admission | Donations are appreciated
  • For more details, visit here or call (910) 762-0570

Jingle on the Beach

Venue: 321 Causeway Drive, Wrightsville Beach Park

Start a great morning with a holiday cheer, on the beach, with family, friends and a Beachy Santa. Enjoy the youth performances and get a glimpse of the beautiful Azalea Festival Princess on December 10.

  • 10:00AM until 12:00PM
  • Advance Tickets Adult: $5 | Children: $15 
  • On the Day Event Tickets Adult: $5 | Children: $20
  • All children must be accompanied by a paying adult
  • For more info, visit here or call (910) 794-4650

Old Wilmington by Candlelight Tour

Venue: 126 South Third St, Wilmington, NC 28401

Join the 50th Anniversary of the Candlelight Walking Tour located in Historic Downtown Wilmington and delight in a unique holiday experience on December 10 and 11.

  • Saturday: 4:00PM - 8:00PM | Sunday: 1:00PM - 5:00PM
  • Tickets: $50
  • Presented by: Latimer House Museum
  • For more Tour Sites info, visit here or call (910) 762-0492 

December 11

18th Century Christmas

Venue: Brunswick Town/Fort Anderson at 8884 St Philips Road SE, Winnabow, NC 28479

Explore how the American colonists celebrated Christmas at Brunswick Town/Fort Anderson State Historic Site and look into the guided tours and candlelit service in the ruins of St. Philips Anglican Church on December 11.

  • 1:00PM - 5:30PM
  • Per Car at gate: $5 (Cash preferred)
  • For more details, visit here or call (910) 371-6613

Holiday Pops Concert: NC Symphony

Venue: The Wilson Center at 701 N Third St, Wilmington, NC 28401

Celebrate the holiday spirit with the musical sounds and carols of the Christmas season and sing-along with the North Carolina Symphony on the night of December 11.

  • Matinee: 3:00PM | Evening: 7:30PM (Doors open earlier)
  • Tickets begin: $20
  • For more info, visit here, or call (910) 362-7999

Wilmington Holiday Parade

Parade Starts at North Front Street from Walnut to Church Streets, Historic Downtown, Wilmington

Get on your feet and join the holiday cheer of the annual Christmas Parade and celebrate with marching bands, floats, entertainers and the all time favorite Santa Claus on December 11. 

  • 6:00PM - 9:00PM
  • Free for spectators
  • For more details, call (910) 772-4177

December 15

A Magical Cirque Christmas

The Wilson Center at 703 N Third St, Wilmington, NC 28401

Be enchanted with dazzling performers and breathtaking performance with live musicians in a magical Christmas evening on December 15.

  • Matinee: 3:30PM | Evening: 7:30PM (Doors open earlier)
  • Tickets begin: $39 | Ticket Hours: Monday-Friday 2:00PM-6:00PM
  • For more info, visit here or call (910) 362-7999

December 16

Caroling by "REINDEER" Drawn Carriage or Trolley

Market & Water Streets Wilmington, NC 28401

Join the fun and sing Christmas carols with Santa while roaming around the historic downtown of old Wilmington on a Christmas carriage pulled by special "reindeer" on December 16. 

  • 6:00PM -10:00PM
  • Adults: $14 | Children Under12: $6 
  • Free Candy Canes for Children
  • For more info, visit here, or call (910) 251-8889

Hark! The Herald Angels Swing

Venue: Blockade Runner Beach Resort at 275 Waynick Blvd, Wrightsville Beach, NC 28480

Savor a sumptuous meal and a show-stopping showcase of a Christmas Cabaret and Dinner Show with the yuletide music starting on December 16 until Dec 18.

  • Fri-Sat: Cocktails at 6:30PM | Dinner Show 7:00PM | Sun: Matinee Brunch at 12:00PM
  • Tickets: $45 
  • Reservations required | Christmas Cabaret reservations: 844-676-0554
  • For more info, visit here, or call (910) 256-2251

Kure Beach Holiday Whoobie Whatty

Venue: Kure Beach Ocean Front Park & Pavilion at 105 Atlantic Ave, Kure Beach, NC 28449

Come in your best Whoville attire in this Grinch-themed outdoor holiday event.

  • 5:30PM-7:30PM
  • FREE event to attend | Refreshments are available for purchase
  • For more info, read here.

December 17

Winter Wanderland

Venue: Children's Museum of Wilmington at 116 Orange Street, Wilmington, NC 28401

Learn about how other cultures celebrate the Christmas holidays and there are fun activities for the kids to join.

  • 9:00AM-12:00PM
  • $10 for General Admission
  • For tickets, book here or call (910) 254-3534

December 18

75th Anniversary Christmas Showing: It's a Wonderful Life

Venue: Mayfair Town Center at 900 Town Center Drive, Wilmington, NC 28405

Relived a Christmas Classic with this special showing only on December 18 Sunday and December 21 Wednesday.

  • Sunday Matinee:3:30 PM | Wednesday:7:00 PM
  • $14
  • Get your tickets here or for inquiries call (844) 462-7342

December 20

Nights of Lights Holiday Open House

Venue: Bellamy Mansion Museum of History & Design at 503 Market St, Wilmington, NC 28401

Enjoy and be inspired by the Victorian Christmas decorations all around the mansion.

