How Do You Buy A Loft In Manhattan?
Imagine being able to look out the window of your spacious loft to see the hustle and bustle of the Big Apple. If you’ve always dreamed of living in the heart of the city, a loft might suit you perfectly. You can often find a good-size live/work loft for the same price as apartments in many cities. Step 1 See How to Buy a House. Step 2 Investigate what kind of loft you can get for your budget. Lofts are generally wide open spaces, with high ceilings. Some need a fair amount of work to be livable, including, perhaps, the addition of walls or partitions, and interior finish. Step 3 Investigate cooperatives (which is what most apartments and lofts are in New York). You won’t actually own the loft, but will be a shareholder in a corporation that owns the entire building, which entitles you to a long-term proprietary lease. A co-op carries a monthly maintenance fee in addition to the lease cost that covers the mortgage expense of the building, as well as heat, hot water, taxes and other cos
