Ownership Costs in the LBI Real Estate Market
Ownership Information in the Long Beach Island Real Estate Market
When buying a home on Long Beach Island, the purchase price is only part of the equation. Ownership costs in the LBI real estate market—including property taxes, flood insurance, maintenance, utilities, and seasonal expenses—can significantly impact your budget and long-term investment. Whether you’re purchasing a vacation home, a rental property, or a year-round residence, understanding these costs upfront ensures smarter financial planning and helps you avoid surprises after closing.
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Be sure to budget for the annual maintenance of your LBI home. These expenses will vary, but typical items and estimated costs will include
yard treatment for weeds ($250-$350/year)
repair from winter storms (siding, roof shingles, etc) most of which can be handled by a handyman ($500-$1,000)
winterizing the house if you will not use it in the off-season to avoid frozen pipes ($300-$400)
property cleanups with a landscaper and/or power washing ($500-$2,500)
general repairs ($500-$1,000)
If you plan to rent the house, there will usually be more annual expenses incurred. Some common items that must be addressed are small appliance replacement, occasional interior painting (especially in the staircases), and AC servicing.
Repairs & Maintenance
When owning a home on Long Beach Island, it's important to budget for annual maintenance. Typical expenses include yard treatment ($250-$350), storm damage repairs ($500-$1,000), winterizing the house if unoccupied ($300-$400), property cleanups and power washing ($500-$2,500), and general repairs ($500-$1,000). If you plan to rent the home, additional costs like small appliance replacements, interior painting, and AC servicing should be expected.
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Nathan Colmer
C: 609-290-4293 O: 609-492-1511 Email Me
I’m Nathan Colmer, and I’ve spent years living, working, and exploring every corner of Long Beach Island. My deep knowledge of LBI comes from hands-on experience—understanding the unique character of each town, the nuances of oceanfront and bayside properties, and the factors that drive this market. Whether it’s flood zones, elevation requirements, or rental income potential, I know what matters because I’ve helped countless clients navigate these details successfully. My goal is simple: to provide you with clear, honest guidance so you can make the best decision for your lifestyle and investment.
