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Small Business Administration can help Rebuild Your Custom Home!

 
Long Beach IslandMany people who have been affected by Hurricane Sandy may not realize that in addition to FEMA, the SBA can also help homeowners, as well as small business owners, rebuild their homes after Hurricane Sandy.  There are many low interest loans and programs available that you don’t need to be a small business to take advantage of.  Families who are struggling to figure out what they are entitled to and what help is available should check into several programs that the SBA has available.  But keep in mind, the deadline to apply for FEMA disaster aid is fast approaching on January 30th and you must apply and receive a FEMA number in order to apply for SBA loans.  Click here for more information on applying for a FEMA number.  
Once you have your FEMA number there are a few ways that the SBA can help:
  1. There are low interest loans available to help rebuild your home.  These loans can be as high as $200,000 and can be used to repair or replace your residence.  You can also apply and receive up to $40,000 in loans to cover replacement or repair of your personal property.
  2. If your home is in a coastal disaster area, do not assume you are not eligible to apply for an SBA disaster loan.  If you apply, the SBA can decide on the loan processing, but if you do not apply the answer is already no.
  3. Even if you don’t have insurance you can still apply for an SBA loan and if you have insurance, don’t wait for a settlement before you apply for an SBA disaster loan – you don’t want to miss the deadline.
  4. If you’ve lost your important documents in the home, don’t worry – the SBA can help you recover the information that is necessary for the application, so do not let that prevent you from seeking the help of the SBA.
Many homeowners have received very little in insurance claims payouts and are facing the potential of walking away from severely damaged homes. The SBA disaster loan program may be the best -kept secret for the Jersey Shore.  While there is no guarantee that every homeowner will qualify for these loans, it is yet another resource for families that may see no help on the horizon.  In addition, for those homeowners who use their shore home as a second residence, and have rented it out for a number of weeks during the summer there may be help from the SBA in the form of business loans.  This is yet another reason to fully investigate what may be available for you through the Small Business Administration.
As a custom home builder specializing in homes along the Jersey Shore and particularly Long Beach Island on the southern barrier island and  Mantoloking and Normandy Beach on the northern barrier islands, I have seen many homeowners who do not know where to turn for help in the rebuilding process.  With insurance claims being paid out to mortgage companies and slow distribution of funds, these SBA loans to homeowners may help to alleviate a cash availability problem and make the process of rebuilding your home a little bit easier as we all continue to move forward to rebuild our towns along the New Jersey Shore.  For more information on building your custom home, please contact Crown Homes today.

One Step At A Time for LBI After Hurricane Sandy

 

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In the aftermath of the devastation that Hurricane Sandy recently unleashed on our coast, Crown Homes would like to offer our thoughts and prayers to those affected by the superstorm.  During this time of assessment we want to mention that it’s important for individuals, families, businesses and communities to avoid letting the “chatter” impact their ability to focus on moving forward toward restoration and recovery.

The past ten days I have heard from many people who are friends, relatives, business associates and acquaintances with stories of homes that were damaged, neighborhoods that were destroyed and the physical and emotional toll these have taken.  The mountain that we are now facing seems insurmountable at times and through all of that there are glimmers of hope, cooperation and kindness that keep the goal of recovery in focus.  With one step at a time any challenge can be overcome.  We will restore the shore.  We will rebuild the homes that make up our beloved shore communities and they will be stronger.  We will be stronger.

I’m a custom home builder that has spent a lot of time on Long Beach Island and neighboring areas building primary and vacation homes throughout the years.  And I know if we keep taking steps forward we will make headway, just as we have continued to do since the storm hit.  Many of my homeowners have already contacted me in an effort to expedite the rebuilding effort and I am poised to help as many as I can the minute we can get back to building on the island.  We have been in touch with insurance companies and are willing to help every step of the way.  Hurricane Sandy may be the toughest storm we’ve weathered, but together we are tougher.

If you need help or have any questions about rebuilding, feel free to contact us, or visit our website by clicking here.  For more Hurricane Sandy related information, or to donate to the relief effort click here.

Custom Home Building Holds Steady at the Jersey Shore

 

Custom home building in and around the New Jersey Shore has been holding steady, as most other real estate markets have seen much larger declines.  One of the reasons that custom home building has been able to sustain itself is that most of our homebuyers are in a position that the recession did not affect their financial or employment standing as it did other segments of the market.  Many of these buyers have several properties and are not in need of mortgage money to purchase their custom shore home, so they have not been affected by the mortgage crisis either.

