How to Study an Apartment in One Visit

Finding the perfect place to call home takes quite a bit of legwork. Often, you’ll have to move from one apartment to another until you identify an apartment that suits your needs. But when searching for an apartment, you’ll need to move fast. Otherwise, you’ll spend too much time viewing a couple of apartments and miss out on other great deals. Bearing that in mind, here are some factors that can help you evaluate a property quickly in one visit.

Size

While it may seem like a no-brainer, one of the first things you’ll want to evaluate is the apartment’s size. Carry a tape measure and take measurements of the rooms to ascertain your existing furniture will fit. Also, take measurements of the property’s entrances and hallways to help you plan if you decide to relocate.

Room Layout

Early planning is essential to a successful apartment search. Try to obtain the floorplans of the apartments you intend to view before you visit them. Examining floorplans before visits can help you eliminate properties with odd layouts and save you time.

Soundproofing

Thin walls may mean you’ll experience trouble with noise pollution. Noise pollution is undoubtedly something you don’t want to contend with once you move into a new apartment. Test the apartment’s soundproofing by having the realtor or the person who’s accompanied you stand in one room while you stand in the opposite room, and try to have a conversation. If you can hear each other well, the apartment probably has poor soundproofing.

Storage Space

Check out whether there’s sufficient storage space for your needs and the people you live with. If the storage space is insufficient, evaluate whether the property’s square footage is adequate for modifications.

Lighting

Apartments with large windows generally let in plenty of light, and they can feel bright and cheery. Conversely, apartments with small windows allow less light in, and they can feel dark and dreary. When studying an apartment, pay close attention to the lighting. Look outside to see if any buildings may obstruct natural lighting. The last thing you want is to experience buyer’s remorse after moving into a poorly lit apartment.

Cell Reception

Often, in some apartments, there are places where there is terrible cell coverage. When viewing apartments, check your cell signal from room to room to identify any areas with poor reception.

Final Word

Apartment hunting can be pretty time-consuming. But it doesn’t have to be. Save time and get value for your money by considering the factors above during your house search.

This article was originally published on KevinBrunnock.com

What to Know When Buying a Multifamily Home in NYC

Multifamily properties are gaining traction in New York City. Many people are considering multifamily investing by putting their resources in apartment buildings and townhouses. Most multifamily investors look at ways they can increase their revenue streams through rental income. They boost their net operating income by ensuring their houses are not vacant. Participating in multifamily investing requires significant capital with very high overhead costs, limiting most people. Here are a couple of highlights to note regarding multifamily investing:

What Is Multifamily Investing?

Multifamily investing involves purchasing an entire apartment building or townhouse, opposed to one unit. As a result, one can create several streams of income, making it a lucrative investment. Investing in multiple units can be challenging due to the extra responsibility and high acquisition costs. One does not have to invest in an entire apartment building when starting with multifamily investing. They can begin with two or more family townhouses as they progress to expand their multifamily investment.

When individuals put their resources in multifamily investments, they must consider the time lag it takes before they start enjoying the returns. They should also be ready to undergo repairs and consider the amount of taxes they will pay before earning their proceeds.

How to Buy a Good Multifamily Home as an Investment

When seeking to put funds in a multifamily investment, there are critical pointers to have in mind.

  • Be specific during the property search

Location is vital when investing in multifamily properties. A developed or developing area attracts tenants easily and reduces vacancy rates. An area with excellent growth potential increases one’s chances of increasing rental income in the future. Other critical specifications to pay attention to includes the layout and size of the property. Consider amenities like the storage space and the laundry room that may appeal to potential tenants.

  • Watch out for red flags

Structural damage is among the top red flags to put a hawk’s eye on. Structural damages can dig deeper into one’s pockets and eat into their profits. As a result, a home inspection comes in handy to identify such issues. It helps one to know what they are investing in and whether it is worth the while. A home inspection enables one to look into potential repair costs before committing to the property.

Final Thoughts

Finding a good investment in the Empire State is never a breeze. The NYC market is highly competitive, and one needs skill and patience to settle for the best multifamily investments. Multifamily investing can provide financial independence if handled correctly.

This article was originally published on KevinBrunnock.com

Choosing Between a Studio and One-Bedroom Apartment

When it comes to choosing between a studio or a one-bedroom apartment, there are a few things to consider. A studio apartment is essentially just one big room, with a separate bathroom, whereas a one-bedroom apartment has the bedroom and bathroom separated from the main living area. They each have benefits and drawbacks, depending on lifestyle and budget.

Both one-bedroom apartments and studio apartments are more affordable than any other living space, but those who are on an extremely tight budget should opt for a studio. One-bedroom apartments will have more space, although sometimes the square footage difference isn’t much. In cities with a high cost of living, those who are penny-pinching may want to opt for a studio apartment. Many times, the only units that are available in a good location and also in an affordable price range will be studios.

