September 7, 2010
Finding and moving into a new apartment takes a lot of work, time, and money. It is supremely frustrating when after all this hassle the new apartment has all sorts of problems, especially after paying a security deposit, first month’s rent, and fees to a broker.
In this week’s Apartment Guru, Bitten and Burned paid out a sizable amount of money for her new apartment, but when she went to move, she discovered that the apartment has a flea infestation and severe water damage in the kitchen. Instead of moving in, she took pictures of the apartment and then compared them to the pictures of the apartment when she went to see it with her husband.
Go to http://wwfefw.rentedspaces.com/2010/09/03/how-to-get-out-of-the-lease-for-a-flea-bitten-water-damaged-apa/ to read Apartment Guru’s advice, and go to Neighborhood NYC at http://www.neighborhoodnyc.com to find your next home.
September 1, 2010
A recent trend at bridal shops is a suggested limit on the bride’s entourage because having too many voices and opinions can be overwhelming. Lately, many New York City real estate agents wish that they could put a similar limit on their clients’ entourage as folks are bringing their parents, friends, decorators, and casual acquaintances before deciding on an apartment.
Last month, New York Magazine covered this trend in their article Just One More Look. They interviewed Jeffrey Schleider of Miron Properties and Adriano Hultmann of Prudential Douglas Elliman, both of whom have experienced wishy-washy buyers.
Schleider tells New York Magazine, “I had one person come back three additional times. First he came with his mother, then a girlfriend and co-worker, and then an interior design and a painter. This is all before putting together a number.” The most frustrating part was that after all this work and time, the client decided not to buy the apartment.
Why are clients feeling more comfortable taking their time? Schleider thinks that the poor economy is a major factor. Buyers want to be more cautious with their investments, so they want confirmation that they are making the right decision from lots of people who have their best interests at heart. Schleider explains, “They want to make sure that if they’re going to do it, they’re going to do it right.
To read more about this trend, check out New York Magazine’s full article at http://nymag.com/realestate/realestatecolumn/67486/.
August 16, 2010
Sometimes it is difficult for real estate agents to write a glowing ad for an apartment. Words like “tiny” and “cramped” are substituted for words like “intimate.” NY1 real estate reporter Jill Urban recently wrote about the truth behind real estate ads and how the average apartment hunter can save time by eliminating certain apartment listings altogether. Her trick? Apartment hunters just need to know what adjectives to look for.
“Cozy,” “interesting,”and “potential” are red flags that an apartment might have problems. “Cozy” usually means undersized while “interesting” means that this apartment isn’t to everyone’s tastes. “Potential” is almost always the realtor’s way of saying that the apartment will need work. Even if the place is marked down considerably, apartment hunters should move along. A discount is not as much of a discount after sinking lots of money into fixing up an apartment with “potential.”
To read the full article, go to http://www.ny1.com/content/ny1_living/real_estate/121172/read-between-the-lines-in-real-estate-ads/, and find out the right and wrong words to look for in a real estate ad.
Check out residential buildings all over Manhattan at our informational website Neighborhood NYC at http://www.neighborhoodnyc.com.
July 29, 2010
Yesterday, Fortune posted an article that looked at renting vs. home ownership and ideas attached to each including, surprisingly, patriotism. This fantastic article examines the origins of the “American Dream” and how home ownership plays into that, and it looks at today’s economic realities and whether home ownership is best for everyone.
To read the original article, click here or go to http://money.cnn.com/2010/07/28/real_estate/housing_debate_rent-vs-buy.fortune/index.htm. Also, be sure to check out our informational website Neighborhood NYC at http://www.neighborhoodnyc.com, and read about rental buildings in Manhattan
July 23, 2010
Some recent residential buildings in Manhattan have been slammed for being big and intrusive, not blending in with the style of the surrounding neighborhood, or just being ugly. One of the most recent buildings that have attracted criticism is 245 10th Avenue, pictured to the left here.
Do you agree with the critics? Is 245 10th Avenue an eyesore or the future of architecture? Check out the original article here or at http://therealdeal.com/newyork/articles/245-10th-avenue-may-be-ugly-but-at-least-it-s-intentional-says-james-gardner, check out pictures of 245 10th Avenue, and let us know what you think!
Check out more properties at our informational website Neighborhood NYC at http://www.neighborhoodnyc.com.
July 15, 2010
Housing Watch posted this article in response to the Russian spy ring’s connection to the real estate world. The title is silly, but the article actually has great common sense advice for apartment hunters including checking out your agent on social networking sites like Facebook and checking out their transactional history.
Check out the link here or go to http://www.housingwatch.com/2010/07/01/russian-spies-how-to-tell-if-your-real-estate-pro-is-a-secret-a/. Let us know what you think or leave advice for other apartment hunters who suspect that their agent might not be who they say they are.
July 15, 2010
New Yorkers know that it is important to use the space in their apartment as efficiently as possible, and for many people, this means sorting through, organizing, and getting rid of some of their stuff. Rented Spaces had a list of the top five books for organizing your life including “The Story of Stuff” by Anne Leonard and “Unclutter Your Life in One Week” by Erin Rooney Doland.
Check out the story here or go to http://www.rentedspaces.com/2010/07/09/live-simply-the-best-books-to-help/. Comment and let us know what you think of the list, and tell us your favorite organizational books and tools!
June 30, 2010
The New York Times recently published this profile of Ladies’ Mile Historic District which looked at new housing in the area. To learn more about the Ladies’ Mile Historic District and why it is prime for condominium conversions, click on the link below and check out the article.
June 29, 2010
Empty nesters, young families, and those moving in from the suburbs are choosing to spend a bit more on their apartment to get a few extra rooms. To read about this trend and find out how to take advantage of this trend, check out the link below.
June 28, 2010
Not that long ago, Central Park was an area plagued by murders, rapes, and drug use. Today, Central Park is completely transformed, and people want to live close by. Click on the link below to read the New York Daily News’ article about the park’s history and why people want to live next door to this New York treasure.