  • December 20-22, 2022 4:00PM-7:00PM
  • FREE | Donations are gladly accepted | Holiday goodies available for purchase
  • For questions, email lmorton@bellamymansion.org or call (910) 251-3700

December 21

Celtic Angels Christmas

Venue: Thalian Hall Center for Performing Arts at 310 Chestnut St, Wilmington, NC 28401

Be captivated with the vocal masterpieces and instrumental tunes featuring the angelic Irish quintet and the Celtic Knight Dancers.

  • Matinee: 4:00 PM | Evening Performance:7:30 PM
  • Tickets at $65 and above
  • Choose your seats here. For inquiries, call (910) 632-2285

December 31

Island of Lights New Year's Eve Celebration

Venue: Carolina Beach Boardwalk at Carolina Beach Avenue S & Harper Avenue, Carolina Beach, NC 28428

Spend New Year's Eve at the beach with music, giant ball drop and epic fireworks in the night sky.

  • Begins at 9:00PM
  • FREE for spectators | Refreshments and NYE hats and noisemakers available for purchase
  • For more info, click here.

New Year's Eve Cruise

Venue: Island Cruises at 301 Carl Winner Dr, Carolina Beach, NC 28428

Welcome the New Year with a leisurely trip along the Intracoastal Waterway and back to Carolina Beach for the fireworks.

  • Cruise departs at 10:00PM and returns before midnight
  • Adult: $32 | Child: $22 | Full cash/card bar onboard also serving coffee and hot chocolate
  • Get tickets here. For inquiries, call (910) 232-3272

 

Make it a 2022 to remember. Celebrate good times and bank on happy memories in this yuletide season.
We wish you a Merry Christmas and a prosperous, wonderful New Year!


To search Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

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Nov. 17, 2022

Things To Do To Get In The Christmas Spirit

Get Into The Mood And Embrace The Christmas Spirit

The cool breeze and cold nights make us think that December is near. We all know what this month is for and how everybody is excited about it. Here are things to do to be inspired and get in the Christmas spirit.

 

1. Play Christmas songs.

Music invoke memories and emotions. Bring in the yuletide cheer by listening to your favorite Christmas songs and sing along. Make a playlist or choose from what is readily available in Spotify and YouTube Music. This sure is one easy way to get you going for more of the season's spirit.

2. Decorate your space. 

Choose decors that make you smile and happy when you see them. Hang up mistletoes in one doorway or all. Hang some wreaths, tinsels and garlands. Put bows—of the Christmas color you like, on everything you wish to. It can be on your Christmas tree, your windows, your kitchen, your front door, your refrigerator door, or even your hair.

3. Make some crafts.

Unleash your creativity and create decors, cards, tokens or gifts. Invite your kids to express their creative minds.

4. Grab some caramel popcorn and watch Christmas movies.

Curl up with the whole family or by yourself and enjoy a film. Try also home-grown films made in the Wilmington area like Christmas in Harmony, A Christmas Proposal, USS Christmas, Christmas in Conway, A Different Kind of Christmas, and One Christmas.

5. Dress up.

Wear your favorite Christmas color for a day, or plan the week with red, blue, green, gold, silver and white. You can also rock that Santa hat you have or the elf stockings.

6. Sip your favorite hot drink.

Whether you like a warm eggnog, a peppermint tea or a hot cocoa—with marshmallows, whipped cream or candy cane, feel the warmth inside and smile.

7. Bake or buy some Christmas favorites. 

Get those cookie cutters ready and bake some gingerbread cookies with your kids. If you are not into baking, then head out to your favorite bakery for Christmas goodies or the candy shop for peppermint candies.

8. Give your pet a Christmas experience too.

Dress your pet for Christmas—if they let you. Take a pet photo with Santa. Tag along your pet and donate treats and pet necessities to an animal shelter.

9. Go to malls, holiday events, or have fun ice skating.

Be with the crowd and be part of the Christmas cheer. 

10. Donate, volunteer, and give.

Donate toys, clothes, or extra cash to a good cause. Volunteer and help a group. Or give meals to those alone or in need this holiday season.

 

Hoping you have fun, wear a smile, have glee in your heart as you welcome Christmas and spark the spirit of joy and love in this yuletide season. Merry Christmas!

 

To search Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

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Nov. 11, 2022

3542 Aster Court, Wilmington, NC 28409 | House Tour [Pics Only] | Houses For Sale in Wilmington, NC | 100357690

Home for Sale in Wilmington, NC

Absolutely a great deal! This stunning home is perfect for your big family to make wonderful and fun memories.
3542 Aster Court is a gem you would love to keep.

To view all the details of this property including more photos and information, Click here.

What are the Features of 3542 Aster Court?

  • 5 Bedrooms

  • 4.5 Bathrooms

  • 2 Car Garage

  • Bonus Rooms

  • Fireplace

  • In-ground Pool

  • Huge Yard

  • Cul-de-Sac Lot

  • 20 minutes to Wrightsville Beach

  • 21 minutes to Carolina Beach

5 Bedrooms

There are two master bedrooms in this home. One is in the 1st floor with access to the garage and deck, and a view of the backyard. The second is in the 2nd floor with a walk-in closet, and facing the front yard. All other 3 bedrooms are in the 2nd level of the house.

