Should You Hold On To Your New Jersey Property?

Given the rising prices of real estate properties in New Jersey, it makes sense to hold on to your New Jersey property. That is, until you consider just how expensive it is to just let it sit there.

Below, we’ll help you decide whether or not you should hold on to your New Jersey property in Hudson, or if you’re better off putting it up for sale along with other homes for sale in Hudson.

Pros

The Ever-Increasing Value

There’s always a chance that your land will go up in price over the years. It might not happen soon, but it will happen. That’s just how the price of land goes. However, there’s really no guarantee if it’s going to happen next year or in the next decade, so make sure that you keep yourself updated on what’s going on in your area so you can try and “predict” if the value is going to increase or not and if the price increase is worth waiting for.

Relatively Low Maintenance

If we’re talking about land here, then you’re in good shape. Lands are very easy to maintain. You don’t have to worry about repairs, maintenance, and even utility costs. Not to mention, you won’t have to pay as much in terms of property taxes, which is great. But, if we’re talking about a house and lot here, then you can consider all of this moot.

Cons

It’s a Risky Venture

Holding on to your New Jersey house makes sense, but only if you know what you’re doing. Even then, it’s a huge risk. Unless your land is producing income for you, then you’re going to be spending money for it. Not a lot, but still. Environmental changes and zoning issues can also prevent you from enacting whatever it is you planned for your property, essentially making your piece of land a sitting duck for years at a time.

You Lose Out On Other Investments

Real estate properties aren’t cheap. They’re going to cost you a lot. If you decide to invest in one, expect your money to be tied up to it for quite some time. The same goes for holding on to it, because, either way, you could’ve had money invested in something that would actually pay credible dividends much sooner rather than later.

Remember, there are plenty of safer and profitable investments out there if you would only take the time to research, and of course, if you have the cash available to take advantage of a possibly lucrative opportunity!

A real estate property is an investment. There’s no denying that. That’s why you see plenty of people intrigued by the possibility of getting a steal deal from the many houses for sale in Hudson. Unfortunately, it is also a very risky venture that can turn sour quickly if you don’t have an exit strategy planned out.

Whether it’s a piece of land or a rental property, make sure that you do your research right so you don’t end up wasting your money – you don’t want to find yourself in a situation where you have a piece of property and zero buyers.

Download our
FREE Market Guide
Now

  • This field is for validation purposes and should be left unchanged.

See Our Google Reviews

Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
Next Reviews

Site Map
Privacy Policy

Click for the BBB Business Review of Cash Buyer New Jersey

BBB RATING: A+