Buying a condominium or townhome in Maplewood, South Orange, Summit or Chatham, NJ comes with a number of advantages. The primary advantage is that condos and townhomes generally allow you to buy more home for less money. Because condos and townhomes spread building costs over many residents, they usually sell for 20 to 30 percent less than a comparable detached home with the same amount of livable space.
Condos and townhomes also offer lower maintenance and more convenience than traditional homes. Repair costs are shared by all residents through homeowners’ association fees, and you won’t have to worry about mowing the lawn or trimming the hedges. Condos also offer amenities such as pools, fitness centers, or tennis courts that individual homeowners often cannot afford.
The condo and townhome market in Madison, South Orange, Summit and Chatham is extremely vibrant, with many of them reaching a resell in a very short time and reservations are filled quickly when a new project is announced for their construction. The popularity of our condo market is fueled by the area’s easy access to Manhattan, Newark and other major cities. Our townhome and condo real estate markets also appeal to many of the city’s young, educated and affluent residents who want to invest in real estate but who do not want the responsibilities of home ownership. Condos/Townhomes in the aforementioned towns range from $395,000-$1,500,000.
If you are interested in buying a townhome or condo, Gail Middleton who is Condo/Townhouse certified, is available for further information or for visiting any of these sites anytime. Please feel free to e-mail or call her for an appointment.