New York City Condos Are a Great Living Choice for Groups of Friends!

Feb 10, 2016 by

Ever since university, many people have become used to the concept of having to live with somebody else. Whether this was your best friend since kindergarten or a stranger that you have never seen before in your life, cohabitation was an invaluable experience that taught you a lot about living in harmony with other people and making new friends in the process. However, even after graduation, this living arrangement is still very popular amongst young professionals who are looking to jump-start their career, yet are concerned about losing the majority of their hard earned money to house payments and bills.

Why Should My Friends and I Choose New York City Condos?

New York City is an ideal place for many people to get their feet wet in an industry that they would like to establish their career in. However, NYC is unfortunately well known for its over-the-top prices for condos and apartments, even if the quality does not necessarily reflect the price. The high price largely comes from the location and the high demand for a home that is close to Manhattan. Instead of shouldering the burden all by yourself, it can help to team up with some good friends and have everyone live in the same place. This allows an equal split of house payments that everybody can reasonably afford without living paycheck to paycheck and provides social support and comfort during difficult times. Starting a new career is a challenging thing for anybody to do, and so it is good to have trusted company nearby that you can depend on. Adding onto that, these condos are usually close in proximity to your workplace, meaning that you can save money and time on transportation costs.

How Can We Purchase a Condo for Ourselves?

Whether your group is interested in renting a condo for a temporary period of time or establishing a more permanent living situation, the best option is always going to come down to scheduling an appointment with the condo’s building manager, asking for a custom tour of their representative options, and getting a quote for the next year or two. Most managers will usually be able to provide a deal for housing multiple people within a condo, as this type of living situation is becoming increasingly commonly in New York City condos.

To conclude this article, it is highly recommended that you choose a suitable group of friends that you trust as your roommates for the next year or two before going ahead with the decision to co-purchase a condo. Although location and quality are important in making this type of decision, it is equally important to choose whom you are living with. No amount of luxury can possibly make up for people who are a negative influence on your life, career, and overall well-being.

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