Are you thinking about becoming a landlord?

At Jersey Cape Realty, we often get questions from prospective buyers about what is involved in being a landlord.  With so many homes in Cape May being investment/rental homes, this is a huge consideration when thinking about purchasing.  Renting a home to vacationers can provide a solid income to offset mortgage, tax, utility, insurance and maintenance bills.  The key, however, is to make sure you are prepared to handle the rental business.

First and foremost, you need to ask yourself if you can bear to have someone using your house.  You must be able to walk away and allow your guests to enjoy their time at your home without interruption.  Think of what made you feel most welcome the last time you vacationed and try to recreate that good feeling for your tenants.

In considering furnishings and amenities, a good rule of thumb is to equip the home with all the necessary comforts but do not leave anything in the home that you absolutely couldn’t live without or that has extreme sentimental value.  Accidents happen and you wouldn’t want that favorite item to get damaged.  Landlords will often set aside a closet where they can lock away special items.

It is always good to know what the local ordinances and requirements are for vacation rentals.  As the owner, you want to make sure you are in compliance with all requirements for legal and safety issues.

Another consideration is how close your primary residence is to the rental property.  Are you within a short drive in case of emergency?  What about regular maintenance?  If you are planning to handle that yourself, you will want to consider the distance and time spent traveling back and forth.

It is good to think about how vacation rentals are transacted.  How will you attract tenants to your home?  How will you best position the property for the highest visibility in the rental market?  Once tenants are interested, how will you screen them? How will you finalize the rental, collect rent and security deposits?  How will you take care of check-in, check-out and any tenant emergencies?  You may want to be involved in the process or totally hands off.

If this sounds like a lot of work, the perfect solution would be to call Jersey Cape Realty! The Rental Team as Jersey Cape Realty has worked with many landlords over the years.  Everyone has to start somewhere and the professional rental agents at Jersey Cape Realty are happy to take the time to review the entire rental business with new landlords.  The Jersey Cape Realty Rental Team consists of full time Realtors dedicated solely to the rental business.  They work day in and day out to maximize your rentals and be the welcoming voice for your tenants, answering questions ranging from availability and rent amounts to where to get a good burger or the cost of beach tags.

In addition, the Jersey Cape Realty Rental Team will market your property, both online and in print, to attract tenants.  They will prepare leases and circulate them for signature to formalize rentals.  Jersey Cape Realty will handle all rental accounting for you, including security deposit collection and disbursement.  Your tenants will check-in and check-out at the Jersey Cape Realty office (curbside service in summer) which frees you from that responsibility.  The Jersey Cape Realty Rental Team will provide your tenants with an emergency contact number for 24/7 coverage.  Jersey Cape Realty will be happy to help coordinate any maintenance or repair issues, and can provide suggestions for local workmen to save you from traveling.  This is just a sampling of what the Jersey Cape Realty Rental Team can do for you.If you have any questions about becoming a landlord, please contact the qualified, experienced agents at Jersey Cape Realty, 609-884-5800. The Jersey Cape Realty Rental Team looks forward to helping you and your guests.

The Cape May Vacation Rental Market is Booming!

Have you started looking for your vacation getaway for this summer yet?  According to a number of agencies up and down the Jersey coast, the rental market has been very active this year (see Philly.com article).  If you haven’t begun your search, now is the perfect time! View Jersey Cape Realty’s large inventory of vacation rentals online here.

We took a minute to talk with the rental team at Jersey Cape Realty. The agents indicated that many tenants reserved for 2017 as they were leaving in 2016.  This has become a popular trend as families grow accustomed to their favorite accommodations and want to be sure to have first dibs for the following year.  For larger beach homes or those with pools, re-upping at check-out is almost the norm anymore, making it difficult for new tenants to get on the booking calendar.  In fact, savvy planners start looking in September for the following season to get the most selection.  This is especially important if a tenant is locked into a specific week, has a special request, or is trying to accommodate a large number of guests.  Cancellations do happen but are rare so you can’t count on getting in that way.

The Jersey Cape Realty agents said that call volume has been very strong, along with daily walk-in visitors wanting to view properties in person prior to booking.  Guests can preview numerous vacation choices on Jersey Cape Realty’s rental site.   The agents are also happy to show guests through the homes for those that can make the trip.  It’s always best to call ahead so the agents may make arrangements with owners for showings.  Owners use the off-season to keep their homes in good repair so often there are maintenance projects going on.

