The Upper East Side is one of the most sought-after neighborhoods in New York. The place is best known for its lavish residential areas and iconic real estate. The sky-touching buildings and mesmerizing landscape may inspire you to buy an Upper East Side townhouse. If that’s the case, you may want to consider a few things before buying one.
Hire a Real Estate Company
Hiring a real estate company may cost you a few bucks, but that ensures peace of mind and a hassle-free buying experience. Just as with The Bellemont, a real estate company will guide you about the market rates, show you the best residential areas, and even negotiate on your behalf. Tell them about your budget, and they will show you the best options accordingly.
Ask About the HOA Fees
Before buying an Upper East Side townhouse, make sure to ask your real estate company about the homeowner’s association fees and what they cover. Consider reading the CC&Rs (covenants, conditions, and restrictions) to avoid any unpleasant experience later.
Compare Mortgage Rates
A mortgage is a viable option to purchase your townhouse. To get the best mortgage rate, compare the rates of at least five lenders. You may ask your real estate company to gain an insight into the terms and conditions of mortgages.
Get a Townhouse Inspection
Schedule an inspection for your townhouse. If you find anything problematic, consult with your real estate company and make sure to take care of it before moving. It will also ensure that you don’t end up overpaying for your townhouse.