Why Far Hills, NJ is a Desirable Place to Buy a Home
Far Hills, New Jersey, is a hidden gem in Somerset County, offering rural charm, spacious properties, and an excellent quality of life. Known for its rolling hills, equestrian properties, and easy access to major highways, Far Hills is a great option for homebuyers looking for peace, privacy, and long-term investment value.
Whether you’re a first-time homebuyer or upgrading to a larger property, it’s essential to know what to look for before making a purchase.
1. Location & Neighborhoods
One of the biggest factors when buying a home in Far Hills is choosing the right location. Unlike more densely populated areas, Far Hills offers spacious lots, private estates, and a mix of historic and modern homes.
Best Neighborhoods in Far Hills for Homebuyers:
🏡 Downtown Far Hills: Walkable, near the NJ Transit train station, and offers historic homes.
🌳 Ravine Lake Area: Beautiful waterfront properties and peaceful surroundings.
🐎 Equestrian Estates: Far Hills is home to sprawling horse farms and luxury estates.
When choosing a location, consider proximity to schools, highways, and public transportation. The Far Hills train station provides easy access to NYC, making it ideal for commuters.
2. Home Inspection: What to Watch For
Since many homes in Far Hills are historic or custom-built, a thorough home inspection is a must. Here’s what to pay special attention to:
🔎 Foundation & Structural Integrity – Older homes may have foundation issues that require repairs.
🏠 Roof Condition – Roof replacements can be costly, so check the age and condition.
💧 Well Water & Septic System – Many homes in Far Hills rely on private well water and septic tanks, which require inspection.
🌡️ Heating & Cooling Systems – Check for efficient heating, oil tank issues, and HVAC functionality.
Hiring a local inspector familiar with Far Hills properties can save you from unexpected expenses later.
3. Property Value & Investment Potential
Far Hills is known for stable property values and high-end real estate, making it a great investment over time. Before purchasing, consider:
📈 Historic Market Trends: Far Hills has a history of steady appreciation, especially for well-maintained properties.
💰 Resale Value: Homes with updated kitchens, modern amenities, and proximity to transit tend to hold their value better.
🌲 Lot Size & Privacy: Large properties are in high demand, but buyers should consider maintenance costs.
With limited commercial development, Far Hills maintains its rural charm and exclusivity, making it a unique and valuable place to buy.
4. Best Home Styles for Buyers in Far Hills
Far Hills offers diverse home styles catering to different tastes and budgets. Popular options include:
🏡 Historic Colonials – Full of charm and character, but may require updates.
🏠 Custom-Built Estates – Luxury homes with high-end finishes and large properties.
🏘️ Modern Farmhouses – A blend of traditional and contemporary design.
🏇 Equestrian Properties – Ideal for horse lovers, featuring barns and riding trails.
Before purchasing, think about future maintenance costs, energy efficiency, and renovation needs.
5. Financing & Property Taxes
🔹 Understand Local Property Taxes: Far Hills offers some of the lowest property taxes in Somerset County, making it more affordable in the long run.
🔹 Loan Options: Depending on your budget, consider jumbo loans for luxury properties or FHA/VA loans for first-time buyers.
🔹 HOA Fees: While most properties in Far Hills don’t have HOAs, some gated communities or condos may have fees.
Working with a local lender who understands the Far Hills market can help you secure the best financing options.
Final Tips for Buying a Home in Far Hills, NJ
✔ Work with a Local Realtor: A real estate expert like Fahey Realtors can help navigate the Far Hills market.
✔ Consider Future Growth: Look into any zoning changes or development plans that could affect your home’s value.
✔ Think About Lifestyle Needs: If you love outdoor activities, equestrian sports, or privacy, Far Hills is a perfect fit.
✔ Negotiate Smartly: With higher-end homes, negotiations may include home warranties, repairs, or closing cost assistance.
Find Your Dream Home in Far Hills with Fahey Realtors
Looking to buy a home in Far Hills, NJ? Let Fahey Realtors help you find the perfect property.
Final Thoughts
Buying a home in Far Hills, NJ, is a fantastic investment for those seeking privacy, space, and a strong community feel. Whether you’re drawn to a historic home, a modern estate, or an equestrian property, Far Hills offers something for every buyer. Let’s find your perfect home today!