4.5 Bathrooms

Master bedrooms have 2 sinks and separate tub and shower.

Bonus Rooms

Spacious bonus rooms can be used as extra guest bedroom, for entertainment media room or an office.

Fireplace

Perfect in the spacious living room for the family to get together and put up the Christmas tree in winter.

In-ground Pool

With some TLC, magnificently turn this into the dream place for the family to unwind during the weekends.

Huge Yard

There's a lot potential here for your landscaping and gardening project, cultivating and seeing your favorite plants and maybe adding a swing.

Cul-de-Sac Lot

It's cul-de-sac location allows you and your family the exclusivity and tranquility at home.

20 minutes to Wrightsville Beach

Enjoy the beach and the sunset with the whole family just minutes drive to Wrightsville Beach.

21 minutes to Carolina Beach

More beach activities and fun for the family with another destinationgoing to Carolina Beach from home.

5 Bedrooms

4.5 Bathrooms

2 Car Garage

Bonus Rooms

Fireplace

In-ground Pool

Huge Yard

Cul-de-Sac Lot

20 minutes to Wrightsville Beach

21 minutes to Carolina Beach

 

 

Schedule a private showing of 3542 Aster Ct, Wilmington, NC 28409. Contact Regina Drury 910-232-4919.

To search more Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

To view all the details of this property (including more photos), click here.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

Search for Homes by Location 

Location Description

Search Type

Homes for Sale in Carolina Beach

Property List | Map Search

Homes for Sale in Castle Hayne

Property List | Map Search

Homes for Sale in Hampstead

Property List | Map Search

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Posted in House Tours
Nov. 8, 2022

6306 Welmont Drive, Wilmington, NC 28412 | House Tour [Video] | Houses For Sale in Wilmington, NC | 100357206

Home for Sale in Wilmington, NC

This is a great deal for you. 6306 Welmont Drive is a 3-bedroom home that is just 10 minutes to Carolina Beach.

To view all the details of this property including more photos and information, Click here.

House Tour on YouTube!

Take a look inside 6306 Welmont Drive.

What are the Features of 6306 Welmont Drive?

  • 3 Bedrooms

  • 2 Bathrooms

  • 2 Car Garage

  • Wrap around Porch

  • Fireplace

  • Large Yard

  • 10 minutes to Carolina Beach

3 Bedrooms

Master bedroom has a vaulted ceiling for more space and light.

2 Car Garage

Take benefit of the extra space for your extra stuffs.

Wrap around Porch

Enjoy morning and afternoon relaxation either from each side of the porch.

 

Fireplace

Cozy in especially winter is coming.

10 minutes to Carolina Beach

Drive to the beach any time you feel it for a quick sea breeze and a morning dive. Better yet, a sunset view with a loved one.

3 Bedrooms

2 Bathrooms

2 Car Garage

Wrap around Porch

Fireplace

Large Yard

10 minutes to Carolina Beach

 

 

Schedule a private showing of 6306 Welmont Drive, Wilmington, NC 28412. Contact Regina Drury 910-232-4919.

To search more Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

To view all the details of this property (including more photos), click here.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

Search for Homes by Location 

Location Description

Search Type

Homes for Sale in Carolina Beach

Property List | Map Search

Homes for Sale in Castle Hayne

Property List | Map Search

Homes for Sale in Hampstead

Property List | Map Search

Homes for Sale in Kure Beach

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Homes for Sale in Leland

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Posted in House Tours
Nov. 2, 2022

Fun and Exciting Events This November in Wilmington, NC and Neighboring Places

Here's a List of Fun and Exciting Things to Do in November in the Wilmington, NC Area.

The holiday cheers and chills are around the corner. It just less than two months until New Year, and it's this time in November to transition into the merry and bright season. Here are fun things to do and exciting events to go to in Wilmington, NC and nearby.

 

November 4, 2022 Friday

A Night with Kites

  • 7:00PM-9:00PM at the Courtyard by Marriott in Carolina Beach
  • For updates, visit their Facebook page.

November 5, 2022 Saturday

9th Annual Taste of Wrightsville Beach

  • 5:00PM-8:00PM at the Bluewater Grill Parking Lot, Wrightsville Beach
  • Tickets priced at $25 each for under 21yrs of age, $75 each for general admission advanced purchase or $100 at door if available.
  • More event info here. For tickets, click here.

Cape Fear Kite Festival

  • 10:00AM-4:00PM at the Fort Fisher State Recreation Area, Kure Beach, NC 28449
  • FREE event for two days, November 5-6.
  • Know the more details here.

Southport Holly Days Arts and Crafts Show

  • 9:00AM-4:00PM at the Southport Baptist Church CMC Building 200 N. Howe Street.
  • FREE admission.
  • Early holiday shopping for your gifts and giveaways and much more. 

Polish Festival

  • 11:00AM-5:00PM at 4849 Castle Hayne Rd, Castle Hayne 28429
  • Admission and Parking are FREE.
  • Experience a day of Polish food, dancing, and fun.

