Deciding
on your search preferences depends on the amount of resources you
have available. Your personal preferences should be measured against the
reality of the real estate market in the areas of choice. The length of
time you have to search for a suitable share and the amount of money you
can spend on rent are the two strongest criteria that can effect your
search results the most.
Ample
time to search for a situation can be described as the amount of time
until your current situation expires. But, giving yourself enough time is
based on how you plan for your move in terms of your current situation's
expiration and making your decision to move far enough in the future so
that you are not in a difficult position. Starting your search one month
in advance is an average time frame and in most cases, securing a share
takes less time than that. Specifically, searching for a roommate
situation in the colder months of the year is usually easier because
demand for housing peaks during the spring and summer months. These
differences in the demand cycle should be taken into account when you are
planning your search. So, a search during the winter can take less then
the average one month and a search in the summer can sometimes take longer
if the roommate migration cycle is particularly steep. The migration patterns of
roommates is ever changing and is directly effected by variables such as the
economy, jobs and especially the weather.
The
underlying factor of money has a direct affect on the number of potential
matches your search will produce. You can consider the combination
of the average rent for any neighborhood against your rental budget to be
the necessary balance you need for success. The
average monthly roommate rent in Manhattan is approximately $1,000 and the
average for Brooklyn, Queens, New Jersey, The Bronx and Staten Island is
approximately $650.
Having more than the average rent available for your search can allow you
to focus on a particular area. Otherwise, if you have less money available
you should select more areas in your search preferences than less. It is
safe to say that a budget of one third of your total income is a
comfortable maximum that you can use in your search.
Lastly,
factors such as pets, smoking and gender preferences will lessen a search
and the results thereof. Having a pet or gender preference will make a
search more challenging and should be offset by your selecting of more
neighborhoods to increase the likelihood of success in your search.
As
always, please contact us with any questions that you might
have.