For a sampling of what you might find in Cape May, during the 4^th of July week, there are currently some one bedroom beach block condos (some have a pool), sleeping 4, starting at $1400; a three bedroom, two bath, pet-friendly home, sleeping 7, for $2500; some 2 bedroom apartments, sleeping 6, within a short walk of the beach or mall starting at $1200; along with some 5 bedroom homes, accommodating from 8 to 16 and ranging in price from $2950 to $8000.  As you can see, there are still many nice options – and surely one that is just perfect for you!

Contact the friendly, full time rental staff at Jersey Cape Realty for help finding your perfect vacation home.  The agents welcome your questions and are not only rental experts, but are Cape May experts, offering lots of information about things to do, where to shop, places to eat, and even some local folklore.  Call now, 609-884-5800, or stop by Jersey Cape Realty at 739 Washington Street in Cape May, open 7 days a week.

Spring has Sprung! Jersey Cape’s real estate market update..

As we write this, it is still winter but the Spring buying market is upon us!  New construction is booming with high demand. Savvy buyers are coming into the market to lock in lower interest rates now, as indicators point to higher rates later this year. Available listings are trending lower than the demand, meaning it’s a great time for sellers to get into the market.

A look at the current market shows us that:

Cape May currently has 44 single family residential homes available, with the lowest price at $292,000 and the highest at $5,695.000.  The median price (half are above and half are below) is $891,500. Cape May Point offers 15 residential homes, with a low price of $475,000, a high of $2,499,900 and the median being $695,000.  West Cape May has 23 single family homes for sale with the lowest starting at $280,000, the highest at $999,000, and the median at $699,000.

Let’s take a look at sales for the beginning of 2017.  From January 1 through February 15, Cape May had 13 single family residential homes sell.  The lowest sold price was $570,000 while the highest sold price was $2,750,000.  The median sold price was $799,000.  In West Cape May, 7 homes have sold with a low selling price of $365,000 and a high of $653,000.  The median West Cape May price was $425,000.  There are no reported single family residential home sales yet for Cape May Point this year.

Regarding residential homes under contract right now, there are 18, with 7 in Cape May, 3 in Cape May Point, and 8 in West Cape May.  The average sale price for those under contract is $725,816.

While the market offers some nice buying opportunities, there is certainly room for more listings as the Spring market heats up with pent up demand.  Jersey Cape Realty can help!  If you are thinking of selling, give us a call today for a no obligation market analysis on your home.  If you are considering buying, we’d be happy to discuss the current options with you.   Call or email today, 609-884-5800.

3 of the Most Beautiful Houses for Sale in North Cape May, NJ

If you’re relocating to the Jersey Shore, consider purchasing a home in North Cape May, New Jersey! This beautiful residential community is located within the Lower Township of Cape May County and is a wonderful place to live. Residents enjoy a wide variety of attractions including restaurants, wineries, and shopping destinations. It’s also the site of the Cape May-Lewes Ferry terminal. Whether you’re on the hunt for a retirement home or rental property, these houses for sale in North Cape May, NJ, have everything you’re looking for and more. Here are some of our favorites.

Learn more about the many neighborhoods of Cape May on our concierge page. It’s full of information on great places to reside, including houses for sale in North Cape May, NJ!

Featured Listings in North Cape May, NJ

112 Old Mill

112 Old Mill is a split-level home with three bedrooms, two full baths, and additional rooms on the lower level. This comfortable family home is near all the area has to offer, but is situated on a nice, quiet street. It even comes with an above ground pool and all of the operating pool equipment! 112 Old Mill is truly a turn key home with no work to do. Email James Cheney at jim@jerseycaperealty.com to schedule a showing.

600 Howland

Step onto the front deck and into your new home at 600 Howland! Just five minutes from the Delaware Bay, this beautiful home offers access to a myriad of local attractions including the Cape May Ferry, Willow Creek Winery, the award-winning Cape May Brewery, and more. After a fun day out, come home and cook dinner in the galley-style kitchen or curl up in the large living area. 600 Howland also has three bedrooms, two baths, and a 560-square foot detached garage. Feel free to contact Kate Weber at kate@jerseycaperealty.com for more information.

