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Saturday, February 13, 2021

Five Things To Consider When Looking For An Apartment or House For Rent in New York City

What is your dream place to live? I would like to share with you guys that I dreamed of living or experience the life in New York City. 



New York City in New York is the largest city in the United States. As of 2019, its population was estimated as 8,336, 817. New York, nicknamed the "Big Apple" and the "City That Never Sleeps" is a reknown center of business and finance, entertainment, media and culture, home to many famous buildings, as well as containing the headquarters of the United Nations.

Apparently, there's a lot of opportunity to grab and grow. To live there you must consider a lot of things like: rent, location, size, consider a month-to-month rental, get rid of 75% of your belongings and it's really expensive but you can still enjoy the beaches. You don't need to own a car because people walks very fast. 

Here are the five things to consider when looking for an apartment:
1. Determine how much you are willing to pay for the rent. You will consider how much you earn. Some landlord or agents will asked for proof of income if you can pay for the monthly. Start saving now, it's for the better. 
2. Get help with online apartment search sites. There are so many sites to look for renting places. You may start at Zumper, it's one of the many reliable sites to browse beautiful and affordable places to live in.
3. Look at an apartment after office hours and during weekends. This will give you the feel of how noisy or how comfortable the neighbourhood is.
4. Check the grounds and the location, even the trash bins, where are they placed? How clean and tidy is the place. If you can't stand the smell and sight in the first few seconds, don't even bother thinking about renting the place, even if the budget is right.

5. Check the local utilities about the average payments and costs made by the other apartments. This would give you an idea on the condition of the gas input and the electric consumption. Check also the insurance of the property and how often the rent increases and what percentage so that you know all the details before moving in.

We will also talk about the rent market research in New York City. If you don't have enough money to buy your own house, renting an apartment is the best option. 

  • According to Zumper, the average rent for a 1-bedroom apartment apartment in New York, NY is currently $2,420. This is a 19% decrease compared to the previous year and the average rent for a 2-bedroom apartment decreased by -7% to $2,500.
  • Over the past month, the average rent for a studio apartment in New York increased by 5% to $2,100.

The occupied housing units were 68% for Renter-occupied Households and 32% for owner-occupied households.

There are 6,674 available for 1 bedroom apartment for rent, 3,589 available for 2 bedrooms, 2,074 for 3 bedrooms and 730 for 4 bedrooms apartment for rent.

The most affordable neighborhoods in New York are Hollis where the average rent can go for $2,200/month, Fordam Heights for $2,300/month and Cypress Hills for $2,395/month.

So, what's Zumper?

Zumper is used by millions of renters to find houses, rooms, condos, or apartments for rent.

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