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Real Estate

What are Homeowner’s Association Fees?

If you are considering purchasing one of the available condos on the Upper East Side, you may be curious about the Home Owner’s Association (HOA) fees that you may incur. Here is a short guide that explains what these dues cover. What are You Paying For? In general, the HOA fees are used to pay for the expenses of the association. These fees are also commonly referred to as maintenance fees for a condo. These fees cover things that they are legally responsible for such as repairs, cleaning and maintaining common areas, and replacing things in these areas that may be broken or worn. These fees cover things such as the swimming pool and fitness centers. Who Decides How Much the Fees Are? The board of directors determines your HOA fees. This is awesome because they have to come to a consensus when it comes to the fees. There is not one person that is responsible for determining what each household has to pay. When it comes to the amount of the fees, they can vary greatly depending on the property that you choose. When you visit the condos at 200E62, make sure that you ask about any yearly increases or historical changes to the current fees. You also want to consider any special assessments. These are one time expenditures that may go toward major renovations to the property such as the replacement of access gates or replacement of roofing. Before special assessments can be implemented, there has to be a majority approval in a vote among homeowners. What are the Penalties of Non-Payment? When homeowners don’t pay their HOA fees, this can have a negative impact on the financial stability of the HOA. This can in turn affect the HOA’s ability to provide some of the services that they are responsible for providing. The HOA has the legal right to pursue many different legal means of collecting these fees such as negatively reporting to the credit bureaus or even putting a lien on your property. There may be late fees imposed and collection fees assessed the delinquent homeowners. While paying Homeowner Association fees are not optional when it comes to condo living, it is certainly easier to pay when you understand where your money is going. Make sure that you consider these costs when purchasing your condo. With some of the amenities that are offered in a luxury condo, the fees are a small trade off. For more information, visit 200 E 62...

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Townhouse Living in Brooklyn

The demand for townhouses is on the rise due to their numerous advantages. They offer an affordable, more cost effective and sustainable alternative to stand alone houses. A townhouse combines the benefits of single family dwellings and condo living all wrapped into one. Townhouses are good for people who are starting out, those that want to downsize, those looking for low maintenance homes and generally everyone looking for a modern and comfortable place to call home. Priced Right for Most Buyers A townhouse is an affordable option which guarantees value for money. Considering the amenities and location of the houses, they do not cost as much to purchase when you compare them with other housing options. Even though you enjoy outdoor areas, you do not have to spend a lot of time and money taking care of the spaces as the area is not as large. The outdoors will be cared for by hired personnel for the building, so you will be able to enjoy great outdoor spaces, without much upkeep on your part. Privacy and Ownership Every housing unit is connected to the next, but this does not infringe on privacy as each home has a private entrance and parking. As a homeowner, you still enjoy almost zero noise from the outside, as there are no neighbors below or above your housing unit. If you are looking for Brooklyn townhouses, The Oosten is the place to go if you want comfortable, affordable living. They have numerous amenities to ensure you get the lifestyle you are seeking to go along with the townhouse you are buying. Strategic Design The Oosten offers residences that are spacious in design, with beautiful interiors and features. Every space is utilized perfectly so that residents can get the most out of their homes. From large airy rooms and top of the line appliances to amenities galore, you will enjoy calling The Oosten...

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How to Find Good Real Estate

Real estate is a tricky business, especially in larger cities. Besides the obvious high amount of competition, there’s also often high prices, and location is a bigger deal than it is in a suburban or rural location, because of traffic. However, that doesn’t make it impossible to find good real estate in the big city. So, if you’re looking for real estate for sale in Manhattan, here are some tips and tricks on how to find the perfect house. #1. Zillow and other real estate sites There are few more thorough ways to look for something than to look for it online. There are as many real estate sites displayed on google as there is real estate to be sold. Sites like Zillow, streeteasy, and realtor.com offer a wide variety of available real estate, only asking that you punch in what city you’re looking to buy real estate in so they can narrow down their search. The internet has definitely made the act of looking for real estate significantly less of a hassle. #2. Finding an experienced real estate agent It’s an agent’s job to know these sorts of things, so going to hire one might yield results if you asked them if they had any ideas where would be a good place for you. Make sure to find one that has plenty of experience, 5+ years at least, to make sure they know what they’re talking about. This way, there’s something of a guarantee they’ll know what they’re doing, or will at least have their ear to the streets on all the best deals. You can find all kinds of real estate agents through craigslist, or other sites more geared towards hiring agents specifically. #3. Other ads We seem to forget this often, but the internet, ubiquitous as it is, is not the only means by which people advertise things, especially land and real estate. There’s also advertisements in newspapers, or hanging on bulletin boards and/or street lamps. These will typically include an address, email and phone number, which you can use to verify the details of the real estate itself, and if you like what you hear, set up a meeting. A few more hoops to jump through as compared to finding it online, but it gets the same result. Finding real estate, even in big bustling cities like Manhattan, are significantly easier than they once were. While made more competitive, finding the right real estate for you and your family has never been simpler. So, remember these tips when looking for real estate, and you may just find yourself in your new home before you know it. For more information, visit Hudson...

