Purchasing a luxurious apartment in NYC is always a great idea. Since New York has always been and always will be a hot destination, there is no way that investing in this city can be a non-lucrative decision. Later on, you can choose to live in your property or you can choose to rent it for a hefty price. However, first thing is first. You must find the perfect spot for your future apartment. There are plenty of great neighborhoods to choose from in the Big Apple. Still, not many can measure up to Soho. So, here are a few important and useful tips to keep in mind when on the lookout for your Soho luxury apartments.
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Why should you invest in Soho luxury apartments?
Property prices have never been low in Soho and they probably never will be. Which motivates the following question. What is so great about Soho anyway? Well for starters, it is located on the island of Manhattan. Which is possibly the best-known neighborhood/borough in the world. The vibe and the energy that this place exudes is electric.
From a cultural standpoint, there are many art galleries that you can frequent on the weekends. Live music in restaurants and bars with excellent food can be found on every corner. And of course, there is amazing shopping everywhere. It is safe to say that Soho has it all. Everything that a modern neighborhood should have. Even excellent parks in the middle of the Big Apple. So, be prepared that all real estate trends in 2021 will point you in the direction of this NYC hot spot.
Real estate prices in Soho, NY
We already mentioned that properties in Soho are very expensive. Therefore, be prepared for your bank account to be slammed. Especially, when targeting a luxurious property. To give you a better idea here are some specific numbers. Current median property prices are well above 1.2 million dollars. Renting prices are also through the roof. Since you are planning to buy a piece of property that is high-end, be prepared to pay even more than the mentioned amount.
Tips for buying a Soho luxury apartment
Since NYC is a unique real estate market, buying a property in it is not so simple. There are plenty of things to look out for. That is why our tips for buying your NYC apartment will be of great help to you during this difficult process.
Look for lots of space
NYC apartments tend to run on the smaller side. That is a well-known fact, but this doesn’t apply to Soho luxury apartments. Thus, if it isn’t specious it is not lavish. Everything from the living room to the closet should be large with plenty of space for all your belongings. For instance, the design of the kitchen should be unique, extravagant, and with an enormous amount of room.
Your interests should be focused on the apartment, but don’t forget to extend them to the apartment building as well. Do you want extra security in your apartment or building? So, would you like to have security cameras in the building? How about a gym or a pool? Is there a doorman? These are details that you should keep in mind and therefore know the answer to all these questions. When purchasing an expensive property in Soho many more will come your way. Be prepared for them.
Hire a local real estate agent
Even though properties in Soho are high-priced, they do get snatched off the market very quickly. Also, finding just the right property might be difficult. For all those reasons and many more, it might be wise to hire some help. A local real estate agent will know exactly which properties to target to meet your expectations. In addition to helping you locate the right apartment, he or she can help you during your negotiation process. So, don’t do it on your own. Appoint a well-experienced agent that is reliable and trustworthy.
A location that attracts plenty of internationals
One of the main reasons why Soho real estate is in the demand is the appeal that this neighborhood has to international buyers and newcomers to NYC. People overseas want to experience living in the Empire State of mind, but they specifically want to put down roots in Soho. If you are one of them, relocate to your new home trouble-free and start enjoying all the amazing amenities the city has to offer.
Relocating internationally, especially to NYC, is never simple. That is why it is important to have valuable help in your corner during the moving process. Look into professional moving assistance with international experience.
The locals are not far behind
Internationa newcomers might be targeting Soho, but locals are right behind them. Since nobody is immune to Soho’s charm, the completion is always in full swing. Moving locally might be a tad bit easier than moving internationally. Yet, this doesn’t mean that you do not need help during your move. You are best off finding an experienced crew to help you out. While they get you in your new crib, all you need to worry about is enjoying and decorating your new high-end apartment.
Buying Soho luxury apartments is never a bad idea. As an investment, it can certainly pay off, since the renting prices are quite high. At the same time, it is a great place to call your home. Don’t waste any time and hit the ground running. Finding your perfect Soho apartment might take some time. Happy hunting!