TO Buy or Not to Buy? That is the Question!
Many people move to New York with the expectation that they will find a place to lease for a couple of years before biting the bullet and buying a place. However, this could be a bad move if you plan on staying in the city for many years to come. A lease can be broken at any time, and you are not responsible for any serious damage you did not cause. However, you are washing away precious savings each month to pay for a lace you will never be in permanently. This is why buying might be the better option.
For example, buying a home is an investment that is worth making if you want to see a return on your money. If you ever decide to sell, then you can get a nice chunk back because real estate prices in New York are always high and always climbing. Why not put money into something that might actually make you a profit one day? Buying an apartment can also be a rental property if you ever decide to move to a bigger place. You can use the income from that property to live off of in the new place. It is a win-win situation if you figure out long term expenses.
A New Lease on Life
As you can see, buying a place is by far the better option when it comes to your big move to New York. It will save you money in the long run even if it ends up costing you money up front. Just think about the nice profit you will make once you decide to sell! If you need help figuring out where to start looking for properties, then hire a professional real estate group.
TOWN Real Estate is a prime realtor to use if you need a new rental or investment property. Town’s hard working staff knows the ins and out of the NYC luxury real estate world, and they are the perfect choice for anyone moving to the city for the first time.