Moving in the winter is a nightmare due to the freezing temperatures and cloudy days that persist for many weeks. In spite of that, there are in fact a number of compelling reasons to consider moving to New York City for the winter.
The following are a few awesome reasons why moving to NYC in winter is probably the best time:
New York’s real estate market is known for its regularity. It is usually the late spring season, lasting from April to September when business sector requests are at their highest.
Grads hoping to lease in May, professionals with temporary summer jobs in June and July, and undergrads returning in August and September are among the groups renting. NYC movers offer easy move-in services to all struggling students & entrepreneurs.
Lower Rent Prices
Do Winter Moves Offer a Savings? The answer is generally yes. In order to attract renters, landlords and management companies reduce their prices when apartments remain on the market for longer periods of time.
The median rent for a one-bedroom apartment in NYC reached $2,900 in April for the start of the summer season, and $3,500 for a two-bedroom apartment in April. In November, the median price for a one-bedroom fell to $2,750, while that of a two-bedroom dropped to $3,190.
Comparing each season’s prices, we notice that the monthly rent for one-bedroom decreased by 5.2% and the monthly rent for two bedrooms decreased by a whopping 8.86%. You can save hundreds or even thousands of dollars annually by moving in the winter rather than during other times of the year.
Rent prices are lower during the winter, so landlords and management companies offer additional incentives to lure renters into their properties.
Most owners offer rent-free months for signing a lease, will waive or reduce application fees, give out gift cards, or waive or reduce fees for applying. Incentives don’t have set rules, so you should keep your eyes peeled for them while apartment hunting.
The best time to move to NYC depends on your needs, schedule, and budget. The rent price begins to rise in May and peaks in July. The rent price decreases again in October, peaking in February. Additionally, don’t forget to take into account the weather, availability, and a few other factors.
You will also find fewer fees to be paid to the brokers if you plan to move in winter. There will be less commission & no hidden charges as well, making your move much more affordable.
Making moves in the winter will be much easier. Trying to find a moving organization or reserving a lift at your new building will be easier with fewer people around. Additionally, it won’t take you long to make your home feel like home once you’ve moved in.
A move in the winter certainly has its advantages with such a large number of advantages. Look at some apartments for rent in the best deal if you’re moving to New York just because, or if you’re simply moving to another city.