Building a New Home in the Beach Haven West Real Estate Market

Building a new home is an investment of both time and money, however it can offer tremendous rewards. There are a few core elements any home buyer were homeowner needs to understand prior to taking on such a project. They are:

• Selecting the right location with the right property attributes
• Selecting the right construction method and determining a budget
• Obtaining financing for the project

The old adage of location, location, location is certainly true in the Beach Haven West real estate market. Beach Haven West is a large and diverse community with advantages and disadvantages present in each property location. For example, a home further back in Beach Haven West will have a longer boat ride through the lagoons to reach the open bay. That said, a home that is deeper in Beach Haven West is typically closer to the main roads thereby shortening the distance one must drive to reach their home. It is also important to make sure a both will fit under the bridges in Beach Haven West so as to avoid additional travel time. When buying a property to build in Beach Haven West, it is also important to assess the health of the bulkhead.

Selecting the right construction method in determining a budget is of course important step. There are two main options for building a new home in Beach Haven West. The first is the traditional stick built home. This involves hiring a builder and essentially starting from scratch to build a new home. This allows for greater flexibility in the design and construction of a home. The second most commonly used method is a modular construction. Modular construction involves bringing individual units which are built off-site together and assembling them on the property. Modular homes may offer quicker construction timeline at a lower price, however they can be prone to cracking at the seams of each unit. While not a structural problem, this is an aesthetic concern that may bother people. The cost of building a home will vary greatly depending on the different styles of construction and the finishing touches. A good ballpark number to use is between $150 and $180 per square foot.

Obtaining financing can be difficult but with the right resources and contacts is possible to find a lender who will offer favorable terms. Construction loans will typically have a higher interest rate and will be interest only loans. These loan products will charge interest on the money that is used for the construction and will generally roll over into a conventional loan once the project is complete. There are different loans for primary and secondary homes so it is important to understand your options prior to building a new home in the Beach Haven West real estate market.

Selecting The Right Location

The old adage of location, location, location is certainly true in the Beach Haven West real estate market. Beach Haven West is a large and diverse community with advantages and disadvantages present in each property location. For example, a home further back in Beach Haven West will have a longer boat ride through the lagoons to reach the open bay. That said, a home that is deeper in Beach Haven West is typically closer to the main roads thereby shortening the distance one must drive to reach their home. It is also important to make sure a both will fit under the bridges in Beach Haven West so as to avoid additional travel time. When buying a property to build in Beach Haven West, it is also important to assess the health of the bulkhead.

Selecting The Right Method of Building and Establishing A Budget

Selecting the right construction method in determining a budget is of course important step. There are two main options for building a new home in Beach Haven West. The first is the traditional stick built home. This involves hiring a builder and essentially starting from scratch to build a new home. This allows for greater flexibility in the design and construction of a home. The second most commonly used method is a modular construction. Modular construction in Beach Haven West involves bringing individual units which are built off-site together and assembling them on the property. Modular homes may offer quicker construction timeline at a lower price, however they can be prone to cracking at the seams of each unit. While not a structural problem, this is an aesthetic concern that may bother people. The cost of building a home will vary greatly depending on the different styles of construction and the finishing touches. A good ballpark number to use is between $150 and $200 per square foot.

Obtaining Financing For The Project

Obtaining financing can be difficult but with the right resources and contacts is possible to find a lender who will offer favorable terms. Construction loans will typically have a higher interest rate and will be interest only loans. These loan products will charge interest on the money that is used for the construction and will generally roll over into a conventional loan once the project is complete. There are different loans for primary and secondary homes so it is important to understand your options prior to building a new home in the Beach Haven West real estate market or on Long Beach Island New Jersey.

Get Your Beach Haven West Home Search Started with Farrah Pileggi

C: 201.952.4131 | O: 609.492.1511 | E: fpileggi@vandykgroup.com

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