In Russel Woodhouse’s most up-to-date rental, a shared walk-up on East 14th Road, his bed room was “loopy small.”
“However I bit the bullet for 2 years as a result of I saved more cash,” he mentioned. He paid $1,700 a month for his share.
Since transferring to town in 2013, Mr. Woodhouse had at all times lived with roommates. Dealing with one other transfer final fall, he thought of rooming with a good friend in Brooklyn, however determined towards it. “I’d be a renter for a few years extra and in the identical place as I’m now,” he mentioned.
Mortgage rates of interest have been low, and he had saved diligently. “I used to be at a ripe age to make this transfer,” mentioned Mr. Woodhouse, 29, a Syracuse College graduate who works at a hedge fund.
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His perfect location was the West Village, though he knew his finances of as much as $650,000 for a spot with an inexpensive month-to-month upkeep was unrealistic for the sort of condo he wished. He hoped to discover a one-bedroom in a co-op constructing with a doorman and an elevator, spacious sufficient to have pals over, with some sort of mild and consider, and perhaps a fitness center or roof deck. For that, he would wish a finances nearer to $800,000.
The locations he noticed have been sometimes junior one-bedrooms or alcove studios. Generally a bed room was carved out of a front room. Mr. Woodhouse was blissful to do some quantity of renovation, and he discovered himself straying from the West Village to close by areas.
“Russ was trying in that starter value vary,” mentioned his agent, Karen Kostiw, of Warburg Realty. “There are some flats that require extra imaginative and prescient than others. I clarify that some renovations should not so powerful; they take the home equipment and plop them in. These individuals are not going to be transferring the plumbing and electrical.”
Amongst his choices:
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