If you invest in real estate, you know the residential housing market is hot right now! But what about commercial real estate in Oradell, NJ? Should you sink some of your money into one of these operations, or keep waiting for the housing bubble to burst? Commercial real estate investment can be a good choice, as long as you keep the following factors in mind.
1. Location of Your Commercial Real Estate Investment
Location is once again relevant! After two years of doing everything “from home,” community hubs, “downtown” spaces, and commercial business plazas are reopening. When you consider your commercial real estate investment plans, you need to make sure your property is in a good location. Choose an area where your commercial property tenants have already been established, and where there is still room to grow. Established properties near new housing construction, new highways, or other amenities are positioned to see growth!
2. Age of Facility versus Modern Needs
If you’re looking to buy commercial real estate in Oradell, NJ, you may have noticed that we have some classic properties. In older communities, many of the commercial properties were built in the 70s and 80s, and have not seen significant upgrades. These can come at a lower cost, or can be hugely popular in the community, but make sure you have a thorough understanding of the property’s needs and amenities before you sign your contract. A new coat of paint and upgraded plumbing is one thing; a collapsing roof or a property that is not accessible could cut into your profits.
3. Why You Need the Best Real Estate Agents in NJ
No matter what kind of property you plan to buy, you need a high-performing real estate agent in NJ to help! If you’re buying a commercial real estate investment in NJ, you need a knowledgeable, local agent even more. Your real estate agent can help you find a neighborhood that is suitable for your investment, provide tips on age and condition of these buildings, and even connect your commercial property with tenants.
Escape from NY!
Between the pandemic, the rent crisis, and the closure of many small businesses and restaurants, big cities like NYC are clearing out! Across the nation, many big cities are seeing significant chunks of their population move elsewhere. The pandemic brought to the front of everyone’s mind the same thought: We are too crowded here and it is unhealthy! Whether you want a room to hang laundry, for the kids to play outside, or just to breathe fresh air, a move away from the big city is on many people’s minds right now.
A Fresh Start
Even if you never cared for city life, now is a great time to make a fresh start. Mortgage rates are very low, so if you’re looking for a home for sale in Belvidere or Andover, this may be a great time to lock in those rates! There are so many areas throughout NJ and the tri-state area that are expanding and growing, meaning you could even score a brand new home for sale for a great price!
Why You Need A Top Realtor in Oradell!
With these great reasons, you’re probably searching for homes for sale near you right now! But before you get too far along, don’t forget a very important ingredient—a top Realtor! Most people only purchase a few homes in their lives, so don’t waste time with an unresponsive or unmotivated real estate agent. New Jersey has many fine real estate agents who will help you find the perfect home, at a great price, with affordable financing.
Don’t wait! Sheldon Neal and his team have helped hundreds of people buy homes in NJ before and during this pandemic! Expand your options, get out of the city, or just take advantage of the great low mortgage rates and call an expert realtor in Bergen County today!
Is it time for a move? If you’re looking to buy a house in Oradell NJ, you may not want to wait! 2021 has just started, the world is still in the grips of a pandemic, and mortgage rates are lower than ever. What better time is there to move to a house with a bigger yard, extra space for private video calls, or a new school district? If you want to move quickly, here are our top real estate tips to help you buy houses in Oradell NJ faster and easier!
Tip #1: Find an expert in real estate! Your real estate agent can make or break your home search. Does your real estate agent listen to you? Do they know exactly what you want? Do they respect your budget? Before searching for your next home, your real estate agent has to know you and your home needs as well as possible.
Tip #2: Do you have cash on hand? Here’s the cold facts: Cash sales can be far quicker than financed sales! If you have cash available in your budget, and buying a new house in NJ is at the top of your priority list, turn that cash into the home of your dreams.
Tip #3: Time travel for financing! We mentioned above that cash sales are quicker—if you need financing, plan an extra few months. If you’re considering purchasing a home in NJ this spring, start on your financing now to make sure you are pre-approved for a loan. Of course, the best real estate agents in NJ have contacts with skilled lenders who can help in any situation, but if you can, early financing is best.
Tip #4: Fresh, new communities. If you need a house fast, look in an area with many homes for sale. Where are the most homes for sale in Oradell? At new living communities! In New Jersey, many new communities are popping up in what used to be suburban or rural areas, opening up brand new homes! Although many of these sell out before the first hammer strikes, check with your real estate agent to see what is available.
Are you ready to start your home search in 2021? Make that change you’ve been waiting for when you buy a new house in Oradell! Sheldon Neal and his expert team of real estate agents have helped hundreds of homeowners to find their next house, and they can help you find a perfect match as well!