Top Reasons Why New York is a perfect place to buy a Rent to Own
Explore the great outdoors! The city is exciting, but there are 179 state parks in New York, and Adirondack State Park is the largest in America, larger than Yosemite, the Grand Canyon and Yellowstone combined. In fact, it's about the size of the state of Vermont.
It's the second largest wine producing state! Right after California, New York makes the greatest quantities of the beverage, most notably in the Finger Lakes region, where there are wine tours, tastings and accommodations.
Learn from the best professors! Some of the best colleges in the world are found in New York, including NYU, Barnard, Columbia and Cornell. They have an excellent art and design program at Alfred University, and Parsons School of design is where fashion designers learn to sew.
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Passionate sports fans! The Yankees dominate baseball, the NY Giants handle football and the Knicks take the court for basketball. There are dozens of professional and college teams that the residents of the state cheer on proudly throughout the athletics season.
Low state sales tax! Though each city can adjust the tax as they see fit, the statewide sales tax is a reasonable 4 percent, though expect downtown NYC to be closer to 8.5. Whether you're living in the Hudson Valley or up near Albany, you'll be happy to be paying lower taxes.
High vacancy rates for renters! Homeowners see on average 2.1 percent vacancy rate, showing strong demand for property and rent to own homes, while rentals see a comfortable 6.8 percent rental vacancy, making it easier to find a place in limited time.
Visit Niagara Falls! The honeymoon capital of the nation is on the border to Canada, where the famous waterfall expels 6 million cubic feet of water every minute. Up to 28 million tourists visit Niagara Falls every year, with more each season.
Famous folks walk the streets! Celebrities live and work in downtown NY, and many famous faces were born here, including Tom Cruise, Lucille Ball, Billy Joel and Herman Melville. Figures from stage, screen and literary societies flock to this educated and progressive area.
The history of journalism! The oldest surviving daily circulating newspaper is the New York Post, founded by Alexander Hamilton in 1801, which now features leading events, celebrity news and sensational journalism that readers latch onto.
Cost of living low in upstate New York! Though the Big Apple may have high prices on everything from bananas to bedrooms, upstate features inexpensive living and wide-open spaces. Cost of living routinely dips below the nation's average of 100, especially in Buffalo, Syracuse and Albany.
One of the most diverse populations in the nation! Thanks to years of immigration, nearly 50 percent of Americans can trace an ancestor back to Ellis Island's processing center, which now boasts a museum and updated renovations
Eat delicious pizza! Italian immigrant Gennaro Lombardi opened the first American pizzeria in New York in 1897. The business continues to run and sell pizzas by the pie or the slice on Spring Street in Manhattan.
Visit L.FrankBaum's Oz! Chittenango, New York is the birthplace of author L. Frank Baum, the creator of "The Wizard of Oz." It presents Munchkin parades, has a yellow brick sidewalk and even an Oz museum. An annual festival called Oz-Stravaganza occurs every September to celebrate the writer.
Enjoy the original Buffalo wing! It was in Buffalo, New York, that the first Buffalo hot wing was eaten. The owners of Anchor Bar creatively deep fried an excess stock of wings and served them with a cayenne sauce to satisfy some hungry patrons, and they were a hit!
See the most expensive real estate in the world! New York City is home to several of the priciest properties on the planet, including a Park Avenue Penthouse worth $125 million, a $115 million duplex in the Bloomberg Tower and $100 million condo shaped like an octagon in CitySpire. Luxury homes and apartments are rarely affected by recessions, so they increase in value dramatically with time.
Enjoy a local beer! There are 14 breweries in New York, many in the city but several across the state. The Flying Buffalo is popular in Buffalo, while the Blue Point Brewing Company is found in Patchogue. Brooklyn, the Bronx and Manhattan each have a brewery of their own.
Plenty of homeowners! The empire state boasts a 54.8 percent rate of home ownership in the state, and that's including the notoriously rent-friendly area of New York City. Most folks head into upstate to settle into quaint neighborhoods where space is far more common. Whether people jump in and buy or rent to own, it's a popular choice for settling down.
Financial movers and shakers! Wall Street is the financial capital of America, and in many ways the world. What happens on the stock market has wide reaching affects on every industry. See the bankers, analysts and managers head to work in this important area in downtown Manhattan.
Home prices are going up! The median list price for a New York home is $323,200, an increase of 1.6 percent over last year, and the city's median price around $380,000, an increase of 13.7 percent. Different towns are enjoying lifts as well, including Buffalo, which saw an impressive jump of 4 percent.
Climb the Catskills! For sports, recreation, hiking, climbing, skiing and camping there is no better area than the New York Catskills for every season. There are over 700,000 acres of public and private land in the Catskills meaning there's plenty of room to rent or own a home. For a more popular area, Hunter Mountain is right nearby.
Read a good book! The New York Library system is one of the best in the world, with branches in Mid-Manhattan, New York, and Hudson, as well as dozens of locations all over the five boroughs.
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