Trio, the upscale condominium in Bergen County’s Palisades Park, is proving to be a popular choice for a new generation of buyers who view their primary residence not only as a home, but also a real estate investment.
While finding the perfect residence and lifestyle still top the list of importance in any new home purchase, the added benefits of appreciation, tax advantages and more are quickly gaining traction. According to a recent Bankrate.com survey, real estate is the top preferred long-term investment option for many, outpacing traditional assets including cash, the stock market and gold.
The challenge lies in identifying markets where the high home values can be attained. In areas such as Bergen County, N.J., value-packed purchasing opportunities are few and far between as high demand and a lack of inventory have resulted in escalating prices and created tough competition.
Step in Trio, a premium investment opportunity that combines sought after wishes such as location, schools and quality of life with upscale condominiums priced from a very attractive $475,000. Adding to the great value that already exists at the full-service buildings are limited time summer incentives, including $30,000 off the price of a two-bedroom condominium home and $50,000 off the price of one of Trio’s spectacular Penthouse residences. What’s more, every home purchase is being offered with a free parking spot.
“We’re seeing an increase in homebuyers who want the ideal home for their family, but also have an eye focused on finding the highest values and seek the stability and financial benefits of real estate investment, including the possibility of an eventual income-producing property,” says Ellie Kim, Sales Representative for The Marketing Directors, the exclusive marketing and sales agent at Trio.
“They’re frustrated with the lack of supply in the Bergen County market which has created rising prices. They’re exhausted from competing in bidding wars for properties in good condition. And they’re tired from having to look even harder to not only find the right home, but also get the most for their money.”
Trio, Ms. Kim points out, eliminates many of these impediments with a strong inventory of homes and a mix of floorplans that fit differing lifestyle needs, all in a modern high-rise building with a full suite of amenities and services.
“The complete package at Trio makes it attractive to homebuyers who consider this purchase as much more than a home,” she says. “Designer homes, access to world-class amenities, a desirable location minutes from the George Washington Bridge and, of course, attractive pricing have created everlasting value. It’s the right fit for buyers looking for sophisticated living and a high return on investment.” Continue reading