Going Small in the LBI NJ Real Estate Market

Small Home Sales in the Long Beach Island NJ Real Estate Market

Going Small in the LBI NJ Real Estate Market
Going Small in the LBI NJ Real Estate Market


Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | Email: ncolmer@vandykgroup.com

www.BuyLBI.com

Going Small in the LBI NJ Real Estate Market

There seems to be a trend developing in which home buyers are looking at smaller homes and condos on Long Beach Island NJ. As potential buyers are going small in the LBI NJ real estate market, that area of our market has begun to heat up! The LBI real estate market is full of smaller, more traditional Cape Cod style homes whose attractive price and amazing functionality have caught the eye of many buyers! There was an article recently published on how many home buyers are looking at smaller, more affordable homes rather than the larger, more expensive properties in which they cite a few key reasons as to why:

  • Building or purchase cost reductions-Lower initial costs means lower costs down the road.
  • Energy Efficiency-Less space to heat and cool
  • Maintenance economy-Less to take care of!

Lower Cost and Lower Maintenance

The Long Beach Island real estate market, and most shore area real estate markets in general, have very high property costs. Considering a smaller, less expensive house on LBI will allow a potential buyer the ability to gain entry into the LBI real estate market. Typically, the Cape Cod style property on Long Beach Island has a spacious lot that allows for expansion or new construction down the road so even if your needs change and you need a larger house, the ability to expand exists!

These smaller properties also offer far less maintenance to homeowners. It is important to remember that the majority of homes on Long Beach Island are seasonal properties only used for vacations. When a homeowner comes down to LBI, the less time they have to spend cleaning or making repairs-the more time they can spend on the beach having fun! Therefore, a smaller house, which requires less maintenance, usually will allow for more time having fun in the sun!

What’s A Cape Cod All About?

Most of the Capes on LBI were built by the Shapiro family during the 1950′s and 1960′s. These homes, although now older, have proven to be amazingly resilient and very functional as summer homes. Typically, these Capes will have:

  • 3-4 Bedrooms
  • 2 Bathrooms
  • Lot Sizes of 40×80-60×100
  • Rear Deck and/or Second Floor Deck
  • Shed or Garage

These homes are easily upgraded with new kitchens, baths and air conditioning and the price and ease of ownership makes them popular summer homes on Long Beach Island and the LBI real estate market in general.

Going Small in the LBI NJ Real Estate Market

If you are considering making LBI your summer home, you should seriously consider going small int he LBI NJ real estate market. A small Cape Cod or a small condo will allow you to have some great summer fun without breaking the bank. If you would like more information, you can contact me anytime and I will be happy to help. You can also learn more about single-family homes and condos on my website www.BuyLBI.com

Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

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