409 Teal

Are you searching for an updated home that’s move-in ready? Look no further than 409 Teal in North Cape May. Features include a completely remodeled full bathroom, new french door refrigerator, new Bosch dishwasher, new carpet, new gutters, and refinished hardwood floors. Additionally, most windows and interior doors have been replaced. This three bedroom, 1.5 bath home is centrally located to local wineries, farmers markets, and Delaware Bay beaches. Email Henry Lanzalotti today at hlanzalotti@yahoo.com for a private showing.

Explore North Cape May with Jersey Cape Realty!

Now that you know all about the best houses for sale in North Cape May, NJ, it’s time to find the right home for your family! The agents at Jersey Cape Realty know the market well and will work tirelessly to find you the property of your dreams. We’ll even guide you through the entire buying process, ensuring an easy and stress-free experience. Browse our featured listings and give us a call to schedule a showing. We look forward to hearing from you!

Looking for more information on Cape May real estate?
Read our blogs about West Cape May and Cape May Point!

Featured Photo: 112 Old Mill, North Cape May, NJ

Some of the Best Things to See at the Cape May Convention Hall

The Cape May Convention Hall is a state-of-the-art facility in Cape May, New Jersey. Situated directly on the beach, the 20,000 square foot building features two event halls, a catering kitchen, meeting room, wraparound deck, and a multi-purpose atrium. It even offers spectacular views of the beach and ocean! Whether it’s a rock concert or wedding, the Convention Hall’s top-notch service and equipment make any event unforgettable. Here are some of the things you’ll find there.

Learn more about the Cape May Convention Hall on our concierge page! It’s full of information on the best things to do and see at the Jersey Shore.

Plan a Trip to the Cape May Convention Hall

Concerts, Events, and Activities

From the Cape May Music Festival in June to the CMPD Christmas Celebration, there’s always something going on at the Convention Hall. Guests can attend a myriad of events including live music performances, seminars, comedy shows, and more. Be sure to check the Cape May events calendar for dates and times.

Did you know that the Convention Hall has its own skating rink? Visitors of all ages may bring their own roller skates or rent them from the facility. Admission is just $5 per person and soft drinks, water, and light snacks are offered at the rink’s concession stand.

Movies on the Beach

The Cape May Convention Hall is the site of Movies on the Beach, a family-friendly program that takes place every Thursday from July to August. All you have to do is bring a beach chair or blanket and enjoy a free movie in the sand! No beach tags are required. Children’s activities are offered at 8 p.m. and the featured film begins at 8:30 p.m. In the event of rain, the movie will be shown inside the Convention Hall.

Weddings

If you’re planning to tie the knot, consider having your wedding in the Convention Hall ballroom! Located just steps from the Atlantic Ocean, the ballroom combines the best qualities of indoor and outdoor events. The facility staff can customize weddings, rehearsal dinners, and brunches to meet your desires and budget. They’ll work with you to ensure that your wedding is memorable and fun! Enjoy unlimited flexibility in choosing your own vendors such as caterers, musicians, and wedding coordinators. Call Pat Devlin at (609) 884-9527 for more information or to book a tour.

Experience the Best of Cape May with Jersey Cape Realty!

Now that you know all about the Cape May Convention Hall, it’s time to become a permanent Cape May resident! The agents at Jersey Cape Realty know the market well and will work tirelessly to find you the home of your dreams. We’ll even guide you through the entire buying process, ensuring an easy and stress-free experience. Browse our featured listings to see what’s available, then give us a call to schedule a showing. We look forward to hearing from you!

For more information on fun things to do in Cape May,
read our blog about visiting the Washington Street Mall.

Photo Courtesy of DiscoverCapeMayNJ.com.

What You Need to Know About Buying a Vacation Home in Cape May

Whether it’s in the mountains or at the beach, buying a vacation home is a dream come true for many Americans. There’s nothing better than being able to pack up and get away whenever your heart desires, and Cape May, New Jersey, is the perfect place to do so! You can purchase a vacation home for family getaways, a place to retire, or to generate income from renters, and Jersey Cape Realty can help you with all three. Here are a few things to think about as you begin your search.

