One of the most elegant and affluent neighborhoods of Manhattan, New York City is the Upper West Side. Known for its elegant condos and huge mansions, the neighborhood is often referred to as the hub of intellect and culture in the city. Many artistic workers reside in this area while many residents are generally working in Lower Manhattan and Midtown. Apartments and condos in the Upper West Side are extremely expensive, and the area is often regarded by realtors as a hotbed for investing in real estate. There are numerous new buildings being constructed in the Upper West Side, offering luxury living at its finest. If you are interested in buying apartments in Upper West Side, here is a guide to help you out.
Look for New Buildings
Buying an apartment in a new building is generally a better idea than buying one in an old building. There are many reasons for this. For instance, you won’t have to worry about piping leakages or creaking stairs. New apartments are meticulously maintained, and because everything is freshly installed, you will be able to get the maximum returns for your money. Buying apartments in Upper West Side is also an investment, so you need to make sure that you invest in new properties. There are plenty of new projects popping up in the Upper West Side, so keep your eyes open for any new projects that meet your budget.
Size
How much space do you need in an apartment? For many people, buying an apartment is easily their biggest investment. You can’t just sell it off and buy a new one quickly. If you are going to live alone, a studio apartment might do fine. However, if you are a long-term planner, you should consider looking at two or three-bed apartments. As your family will grow, you will require more space. Property values of apartments in Upper West Side are likely to increase exponentially in the future, so if you have the funds today, try to make a long-term investment.
Visit the Property First
If you are browsing through pictures of apartments on the Internet, you should know that most pictures are heavily retouched in order to make them look more attractive. Never make a down payment on any property or apartment without actually visiting the apartment and inspecting it on your own. You will see a stark difference between reality and the pictures. Inspect every nook and cranny of the apartment before you make an advance payment. It is important for you to be fully satisfied with the property, mainly because the amounts involved are so big. For more information visit 210 West 77th .
