Building a Spec House in the LBI NJ Real Estate Market
The LBI Real Estate Market
There are trends in the LBI NJ real estate market that point to stronger activity and increasing home prices. While these increases are not across the board, the general trend points to an increasing real estate market. With the impacts of Hurricane Sandy fading and the majority of the damage caused by the storm having been repaired, buyers are once again looking to LBI as a smart investment. One very lucrative area of investment on Long Beach Island is Building a Spec House in the LBI NJ Real Estate Market. Through this process, a buyer will purchase a knockdown or vacant land and build a new home to fit the trends of the LBI real estate market to sell on the open market. While this is a roughly year long investment, the return can be tremendous!
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