Advice for Buying a Vacation Home in Cape May

1. Consider renting out your home.

A home’s rental potential can greatly affect its resale value, so it’s smart to shop for homes that you can rent out to other vacationers in Cape May. We suggest visiting the area during different seasons to help you understand the weather, atmosphere, and crowd patterns before buying. Our agents are also happy to show you how much rental income to expect from your Cape May vacation home.

2. Understand the costs.

Before you sign on the dotted line, make sure you know the cost of ownership. From property taxes and insurance to repairs, maintenance, and fixed expenses like gas and electric, it’s important that you know what you can afford. You don’t want to purchase a home and then realize you’re in over your head! Our agents are here to help you find the best mortgage rates, title insurance, homeowners insurance, and more.

3. Use your vacation home as much as possible.

One of the biggest mistakes that buyers make is purchasing a vacation home that sits empty for months or even years on end. If you buy a home and can’t be there enough, the maintenance and financial strain can take its toll. Think about relatives, parents, clients, or friends who can also take advantage of the house when you’re not around. A vacation home is often a great way to bring distant family members and friends closer together.

4. Don’t wait!

With the strong recovery of the real estate market, now is the perfect time to purchase a vacation home. Prices are near or below their five-year lows across the country, and the number of vacation home sales in 2014 was the highest since 2006, according to the National Association of Realtors. No matter how you choose to use the property, buying a vacation home in Cape May can be a great investment.

Find Your Dream Home with Jersey Cape Realty

Now that you know the facts, it’s time to hire the best real estate team to find your perfect home! Our agents know the area and property values and will guide you through the entire buying process. Whether you’re planning to purchase a home in West Cape May, Cape May Point, or any other neighborhood on the island, we’ve got you covered! Be sure to check our real estate page to see what’s available now, then give us a call. We look forward to hearing from you!

Looking for a brand new home to call your own?
Check out our blog about new construction in Cape May, NJ!

Photo Credit: omgimages | Getty Images

Your Guide to the Best West Cape May Real Estate

Are you relocating to the Garden State? Consider moving to West Cape May, New Jersey! This vibrant residential community is known for its Victorian charm and rich agricultural history. It’s also home to many restaurants, boutiques, and art galleries. Whether you’re planning to retire or raise a family, West Cape May has just what you need. Here are some things you should know about West Cape May real estate.

About West Cape May Real Estate

West Cape May is located just east of Broadway. It’s a bit more rural than downtown Cape May but is still close enough to walk or bike into town. Surrounded by farmland, the lots here are larger and the streets are less busy – giving residents the feeling of quiet country living. You’ll find both historic homes and new construction in this area.

Local Attractions

The borough of West Cape May is very active with events like the Lima Bean Festival, Strawberry Festival, holiday parades, and farmer’s markets. It’s also home to the historic Whilldin-Miller House, a timber framed two-story home that was built by Joseph Whilldin in 1715. The front portion of the house was built in 1860, making it one of the oldest remaining houses on Cape Island.

Residents of West Cape May enjoy access to a vibrant art and music scene. Listen to a live band at a sidewalk cafe, or go treasure hunting at a local antique shop. You can even take a scenic bike ride out to the lighthouse. Whatever your interests or desires, West Cape May has something for everyone.

Featured Listings in West Cape May

Black Duck on Sunset

Do you dream of running your own restaurant? West Cape May has an acclaimed, award-winning eatery that’s available for sale! Black Duck on Sunset offers a turn-key opportunity to take over a very successful and popular restaurant. It’s licensed for 55 seats and includes off street parking and high visibility from the intersection of Sunset Blvd., Broadway and West Perry Street. The property also has potential for an apartment upstairs.

313 Fow

313 Fow is a 3 bedroom, 2.5-bath home in West Cape May. Just three short blocks from the beach, this custom built home offers 2,940 square feet of living space. Features include a living room, kitchen, dining room, master bedroom suite with private deck, enormous great room, and a third floor deck with views of the ocean and the Cape May Point Lighthouse.

Contact Jersey Cape Realty Today!

