Buy Under Budget on Long Beach Island

Buy Under Budget on Long Beach Island



 

 

 

 

 

 

Why You Should Buy Under Budget in the LBI NJ Real Estate Market

Buying Under Budget in the Long Beach Island Real Estate Market

When looking to buy a home in the Long Beach Island real estate market it is easy to overspend. Sometimes “going a little higher” can get you a larger home, a better view or a shorter walk to the beach-but that is often not a good idea. It is important to remember that for most buyers, a home on LBI is a discretionary purchase and one that should not become a burden with additional ownership costs.

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

Buy Under Budget on Long Beach Island

The conventional (and often self serving advice for real estate agents) is to buy at the top of your budget and grow into the home. While this may make sense for some, a second home or investment property on Long Beach Island can often require the opposite point of view. Buying a smaller home can have many advantages and the most obvious is the lower price point and lower cost of ownership. By spending less upfront and buying under budget a buyer may be able to rent less (or not at all) and enjoy the home more. Compromises will always have to be made in any price point but staying disciplined in the LBI real estate market can make the entire process more enjoyable. Rather than stretching the budget, it is far better to find a property that can be rebuilt, expanded or resold when the time comes that a larger home or a “better” location is needed.

Buying in the Long Beach Island Real Estate Market

Buying a home is a major investment on Long Beach Island. With the right tools it can be a great investment and vacation property. The key is to understand you goals, need and priorities and work to satisfy as many of them as possible-while staying in budget. Understanding why you should Buy Under Budget on Long Beach Island can be a intrical part of this process. 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

www.BuyLBI.com

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

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