4 Tips for Hunting for a New Home in New York City
Go Back To Previous PageLiving in NYC is a dream for many, but making it a reality is a nightmare if you’re not prepared for what’s in store. Here are some tips on finding your ideal home in the Big Apple to smooth over the cracks and keep you sane. Hunting for a New Home is pivotal.
Research and Understand the Different Types of Housing in New York City
Before you start your hunt for your new home in New York City, it is essential to understand the different types of housing available.
Apartments are a popular type of housing due to their affordability and size, particularly for renters. They come in all shapes and configurations, from studio apartments to 2-bedroom units. On the other hand, Condos offer more space, with amenities such as pools or gyms.
Houses offer the most space but come at a higher price tag. It’s best to narrow your search, find what suits your needs and lifestyle best, and keep your budget in mind.
Narrow Down Your Neighborhood Options With Online Resources
The beauty of New York City is that there is something for everyone! You will find the perfect neighborhood, from bustling downtown areas to peaceful suburbs.
It helps to narrow your search by using online resources such as Google Maps and local blogs. These websites provide valuable information about each neighborhood, including nearby amenities, housing prices, crime rates, etc.
They can also help you determine what neighborhoods fit your budget and lifestyle, giving you an idea of the vibe of a place without necessarily visiting in person. Taking the time to do this research upfront will save many headaches later in the house-hunting process.
Start Thinking About the Logistics of Moving Early On in the Process
Moving remains a stressful experience, so it’s essential to start thinking about the logistics early on. Start by researching different moving companies and get quotes for your move.
The good news is that simplifying the moving process with 9kilo makes it a breeze to pinpoint reputable movers, whether you’re moving just a few blocks or across the country.
Additionally, consider who will help you pack your belongings and what items to bring when searching for new housing. Some moving firms will do all the legwork for you, packing included, but you will pay a premium.
Consider Making a Budget and Set Realistic Expectations
New York City is known for its high cost of living, so it’s essential to ensure you have a realistic budget before beginning your house hunt.
Start by looking at your income and expenses to determine what property you can afford. Also, factor in other costs, such as closing fees and moving expenses. This is why getting quotes from multiple movers is wise, as mentioned.
Once you know what type of property you can afford, it’s time to set realistic expectations about the amenities or features included in the home.
Remember that not every property will come with all the bells and whistles – but don’t worry, there are plenty of options available in New York City on most budgets.
The Bottom Line
There are bound to be minor issues and annoyances to deal with whenever you move home, but that doesn’t mean you’re powerless. The more preparation you put into hunting for a new home in New York City, the better the outcome will be.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