Now that you know all about West Cape May real estate, it’s time to find the perfect home! The agents at Jersey Cape Realty know the market well and will work tirelessly to find you the property of your dreams. We’ll even guide you through the entire buying process, ensuring an easy and stress-free experience. Browse our featured listings and give us a call to schedule a showing. We look forward to hearing from you!

Looking for more great neighborhoods in Cape May?
Read our blog aboutCape May Point real estate!

Photo Credit: Feverpitched | Getty Images

What Is the Best Cape May, NJ, Spa?

Are you in need of a relaxing spa getaway? Consider a trip to Cape May, New Jersey! This laid-back seaside town is home to a variety of health centers, salons, and day spas that will ease your body and mind. You can spend the day exploring the beach, then enjoy a therapeutic massage or detoxifying facial. It’s the perfect way to unwind! Here are some of our favorite places to go for a little R&R.

The Top 6 Spas in Cape May, NJ

1. Sea Spa at Congress Hall: With cabana-style treatment rooms and a full menu of ocean-inspired services, The Sea Spa at Congress Hall is perfect for a serene seaside escape. Their lotions and oils are derived from seaweed, algae, and other marine elements. They also have a variety of locally-sourced Beach Plum Farm products available for purchase. Visit the Sea Spa website to take advantage of their seasonal packages and specials. 

2. Evolution Salon & Spa: The team of licensed professionals at Evolution Salon & Spa are experienced in the latest spa techniques and state-of-the-art equipment. Visitors can choose from a full menu of services including acupuncture, massages, body wraps, and facials. They even offer a number of treatments for men! Call (609) 889-6900 or go online to book your appointment.

3. Artizan Salon & Spa: Whether you need a new hairstyle, manicure, pedicure, or a wax, Artizan Salon & Spa has you covered. This facility offers a wide variety of services and delivers the kind of quality you expect from a professional salon and spa. Enjoy snacks, beverages, and free wi-fi during your visit.

4. 316 Day Spa: 316 Day Spa is proud to offer a myriad of relaxing spa services for residents and vacationers alike. From hair cutting, styling, and coloring to massages and body treatments, this spa has something for everyone. They also offer gift certificates and spa packages. Call (609) 465-7921 to make an appointment or stop by the spa in Cape May Court House, NJ.

5. Well Center for Massage: Open every day but Wednesday, the Well Center for Massage is a great place to recharge. Your therapist may use acupressure, stretching, or deep tissue techniques to help heal your body where it needs it the most. All you have to do is sit back and relax!

6. Cape May Day Spa: If you’re searching for the best spa in Cape May, look no further than Cape May Day Spa on Jefferson Street. This full-service, state-of-the-art facility provides a tranquil ambiance of total comfort. Services include couple’s massages, hand & feet treatments, facial therapies, and more. Reservations are strongly recommended, even months several months ahead. Call (609) 898-1003 for inquiries.

Enjoy a Cape May, NJ, Spa Retreat with Jersey Cape Realty!

If relaxation and tranquility are two things you can’t live without, contact the agents at Jersey Cape Realty and start planning a permanent getaway to Cape May! Our real estate experts know the market well and will work tirelessly to find you the home of your dreams. We’ll even guide you through the entire buying process, ensuring an easy and stress-free experience. Browse our featured listings to see what’s available and give us a call to schedule a showing. We look forward to hearing from you!

Looking for more fun things to do in Cape May?
Read our blog about visiting the Washington Street Mall!

What You Need to Know About Cape May Point Real Estate

If you’ve always dreamed of living in a quiet seaside community, look no further than Cape May Point, New Jersey. This peaceful little town is surrounded by lush forests and sandy beaches. It’s also one of the most popular birdwatching destinations in the country. A variety of attractions can be found in this area, including the Cape May lighthouse, the famous sunken ship, and Lake Lily. Whether you’re looking for a place to retire or are relocating the family, Cape May Point has just what you need. Here are some things you should know about Cape May Point real estate.

Your Guide to Cape May Point Real Estate

About The Area

Cape May Point is the southernmost tip of land on the Jersey Cape, where the Atlantic Ocean meets the Delaware Bay. As of the 2010 United States Census, the resident population was just 291 with a summer population of over 4,000. While neighboring Cape May is known for its history and celebrated Victorian architecture, Cape May Point residents cherish their natural wonders. Millions of birds and butterflies migrate to this environmentally-conscious community each year.

