The Asheville real estate market received a potential boost October 4th when Buncombe County commissioners voted unanimously to change the current zoning ordinance for vacation rentals. Since December 2009, residential rental restrictions have been in place, limiting new properties from entering the rental market.
With the rental restrictions, many Realtors reported that homebuyers looking for second homes were often deterred by the rental restrictions. It is not unusual for people planning to retire in Buncombe County to buy a home prior to retirement and put it into the rental market until they are ready to relocate to the area permanently. The restrictions meant that was no longer a legal option.
With the commissioners' action which allows rentals countywide, homeowners will now have that option restored. In addition, visitors to the Asheville area will have more rental properties from which to choose. Many tourists prefer to stay in a home and have a more authentic mountain cabin experience than a hotel room may provide.
For more information about Asheville area homes and rental properties, please contact Greybeard Realty.