Lifestyle is another factor to take into account when choosing between a studio and a one-bedroom apartment. Young, single people may be perfectly happy in a studio, as they are not home very much and do not have a significant other to worry about. Couples and small families, however, would be extremely cramped in a studio apartment. Having a bedroom off the main living area gives couples a chance for more privacy and space from one another when needed. Older people would also be more at home in a one-bedroom, as they often spend more time at home and would appreciate more space. Anyone who enjoys having parties or having people over would be much happier with a one-bedroom apartment as well. Having friends come to visit and socialize in what is essentially a bedroom can feel invasive, especially when the bed has to double as a couch.

Ultimately, the choice between a studio and a one-bedroom apartment comes down to price vs. privacy. It is up to the apartment renter or buyer to determine which of these factors they value more. They will need to imagine their day-to-day life and figure out if a studio will simply be too small and cramped, or if it actually won’t bother them. They will also need to look at their finances and determine if the monthly rent or mortgage of a one-bedroom is feasible.

This article was originally published on KevinBrunnock.com

The Importance of Diversification in Real Estate Investing

Real estate investing can be a great asset for long-term investment. Although the real estate market is one of the most stable markets in the world, diversification is important in this investment class, too.

There are many ways to invest in real estate through various platforms such as property management, construction, or flipping. Diversification helps investors mitigate their risk when looking at different types of investments that have different levels of risk involved.

Real estate is a unique investment opportunity, as it can provide steady returns over the long term. However, investing in just one type of real estate –such as only high-end real estate –can be risky.

Defining Diversification

Diversification, such as investing in a portfolio of stocks, bonds, real estate, or other securities, is a way to spread your money across different investments to lessen the impact on the value of any one investment.

Reasons for Diversification in Real Estate

Here are three good reasons for diversification in real estate.

  1. Investors should protect their investments by getting a mix of real estate: Investing in a mix of real estate can be the best way for investors to protect themselves against broader shifts in the economy. If investors want to keep their money safe, it is important that they view their various investments in real estate as a hedge against the uncertain market and as an insurance policy against economic instability.
  1. Investors should protect their investments against geographical changes: As the population shifts from urban to rural areas, so do the needs of investors. In order to protect against these regional ups and downs, investors need to have many investments spread across different geographies.
  1. Investors should protect their investments against economic shifts: The timing of the purchase can be a good indicator of the economy. Buyers are able to afford more properties during good economic times and these properties are also more luxurious than before. When times are tough, people tend to downsize with their lifestyles. Diversification of property classes from high- to low-end helps investors weather buying trends tied to economic shifts.

Diversification is one of the most important steps to success in real estate investing. With diversification, investors create a portfolio that consists of different properties and sectors such as commercial and residential properties.

This article was originally published on KevinBrunnock.com

The Pros and Cons of Refinancing Your Mortgage

One of the most common questions that people have when considering refinancing their home is: will it be worth it? The answer to this question depends on whether you need to do so for financial reasons or simply looking for a lower interest rate.

If your current mortgage has an interest rate that is significantly higher than what’s available in the market, then refinancing could mean big savings on your monthly payments.

But if you’re just going through with a refinance because rates are low and you won’t be able to cover the closing costs and other fees, then it may not make sense financially.

This article breaks down all of the pros and cons of refinancing your mortgage so that you can decide for yourself whether it’s the right move.

Pros of Refinancing Your Mortgage

Your monthly payments could be lower.

You may have access to a larger loan amount, which would allow you to buy or sell more homes than before.

The new interest rate on your mortgage is likely going to be much lower than the one currently holding it back from performing better in terms of its annual percentage rate (APR).

The most common refinance is a home equity loan, which will allow you to access the equity in your property for other purposes like paying off debt or building up an emergency fund.

Cons of Refinancing Your Mortgage

Closing costs and other fees related to refinancing can add up quickly, eating into any money that was saved by getting a lower interest rate.

If you’re simply looking for a low interest rate but not because rates are high enough to offset closing costs and/or other associated fees, then there’s no need to refinance.

You may not be able to get a new mortgage with the same interest rate if your home doesn’t have sufficient equity now – or at any point during this loan term, for that matter.

Refinancing might mean moving up closer to retirement age before being eligible for FHA financing again (which is generally more affordable than it used to be).

If rates go even lower after refinancing and are below current market values, then you would need to repay the debt from your own funds to take advantage of those lower rates.

