New Jersey Apartments: Buy or Rent, Your Money is Well Spent

15 Apr

New Jersey Apartments can range in quality from the nondescript to outstandingly lavish. It all depends on which neighborhood or city in which you choose to live. Whether you rent or buy, that choice is strictly up to you. Just keep in mind that there are pros and cons to either buying an apartment or simply renting one.
Brad and Jo Hin felt they needed a change of pace from renting a studio apartment in Queens, New York. They both worked at good paying jobs in Manhattan. Jo Hin is an executive assistant at a major ad agency on Madison Avenue. Brad is a computer network security specialist at a federal government agency in New York. Given the fact they both make good money and both of them are in their early 30s, they wanted to find an apartment for rent or for sale where they could still enjoy the conveniences and fast pace of city life, but also have an extra bedroom available for starting a family.
Brad and Jo Hin looked at various places in the New York Metro area before deciding they wanted to live across the Hudson River from Manhattan in an apartment building in Hackensack. They found that Hackensack was the best place for them to purchase an apartment out of the treasure trove of New Jersey apartments that they looked at. The apartment they found happens to be a block away from an elementary school and a two-minute drive from the grocery store and other shopping.
Since they had hoped to buy a place of their own someday, Brad and Jo Hin were able to put down a hefty sum of money with all the money they saved over the years toward a down payment on their $379,000 two-bedroom, two bath apartment. Their apartment building has a state-of-the-art fitness room and a fabulous rooftop pool for residents and guests.
A short distance away, Shanique just signed a one-year lease for an apartment in Newark. For just under $700 per month, Shanique is easily able to afford the rent on her one-bedroom, one bath apartment on Washington Avenue. Shanique didn’t want anything too fancy, but she wanted to live in a building that has controlled access. As an attractive 23-year-old woman, building security was one of the main features she was looking for in an apartment.
For the price she’s paying per month, Shanique landed a great deal since her apartment comes with dishwasher, washer and dryer, and hardwood floors. Based on what she makes as a claims adjuster for a nationally recognized car insurance company, she won’t have any trouble paying the rent. Who knows? She just might be able to save up enough money rather quickly for a down payment for a house or condominium later on in life.
If you’re looking for an apartment anywhere in New Jersey, all you have to do to find one is by doing a simple search on the Internet. There are scores of sites dedicated to helping you find an apartment that’s right for you out of all the New Jersey apartments that are available.

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Posted by on April 15, 2011 in Uncategorized



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