Living in a doorman building is the ultimate symbol of success in New York City, second only to having your own washer and dryer in your apartment. Although doormen have become a status symbol, the high-end lifestyle they represent isn't for everyone. The benefits and drawbacks of living in a building with a doorman have been listed here to assist you in making your decision. There’s more to doorman building living than meets the eye. Here is an up close and personal look at the pros, cons, and all of
One of the most important things to consider while looking for a NYC apartment is what type of apartment is best for you. To do so, you must first understand the distinctions between three key NYC property types: condos, co-ops, and condops. What are co-ops? Co-ops outnumber condos in NYC, accounting for roughly 75% of the apartment market. Instead of owning the property itself, you hold shares in the corporation that owns the property in the co-op. The number of shares you own is proportional to the size of your
A short sale sounds thrilling, like finding the perfect pair of designer pants on a bargain. Short sales can be wonderful investment possibilities, but there's a lot about these pre-foreclosure listings that bargain hunters and first-time purchasers don't enjoy. What exactly is a short sale in the real estate industry? A short sale occurs when a homeowner sells their house to a new buyer for less than the amount outstanding on their mortgage. The deal may profit both parties, but mortgage lenders, who must approve and complete the sale at
Tech is the future of real estate property. And it's not only because of the way digital natives are buying and selling homes — though it certainly plays a role. The rise of artificial intelligence (AI) will have a tremendous impact on every area of the real estate market, from how we buy and sell properties to how we live in them. In this post, we will look at how artificial intelligence (AI) will affect the future of proptech, smart homes, and smart spaces. Read on to learn more about
Renting your first apartment, flat, or house is an exciting experience. You're 'fleeing the nest,' but it's also a little frightening - and we're not just talking about the new hefty monthly payment. Many first-time renters are in the dark, which is natural given that they had previously lived at home. It's natural to not know everything when renting your first property. However, there are a few things you should be aware of before signing on the dotted line. When should I make a deposit? Not until you have seen
How can you ensure your small multifamily tenants are always satisfied and willing to extend their leases? Multifamily Complexes with a Few Units The immense impact of modest multifamily buildings on the rental market. Tenants in many dwellings What to expect from multifamily renters, including the most desired features. Expectations Tenants' Expectations of Their Property Manager in Small Multifamily Housing Statistics and Forecasts of Future Population Change Understanding how shifting demographics are influencing the market for such properties