Long Beach Island Real Estate Duplexes and Multi-Family Homes
Benefits of Multi-Family Homes in the LBI Real Estate Market 
Benefits of Multi-Family Homes in the LBI Real Estate Market 
Benefits of Multi-Family Homes in the LBI Real Estate Market
Long Beach Island Real Estate Duplexes
The Long Beach Island real estate market offers many ownership options. From single-family homes in a variety of price points to condominiums and even interval ownership homes, buyers have a lot of possibilities. While not as numerous and single-family homes and condos, there are numerous multi-family homes for sale on Long Beach Island that can offer a real advantage. The benefits of owning a multi-family home in the LBI real estate market most center on the following:
- Less competition in the market
- Flexibility in use
- Potential to develop side by side townhomes
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
Benefits of Multi-Family Homes in the LBI Real Estate Market
Since duplexes and multi-family homes in the LBI real estate market are usually found under a different search screen, and since buyers tend to default to a single-family home search, this category of homes will often see less competition. The benefits of this are apparent and can lead to a higher level of negotiation in many cases. Duplexes and multi-family dwellings on LBI also offer flexibility. An owner may be able to use the entire property, rent the different units to different tenants, or keep one unit for personal use while renting the others out. This can help with cash flow and lessen the burden of LBI ownership costs. Lastly, since no town currently allows a single-family home to be developed into a multi-family use, a duplex may allow for the construction of a new side by side townhome. Of course, this depends on the lot size and the local zoning codes, but under the right conditions, this can be an excellent investment in the LBI real estate market. Even if they cannot be developed into a new duplex, they can usually be rebuilt into a single-family home.
Buying in the Long Beach Island Real Estate Market
While there are many benefits of owning a multi-family home in the LBI real estate market, there are disadvantages as well. Lending can be a little more challenging and expensive for this property type, so it is best to speak with a lender before embarking on such a purchase. These homes can, in some cases, also see a lower rate of appreciation for the fact that they are not as common on Long Beach Island. In spite of this, they are certainly a good option for all Long Beach Island real estate buyers to consider. 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
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