This article was originally published on KevinBrunnock.com

When to Work With an Expeditor in Real Estate

What is an expeditor? Real estate professionals often choose to hire an expeditor when they have a highly complex transaction or multiple properties involved. An expeditor helps the realtor negotiate and close deals more quickly by taking care of the logistics. Expeditors may also be hired for significant transactions with multiple parties who do not live in the same area as their property.

What Does An Expeditor Do?

An expeditor negotiates and closes deals more quickly by taking care of the logistics. They may also be able to help you find some of the furnishings for your new home.

How Does An Expeditor Help With A Transaction?

Expeditors will help you find vendors such as contractors, painters, landscapers, and cleaners. They will also make sure that the property is ready to be shown at a moment’s notice.

Why Hire An Expeditor?

Expeditors are beneficial for complicated transactions or if there are multiple properties involved in one transaction. They can help you find vendors for your project depending on what work needs to be done, such as contractors, painters, landscapers, and cleaners who can get the job done efficiently with little required oversight from you.

If you need an expeditor, it may not always be easy without prior research into which ones specialize in different areas. Still, this could give you more options when choosing between various service providers, including those who only offer certain types of services or have a bias toward specific clients.

Expeditors are also helpful for those who just don’t have the time to manage their real estate transactions and need someone else’s help with property showings, finding new tenants, or deal negotiation. Expediters can be an excellent resource if you’re tasked with a short timeline that requires quick action to meet deadlines.

The number one time you may want to hire an expeditor is when there’s a short-term deadline that requires follow-up and speedy action. 

Expeditors can save their clients’ time while they usually earn theirs based on how many tasks each one completes successfully over the long term. The best thing about working with an expeditor in real estate transactions?

They’re easy to come by these days, as more professionals are jumping into this career field! Whether it be finding a new tenant or negotiating deals for buyers and sellers – they do it all!

This article was originally published on KevinBrunnock.com

Last-Minute Projects to Do Before Selling a Condo

If you’re getting ready to sell your condo, you’re going to need to invest some time, money, and a little elbow grease before putting it on the market. Everything you do to prepare your condo to go on the market will influence the final sale price. The following are a few important items to focus on before you try and sell your condo.

Get Rid Of The Clutter

Clutter makes your home look messy and unattractive. Cleaning up the clutter doesn’t just make your home look more attractive to potential buyers, it can also add over $2,500 to your home’s value. But instead of taking your clutter and just hiding it out of sight, take the opportunity to sort through everything and get rid of the stuff you don’t need. A good general rule is if you haven’t used an item in the past six months, get rid of it.

Fix Everything That’s Broke – Even The Small Stuff

It’s easy to focus on fixing the big stuff, like home appliances and HVAC systems, but the small things need attention too. For example, change the burnt-out lightbulb in the closet you’ve been ignoring. Also, get that leaky faucet fixed. The idea is to not give buyers any reason to suspect your condo might be a “fixer-upper.” Making all those little repairs before you put your condo on the market will help give potential buyers a great first impression.

Make Your Condo Boring

You want every potential buyer that walks through your condo to imagine themselves living there. But that’s hard to do if too much of your personality is showing. Take down your family photos because it prevents buyers from seeing the home as their own. The same goes for trophies, children’s artwork on the refrigerator, and any other mementos you have laying around. Replace these items with some tasteful paintings on the walls and a vase of flowers on the table.

Spruce Up The Place

Sprucing up your condo means fixing any cosmetic problems it might have. This includes painting any walls that are scuffed and scratched, getting your carpet steam cleaned to remove those old stains, cleaning the windows, and so forth. Yes, this will take some work on your part but it will make a huge difference

Timing Is Everything

If you know you’re going to be selling your condo, make a list of things to do and get started on it right away. You don’t have to get it finished in a weekend, even a little each week can make a big difference. But if you need to sell your condo in a hurry, don’t be afraid to ask for help.

This article was originally published on KevinBrunnock.com

5 of New York City’s Most Iconic Buildings

As one of the most famous cities in the world, New York City is also home to a long list of buildings with iconic status. In addition to being visually attractive, these buildings also carry storied histories and are beloved by both residents and visitors.

Statue of Liberty

This monument symbolizes freedom for people all over the world. Gifted to the United States by the French, it has stood since 1886, and was the first sign of a new life in America that many immigrants saw when first entering the country. While it was closed to the public for several years following the September 11th terrorist attacks, it reopened in 2009 and hosts millions of visitors each year.

Radio City Music Hall

The bright lights of Radio City Music Hall have been welcoming visitors for almost 90 years. Legendary performances have taken place there, and the building represents the ultimate level of success for performing artists. The intricate details that make up the interior, especially the grand staircase, are just as awe-inspiring as the eye-catching exterior of the building.

