Apartment Aesthetics: Renovations for Apartment Dwellers

Apartment Aesthetics: Renovations for Apartment Dwellers

There are plenty of advantages to apartment living. It’s less expensive, there are few if any expensive home maintenance concerns, and you’re free to move elsewhere at the end of your lease. That said, you sacrifice certain things for that flexibility. You can decorate and renovate to an extent, but it’s not your space to do with as you please. There are restrictions based on the terms of your lease, and breaking them may cost you dearly or, at worst, get you evicted. It may take some research into the details of your lease agreement and possibly a little negotiating with your landlord, but in many cases, you can affordably and easily make changes that will put your special mark on an otherwise humdrum space.

Painting

Painting is the most basic and simplest renovation for apartment dwellers. Some rental companies have restrictions concerning colors or whether you’re allowed to paint at all. A landlord may withhold your security deposit or levy a fee per wall if you don’t repaint over the color you add before moving out. Try to agree with your landlord on a shade that works for both of you so you don’t get charged extra, and ensure the color you select can be easily painted over. If you are granted permission to paint, look to calming, comforting colors like blue and green shades, and avoid reds which can be stress inducing.

Wall Decoration Options

Wallpaper is a more problematic situation than painting over a few walls. If you put up wallpaper only to remove it when your lease is up, you’re creating a lot of work for yourself, and any damage will mean a hit to your bank account. Wallpaper is usually not the best choice for an apartment, but there are wall-decorating alternatives. You can go with removable wallpaper, or vinyl decals that can be removed without damaging the paint. Or, you could get creative with wallpaper by adding the pattern you like to the back of a large frame that can be hung from the wall. And there’s always the option of hanging your favorite artwork throughout the apartment.

The Right Tools

You may have a nice, powerful canister vacuum cleaner and full-sized brooms and mops, but you may need to find cleaning tools that are better-suited to the needs of cleaning an apartment rather than a house. If your intention is to renovate your apartment, you’ll need a versatile vacuum cleaner capable of picking up grime, hair, and dust from small crevices and behind furniture. You’ll need a vacuum with attachments that doesn’t take up much space but which is effective on multiple surfaces, from carpet to hardwood and tile.

Kitchen Creativity

One of the most common drawbacks of apartment living is the lack of kitchen counter space. There’s usually not much you can do to improve the situation, but you can always get a little creative and use your imagination. Add a small, wheeled table that will fit into small spaces and can be removed as needed. Or, look for a narrow sideboard that won’t take up much width but will come in handy if you need to chop an onion or toss a salad but don’t have anymore counter space left for it. When not in use, it could make an attractive decorative element covered with a decorative tablecloth and fresh flowers or pottery.

Creating an apartment living space that’s uniquely yours takes a little creative thinking, but there are many ways to put your stamp on it without getting into hot water with the landlord. If you intend to paint or make other changes to the wall space, always talk to your landlord first and get in writing any agreement you come to that’s beyond the terms of your lease.

Image courtesy of Pixabay.com

Written by: Erin Reynolds of diymama.net | erin@diymama.net

For: Metropolis Apartments| Contact us for all of your NYC Real Estate Needs | www.metropolisapts.com |

The Hayworth | 1289 Lexington Ave

Beautiful, Elegant and Modern Living at the Hayworth on the Upper East Side

The Hayworth is one of the newest condo building and development on the Upper East Side. Built in 2019, it features 61 units which include gorgeous, two-to-five bedroom residences. High Ceilings and Over-sized floor to ceiling windows for optimum sunlight and to maximize your view of New York City’s Skyline.
The Hayworth is conveniently located right above the 4, 5, 6 train lines for an easy commute. The Upper East Side neighborhood is so vibrant and has everything readily accessible such banks, supermarkets, shops, local businesses, restaurants, Central Park, Museum Mile and much more. You will feel right home living at the Hayworth!

All of the residences have gorgeous and open views!

     

BUILDING AMENITIES 

  • Fitness Center equipped with Peloton exercise bikes, cardio, strength and weight equipment.
  • 24-Hour Doorman
  • 16-Hour Concierge
  • Grilling Area
  • Nursery/Playroom
  • Resident’s Club
  • Bicycle Storage
  • Music & Dance Studio
  • Party Room
  • Roof Deck

 

BUILDING POLICIES

  • Pieds-a-Terre Allowed
  • W/D Allowed

 

PET POLICY

Pets Allowed.

FINANCIAL POLICIES

Financing      90%

TRANSIT INFORMATION

  • 86 St (0.04 miles)
  • 86 St (0.22 miles)
  • 96 St (0.45 miles)

 

Metropolis Apartments | Contact us for for all your real estate needs.

