Real estate in Wildwood, New Jersey is booming due to the many tourist attractions and many events that take place in the area throughout the year. Consequently, many tourists and visitors from all over the United States and nearby Canada flock to this place for amusement park and boardwalk fun; or just relax and unwind on one of the beautiful white sand beaches.
Apart from that, there are also many fun activities and family events like the annual kite festival, parades, car races and much more. Therefore, if you plan to invest in real estate in Wildwood, New Jersey, then your investment will be worth the amount you spend on your principal because property values will appreciate over time.
Keep in mind that there are several types of real estate in Wildwood, NJ; such as condominiums, duplexes, triplexes or single-family homes. You can choose to have it as your new home or just want to own a unit in this place where your family can stay for a week or a month. If you are not going to be using the property for a while, you can choose to rent it for days or weeks.
There are numerous condominium units that are offered for sale or rent. For sale 3-bedroom units near the beach can cost you approximately $300,000 to $400,000; while weekly condo rentals can range from $500 to $2000 per week, depending on location and facilities.
Triplex with 3 beds located in North Wildwood, a short distance from the beach, can set you back around $400,000; while a few individual homes along 26th Street are offered for sale at just $170,000. So, depending on your budget, preferences, and family needs, you can select from a wide variety of options across various property types.
However, investing in real estate in Wildwood, New Jersey is always worth it considering that this place is one of the many tourist attractions where people would love to go and spend time with all the family, friends and relatives.
Finding Homes in Wildwood, NJ
Finding homes in Wildwood, NJ is not going to be as difficult as you might think because there are so many options to choose from the wide range of options. However, keep in mind that if you want good quality houses near the main roads and beaches, you should be prepared to spend a certain amount of investment because it will not be cheap.
On the plus side, if you look at property prices for the time before the most recent global economic crisis and their current values, you’ll fully appreciate the tremendous deal and great deal you’ll get; taking into account the fact that most prices today are already significantly reduced.
One of the many great things about finding homes in Wildwood, NJ is that there are many credible and trustworthy real estate agents in the area who can help you with your needs. Many of these real estate agents can show you places where there are good properties offered for sale that exactly match your requirements and needs.
If you prefer to live in a condo unit, there are several condos found in North Wildwood near the beach for you to select from; this can cost you between three hundred and four hundred thousand dollars. Aside from that, if you plan to have these condo units as your temporary hideaway or vacation home, you can also choose to rent the place out when you’re not around; giving you potential income. Weekly rentals can range from $1,000 to $2,000 per week; and this is already a good income for you when this is accumulated in a year.
Other options may include single-family homes, triplexes, and duplexes. For a single-family home along North Wildwood’s 26th Street, the projected cost is only $169,000; which is already quite affordable for most middle-income families.
However, finding homes in Wildwood, NJ is easier when you have expert real estate agents to guide you; However, even without the guidance of a professional broker, the search is still very simple to do if you simply go all over the place and do a real inspection of the properties you want to get.