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View Poll Results: Where to Buy???
East Brunswick, Middlesex County 6 66.67%
Springfield, Union County 3 33.33%
Voters: 9. You may not vote on this poll

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Old 10-19-2009, 10:45 AM
 
50 posts, read 109,658 times
Reputation: 14
Default Need help deciding desperately

East Brunswick or Sprinfield???? We are between 2 properties. One located in Springfield in a very nice neighborhood selling for $425,000 needs a lot of fixing (minimum $70,000 for new kitchen, baths, floors, heating and ac replacement). The other property in East Brunswick $525,000 located in a beautiful neighborhood, nothing to be done, but just move in (has an in ground pool)

Taxes are very similar, but taxes tend to go up faster in EB
EB is 15 minutes (no traffic) farther to my work in West New York
EB Force Air heating, Springfield baseboard heading
EB has bigger bedrooms but Springfield has bigger LR, DR and family Rm
EB has a finish basement, Springfield's basement is only for storage
EB 2 car garage, Springfield 1 car Garage. (We have 3 cars)
EB 3 bathrooms, Springfield 2 bathrooms. (We are a family of 6)

Schools according to the NJ Monthly are better in Springfield, but SAT, HSPA Scores and the number of those passing AP courses are much better in East Brunswick. Springfield is relatively small school with 143 seniors vs EB with 769.

Please post your opinion. I have to make a decision ASAP!!
Any Opinion will be greatly appreciated.
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Old 10-19-2009, 11:14 AM
 
Location: North Jersey
10,818 posts, read 15,135,889 times
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Are you really going to decide based on a poll
Only you can decide based on the pros/cons you listed and how they fit in with your life style

Based only on what you posted the EB house sounds like a no brainer
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Old 10-19-2009, 11:18 AM
 
Location: Forest Hills
555 posts, read 961,857 times
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EB home sounds like a no brainer to me as well... it's larger and you can finance the extra cost over 30 years below 5% interest... not sure where you'd get the $70k to do improvements on the other home and the improvements would likely result in less value added to your home then money spent. In this market, always buy the home ready to go, let someone else waste the money on upgrades before you buy it!
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Old 10-19-2009, 11:21 AM
 
Location: Montgomery County, PA
2,771 posts, read 3,682,356 times
Reputation: 594
Quote:
Originally Posted by Zoila View Post
East Brunswick or Sprinfield???? We are between 2 properties. One located in Springfield in a very nice neighborhood selling for $425,000 needs a lot of fixing (minimum $70,000 for new kitchen, baths, floors, heating and ac replacement). The other property in East Brunswick $525,000 located in a beautiful neighborhood, nothing to be done, but just move in (has an in ground pool)

Taxes are very similar, but taxes tend to go up faster in EB
EB is 15 minutes (no traffic) farther to my work in West New York
EB Force Air heating, Springfield baseboard heading
EB has bigger bedrooms but Springfield has bigger LR, DR and family Rm
EB has a finish basement, Springfield's basement is only for storage
EB 2 car garage, Springfield 1 car Garage. (We have 3 cars)
EB 3 bathrooms, Springfield 2 bathrooms. (We are a family of 6)

Schools according to the NJ Monthly are better in Springfield, but SAT, HSPA Scores and the number of those passing AP courses are much better in East Brunswick. Springfield is relatively small school with 143 seniors vs EB with 769.

Please post your opinion. I have to make a decision ASAP!!
Any Opinion will be greatly appreciated.
I think you need to go back and think a little more about what you want in terms of space/commute time/budget/sweat equity tradeoffs.

I'm really skeptical about test scores as a measure of a schools performance. Students who go to schools where the average test score is higher, score higher on those tests (on average). It shouldn't take much effort to figure out that this is a tautology and not a very good way to measure how good the school is.
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Old 10-19-2009, 12:21 PM
 
50 posts, read 109,658 times
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Quote:
Originally Posted by njkate View Post
Are you really going to decide based on a poll
I'm not going to decide just based on the poll but I will take it in consideration as well as all opinions. Any input about the schools?
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Old 10-19-2009, 12:24 PM
 
50 posts, read 109,658 times
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Quote:
Originally Posted by elflord1973 View Post
I'm really skeptical about test scores as a measure of a schools performance. Students who go to schools where the average test score is higher, score higher on those tests (on average). It shouldn't take much effort to figure out that this is a tautology and not a very good way to measure how good the school is.
I'm Skeptical too. I whish there was a better measurement! Since the quality of the school system is very important to my decision.
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Old 10-19-2009, 12:25 PM
 
50 posts, read 109,658 times
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Quote:
Originally Posted by nemmert View Post
you can finance the extra cost over 30 years below 5% interest...
Very good point!
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Old 10-19-2009, 12:52 PM
 
Location: NJ
1,614 posts, read 3,627,911 times
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I think the better value would be EB. To me it would be a nightmare to have to do all those renovations. The only advantage to doing the renovations is that you then have the ability to customize everything exactly the way you want it. But it sounds like a huge undertaking and you never know what the final cost could end up being.
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Old 10-19-2009, 01:02 PM
 
Location: Montgomery County, PA
2,771 posts, read 3,682,356 times
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Quote:
Originally Posted by Zoila View Post
I'm Skeptical too. I whish there was a better measurement! Since the quality of the school system is very important to my decision.
The better measurement is to check them out yourself -- call the schools, ask if you can visit, etc.

It looks from what you posted that there aren't that any advantages besides the shorter commute to Springfield.

But then, I'm not familiar with the two areas.

The Springfield house is not necessarily cheaper. You negotiate the price down a few percentage points and the EB place costs exactly the same as Springfield after repairs (assuming no budget overruns in repairs!)
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Old 10-19-2009, 01:04 PM
 
50 posts, read 109,658 times
Reputation: 14
Quote:
Originally Posted by ansky View Post
I think the better value would be EB. To me it would be a nightmare to have to do all those renovations. The only advantage to doing the renovations is that you then have the ability to customize everything exactly the way you want it. But it sounds like a huge undertaking and you never know what the final cost could end up being.
That is exactly my motivation when it comes to the House in Springfield I know I will be able to customize it to my family's need and taste. Also houses in Springfield are more expensive. For example the same house in EB if located in Springfield it would cost over $600,000

Last edited by Zoila; 10-19-2009 at 01:15 PM..
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