Archive for March, 2011
Do you know where to look to find the condominiums that are available for sale in NJ? Don’t worry. You’re not alone. Unless you’re a real estate professional whose job it is to keep up on the market trends in real estate, you’re probably not likely to have the information you need to make an informed decision about buying a condo in New Jersey. Needless to say, it’s a good idea to establish a relationship with a real estate agent who is knowledgeable about New Jersey’s condominium market.
Roy and Jan wanted to take advantage of the softer than normal real estate market and purchase a condominium in Jersey City as investment property. They also wanted to help their sons, Marcus and Brent, have a safe and stable living environment as they began their careers as actuaries for a major life insurance company.
So they purchased a two-bedroom, two-bath condominium along the Hudson River that’s relatively close to a commuter train station. Marcus and Brent especially favor the condo having two separate bedrooms since they had to share a bedroom growing up in their parent’s apartment in Hackensack. As diehard Jersey boys, Marcus and Brent are also glad they don’t have to live in New York. They’d much rather live in their home state and retain their New Jersey identity.
In another instance, Ngumo moved to the New York City Metro area five years ago from Kenya. He wasn’t happy with the apartment he was renting in Brooklyn. He decided he wanted to move closer to the software development company he works for in Jersey City.
Ngumo noticed an ad on the commuter train from Jersey City to Manhattan on his way back to his Brooklyn apartment that read: Condominiums for Sale NJ. Ngumo tapped the phone number into his smart phone and saved it as a reminder for him to call the next day.
The following day, Ngumo called the real estate broker’s phone number that was listed on the ad he saw while riding the train. The real estate broker, who specializes in condominium sales, gave Ngumo a long list of condos for him to check out.
Ngumo arranged times to view four different properties that piqued his interest. All of them were one-bedroom, one-bath condos for just under $250,000 in Jersey City.
Ngumo contacted the real estate broker when he found just the right place situated perfectly between a Kenyan grocery store and the software development company where he works. For $225,000, Ngumo was the proud new owner of a condominium in a recently renovated building.
Even though the monthly fees were higher than what Ngumo would’ve liked, the money he saved in transportation costs from commuting to Jersey City from Brooklyn scored him a net gain of $50 per month.
It goes without saying that each situation is different. However, if you take the time to do your homework on buying a condo in New Jersey, you will have a much better chance of finding the best value for your money out of all the condominiums for sale NJ has available.
New Jersey apartments can range in quality from the nondescript to outstandingly lavish. It all depends on which neighborhood or city in which you choose to live. Whether you rent or buy, that choice is strictly up to you. Just keep in mind that there are pros and cons to either buying an apartment or simply renting one.
Brad and Jo Hin felt they needed a change of pace from renting a studio apartment in Queens, New York. They both worked at good paying jobs in Manhattan. Jo Hin is an executive assistant at a major ad agency on Madison Avenue. Brad is a computer network security specialist at a federal government agency in New York. Given the fact they both make good money and both of them are in their early 30s, they wanted to find an apartment for rent or for sale where they could still enjoy the conveniences and fast pace of city life, but also have an extra bedroom available for starting a family.
Brad and Jo Hin looked at various places in the New York Metro area before deciding they wanted to live across the Hudson River from Manhattan in an apartment building in Hackensack. They found that Hackensack was the best place for them to purchase an apartment out of the treasure trove of New Jersey apartments that they looked at. The apartment they found happens to be a block away from an elementary school and a two-minute drive from the grocery store and other shopping.
Since they had hoped to buy a place of their own someday, Brad and Jo Hin were able to put down a hefty sum of money with all the money they saved over the years toward a down payment on their $379,000 two-bedroom, two bath apartment. Their apartment building has a state-of-the-art fitness room and a fabulous rooftop pool for residents and guests.
A short distance away, Shanique just signed a one-year lease for an apartment in Newark. For just under $700 per month, Shanique is easily able to afford the rent on her one-bedroom, one bath apartment on Washington Avenue. Shanique didn’t want anything too fancy, but she wanted to live in a building that has controlled access. As an attractive 23-year-old woman, building security was one of the main features she was looking for in an apartment.
For the price she’s paying per month, Shanique landed a great deal since her apartment comes with dishwasher, washer and dryer, and hardwood floors. Based on what she makes as a claims adjuster for a nationally recognized car insurance company, she won’t have any trouble paying the rent. Who knows? She just might be able to save up enough money rather quickly for a down payment for a house or condominium later on in life.
If you’re looking for an apartment anywhere in New Jersey, all you have to do to find one is by doing a simple search on the Internet. There are scores of sites dedicated to helping you find an apartment that’s right for you out of all the New Jersey apartments that are available.