By Erich Nicholas, Licensed Real Estate Salesman, NYC Commercial Realty Corp, http://nycrecorp.com/ If you’re looking for a new home or office and a real estate broker asks you to sign an exclusive agreement so that you can only work with that broker – you should find another broker. Think about it, if you were going to buy a pair of dress shoes would you sign a contract to only buy those shoes at the Macy’s at Herald Square? So why would you limit your…
Author: Resident Renter
How to Find Costly Problems Before You Buy into a Building
Stuff no seller wants you to know about The term “buyer beware” doesn’t just apply to folks on a used car lot, kicking the tires of a recently repainted Buick. Buyers of New York City condos and co-ops need to be wary too because purchasing an apartment in a “lemon” building or one that’s about to undertake some costly repairs, can cost you a ton of money. With over one million buildings in New York City, many of them quite…
Why you should review your home on GoHomeNY – Homeowners Edition
Although over 60% of NYC residents are renters, we originally started GoHomeNY for home buyers and sellers in NYC. We bought and sold three condos in NYC and had remarkably different experiences each time, with the second go around ending in such (dis)stress that we decided to start a website to help other owners in the city. Almost every buyer uses a lawyer and a broker, but beyond reading the minutes and speaking with the management company, there is little…
How to Navigate a Landlord Breakup
Your relationship with your landlord is like any other relationship, which means that sometimes it goes bad. Maybe you’ve got your eye on an upgrade, maybe a life situation has forced you to tighten your belt, or maybe you’re just tired of paying mid four figures for a space barely suitable for lawnmower storage. Whatever the reason, you’ve decided to break your lease. The only problem is, a lease is a binding legal document; if your landlord is so inclined,…
Check Your Personality Type and Find a Neighborhood to Match
We know that looking for a new apartment is about more than amenities and square footage. You have to figure out exactly where you want to live, and in a city as colossal as New York, the process of choosing a neighborhood can be even more stressful than the apartment choice. Do you want somewhere with lots of green space? Close to shopping? Walking distance from your workplace? In the heart of New York City nightlife? We can look to…
Why You Should Review Your Building at GoHomeNY.com
Reviews are an integral part of 21st Century daily life. When you order from a new restaurant, you are asked to leave a review. When you order shoes, or get a haircut, or make a call to customer service, or even do some banking, you’re asked to leave a review. We share our opinions on so many little things in life, isn’t it time to dish about the big ones? Perhaps the biggest one of all is our home, and so often, that’s precisely the thing we keep quiet about. Our…
Why maintenance charges always go up and service doesn’t
Like death and taxes, maintenance fee increases are one of the sure things in life A New York City co-op owner recently said writing a maintenance check was like going to the dentist. It’s always painful but can’t be avoided. Maintenance fees, unlike most mortgage payments, which are fixed and do not increase over the period of the loan, almost always increase from year to year. This wouldn’t be so bad if service improved – better heating system, 24-hour doormen,…
A Complete Guide to Student Housing In New York
You think choosing the most suitable college was difficult? Well, wait until you get to the student housing part. There’s no denying that New York City is a schooling paradise. There are hundreds of world-class undergraduate and graduate colleges to choose from- including two Ivy League universities. Sadly, it comes at a cost. For starters, college tuition is astronomically expensive. Going by the 2017-2018 academic year report, the average cost of tuition for undergraduate students based in the state of…
What Should You Plan To Spend On Rent in New York City Neighborhoods
So you want to move to The Big Apple? Quite an exciting prospect, isn’t it? It goes without saying that New York City is certainly a great place to live. But, let’s face it- the city is also known for having notoriously expensive rental costs. According to the Expatistan Cost of Living Index, only eight cities in the world have managed to surpass the home of the Jets, Yankees, and Giants. It’s currently ranked 9th with a price index value…
Communal and Co-Living Options for NYC
Solo living is both financially out of reach and unappealing for many people, but finding the right people to live with, and the right place to live with them, can be a big hassle. Shopping the internet for roommates can be anxiety producing, and if you move in with the wrong one you could be stuck with them for the duration of the lease. Sharing expenses can be a total nightmare when one roommate is financially responsible and the other…