Row House - First Home Buyer

[Pietro Di Tillio]

Hi everybody,

I'm new to Bigger Pockets!

I was thinking on buying a Row House in Metuchen, NJ (a wealthy residential borough, well connected with a direct train to New York City - 45 min); the house is located at about 15 min walking distance to the train station, also in the town center, where the train station is, a huge building complex with luxury apartments was just built as well as a Whole Foods store which is going to open soon.

The questions are:

1- Which are the Pro and Cons of buying a Row House?

2- Are the new building/Whole Foods going to increase the value of the area/House over time?

3- I'm I first time buyer, would you recommend to get a FHA Mortgage if I qualify?

4- How easy would be to rent/sell a row house?

Consider also that the house was just flipped and it looks pretty much brand new (also the roof was redone), so there won't be much work, if not at all, to do it in the next few years.

The row house has 3 floors (First, Second and a full basement) + front lawn and a small backyard.

Price would be around 200K.

Let me know what you think and what you would do and if you need any other information.

Any recommendations/advice or thoughts are much appreciated. 

Thanks 

Pietro