At this Hour: Why do remodeling projects go so over budget so often? Often it is due to the excitement of doing more or of choosing better quality because you are making decisions about fixtures and finishes that you’ll have to live with for years to come. Unfortunately, these costs add up and fast.So, what can you do to contain the rising extra costs? The answer is to create a budget and stick to it. You must at least have a starting point for the amount you would like to spend, because cost over runs happen quickly and can be huge. Also at this Hour:35 Hudson Yards is the tallest residential building in the new Hudson Yards neighborhoods, and its standards are as lofty as its 1,010-foot elevation.The world’s first Equinox Hotel is set to open later this summer.The residential component starts on the 53rd floor to make the most of some of the city's most stunning views.Most recently,22,000 square feet of residential amenities have been unveiled. Why is everyone so amenity crazed?
nile lundgren NYC Real Estate Vlog
Buyer's and Sellers Expectations Right Now
Today on the Show: How do you decide to either renovate or sell your apartment and what are the costs of both? Facing the co-op board process and the eventual interview, what key elements do you need to know? Inventory is at near records but sellers have to be more compelling to sell quickly. What makes and investment property a good rental property? What are some of the contingencies that show up in our real estate deals? Where did all the tax abatements go? And if you have floor to ceiling windows in your new condo, how do you decorate? All that and so much more.
Understanding the New Condo Development Market 2019
We came out of 2018 in reset mode for NYC sales including new condo development sales. The pace of sales has already slowed this year with homes spending more time on market prior to going into contract. More than 20,000 new apartments in New York, both for sale and for rent, will open their doors this year and likely just a fraction will find residents by year end.Sharp pricing and developer incentives seem to be the only way to get these units in contract. Also at this Hour: Hudson Yards has entered the list of most expensive NYC neighborhoods with a median sales price of $3.86 million. Tribeca remains the priciest neighborhood with a median sales price of $4.34 million, but Hudson Yards, the new luxury neighborhood on Manhattan's Far West Side, which opened in March this year, comes in a close second. Other neighborhoods that saw median price increases included Little Italy, Cobble Hill and Prospect Park South, where prices more than doubled year over year. Try LandGlide free for a week by visiting landglide.com/vince