November 16-20,2022 Wednesday to Sunday

Cucalorus Film Festival

  • Film screenings take place at Thalian Hall, Wilmington, NC
  • See schedules here.
  • For festival passes and tickets, click here.

November 18, 2022 Friday

Cape Fear Festival of Trees

  • 9:00AM-5:00PM until January 2, 2023 Monday at the NC Aquarium at Fort Fisher, Kure Beach, NC.
  • Closed on Thanksgiving and Christmas Day
  • Aquarium admission gets you access to the festival.

November 25, 2022 Friday

Downtown Holiday Tree Lighting

  • 5:30PM at Market and Water Streets.
  • This annual tradition never fades. FREE photo op with Santa following the tree lighting countdown.
  • FREE Admission. FREE hot cocoa while supplies last.

Island of Lights Lighting at the Lake

  • 7:00PM at the intesection of Atlanta Ave and Lake Park Blvd in Carolina Beach, NC.
  • FREE to the public.
  • Know more here.

November 26, 2022 Saturday

Christmas by the Sea

  • 5:00PM at the Carolina Beach Boardwalk
  • Saturdays on December 3, 10 and 17, 2022
  • Read more here.

NC Holiday Flotilla at Wrightsville Beach

  • 10:00AM-4:00PM Day in the Park at the Town Complex
  • 6:00PM - Boat parade begins
  • Fireworks after the boat parade.
  • See event details and map here.

 

Enjoy this month of Thanksgiving and welcome the season of cheer with a grateful heart. Remember to take photos and create memories. Have fun!

 

To search Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

Search for Homes by Location 

Location Description

Search Type

Homes for Sale in Carolina Beach

Property List | Map Search

Homes for Sale in Castle Hayne

Property List | Map Search

Homes for Sale in Hampstead

Property List | Map Search

Homes for Sale in Kure Beach

Property List | Map Search

Homes for Sale in Leland

Property List | Map Search

Homes for Sale in Wilmington

Property List | Map Search

Homes for Sale in Wrightsville Beach

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Nov. 1, 2022

Colorful Festivals In The Philippines You Should See and Not Miss

Festivals In The Philippines

The Philippines, known as the Fiesta Capital of the World, has a rich and diverse culture considering it is composed of 7,641 islands with vast history of colonization and native ancestries. With more than 42,000 major and minor festivals, a lot of these can be attributed to Catholicism wherein for every patron saint there is a celebration and it happens across the country throughout the year. Apart from these religious and pious celebrations, there are also festivals for the town's charter rooted from the indigenous ceremonies and ritual offerings as thanksgiving and reverence to Bathala (the Supreme Being) and to ward off bad fortune and negative spirits. These festivities are unique to each place yet share the common traits of faith, nationalism, family bonding, and industriousness to name a few.

 

Colorful Festivals To See and Visit

Filipinos take months of practice and discipline in preparation for these big festivals. The parades are usually a line up of group performers for the street dancing. Each group wears different costumes full of vibrant colors and body paints.

Here are some of the colorful festivals in the Philippines to see and visit.

January is a month not to miss. There are three major festivals to look out for the weekends.

  1.  Ati-Atihan Festival 
    • a.k.a The Mother of All Philippine Festivals.
    • locally means "to be like Aetas" (Aklan provinces' natives)
    • every 3rd Sunday of January in honor to its patron, Sto. Niño of the Child Jesus
    • celebrated in Kalibo, province of Aklan, Philippines
      • near to the island of Boracay, a popular tourist destination for beach lovers
    • Photo credits Philippines Treasures
  2.  Sinulog Festival
    • a.k.a Sto. Niño Festival
    • locally means "movements of the river"
    • every 3rd Sunday of January in honor to its patron, Sto. Niño of the Child Jesus
    • celebrated in Cebu City, province of Cebu, Philippines
      • main access point for road trips to a number of tourist destinations in the province
    • Photo Credits GMAnetwork.com
  3. Dinagyang Festival
    • one of the biggest and best festivals
    • extrapolated from the word dagyang which locally means "merrymaking"
    • every 4th Sunday of January also in honor to Sto. Niño of the Child Jesus and a celebration of the pact between Datus (chieftains) and the locals
    • celebrated in Iloilo City, province of Iloilo, Philippines
      • entry point to various island beaches to visit and tour; road trip to Roxas City for oysters and scallops
    • Photo Credits King Erlano; courtesy of Iloilo City Tourism & Dev't Office

February is a month of love. If you love flowers and cold weather then this festival is a must go to.

  1. Panagbenga Festival
    • a.k.a Flower Festival
    • locally means "season of blooming"
    • a month long annual celebration every February; so better check on the dates of the actual parade
    • celebrated in Baguio City, province of Benguet, Philippines
      • go tour the strawberry farm and the scenic forest and mountain views with the cold breeze on your skin
    • Photo Credits philstar and rappler; courtesy of MNLtoday.ph

Welcome March with a sunny bloom.

  1. Sunflower Festival
    • a commemoration of the cityhood of Ligao
    • every 24th of March  to showcase the abundance of sunflowers that grows along Kawa-Kawa Natural Park
    • celebrated in Ligao City, province of Albay, Philippines
      • have a tour to neighboring cities and take a snap of the perfect volcanic cone of Mt. Mayon
    • Photo Credits LigaoCity.Albay.Gov.ph

In between March and April, whenever the Holy Week falls, these two festivals are to look out for in the season of Lent. The Philippines, being dominated mostly by Roman Catholics, commemorates the events of the Passion of Christ.

