Building a New Home in the Beach Haven West Real Estate Market
Beach Haven West Real Estate
Hurricane Sandy, which made landfall at the end of October 2012, changed the face of Beach Haven West. Many of the original homes in Beach Haven West were flooded, which prompted even new construction or elevation of the existing homes. In many cases, due to financial or emotional reasons, a homeowner was not able to be rebuilt, renovated or raised. This often led to the demolition of the home creating an abundance of Beach Haven West building lots. Beach Haven West building lots provide an excellent opportunity to design a dream home at the Jersey shore.
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
Beach Haven West Building Lots
New construction can be one of the best investments a buyer can make in the Beach Haven West real estate market. Apart from having a new home with all the modern amenities, new construction will be more storm ready in the event of another hurricane, and will have a significantly lower flood insurance premium. Prior to building a new home, it is important to understand the nuances of Beach Haven West building lots. For example:
- Lot sizes will vary throughout Beach Haven West
- Financing for vacant land differs from traditional mortgages
- Understanding zoning and setbacks are essential when looking to purchase a Beach Haven West building lot
Beach Haven West was developed in the 1950s and 1960s as a master community. Therefore, there is some degree of uniformity in the lot sizes. In the original developments of Beach Haven West, most locks were 50×80 feet. In the newer developments, such as Eastpoint and The Coves, it is common to see lots with a large with. These areas will typically see 75 foot wide lots. The additional weight allows for greater flexibility in design and larger, more functional room sizes.
When looking to purchase a Beach Haven West building lot it is important to understand the finances associated with the project. Most banks will not lend money on vacant land, nor will they lend money on a construction project. Therefore, creative financing is required or a cash purchase must be made. Construction loans are available from several banks which can help to fund the building project and in some cases the purchase of the land.
Setbacks and zoning will ultimately determine the size of a home that may be built on a Beach Haven West building lot. Most 50×80 lots will allow for a home between 1,800 sq. feet and 2,200 sq. feet. For most buyers, this is adequate to develop a four bedroom home with large living spaces and great views of the Lagoon. It is important to remember to not over develop a lot, as it is possible to spend more on the design and construction of a home that new home would be worth in the Beach Haven West real estate market.
Building a New Home in the Beach Haven West Real Estate Market
New construction offers many advantages but it is important to understand the process. Between purchasing a Beach Haven West building lot and building a new home, the process can take up to one year to finish. It is important to time your purchase, if possible, to allow for the completion of the home in conjunction with the start of the summer season. We have excellent contacts with local builders who can advise on construction details and establish a budget to fit the needs of a homeowner sell for more information about Beach Haven West building lots or building a new home in the Beach Haven West real estate market, contact the Beach Haven West Real Estate Group and we will respond right away.
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