New Construction in the Southern Ocean County Real Estate Market
New Construction Options in Southern Ocean County
When searching for a home in the Southern Ocean County real estate market it is a good idea to consider new construction and the prospect of building a new home in your search. In the wake of Hurricane Sandy there are some excellent building opportunities available especially on Long Beach Island, Beach Haven West, areas of Little Egg Harbor, Tuckerton Beach and Barnegat Township. There are also some excellent building opportunities for the inland areas of Stafford Township and the other areas of the Southern Ocean County real estate market. Building a new home presents a unique set of challenges but can be very rewarding and offer you as a consumer the ability to get everything you want in a home. From a financial standpoint, a new home will usually have more value in the local real estate market and it is possible to realize immediate equity in the finished product.
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Understanding New Construction in the Southern Ocean County Real Estate
If you are considering building a new home in the Southern Ocean County area it is important to understand the characteristics you should look for in your search. There are a few key points that you must be aware of when searching for locations to build a new home. They are:
- The size of the lot for sale in the Southern Ocean County real estate market
- The local zoning ordinances in the town you’re searching
- The estimated cost of construction the means of payment such as a construction loan a Homestyle loan or other sources of funding
Every township in the Southern Ocean County New Jersey real estate market has different Planning and Zoning guidelines. Therefore it is important to understand what rules apply when searching for a building lot. For example, on Long Beach Island you can develop roughly 33 percent of a lot and you must maintain a minimum of 15 feet between structures. Other townships, for example Beach Haven West, have less restrictive setbacks so it may be possible to build a larger house on a smaller lot. If you are considering building a new home in Beach Haven West or other waterfront areas in the Southern Ocean County real estate market, it is important to understand that the involvement of CAFRA maybe need it when building on the water.
The cost of construction must be considered and will vary greatly depending on the finishings you choose to put in your house. For example, if you would like granite counter tops in your kitchen you may have to sacrifice elsewhere in the house in order to stay within your budget. Many times Builders will offer a set standard of finishing in an estimated price per square foot but it is important to be clear and understand exactly what you will be getting for your money. Typically, the cost of construction should run somewhere between 150 and 170 dollars per square foot for a quality home with the finishes expected in the current market. New construction will often come with a home warranty they can help protect against an damage or repair in the near future. It is important to understand what is covered and for how long can make sure you have a reserve fund just in case. It is also advisable, that you have the home inspected by a qualified inspector even though it is brand new.
Buying a Home in the Southern Ocean County Real Estate Market
If you’re considering building a new home in the Southern Ocean County New Jersey real estate market we can help. We have extensive experience in new construction and can guide you through the local zoning and building process in the various townships of Southern Ocean County. We have contacts with a local builder, Tradewinds Builders, who has done extensive projects in the Southern Ocean County real estate market including the areas of Long Beach Island, Beach Haven West, Waretown and elsewhere in the local area.
The Beach Haven West Real Estate Group and Southern Ocean County Real Estate Specialists
Farrah Pileggi 201-952-4131| Kim Pileggi 732-887-4853 | Nathan Colmer 609-290-4293