  1. Moriones Festival
    • a dramatization of the story of Longinus, the blind soldier whose sight was restored by the blood of Christ.
    • the word Morion refers to "masks", Moriones are the local residents who dress up in costumes of Roman soldier
    • during Holy Week dates
    • celebrated in Mogpog in the province of Marinduque, Philippines
      • take side trips to visit white sand beaches, cave spelunking, and spring water healing
    • Photo Credits Philippine News Agency
  2. Centurion Festival
    • features colorful floats and costumes; a celebration of God's protection when the early settlers of Pinamalayan encountered a terrible weather during their voyage
    • during Holy Week dates
    • celebrated in General Luna in the province of Quezon, Philippines
      • adjacent island to Marinduque
    • Photo credits Department of Tourism Calabarzon Office

May is quite a busy month since it is also Flores de Mayo for Catholics, and a whole month fiesta in the province of Bohol. Here's one of the biggest and most colorful festival in the country for this month.

  1. Pahiyas Festival
    • a celebration in thanksgiving for a bountiful harvest wherein the facades of the townsfolk's homes are adorned with fruits, vegetables and flowers from nature.
    • every 15th of May
    • held in the municipality of Lucban, province of Quezon, Philippines
      • have a taste of their Pancit Lucban (noodle dish) & Lucban Longganisa (sausage)
    • Photo credits businessdiary.com.ph   

For June, how about a visit to where U.S. General Douglas McArthur landed on his return to the Philippines during World War II?

  1. Pintados-Kasadyaan Festival
    • dancers paint their bodies the tattoo resemblance of the armor worn by warriors of the past.
    • Pinta locally means "paint"
    • every 29th of June
    • held in Tacloban City, province of Leyte, Philippines
      • take a side trip to the country's longest bridge, and to the monumental park of Gen. McArthur
    • Photo Credits Caravan Indie

July is an exciting month since this festival below is a month-long festivity.

  1. Sandugo Festival
    • a commemoration of the blood compact (sandugo) of Miguel Lopez de Legazpi and Rajah Sikatuna during the Spanish regime.
    • whole month of July, so visit Bohol Tourism Facebook page for the parade dates.
    • celebrated in Tagbilaran City, province of Bohol, Philippines 
      • take a tour to see the Tarsier, have a photo with the Chocolate hills in your background, visit a honey bee farm, dine in a floating restaurant, and enjoy the beaches of Bohol
    • Photo Credits Lourd Pocon; courtesy of Bohol Tourism Ph

Being blessed with agriculture, Filipinos really celebrate giving thanks for the bounty of harvest. That is what most Philippine festivals are also about, and each to its own products. How about a visit to places where you can eat fruits as much as you can every August?

  1. Kadayawan Festival
    • a celebration of the rich Mindanaoan culture, thanksgiving for the gifts of nature and the bounty of harvests.
    • every 3rd week of August highlighting the 11 indigenous tribes in the city
    • held in Davao City, province of Davao del Sur, Philippines
      • must go and see the Philippine Eagle, experience the cold breeze of Mt. Apo (the Philippines' highest mountain), and have a taste of Davao's durian fruit
    • Photo Credits Kadayawan sa Davao
  2. Timpupo Festival
    • celebrating the abundance of harvests of the finest produce in the city.
    • eat all you can fruits such as mangosteen, durian and lanzones
    • every 3rd week of August
    • held in Kidapawan City, province of Cotabato (just 2-3hrs from Davao City)
    • Photo Credits Kidapawancity.gov.ph

If you are a fish lover, Tuna to be specific, then you'll enjoy this festival. Plus if you are an avid Manny Pacquiao fan, you might have a chance to see him around his hometown.

  1. Tuna Festival
    • a grand celebration of the city's charter and of its bountiful sea blessings of the finest yellow fin tuna.
    • every 1st week of September
    • held in General Santos City, province of South Cotabato, Philippines
    • Photo Credits Primer.com.ph

Entering the last quarter of the year, there is still a festival or two you surely have to go this October.

  1. MassKara Festival
    • showcases the radiant smiles worn by Filipinos during the time of crisis
    • every 4th Sunday of October
    • celebrated in Bacolod City, province of Negros Occidental, Philippines
      • discover The Ruins by taking a heritage tour or go for a beach escapade
    • Photo Credits Masskara.com.ph
  2. Lanzones Festival
    • a week-long celebration of the generous harvest of the Lanzones fruit
    • usually every 3rd week of October
    • held in Mambajao City, island province of Camiguin, Philippines
      • you can round trip the island in just one day though you will definitely extend the stay to explore the springs, waterfalls, beaches and islands; plus there's a scuba diving site or three to see
    • Photo Credits Lanzones Festival

Go big on a November trip and heads up to this festival.

  1. Higantes Festival
    • a pious celebration in honor to the patron Saint Clement
    • usually the parade is scheduled on the Sunday before the town feast on November 23
    • held in Angono, Rizal (the art capital of the Philippines and producer of local clothes)
    • Photo Credits GMAnetwork

 

Surely you don't want to miss seeing Christmas decors and lights on the month of December.

