One of the most important decisions you can make is whether to buy or rent an apartment. There are times when it makes more sense to rent. When that’s the case, a licensed real estate broker can help sort through the lifestyle and financial considerations involved and help you make the right choice for your needs. An experienced Wald Real Estate agent knows the market and understands the rental process. We can negotiate on your behalf and guide you through the complexity and range of considerations you’ll face in today’s rental marketplace. Some factors you may want to consider in your decision to rent versus buy are financial consideration, job relocation, future needs, home maintenance, and repairs. If you don’t have time for ongoing maintenance and repairs, renting is a better option, as the landlord or management company is responsible for the property.
TYPES OF RENTAL BUILDINGS IN NEW YORK CITY
In New York City there are three types of buildings in which you can rent an apartment: rental buildings, cooperatives (co-ops) and condominiums. Each of these types of properties has its own rules and regulations. It is important to understand the distinction between them, as this will influence the timing and parameters of your search for a home.