Wednesday, June 20, 2007

Journal Square continues to climb in popularity!

Remember when you were in High School? What crazy days those were, some people like me have trouble remembering all of the "good times", but there is no shortage of memories involving the sacred cow of those youthful days..."POPULARITY".

Popularity is a barometer for success or failure. Think about it for a moment, whole political campaigns are based on a candidates popularity.

"What's all that got to do with Real Estate, Grant?" You must be asking...well, Alot!
Keep in mind that we are experiencing a crucial moment in the real estate market at this time. It is not neccessarily a slow down...it is a metamorphosis. In order to guage your success as an investor it is crucial to know where the money is going now, and why.
Why is an area popular or unpopular and what are the factors that create this popularity?

Jersey City continues to gain popularity for a number of vital reasons, reasons that you will deem important to your decision to invest in the Journal Square area! It could be that you are wondering...

"What are some of these reasons?"

1. Jersey City is considered the state's "Destination City" it is the state's financial engine, in fact... The New Jersey Business and Industry Association found the city accounted for 90 percent of new jobs produced by the state’s urban centers!

2. 18 million square feet of office space and growing, makes Jersey City the 12th largest downtown in the United States. Hey, keep in mind that in 1980 Jersey City only possessed a mere 1 million square feet...total of office space!

3. Journal Square, perhaps one of the most important projects in the city’s redevelopment. Why? It is the geographical heart of the metropolis, and offers even more opportunity to continue the already rampant regrowth of the city.

With such popularity amongst the investment circles, it is certainly clear to see how your investment will fare in the near future. Jersey City's metamorphosis on the "Gold Coast" is rapidly transforming the whole of the city. There are now plans to construct a continuation of the Bergen Light Rail in the Marion Section west of Journal Square!

As more and more investors from a variety of philosphies and backgrounds continue to invest in the city's future. Journal Square's popularity continues to rise!

Monday, April 23, 2007

Model of Urban Future?



For the past 4 years I have been asked by friends and colleagues one question...why I chose to invest in Jersey City. It is one question that has always provoked laughter, because I thought that it was "apparent". Seemingly it was not, because if it had been so obvious they would not have been compelled to ask the question, right? Wrong. I guess I suffered from a lack of understanding, and they a lack of vision, that I thought everyone possessed.
Luckily for me, a friend that also invested in Jersey City told me about an article that he had read in the USA today that will shed light on my reason for parking my monopoly money on this area.USA Today could not have said it any better. The truth of the matter is... Journal Square is a mere 2 Path stops from WTC, just what do you think is going to occur when all of the office space that will go up in the former WTC site is erected and leased?

It is my opinion that those looking for a economically feasible apartment will also look to Jersey City as a means to finding housing. Housing that is not only affordable but accessible as well.

And, it is no secret that the market is not the same as it was 2-3 years ago. Which means that by investing now, you might expect to reap the rewards of the cylical nature of the real estate market. But hey, that's just my opinion. It seems that my opinion is based in sound ideas. Now, instead of being asked what made me chose to invest in Jersey City, I am being asked why did'nt I invest more...

Tuesday, April 10, 2007

Monday, April 9, 2007

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Wednesday, March 7, 2007

Never overlook a home inspection!

One of the largest mistakes made in real estate is the purchase of a home before it has passed a proper and certified inspection. There are more reasons for this than can reasonably be explained in such a short time so, the main reasons will be discussed here. Perhaps the foundational reason for having an inspection conducted before a home purchase is safety. You as the new owner should know about every safety concern dealing with the home in question. This ranges from everything from the base of the foundation to the tip of the roof and everything in between. You would not choose to live in an unsafe home and this is the time to find out how safe the home is. A good inspector will check every aspect of the home, the most important aspects being the strength of the foundation and the structural integrity of the home itself.




Inspectors also check to verify that the inner workings of the home are in proper working order. This refers to the electrical wiring, the plumbing system and all the related functionality that is associated with it. They can check to see if wiring is properly grounded and septic tanks (if any) are in working order. Also they should spend some time checking the roof for leaks and strength. A thorough inspector can also check the yard and grounds for any drainage problems that may or may have occurred. This can directly affect the foundations of your home as proper drainage is essential. One of the most important things that an inspector can check for is mold so make sure you hire an inspector that is educated and knowledgeable on the topic of mold in the home. Its a regular thing that mold is overlooked or mistaken for mildew. The two are certainly different and mold can have negative effects on the health of the residents of the home. This is particularly evident in those with a compromised immune system or allergies and conditions such as emphysema.




You can never be too careful in having your new home inspected. It is worth the time and effort to find an inspector who will treat your home as if it is their own. Get educated on the inspection process and don't settle for anything but the best.

Enjoy the Blog!

Take a drive around the Journal Square neighborhood with me!

Thank you for you visit!