Yes, there has been a boom in the building industry and a surge in home prices in many parts of the Garden State over the past recent years. What are some of the reasons for the boom and how does that effect the local real estate market? In Central Jersey, primarily in Monmouth and Ocean Counties, the pandemic has also had a dramatic effect on the local real estate values.
The Jersey Shore, especially along the coastline, has seen increased building activity in areas still rebuilding from Superstorm Sandy. Since then, homes have been lifted, demolished, torn down, and rebuilt as new. Due to federal funding, the strong demand to be near the beaches and boardwalks of the Jersey Shore has only gotten stronger. People also retire where they vacation, and the Jersey Shore has retained a strong active adult and retirement community market.
And then Covid-19 hit the world. People in NJ, many of whom commute, are now working remotely. Redesigning the home office has become a nationwide trend. Also, and increase in home schooling and family time has taken on a whole new meaning since the beginning of a pandemic.
Existing home prices have gone up dramatically. Many New Jersey residents have plenty of equity built into their home and they are not afraid to spend it. New kitchens, bonus rooms, finished basements, bonus outdoor spaces and remodeling of bathrooms have all made the list of top renovations.
Re-imagine your home and the way you live in it. Would your family benefit from adding living space and upgrading the current spaces in your home? From exterior facades to adding rooms (and even levels), enhancing your home environment is the new normal. But finding the right contract can be a challenge.
Diamond Builders has been building new construction and renovating homes for over 30 years. Contact us by visiting our website www.diamondbuildersnj.com or email us at diamondgirl729@optonline.net or call us at 908.670.6911.
About Diamond Builders
Building the perfect home starts with great design. Diamond Builders takes pride in every aspect of our design build process. Diamond builders has formed a solid niche for custom homes design and new home construction that has lasted over 25 years.
