LBI Real Estate Market Appreciation vs DepreciationLong Beach Island Real EstateThere are a lot of questions in the financial world right now. Inflation is out of control, gas prices are
Is A Brand New Construction LBI Long Beach Island Home Right For You
Dated: July 31 2020
Do you want a home that you have helped design that fits your family's needs? Perhaps having an energy efficiency home to reduce cost is why you want to do this? How about having an instant equity position on this new LBI Home?
Is purchasing a previously owned home better for you? One that may need fix-ups, paint jobs, and walls moved around to create the types of open spaces that make sense today?
These are some of the baseline questions at the forefront of many home shoppers early in the process. Your answers are likely to depend on your lifestyle preferences- do we want to live on the ocean or the bay, or is it to just be on Long Beach Island. Some of you will decide by financing needs and the priorities you put on features like high energy efficiency, functional arrangements of interior living spaces, and your desire, budget, and aptitude for repairs and capital improvements. There are several reasons you might prefer a resale house, even if it needs work. For instance, you may have your heart set on moving to a specific neighborhood on LBI, or you may want that brand new house that you helped design… No home will check the box in EVERY category as perfect homes are rare or not available unless you buy an existing home, tear it down, and build a new home on the lot.
It's all about asking your LBI Realtor questions then walking through all the pros and cons of each of these options.
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