Garden City, New York, is one of the most coveted residential and commercial communities in the country, and that is for good reason. The real estate pricing in this community is historically high, thanks to the reliable transport system, the public school district, and the general peacefulness. At the same time, houses in this part of the country are generally built in the time of great beauty, and those that would want to invest in lavish old houses often want to stay here.
While Garden City NY homes for sale are always eyed with interest by a lot of future homeowners, these properties can be too expensive as many of them are priced at no less than $800,000. If you are looking forward to buy a property in Garden City, here are certain considerations that you have to keep in mind.
Garden City Cost of Living
Here is what you can expect when you decide to purchase Garden City NY homes for sale; you can count on your expenses going up. Garden City is known for the high costs of living, and before you buy an expensive property, you have to determine if living in this community is healthy for your bank account.
However, if you feel you can afford the daily expenditures that come with living in Garden City, you will find that the high cost of living truly comes with convenience. Most of the local amenities are within a 1-mile radius regardless of where your potential home may be, and this area offers convenient access to its bus and rail transport system which may be attractive for those who are looking to live in Garden City while working in neighboring New York City.
Cost of Housing
As mentioned, buyers may expect a house to be priced at $800,000 or higher, thanks to the average age of the properties in the area. It is possible to find starter homes within a much lower price range in Garden City, but it may be difficult despite the recent housing developments. If you cannot afford Victorian and antique properties, you may want to settle for houses that were built within the last 3 decades. These Garden City NY homes for sale are normally priced at anywhere from $150,000 to $300,000. Just make sure to act fast. These properties are selling like hotcakes and they are normally taken off the sale fast by homeowners that are looking to downgrade.
Reasons for Living There
Unlike in other expensive cities like New York or Los Angeles, people look forward to living to Garden City because of its strong family-friendly community. For those who are single, you may find the town daunting, as it is populated mostly by middle-aged or retirement-aged couples with one or two children each. However, if you are looking forward to raise a family and you want a town full of white-collar neighbors, Garden City will be a viable option.
You can expect your neighbors to be business managers, administration experts, corporate mathematicians, or heads of IT departments, and that can be a welcoming experience if you are a college graduate with a background similar to any of those jobs. Kids here also tend to develop strong social ties and have great academic backgrounds. The community also fosters a great social attitude. If you wish to be in a great neighborhood with people who have experiences similar to yours, look no further than Garden City.