The New York City Real Estate Blog
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Wait, Summer’s Over?
When did that happen? Now that Labor Day has arrived, it’s time to enjoy the last few weeks of summer because we all know what’s next: sweater weather and pumpkin spice everything (see below)!
This month we’ve curated links with tips on buying a duplex in NYC, how to organize kitchen cabinets, and 6 things to do in NYC this Labor Day.
Don’t Let Summer Pass You By!
As the summer continues to heat up, we need to remind ourselves that this warm (OK, hot!) weather doesn’t last for long. Soon enough we’ll be wishing for 80+ degree days and sunsets after 7pm. In the meantime, try and stay cool and enjoy the great things that the city offers this time of year.
The Mansion Tax in NYC: Explained
The Mansion Tax has been a topic in the New York real estate market for some time, but if you’re jumping into the market you may wonder what it is. The Mansion Tax is a 1% surcharge that buyers must pay when purchasing residential property for over $1 million. Although $1 million is now a more appropriate price for a one or two bedroom in Manhattan than a mansion, at the time the tax was imposed the name was more reasonable.
Buying and Selling in a Weaker Real Estate Market
If you’ve been interested in Manhattan real estate, you likely already know that property prices have been down in recent years. A new report by the appraisal and research firm Douglas Elliman and Miller Samuel show that the dip has continued in the first quarter of 2019 and is expected to continue.
Moving Out: 5 Tips to Save Money on Your Next Move
These days, it seems like we’re inundated with commercials for smart appliances for our homes. From refrigerators that can tell you the weather when you ask for it, to stoves that can turn themselves on via voice command and security systems you can arm from an app on your phone, the increase of technology being woven into our daily living routine is cause for examination. All of these appliances make your life easier, sure, but can they actually increase the resale value of your home?
How Do Smart Homes Affect Real Estate Value?
These days, it seems like we’re inundated with commercials for smart appliances for our homes. From refrigerators that can tell you the weather when you ask for it, to stoves that can turn themselves on via voice command and security systems you can arm from an app on your phone, the increase of technology being woven into our daily living routine is cause for examination. All of these appliances make your life easier, sure, but can they actually increase the resale value of your home?
The Future of Real Estate in NYC
With all of the changes in technology in the last few years, the way that consumers are investing in real estate and the way that companies are selling it has already changed drastically, and these trends are only expected to grow and continue through the beginning of the next decade. While many people think they know the process due to popular shows on HGTV, the truth is, the methods and strategies behind the real estate market have evolved to fit into our tech-dependent world.
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