ABC of Real Estate
A is for Apartment
Railroads. Alcoves. Solutions.
That windowless room? A great movie den. That tiny second bedroom? Bunkbeds.
No matter the layout, you can make it work. Decide, what are your must-haves? Don’t count out a fabulous place in a hot location just because you always pictured Thanksgiving in a formal dining room and instead find yourself in an open-layout great room. Feel like you don’t have enough imagination to look past your imagined road-blocks? Ask a more creative friend to join you at the open house, or hire an architect to look over the floorplan. Chances are, there is a way you can make the apartment suit your lifestyle or, at least, be the perfect starter home.
B is for Brooklyn
Brownstones. Hipsters. Space.
You thought, “There is no life outside Manhattan.” You realized, “I can’t afford life inside Manhattan.”
Brooklyn offers something for everyone: family friendly neighborhoods, green parks, artisanal food, and hipster enclaves. If you’re looking for a little more elbow room, a community atmosphere, and some of the best public and private schools in the city, Brooklyn’s neighborhoods are worth looking into. Whether it’s an airy loft with a private roof deck, or a gorgeous brownstone with period details, Brooklyn has it all. And although the prices in some parts rival those in Manhattan, the borough offers a range of housing options to fit almost any budget.
C is for Chandelier
Fixtures. Contracts. Compromise.
You found your dream home—fancy new kitchen, gorgeous crown moldings, and the most exquisite vintage chandelier hanging right in the middle of the dining room. It’s your favorite piece in the house.
Sadly, the couple who’s selling the place? It’s their favorite piece too. And they want to take it with them. Sellers and buyers should both be aware that fixtures—any personal property that’s attached to the real estate—normally transfer with the house. But that’s what a contract’s for. Love something too much to leave it behind? Write it in. Want it so bad you’re willing to pay a little extra to get it? Negotiate.
D is for Due Diligence
Inspection. Financials. Board minutes.
You noticed the building’s beautiful façade, the sweet flowers growing on the front stoop, and the fabulous soaker tub in the master bathroom.
But did you notice the mysterious cracks in the ceiling, the shockingly small building reserve fund or the notation in the board minutes that the roof is leaking? While you’re dancing on cloud nine for having found your dream home, take a moment to float back to earth and make sure to get an inspection, check out the building’s financials, and read other documents like the offering plan and board minutes. This way, you’ll know what you’re getting into.