Make the Right Moves in Real Estate

Finding an affordable New York apartment to move into can be stressful. The best way to find an affordable unit is to do a search online for fee free apartments. Before you start, check out the various neighborhood statistics.

Zero in on the area that seems best suited to your interests and budget. Usually the further out from Manhattan – the lower the rental rates. But it can also double your commute time if you work in the city. You have to weigh the pros and cons. If you have a job – or a social life – that keeps you in the city late at night – cab fare can quickly add up. In the final tally of your monthly budget, the studio on the upper east side may cost the same for the cosy 1 bedroom in South Park Slope.

No time to hustle for that fee free apartment? Enlist a good real estate broker. If you use a Real Estate Broker always check their reviews and referrals. Make sure you read the fine print. Real estate broker fees can quickly add up. Brokers show the same unit to many other clients, so be ready to sign on the dotted line if you see an apartment you want. If it’s a gem – it will go fast. Make sure you have all your paperwork organized and ready in hand. Application Fee, Proof of Employment, First Month Rent, Security Deposit. NYC real estate brokers generally charge between 8.5% and 17% of the annual rent, so hiring a broker to do your apartment hunt can sometimes cost you several thousand dollars.

However, If you have the time – you can save thousands by doing a bit of detective work online. Social media is a great way to search for an apartment. Many friends may know of recent vacancies in their buildings, sublets and more. With the money you save, you can afford to purchase new furniture for your move in day!

Happy House Hunting!