RENT OWN SELL
Newyork
RENT OWN SELL
Newyork
Sometimes your stay in a given city is short-lived, either because of a family business or due to your job. In these types of scenarios, long-term leases aren’t practical. Instead, you would want housing that offers flexible terms, such as a month-to-month lease. That’s what makes guest houses ideal for short-term residents.
As the name suggests, a guest house is typically a smaller home constructed near the main residence. It has all the features of a small apartment such as a bedroom, a bathroom, and a small kitchen, but its primary purpose is to accommodate guests.
Lately, guest homes have become more popular, and homeowners have started renting them to earn extra cash. But before renting a guest house, you should know what you are getting into.
First, before searching for a guest house in New York City, identify what you need.
The Following are Some of the Most Common Types of Guest Houses:
Each has a unique style and setup, and the type you choose will come down to what you truly want in a short-term residence. It will also depend on how much you are willing to pay to stay there.
Determine your budget before you start your search so you can filter available listings based on what you want. Although it largely depends on your financial situation, the general rule of thumb is to not spend more than 30% of your monthly income on rent.
In addition to the budget, you’ll need to identify what’s included in the rental. When following up on a listing, ask about the following:
Utilities: Who’s responsible for paying the utility bills (i.e. electricity, water, garbage collection)?
Upfront Cost: Is there a security deposit and, if so, how much is it?
Lease Terms: Clarify whether the house is available as a short term lease.
You’ll also want to find out who would be responsible for basic repairs and maintenance costs. Since guest houses are almost always owned by a single private owner, they may set their repair and maintenance rules.
You may be able to find guest houses available for rent on real estate websites or by using your preferred search engine.
Real estate agents know where in New York available guest houses are located. All you’ll need to do is provide the agent with your desired specifications.
The owner of the primary home may place their guest house for rent independently. You can find them in two ways: search for them online using your preferred search engine or tour neighborhoods where you’d like to live in search of a “for rent” sign. Should you see a “for rent” sign, jot down the contact information and reach out to the owner to get more information.
Social media may also be useful in your search for a New York guest house to rent. You can either create a post indicating what you are looking for or you can join a real estate group and put a post there. It’s likely someone may be looking for a tenant at the same time you’re looking for a rental.
You can also get personal references from your family and friends who live or are familiar with property in NYC. Tell them that you are looking for a guest house and the desired neighborhood(s) in which you’d like to live. They may personally know of an available property or know someone who does.
A guest house is a type of accommodation that typically offers private rooms for rent within a larger house or building. It is often similar to a bed and breakfast but without the meal service.
There are a few reasons someone might want to rent a guest house in NYC. For example, it can be more affordable than renting a traditional apartment, especially for short-term stays. It can also offer a unique and personalized living experience, as guest houses are often run by individuals or small businesses rather than large corporations.
Some advantages of renting a guest house include:
When choosing a guest house to rent, you may want to consider factors such as:
Guesthouses may be hard to find in NYC, but it’s not impossible to find one that suits your needs. With a little research and patience, you’ll find a great guesthouse to rent.
