Buying a Home in the "Research Triangle"
Raleigh, Durham and Chapel Hill make up the three corners of the "Research Triangle," an area noted for its universities, its many technology companies, and its active food and music scene.
About Chapel Hill
Chapel Hill, with around 57,000 residents, is by far the smallest of the three "Research Triangle" cities. Home to the University of North Carolina at Chapel Hill, the city offers a variety of attractions, from historic sties to the largest gourmet food emporium in the United States. Chapel Hill is also a very well-educated city, with more than 70 percent of the population having earned at least an undergraduate college degree. If you're considering buying a home in Chapel Hill, below are a few more things you need to know:
What to see and do in Chapel Hill
Chapel Hill offers something to see and do for most any interest. The city's music scene is well-regarded nationally. In fact, Chapel Hill helped launch the music careers of such diverse performers as James Taylor, Ben Folds Five and the Squirrel Nut Zippers. The city also boasts several excellent art museums, one of the oldest planetariums in the United States and an historic, 1920s vintage movie theater.
Shopping and dining
Shopping enthusiasts will find plenty of unique, one-of-a-kind retailers in Chapel Hill. These include the several dozen retailers along Franklin Street in downtown, Eastgate and Fordham Square shopping center, and University Mall, the city's first enclosed shopping mall.
Food and eating are a favorite pastime in Chapel Hill. Many local restaurants have been recognized by national media, including the Lantern Restaurant, Mama's Dips, Sage and Sandwich. Chapel Hill is also home to the largest gourmet food store in America, A Southern Season.
Buying a home in Chapel Hill
Greater Raleigh home buyers, including those in Chapel Hill, will find plenty of properties from which to choose.
- What you can buy for $350K - $450K. Homes in Chapel Hill priced between $350K and $450K include newly-constructed homes in planned developments with three and four bedrooms, mid-20th century split level homes and smaller, 1930s and 1940s cottage-style homes.
- What you can buy for $450K - $550K. If you have between $450K and $550K to invest in Chapel Hill real estate, you'll be able to afford a sampling of new and existing home, including traditional homes on four to five acres and elegant newer homes with four or more bedrooms in good neighborhoods.
- Homes for more than $550K. Chapel Hill also has a good selection of luxury homes. Properties priced at more than $550K include multi-acre luxury estates with all of the amenities, such as fantasy kitchens and baths, outdoor swimming pools, guest houses and stables.
If you're considering buying a home in Chapel Hill or any part of the Research Triangle, working with a real estate agent who is experienced with the area can help you get the best value for your money. He or she not only will know the up-and-coming neighborhoods, but can advise you on properties when they first hit the market, something that's difficult to do with an Internet search.