Summer is cruising right along, the Jersey Shore is buzzing, and July brought plenty of activity to our local real estate market. Now that we're heading into the second half of August, it's a great
Dated: February 3 2023
Views: 993
Are you thinking about a major renovation project on the island? You should learn about the 50% rule from a direct expert, Maria Shelton.
A substantial improvement is any improvement to the structure excluding land value in excess of 50% of assessed or market value.
If 50% is exceeded in a 12 month period the building must meet city ordinance VC 126 Flood Hazard Areas and possibly need to be elevated, basement filled in, flood vents installed, etc.
Contact for Maria:
Maria C. Shelton, New Jersey State Certified General Real Estate Appraiser
Residential and Commercial Real Estate Appraisals
Tax Assessment Appeals, Mortgage, Estates, Matrimonial, Bankruptcy, Internal Revenue Service, Riparian Claims, New & Proposed Construction and Property Damage, Historic Property, Flood Zone and Zoning Compliance, FEMA 50% Rule Appraisals
Expert Testimony for Litigated Real Estate Matters
Phone 609-653-9944 Cell 609-335-2059 mariashllbll@aol.com
Andi Sinderbrand is the Managing Broker and Marketing Director of Farley & Ferry Realty Inc., where she plays a pivotal role in driving sales performance, brand growth, and strategic direction for....
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