Downsizing During Retirement? Avoid These Stressful Mistakes

Think you’re ready to downsize your home? If you haven’t taken the time to plan properly, you could end up making quite a few mistakes. Downsizing can be a complicated and stressful process, and mishaps can make it worse for seniors. So before you start planning your downsizing move, make sure you can avoid these common missteps.

Not Weighing Pros and Cons of Downsizing

Before you start working on any other downsizing step, you need to decide whether downsizing is right for you. Ask yourself some serious questions to make an informed decision, and be sure to weigh any risks against possible benefits. For example, you could sell your home to buy a smaller one, but you may also need to adjust your profit expectations to account for selling expenses. Those expenses can include, but are not limited to, agent commissions, repair costs and staging fees (which average $2,300 to $3,200 nationally) to help your home sell. Of course, you can also save on utilities and rent or a mortgage with a smaller home or apartment, which may outweigh any potential profit losses from selling your old home.

Not Researching Assisted Living Options

Assisted living can be a scary prospect for many seniors, but it really shouldn’t be. This housing option provides seniors with the extra care they need without any major sacrifices in life quality or independence. So before you put a lot of time and effort into finding a smaller home, think about whether local assisted living may be a better fit for your golden years. With the expenses for assisted living centers in New York City ranging from $1,500 to $17,250 per month, you will want to tour facilities and look for a community that can provide your preferred level of care without any excess costs. While cost shouldn’t be your primary consideration, knowing this information can help you plan for expenses more efficiently.

Not Creating a Financial Plan for Retirement

Saving for retirement is a smart move for adults of all ages, but too many people fail to address two questions when creating their financial plan. In order to enjoy the years ahead and afford your downsizing move, you need to know what age you plan to retire (many people aim for 65, but this doesn’t always happen) and whether you will continue to work during retirement. Answering these two questions will allow seniors to plan out their expenses and adjust spending to cover potential downsizing costs, such as new furniture or storage fees.

Not Asking for Help From Experienced Pros

If you have decided to downsize your home, and know you can afford it, then you need to seek out the right professionals to guide you through the process. Before you make any major financial decisions around retirement, you may want the expert advice of a financial planner. In a single consultation, you should be able to figure out whether retiring and downsizing makes financial sense, and how to begin living off of your retirement savings without major sacrifices. Once you have your finances squared away, reach out to an experienced realtor, who can take the stress out of searching for a smaller home and also help you navigate the homebuying process.

Not Beginning Moving Tasks Early Enough

There’s a lot to think about when planning a move, which means the chances for missing important details is pretty high. To avoid this mistake, take care to create a moving checklist that includes minor tasks, like changing your address, as well as major undertakings, like decluttering your belongings. Decluttering can be especially challenging for older adults, so allow yourself enough time to process related changes and emotions. Look online for decluttering tips to make the work a little easier, and don’t be too shy to ask close friends, family members or neighbors to help you, if needed.

Managing a move can be stressful for anyone, including seniors looking to downsize. Make sure your plan will help you avoid common downsizing mistakes, like the ones mentioned above, so you can avoid additional stress and start enjoying your retirement sooner.

Photo Credit: Pixabay

Written by: Suzie Wilson ⎸info@happierhome.net ⎸Happier Home

For: Metropolis Apartments | Contact us for for all your real estate needs.

Buyer Broker in New York City

As a Buyer Broker in New York City Metropolis Apartments will assist our buyer/customers in all aspects of the search and closing aspects of acquiring a property in New York.

As a member of the Real Estate brokerage community for over two decades we are an integral part of a network of over 200 member brokerage companies with thousands of listing agents in New York City, all of whom enjoy mutual co-brokering agreements with METROPOLIS.

Specializing as a Buyer Broker in New York City, the METROPOLIS agent will leave no stone un-turned, tapping data bases and contacts for both off-market and on-market properties. Our goal is to present to our buyer/customers a wide range of potential properties so that an informed choice may be made.

A Listing Broker represents the sellers’ interests. The buyer needs to have knowledgeable and dedicated representation to be sure to get the right property at the right price, without paying too much for the incidentals of the deal.

As Buyer Broker in New York City we our dedicated service includes advice and consultation in the following areas:

  • Whether to buy CO-OP or CONDO.
  • Budget evaluation.
  • Building financials.
  • Attorney referrals.
  • Mortgage Broker referrals.
  • Infrastructure analysis of potential neighborhoods.
  • Negotiation of the deal including price, conditions, improvements, etc.
  • Terms of Sales Contract.
  • Board package preparation, completion and submission.
  • Board interview preparation.
  • Coordination and follow up of all parties to the transaction.
  • Setting of closing date and venue.

