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Monthly Archives: January 2017

Rental Apartments as Retirement Income: Bergen County is a Nice Choice

Before we get into the topic at hand, we first need to be clear about one thing.  It takes money to make money!  If you are a regular working class person, you should know that investing in your future should start at a young age.  By that, I mean, as a young adult.  Waiting until you are in your mid 30’s to start planning for your retirement would mean loosing out on 10 good years of investing.  If you are nearing the retirement age, I hope you have made the right investment choices to get you through your golden years.  I only say that because I see what my parents are going through, as I am not sure if they had a retirement plan.

One option available, to subsidize the amount of income you are getting from social security, is real estate.  The issue lies in the fact that if you haven’t made any type of investments through your working career, such as an IRA or 401K plan, you may not have enough savings to make a real estate investment profitable.  If you had some type of investment account, when you turn 65 (or 66 for those born between 1943 and 1954) you have the option of pulling out your funds and rolling it into something more liquid.  Depending on the amount you have available goes a long way in determining what you can do with your money.

rental-apartments-as-retirement-income-bergen-county-is-a-nice-choiceIf you decide to invest in some sort of real estate to increase your retirement income, why not take a look at Bergen County luxury buildings in New Jersey with available apartments or condos.  One advantage is it is much easier to turn them into rental property than it is a single family home.  For one thing, in a condo or co-op, you don’t have to worry about mowing the lawn or keeping up with the landscape.

The farther west you go from the Hudson River, the less you will pay for a 2 or 3 bedroom unit.  Keep in mind, that the property you buy will probably not have the same luxury standards as those new luxury apartments NJ built in and around Fort Lee and Edgewater.  Your building will probably not have the amenity package like the one at The Modern. Check out this link and you’ll see what I mean. On the upside, you can still get $2,000 – $2500 a month in rent for your newly acquired rental property.

 

 
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Posted by on January 31, 2017 in Uncategorized

 

Hi-Rise Luxury Apartments With Pool New Jersey

Hi-Rise Luxury Apartments With Pool New Jersey

Yes, it is January, and there is still snow on the ground.  So why are we talking about apartments with pool in New Jersey?  Because, New Jersey apartments with a pool seem to be trending.  Every new building is including a pool in their list of amenities.  Some of the larger complexes are including both an indoor and an outdoor pool.  The latter would make sense since there are only 4 months of the year when you could use an outdoor pool.

theone-jersey-city-poolOne of the newer apartments in Jersey City with a pool is The One Apartments at 110 First Street.  The outdoor pool here is located atop the 6th floor.  The pool area has a hot tub, cabanas, lounge area, fire pits, and bbq stations.  If the pool were heated, you could probably get another 2 months use out of it, but once you get out of the pool, you would need to sprint back inside or at minimum have a warm jacket at your immediate disposal.

While the pool is not available during the wither months, tenants could take advantage of the other benefits in the building.  The fitness center has cardio equipment, exercise machines, free weights, and a yoga studio.  The hi-def media center makes it convenient to take your kids and their friends down to show a movie, Mom and Dad can get some alone time in the golf simulator.  And if you have little kids, there is a playroom to use, so you don’t need to have toys laying all over your apartment.

For those of us that like to do a little work from home, there is a business bar in the lounge where you can get hooked up to the WiFi while you drink your morning coffee.  The front desk concierge service is available 24 hours/7 days a week, just in case you need something that is not during normal working hours.

In addition to all of this, the super lives right on-site.

If you would like to get the full details of available apartments with pool in Jersey City, check out the website for TheOne Jersey City

 
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Posted by on January 26, 2017 in Luxury Condos NJ

 

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