How To Bring The Danish Art of Hygge Into Your Home

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Hygge is taking the world by storm, so one needs to ask: what is it in this Danish art of living that we have been missing all this time in the rest of the world? In essence, hygge is a philosophy of simple, happy, relaxed, and comfortable living. Today, it is a list of things, recipes, or arts and crafts that should make you happier. If you genuinely want to bring the Danish art of hygge into your home, go beyond the superficial. You might discover that you already live by the hygge model without even knowing it.

The idea of hygge in your home

The concept isn't new, nor is it truly unknown to most. It just involves a collection of different things for each one of us. With that in mind, what is hygge for the Danish may not apply to you or your home. Take, for instance, a fireplace. Northern Europeans might find it invaluable and a frequently utilized home asset.

On the other hand, it doesn't make sense in a year-round warm Florida home. Instead, a Floridian who wishes to unwind next to the calming firelight will more likely enjoy a relaxing soak in a candle-lit bathroom. And this idea of contrast is precisely at the core of hygge. There is no rest without work nor hygge without effort.

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Embracing the personal touch

It doesn't surprise that hygge incorporates mostly minimalistic design ideas as they imply lightness and purity. However, it adds to this basis, warming the home and making it more personal. In this sense, it distances slightly from the minimalistic design. Hygge is not about less but simple.

While it may seem that pieces of furniture should serve solely a practical purpose, it is not the case. Hygge welcomes the vintage, the memories, the story behind an object, and emotional investment. In principle, hygge is nourishing the spirit of well-being and living the best possible life. That life is quite often not led alone but in harmony with others and oneself.

Let go of the purposeless

Taking pleasure in your living quarters requires you to actually spend time in your home. It is not unusual that people spend endless hours and funds decorating and redecorating following current trends, but never sit back and enjoy their work. It is this moment when people get comfortable after a long day and relax in their sanctuary that is at the core of hygge. But to make your surroundings relaxing, you need to clear away the surplus. As advised by New Leaf Moving Group experts, self-storage becomes an ally in the efforts of making a home more hyggelig.

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Taking the clutter out is the first step toward making your living space truly livable. Shopping temptations are everywhere and often difficult to resist. They eventually lead to homes turned into warehouses, ones that keep people focused on meaningless things instead of nourishing experiences, especially the hygge feelings of calmness, satisfaction, coziness, and safety. The best way to live the art of hygge is to let go of things that don't have any practical, aesthetic, or emotional value.

Colors and lights that inspire wellness

Even though hygge promotes warm and cozy tones, the colors you choose shouldn't be generic. Once again, the accent is on the colors that naturally bring you comfort and invite you to relax. It doesn't come as a surprise that precisely hues found in nature best stimulate the hygge lifestyle. Consider the warm, natural color trends for 2021, as one of these palettes may be exactly what makes you feel comfortable in your surroundings.

Another important home asset hygge relies upon is lighting. On the one hand, there is the need to bring in as much natural light as possible; it is imperative in a cold and dark Danish landscape. In other parts of the world, it is more about balance and providing the just right amount of light, one that improves your mood.

On the other hand, in the evening, the emphasis should be on the soothing lights. Dim the ambient lighting to set the atmosphere that makes you feel cozy. Use accent lighting to put the focus on paintings or heirlooms that are important to you, or enjoy a favorite book with warm task lighting. It is vital that you feel comfortable; the price of the lamp is irrelevant.

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Living by the art of hygge

Why is it essential to understand hygge as a concept instead of a checklist for a happy lifestyle? If you're, for example, making a significant change and leaving Florida and starting over in New York, you won't need to stress about your new habits, new home, new acquaintances, and most likely new furniture and way of life. Live by the hygge philosophy, and you won't overburden yourself with the unimportant.

Your once favorite pastime may change in the new surroundings. Hobbies you used to enjoy or found comfortable are likely to evolve. And that is alright with hygge. It is not about the rigidity in home style or habits, but the opposite. Simply, once you overgrow your shell, find another you'll feel happy, cozy, and safe within. While the concept is not focused on self-discovery, knowing what you like and enjoy doing at home helps you achieve it more easily. Finding time to relax may be challenging, but it is attainable.

