If you are renting an apartment in NYC for the first time? Remember that finding the right apartment and getting to the point to sign the lease can be quite overwhelming. You spend hours looking at the listing and getting eligible for the apartment you like. Deciding if you are going to save money and do it yourself or use help the professional can be exhausting. But what happens when you do get to the point to sign the official document? Follow our guide and learn everything about signing a lease in NYC. Look at the most important steps you should take and organize before you step into a new NYC apartment as a renter.
Areas of New York cause too many stereotypes to be counted. You have hipster areas, beautiful places, areas where college kids thrive, and, of course, the ghetto. It seems that in New York there is a place for everyone. And although the city is one of the best places to live in the country, partly due to the strong economy and a huge amount of entertainment, in New York, not all are rainbows and sunshine. Some areas are not as good as others. So the question is, which are the risky NYC neighborhoods you should avoid?
The Big Apple is a city of many delights. A true cultural cocktail filled with features to fit any and all. With a population breaching 8 and a half million residents, you can see that many have found or are at least trying their best to find their rightful place in this urban jungle. Let’s assume that you want to be one of those people. An individual who can call him or herself a true New Yorker. It does have a ring to it. However, the best way to start any undertaking is to define a clear goal. In this case, for starters, it would be smart to recognize which area of NYC you would like to live in. Henceforth, we have carefully selected these few elite NYC neighborhoods worthy of your attention. Go through this list meticulously in order to determine what fits you best.
Whilst some people are ready to pack up their bags and move from Louisiana to Nepal, you are of a more delicate nature. Big changes right off the bat are not your cup of tea. Yes, relocation could be a nice feat, if only a tad closer. Perhaps in the radius of the same city. Even better if it’s within a single borough. Moving from Chelsea to Upper East Side might not seem like much of a change, but it does have peculiarities to it. However small, relocation is a relocation, and it should not be underestimated. As a matter of fact, these short distance moves are actually quite common. Thus, we understand, support and salute your efforts of wanting to do this right. Henceforth, we provide the text that lays in front of you, in order to serve as a means of aid. After going through it, you ought to be familiar with what is to expect.
Manhattan has everything a New Yorker needs. It is the city’s economic and cultural center. So, why families move from Manhattan to Brooklyn? The truth is, both boroughs have their pros and cons. Depending on your personal needs and preferences, Brooklyn can prove to be a much better choice and here’s why.
Nowadays, more and more families are deciding to find a home in New York City and settle for good. Cultural opportunities, excellent education and childcare, diversity, job opportunities, and good public transportation, are some of the reasons families from all parts of the country are coming to NYC. This metropolis also offers a lot of great neighborhoods for families. If you are thinking about moving with your family to Upper West Side, one of the top Manhattan neighborhoods for families, here are a few tips to help you prepare.
When it comes to moving with your family it’s kinda hard to find the right place, either to buy or rent. There are a lot of things a neighborhood has to have in order to be a good neighborhood for a family. Sure, there is no replacement for good parenting and whether you will do what you can to bring up your child the best you can make all the difference in the world. Now more than ever. But, that doesn’t mean that the environment in which you will bring up your child doesn’t play a role. With that in mind, we have come up with a quick guide that will help you find the top Manhattan neighborhoods for families. After that, it will be up to you to pick which is the best one.
Ah, New York! There’s really no city quite like it, is there? No place on Earth has quite the same dynamic, vivid lifestyle. Really – who doesn’t want to live here? This is truly the city of opportunity, in every way imaginable. But if you’re going to make it in the Big Apple – you should start wondering where you’re going to live. And this issue takes you to one of the most hotly debated topics – renting vs buying in NYC. How should you form your stance when it comes to your new NYC home? Don’t worry – we’ve got a few tips for you right here!
Why buy a home?
So, if you plan on moving to New York – you should figure out how you’re going to live there. For starters; is renting the best idea? Now, let’s be realistic here – if you’re a broke college student, this dilemma isn’t something that you really need to solve right now. In the beginning, almost everyone rents their New York home. But if you’ve been here a while, or you’ve got
There’s a reason why people are willing to invest a lot of money into owning their homes; especially in New York! After all, think about it – home-ownership is an essential part of the American Dream. Work and study hard, and prosperity is just around the corner; which only truly manifests itself once you’ve got a home to your name. Let’s face it – few people actually view renting an apartment as an end goal in their New York careers. Instead, most try to envision a future where they’ll be paying a mortgage instead of
Buying means a bigger net worth
Okay, sure – on an emotional level, we all know what we think of renting vs buying in NYC. Really, there are no two ways about it – we would all like to purchase a home of our own. But the question is – is this a good idea, financially? If you’ve got the means, should you actually invest money in real estate in New York City?
Well, in a lot of ways – yes. Remember – while even just a down payment for a New York home may set you back quite a lot; you’ll actually be increasing your net worth. If you’re unsure – your net worth is the sum of every kind of financial asset you own, minus all of your current liabilities. So why is this number important? For example, a higher net worth means you’ll be able to borrow more money at lower rates. Plus, instead of paying rent for an apartment you’ll never own – each month you’ll be paying a mortgage on something you truly own.
Renting vs buying in NYC – the other side of the coin
By now you must be wondering – so far, it seems that buying is a much better option than renting; so is the dilemma of renting vs buying in NYC even real? Well, as you’re about to see – it’s painfully real. Because while home-ownership may have its boons; there are really good arguments for renting as well. These are all kinds of things to remember when moving, but also before deciding for any living arrangement – so pay close attention.
Your money is tied up
While investing in real estate may seem like the only logical option if you have the money – you’ll find that not all people do that. Which makes the question of renting vs buying in NYC all the more difficult. For example, you can see many people with top salaries living in great rented apartments instead of buying their own; so why is that?
Well, to put it simply – buying your own home ties up your money in a big way. First of all, a mortgage payment is a lot less flexible than rent; and it’s something constantly hanging over your head. Plus, it’s not just the mortgage – there are all kinds of other secondary costs people don’t always think about. For starters, you’ll have additional maintenance costs the entire time you own that home. And all of the money you invest in your down payment and maintenance could be better invested elsewhere. While real estate is a more secure investment – it’s also less liquid. And the returns you may get on the stock market can be both bigger and quicker – so this is a legitimate dilemma.
You’re forced into a bigger commitment
Sure, owning a home is nice – but it’s also both expensive, and a constant chore. Because if you think of renting vs buying in NYC, and you end up buying; it’ll be awhile before you get a return on that investment. Realistically, you’ll have to live in that home for at least five to six years before you reasonably make your money back. And it’s not just about the money – if you’re someone who’s unsure whether they’ll have to move for work, this may be a bigger commitment than you can manage.
And if you’re thinking about subletting as a way of maximizing profit – that’s not a bad idea. But if you’re living in a co-op, you’ll have a board to answer to. Also, you’ll see that there are more rules about subletting than you can imagine – and they’re pretty strict. So before you buy your own home – think about all of this long and hard!