New York City is known for many things. Affordable housing is not one of them. However, newest mayor, Dill De Blasio, has made it clear that this is exactly what he plans to work on during his term. NYC homes for sale are some of the most expensive in the country. Bloomberg recently noted that Manhattan home sales continue to rise, though, with a 27 percent increase in January of 2014 compared to the same timeframe a year before.
Most of us are open to new ideas about increasing our income without adding a lot of expenses. Sure, there are things like selling items on eBay, freelancing and setting up a booth at local fair. However, have your considered using your home to make some extra money? This might not be an option for renters, but for homeowners, there may be ways to use your home to make some extra cash, which can definitely help ease the burdens of your mortgage payments. There are a number of ways you can turn your NY home purchase into an investment.
Making a New Year’s resolution is a tradition in the United States. While a New Year’s resolution can be anything you want it to be, why not make it something valuable like buying a home in 2014. If you plan to make your home purchase from one of the many Long Island, New York real estate offerings, you need to know a little about the current market. You also need to take a few other steps that will help ensure that you are able to buy a home when the time actually comes to do so.
Aside from the kitchen, the bathroom is the most used space in almost any home. This means that it's important to spend some effort and time getting your bathroom ready before you put your property on the market. This is especially true in New York City, where small baths can easily look cluttered and crowded. Whether you are planning to list your New York home tomorrow or in the next few months, It makes good economic sense to make sure this part of your condo, co-op or home is looking its best (and its cleanest.)
While New Yorkers have long been known for their ingenuity and creative housing solutions, this one may surprise even lifelong New Yorkers. Plans are underway to build the entry way to a new condominium complex right underneath the historic High Line on Manhattan’s west side.
The New York real estate market has seen its share of troubled times during the recent real estate slump. Whether you are buying a home or selling one, understanding the current New York home prices and how they impact the real estate market as a whole will help you make wise decisions. With the right knowledge, and the right agent at your side, you can maximize your purchasing or buying strategy.
In June, news of potentially higher mortgage rates began to spread throughout the mortgage industry, as Ben Bernanke announced that the Fed would be cutting back their stimulus plan, affirming that fewer bond purchases would be made in the coming months. This led to talk of spiking mortgage rates as people worried about less government involvement in the mortgage industry. Whether you choose to buy now while rates are still relatively low or whether you choose to wait, here are some ways you can save money when financing a home in New York:
What Are Points?
With a population of over 8.3 million people, New York City is the most populous city with the largest population density in the country. Every square mile holds over 27,000 people which means that land for homes is at a premium. As a result, homes in New York tend to be a bit smaller, on average, than homes in other parts of the country. When selling a home in New York, you must make the most use of small space in order to get a good price on your home.
Get Rid of Unnecessary Items
Living the life of luxury. Many dream of being able to purchase New York luxury homes. New York City's luxury homes have long been considered the most sought after pieces of real estate in the state, but when the opportunity arises, home buyers are not always sure where to start their search.
Buying a home in New York represents a sizeable financial investment. This market is becoming increasingly competitive, and buyers who are in the market for homes will be best prepared by understanding the changes affecting New York.
Prices on the Rise, Inventory Dropping