Nurture nature in your hyggelig home

Add air purifying indoor plants to your space, not only to accent your interior decor but also to improve your home's air quality. The benefits to your lifestyle will be apparent soon. What better way to lead a healthy and happy hygge life than improving your sleep, removing allergens, and reducing anxiety.

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2021 Outlook: What to Expect for the New York City Real Estate Market

With the arrival of 2021 comes new predictions for the year ahead. It goes without saying, New York City faced a very tough 2020 as a result of the Coronavirus pandemic. The real estate market came to a near halt of in-person showings and activity was ceased from March-late June. 

While many Media Outlets wrote of the mass exodus to the Suburbs and a bleak state of the Luxury Market in New York, the market actually turned a corner once in-person activity resumed in late June. In fact, some weeks of 2020 had higher contract activity in luxury properties than 2019. 

People will always need a place to call home, and we saw the power of that throughout much of 2020.

We are all entering 2021 with  guarded, yet hopeful optimism that we will turn a corner towards normalcy. We expect the market to continue its Pandemic recovery, barring any unforeseen circumstances of a large resurgence of cases, etc. The arrival of the vaccine which is expected to become more widely available as we progress into 2021 should help curb another lockdown.

What Do We Expect for 2021? We largely expect persistent demand from Buyers as the narrative shifts away from “New York is Gone” to a narrative of opportunity and recovery. We’ve already seen that the story the Media tried to paint of NYC in a post-pandemic world was not the reality. Some folks that originally left the city have already returned or have plans to return in the near future. New Yorkers and those in the surrounding areas are betting on New York Real estate and taking advantage of discounts in a big way.

Fight of the Boroughs:

We anticipate the battle between top Borough in the city to remain heated in 2021. As a result of the Pandemic features like  more space,  outdoor space, and  in-unit laundry became priorities. All of these features could be found in Brooklyn which help contribute to the borough’s post pandemic spike in activity, however, reduce pricing has made Manhattan more affordable to more people…which will win?

Buyers Will Continue their Return:

Buyers have been entering the market since the lockdown was lifted. We saw a strong uptick in market activity in June 2020 when in-person showings resumed. The year finished on a strong note, and we expect Buyers that  are serious and  know they are staying in  New York  City to take advantage. There are many factors that are driving Buyers including low interest  rates  as well as increased wealth. Many New Yorkers of means actually saw an increase in wealth during 2020 thanks to a sharp rise in Tech Stocks as well as the ability to retain employment remotely.

Low Rates Here to Stay:

We expect Mortgage Rates to stay low in 2021. Will they may inch up slightly throughout the course of 2021 (we saw numerous record lows set in 2020!), rates will remain historically at low levels. Low Rates have drastically been increasing purchasing power of both new Buyers and Homeowners looking to roll their equity into a larger home.

Deals on New Development:

The Manhattan  Luxury Condo market has been overburdened with Supply for the past few years. While some Developers have been rolling out discounts and incentives in 2019/2020, we expect discounts on new inventory to uptick. Developers are at the mercy of project financing - they need to get units sold and move onto the next project so they can pay their lenders. This means great opportunities for Buyers of New Development.

Shifting Preferences:

What ranks as important to Buyers will likely shift as Consumers continue  to  evolve their needs and wants coming out of the pandemic. We know that the multi-functional homes are a must and people now prefer outdoor space to the latest appliances, but we expect that these preferences will continue to be refined heading into  2021. In New York, there is likely to be a resurgence with  Boutique buildings with  minimal amounts of units compared to  large buildings with hundreds of homes.