  1. Giant Lantern Festival
    • the fest is a competition of huge parol lanterns, thus the place become known as the Christmas Capital of the Philippines
    • annually held in mid-December
    • celebrated at San Fernando City, province of Pampanga, Philippines
      • try the local cuisine, it's one of the best in the country
    • Photo Credits Bong Lacson; courtesy of punto.com.ph

Whatever month you plan to visit the Philippines, there is surely a festival waiting for you.

 

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Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

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Posted in Travel Insights
Oct. 19, 2022

Halloween Weekend Road Trips and Local Things To Do

Where To Go For A Halloween Weekend?

Are you ready for another terrifying and spooky experience this year? Here is a list of places to go to for a Halloween weekend road trip, and for a few local things to do.

 

Halloween Road Trip Destinations

Pack up for the weekend and shortly leave Wilmington, NC. Take the wheels and hit off to these Halloween attractions and theme parks.

Busch Gardens in Williamsburg, VA

  • 4.5 hours travel; 300 miles
  • Ticket price varies per event and tour.
  • Daytime Halloween fun for kids of all ages.
  • Screams and terror begins at dark for adults.
  • For tickets and more info, click here.

Kings Dominion in Doswell, VA

  • 4.2 hours travel; 280 miles
  • A lot to do with more than 60 rides, attractions, shows, and a waterpark.
  • Get your tickets here.

Carowinds in Charlotte, North Carolina

  • 4.2 hours travel; 275 miles
  • Choose from almost 60 world-class rides, waterpark, live entertainment and more.
  • Book your tickets and know more info, click here.

Panic Attack Haunted Attraction in Nakina, North Carolina

  • 1.2 hours drive; 63 miles
  • Let your heart race, and scream to your content.
  • Price varies from $30 to $70. Ages 2 and under are free.
  • Buy your tickets here.

Local Things To Do in Wilmington, NC

Haunted Pub Crawl

Go on an adventure to some of the city's well-known pubs as you hoist a beer or two, and hear tales of murder, love, and more!

  • October schedule is Wednesday-Saturday at 7:30PM.
  • Admission is $22.50 plus tax
  • Featured on the History Channel, Discovery Channel and Haunted TAPS.
  • LIMITED TOURS. For tickets and more info, click here.

Ghost Walk of Old Wilmington

Experience chills and thrills in the city's haunted homes and burial grounds, and possibly even have an actual encounter!

  • October schedule is Monday-Sunday at 6:30PM and 8:30PM.
  • Ticket price varies from $15 to $17, tax not yet included. Children 6 & under are free.
  • Included in the "Top 5 Ghost Walk in America" USA Today
  • LIMITED TOURS. Get your tickets here.

Halloween Carriage Ride

Be in your costumes, go giddyup, and listen to child-friendly ghost stories while touring past the historic places in downtown Wilmington.

  • October 28-31, 2022 at 6:00PM-10:00PM.
  • No reservation. Tickets: $14 per adult; $6 per child under 12. Free treats for children.
  • Tours start on Market Street, between Water & Front Streets downtown Wilmington, NC.
  • For Tickets, call (910) 251-8889.
  • For more details, visit their website here.

Ghostbusters Movie in the Park at Wrightsville Beach

When there's something strange in the neighborhood, who you gonna call? Ghostbusters! Enjoy a movie date with the whole family.

  • October 28, 2022 Friday at 6:30PM.
  • Admission is FREE.
  • Bring your picnic blankets and lawn chairs.
  • Concessions will be available for purchase.
  • More info, click here.

Lantern and Lore Walking Tour in Wilmington, NC

Discover and rediscover the local lore. Walk down dark alleys, secret nooks and private yards of historic homes.

  • October 28-31, 2022 at 7:00PM-8:30PM.
  • Ticket is $15 each. LIMITED AVAILABILITY.
  • For updates and tickets, click here.

Have a Happy Halloween!

 

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Oct. 18, 2022

161 Tributary Circle, Wilmington, NC 28401 | House Tour [Video] | Houses For Sale in Wilmington, NC | 100354453

Home for Sale in Wilmington, NC

Fall in love with this beautiful 4-bedroom home with a bonus room, and a fenced-in yard. 161 Tributary Circle in Wilmington, NC is a great find that's near to the airport, downtown Wilmington, and Wrightsville beach.

To view all the details of this property including more photos and information, Click Here.

 

House Tour on YouTube!

Come on in and experience 161 Tributary Circle with me.

What are the Features of 161 Tributary Circle?