One World Trade Center

Standing on the site of the original World Trade Center complex that was destroyed in the terrorist attacks of September 11, 2001, One World Trade Center represents resilience and victory over tragedy. It took several rounds of designs to build, but it was finally completed in 2014, and now stands as the tallest building in New York City.

Empire State Building

Inspired by beautiful Art Deco styling, the Empire State Building is synonymous with New York City. Upon completion in 1931, it surpassed the Chrysler Building as the world’s tallest skyscraper, a title which it held until the 1970s. A New York City skyline stand out, it has been made famous in numerous movies and television shows.

Grand Central Terminal

Grand Central Terminal is a stunning sight to behold, and while it is best known as one of the most famous train stations in the world, the interior of the building holds a great deal of mystery. There are secret tunnels, bunkers, and hidden spaces, not to mention the Whispering Gallery that is a fascinating architectural creation.

This article was originally published on KevinBrunnock.com

The Best Wineries between Brooklyn and the Finger Lakes

In the recent past, the New York state has emerged to become the powerhouse of wine production. However, the state has not always been producing wine, for there was a time when New York State was only producing sweet concord ice wine. Finger Lakes and Brooklyn host more than 2,000 wineries. Here are some of the best wineries in Brooklyn and Finger Lakes.

Finger Lakes

1. Ravines Wine Cellars

Seneca Lake’s rustic winery shows that Finger Lake is amazing when it comes to winery though it is not as famous as Napa. The natural beauty of green vines and Seneca Lake is enough to make grape lovers stay a few days longer, even without minding the wine’s taste.

2. Boundary Breaks

The new winery near Seneca wine trail produces Riesling grapes grown on-site. The grapes are fermented and produced in different forms, from sweet to super dry. Red wine lovers are also taken care of as Boundary has fruit-forward cabernet franc.

3. Vineyard Views

A family-friendly farm characterizes vineyard views. The place has a panorama scene of grapevines and hills that make it look peaceful. Vineyard views have tasting rooms and wine shops. The area has warm weather that encourages day and evening walks.

Hudson Valley Wineries

1. Benmarl Winery

People thinking of upstate visits should consider the benchmark. Benmarl is small-scale production that focuses on producing small types of New York wines. The wines stretch from bacor noir and cabernet place. Benmarl is known for the ship lantern inn that has varieties of winery meals.

2. White Cliff Vineyard and Winery

The winery is named after the white cliffs found in the area, characterized by a tasting room and shady picnic grove. The winery has fruity Vidal Blanc and oak fermented chardonnay. The regular fair price flights make the place more attractive.

3. Mile Estate

Mile estate is a small vineyard of about 98 acres. However, the winery has created a name for itself by participating in the Dutchess county wine trail. Mile estate winery makes plummy merlot and crisp chardonnay.

Brooklyn and Finger Lakes have the best wines. Each winery has a unique way of producing its wine. Wine lovers can visit the area to enjoy the varieties.

Originally published to kevinbrunnock.net.

Online Tools for Real Estate Agents in 2021

The pandemic has led to online business in many fields, including real estate. Real agents are unable to have a physical meeting with their clients due to COVID rules. The good thing is that the pandemic has enabled many people to realize the richness of technology they ignored. Here are some online tools that real estate can utilize.

WiseStamp

The WiseStamp helps real estate agents to design professional signatures for emails. The agent has an alternative to use the available templates. They can also choose to create a template from scratch. Amazingly, the email signatures are compatible with Gmail and Microsoft office outlook. The dashboard enables real estate agents to create branded marketing campaigns.

Propertybase

Propertybase is an ideal tool for a real estate agent. Propertybase has marketing tools such as email, website, and social media. The marketing studio has marketing automation that allows the real estate agent to create branded campaigns and follow-up leads. Furthermore, it has a customer relationship management segment that helps the agent improve the customer experience. Some of the features in Propertybase include managing listing and following up with texts.

Canva

Canva is important for non-tech real estate agents. Canva helps the user to create everything they need for their real estate online marketing. An agent can create stationery, business card, and social media campaigns, which can be modified to meet the agent’s needs. A remarkable thing about Canva is that one can create a graphic design from scratch. Some of the exciting features in the Canva include an extensive template gallery, printable products, and a chance to make the desired design.

Instagram TV

Instagram TV helps the agent to showcase their properties. Instagram is an essential tool because it has more than one billion subscribers. Therefore, the agent gets a chance to address the targeted audience. Agents who use Instagram television have an opportunity to develop their presence and grow their following. The best part is that the agent can share short and long videos about their offer. Therefore, they increase the chance of getting more clients.

Knowing the right tools for real estate agents is essential for their success. WiseStamp, Propertybase Canva, and Instagram have proved to be useful for real estate agents.

Originally published to kevinbrunnock.org.