Many of the coastal areas of New Jersey have been able to retain their values due to the desirability of the beach and river front locations, much like the urban redevelopment areas that offer easy commuting to the City.  The recreational and vacation opportunities that these custom shore homes offer are desirable to the 2nd and vacation home buyers, who are primarily coming from North Jersey, New York and Philadelphia.  These buyers vacationed at the Jersey Shore all their lives and are ready to enjoy their extended family and friends in their own shore home.

Building custom homes near or at the shore does not guarantee a custom home builder’s success, though.  There are many hazards and pitfalls to building in these environments from materials and regulation to competition and the ability to find the buyers.  The most successful custom home builders at the shore know that they need to provide above-quality materials and building techniques for this niche market within the market, which equates to providing more for less in better locations for homebuyers.  In addition, attention to the lifestyle of the family you are building a home for is another factor, as the attention to the locations and construction details that go into building the home.  Knowing your buyer and their desires and lifestyle becomes integral to the lot location, home design and amenities that will go into the home.   Establishing this relationship with a buyer early on is critical to the process and converts the house you are building into the home they are buying.

With only so many prime locations available along the coastline of New Jersey the demand for high end custom homes continues to keep this niche market moving along as the spring turns into summer and the season kicks in once again.  By choosing your location, building materials and home designs carefully and paying attention to the details that matter, the custom home market at the Jersey Shore is a niche market that continues to show the strength of home ownership in this state.

Jersey Shore Home's - Still a Great Value!

 

All signs are pointing to the Jersey Shore. Customer confidence is up and real estate markets are showing signs of life for both home sales and new construction. Spring is typically one of the busiest selling seasons and is proving that this year may be better than the last several. With low mortgage rates, fallen house prices and the dreamy Jersey Shore location it’s the perfect mix for buying your new custom home along LBI and other NJ Shore locations.

The New Jersey Shore has been lucky enough to hold its own during the market downturn, real estate along the shore continues to sell and properties here have retained their value. Being a traditional vacation destination for New York and Philadelphia residents, with lots to offer in terms of employment, retirement lifestyle and convenience to major cities the Jersey Shore has and will continue to be a popular and coveted homeowner location. In the article, Prices down, sales up: Local values fall less than nationwide written by Kevin Post, of the Press of AC, he stated “Mortgage rates that remain about 4 percent will continue to motivate buyers as long as they last, and the shore region will remain an appealing market to home buyers, especially those looking forward to retirement”.

Real estate agents and homebuyers are both reporting more activity already this spring. Buyers are taking advantage of the affordable pricing to both buy and build along the shore. Statistics are showing that for the first time since 2005, investment in residential real estate, including home building and renovation, has contributed to U.S. economic output for the past three quarters. Adding to the increase in activity is also the pent up demand among potential buyers. Homebuyers that have been holding out for the last 4 or 5 years, because of market insecurities and employment worries are now feeling more secure and are ready to make their home purchase.

With all the great things the Jersey Shore has to offer, from fabulous beaches, restaurants, shopping and endless activities you really can’t go wrong purchasing or building your dream home here! Visit Crown Homes’ website today for more information about homes along the Jersey Shore and be sure to submit any questions directly to the builder, Greg Pouliot. 

Custom Home Builder Wins Big at 9th Annual FAME Awards

 

Crown Homes, a custom home builder that specializes in homes at the Jersey Shore was recognized by the Shore Builders Association of Central NJ for excellence in building custom homes. 

On February 23, 2012, Crown Homes was honored to receive the Best Custom Home over $1 Million for a home in Loveladies, LBI.  In addition, Crown Homes was awarded the Best Outdoor Living Space and Best Kitchen Design in New ConCrstruction awards for homes also built on the Island.  The awards were presented during the 9th Annual FAME Awards banquet which was held at The Mill in Spring Lake.  As part of the criteria these homes were judged by a panel of industry professionals ranging from sales and marketing to architecture and received the awards based on exterior design, interior floor plan, traffic flow, use of space and perceived value.  According to Crown Home’s Principal and Master Builder, Greg Pouliot, who accepted the awards at the banquet last night, “I am deeply humbled to have been chosen to receive these awards from my peers and the Association.  I sincerely appreciate the efforts of my homeowners, partners and subcontractors and would like to share this honor with them.”

Crown Homes specializes in custom home design and construction in many areas of the shore area including LBI and riverfront properties in Monmouth County, with particular attention to lot selection, maximizing views and designing the best home for each specific location and home buyer.  “My home buyers have come to know that I pay particular attention to the details within the design and construction of their new home and in most cases always deliver within 6 months of the permit, which allows them to enjoy their vacation home at the Jersey Shore more quickly than they expected,” continues Pouliot.  Winning the Best Custom Home awards solidifies Crown Homes as the premier custom home builder in New Jersey.

