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As someone who lives in New York City, you know housing can be tough. Rents are high and could change at any moment, and buying property is all but impossible for anyone below the 1 percent. What if we told you you could stay close to the wonder of the city and still get all the benefits of owning a home?
Buying in the Long Island real estate market is a great way to both establish a strong investment and find a stable home. There are family-friendly communities, great schools, and low crime rates all within an hour of the city. Read on to learn why you should buy real estate on Long Island.
1. Proximity to New York
Let’s get straight to it – one of the biggest reasons to live on Long Island is its proximity to New York. Whether you work in the city or just love to visit, finding decent living arrangements in New York can be a challenge. Renting is expensive, buying is even more so, and living in the crush of the city comes with its own challenges.
Living on Long Island can give you all the cultural advantages of New York City without the housing issues. You can still own and drive a car, you can enjoy the lowest crime rates around New York City, and you can buy a house. If you work in the city, the commute is about an hour, a long but manageable amount in our modern society.
2. Beautiful Beaches
One of the other major perks of living on Long Island is the beautiful beaches. Long Island is, in fact, an island, bordered on three sides by the Atlantic Ocean and on the west by the East River. This means that no matter where you live on the island, you’re within reach of a beach.
Jones Beach is a state park on the southern side of the island with lots of smaller islands and a very popular beach. Up on the northeastern tip of the island is Montauk, a beautiful and historical area. You can enjoy an evening in the city on Friday night and spend your weekend lounging on a beach back on Long Island.
3. Easy Transportation
One of the great things about being so close to New York City is that there’s a lot of public transit available. If you work in the city, you can take a train to avoid traffic and the drive. Once you get there, you have access to taxis, the Metro, buses, and much more.
But once again, you get the best of both worlds back on Long Island. You don’t have the same traffic crush you do in the city, so things, like going to the grocery store and driving the kids to school, are very manageable. You can get all the benefits of a strong public transport system without having to give up your car.
4. Strong School Districts
On the subject of driving kids to school, Long Island has some of the best schools in New York. Living around the city, you want to make sure your kids get the best education they can in the safest area they can. Long Island school districts can provide your kids with the college preparation and safety they need.
The Plainview-Old Bethpage Central School District is a great option, and the East Meadow Union Free School District ranked second in the entire state of New York. North Bellmore, Levittown, and Massapequa all have fantastic school districts and prosperous neighborhoods. The Valley Stream School District has three high schools, all of which are renowned for their academic achievements.
5. Great Food
When you’re moving to a new area, you want to know that there’s good food in the area. There’s something wonderful about finding a new favorite restaurant or going to order your usual from your old standby. And Long Island has some of the best food culture around New York.
Plainview is packed with pizza parlors, bagel shops, and Chinese restaurants, as well as an amazing gastropub called Morrison’s. In East Meadow, you can find Sufiya’s Grill, an upscale restaurant that serves spectacular Persian food. And if you’re wanting something more casual, go for Fat Boy’s Burrito Co, a Mexican restaurant in North Bellmore.
6. Family-Friendly Neighborhoods
The school districts aren’t the only thing that makes Long Island a family-friendly place to live. In New York City, kids don’t get that great neighborhood experience that characterizes the American Dream. Living in the suburbs can provide a safer and more idyllic spot for kids to grow up.
Communities like West Islip have lots of clubs, organizations, and churches for your kids to get involved with. State parks spread across the island make great places to take the kids on weekends. And an abundance of sports leagues and arts events make it easy to keep your kids well-rounded.
7. Great Local History
If you’re a history buff, living on Long Island may be a dream come true for you. The area has a rich history dating back to colonial times, and much of it is still evident on the island. There are few places in the United States that are better for diving into American history.
Start your historical dive in Montauk at the first lighthouse ever built in New York. Or go visit the St. James General Store, which has been operating continuously for more than 160 years. You can even visit Oheka Castle in Huntington or the Planting Fields Arboretum State Historic Park in Oyster Bay.
8. Lots of Culture
We’ve mentioned the great exposure to culture Long Island offers a few times, but it’s hard to emphasize the unique position this community holds in the world. New York is the cultural center of America, housing all the best in fashion, art, theater, music, and beyond. If you want to experience culture at its finest, there’s no better place to do that.
From Long Island, you can go into the city to see a Broadway play or to watch any number of independent theater productions. Spend a Saturday visiting one of New York’s eighty-three museums. Or stick around Long Island and enjoy the music and arts that thrive on the island.
9. Lots of Housing Options
When you start looking at buying real estate on Long Island, there are lots of options for you to choose from. No matter what your budget is, you can find a living situation to fit your needs. From condos and townhomes to single-family homes and estates, Long Island has it all.
You can also choose how much work you want to put into your house. If you want to have a place that you can renovate and make your own, there are plenty of fixer-uppers on the island. But if you want a home that’s move-in-ready, you can find that, too.
10. Great Investment Opportunities
Living considerations aside, Long Island is a great place to buy real estate if you’re interested in investing. Housing prices have been on the rise on Long Island for several years now, and in 2019, prices rose between 4 and 7 percent on the island. If you’re looking to get into real estate investing, this is the place to do it.
But even if you do plan to live in the house you buy, you can still gain a lot from the transaction. Let’s say you buy a house for $400,000 in 2020 and housing prices rise 7 percent over the next five years. If you sell that house in 2025, you’d make almost $30,000 off the sale, and that’s just in five years.
11. More Stability
If you currently rent an apartment in New York City, one of the best reasons to buy a home on Long Island is for greater stability. You never know in a rent situation when your monthly payment might go up. Your landlord could sell the property to a new manager with different terms, and your life could be thrown into chaos at any moment.
If you get a fixed-rate mortgage on Long Island, your payments will stay the same from year to year. You’ll never have to worry about extreme price hikes or fighting with landlords over deposits. You can settle down, secure in your new home on the island.
Check out the Long Island Real Estate Market
Long Island is an amazing place to live or invest in real estate. The Long Island real estate market has been on the rise for a long time now, and it’s only looking up. And the island offers some of the best culture and family-friendly neighborhoods in the area while still giving you access to one of the greatest cities in the world.
If you’d like to find your new home on Long Island, check out the rest of our site at Tri-State Area. We can help you buy or rent a home and give you information about neighborhoods and schools in the area you’re shopping in. Check out the latest market trends and start shopping for your Long Island home with us today.