  • 4 Bedrooms

  • 2 Bathrooms

  • 2 Car Garage

  • Bonus Room

  • Huge Kitchen Island Counter

  • Covered Porch

  • Fenced-In Yard

  • Near to the Wilmington International Airport

  • Near to the Downtown Wilmington Area

  • 15-20 minutes to Wrightsville Beach

4 Bedroom, 2 Bathroom Home in Wilmington, NC

Spacious master bedroom that fits a king-size bed. Master bathroom has separate sinks, a shower, and a large walk-in closet.

spacious master bedroom

separate sinks bathroom

2 Car Garage

Perfectly fit your family's vehicles inside and shield it from harsh weather conditions.

two car garage

Bonus Room

This room upstairs is great for movie room, office, or another extra bedroom for the family and guests.

bonus room

Huge Kitchen Island Counter

Make cooking experience a lot more fun having your kids watch and learn, or involving them at a young age.

huge kitchen island counter

Covered Porch

Enjoy your early mornings or late afternoons at the covered area in your backyard.

covered porch

Fenced-In Yard

Keeps your family safe and your gatherings private.

Accessible to the Wilmington International Airport

Saves you time from traffic when going out of town for a holiday or vacation.

airport by ugurhan canva pro pixel limit

Near to the Downtown Wilmington Area

Spend family weekends and dinner nights in the Downtown Wilmington area just minutes away.

Downtown Wilmington by traveler1116 canva pro pixel limit

15-20 minutes to Wrightsville Beach

Drive anytime you like it going to the beach just 15-20 minutes away.

Wrightsville Beach by Zach Wilson canva pro pixel limit policy

4 Bedrooms

2 Bathrooms

2 Car Garage

Bonus Room

Huge Kitchen Island Counter

Covered Porch

Fenced-In Yard

Near to the Wilmington International Airport

Near to the Downtown Wilmington Area

15-20 minutes to Wrightsville Beach

 

Schedule a private showing of 161 Tributary Cir, Wilmington, NC 28401. Contact Regina Drury 910-232-4919.

To search more Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

To view all the details of this property (including more photos), click here.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

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Posted in House Tours
Oct. 5, 2022

6016 Chancellorsville Dr, Wilmington, NC 28409 | House Tour [Video] | Houses For Sale in Wilmington, NC | 100352295

Home for Sale in Wilmington, NC

This adorable 3-bedroom home is one you don't wanna miss. 6016 Chancellorsville Dr in Wilmington, NC is just approximately 10 minutes away to the must-visit and stunning Carolina Beach. Definitely, a beach lover's delight!

To view all the details of this property including more photos and information, Click Here.

 

House Tour on YouTube!

Walkthrough with me and you'll absolutely love this home at 6016 Chancellorsville Drive.

 

What are the Features of 6016 Chancellorsville Drive?

  • 3 Bedrooms

  • 2 Bathrooms

  • 2 Car Garage

  • Sunroom

  • Front Porch

  • Vaulted Ceiling

  • Hardwood Floors Throughout

  • Kitchen Island

  • Approximately 10 minutes to Carolina Beach

3 Bedroom, 2 Bathroom home in Wilmington, NC

Tray ceiling master bedroom with dual sink, linen closet and shower.

2 Car Garage

Utilize the other half as parking and the other half as storage space. It's a double win.

Sunroom

Picture yourself drinking your morning coffee or cozying with a good book in the afternoon.

Vaulted Ceiling

Allow in more natural light and have a spacious feeling with this vaulted ceiling home feature.

Hardwood Floors Throughout

Solid hardwood flooring all over the house making it easy to maintain and clean.

 

Kitchen Island

Additional seating and storage in your kitchen.

Approximately 10 Minutes Away to Carolina Beach

An advantage to see the beach sunrise and sunset anytime you want to.

3 Bedrooms

2 Bathrooms

2 Car Garage

Sunroom

Front Porch

Vaulted Ceiling

Hardwood Floors Throughout

Kitchen Island

Approximately 10 minutes to Carolina Beach

 

 

 

Schedule a private showing of 6016 Chancellorsville Dr, Wilmington, NC 28409. Contact Regina Drury 910-232-4919.

To search more Homes for Sale in Wilmington, NC, click here.

Wondering what your home could sell for? Click here for a Free Instant Home Value Report.

 

To view all the details of this property (including more photos), click here.

 

We Can Help!

Are you looking for the best real estate agency in Wilmington, NC? When choosing a real estate agent, be sure to go with someone who has the expert knowledge of listing and selling property.  The Regina Drury Real Estate Group has that and more.  We are a Full-Time real estate company in Wilmington, NC; our crew can provide you with all of our expert knowledge and focus on maintaining a high degree of customer service that will leave a lasting impression.  Contact us today to talk more about your real estate needs. 

Contact Us

Regina Drury

 

 

Search for Homes by Location 

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Posted in House Tours
Sept. 26, 2022

Should I Turn My House Into a Rental?

Thinking of Becoming a Landlord?

Property ownership and real estate investment are good means of increasing wealth on a long-term view. Are you giving thought to turning your primary residence into a rental property? You need to consider several most important things before taking the role of a property investor and landlord—with emphasis on tax.

 

What legal issues do I need to know in converting a primary home into a rental?

If you have full possession of the property as it is paid in cash, you can absolutely do what you intend to with the home provided that the HOA allows renting it out. It is good to review and read the Covenants, Conditions, and Restrictions (CC&Rs) of the community.

If the home is still under a loan, it is imperative to check your original mortgage documents. The terms of your loan would specifically indicate the intended use of the property. So if the lender has it on record that it is occupied for your primary residence, you are not allowed to use it as rental after the purchase. Certain loans also require a specified number of years in using it as a primary home before you are allowed to utilize it as an investment property. Failure to meet the agreement may be considered as bank fraud, and lead to prison.

