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It depends on the rental market in that area. If you were where I live, I'd tell you to jump on it.
How many other places have you seen so far?
I voted for go for it, before I realized you were in nyc. Honestly, it sounds like its too good to be true. There has to be a reason that this apt, which is a much bigger size and in generally the same area as your current apt, is around the same price as your smaller, darker apt. I know how much it sucks to look for apts in nyc, but I suggest you to step back, keep looking, and maybe try to talk to someone who lives in the building (if thats possible).
@jayce: this is the first place we've seen this time around which makes me feel like we're jumping the gun...BUT i forgot to mention, my brother used to live in this same building(!(, so i know the bldg and neighborhood. and i know the area and housing stock nearby pretty well from seeing classmates' places near campus (i was at the same school for undergrad and now grad). last year we saw about 10 apts before signing our current lease.
Since it's NYC I would say jump on it. I had to sign my lease on the spot 6 years ago in order to secure my apartment. I was literally the first person to see it too.
We are in the process of purchasing an apartment right now and we approached it sort of the same way. We had been looking for a while and when we saw one we loved (which we knew immediatley after spending so much time figuring out what we DIDNT love) we jumped on it and made an offer the next day. Turns out there were 3 other offers on it already and it had JUST come on the market!
I know the feeling though, it's hard to be SURE because there are always other places out there. But I say if you know what you need and this place has it all then you shouldn't hesitate.
@Krises: the price difference i think mostly has to do with the neighborhood--where we are now is closer more restaurants and fancier apartments where professors live, whereas in the new place it's mostly student housing. and as for talking to someone in the building, i forgot to mention before the funniest part--my brother used to live in the building! and i actually lived there 1 summer!
ETA: i should also say, the rent is only $20 more because the new place gives a month of free rent with a 2 year lease. without that discount, the apt is $125 more/month
I would ask this: What is the catch?
Why is it so much more awesome but not much more expensive?
Are the neighbors really loud? Are the supers attentive and prompt on things that need fixing? Can you head every last footstep in every apartment around it? Is the landlord a nightmare?
There's almost always a catch (unless the catch is that your current landlord is ripping you off or the area you currently live in is that much better...)
Its a landlords market. You can sleep on it, but be prepared to lose it. If you can confirm there are not other applicants spend tomorrow looking at some places and then decide.
Oh, I just saw that you said the building is students. Students usually = lots of noise.
Is a building full of noisy students really the place to have a baby?
@finnaroo: Is there any other reason besides your parents that you're feeling hesitant? Did you see anything in the apartment that would indicate possible maintenance issues? Did the landlord give you a weird vibe? If not, then JUMP ON IT!
Leases can always be broken. If it turns out to be a disaster (which doesn't sound likely), it's not like you're stuck with it.
@moderndaisy: Same here, both times I've found a new apartment I signed on the spot. I made the mistake of postponing a viewing once, and the couple who was second in line snatched it up.
@crayfish: we aren't actually planning on having kids for about 2 years, so it'd really just be that we wouldn't need to move if we got pregnant. so the noise-baby factor isn't such a factor yet. i don't remember the building being noisy when my brother lived there though (like 8 years ago)
@jayce: i think it really is just me being worried i'm jumping too fast that's holding me back! dh was super into it too;
@moderndaisy: "it's hard to be SURE because there are always other places out there"-- exactly! there might be something better, but at the same time it's so much better than our current apt, and that's all we really need...! good luck with the buying process! we thought about buying, but i want to live by school for now while i'm in classes and ta-ing, and then maybe move to brooklyn or hoboken or something in a couple years when i'm working on my dissertation, so it wouldn't make sense for us to buy now...
@finnaroo: Ok, that definitely makes more sense. My only word of advice is to really consider the fact that you are signing a 2 year lease. That's a long time if you end up not liking the apartment for any reason. But it really sounds like you love it, and it seems like a good deal. I would jump on it as long as you and your husband agree that you want to live there.
update: i just emailed our application in! thanks everyone for all your advice :) now i'm just keeping my fingers crossed we get it!!
new update! we signed the lease this afternoon!!!!! i can't wait to move in!!
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bees, i'm super stoked, i think dh and i found our new apartment today!!!! we wanted to look to see if we could find a better apt than ours now since our lease is ending soon. my only hesitation is that i tend to jump into apartment leases pretty quickly. or rather, when i was telling my parents about the apt, they told me to slow down and sleep on it (the guy who showed us the apt made it seem like they weren't showing anyone else the place til at least monday). apartment hunting majorly stresses me out, and this place seems so great that i'm ready to call it a day....but should we keep looking? are there things that fellow renter bees look for that i might not be considering?
our current apt is nice, and nicer than a lot of nyc apts, but it's also really dark/doesn't get much natural light, and kinda cramped (which is sort of inevitable, since this is nyc!). it's also about a 15-20 min walk from my grad school, which is close, but still a bit of a schlep...
today we saw an apt that isn't very much more than our current place (like, only $20/month more in rent, no broker or pet fee) and that's much brighter and only a 5 min walk from campus! it's big enough that dh and i would both have our own office space (key since we both work at home) in addition to a living room/dining room area that's at least 3 times the size of our current living room! if we have a baby in a couple years, we would have enough room for a nursery.
so whatcha guys think? jump on it? keep searching?