In fact, location appears to be exerting a powerful influence on homebuyers across the board. Potential candidates for the active adult setting are a prime example. The American dream once was just having a single-family home. Now we're seeing the buyers define the dream in terms of location and special features in the home, more so than with the four walls and a roof. The town is set on the Delaware River in Hunterdon County, and, according to Garfall, it has one of the lowest tax rates in the state.
Taxes vary widely from town to town and from region to region.
Add-on taxes for fire, ambulance and garbage removal or dump facilities are common in some areas of the state. It is an indication of just how much demand there is for quality new housing in prime locations. In many counties in New Jersey, home prices are prohibitive for the first-time homebuyer and demand is high for homes in the lower price ranges. For many of the homebuyers, their purchase at Sutton Place represented their first attainment of the American dream, so buying the home was a milestone for them. It's a very important time, buying the first home.