PALISADES PARK, N.J. – It’s an important decision many buyers in northern New Jersey face during their new home search: Enjoy the care-free living of a condominium or invest in a single-family residence?
The two differ dramatically in terms of lifestyle. Several of the advantages of condominiums are already well known, predominantly the ease and convenience of a maintenance-free environment, which eliminates tiresome chores such as trash and snow removal, exterior maintenance and more. There’s also opportunity to reside in a fully-amenitized building with concierge service and five-star onsite recreational and social amenities.
Single-family residences have benefits as well, highlighted by a sense of privacy, yard space and customized layouts and living space.
Beyond lifestyle considerations are finance and value. The “hidden” costs for the maintenance and upkeep of a single-family residence can quickly add up. These additional financial responsibilities often tip the balance in favor of condominiums for many.
“Our purchasers have researched single-family homes only to discover they are often more expensive to purchase and maintain,” says Honey Hwang, Sales Manager for The Marketing Directors, the exclusive sales and marketing agent for Trio, a condominium high-rise in Bergen County’s Palisades Park.
“For example, single-family homeowners assume all of the burden for landscaping, updating and fixing any issues that may arise. These out-of-pocket expenses are avoided with condominium ownership where the majority of the repairs, improvements and maintenance of the exterior, grounds and building systems are covered by the homeowner association. Multi-family buildings also offer significant savings on utility bills with a percentage of water and sewer costs shared by homeowners and lower energy costs due to modern appliances and building technology.”
In markets such as Bergen and Hudson Counties, existing single-family residences priced comparably to brand new condominiums often times require improvements and renovations — adding a considerable amount of extra money to the investment.
“Condominiums also appreciate at a faster rate than single-family homes, meaning owners receive more value,” Ms. Hwang continues. “And, of course, condominiums offer hotel-style services and world class amenities not provided in stand-alone residences.”
Trio is one of the select few new condominium buildings being offered for sale in Bergen County. The two nine-story buildings have recorded strong sales from homebuyers seeking a worry-free urban lifestyle minutes from New York City.
At Trio, the expansive two- and three-bedroom Penthouses have generate strong interest from buyers who once considered single-family homes. Priced from just $595,000, the magnificent residences are being offered with a special limited time incentive that provides up to $50,000 off the purchase price of the luxurious homes.
Five different Penthouse floorplans are now available at Trio with desired elements such as separate kitchen and dining areas, two-and-a-half to three bathrooms, spacious master bedroom suites with walk-in closets, designer kitchens and more. Some of the Penthouses offer spectacular New York City views, while others offer spanning vistas of the western-facing landscape.
Condominiums at Trio are priced from just $330,000 and boast floor-to-ceiling windows, hardwood floors, and modern recessed lighting and individual washers and dryer. Gourmet kitchens include granite countertops, stainless steel GE appliances, custom maple cabinets, and Kohler fixtures. Designer bathrooms feature Crema Marfil marble floors, granite countertops, custom maple vanities, and Kohler fixtures. Homes are available with immediate occupancy and come with covered parking.
An eclectic collection of resort-like amenities and services at Trio offers homeowners the opportunity to participate in a wide range of activities. Found within the buildings is a lounge with billiards, ping pong, a large screen TV and catering kitchen, a state-of-the-art fitness center, yoga studio, game room, virtual golf simulator, outdoor terrace and a business center.
Located at 800 12th Street in Palisades Park, Trio is ideally situated in an established residential neighborhood minutes from a number of transportation options, including bus service. Shopping enthusiasts will find a myriad of opportunities at nearby malls, such as Riverside Square and Garden State Plaza, as well as a host of brand-name stores, specialty shops and boutiques, which line Route 4 and Route 17.
For additional information on Trio, please call (888) 479-1842 or visit www.LiveAtTrio.com.