Vacation Rentals

3 reasons why you should rent or Airbnb before you buy

By Jennifer White Karp | September 13, 2021 - 9:30AM 

Staying at an Airbnb in the Rockways provided an up-close look at a new residential neighborhood for a Brooklyn family.

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At the end of August my family needed a vacation, but we didn’t have the energy for a big trip. A staycation was out of the question—we’d been home in Brooklyn too long. So we Ubered over to an Airbnb in the Rockaways.

We enjoyed five days at the ocean and took surfing lessons, rented boogie boards, had tacos at Tacoway Beach (the Rockaways has great food), and capped it off with dinner in the pool area at The Rockaway Hotel. All in all, it was an easy and more private way to vacation that felt ideal for another pandemic summer.

Staying in an Airbnb also gave us a chance to get to know a new neighborhood in the city (in ways both good and bad). My husband says watching the planes take off from JFK while he walked the dog along Jamaica Bay was “magical” but I wonder if living under a flight path full time would still be so enchanting. And he got spooked when a teenager approached him and told him she knew someone who wanted to steal our dog. The neighborhood seemed less welcoming after that.

Renting before buying is what vacation home buyers typically do—it’s something that primary home buyers can take advantage of as well—and going the Airbnb route is a much easier and shorter commitment. Brokers that Brick spoke to had their own take on why renting first can help buyers feel more secure in their decision.

Here are three reasons why you should Airbnb or rent before you buy.

1. Look before you leap

“I’m always surprised when people move to NYC from another place, like LA, without renting here first,” says Ari Harkov, a broker at Brown Harris Stevens. “How do you know what type of housing or what neighborhood will really suit you? Sometimes you only spend 20 to 30 minutes at an open house.”

For that reason, he recommends buyers rent first when making a substantial lifestyle change. But in his experience, only a handful of new-to-NYC buyers have taken his advice. Why? Harkov says that's likely because “it’s not common practice, and “as humans, we’re wired to do what others do.

“People make decisions in shockingly spontaneous ways. They do research for years then something pops up, they see it, and make an offer,” he says. For that reason, renting first could protect you from making a purely emotional decision.

2. Learn the weather risks

Climate change offers many cautionary lessons, and with storms increasing in frequency and intensity, leaks and flooding are a bigger headache for owners. Testing out a building’s storm sturdiness or seeing whether a neighborhood has a tendency to flood can help you avoid a pricey mistake later.

Weather is the reason that Courtney Travin, a broker at Nestseekers, who is on the sales team for 101 West 14th St., recommends buyers rent for a full year.

“I think it's crucial to experience all seasons. If you live near the water, it's a dream during the summer, but even colder during the winter. Some people may not be OK with this, while others will appreciate the summer so much that they won't care about the winter,” she says.

3. Fast track your search 

Over the years, clients of Engels and Volkers agent Nicole Beauchamp have taken this approach in a variety of ways, including house sitting, staying in hotels or doing a short or long-term lease in a neighborhood “so they could get a sense of the area and if they want to commit to buying.”

But now, with so many people working from home, going the Airbnb route can fast track that process, if speed is your goal.

Since “many people are working remotely and you spend a greater portion of your days at home/in your neighborhood and are not spending large portions of your day in an office or commuting, you could probably get a sense much faster, instead of months it could be weeks or days,” she says.

Plus when staying in the neighborhood you can follow some classic advice about buying.

“My mother used to say—long before I was in real estate—that it was important to visit an area multiple times: Different days, different times of day, and different seasons if possible to truly understand where you are buying and what life there might be like and if it’s for you.”

 

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