Long Beach Island Real Estate Lot Sizes
Lot Size in the LBI Real Estate Market 
Lot Size in the LBI Real Estate Market 
Lot Size in the LBI Real Estate Market
Long Beach Island Real Estate
When looking to buy a home in the LBI real estate market, a buyer should always keep an eye on the size of the lot. While, of course, this does not apply to condominiums, it pertains to single-family homes, multifamily homes, vacant land of course, and in some cases, even commercial lots. While factors like location impact the value of an investment in the Long Beach Island real estate market both now and in the future, so too does lot size. The land is the valuable part of the LBI real estate market, more so in fact than the structure itself. Having a large lot size that can accommodate new construction and still have space for a pool and/outdoor area can add a lot of value in the real estate market on Long Beach Island.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Lot Size in the LBI Real Estate Market
Lot sizes will vary significantly throughout Long Beach Island. There is no real “standard” lot size, but there are norms for different areas. Surf City, for example, is mostly made up of 50×100 lots. A parcel smaller than a 50×100 lot will probably be viewed as a negative and something larger as a positive. Other areas, for example, Loveladies and North Beach, have a much larger average lot size, usually 100×100. When looking to buy a tear down in the LBI real estate market, it is essential to understand what the “average” lot size is for a specific area to see if you will face any challenge in building new. This is especially true for towns that limit the size of a home to a percentage of the overall lot size. The elevation of a lot can also play a role. In many instances, the ground is high enough to develop three stories of living space. This can allow a smaller than average lot, say a 40×90 lot, to construct a larger home than a 50×100 lot would allow at a less favorable elevation. Understanding these factors can be the difference between making a smart or poor investment in the Long Beach Island real estate market.
Building a Home in the Long Beach Island Real Estate Market
Building a new home on Long Beach Island makes a lot of sense. You can develop a home to your taste and with the amenities that are important to you, all while achieving an equity position in the project. For this to work, you and your agent have to understand building codes, what can and cannot be built, and what the future value of any project will be. A large part of that value will be found in the lot and what can be done with it.
If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
You May Also Like: