renovations: RENOVATING A CO-OP? HOW TO GET YOUR PLANS PAST THE BOARD - 07/25/14 03:09 PM
   
Renovations are always a delicate subject in co-op buildings, and if you're hoping to make the process as painless as possible, you'll want to approach your board exactly the right way.
You'll need to sign an alteration agreement, or a contract stating that you'll follow code-related and legal requirements. Most buildings have standard forms to use as a jumping off point, but as Habitat Magazine notes, there are a few key pieces of information you'll want to include in your agreement to stay on your board's good side, and keep your contractor in line while you're at it:
Deadline: This one's obvious, but you can't over-estimate its … (1 comments)

renovations: NO VACANCY: PRO TIPS FOR THE SMALL LANDLORD SEEKING A RENTER - 06/25/14 09:21 AM
 
One of the hardest parts of renting out an apartment is finding a good tenant; these four methods are your best bets
If you're looking to rent out the top floor of your brownstone or sublet your apartment during a posting abroad, you'll no doubt want to find a respectful, financially stable renter.
But where's the best place to lock one down? Take a cue from professional property managers and landlords, who let us know the best ways for smaller owners to locate good tenants.
Post an online ad: The easiest way to reach renters is, not surprisingly, by posting ads on any number … (1 comments)

renovations: Apartment Trends: Value Renovations - 09/20/13 07:38 AM
 
When you look at your renovation budget, you want to spend it in a place that will give you the most value for your money. You want to research the most popular amenities renters are looking for and update your units so you can charge competitive rents. At the same time, rents just aren’t rising as fast as they did in 2012, so your window to raise rents post-renovation is diminishing. So which renovations will give you the most impact? Multifamily Executive’s Apartment Renovation Index (ARI) survey examined how multifamily companies are strategically updating to attract renters and drive rent growth.
According … (0 comments)

renovations: 4 Renovations That Will Devalue Your Home - 01/24/11 02:17 PM
Most homeowners think that all renovations or home improvement project ideas will increase the value of their property. After all, who wouldn't love a super-deluxe kitchen, or a bathroom fancy enough to be in a five-star spa? Sure, we'd all love that. But the problem is that most people don't want to pay extra for someone else's pet project when it comes to buying a home.
 
Homeowners should of course invest in renovations that are going to make them happy and improve quality of life. It is "home" after all! But if you're going to be putting your home on … (1 comments)

renovations: Amid housing slump, home sizes shrink - 11/16/10 11:24 AM
The median American home size has dropped to 2,100 square feet -- down from 2,300 at the peak of the housing boom in 2007 -- according to a study by Trulia.com, a real estate website. Each year, Builder magazine designs a concept home to reflect the current state of the market.  This year, the "Home for the New Economy" is just 1700 square feet.
In part, the downsizing trend is a product of necessity.  During the years of the housing boom, many home expansions were financed through home re-financing deals.  Now that home loans have frozen up, people are less likely … (3 comments)