A safe strategy which can be done is by refinancing your home and changing the owner-occupied loan with an investment property loan, wherein the latter has higher rates.

 

 

How do I qualify for tax benefits when selling a primary residence?

Homeowners have taken advantage of the Section 121 exclusion to exclude up to $250,000 in profit from the sale of the main home (or $500,000 if married filing jointly) as long as you must have owned and lived in the home for a minimum of two years—within the past five years prior to the date of sale. These two years do not need to be consecutive. You could have lived there in 2018, then in 2020, and sell the house in 2022.

Example 1: Rox purchased her house in 2019 for $180,000. She moved out of the state in 2020, and moved back in residing her primary residence in 2021. She sold the house for $350,000 in 2022. Her profit of $170,000 is not taxable.

Example 2: Ron purchased his home in 2015 for $195,000. The property sold for $465,000 in 2022. He has a tax exclusion of $250,000. The $20,000 gains will be taxed.

Example 3: John and Alice bought their home in May 2008 for $290,000. They sold it in May 2022 for $780,000. Their total gains is less that $500,000, so none of their profit is taxable.

Example 4: Ann and Mark got their house in August 2008 for $350,000 and sold it in August 2022 for $1,150,000. They have a total gain of $800,000. They availed the $500,000 tax exclusion benefits, thus the $300,000 will be taxed at long-term capital gains rates. (If they made valuable improvements, those costs can feasibly be added to the $350,000 purchase price and in effect reduce the taxable income.)

 

 

What is the tax impact of turning a primary home into a rental?

Purchasing a new home and moving in, homeowners commonly have two income opportunities for their existing property: to sell or to use it as a rental property. While the idea of receiving passing monthly rental income is appealing, converting your home to a rental can have a consequential tax impact by the time you decide to sell.

Example 5: (from Example 3 scenario) Instead of selling for in May 2022. John and Alice decided to turn their house into a rental. After two years, they no longer want to be landlords and opted to sell their home in May 2024 for $780,000. They still qualify for Section 121 exclusion since they have lived in the home (May 2020-2022) within the past five years. The only income to be reported is the depreciation recapture taken during the rental period.

Example 6: John and Alice continued on renting their home for four years, and sold the property for $780,000 in May 2026. They no longer qualify for the exclusion since they only have resided for one of the past five years. The entire $490,000 profit from the sale will be taxable. There is also a need to recapture any depreciation that was taken during the four years rental.

John and Alice decision in Example 6 has resulted in a higher tax bill compared to when they decided to sell earlier or to sell after only a few years of renting out the property keeping in mind the 2-out-of-5 years home sale exclusion rule.

 

 

Whaapproach can I take for real estate that was converted into a rental property?

Owners have the approach below to consider when their homes have been used as rental property:

1. Re-gain exclusion by moving back into the property

Example 7: Dan and Diane purchased their home in July 2015 for $200,000 and used it as rental a year after. In July 2020, they decided to sell their house. All gains will be included in the taxable income because the home was used as rental for 4 years in the past 5-year period.

They opted to move back in July 2020 and sell it in July 2022 for $600,000. They can now avail the tax benefits because they have used the home as their primary residence for two years of the last five years in the Section 121 exclusion rule.

In July 2022, they had three years qualified use as a personal residence and four years of non-qualified use as a rental home. The $400,000 of profit will be prorated. $400,000 x 43% = $172,000 can be excluded, and $400,000 x 57%=$228,000 cannot be excluded.

Also, all deprecation during the four years as a rental will be part of the taxable income when the house is sold.

The approach to move back into their home for two years allowed Dan and Diane to exclude some of their gains from their ownership period.

2. Continue renting out until qualifying for a Step-Up in Cost Basis

When the owner of an asset dies, that asset is qualified for a complete step-up in cost basis. Any profit that may have been included in taxable income are erased, and the cost basis is "reset."

Example 8: Dan and Diane continued renting out the property. They lived in California and Dan is in critical condition. Dan dies in July 2022 when the house has a value of $600,000. Diane receives a complete step-up in cost basis. The home is treated as if Diane has purchased the house for $600,000. She can sell it as is with no taxable income imposed.

The example above assumes the owners are in a community property state. Otherwise if they are in a common law state, they would possibly not receive a full step-up in cost basis. Owners of rental properties also receive a step-up in any deprecation taken in and included to the capital gains, which gives additional tax benefit.

3. Section 1031 Exchange into a Different Rental Property

If the owner decides to no longer rent out his current property, but still wants to acquire a rental property. The taxpayer can defer taxes with a Section 1031 Exchange. This is a complicated process and it would be best to work with a knowledgeable broker. This approach can only be made between rental properties.

 

Conclusion

A rental property is appealing particularly if the rent offers a substantial extra income. Profitability is always a key factor to consider along with the desire to be a landlord. Instead of impulsively deciding to turn your primary home into a rental, take into consideration the numbers bearing in mind the home sale tax exclusion rule and the opportunity cost. 

If you need help in the computation and professional advice from a landlord and broker, let's discuss it.

 

Contact Us

Regina Drury

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