Don’t forget to purchase your seasonal beach tags by Wednesday May 31st to take advantage of the pre-season discounted rate.
Category: Avalon, New Jersey- News
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2023 Rental Season
Every year, Memorial Day weekend arrives “suddenly”. Spring weather at the shore can be iffy- so it’s hard to think about summer while still turning on the heat 😉
Yet here we are…days away from the official start of summer.
Our vacation rental business is quieter compared to recent years- with inventory available for prime weeks. We are counting on the last minute planners to help fill the properties!
This situation is not unique to Avalon and Stone Harbor, or just Jersey shore communities. Personally, we are experiencing similar vacancies with our South Carolina rental condo. And the agency there is allowing bookings for less than one week (unheard of for July and August). I also talked with a friend who owns a beach house in North Carolina- same issue with open weeks.
After 40+ years of handling summer rentals, I know that change is inevitable…and we will adapt!
Happy summer!
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Summer Rentals- still available
We have wide variety of homes and condos with open weeks for this summer.
If you know anyone who has yet to finalize their vacation plans, please share this info!
Thank you for your referrals.
ann.delaney@tksir.com
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Flood Insurance for Avalon and Stone Harbor Owners
I attended the Flood Insurance presentation Tuesday evening at the Stone Harbor Borough Hall. Very informative.
Summary:
FEMA has updated how properties are rated. It’s the first major change since the program started back in 1968.
The process is now data driven. The elevation certificate is just one aspect of the information used to determine the cost of the policy. As of March 2023, all flood policies have been switched to this new rating system.
Data reviewed: replacement cost of the structure (determined by FEMA), number of floors, distance to a body of water, flood vents, and ground elevation. The location of the mechanicals is an important factor. All equipment must be installed at the 1st floor living level or higher, including the outside AC condenser unit.
As long as a home was built in compliance with the flood maps at the time, a homeowner will not be penalized on the rate.
New homes will now pay a higher premium based on the value of the structure. Although hopefully this cost is offset with the required compliance on elevation and mechanicals.
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The Community Rating System (CRS): each town earns credits for a variety of activities (outreach programs, stormwater management, open space preservation, construction standards, etc.) and these credits determine the discounts available to property owners.
Currently, Avalon has a class 3 rating (35% discount), and Stone Harbor has a class 7 rating (15% discount). Stone Harbor is working to improve their rating and expects to upgrade to a class 6 (20% discount) this year.
Private insurance is a viable option for owners of non-conforming structures. There are approximately 10 companies offering coverage in our area. The private companies are able to insure beyond the $250,000 cap of FEMA. The insurance agents also suggested a FEMA policy plus an excess policy if a homeowner requests additional coverage.
For non-confirming structures, FEMA uses the “improvements” figure on your tax bill to calculate permitted improvements. The municipality has to look at all improvements during the past 10 years to determine if any allowance is remaining.
On FEMA policies, the cost increase is capped at 18% per year. Private insurance companies are not regulated with a price cap. And FEMA policies continue to be transferable from a seller to a buyer.
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The public will have access to a floodplain data program called Forerunner. A potential buyer or property owner will be able to view elevation certificates, risk assessments, and flood zones for specific properties.
Ann 3/16/23
Be sure your HVAC equipment is elevated! -
Important Reminder for Owners
Effective Spring 2023, both Avalon and Stone Harbor will implement new trash and recycling container requirements.
Stone Harbor:
“Standardizing trash can size to 64 gallons (31.8†long x 24.25†wide x 41.75†high), equipped with wheels and a bar that allows the can to be tipped into the truck. The Borough will provide a list of retailers where homeowners can purchase the cans. Required compliance is set for May 1, 2023â€.
Avalon:
“As previously announced, the Borough intends to purchase and distribute new, uniform roll off solid waste and recycling carts for the community in 2023. These roll off carts will improve efficiency with trash collection while restricting trash from impacting the marine environmentâ€.
Property owners in both towns are reminded to remove non-compliant containers prior to the summer season so tenants/guests do not inadvertently use the wrong trash or recycle cans. Bulk trash pick up in early May will be an ideal time for disposal of old cans.
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Sotheby’s International Stats
The agents and staff of Tim Kerr Sotheby’s International Realty are proud to contribute to this success!
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Summer Rentals
We have a variety of options available for the 2023 season.
Search our website: Â www.tksir.comÂ
And, I am here to help! Â 609-967-7950 Â or ann.delaney@tksir.com
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Your Local Expert!
We LIVE here.
We WORK here.
We SELL and RENT properties here.
The full time agents and staff of Tim Kerr Sotheby’s are THE local experts in Avalon and Stone Harbor NJ!
Visit our website to view sale and rental properties:Â Tim Kerr Sotheby’s website
I have a lifetime of experience on the island; 40+ years in the industry; and 20 years associated with Tim Kerr and his agency.
Thank you for the opportunity to help you and your friends with all of your real estate needs!
ann.delaney@tksir.com
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Busy Weekend!
Thanksgiving is the new Christmas (at least here on the 7 mile island!)
Family friendly events are scheduled for both Friday and Saturday: 96th Street area in Stone Harbor, and along Dune Drive in the Avalon business district.
Santa will make guest appearances in 2 separate parades: Avalon early Friday evening, and in Stone Harbor on Saturday night.
Merry, merry!
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New Trash Containers, Avalon and Stone Harbor
Effective Spring 2023, both Avalon and Stone Harbor will implement new trash and recycling container requirements.Stone Harbor:
“Standardizing trash can size to 64 gallons (31.8†long x 24.25†wide x 41.75†high), equipped with wheels and a bar that allows the can to be tipped into the truck. The Borough will provide a list of retailers where homeowners can purchase the cans. Required compliance is set for May 1, 2023”.
Avalon:
“As previously announced, the Borough intends to purchase and distribute new, uniform roll off solid waste and recycling carts for the community in 2023. These roll off carts will improve efficiency with trash collection while restricting trash from impacting the marine environment”.
Property owners in both towns are reminded to remove non-compliant containers prior to the summer season so tenants/guests do not inadvertently use the wrong trash or recycle cans. Â Bulk trash pick up in early May will be an ideal time for disposal of old cans.