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We moved out of Rahway because we couldn't afford a house there. Well, a few years later and we're both in better position to buy a house and we want to move back to Rahway.
I know the schools aren't good. We don't have any kids and don't plan on having any for a couple of years.
The house is 2 bedrooms and I figure by the time we have kids and they are old enough to go to school, we'd move.
Knowing this, would you move back to a town you loved, even if the schools were bad knowing you would have to move again when the kids came and went to school?
Me being ex-military no I would not move I would get the house in the town with the schools I like now and not have to base the decision on when to have a child on my next closing
We moved out of Rahway because we couldn't afford a house there. Well, a few years later and we're both in better position to buy a house and we want to move back to Rahway.
I know the schools aren't good. We don't have any kids and don't plan on having any for a couple of years.
The house is 2 bedrooms and I figure by the time we have kids and they are old enough to go to school, we'd move.
Knowing this, would you move back to a town you loved, even if the schools were bad knowing you would have to move again when the kids came and went to school?
Sure. There will be those who say "but a 2br house is horrible for resale! And bad schools will limit your buyer pool!", but just like that house works for you now, it'll work for someone in the same situation as you when you look to move. It may not sell as fast as a 3br, but it'll go.
My first house was a 1br house in South Edison that was built in 1940. Everyone told us we were crazy for buying it because it'd never re-sell. When we listed it a year later, we sold it within a week to another young couple with no kids. And that was back in the early 90's when houses weren't selling that well.
Me being ex-military no I would not move I would get the house in the town with the schools I like now and not have to base the decision on when to have a child on my next closing
Edison has good schools not to far from Rahway
If they can't afford a 3br house in Rahway, what makes you think they can afford one in Edison- especially in the areas with good schools?
Knowing this, would you move back to a town you loved, even if the schools were bad knowing you would have to move again when the kids came and went to school?
A very fair question, and one I'm sure many people have asked themselves.
When real estate prices are high, and rising, this is probably a good strategy. Buy someplace you can afford & know you like, and when you are in an even better position, move up.
Now, however, the market is not as high priced as it was, and probably not as high priced as it will be in a few years. This year might be a very good time to buy the house in the town where you want to raise your kids, if you have the wherewithal to do it without stretching yourself too much, financially. Odds are, (and please note that I do not promise, guarantee, or in any way ensure) that the price of the house will be higher in a few years when you are looking to move. Additionally, if you can buy now, the house in which you will spend those child rearing years, you'll save the expense of selling & buying another house in a few years. I know it's only a few thousand dollars, but when you add the change together, it starts looking like real money.
Of course, if you believe the market will be flat or decline in the intervening years, well then you can throw my thoughts out the window & work on a different plan.
If they can't afford a 3br house in Rahway, what makes you think they can afford one in Edison- especially in the areas with good schools?
Sorry just offering my advice she asked a question. You can find houses that need repairs in the good area's and if your handy can save you a boat load of money. We bought our first house 2 Bedroom in Iselin (Ridgeley Ave) in 99 for 112k and sold in 05 for 290k just have to keep looking..
Sorry just offering my advice she asked a question. You can find houses that need repairs in the good area's and if your handy can save you a boat load of money. We bought our first house 2 Bedroom in Iselin (Ridgeley Ave) in 99 for 112k and sold in 05 for 290k just have to keep looking..
True- we did the same on Worth Street- bought in 99 for 105k, and sold last year for 320k. The difference is, those 100k homes don't exist anymore- even a fixer in a decent area is going to run you 250k (with few exceptions).
even a fixer in a decent area is going to run you 250k (with few exceptions).
Was the last "(with few exceptions)" in my general direction?
I would look to Bill Keegan's advice. Rahway's school system is good enough for some people, or they wouldn't be there. If you can snag a 3BR, I'd go for that over the 2BR option.
That said, with the changes still ongoing in Rahway (downtown primarily) I would definitely consider a 2BR in Rahway if thats what you're looking for now.
I too say try your best to buy the place you want to spend the next 15-20 years. To me, a house is THE BIGGEST investment you can make in your life. Dont take it lightly. It is NOT cheap, and will be much more work than it seems if you have never owned or lived in a house before.
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