Long Beach Island NJ (LBI NJ) Real Estate Market Investment for the Long Term
Long Beach Island Real Estate
Buying a home in the LBI real estate market can be a good long term investment. Long term or “Bottom Line” investments can include things like stocks, gold, savings accounts and of course, real estate. LBI Real Estate Can Make A Good Bottom Line Investment for several reasons all centered around the unique summer market the exists here. Like any investment the Long Beach Island real estate market carries risk but when the right evaluation has taken place smart investments can be identified.
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
LBI Real Estate Can Make A Good Bottom Line Investment
There are a few reasons why buying a home in the Long Beach Island real estate market can make a good investment.
- Summer rentals: The summer rental market has several advantages. Apart from the obvious of being a steady and reliable source of revenue, summer rental income on LBI helps to limit the number of distressed sales
- Very few short sales and foreclosures exist on LBI: As I mentioned above, summer rental income can be of great assistance to a homeowner who has fallen on hard times. The ability to rent the home can eliminate the need to sell at a loss. This helps to limit the number of distressed sales and therefore helps to keep the LBI real estate market more stable.
- LBI gives you options: Because the land is the valuable part of the market, there are many things you can do with it. A home can be renovated, left as it is or developed into a new home (which usually has a 20%-30% equity position with it). These options allow for flexibility in the LBI real estate investment.
Buying a Home in the LBI NJ Real Estate Market
Bottom line investments will vary in their popularity as the market cycles move and change. For the past several years real estate has ranked very high in the list of preferred investments however when the national market crashed in 2008 or so, real estate was viewed as a risky prospect. Like anything, buying a home in the LBI NJ real estate market comes down to the right property for the right price. When purchased correctly the LBI real estate market has tremendous upside potential. 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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