The top issues currently impacting real estate

Buying your first home, upgrading your home or buying a bigger home for a growing family can be a challenge. You may face worries about the economy, or you may be finding it impossible to gain the funding that you need in order to make the purchase.

If you are looking into purchasing a home in New Jersey, it is important that you have a sound understanding of the challenges that you could face. By understanding the most common issues, you will be better equipped to work past them as you embark on your investment journey.

Older buildings are becoming less desirable

We are quickly moving into a new era when it comes to integrated technology, and this is becoming more relevant than ever for the residential market. New homes are built with technological innovation in mind, from solar panels and electronic roofs to smart homes where all utilities can be controlled through an app. Because of this shift, older structures are likely to become less valuable over time. While they may not make a long-term lucrative investment, they can be a good choice for growing families.

Gentrification poses a significant affordability challenge

Location is everything when it comes to real estate, and we are seeing that many neighborhoods can rapidly gentrify and price people out of the market. When looking for an affordable home, it is a good idea to consider locations that are on the brink of becoming fully developed.

If you are struggling to purchase a home in the state of New Jersey, it is important that you consider different funding strategies. An attorney experienced in real estate matters can help.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

We Can Help
  • D'Alessandro & D'Alessandro, LLC
    2 North Finley Avenue
    Basking Ridge, NJ 07920

    Toll Free: 800-200-1238
    Phone: 908-643-6996
    Fax: 908-766-6158
    Basking Ridge Law Office Map