Maybe it’s the fact that you have to make your bed everyday, but studios seem to carry a certain stigma…and an opportunity. The market is much smaller than for one bedrooms. (Around 7% of the one bedroom market.) Studios don’t have nearly the interest and thus there are some that can be had for a reasonable price.
But Brian we don’t want a studio….. Most can be turned into one bedrooms for under $1000 by adding a wall with a sliding door. Then your studio has a bedroom and you’ve added real equity.
True Story: Some people like the benfits of having the bed in the living room. A friend of mine has frequently dragged his matress out of one of his bedrooms and put it in the living room in front of his 70 inch tv. Why have a couch when you can have a bed?
Prime Real Estate Group
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Brian Murray is a broker salesperson at Prime Real Estate Group in Hoboken. As a broker, I have advanced training and a deeper understanding of the real estate market than a sales associate. I am Hoboken resident who has lived in Hudson County for the past fifteen years. I have been a full time realtor in Hoboken for the past thirteen years.
Brian really helped me with his knowledge in this crazy market. Could not have done it without him.