TOMS RIVER, NJ – Toms River real estate is booming. That’s driven largely in part to the high demand for homes in North Dover and surrounding areas of town as the township continues attracting religious Orthodox Jewish buyers into an attractive and once-affordable community.
High-end homes in Toms River are selling for between $800,00 and $1,000,000 these days and it’s difficult to find a home for under $300,000, but if you want to live modestly in Toms River and not break the bank, there are options.
Many smaller homes and mobile units across the town are selling for under $100,000. Right now, there are about a dozen homes listed for sale on the MLS under six figures that won’t break the bank and are also pretty decent places to call home.
These smaller and more modest homes can be found all over the township and are perfect for a young couple starting out for for somebody familiar with work tools to come in and make them even better.
While the American Dream of home ownership is growing more distant for many, there are still options for those willing to take a different approach.
A small home, especially in Toms River could be a great investment opportunity. You can put some work into the home, fix up the landscaping, make minor improvements, a coat of new paint and in a few years, flip the house and sell it for a profit.
The opportunities are out there if you’re willing to work hard and think of the future. Owning a small home is more financially wise than renting. As you outgrow the home, you will have a real property to sell and make a buck, as opposed to throwing dollars into a landlord’s pocket each month.