Your Guide To New York City Real Estate

May 1, 2015

If you are searching for an apartment in New York City, it can be a challenging experience. It seems that most people have to look at many units before finding one that suits their needs. The best way to find NYC apartments for rent is to contact TOWN Real Estate. You can also check the local newspapers as a good source of available apartments. Keep in mind that apartments for rent in New York City do not last long.

Determine which neighborhood you want to live in before you contact TOWN Real Estate services. Make a list of the things you need in an apartment such as number of bedrooms, bathrooms and amenities. Start searching for your apartment at least one month before you plan to move. Understand your credit score and your budget before setting off on your journey. You should not spend more than 30 percent of your income on an apartment.

You can offset the tough income and credit requirements by having a guarantor co-sign your lease. You can also pay more money upfront such as double the required deposit. Most property owners require a certified check for the first month’s rent and the same amount for a security deposit. You will need to get the money quickly from your bank to avoid losing the apartment to someone else.

One way to offset the high cost of living in New York City is to find a roommate. Sharing expenses can make your monthly bills more affordable. It is nearly impossible to find a small studio apartment in Manhattan for less than $1,600 per month. Most recent graduates simply do not make enough money yet at their jobs. Find a roommate in the classified ads section of the local newspaper.

Plan to look for apartments during the workweek since this is the only time most buildings will show units. Know what type of deal-breakers are not acceptable to you. Many apartment buildings require you to climb over three flights of stairs or more. If laundry in the building is important to you, then do not look at apartments without this amenity.

Choose an apartment that is close to your job. Learn the public transportation system if necessary. Most people who live in New York City do not own cars and either walk or take public transportation. New York City is an exciting place to live and work.

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