Rents have increased across New York City, and the reality is that Airbnb could be a cause. Airbnb allows for short-term rentals in apartments and homes across the city, but this, in turn, has led to a hike in rental prices. Why? It takes certain rental units off the market and makes it harder for long-term residents to find a place to live. This increases demand, leading to higher rental prices.
If you're interested in living in New York City, there's good news. Real estate in the city is becoming more affordable, making it easier for people to call New York City home.
If this is the first time you've looked into purchasing property, you may be interested in how to have the smoothest real estate transaction. It can be confusing to buy real estate, especially when you haven't been through the process in the past. Fortunately, it's fairly simple to understand.
In large areas of New York, you may notice that offices are being leased by the dozens. This is a result of using co-working spaces, which is when businesses lease office for satellite offices or their staff members with communal spaces.
Although a final walk-through is not a home inspection, you need to treat it as such. This is your last chance to ensure that the home you are buying is exactly what it should be, so you don't want to sell yourself short.
Buying a home can be one of the most exciting times of your life, as long as you are comfortable with the purchase you're making.
There is nothing quite like buying your first home. This can put a smile on your face that lasts for many days (or longer).
Renting a home or apartment can bring a lot of joy to your life. However, before you get too excited, you need to realize there are some mistakes that you need to avoid at all costs.
Buying a home is one of the most exciting times of your life. Unfortunately, there's a lot to think about along the way, such as the real estate contract.
You searched for months. You found the house of your dreams in a great neighborhood. You put in an offer, waited, and then were overjoyed when it was accepted.