Benefits of Owning a Jersey Shore Condo

Lower costs, less maintenance, a lower down payment and added amenities are just a few of the benefits of owning a Jersey Shore condo instead of a home.You love the Jersey Shore.  You and your family have spent many summers here.  Now is a great time to buy.  Worried about the cost and upkeep of a single-family home?  Have you considered condos?  There are several benefits of owning a Jersey Shore condo instead of single-family home.

Benefits of Owning a Jersey Shore Condo

Search homes for sale at the Jersey ShoreThe cost and maintenance of a home might scare off some First Time Buyers. But they’re tired of renting.  For the older generation, retirement looms on the horizon.  They’re empty nesters looking to downsize.  Others need a weekend getaway or want to spend the summer at the beach.  A Jersey Shore condo fits nicely into all scenarios.

Lower Down Payment Required

One of the biggest obstacles Buyers face when buying a home is the down payment.  For First Time Buyers, it feels especially daunting.  They don’t have any profit from a previous sale to utilize.  With a Jersey Shore condo, you most likely need less money down to get a loan.  That’s because the cost of a Jersey Shore condo tends to be much less than a single-family home.  For Buyers looking to downsize, you might not have to put all your profit from your previous sale down on the new property.  That leaves extra to spend on renovations, retirement, travel or anything else you desire.

Less Maintenance

Jersey Shore condos occupy a much smaller footprint.  A smaller home means less maintenance.  No more mowing lawns, repairing roofs or fixing cracks in the driveway.  HOA fees typically cover groundskeeping and building maintenance.  Also, many condo buildings offer fantastic amenities such as pools, gyms, tennis courts and recreational activities.  This is all included in your HOA fees.  This is really great if this Jersey Shore condo is your weekend or summer getaway.  You don’t have to worry about the upkeep while you are gone.  It’s ready for you when you get back.

Lower Costs

No one enjoys paying utility bills.  However, with a Jersey Shore condo, they cost less than a large single-family home.  Why?  The smaller footprint.  The savings you receive here could help fill the coffers for a bigger Jersey Shore home down the line.  That’s helpful for new property owners.

When you’re ready to start looking at Jersey Shore condos, please feel free to contact me.  Not sure where to look?  There are some great summer rentals available right now.  This can help you decide on a permanent location without the commitment of a purchase.  Besides, a summer rental gives you plenty of time to look around without feeling rushed.  I’d love to hear from you.  Call me now!

FEATURED JERSEY SHORE HOME OF THE WEEK

3851 Boardwalk, Atlantic City, NJ - click here for more information on this ocean view condo for sale in Atlantic City.

For more information on this and other homes for sale on the Jersey Shore, please visit my Featured Listings page.

Sherri Lilienfeld, Helping You Live Your Jersey Shore Dream

Good-bye Sands Casino

 

by Sherri Lilienfeld

For information on Atlantic City Properties please visit www.JerseyShoreDreams.com 

Atlantic City Sands Casino Hotel before the implosionIt was a historic day in Atlantic City, NJ – the first East Coast casino implosion to take place started at 9:30 PM on October 18, 2007 with a wonderful display of fireworks.  Approximately 7 minutes later, the Sands Casino building was gone. 

Pinnacle entertainment is building a brand new mega casino/entertainment center at the site.  It is the first major casino project on the boardwalk in 20 years. This project is just one of many major development projects happening in Atlantic City including MGM’s recent announcement to build a $5 billion hotel, gambling and entertainment complex next to the Borgata Casino and Resort in the Marina Section of Atlantic City, and the $2 billion mega casino being built next to Showboat by Morgan Stanley.

“The implosion is a milestone event in the history of Atlantic City and of Pinnacle Entertainment,” said Daniel R. Lee, chairman and chief executive officer of Pinnacle Entertainment. “Our plans can now move forward to develop a project that will help transform the Atlantic City gaming, hospitality and convention industry.”

If you are thinking of investing at the shore, have you considered Atlantic City?  It has it all – beach, boardwalk, shopping, restaurants, entertainment AND offers all-year-round activities.  It is one of the few communities that is still a great place to invest.  All the “big guys” are betting on Atlantic City – why not you?

 Click here to see the on-line video of the Sands Casino Implosion and learn more from Pinnacle Entertainment

To find out about Atlantic City and other Jersey Shore vacation or investment opportunities contact Sherri Lilienfeld at Sherri@NJ-ShoreRealEstate.com or go to http://www.jerseyshoredreams.com/

MGM to Spend $5 billion for Hotel, Gambling & Entertainment Complex

By Suzette Parmley, Philadelphia Inquirer Staff Writer

Posted Thursday, October 11, 2007.

ATLANTIC CITY – MGM Mirage said yesterday that it would place a huge bet on the future of this seaside resort with the biggest casino project in Atlantic City’s history: a massive 3,000-room hotel, casino and entertainment complex with a $5 billion price tag.

When MGM teamed up with Boyd Gaming Corp. four years ago to build the $1.1 billion Borgata Hotel Casino & Spa in this city’s Renaissance Pointe, it redefined Atlantic City’s skyline and completely altered the East Coast gaming market.

But MGM’s announcement on October 10, 2007 of the MGM Grand Atlantic City raises the bar considerably, and rivals or surpasses in cost the world’s most expensive casino projects under construction in Las Vegas and Singapore. Continue reading “MGM to Spend $5 billion for Hotel, Gambling & Entertainment Complex”