Congratulations on your decision to become a homeowner! Deciding if
this purchase will be a good investment will also have to do with
your intended use of the property. Are you looking to live in it
year round, seasonally, or use it as a rental property.
Depending on your intended use, the same property will have different
answers to your question. I can say that in general, 2 bedroom
houses are difficult to sell. That will affect you when you decide
to sell, as well if you decide to rent.
Belmar's market has been continuously stable. If you can get in at
the right price, you should see a favorable appreciation rate in the
years to come. The median prices in 2008 were up over those in 2007.
If you would like to discuss, you can reach me through Trulia or my
website below. (I will be putting up all the median sales prices
comparatively between 2007 and 2008 in the next few days for the
shore towns I represent. The results may surprise you!)