WE ARE COMMITTED TO GET YOU THE BEST PROPERTY AT THE BEST PRICE IN THE SHORTEST TIME POSSIBLE.

Metropolis Apartments is a Buyer Broker in New York City.

Closing Costs NYC: Condo vs Co-op Buyer’s Guide 2019

Despite having to pay sky high prices for apartments in New York City, some NYC buyers may not even realize that there are additional closings costs that they haven’t considered. The extra costs can really add up, especially for condos. In this article, you’ll see a comparison of condo vs co-op closing costs NYC buyers pay.
Co-op vs Condo: How much should I expect to pay for buyer closing costs in NYC?

Overall when purchasing a co-op in NYC, buyers should expect to pay about one to two percent of the purchase price, or two to three if the apartment costs more than $1 million. As for condos, expect two to four percent as a safe range, the lower end for properties under a million dollars with small mortgages. New construction can be much higher, in some cases above 5%. You can quickly estimate what you’ll pay with Prevu’s closing costs calculator for buyers.
Why are NYC condo closing costs higher?

It’s a double whammy, condos cost more in price terms and they also have higher real estate closing costs! The reason is that when you are buying a condo with a mortgage you a required to pay a mortgage recording tax and typically required to purchase title insurance. While if you purchase a co-op with a mortgage, you are not. Technically when you are buying a co-op apartment, you are buying shares in the co-op and have a proprietary lease on the apartment. While it may be possible to purchase title insurance for a co-op, most opt not to buy it.

Home Improvements That Will Help Sell Your Apartment on Any Budget

Home Improvements That Will Help See Your House on Any Budget

The last thing any home seller wants is for their apartment to sit on the market for months without a reasonable offer. Unfortunately, that’s exactly what happens to many sellers. Often, the place itself is great — it’s the presentation that’s lacking. Besides setting the right asking price, the best thing buyers can do for a quick sale is to improve their home’s appearance.

The extent of pre-listing home improvements will depend on your apartment’s condition, price range, and local market. If you’re selling a newer, affordably priced apartment in a seller’s market, a few small updates should be plenty to draw buyers in. But if your home is showing its age or you’re selling in an upscale real estate market, expect to spend more to meet buyers’ expectations.

High-End Updates

Buyers in the luxury housing market want a space that’s equipped with amenities not found in the average home. However, if you’ve owned your apartment for several years, features that were state-of-the-art when you bought it might feel dated today. To truly “wow” luxury home buyers, make these changes before you sell.

  • Replace kitchen appliances with professional-quality models in modern finishes.
  • Refinish kitchen cabinets and install new cabinet hardware.
  • Install smart home essentials, including smart thermostats, lights, smoke and CO detectors, and surveillance cameras.
  • Repaint interior walls.
  • Refinish hardwood floors.
  • Update lighting fixtures with contemporary designs, paying special attention to kitchens, bathrooms, and entryways.
  • Rent furniture and artwork for staging; store your belongings offsite.
  • Hire a professional cleaning service, including upholstery and carpet cleaning.

Luxury Defined recommends sellers look around the neighborhood to see which amenities are popular. If every apartment for sale in your price range has granite countertops, yours should as well. But if apartments with spa-like bathrooms aren’t netting a higher price than those without, it’s likely a feature you can skip.

Affordable Improvements

If you’re worried that updating your apartment before selling has to be costly, don’t be. Outside of major work like kitchen or bathroom updates, most sellers don’t have to spend a lot to get their home market-ready. Sellers who want to save on home improvements should shop around for extra savings opportunities. Many home improvement stores have weekly deals and rewards. For example, Lowes coupons or Home Depot weekly deals can help your budget go further. Sellers who take advantage of discounts can easily knock the price of these home improvements to under $100. However, before you commit to DIY, follow Money Talks News’ advice and ensure you have the skills to do the job right.

Then, focus on the following DIY changes:

  • Replace the welcome mat.
  • Buy potted plants to decorate the space.
  • Deep clean and declutter your apartment; store boxes in the basement, or off-site.
  • Organize bookshelves, closets, cabinets, and other storage areas.
  • Rent a steam cleaner to clean carpets.
  • Repair scratches in wood floors and crumbling grout in tile.
  • Remove personal decorations and hang inexpensive framed art prints in their place.
  • Purchase fresh flowers to set out in the kitchen, dining room, and bathrooms before showings.

If you want to sell your apartment quickly, you have to put your best foot forward from the day you list. Give yourself plenty of time to complete these improvements so your place hits the market looking its best. While some motivated sellers may be able to get their home listing-ready in just a couple of weeks, most should plan at least a month for repairs and improvements.

