The Big City Team’s Post

New Yorkers are knowledgeable about the real estate market, especially the differences between condo and co-op living. Understanding these distinctions is crucial before beginning a home search in NYC. Co-ops have strict vetting processes but offer increased financial security for the building, showcasing the unique real estate landscape in the city. Despite being viewed as elitist, co-op boards play a significant role in maintaining property values. Buyers exploring co-ops and condos with a knowledgeable agent have a wider selection to choose from. #NYCRealEstate #CoopVsCondo

Thinking about buying your first condo in Toronto's bustling market? Condo fees can be a mystery, but don't let them be a surprise addition to your budget! 🧐 Picture this: You've spotted the perfect downtown condo. It's got a rooftop terrace, a modern gym, and even a dog park for your furry friend. But then you glance at the condo fees and your head starts spinning. "What includes? How did they even calculate this?" you wonder. Here's your no-stress breakdown: 1. **What are Condo Fees?** Condo fees are your share of the costs to run the building as a whole. They cover maintenance of shared spaces, amenities, and sometimes even utilities. 2. **Calculating Your Fees:** Condo fees are typically based on your unit's square footage. The larger your condo, the more you'll contribute to the shared costs. 3. **What's Included?** Common elements such as gym, pools, and security services. Always check what's included, as this can vary widely between buildings! 4. **Budgeting Tip:** A rule of thumb in Toronto is to budget for about $0.50 to $1.00 per square foot for monthly condo fees. 5. **Reading the Fine Print:** Get a copy of the condo budget and reserve fund study. These documents give insights into the financial health of the condo corporation. Staying informed means no unexpected financial scares. So, empowered with these insights, you're ready to step into your first home hunt like a well-seasoned pro. Curious about which condos have the best-value fees? Thoughts on what you would prefer your condo fees cover? Share below!  👇 And if the Toronto real estate maze feels a bit daunting, remember, guidance is just a message away. Let's find your dream condo together! . . . . . #torontorealestate #torontophoto #torontocondoforsale #condolife #cntower 

In 2023, the most sought-after neighborhood for renting or buying in Manhattan was Midtown East, surpassing popular areas like the West Village and the Upper West Side. Midtown East, encompassing Kips Bay, Turtle Bay, Murray Hill, and Sutton Place, led in online searches, according to StreetEasy data. Despite its proximity to office buildings and a somewhat hidden ambiance, its affordability, especially during a period of high interest rates, made it attractive. The median asking price for properties in Midtown East was $1.05 million, lower than the Manhattan-wide median of $1.6 million. Rental prices in Midtown East were slightly higher than the Manhattan average, with a median of $4,400 per month. However, its location, near workplaces and Grand Central, added to its appeal. This rediscovered interest in Midtown East, a popular area in the mid-20th century, has been consistent since 2022. Other top neighborhoods included the West Village, Greenwich Village, Williamsburg, and Chelsea. Midtown East offered a range of properties for sale, from luxurious penthouses to more affordable prewar co-ops, with the most expensive property being a penthouse at One Beacon Court, listed for nearly $58 million. #MidtownEast #ManhattanRealEstate #NYCNeighborhoods #AffordableLuxury #StreetEasyData #RealEstateTrends2023 #ManhattanLiving #UrbanRediscovery #HistoricNeighborhoods #NewYorkCityHomes https://lnkd.in/eZJstyKs

In January of this year, apartments in San Francisco enjoyed a 95.4% occupancy rate, marking a significant change from previous expectations. A report on market analytics noted that while this achievement wasn't extraordinary, it did prevent the city from experiencing the declining or stagnant occupancy seen in other large markets. Unlike Minneapolis, Detroit, and West Palm Beach, where occupancy either remained steady or decreased, San Francisco experienced a modest increase of 0.4%. The report attributed this resilience partly to a balance between apartment demand and supply in 2023, with demand nearly matching deliveries. Despite population declines and modest job growth, the city's rental market remained surprisingly robust. - - - - - #commercialrealestate #commercialproperty #CommercialLand #commerciallandforsale #warehousespace #officespace #flexspace #industrialspace #sandiegocommercialrealestate #sandiegorealestate #realestate #cre #realtor #realestateagent #realestateinvesting #property #commercial #commercialproperty #realestateinvestor #business #investment #propertymanagement #investmentproperty #residentialrealestate #forsale #retail #entrepreneur #construction #officespace #realestatebrokerage #housingshortage #housing #housingelements #housingmarket #housingcrisis #orangecountyrealestate #orangecounty #orangecountyhomes #latimes #lahousing #losangeleshousing #housingresearch #losangeleshomes #homeaffordability #sandiegohomes #homebuyers #realtors

Rohan discusses how the surge in working from home has made single-family homes more appealing than ever. He explains that for the past ten years or so, builders have mostly been putting up apartment buildings because it's been easier and cheaper than building single-family houses. But now, he thinks there are too many apartments and not enough single-family homes, and we're starting to see the effects of that. He says this change means more folks are looking to buy single-family homes instead of renting, and maybe even moving away from downtown areas. It's definitely an interesting shift. Want to stay up to date with our newest real estate deals? Join here: https://lnkd.in/d4YS94Gk #SingleFamilyHousing #WorkFromHomeTrends #HousingMarketShift