 For more information on Crown Homes, LBI or available lots and consultation, please visit www.crownhomeslbi.com.  The Shore Builders Association provides services and support to the homebuilding industry in Monmouth, Ocean, Middlesex and Mercer Counties.  For more information on becoming a member or upcoming events visit www.shorebuilders.org.

 

5 Things to Know about NJ Shore New Construction

 
You have decided to build your custom dream home at the New Jersey Shore (hopefully you have chosen Crown Homes to help you with that!) and you are ready to look for that perfect spot to for your new construction but you want some tips to help streamline the process….so here you go!
  1. Know Your Budget -
    By knowing what you want to spend and what you can afford to spend you are less likely to go overboard. Find out what size loan you qualify for and do some research on the approximate costs that will go along with building your new home. By spending some extra time before the process has really even begun you will save yourself some financial headaches later on down the line.
  2. Finding the Perfect Lot -
    The builder you chose to work can most likely help you will this and will have ample knowledge of what makes the best lot but some things you should check into are the soil condition, drainage, zoning and buildings codes. The Jersey Shore is a perfect choice for your dream home or 2nd home; the market is still strong and homes have retained their value, especially in traditional vacation areas. Experts predict that the second-home market will be strong over the next 5 to 10 years as many baby boomers look for that perfect retirement place!
  3. Know What You Want -
    Before you even meet with a builder take some time and think about what you want in your new home. Start thinking about the things that are most important to you. Is there a particular style you like? How do you envision using your outdoor spaces? What storage requirements do you have? Gather some pictures from magazines or other houses in the area that have features you like.  The more you have an idea of what you are looking for the more your builder can guide you in the right direction.
  4. Keep a Detailed List -
    Having a list of the specifications that you have agreed upon with your builder/vendors is the key to making sure you get everything you want. Many times people often think things are included only to find out later they were not or can be but for extra costs. Having a list in writing will be your saving grace.
  5. Be Flexible -
    Building a home, like almost anything, can have unexpected, uncontrollable variables. Weather could delay you, the availability of materials can change timing, something you selected may get discontinued…these are just a few of many things that could pop up but if you keep an open mind and expect that these things can and do happen you will remain much calmer about the whole process.
We wish you the best of luck in building your NJ Shore custom home! Please contact Crown Home for more information or for a consultation today! Be sure to download our Shore Home Building Checklist for even more tips!

5 Things to Know about NJ Shore New Construction

 
You have decided to build your custom dream home at the New Jersey Shore (hopefully you have chosen Crown Homes to help you with that!) and you are ready to look for that perfect spot to for your new construction but you want some tips to help streamline the process….so here you go!
  1. Know Your Budget -
    By knowing what you want to spend and what you can afford to spend you are less likely to go overboard. Find out what size loan you qualify for and do some research on the approximate costs that will go along with building your new home. By spending some extra time before the process has really even begun you will save yourself some financial headaches later on down the line.
  2. Finding the Perfect Lot -
    The builder you chose to work can most likely help you will this and will have ample knowledge of what makes the best lot but some things you should check into are the soil condition, drainage, zoning and buildings codes. The Jersey Shore is a perfect choice for your dream home or 2nd home; the market is still strong and homes have retained their value, especially in traditional vacation areas. Experts predict that the second-home market will be strong over the next 5 to 10 years as many baby boomers look for that perfect retirement place!
  3. Know What You Want -
    Before you even meet with a builder take some time and think about what you want in your new home. Start thinking about the things that are most important to you. Is there a particular style you like? How do you envision using your outdoor spaces? What storage requirements do you have? Gather some pictures from magazines or other houses in the area that have features you like.  The more you have an idea of what you are looking for the more your builder can guide you in the right direction.
  4. Keep a Detailed List -
    Having a list of the specifications that you have agreed upon with your builder/vendors is the key to making sure you get everything you want. Many times people often think things are included only to find out later they were not or can be but for extra costs. Having a list in writing will be your saving grace.
  5. Be Flexible -
    Building a home, like almost anything, can have unexpected, uncontrollable variables. Weather could delay you, the availability of materials can change timing, something you selected may get discontinued…these are just a few of many things that could pop up but if you keep an open mind and expect that these things can and do happen you will remain much calmer about the whole process.
We wish you the best of luck in building your NJ Shore custom home! Please contact Crown Home for more information or for a consultation today! Be sure to download our Shore Home Building Checklist for even more tips!

