Long Beach Island NJ Real Estate New Construction Home Size
Size Matters in the LBI Real Estate New Construction Market 
Size Matters in the LBI Real Estate New Construction Market 
Size Matters in the LBI Real Estate New Construction Market
New Homes in the Long Beach Island Real Estate
As more and more homes are torn down and built new, I get a lot of questions about design, layout, and size. The size of a house matters a great deal, but maintaining a balance between the market, your budget, and your needs should always be kept in mind. Depending on the location of a building site, there may be an opportunity to develop three levels of living space-but, adding that sq. footage comes at an additional cost. Understanding the basics of the LBI real estate market and what drives value can help you to develop a balance between size, budget, and the market.
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
Size Matters in the LBI Real Estate New Construction Market
When building a new home in the LBI real estate market, and you have space to do so, several constants should be kept in mind. A home should have the following characteristics at a minimum:
- 4-5 bedrooms with at least one private bathroom
- An open floor plan with a 2nd family room
- 2,200-2,800 sq. feet ideally
Of course, the above are very general guidelines, but they tend to meet the wants of the LBI real estate market. This is especially true if you intend to rent the house. A smaller home can still accommodate most or all of these features if it is designed well. Additionally, a home should ideally have an elevator (especially true if it is reversed living) or at least an elevator shaft. Speaking of reversed living, while this is the norm in new construction design on Long Beach Island, it is not always the best path forward. We see more and more emphasis on outdoor space, so if there is no tangible benefit to making a reversed living (i.e., having a view), then making a non-reversed living home can make far more sense. Every building site is different, and you should be able to work with your real estate agent in conjunction with your builder to determine what makes the most sense from an investment standpoint as well as a personal standpoint. Keep in mind that the above is a best case scenario. Sometimes there are restrictions placed by lot size, budget or layout, and that’s ok! Buyers in the LBI real estate market and those looking to develop a new home should try to meet as many of the design elements outlined above as possible.
Building a New Home in the Long Beach Island Real Estate Market
Building a new home in the LBI real estate market is one of the best investments you can make on Long Beach Island. When handled correctly, you should have a 20%-30% equity position in the project. This gives you a massive edge on the market and allows you to have more house for your money. When taking on this project, keeping a balance is critical, and I can help you determine what makes sense from a market investment point of view as well as offer suggestions to help you enjoy the house yourself. 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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