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10-09-2011, 09:32 PM #1
Renter
- Join Date
- Oct 2011
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buying a condo in hoboken, nj. need advice
Hi,
We are planning to buy a 2 bedroom at 1450 Washington St, Hoboken, NJ for $605K. It is a new construction and the builder is Toll Bros. Is the price right? Toll bros had said that the price is totally non-negotiable. Is buying a condo in Hoboken a good investment? How good are the chances of appreciation over a period of 5 to 6 years? The monthly maintenance/HOA fees are steep, around $750 per month. Tax is around 1.3 %. We are worried that the monthly fees will keep going up. We don’t have kids yet but from what I read the Hoboken school district isn’t great. Our gut is that home value in Hoboken will only grow, probably school district will further improve and this will prove to be a good investment. We are putting all our savings so would really appreciate some advice
Thanks!
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10-16-2011, 06:38 AM #2
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- Sep 2007
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Schools are not only important for your family but a bad school district will affect your resale ability late.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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