The New Jersey Luxury Real Estate Blog

Is Your Prospective Home a Good Asset Purchase?

Luxury Backyard Photo

Today, financial advisors believe that homes are either assets or liabilities. Technically, a liability is anything that costs money, and an asset is anything that creates positive cash flow.

From this definition, a home is technically a liability, because it costs you money—even if you’ve paid it off and are living in it debt-free. As long as you’re paying your utilities, insurance fees, etc,. your home is technically a liability that’s costing you money.

So, are we telling you not to buy a home? Absolutely not. Homes can be assets or liabilities—depending on their overall cash flow (or lack thereof).

Your home will require money as long as you live in it, making it an expense and liability. However, if your home eventually puts more money in your pocket than it costs you overall, it’s an asset.

Before you purchase your new home, consider if you will be able to walk away from it net positive. If you’re wondering what indicates a good asset purchase, read on:

Tabula Rasa, Tabula Conferta

If it’s been a few years since your last Latin class—or if you’ve...

What Makes for a True Luxury Home?

Kitchen in Modern Home

If you’re left awestruck by the design and function of a home, chances are you’re viewing a luxury dwelling—these charming developments often possess features that are hard to fathom, let alone come by in the current market.

Although it’s hard to believe that these features exist, it’s not because they’re outlandish in any way. In fact, luxury homes offer the perfect amount of form and function.

What are we talking about, exactly? Well, read on to find out:

1) No Expense Spared

Whether we’re talking about luxury in terms of clothing or real estate, the first thing that comes to mind is often cost. Luxury goods—especially homes—are generally placed at the higher end of the market.

What makes a luxury home high value, though? It starts with construction and echoes throughout the entire home. 

When luxury homes are built, no expense is spared—everything is made with precious materials. In addition to utilizing the best materials, the way these materials work together to create both structure and design is unparalleled....

Entertainer's Paradise: 84 Shrewsbury Drive, Livingston

84 Shrewsbury Drive Entry Hall

A spectacular one-of-a-kind estate on nearly an acre with refined architectural detailing and grandeur, the modern open floor plan with soaring ceilings and expansive rooms offers lots of light and breathtaking sunset views through skylights and walls of windows. The dramatic floating staircase sets the tone for perfection throughout, where lavish events as well as small gatherings offer guests and residents a very unique and noteworthy experience. Effortless entertaining is afforded by multiple sitting areas, media room, library, commercial grade gourmet kitchen, flexible bedroom arrangement, paver parking court and expansive deck overlooking lush park-like grounds. The lower level features a large entertainment area, game room, built-in custom bar and full-size exercise room. No gym membership needed.

6 bedrooms, 5 full and 2 half bath, 3 car garage, open floor plan, custom renovations and upgrades throughout, expansive property and so much more.

For more information visit www.84ShrewsburyDrive.com or contact Tony Verducci at 973.477.2220.

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Quintessential Livingston Colonial: 15 West Drive, Livingston

15 West Drive Front View of Home

An extremely rare opportunity to live on West Drive, a prestigious, sought after street with convenient access to NYC transportation just blocks away. The stunning tree-lined community conjures up images of a bygone era, where borrowing a cup of sugar from a neighbor is still a common occurrence. And of course the award winning Livingston school system is top rated and the envy of all neighboring towns. Step inside and you will find a floor plan that is both convenient and comfortable. A fireside living room with walls of windows leads through wide doors into a formal dining room. The white kitchen cabinetry offers a fresh feel and the fireside family room a restful retreat. The private lush rear yard is beautifully landscaped and ready for fun.

4 bedrooms, 2 full and 1 half bath, 1 car oversized garage, open floor plan, expansive property and so much more.

For more information visit 15WestDrive.com or contact Tony Verducci at 973.477.2220.

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