Apartment hunting can be both fun and exhausting. After looking at property after property, your head may be spinning with all the choices. If you are a single person, you may be leaning more towards one bedroom apartments. However, there are benefits of renting or buying a 2 bedroom apartment in Kips Bay, including office space, extra rental income and better resale.
1. Office Space
With the COVID-19 situation going on, more people than ever are working from home. It can be beneficial to have a separate office space where you can get your work done. You do not want to have to do work from your bedroom or living room, as you can easily get distracted. Instead, choose a larger apartment that has the extra room for a dedicated workspace.
2. Extra Rental Income
If you are looking for an easy way to make money, consider leasing out your extra bedroom to a roommate. Perhaps it is a friend who has just moved to the city or a coworker. If you do not mind living with another person, this can help curb loneliness and also give you some extra cash. The price between a one and two bedroom apartment is usually small, and you can easily make it up when you rent out the other room. You can also look for an apartment that has two bathrooms to make it even more appealing to a potential roommate.
3. Better Resale
If you buy your apartment space, you will likely have better resale potential with a two bedroom dwelling over one bedroom. Even if you are renting, you might want to sublease at some point, and two bedrooms can make the offer more attractive.
When searching for the right apartment, consider these benefits of renting one with an extra bedroom.