Written by: Suzie Wilson ⎸info@happierhome.net  ⎸Happier Home

Image via Unsplash

For: Metropolis Apartments | Contact us for for all your real estate needs.

6 Reasons Why You Need a Buyer Broker Representative in New York City

6 Reasons Why You Need a Buyer Broker Representative in New York City

Buying a home, condominium, townhouse, or co-op in New York City can be far more challenging than buying a property elsewhere in the United States. The neighborhoods in NYC were established a century ago and have their own unique stamps on the landscape. Hiring a buyer broker representative or buyer’s agent can shorten your search for the right home in NYC. The legal hoops to jump through and the municipal bureaucracy can make buying a home in NYC an exhaustive process without the help of a buyer’s agent.

1.  Local Expert

A buyer’s agent has thorough knowledge of the neighborhoods in the five boroughs of Queens, Manhattan, Staten Island, Brooklyn, and the Bronx. The agent will know about availability, comps, and comparable market values. Want to know which neighborhood is best for families? How about the neighborhood closest to the most popular restaurants and social scenes for singles? The buyer’s agent will be able to tell you all of this and more.

2.  Buyer’s Advocate

When you hire a buyer’s agent, that person is on your side from day one until closing. They work on your behalf, not the seller’s. It’s important to have an agent on your side to advocate for your best interests. This most likely is one of the biggest financial investments of your lifetime, so you would not want to go it alone.

 

Real estate negotiation is an art in and of itself. Trying to negotiate the purchase of a home on your own can cost you thousands of dollars in lost profits. If you’re concerned about paying a buyer agent’s commission, not to worry. The buyer does not pay the buyer’s agent commission, so their services are free to you. The seller’s agent pays the buyer agent’s commission.

3.  Financing Options

A buyer’s agent is aware of all the financing options available in New York City, so they can help you decide what type of mortgage is best or direct you to the best mortgage experts in the city.

4.  Comps

A buyer’s agent should be able to “show you the comps.” Comps is short for comparable sales. It refers to properties similar in size and amenities located in the same neighborhood and seeing how they compare in price with the home you wish to buy. This helps when planning a bid for the house. You wouldn’t want to overbid and lose the home to another buyer.

5.  An Eye for Trouble

A buyer broker representative or buyer’s agent has an eye for spotting problems. Your buyer’s agent has seen many problems occur in the purchasing of homes, so they want to save you from buying a home riddled with future repairs.

Many properties in NYC date back to the 1800s. These antique properties are treasures, but they can also harbor costly and even deadly problems such as asbestos, lead paint, broken sills and foundations. Also, electrical systems from the old days sometimes are unable to work with the new technologies of today. Old knob and tube wiring in old homes can create problems when trying to obtain homeowners insurance. You would not be aware of that if you didn’t have a buyer’s agent to warn you. Buyer’s agents save their clients thousands every day. Other problems that can be spotted by the buyer’s agent are: ungrounded outlets, lack of energy efficiency, pests, roof issues, and potential mold issues.

 

A buyer’s agent should attend the home inspection and take notes. If they don’t, then you need a new one. METROPOLIS APARTMENTS’ agents always attend the home inspection and ask plenty of questions so there aren’t any hidden maintenance surprises for the buyer.

6.  Real Estate Contracts

Real estate contracts can be complex and full of surprises if you are unfamiliar with them. A buyer’s agent knows all about real estate contracts and can recognize problems or issues that may burden the buyer. Contingencies such as a purchase offer as well as important deadlines need to be considered before signing a real estate contract. Your buyer’s agent should have extensive knowledge of these.

 

METROPOLIS APARTMENTS has a team of buyer’s agents well-versed in real estate contract law. We can answer any questions you may have about real estate contracts and the home buying process.

 

Whichever agency you choose, always ask who the agent represents. They must by law have you sign a disclosure form, confirming that you know who they represent in the real estate process (buyer or seller). You will want a buyer’s agent who represents you exclusively, not both you and the seller. That is called dual agency where the agent represents both parties, which is not in the best interest of the buyer.

 

This is the largest investment you’ll make in your lifetime, so why try to handle it alone? A buyer’s agent will be your advocate and can filter the emotional aspects out of the process for you. Often buyers get caught up in the dream of buying a specific type of property and then overlook problems in the home’s structure or in the contract. A buyer’s agent can help you in all aspects of the real estate transaction, and best of all their services are free of charge. The seller pays the commission for both the buyer’s agent and listing agent.

 

METROPOLIS APARTMENTS can help you every step of the way and negotiate the purchase of your next home in New York City. Email us at info@metropolisapts.com to start your home search.

 

 

Buyer Broker in New York City