Both Long Island new homes and Long Island resale homes have advantages and disadvantages,
but as a rule of thumb, resale homes usually cost a little less than
new homes in the same area. Long Island offers only a few new homes and
mostly offers resale homes which were built in the 1930's to 1950's.
Many try buying Long Island resale homes with a view. Homes with a pleasant
view of the horizon often sell at a premium above similar homes without
the view. Terms like oceanfront, beach front, waterfront are used
in real estate to express these premium locations. However, if a view
is important to you, buy it mostly for your own pleasure and not as
an investment. Though you may place a considerable dollar value on
the view, future buyers may not be so like-minded. It may take you
longer to find a buyer when it comes time to resell the house. Or
you may end up dropping your price to more nearly match other sales
prices in the Long Island neighborhood. In short, if you are buying a house
in Long Island with a view, try to pay as little extra as possible. Otherwise,
you might not get your money back on your investment. Condos and multi-family
units in the Long Island offer the lowest initial investment and quick returns
because the demands for affordable housing. Expect to pay between
low $200s to $500s for such properties.
Long Island homes for sale
(introduction)
Long Island condos
Long Island cooperatives
Long Island resale homes
Long Island gated communities
Long Island townhouses
Building a house in Long Island
Long Island new homes
Long Island luxury homes
Long Island lofts
Long Island investment property
New York bungalows
Long Island duplexes
Long Island triplexes
Long Island residential real estate
(attached)
Long Island residential real estate
(detached)