A sleek new condo building certainly has its draws, from sensible layouts to virgin appliances, pristine lobbies and fast, reliable elevators.
Of course, those perks don’t come cheap: In fact, new development condos sold for $2 million more than existing apartments in the second quarter of this year, according to appraisal firm Miller Samuel. Not only will you pay a premium to buy new, you'll also take a risk on the unknown and untested, especially if you commit well before your place gets built.
To boost your chance of getting what you pay for--and head off any nasty surprises--read on for the 16 essential questions to ask while shopping for a new construction condo.
Maximize the use of your closet space by investing in racks, rods, drawers and other storage solutions
During the months-long renovation of our bedroom, we made do sleeping in our little office and living out of dressers and rolling racks parked in our living room. Now that we've finished the reno and moved into the bedroom, we have a new problem: a closet that won't hold clothes for the both of us.
On the market for a new home, and have $1.25 million to spend? We've combed the listings for homes currently on the market across the city, whether you're looking for a luxe condo in the heart of downtown or something farther away but more spacious (you can even get your own pool if you head out to Staten).
Q. I recently bought a one-bedroom co-op, which I'd eventually like to leave to my sister. What are my options for estate planning?
Leaving a co-op to a sibling should be as simple as putting it in your will, right? Not exactly. While you do have a few options, you’ll have to get the co-op board’s blessing no matter what route you take, our experts say.
Real estate search sites like Neighborhood Scout, above, provide neighborhood-level demographic data
Real estate search sites have been around for years, letting users mine data on everything from the percentage of singles in their neighborhood to the year their building was constructed. But a new generation is offering home-hunters a look at the kind of nitty gritty demographic data that, in some cases, brokers are prohibited from discussing by federal discrimination laws, as theNew York Times reported yesterday.
Starting Monday, we'll be coming at you with tons of coverage of that (almost) unavoidable facet of New York City living: the roommate. We'll be answering your thorniest roommie queries, examining the perils of cohabitating for the first time and, naturally, unearthing plenty of horror stories.
Stay tuned for our first-ever Roommates Week from Monday, July 28 to Friday, Aug. 1. And in the meantime, send us your questions, tips, yarns and anything else inspired by the fun and frustration of living with someone else. Drop us a line or send us a message on Facebook or Twitter.
Hating the heat, cramped rooms and the cable company. As the mercury rises, so does the irritation level. We asked six New Yorkers what they'd change about their apartments:
High-speed switch If I could, I would switch over to Fios because I hate, hate, hate Time Warner. But this is what my building is currently wired for and I think it’s too expensive to switch. -Caprice, Harlem
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