Thanksgiving weekend is HUGE in Avalon and Stone Harbor. Â Family activities, a Christmas tree auction, music, and of course, the big parade!
Schedule of events for Avalon– click HERE
Schedule of events for Stone Harbor– click HERE
Stop by our office in Avalon on Friday, November 28th for a Power Play Realty logo gift.
Crisp morning beach walk!
Owners of 2 unit style structures often resist the label of “condominium”. Â Yet it’s the proper (and legal) term of ownership.
Definitions (used in our local real estate market):
Single family– 100% land ownership and a one family structure. Â This designation applies to lot sizes large and small.
Duplex– 100% land ownership with a two family structure (one owner of the building). Â If each unit is titled separately to 2 different owners, it becomes condo ownership.
Townhouse– a true townhouse has land ownership (like a city row home). Â There are a few properties designated as fee simple town homes in Avalon (Golden town homes on 13th Street, 16th Street, and 80th Street for example). Â The deed allocates a parcel of land specific to the structure.
Condominium– with a two unit structure (often side by side), each owner has an undivided 50% interest in the land. Â A subdivision is not permitted, so the lot remains whole, and the two owners share land ownership. Â Condominium documents (Master Deed and By Laws) are required and detail the shared expenses (condo fees) and basic rules. Â Similar condo docs are used for larger complexes, too. Â Condo fees- the master insurance policies (flood, liability, and fire) are shared 50/50. Likewise for weed control and/or landscaping. Â Owners agree on any common area projects and share the cost.
Condominium– for larger buildings, the percentage of ownership may vary based on unit square footage. Â Owners share expenses related to the complex, and any common amenities (elevator, pool, etc.). Â The condo fees are more structured for bookkeeping purposes.
If you have any real estate questions, I am here to help! Â ann@anndelaney.com
Thanks!
How about a sunrise view instead!!
Halloween weekend views in the mountains of North Carolina. Â The scenery is beautiful, but I am partial to sandy views at sea level 🙂
Dune path on 57th Street, Avalon, NJ
What a difference a day makes…
Amazing colors Wednesday morning (purple to red to yellow), versus the gray skies of today.
Next week: Â more daylight for my early morning walks. Â I just won’t think about the 5 o’clock darkness 🙁
Sandy and Biggert-Waters Flood Insurance Reform Act.
Both became part of our vocabulary in 2012, and continue to affect real estate ownership/construction along the New Jersey coast.
If a structure does not conform to the height elevation requirements of FEMA, the property owner pays a substantially higher flood insurance premium (regardless of actual flood damage from Sandy).
And if a major renovation project is planned, the municipality will require the owner to bring the house up to code for elevation (a long standing construction regulation).
Examples of house lifting projects underway in Avalon (metal beams around the house in preparation) and Stone Harbor (masons building the new foundation):
Preparing for COLD
Drain the outside shower and non-frost proof faucets (FYI- most water faucets on upper decks are NOT frost proof).
Disconnect hoses from all outdoor faucets (even the frost proof type- Â water in hose will freeze and cause damage to faucet).
Close crawl space vents (air flow is essential in the summer months to keep the crawl space dry- but  cold air will freeze pipes even if the house is heated).
Set the heat between 55 and 60 degrees. Â Open cabinet doors under all sinks to allow warm air to circulate around pipes.
Lock all windows- especially casement style with a crank (the wind will rattle the window, allowing it to open and possibly blow out).
Secure storm doors, outside shower doors, and trash cans.
Store or secure outdoor furniture and the grill.
And then…think spring 🙂