How much does a decent home in CT or NJ run for?

Question

I want to know from the people who actually live there. I am in New York and I want to move to CT in 3 -4years and want to purchase a home in either CT or NJ. How much do my boyfriend and I need to start saving up today? Also, what are the good areas to live ? what is the taxes like? Just fill me in so I know what I am getting myself into.

Answer 1

If you move away from the coastline (and generally away from the Metro and Path trains), the prices drop significantly. Otherwise you're living in the most expensive area in the US. Regular houses in Fairfield County run for $800,000 a year with 1% to 2% taxes, so $8,000 a year for property tax. That'd also mean having $80-160K saved up for a downpayment, at the least.

Best of luck!

Answer 2

I moved from NYC to Connecticut about four years ago.

Closest to NYC, you have the Fairfield County area. This includes Greenwich, which is VERY expensive, great schools, nice homes, and close to NYC when you want to be, but it also includes Bridgeport which is, to be generous, a very depressing place to live. It has terrible traffic problems. At the further end you have New London County, about two hours by car from both Boston and NYC. New London and Groton are pretty much dominated by Pfizer, the military base, and related industries, with two casinos just north of the area. A little west is the Shoreline area near the Connecticut River, including Lyme/Old Lyme/Old Saybrook. These are quiet, decent communities, where you can get a nice private home for about $200k, or you can spend $650k for the same house in a better neighborhood, or $900k if you want beachfront. Further inland you have Hartford and Norwich, larger cities that have some issues, but more work opportunities than more rural places.

As far as saving for the down payment, it depends on the home and your credit. If you buy right (meaning the right price relative to the home's value, and have a good team of realtor, lender, and attorney) and have a good credit score, you can get in with about $3k of your own money.

Taxes vary by town and the price of the home. It's really hard to say.

If you want to email me, I'd be glad to either give you more information or put you in touch with the people that can, based on your own specific circumstances.

Answer 3

I stay in California. it is insane how human beings vote right here. I understand that socially we are very liberal, i'm getting that, yet we additionally vote for tax and spend liberal politicians around the board. It drives me up a wall. The politicians will hype some gov't works project, as an occasion the "Subway to the sea!" each and every physique gets excited and then we come to make certain that no longer basically does the subway no longer circulate to the sea, besides the undeniable fact that it is going to fee $60 billion greater effective than we've been initially advised. what's worse is the Republicans are helping the Democrats injury this state. it is astonishing. edit: Schwarzenegger is the poster boy of RINOS. i do no longer think of he's familiar with what a Republican is, according to hazard that's a language barrier element ;)

Answer 4

That depends where in CT. I live in Fairfield county, about 45 minutes from NYC and there are parts of the area that are alot cheaper then other parts. It depends what you are looking for in a home and the location.