Beach Haven West Real Estate Values
Beach Haven West Real Estate
Beach Haven West real estate market has seen some significant changes since Hurricane Sandy made landfall at the end of October 2012. The area has undergone a major renovation with new construction taking place on nearly every road. When investing or thinking of building a new home, it is important to understand what determines land value in Beach Haven West when looking at buying or selling in the local 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
What Determines Land Value in Beach Haven West
There are three core areas the determine the value of land in the Beach Haven West real estate market. They are:
- The location of a home in Beach Haven West
- The location on a Lagoon in Beach Haven West
- The specific attributes of the property
Beach Haven West covers a large area, and there are major differences between the different parts. Homes that are further west in Beach Haven West will experience a longer travel time by boat to reach the bay. This can often be viewed as a negative, as the additional travel time can be somewhat of a hindrance. Homes that are closer to the Bay, or homes that have direct access to the main waterways, are generally viewed to be more valuable.
The location of a home on the specific Lagoon will also influence the value of the property. Homes that are located at the end of the Lagoon may experience a more shallow depth thus limiting the size boat that can be docked. The end of a Lagoon can also accumulate seaweed and debris not seen in a more central location. Lastly, homes that are on the corner and end of a Lagoon may have limited bulkhead and must have limitations on size boat that can be docked.
Lastly, the specific attributes of the property will determine land value in Beach Haven West. For example, the style and condition of bulkhead can add or detract value from the lot. The overall lot size will also greatly influence the sale price of a home in Beach Haven West real estate market. While most lots in Beach Haven West are 50×80, a larger or smaller lot can influence the price a buyer is willing to pay.
Land Value in the Beach Haven West Real Estate Market
It is important to understand land value and how it relates to investment in the Beach Haven West real estate market. Beach Haven West offers some excellent opportunities, especially in the field of building a new home, however it is important to understand the variables that can add or detract value from a home. Understanding how location and how the specific attributes of the property play into the value can go a long way towards guiding your investment. For more information about what determines land value in Beach Haven West, or the Beach Haven West real estate market in general, 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