Why should you buy a property in New Jersey?

If you are thinking of buying property in America, there are few places better than New Jersey to make your investment. New Jersey, located snugly on the East Coast, has plenty to offer you. It might not seem to be as big as New York, Connecticut, or any number of states nearby, but New Jersey will allow you access to so much. Not only will you be close to the biggest city in America, you will also be in a location that values rich culture, business and industry, and entertainment. 

For years now, millions of people have flocked to New Jersey and have been very happy with their choice. Over the last few years, the New Jersey real estate market has remained strong – even thriving – despite massive worldwide events that have impacted markets all over the globe. New Jersey real estate is steadfast and strong, even in the worst of times.  

Buying a property in New Jersey requires knowledge about the area and the process. It also requires that you know the exact reasons why you should buy a property in the state. It can be about so much more than just finding a place for you or your family to live. Investing in the real estate market in New Jersey can do that, of course, but it can also give you great financial benefits, and a wonderful living environment too. 

Let’s take a closer look at what you need to know when you are thinking of buying a property in the great state of New Jersey.  

What does New Jersey offer? 

New Jersey offers so much to residents of the state, whether new or old. It is a great place because of its proximity to one of the biggest cultural meccas in the world. It provides many types of housing, from condos to townhomes, to single-family houses. And for businesses, few places are better than New Jersey to start a company and find success on Wall Street and beyond.  

New Jersey has always been one of the most promising states in the country, for a number of big reasons. No matter if you’re living on your own, with friends, with loved ones, with family, or attempting to find success in the business world, New Jersey has something for you if you know where to look. 

Why buy a property in New Jersey? 

So, what are the advantages of buying a property in New Jersey? Why should you take a look at the Garden State and think about packing up your stuff and moving there? There are a number of great things that come with any sort of real estate investment in New Jersey. 

The investment 

According to ATTOM Data Solutions, the median sales price in Hudson County, NJ, as of March 2024, was $652,500, an 18.85% increase from last year. The median price per square foot is $586. Buying property in New Jersey could be a smart investment because you are getting a cheaper price than you would just next door in New York, while remaining closely located with easy access to Manhattan. 

The price of houses and property in New Jersey has been steadily rising the last few years, meaning there would be options to resell your property at a higher price.

The location 

Of course, one of the most exciting things when you buy a property in New Jersey is the fact that you will now own a home or business in one of the most exciting parts of the world. Nestled next to New York and all of its excitement, New Jersey, especially Hudson County, is just minutes away from the heart of the city. And because of that, any property that you buy will be a great place for business or a wonderful location to live when you want to take a quick trip into NYC.  

New Jersey also offers a great shore with plenty of beaches and activities, all along its southern shore all the way to Cape May.

Summary

There are so many great reasons why you should buy property in New Jersey. This is a state that has seen its real estate market stay strong over the years, through the recession, the coronavirus pandemic, and other major world events.

Buying property in New Jersey isn’t just great if you are looking to settle down with your family, but it’s also a supremely smart move if you are running a business and want it to reside in one of the most fast-paced market locations in the world. If you are thinking that New Jersey might be right for you, please contact us at BARNES New York. We can maneuver with your project through the tough, intense world of New Jersey real estate with total ease.