If you’re like many people, you want to live in the Big Apple, but don’t want to rent. While it can be exciting to have a rent-controlled apartment, you know they are tough to find and hold onto for years. You may also dislike throwing money away, which is why you may be looking to own something. However, homes are tough to find because there just isn’t enough space in such a large city. Condos for sale in NYC give you the benefit of condo-style living while owning the unit.
Preapproval
The goal here is to know how much of a place you can afford and get pre-approved for a loan. Some lenders will not give money to others for a condominium or apartment, so it’s best that you search and find companies that are willing to work with you first. Then, you’ll get a better idea of what they’re willing to loan you, so you can determine where to start looking and price points.
You’ll get an agreement in writing from the lender, which you can take to the owner of the building to show that you are serious.
Areas
NYC is full of condos for sale and features, so it’s best that you consider the areas carefully depending on what you need now and what you may require in the future. For example, you may be a single person right now and think a one-bedroom would be sufficient, but what happens when you fall in love or have a child? You may want to buy a larger condo for future use and needs, which will mean that you don’t have to sell your current one to get something bigger later.
Features
Condos for sale in NYC have a multitude of features and amenities, so it’s important that you consider those that are most important to you.
