Stretching from East 59th Street to 110th Street and the Central Park to the East River, the elite Upper East Side is one of the most fashionable and ...
Stretching from East 59th Street to 110th Street and the Central Park to the East River, the elite Upper East Side is one of the most fashionable and affluent areas of New York City. The place is home to some of the finest boutiques, shops, restaurants, bars and salons, many foreign embassies and six distinctive historic districts. Understandably, Upper East Side apartment rentals have become one of the most sought after real estate units in New York.
Upper East Side Apartment Rentals: Owning a Home versus Renting an Apartment
Considering the high prices of real estate units in this electrifying city, opting for Upper East Side apartment rentals is a better option than purchasing a house, especially for those who have just started off in life. Here are a few benefits of renting an apartment over owing a house:
No Hassles: Staying at a rental apartment will enable you to avoid all types of hassles associated with homeownership, such as escalating housing rates, stringent procedures for securing loans, being trapped in unattractive mortgage packages and foreclosure risks.
Affordable Option: Renting an apartment will cost you much less than buying one. When you purchase a house, you are usually required to pay 20% to 25% of the price as the down payment. However, apartment renters do not have to shell out thousands of dollars in down payments, legal counsel, insurance, land transfer taxes and property taxes. Moreover, you can negotiate the rent amount with the owners of Upper East Side rentals. This can be very helpful for cash-strapped students and professionals.
Reduced Maintenance Costs: The residents of Upper East Side apartment rentals enjoy fewer responsibilities and reduced maintenance expenses. Since you are not the owner of the property, you need not worry about the repairs and maintenance issues. All the maintenance, remodeling and management issues are taken care of by the landlord or the company managing the property.
Flexibility: An obvious advantage of renting an apartment is flexibility of relocation. You can easily move to a new place to suit your changing needs, lifestyle and budget.
Amenities: The occupants of Upper East Side apartment rentals also enjoy several advanced amenities and personalized services, such as private tennis courts, swimming pools, patios, pet-friendly courtyards, high-end recreation centers with pool tables and big screen televisions, high-end electronic appliances, whirlpools and Jacuzzi tubs.
Visit www.stonehengenyc.com to get best deals in Upper East Side apartment rentals. The expert professionals at StonehengeNYC can help you to narrow down your apartment search and find a home that suits your needs the best.
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