Buying a Spec House in the Beach Haven West Real Estate Market

Buying a Spec House in the Beach Haven West Real Estate Market

Buying a Spec House in the Beach Haven West Real Estate Market
Buying a Spec House in the Beach Haven West Real Estate Market

The Beach Haven West real estate market has been undergoing a tremendous transition since Hurricane Sandy in 2012. Not since the area was originally developed has there been such a massive wave of reconstruction and redevelopment. While many of these renovation and construction projects are the end users, in other words current homeowners who are fixing or building their own home, there are a number of spec builds and renovations in the area as well. It is important to understand what to look for when buying a spec house in the Beach Haven West real estate market.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.beachhavenwestrealestate.com | www.BuyLBI.com

Click here to search all homes for sale in Beach Haven West

Buying a Spec House in the Beach Haven West Real Estate Market

A spec house essentially is a ‘flipped’ house. An investor will purchase a property and renovate or rebuild the home with the intention of selling it. To be properly classified as a flip, the home must be owned less than one year. However in the case of new construction, it will most likely be a longer hold. When buying a spec house in the Beach Haven West real estate market there are a few things a buyer should look for to determine if the investment is a wise choice:

It is difficult for someone who does not have extensive construction experience to properly advise on the methods of construction that were used. Therefore, it is important to consult a real estate agent who does have such experience or a builder during the initial search to provide input in the overall quality of the home. Specifically important are the type and brand of windows, the type of framing used, the type of insulation used, the type of flooring, and the quality of the cosmetic appointments.

It is also crucial to examine the bulkhead. There are three types of bulkheads used in the Beach Haven West real estate market area and this can be a considerable expense in the course of homeownership. When buying a spec house is important to ensure that the bulkhead is in good condition and will not require immediate attention. Lastly, it is important to research the builder and the builder’s track record. This can be done by asking the builder for referrals but more importantly asking the builder to view past projects both inside and out. Any experienced builder in the Beach Haven West real estate market should have a plethora of past clients who are willing to show off their new home.

Buying a Home in the Beach Haven West Real Estate Market

Investing in the Beach Haven West real estate market can be an exciting and profitable experience. The joy of owning a beach house cannot be overstated and living on the water is many people’s dreams! It is also a very expensive investment and one that should not be taken lightly. You must thoroughly inspect any home, be it a spec house or a pre-existing home, and it is vital to work with someone who can advise you through the process. For more information about buying a home in the Beach Haven West real estate market please do not hesitate to contact me.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.beachhavenwestrealestate.com | www.BuyLBI.com

Click here to search all homes for sale in Beach Haven West