Gea Elika's Blog, page 167
September 16, 2015
8 Quick Steps to Buying a New York City Apartment
Purchasing a home is rewarding and requires a long term commitment. You need a professional team who can handle the buying process without losing sight of your individual needs. Here’s how the step-by-step process of buying a New York City home can work for you.
Step 1: Making the Decision
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September 13, 2015
5 Places You Should Avoid Buying Apartments Near in NYC
Securing that perfect New York apartment comes with obvious challenges such as staying in budget, qualifying financially, and locating available inventory in your dream neighborhood. But living in the city brings more obstacles than those I just mentioned, and dwelling in the wrong place can prove stressful, reduce quality of life, and in some cases, make you regret choosing to live in the city at all.
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September 2, 2015
Labor Market Hums Along
There is a lot of attention paid to the national labor market. However, real estate is primarily based on local conditions. This is especially true in New York City, given the size and complexity of our economy.
A key economic driver is the labor market. When people feel comfortable about their job prospects and opportunities are plentiful, they will go house hunting. Conversely, if people lose their jobs, or fear they will shortly, they have bigger concerns than buying a home. Therefore, we have analyzed the city’s labor conditions to see where it is headed.
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August 26, 2015
Why Angst is your Friend
Worries are permeating investors psyche. This is reflected in the recent drop in equity markets. The Dow Jones Industrial Average fell as much as 1,000 points in a single day, or more than 6%. It recovered a chunk of these losses but still down 3.6% that day. The market is officially in a correction, with percentage losses in the double-digits since just last month.
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August 24, 2015
Necessary Amenities: What New Yorkers Can’t Live Without
Ask most any New Yorker what they give up to live in the Big Apple and you’ll probably get a laundry list. Most amenities our suburban neighbors take for granted are downright luxuries for us NYC residents. Most of us aren’t lucky enough to find conveniences like a doorman, washer/dryer, or a private outdoor space –– all offered in a single apartment. For this reason, we often narrow our wish list and come up with one or two amenities that we prefer not to live without.
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August 20, 2015
Upgrade Your Dated Bath with These 7 Easy Fixes
Bathrooms can get tired in no time, especially if you live in a one-bath home. Bath renovations tend to be especially stressful, plus you have to stay in a hotel or with a friend for the duration of the remodel.
No worries if you’re a New York apartment owner with only a single bath. Depending on the condition of the space, you might be able to upgrade a dated bathroom with these seven easy fixes and not need to spend a small fortune for a week or more hotel stay.
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August 14, 2015
What You’ll Get for Your Money: $1.5 Million in Manhattan vs. Brooklyn
A price of $1.5 million probably doesn’t sound reasonable if you’re not in tune with New York’s real estate market, but considering the city’s climbing costs, it’s on the low end of the pricing scale. If you’re in the market to buy and approved to spend up to $1.5 million, here’s what you’ll get for your money in Manhattan vs. Brooklyn.
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August 11, 2015
Why Buying Real Estate in Manhattan Is Different From Other Major Cities
It’s no secret that buying real estate in Manhattan has its own set of rules. But if you don’t live in the city or you’ve never looked into buying property here, you might ask the question, “How different can it be?” From what you can live in, to how much you should expect to pay, the differences in Manhattan real estate as compared to other major cities is significant. Read on for a more detailed explanation.
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August 10, 2015
“THE HOMEBUYER’S HANDBOOK” 2nd Edition Now Available from Elika Real Estate
Elika Real Estate, a boutique real estate company that specializes in working exclusively with buyers, has published its second edition of “The Home Buyer’s Handbook, The New York Guide to Buying the Home You Want,” the company announced today. The handbook provides a comprehensive guide to purchasing a home in the city and is available electronically on Amazon and the company’s website for free.
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August 7, 2015
Celeb Corner: New York Real Estate of the Stars
Famous people sell their apartments too. And sometimes, they reduce the price, take their property off the market, or accept a lowball offer. Other times, they strike gold and get a higher asking price, because they are, well, stars.
Celebrities endure the trials and tribulations of New York City real estate, however, just like the rest of us, and not every star-studded residence sells in a snap. Read on for an overview of which celebs have been buying, listing, and selling around the Big Apple in recent weeks.
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