| Is this weather making you dream about purchasing a beach house? It’s the very best time of the year to purchase a vacation home! |
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| While vacation home prices have increased a bit this past year, they are still considered historically low…but there are a few things to consider. Experts recommend buying a vacation home for recreational reasons and NOT investment. While you can make a nice rental income, it won’t always pay for the cost of the home. Instead, think of yourself as the number one renter! |
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| Additionally, maintenance & insurance can be a bit higher than your primary home in the suburbs (sometimes this can be offset by lower taxes—ask your agent for specifics).
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| Some of the most popular beach house areas? Three local beach spots make Marketwatch’s top ten: Ocean City, Maryland at #4, North Wildwood at #2, and Ocean City, New Jersey at #1. That’s right, OCNJ claimed the national number one spot! But with a median home price of $525,000, OCNJ isn’t always the most affordable. That award goes to its neighbor in North Wildwood—you can find a nice home near the beach for $200k! |
| We’re lucky to have some great agents in New Jersey, and a few of them have vacation homes in some of these areas. If you’re interested in a vacation home, give us a call at 215 699-5555. We’d love to welcome you to the neighborhood! |