A Man’s Custom Home is His Castle

 

Custom Home Trellis“A man’s house is his castle” is a phrase heard again and again since it was first written in the Declaration of Independence, so wouldn’t the land the castle is built on be just as important? The answer to this is yes, of course the land is important, yet there are several factors to consider when choosing a lot for one’s castle. Things like one’s life style, if there are any negative factors, zoning and legal issues, the value of the lot, and the miscellaneous considerations are all important in selecting a lot for your home. This can all be a bit mind boggling and frustrating, but Crown Homes is here to walk you through it.

            Your life style is an important factor in choosing a lot for a home. For one thing is the home going to be your primary residency? If so then consider if it is close to work, how traffic conditions are in the area and, if need be, its proximity to an airport. Also if you have children schooling is something to keep in mind as well as the community. The community, however, is necessary to consider whether the home is a primary residency or a seasonal home. It is something that you will be a part of, simply by living in it, and it is necessary that it reflects your life style in order to be comfortable. If you have children and want them to have playmates then you might want to consider a community that allows for that, or if you enjoy the quiet laid-back life style then a community that reflects this is essential. Another aspect of your life style to consider are the activities you enjoy. If boating and water sports are for you, then a lot by the bay may suit you best, or if you enjoy a swim in the ocean and sun-bathing, than one on the beach might suit you better. For those with a love of both perhaps a lot with access to both the beach and the bay is the best option. These activities may bring to light some other factors to consider.

            If boating is a priority and you’re in love with a lot by the bay then you have to consider if the depth of the water can accommodate your boating needs. Also it is fine to adore a lot on the beach, but consider the ease of access to the water. Other issues to consider are access to the property itself, proximity to shopping areas, proximity to major roadways, and the area the lot is in. If your lot is far from necessities, like a grocery store, and you’re the type of person who likes to be near these necessities, then the lot may not be the best one. Also if you are looking for a lot more secluded and private than one near a hopping town is probably not the best option. Another negative to consider is flooding, being so close to a body of water this is something important to think about and assess when choosing a lot. This makes weather conditions something to consider as well, as they will affect your lot, and ultimately your home. Situations like these make it important to consider all aspects of the lot, not just the great view; this includes the topic of zoning and legal issues.   

            Being close to or on the beach is fantastic but considering zoning laws is important. This makes it important to investigate and consider these things. Also important to consider is if the lot is subject to Eminent Domain. No one wants to build their dream home on a fantastic lot and then discover that it is subject to this process. Also essential is access to the lot itself and what type of Riparian Rights are assigned to the lot. Are there any easements for utilities and road access? If so are you required to pay for these things? Also important are possible restrictions on the size of the home and minimum lot size requirements, for things such as these could affect your decision to purchase a lot. Even still there are more legal situations to consider, such as environmental factors and restrictions on pets, swimming pools, recreational vehicles, and trailers and other add-ons are to be questioned, for these can affect your decision and the value of your lot.

            Other factors which affect the value of a lot are things such as proximity to the beach, the maintenance of the roads, and the value of local property values. Yet there are some factors that are not quite are obvious. This lies is the quality of the beach itself, is the sand soft and even or rocky? Is there a dip in the beach to enter the water? These factors affect your enjoyment of the lot as well as the activities you wish to do on the property. If you have children who enjoy playing in the sand, then a rocky beach would not appeal to you, just as a dip in the beach would make it difficult to enter and exit the water, affecting your enjoyment of the lot. Also the view is something to consider in selecting a lot, if you want to see the ocean then a lot overlooking the ocean is essential, and this view will add to the value of the property. Of course the security of the area also affects the lot value, for an unsafe area may have a gorgeous lot, but not a high value. This issue of safety not only affects value of the property but also your overall opinion of it.

            Safety is one of those miscellaneous things to consider when buying a lot, just as possibly having the lot inspected by your architect and or builder is something to consider. This will allow for you to know exactly what type of home can be built on your chosen lot. Also have the lot inspected by your licensed engineer so that you may have any questions answered. Lastly have the lot re-inspected before you buy, this allows for any problems to be discussed and addressed before you inherit them. These miscellaneous considerations can affect your decision in purchasing a lot, so it is important to consider them sincerely alongside the other considerations.

            When looking into a lot you need to consider all the factors, your life-style, property value, negative factors, legal and zoning issues, as well as miscellaneous factors. These will ensure that the lot you choose to build your home on will provide for many, many years of enjoyment for you and your family.

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