Buying a home has always been part of the American dream. But given the sky-high costs of real estate in the market, less and fewer buyers are opting for a house. Instead, they’re buying condos which are cheaper and come with fewer maintenance costs and hassles. If you’re of the same mind, then here’s what you need to know before you buy a piece of New York real estate.
Get approved
Fix your financing before you start checking out condos for sale from the Hudson Yards. Having your finances ready is ideal so you can move fast and make an offer if you find the unit that’s right for you, Complex says.
Check out the plans
Dig into the data. Check the floor plans and study the flow of space. How big is it? Where are the windows? What are the architectural details in the property? Be sure to know everything about the property. That’s going to help you pick the best one out of the many condos for sale in New York you’ll check out.
Explore the building
Excellent amenities is a huge draw for many potential buyers. Whether you want a home or an investment property, the facilities in the building can increase your bottom line. If you plan on renting the unit out, you could charge more if the building comes with a spa, gym and other impressive amenities.
Consider the location
One of the best things about luxury apartments is the fact that many of them are centrally located. That means you can count on easy access to whatever you need. If you’re going to use the unit as a home, then you’ll want to make sure it’s near enough to where you work. The last thing you want is to subject yourself to brutal traffic every day.
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