As Toronto's skyline stretches taller with condos, many couples are looking to leap from their high-rise havens to the suburban dream of a house. But how does one ensure their condo investment paves the way to a perfect home in the 'burbs? 🏙️➡️🏡 Let me share what I've learned. First, selling a condo in Toronto isn't just a transaction, it's a strategic move: 1️⃣ Timing is Everything: Understand the market cycles - when to sell might be just as important as what you sell. 2️⃣ Maximize Value: Small upgrades can make a huge difference. Think fresh paint, modern fixtures, and a clutter-free space. 3️⃣ The Art of Listing: It's not just about putting a price tag on your property, it's about storytelling to attract the right buyer. Now, when looking for a house, consider these tips: 🔍 Neighborhood Dynamics: Schools, parks, and local shops contribute greatly to your quality of life, beyond just the home itself. 💼 Commute Considerations: Test the travel to your workplace. The distance from the city can change more than just your address - it can alter your daily routine. 🛠️ Inspection Insights: A detailed home inspection is vital, saving you from unforeseen repairs and ensuring your new home is a haven, not a headache. Remember, it's not just about moving walls, it's about expanding life's stages. For those who’ve made the move, what was your top priority when choosing your new community? . . . . . #UrbanToSuburban #HomeSellingStrategies #TorontoCondos #SuburbanHomes #RealEstateInvestment #HomeUpgradeTips #PropertyStorytelling #NeighborhoodLove #CommuterLife #HomeInspectionEssentials #TorontoHousingMarket #UpgradeYourHome #RealEstateJourney #LifestyleChanges #CommunityLiving #MovingUp #TorontoSuburbs #FindingHome #InvestInLiving #RealEstateInsights #TorontoRealEstate #CondoToHouse #SuburbanDream #RealEstateAdvice

🌆 Capitalizing on DC's Buyer's Market: Explore Urban Condo Investments 🏙️ In a city where history meets opportunity, Washington DC's condo market is buzzing with potential. 📈 With prices favoring buyers and fewer "bidding wars" than you are finding in the suburbs, now is the time to take advantage of the opportunities in the DC marketplace. 💼 💰 Check out our latest blog to learn more about the current DC condo market and take a peek at our Capitol View Condominiums development and find your perfect match. https://lnkd.in/eGMA9snJ #WardmanRE #DCCondoInvesting #CapitolViewCondominiums #HomeownershipDreams #InvestmentOpportunity #UrbanLiving #InvestmentStrategy #HomeBuyingTips

In the bustling heart of Toronto, the dream of owning a little piece of the skyline is shared by many. 🏙️ But when it comes to choosing a condo, it's not just about the sparkling countertops or the stunning view. What's even more important is the long-term value of your new home. Think about it. We check the ratings before buying a phone, don't we? Let's apply that same due diligence when it comes to our homes. Picking the right condo building is the first chapter of a successful real estate story, especially for first-time buyers who are transitioning from renters to proud owners. Here's a quick guide on what to look for: 👷♂️ Quality of Construction: The builder's reputation matters. A robust build means fewer headaches down the line. 📈 Financial Health: How well is the building managed financially? Look for signs of proper reserve funds and low default rates. 🛠️ Maintenance Excellence: A well-maintained building retains its value. Check past maintenance history and management performance. 🌱 Sustainability Features: Buildings that embrace green technologies not only reduce your carbon footprint but can also lead to savings. And remember, a great purchase isn't just about the deal - it's about securing a property that stands the test of time. To my fellow Torontonians seeking to make their first mark on the property ladder, focus not just on the 'now' but also on where your condo will stand in the next decade. Thinking of stepping into homeownership? What's one thing you wish you knew before making that leap? . . . . . #TorontoRealEstate #HomeOwnership #CondoLiving #InvestmentWisdom #RealEstateTips #TorontoRealEstate #HomeOwnership #CondoLiving #InvestmentWisdom #RealEstateTips #TorontoCondos #FirstTimeBuyer #TorontoSkyline #QualityConstruction #FinancialHealth #MaintenanceExcellence #SustainabilityFeatures #PropertyInvestment #TorontoLife #UrbanLiving #DreamHome #FuturePlanning #RealEstateInvesting #CondoLife #HomeBuyerTips

Deciding between a condo and a townhouse? 🏠 From lifestyle considerations to financial implications, find out which option suits your needs best! 💡 https://lnkd.in/g24zvGmf 🌻 First Team Real Estate ⭐️ DRE 02021206

Chicago’s Condo Development Boom Has Ended, No New Large Condos in Chicago? Roughly 2,500 condos have been developed downtown since 2015 as multiple towers were constructed, and about 600 of those units are still available. But the high cost of construction and high interest rates, which are discouraging luxury home sales, have brought large-scale condo construction to an end. Developers do have plans to build more new apartment towers, but there are currently no condos under construction downtown and no plans for new projects. This is because apartment developers can better handle high construction costs because rental units fill up way faster than units actually for sale. Most of the condos built in recent years are ultra-luxury homes, with multi-million-dollar price tags and more than 2,000 square feet. Condos of this caliber are tough sales because the downtown is now attracting fewer upper-income empty nesters from the suburbs. “There won’t be any for the foreseeable future,” said Jonathon Cordell, development director, Central Region, for Lendlease Development, which developed both the Cirrus, a 47-story building that opened in 2022, and The Reed at Southbank, a 41-story tower with both rentals and for-sale homes, which opened last year. #justcallwilliam @ 630-881-8655