Planning to move to New York City? Depending on where you move, the timing is impeccable. It is cheaper to get a foothold in the city now than before the pandemic, however, you need to act quickly. There are plenty of New York apartments for rent cheap. If you are pliable about where you will stay, amenities, and the size of the apartment, you will be able to score a better deal.
A-List of Factors that You Need to Consider Before Moving to New York
Here is a list of some essential factors that you need to consider before moving to an apartment in New York City:
- On the Ground Research
Start asking yourself some basic questions: How well are you aware of the city? It is advisable to do on-the-ground research. You can find yourself a short-term lease agreement and do some recon on the neighbourhood. It will facilitate you to know things that you cannot comprehend from the internet. For instance, how safe is the area at night or how long it takes to reach the subway. Do not underestimate the prominence of getting a feel for the precinct. You can also opt for a virtual tour around the area via Google Street View.
- Your Salary
Make a note of this point as most landlords expect that a tenant's annual salary is 30 to 50 times as compared with the monthly rent. If you do not earn the required amount, then you will need a personal guarantor. They should earn 70 to 90 times the monthly rent and ensure to pay the balance of your rent if you default.
- Need an Expert
It is suggested to find an expert who is well-informed and equipped with the neighbourhood. Find yourself a verified landlord who is bendable about pets, amenities, and guarantors. Put your research into the hands of a verified real estate broker who will help you find an apartment that will suit your needs at an affordable price.
- Keep your Chequebook Ready
When you plan to move, ensure that you are equipped with money and a chequebook. You will be required to pay your monthly rent, security deposit and miscellaneous expenses within a few days of finalizing your lease. Make sure that you keep your chequebook ready so that your process does not stop in between.