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Many of these 'cheap homes' may look beautiful but it's a ton of work. Fixing/Updating a historic home can be quite complicated. Having lived in Newburgh I can tell you first hand that it's an uphill battle. Most of these homes can look like gems but are usually governed by an Architectural Review Committee who will not always see things your way. Their main job is to keep the integrity of your historic home based on just that, historic leanings. Not a bad thing but not a cheap thing either. Helps to be handy otherwise your costs can rise very quickly.
The other problem is in some towns, like Newburgh, your home can be surrounded by completely dilapidated homes where that owner somehow completely bypassed the ARC process and then just flipped it over to a multi-family mixed housing/section 8 type of home. This will in turn bring a huge amount of issues. Code enforcement tends to be heavy handed ONLY for those who actually are trying to do the right thing. So while I recognize the structural beauty and history of a city like Newburgh bear in mind that it's only meant for those that are truly in for the long haul and where quality of life issues aren't as important. Also make sure you tell your friend that while there are some great loan packages out there (think 203k rehab loan), the process can be long and frustrating. Taxes in Newburgh have also been rising so make sure you can speak with the local tax assesor to get some input on what your friend can expect to pay once a home is brought up to code. You don't want to have the most expensive house with the highest taxes anywhere. Last but not least, go and walk the area, night and day to get a better feel. But do be careful about your surroundings, especially in Newburgh...think Bed Stuy. Some areas are much nicer than others but equally you just need to be careful. There's a reason you can get a brownstone for under $100k.
Hey drewtonium - how does one commute to NYC from this area, are there non-car or partial-driving options? thanks!
Quote:
Originally Posted by drewtonium
sloatsburg and tuxedo area would have historic homes, plenty of nature, easy access to all the shopping on route 17 in jersey and the outlets (in those two area there is just about every store in existence), and the shortest commute from anywhere upstate without the taxes of the westchester area. lots of parks and recreation like ringwood state park are just minutes away. pretty good local food would also be a short drive. the hills, lakes and small towns of the area are a real pretty backdrop.
Hey drewtonium - how does one commute to NYC from this area, are there non-car or partial-driving options? thanks!
I used to live in this area and commute to Bergen County (by car); I believe there are buses and a train out of Tuxedo that go to NYC.
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how to commute to NYC from Sloatsburg?
