For many purchasing one of the Upper East Side Condos means that they have finally arrived. Others, however, take a little more convincing to move from a rented apartment to a luxury condo. There are many benefits to living on the Upper East Side of course, but what are the real reasons that you should invest in a condo, instead of just renting. With that in mind, read on below for a few of the top reasons you should give up that rented apartment and move into a luxury condo today.
It’s an Investment
Upper East Side Condos are said to appreciate faster than single-family homes and you are certainly not getting any type of investment out of renting an apartment. Choosing to purchase a luxury condo is an investment in your future. Whether you choose to live there for a lifetime or eventually put it on the market to resell, you are going to get more out of it than you did living in a rental for sure.
Tax Advantages
It’s important to realize that owning a condo gives you two distinct advantages over renting. One, you can build equity and two it will give you much needed tax breaks as well. Besides, if your monthly payment on your luxury condo would be about the same as the rent you’re paying on your apartment, which seems like the better option to you?
A Sense of Community
While living in an apartment can give you a sense of community, those people tend to rent for a while and then move on. Living in an Upper East Side condo that you own makes for better friendships and a sense of community with the people that you live by and see every single day.
These are just a few of the reasons you should look into Upper East Side condos for sale. Contact Vitre for help.
