Renters insurance is one of those things that you know is a good idea–and like so many New York City renters, you’ve been meaning to do it, but you may not have gotten around to it–until you wish you had. And though we hope we’ll never need it, it’s one of the few things in city life that’s simple, inexpensive, and worth every penny. Below, we explain why it’s an important investment to make, how to navigate the process of getting a qu0te and getting covered, and which provider might be best for you.
affordable housing, apartment living 101, Features, More Top Stories, NYC Guides, Policy, renting 101
Photo via Wiki Commons
Affordable housing is one of the hottest topics in the real estate market these days. It all started with Mayor de Blasio’s plan to preserve or build 300,000 affordable units by 2026, which has resulted in a slew of new lotteries, a recent update to the lottery policy to ease the process for immigrants and low-income New Yorkers, and a record number of affordable homes for seniors and homeless New Yorkers. But the topic is not without its issues, with many still wondering if the city is doing enough for affordability and if some of these units are really affordable. Whatever your opinion, there’s no doubt that affordable housing in NYC can get quite confusing. Ahead, 6sqft breaks down the different types of programs, how you can qualify and apply, and what happens if and when you get in.
Photo via Flickr cc
If you’ve ever applied for affordable housing in New York City, you’ll know that it is all about the area median income, or the AMI. If you make too little or too much, you won’t qualify at all for affordable housing. Even if you do qualify, however, your AMI will impact your likelihood of actually acquiring a unit since most buildings have more units available in some AMI bands than others. For most New Yorkers, this is one of the most confusing aspects of affordable housing, so we’ve broken it down, from how AMI is calculated and what the current NYC parameters are to the many controversies surrounding the guidelines.
Photo © Daxiao Productions – Fotolio
6sqft’s ongoing series Apartment Living 101 is aimed at helping New Yorkers navigate the challenges of creating a happy home in the big city. This week, we’ve put together the top five reasons it makes sense to move in the winter.
Until the end of WWII, moving day in New York City was May 1. Today, many people continue to move on this date and in the four months following, but if you’re a renter looking for great value, more options, and lower stress, the very best move dates fall in the winter months. In this article, we outline why a winter move makes sense and how to prepare for one.
Image: Wikimedia Commons
As long as Fido’s not a ferret, of course. You may not know this, but you could be able to keep a pet in a “no pets” apartment–legally. New York City’s Pet Law, established in 1983, may actually override your landlord’s kibosh on your kitty or pup, as long as certain criteria are met. Your pet can’t be one of the many, many critters on the city’s “banned” list, which includes the aforementioned ferrets, pot-bellied pigs, most snakes, hedgehogs, and squirrels.
Image via Flickr CC
If you’ve ever applied for affordable housing in New York City, you already know that the process can feel more like an IRS audit than a typical housing application. While owners and management companies are empowered to ask for a lot of paperwork, to qualify for an affordable housing unit, you’ll need to do more than provide recent pay stubs, tax returns, and bank statements. You’ll need to share several years of financial, housing, and employment information, and if the developer doesn’t think you’ve provided enough evidence to quality, they can always ask for more evidence as the selection process unfolds. Fortunately, as of July 1st, the process of applying for affordable housing and the baseline credit criteria needed to qualify just got a bit easier for applicants.
Photo via Pixabay
Currently sleeping on a mattress with no box spring? Worse yet, a blow-up mattress? Is your night table a repurposed milk crate and are your bookshelves fashioned out of salvaged bricks and found lumber? Although all these features can be surprisingly charming when paired with the right accessories, there comes a time in one’s life when one wants or needs a bit more. But even if you opt to go full-on Ikea, the cost of furnishing a small one-bedroom from the ground up will likely cost well over $3,000 and that is only if you opt for a discount Bråthult over Vallentuna sofa.
For anyone faced with the challenge of furnishing an entire apartment—either for the first time or because you’re only in NYC for a limited amount of time—there is now a solution: “fast interiors.” Rather than buy, you can now rent your furniture for three months or for several years. While the rise of furniture rentals may sound unusual, in fact, it is an obvious extension of the sharing economy that has been growing, especially in highly populated urban areas, for the past decade. An underlying tenant of the sharing economy is that renting often makes more sense the owning. But does it? Ahead, we explore how and where to rent furniture and the relative short- and long-term benefits of renting over buying.
Photo via CityRealty
Foreign nationals from around the world are recruited to work in New York City, but when they arrive, they often realize that not everyone is eager to welcome them with open arms nor open doors. Indeed, while many employers from banks and tech companies to museums and universities are eager to recruit top global talent, most of the city’s rental management companies would prefer to rent to a pack of college students than a fully employed foreign national with a six-figure income.
So, what is an adult with a great credit history, full-time job, and in many cases, a family to do when they arrive in New York City? While foreign nationals likely can’t change the perception that renting to foreigners is a bad idea, there are a few ways to troubleshoot the housing market in New York City whether you were born in Toronto, Paris, or Tokyo.
Photo via Pixabay
January is a busy month for renters across the U.S., described by one broker as the “oasis month” in an otherwise dead stretch between October and the spring. People make big life-changing decisions at the New Year, which often means moving – plus there’s the backlog of renters who put off sorting their living situation over the holiday season who are all entering the market at once in the first week of January.
New York’s rental market is estimated to be worth over $700 million in rent and over $44 million in deposits in January alone. With so much money changing hands, it means renters are an attractive target for scammers and fraudsters. Thankfully, rental fraud is rare, but a little knowledge goes a long way. So if you’re entering the rental market after the holidays, here are three things you can do to keep yourself (and your money) safe.
Whether you’ve just been offered a dream job in Austin or decided to ditch New York City for a farmhouse in New Paltz, if you have a lease, you have problem. Leases are generally a good thing: They give tenants the right to stay in an apartment on a year to year or even bi-annual basis. If you need to vacate early, however, a lease can quickly start to feel like vice grip on your future. Fortunately, tenants, at least those living in rental buildings, do have some legal ways to opt out early. This guide outlines the ins and outs of lease breaking, how to find a qualified tenant, and what to do if you are currently renting in a condominium or co-op where lease breaking is a far more complex process.