Why you should consider real estate in New Jersey for your next investment
If you’ve been blessed with a rich inheritance or have worked hard to reach a high-paying job, then you’re probably going to be looking for avenues to grow your wealth. Real estate is one of the safest options to invest in as the asset’s value keeps rising and you can make a decent amount of rental income in the process as well.
If you are such a person and are looking to invest in real estate, one location to consider is Princeton, New Jersey. Whether you’re buying an empty plot of land, a house, an apartment, or a commercial building, investment in Princeton real estate could yield good dividends.
There are factors backing this point, which are the same that would help one judge whether a particular city is a great place to live or not. The most important of these factors are education, crime and safety, economic potential and recreation.
Character and history
The above-mentioned factors notwithstanding, it also helps if a city has some character and history. Luckily, Princeton has plenty of both. This city was the site of the Battle of Princeton, where George Washington defeated the British, who were forced to abandon the city.
Princeton was also an important hub in the transportation network during the stagecoach era. It held the same position when rail became the primary form of transport, due to its proximity to New York City and Philadelphia, both important economic hubs.
Crime and safety
Crime and safety are the most important factors to consider when assessing a city and, luckily, Princeton manages to do very well in this regard. In comparison to most cities in the United States, Princeton has a very low crime index.
For example, in 2017 there were only 22 reported incidents of assault and robbery. This is very low in comparison to the national average.
Princeton is home to one of the best universities in the world, Princeton University. The public school system is just as impressive with the local high school, Princeton High, scoring a qualification rate of 95%, which is one of the best in the entire country.
Princeton has massive potential when it comes to economic opportunity. Many families choose to live in Princeton as they can give their children a quality life and good education, while having access to two major economic hubs, New York and Philadelphia. Being only an hour away, many people choose to commute from the city every day for work.
This proximity to major economic hubs also means more and more businesses will consider Princeton as a location to establish their presence. This creates further opportunity.
Princeton has a large selection of bars, diners, restaurants, cafes, cinemas and theatres. These venues will host different events regularly including stand-up comedy, karaoke, plays and concerts. There’s also a public museum located inside Princeton University.
As you can see, Princeton does better than most cities when it comes to the above-mentioned factors. When a city is able to offer so much, more families and businesses will look to it to call home. This presents an economic opportunity in real estate in and around Princeton. From an investment perspective, this is an opportunity one should truly consider.
The editorial unit