Local Attractions

Residents of Cape May Point enjoy the best of both worlds: quiet, oceanfront serenity and great local attractions. Start your morning with breakfast and coffee at the Red Store, then spend the day bird watching at the Cape May Bird Observatory. Or visit Cape May Point State Park where you can walk on trails that lead various pond, marsh, and forest habitats. You can even climb to the top of the historic Cape May Lighthouse.

When evening rolls around, take a short drive to Sunset Beach and have dinner at The Grille. This popular hotspot offers delicious, seasonal fare and spectacular sunset views. Be sure to stop by the beach after and search for Cape May Diamonds! These pure quartz crystals can be found in a variety of sizes and colors and add a wonderful coastal flare to your home.

707 E Lake is a Gorgeous Home in Cape May Point

Located on a peaceful one-way street, 707 E Lake showcases the best of Cape May Point. This secluded 4 bedroom, 2 bath home features stunning lake views and is next door to the Cape May Bird Observatory. Buyers of this “green” property enjoy a variety of special features including Geothermal heating and cooling, a natural gas generator, irrigation system, thermo-pane windows, and more. The home even has cathedral ceilings and gas fireplaces. It’s ideal for those who love nature, and it’s available now!

Contact Jersey Cape Realty Today

The agents at Jersey Cape Realty are experts on Cape May Point real estate. We know the market well and will work tirelessly to find you the home of your dreams. We’ll even guide you through the entire buying process, ensuring an easy and stress-free experience. Browse our featured listings and give us a call to schedule a showing. We look forward to hearing from you!

Are you a first-time buyer? Read our blog about the best home buying tips!

Photo Credit:  pkujiahe | Getty Images

3 of the Best Home Buying Tips

Buying a home is a big decision. If you’re ready to take the plunge and move to Cape May, NJ, congratulations! There’s nothing better than finding the home of your dreams. With the strong recovery of the real estate market, now is the time to purchase property. However, there are lots of small decisions to make along the way. Jersey Cape Realty has a few home buying tips to help you navigate the process.

Our Top 3 Home Buying Tips and Tricks

1. Location Is Key

From busy city streets to quiet country roads, it’s important to choose the location of your new home carefully. If you have kids, consider moving to West Cape May. Located just east of Broadway, this rural farm area offers scenic views, large lots, and minimal traffic. Frog Hollow is another great location for families and features some of the most spectacular homes on the island. It spans from Kearney Street to Columbia Avenue and features stately private homes and secluded one-way streets.

Looking to fulfill a dream of oceanfront living? Search for homes toward the east end of Beach Avenue. You’ll find large, historic houses nestled around some stunning newer properties. Or, check out the properties in Cape May’s town center. Full of boutiques and exceptional restaurants, this neighborhood is a great place to live. Cape May’s beaches are also within walking distance.

2. Rent Before You Buy

Getting the lay of the land is critical when relocating. Many homebuyers make the mistake of buying what they thought was the perfect home – only to find out the neighborhood wasn’t right for them. If you can, rent the home before you buy to get a feel for everyday life. Find out how far it is to the nearest grocery store, and see if your daily work commute is doable. Another helpful trick is to research schools in the area. Even if you don’t have kids, the school system greatly affects the value of your home.

3. Consider the Cost

Once you’ve found the perfect property, it’s time to make an offer! Our tip for first-time buyers is to understand the cost of ownership. From property taxes to insurance, it’s critical that you include all overhead costs in your budget. Using a mortgage calculator can help you determine what is affordable, as well as totaling the monthly costs of repairs, maintenance, and fixed expenses like gas and electric. You don’t want to purchase your dream home and realize you’re in over your head!

Find Your Perfect Home with Jersey Cape Realty

Now that you know some of our favorite home buying tips, it’s time to hire the best real estate team to help you make a deal! At Jersey Cape Realty, our skilled, professional agents will find the perfect property for you and your family. Whether you’re planning to purchase a home in West Cape May, Cape May Point, or even the historic center of town, we’ve got you covered! Be sure to check our featured listings page to see what’s available and give us a call to schedule a showing. We look forward to hearing from you!

Learn more about Cape May real estate on our blog!

Photo Credit: David Sacks | Getty Images