7 Strategies Every Smart Home Buyer in Bergen County Should Consider

Whether you think you’ll stay in your new home “forever” or plan to move again in a few years, it pays to keep resale value in mind from the start. Here are some sure-fire tips:

1. Look for a strong, diversified local economy

Business expansions and new companies moving to an area mean more buyers. That increased demand can help home prices rise.

2. Consider areas with low (or no) taxes

This includes state income tax, personal property tax, etc. These areas attract buyers.

3. Check out local school ratings

Property values track closely with the quality of schools and the level of local funding.

4. Look for low crime areas

Also, active neighborhood watch programs.

5. Check local zoning laws and plans

for development to find out if the area could change for the worse- or the better.

6. Learn how often homes in the neighborhood are listed

for sale and how quickly they sell. The fewer that list and the faster they sell, the more demand there is for the neighborhood.

7. Buy a modest home in the top neighborhood

rather than a top home in a modest neighborhood. You want your home’s value to look like a bargain compared to your neighbors’ homes.

 

This Report is brought to you by Paula Clark’s Monthly Real Estate Newsletter for Bergen County’s Pascack Valley and Northern Valley from The Gooder Group.