When most people think about real estate for sale, they usually think of a single-family home. While it’s true that this is the most prominent of options for most areas, in Manhattan, condo and apartment living is the norm. You’d be hard-pressed to find a single-family home in this area because there isn’t enough room.
Younger Generations
More and more young people are becoming educated and working in high-paying jobs. They move to NYC because that’s where the jobs are and that’s where they want to be. They want to prove to themselves and others that they’re moving up in the world and want to find real estate for sale so they can live comfortably.
A condo can be a stepping stone to a traditional house later on, especially if they plan to move to another location. However, many younger people prefer to live in condos that they’ve purchased. It makes sense to have little maintenance and be able to use all the amenities provided by the building.
However, it’s best that you plan to live in the condominium for at least 10 years.
Older Generation
The older generation, such as senior citizens and retirees may also find that Manhattan real estate for sale is an excellent way to spend their reclining years. NYC has a lot of fun things to do, is full of culture and will never get boring.
You won’t have to pay for repairs or hire the kid next door to mow your lawn. You’ll still get to pick and choose what goes into your home and will have all the fabulous amenities to enjoy, as well.
Everyone In Between
Families, businesspeople and everyone else can also benefit from condo living. You can have a lavish lifestyle without the extra costs and hassles.
