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Thread summary:

New Brunswick: commute-ability, safe neighborhood, housing value, good salary

 
Old 07-20-2007, 09:43 PM
 
2 posts, read 2,104 times
Reputation: 11

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Hey everyone,

We would love some feedback here. We are an engaged couple in our late 20s and have just moved to NJ from Chicago. One of us is working in a law firm in Midtown (Lex and 53rd), the other is working at the Robert Wood Johnson hospital in New Brunswick (right off the New Brunswick train stop). We are currently renting in New Brunswick, but are looking into buying at the end of our lease term next summer. Our big question is where, and we are not yet all that familiar with the area, and would love your help.

Here is what we are looking for in terms of neighborhood, in rough order of importance:

1. Commute-ability. Her job at the Hospital requires her to be there at 5am daily. Would like to stay away from driving, because her job requires her to be on overnight call every few days, and driving while sleep deprived isn't particularly safe. (Minimum driving to a train stop is OK, but not much more than that.) The guy works in Manhattan (and does not need to rely on public transit during non-usual hours), so that part is easier.

2. Type of neighborhood. We don't have any kids (hell, we aren't even married yet!) so we don't particularly need a bedroom community with good schools. We would want a neighborhood that has other young professionals, and has somewhat of a scene. (We visited Hoboken once and liked it, so something similar.) Not looking for a non-stop party environment, but would definitely appreciate a place where there is more than a McDonalds and Taco Bell to choose from for an evening out.

3. Safety. Notwithstanding the value considerations below, we don't want to be in a place where our safety would be in danger. The female would often have to leave or arrive home at night, alone, so this is very important.

4. Value. We aren't necessarily looking for the cheapest real estate on the eastern seaboard, but although we are both professionals with good salaries (about 225-250k combined), both of us had to indebt ourselves very heavily to get to where we are educationally. We are also first-time buyers and have no equity or down payment savings. The upshot of all of this is that we are looking for something that probably doesn't exceed $400-450K. It being our first home, a neighborhood with appreciation potential would be quite nice (but not so much appreciation potential that we would have to spend time repairing bullet holes).

Any suggestions?
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Old 07-21-2007, 03:45 PM
 
2 posts, read 2,104 times
Reputation: 11
P.S. We are open to any form of housing, i.e. condo, townhouse, single-family home, etc. No preference at this stage (might change once we have kids, but that it still some time in the future). Also open to new construction; our time frame is next summer but if we can get something nice at good preconstruction pricing, we might revise the timeline.

Oh yeah, and bump
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Old 07-21-2007, 03:58 PM
 
Location: New Jersey
1,508 posts, read 5,705,077 times
Reputation: 1447
Default Ideas

I sent you a PM & I gave you Pos Rep's
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Old 07-21-2007, 10:50 PM
 
Location: Central New Jersey
1,289 posts, read 5,819,312 times
Reputation: 298
You probably want to be in Middlesex county for the commute reasons. Areas in that county like Hoboken are pretty much only New Brunswick but New Brunswick is so expensive now a days in the good area with these high rise condos that I rarely recommend people there. Some areas that you might like to consider with train systems would be Edison & Metuchen. Metuchen has some nice condos in the $400K range that are really nice and VERY close to the train. Good luck with your search.
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Old 07-21-2007, 11:54 PM
 
119 posts, read 209,589 times
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There is going to be a brand new Condo/Townhouse community at Edison may be grand opening in August right next to Middlexsex County College called Centre Place of Edison that is $300k and $400k price range. VERY NICE new community. I was just invited to previewed the community as Gold metal winner of million dollar club in 2006 (Hey! I produced over $10 million sales, you got to believe real estate is really very hot in Greater Edison area...)

You may ask your realtor to show you the place... (I am only open to my old 500 clients who want to move up for now, and not taking new buyers, sorry).
You may also visit their website at lennar.com and look for Centre Place of Edison ...
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