Home Buying in Basking Ridge>Question Details

Yeti, Home Buyer in New Jersey

Homes in the Hills section of Basking Ridge

Asked by Yeti, New Jersey Thu Feb 12, 2009

I'm interested in buying a home in Basking Ridge. Looked at townhomes in the Hills. Are they really worth 600K that they are listed for. After paying all that money & then some, why would I want to live in such a small place?

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6
Hi Yeti, I have lived in Basking Ridge for over 20 years and feel our town has much to offer which adds to a property's value. Maybe you would consider a home in that price range instead. I know a very good Realtor that might help you find a home that fits your needs and price range. I can also assist you with a mortgage so you will be sure to know what you will qualify for in this current housing market.
Sincerely,
Bill Niziolek
FIF Corp
0 votes Thank Flag Link Fri Sep 4, 2009
Hi Yeti, Jeannie Feenick here again to inquire whether you've found your home. I wanted to also suggest a section of Basking Ridge called Spring Ridge. Below is a link to a townhome/half duplex I have listed there. Similarly to The Hills, Spring Ridge is a designed community offering different styles and levels of living. The home I an linking you to here is one of the larger options and this particular one sits on a very desirable lot backing to a wooded buffer zone, so extra private.
http://emailrpt.gsmls.com/public/show_public_report_rpt.do?r…

Basking Ridge is a great community - hard to go wrong when you choose to live in Basking Ridge - whether the metric is commuting, school quality, or enduring home value, this community stands up to the test.

Please do not hestitate to reach out to me if I can be of service - I'd be honored.

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Sun May 17, 2009
The Hills of Basking Ridge (Bernards Township) has many advantages that buyers today are looking for. It is just minutes from major highways Route 78 & 287 and public transportation; has easy access to many shopping centers, spas, world-renown golf courses, and fine restaurants; features a network of highly desirable jogging paths/bike trails and sidewalks throughout the development; and is located in an excellent school district.

Some people prefer to live in a townhouse rather than a single-family home, although it may have less living space, because they don’t want to have to worry about maintaining landscaping, cleaning gutters or snow removal, and they enjoy the benefits a development offers, such as pools, tennis courts and community clubhouses. Whether a townhome in the Hills development works better for you than a single-family home is a very personal decision.

If you like the general area, but want “more home” for your money, a portion of the Hills is located in Bedminster Township, which has lower taxes and currently slightly lower prices for similar units. For example, some single-family homes in the Bedminster section of the Hills have sold in the 600K range. Also, if you definitely prefer Basking Ridge, there is another development in Basking Ridge less than 5 minutes from the Hills which has many of the very same advantages but has lower priced units for sale – Society Hill, the Cedars, and Spring Ridge, although not necessarily units with more living space.

One of the best ways to determine whether you would be willing to pay a certain amount for any property, including in the Hills, is to see the area in person (you may want to stop in at some open houses), decide whether it works for you, and find out what similar units have sold for in the past.

I have worked with both buyers and sellers in the Hills of Basking Ridge and Bedminster, and if you are interested in working with a real estate agent, I would be happy to speak with you further about the area, or answer any other questions you have.

Good luck with your search!
0 votes Thank Flag Link Thu Feb 12, 2009
Yeti,
Have you looked at enough homes to feel comfortable with a buying decision? Looking at stats and closed sales will only give you a working knowledge of an area. You personally have to go out and see what the town is like and then see the homes that are in your price range that fit your specific needs. Buying a home is a major decision and while the advice of a good real estate agent helps immensely in the end its you that has to feel comfortable with the decision. After you have seen enough homes in a town you know what is a good value and what isn't. That's when you can feel or not feel whether a townhouse in the Hills at 600k is worth it to you.
If you are looking for an agent to assist you with finding your next home, please check out my profile. I have been listing and selling full time in the Basking Ridge area for over 20 years. Good luck with your search.
0 votes Thank Flag Link Thu Feb 12, 2009
Hi Yeti, there are townhomes and homes in "The Hills" in varying price points. The Basking Ridge side is a bit pricier than the Bedminster side. What draws most people to "The Hills" is the lifestyle - the living is dense, but the grounds are well kept, the amenities are great, shopping is near, and there is great access to highways and transportation. It also offers some of the newer housing options in the area in a community setting at an affordable price.

I find that "The Hills" lifestyle is either for you or not. I know people who started in a condo/townhome and have moved up to intermediate and then larger homes within "The Hills" and vow never to leave. And for others I've shown the area to - it just feels too cramped.

I know it well and would be happy to assist you with your search and purchase if you are not working with an agent. You can reach me via Trulia or find me online at http://www.feenick.com Incidentally I track market stats for various communities in Somerset County, including Basking Ridge - you'll find it by clicking on the link below. If you'd like that information distilled further to townhomes or single family homes in Basking Ridge side of "The Hills", I'd be happy to put it together for you.

LINK: http://jeannefeenick.weichertagentpages.com/Content/Content.…

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Thu Feb 12, 2009
That is a very loaded question. Why are you thinking of buying a townhouse if you really don't think it's a good investment? Did you decide that you only want that market (Basking Ridge)? Do you need to be in that area based on work or other reasons? Are you looking at those townhouses just because they are newer in construction? A properties value is based on what a buyer is willing to pay for it, along with what other similar properties are going for in that marketplace. There are currently a few townhouses in that area that are in that price point. If you are working with a buyer's agent, have them run comparable sales for the last 3 months to give you an idea of what kind of value that market is commanding. There are currently 44 townhouses on the market in all of Bernards Twp from a low of $205k for a 1 Br 1bth to as high as $929,900 for a 4 Br, 3 1/2 bth. There are also many single family homes to choose from, but only you can decide if it is worth is to live in "such a small place". If you are not currently represented by an agent, I would be happy to run the closed sales for you and give you any additional help with this potential purchase.

Good luck with your search!
Lisa Tempesta
Broker-Sales Associate
Coldwell Banker
(973) 668-6322
0 votes Thank Flag Link Thu Feb 12, 2009
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