Are you interested in purchasing a home in New York City? Something you will likely consider in your homebuying journey are the amenities in and around the home you are looking to purchase.[1] In order to help buyers narrow down what is most important, StreetEasy conducted a study on what amenities NYC homebuyers were willing to pay a premium for.[2] Some of the amenities that people were most willing to pay for in “[h]omes [s]old [b]elow $2.5 Million” include:
- “In-unit washer/dryer;
- Gym;
- Pool;
- Children’s playroom; and
- Doorman,” among other things.[3]
When analyzing the price of a home that you are interested in purchasing, you may find it useful to factor in how much more you would be willing to pay for such amenities.[4] To learn more about different amenities and how much of a price premium may be associated with them, please visit Michael Kolomatsky’s New York Times article, for which the link is attached here.
Notes:
[1] Michael Kolomatsky, Which Amenities Are Worth the Most to New York City Buyers?, The New York Times (Oct. 6, 2022), (“[B]uyers are willing to pay even more to live in apartments and buildings with added amenities . . . .”), https://www.nytimes.com/2022/10/06/realestate/nyc-apartment-amenities-value.html.
[2] Id.
[3] Id.
[4] Id. (discussing how interest in certain amenities led homebuyers to pay a premium for such).