Most Common Deal Breakers for Homebuyers

Picture this: Your dream building has an available apartment that’s just hit the market; you rush to the first open house with high hopes and your checkbook in hand. Once you arrive, you discover that the unit is in your price range. The maintenance is almost affordable. And the apartment has been gut renovated and includes a washer/dryer. What more could any potential New York City homebuyer want or need?. And rightfully so. When it is too good to be true, it often is, be wary of the deal breakers for homebuyers in New York. Believe it or not, no matter how much you love an apartment, you’ll run from that listing and never look back if one of the following scenarios comes into play.

A bad smell

If you step off the elevator and are engulfed with the smell of cat urine, dirty laundry, shawarma, or even smoke, you should accept that any odd or evil odor is probably permanent. However, don’t assume that the smell is temporary, and if you’re genuinely heartbroken, revisit the building several more times and let your nose decide.

A dark, filthy basement

Basements are generally creepy but add a bunch of trash, a few dark corners, and 100 years’ worth of filth, and you’ll feel like you’ve stepped onto the set of a horror flick. So stay away–– who knows what’s living in that underground space or what’s died there. Besides, the basement condition is usually pretty telling, often a window into how the remainder of the building is maintained.

A hidden assessment

Almost as scary as a filthy basement, an unknown building assessment can pull a significant amount of cash from your monthly budget and last for years. Always ask your agent upfront: “Are there any current assessments on the building?” You’ll want to know how much and how long any assessments will be in place before you make an offer.

A crazy neighbor

The middle-aged lady with nine cats, the older man who screams at himself, the twenty-something couple who can’t stop christening every room of their apartment there a few examples of neighbors that might drive you mad if you allow. Note: Allow might mean something as simple as living next door to one of these folks.

A barking dog

A dog barking incessantly or at odd hours (think 3 a.m.) is a turn-off no matter where you choose to live, but in an apartment scenario, the noise is particularly bothersome. Forget about closing a window to mute the sound or turning on loud music to block it out. You’ll make enemies with your other neighbors, which only complicates matters. And if you complain to your super or managing agent, sharing an elevator with Frank and Fido will feel awkward.

A bad view

Few affordable New York apartments come with a view of the skyline. And remember, most likely, that view will never change, or probably not in your lifetime. You could undoubtedly cover your windows; eventually, you’ll want to allow a hint of sunshine to stream into your space. Starring across the street into other high-rise apartments, another to stare at an alley filled with garbage or vagrants might not be for you.