May 6, 2019
BLOG: Algin’s Guide to Renting in NYC__ Read article
BLOG: Algin’s Guide to Renting in NYC
Searching for a no-fee apartment in NYC can be an arduous task. It’s a highly competitive market; big decisions often must be made in minutes or your ideal apartment could slip away. But worry not, ambitious New Yorkers, we’re here to tell you that you can rise above the chaos and find your dream home — it is possible. Here’s how to do it.
Start Your Search Early (But Not Too Early)
This is always tricky in New York. You certainly don’t want to start too late, because the pressure of hurrying the process could cause you to make a rash decision — landing you in a less-than-ideal situation. Most NYC apartments are listed 30 days in advance, and some are 60, but it’s rare to find time frames longer than that. So, you can start two months before your moving date, but make sure to only search for apartments that are available for rent two months out. The last thing you want is to find a wonderful place and then discover that it’s up for rent in a month. Paying rent twice is far from ideal. We’d recommend starting anywhere from 30 to 50 days out. That way, you can get a good feel for the market and are more likely find something you really want.
Go in With a Plan
This is a must. Whether moving on your own, or with a partner or friend, make sure you know what you want in a residence. Sit down and make a wish list, and then decide which things on your list you can live without — and which things you can’t. When you search, aim high, but don’t be unwilling to compromise. If you’re looking for a two-bedroom with a roof deck, an eat-in kitchen, a parking space, natural light, and an in-unit washer/dryer, and you find a place that has everything but the roof deck, it might be time to pounce. Go in knowing which aspects of your future home are negotiable and which are carved in stone — it will make the whole experience far less stressful.
Understand Your Credit Score
Many listings will post a credit score or range that is needed to rent a residence. It’s important to know where you stand in this particular area to avoid surprises. Sites like Credit Karma offer free credit checks, and since they’re soft inquiries, checking the score will not impact your credit. If you find your credit score is too low for many apartments you desire, you may be able to have a guarantor co-sign for you. Not all buildings allow guarantors, but many do.
Be Ready to Act
Speaking of pouncing, being ready to act when your ideal place pops up is vitally important. You may only have a window of 30 minutes to lock down an apartment before it’s gone. Go in ready to rent, primed to get the ball rolling, or you might be left in the dust.
One way you can easily find a new NYC no-fee apartment is by exploring our availabilities today to jump on your new home in classic New York.