Friday, December 16, 2011

Cheapest Locations Of New York To Reside In

By Joseph Schade


Chelsea real estate, Chelsea homes, West Village real estate, and West Village homes are popular real estate area in New York City and are seen at present as some of the better property choices by investors worldwide.

Considered a students' paradise, the West village area in New York City has a distinct aura in the region and this trait makes it a prime locale from an investor's point of view. The choice real estate market of West Village is known as the area from the borders of 14th Avenue to the prominent Houston Street.

The region's fantastic location is one reason this area is a leading real estate point in entire area of New York City. The heartbeat of the commuters' transportation is the subway, and this stretch of land parallels most of the subway routes along Chelsea and West Village and is made even better because the renowned Columbia University is nearby.

Two predominant kinds of real estate are available in the Chelsea region. First, investors buy residential apartments are low cost, make basic renovations and then sell at a much higher return, making them the most important real estate investments in the area. In this category, lofts are the main kinds of apartments because they are popular with young families as well as a good option for students.

Huge, sprawling luxury condos have also made this area famous in residential property choices, as they are often furnished and ready to move into. Situated near the beauty of the Hudson River, the addresses of these apartments are easily the most desirable in the vicinity.

The second category of choice real estate in the area is of the commercial type and these properties are in great demand. An investor can expect profitable returns in a short time whether purchasing one of the junk jewelry shops that are popular in the area, or an open air charming bistro. These properties are in two general categories: those that are offered on rental arrangements, or those that are fixed term leases. The fixed term leases usually offer a more profitable investment option for foreigners, and are therefore more popular among non-US citizens.

West Village homes, West Village real estate, Chelsea homes and Chelsea real estate has market value year around, and this makes the properties an excellent investment among many people of different backgrounds, tastes and lifestyles. This, of course, makes real estate in this area a very safe option and property here some of the best choices for investors in the United States.

For most properties, the investors are essentially guaranteed a good return on their property. This is true whether the buyer wants to live in the property for a time, hold it just for rental income, or do some light renovations and then flip the property for a quick profit.




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