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Top 4 Luxury Condo Features to Consider when Shopping Around

If you have deep pockets, then the gorgeous NY luxury condos may well be the right choice for your new place to live. Of course, you already know that you need to look at the age, location, and style of the condo and condo community you are considering. However, when on a walkthrough of a potential condo, there are a few other features you should take note of as well before you make your final decision. Age Restrictions In this day and age, it may seem strange, but there are still NY luxury condos out there that have age restrictions in place. Many of these communities cater to older people or even singles. In many of these communities, while children and grandchildren are certainly allowed to visit, they are not allowed to live in the community. If you have children or think that your grandchildren may eventually end up living with you, you could be in trouble. Appliances When it comes to appliances, you want only the best in a luxury condo. You want state-of-the-art appliances that have been updated recently. The standard fridge, stove, and dishwasher is for condos that aren’t luxury. Most should come with washer and dryer hookups as well. However, this will depend on the policy of the luxury condo community you are looking at buying in. Common Gathering Areas Whether it’s the library, the garden, or a community center on the water, most condo communities have common areas for their residents to gather in and socialize. The trick with this during your walkthrough is to decide which is the best for you. If you love gardening, then the garden will be your best bet. However, if you could care less about gardening and instead love the water, consider a community close to the water that have a common area to suit your needs. Security In today’s world, security is more important than ever before. On your walkthrough, make sure to ask about security for the community. You want to be assured that you and your family are protected in your home. These are just a few of the features that you should check out on your walkthrough of possible NY luxury condos. For more information and to schedule your walkthrough today, contact the staff at the Naftali Group for an appointment and answers to any...

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Enjoy Being an Owner by Hiring a Property Management Company

Owning real estate is hard work, and effectively managing several properties on your own can seem impossible. There can be times where simply collecting the rent from your tenants can feel like you are the master of a three ringed circus. Luckily, there are a few different solutions available to investment property owners. For example, hiring a competent residential property management company can easily turn out to be one of your greatest resources as an investment property owner. While it may seem a bit nerve wracking to hand over the reins of handling your rental property, the benefits are immense and can offer owners the advantages of more time and peace of mind. As any investment property owner knows, there are many details to consider both large and small when you are renting to tenants. The best options for management come from established property management companies, who have a good reputation in the community and in real estate. It will be their job to make many important decisions for you, so look for a property management company that possesses great knowledge as well as integrity. Attaining and Maintaining Control of Your Rental Property So how does one determine if hiring a property manager is right for them? There are many points to consider here including where you live and how you deal with stress. Sometimes property owners need help managing their assets because they live too far away and find it hard to justify the cost of travel. This leads to less visits, and increases the likelihood of potential disasters as tenants are aware you aren’t nearby. A local property management company can help regain or maintain control of your properties by collecting rent, record keeping, completing inspections, and arranging maintenance. Property management companies know exactly who to call and build strong business relationships with contractors and handymen in your properties location. This makes it a lot easier to keep the value of your property high, without dealing with scammers or shoddy work. Eliminate the Nightmare and Start Living the Dream The demands of managing rentals can quickly become overwhelming, even for the experienced property investor. An efficient and effective property management company can help you market your available properties quickly. This means there is less time that your rental remains empty; they are also able to easily conduct background checks on potential tenants helping to reduce the risk of nightmare renters. If you are searching for property management in Derwood, MD; companies like Casimates Realty Management LLC can help. They provide the reputable services you need to stop being a landlord, and enjoy the benefits of being an...

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4 Apartment Hunting Mistakes You Ought to Avoid

Finding an excellent one bedroom apartments for rent in Long Beach CA isn’t always easy. The wrong one could cost you a lot of money. Here are a few apartment hunting mistakes you’ll want to steer clear of: Rushing through it Don’t be in too much of a hurry to choose one. Take your time. Schedule a free tour and get a look at the apartments on offer before you snap one up prematurely. Not weighing the pros and cons Every living space comes with its own set of pros and cons. Have the foresight to run through these in your head before you commit to the unit. If the cons are easy to live with and if the unit offers much better value than your old apartment, then that’s a good enough reason to pack your bags and move in. Being an emotional renter Keep the apartment hunting experience on an even keel. Don’t let your emotions blind you to the short-comings of a rental unit. And never decide to rent a unit based on photos alone. Picking an apartment sight unseen simply because of a lovely set of photos isn’t the best way to get a great deal. Always go for a tour of the unit. Some often seem bigger in photos or, in some cases, less shabbier. Focus on the size of the apartment and not on fancy fixtures, says the Business Insider. Not considering the traffic Sure, the views are killer and the rental fee is great. But what about the traffic? How long will your commuting hours be? If you drive to and from work every day, how much time will you spend on the road? You’ll want to consider these things before you choose your one bedroom apartments for rent in Long Beach CA on your...

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