You may have heard some people say it’s better to rent than buy a home right now. But, even today, many good reasons exist to become a homeowner. One of them is that owning a home is typically viewed as an excellent long-term investment that helps your net worth grow over time. Homeownership Builds Wealth Regardless of Income Level You may be surprised Continue Reading
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to consider the long-term benefits of homeownership when deciding. Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’ll Continue Reading
Key Take Aways The gap between selling and buying can be stressful. If you’re considering selling your house, explore all your options for your next home. Both newly built homes, including new development and existing homes offer plenty of unique benefits. Rent Back Options may be an option. One of the most convenient housing options while you wait to move Continue Reading
Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning homeownership. Should I still buy a home this year? While this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision. Homeownership Long-term Benefits: Equity and Continue Reading
New York City Guidelines Board NYC Rent Guideline Board sets a cap on how much a landlord may increase your rent annually. In June of 2022, the board set a 3.25% increase for one-year lease agreements and a 5% increase for a two-year lease agreement. This rental increase applies to all leases signed between October 2022 to September 2023. This means that if your current rent were Continue Reading
Featured in Apartment Therapy "What is a Leasehold"? By Gina Vaynshteyn's article: What is Leasehold A leasehold is when a person is leasing a property actually owned by someone else for an extended period of time, treating it as their home. Someone with a leasehold can’t execute the kinds of actions a freeholder can, like selling the house or transferring ownership of it. Leasehold Continue Reading
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