6 Things That Can Hurt Your Property Value

When you want to sell your property, you hope that everyone will see its value, just as you do. You might believe that all you need is some home fragrance to make your home smell fresh and lovely and a bit of tidying up. However, you should know that certain things can hurt your property’s value, or at minimum, not help to show its full value to prospective Buyers. While you might not even be aware of them, they can have a significant impact on the price of your property. To get the best deal when the time for sale comes, make sure you are familiar with the things that can bring down your home's price tag, and work to minimize them in your home.

Unpleasant smells can hurt your property value

Offensive smells leave a lasting impression and can decrease the value of your property. It might be the pet odor, mold, or cigarette smoke. Keep in mind that strong home fragrances might mask the odor, but they might also signal that something is wrong with the home. The safest way is to remove the source of the smell and thoroughly clean your house. Dusting and vacuuming regularly will help, as well as wiping down and disinfecting the bathroom and kitchen. You can consider hiring professional cleaning services to take care of your home before you decide to open your door to potential buyers.

Renovations not executed properly

Many homeowners decide to do significant renovations for the purpose of increasing property value. They might choose to build a deck or remodel a kitchen, but it might not have the desired effect. The first reason for this is that they're not really skilled enough to undertake a major DIY remodeling project. Another reason is that the repairs are, although executed properly, maybe too personalized or unappealing.

The way to avoid this is to hire professionals to undertake this kind of project. But before that, check out what real estate agents recommend. After you find a trustworthy advisor, you might realize that some of your ideas wouldn't really increase the value of your NYC property, as you initially thought.

Contact a real estate agent and ask for their opinion. They can offer you a lot of help during the process of selling your property. With their knowledge of the NYC market, they can provide invaluable information on what is currently hot on the market. If you take the agents' advice, you have a better chance of getting a higher price for your property.

Excessive clutter

Excessive clutter can hurt property value, and every home has accumulated unnecessary items
throughout the years. While you stop noticing them after a while, a potential buyer might get the
impression that your home is cluttered.

Decluttering is not hard; it just takes some of your time. A professional decorator or organizer
can take care of this, and as a result, you will add value to your home. You can donate, sell, or
throw away any unnecessary items.

Kitsch design

The minimalist design is perhaps, the best way to go. Avoid personalized decoration and quirky wallpapers. You want the buyers to be able to picture themselves living there, which might be challenging if your style is present in every room. An excellent way to deal with all those sentimental and personal mementos would be to rent a temporary storage unit and place them there until you have sold your home.

Poor maintenance of the exterior

Remember that the exterior is the first thing on your home that potential buyers see. If the paint is peeling, cracked, or faded, the buyers will not get a good impression. It's also a bad idea to paint your home in bold colors; stick with neutral and more popular colors, such as white, gray, cream, or beige.

An unattractive yard

It makes sense that an unattractive yard is one of the things that can hurt your property value. While a yard that's in bad condition might repel buyers, landscaping can prevent this. However, keep in mind that trees that are too close to the house can negatively affect your property's price as well, as they might present a potential danger in the buyers' eyes.

Take care of the things you can

Prices of property fluctuate as a result of many different factors, and it's essential to know the things that can devalue it. Some of these things will be absolutely out of control, like the neighborhood, interest rates, market conditions, and the economy. However, some of the factors are absolutely in your control, so there's no reason not to take care of them.

We Can Help You Bring Your Home to Market with Our Exclusive Compass Concierge Service

Compass Concierge will assist you with the execution of a tailored plan for updating and staging your home for prospective buyers. We will front the costs associated with home-selling improvements and collect a fee for the services rendered at the time of the property’s closing. House preparation services include staging, painting, deep cleaning, landscaping, and decluttering.

 How It Works

• Our team will develop a tailored project plan with suggested home improvements and updates to prepare your home for the market.

• You will contract directly with home improvement service providers.

• Compass Concierge will pay the associated cost for home improvement work performed subject to your agreements with home service providers.

• At the closing of the property, Compass Concierge will collect a fee that covers the cost of the work performed.

 This is just scratching the surface of what this exclusive service can offer our clients. Additionally, while Compass Concierge helps Sellers, there are also ways that this program can help Buyers as well.

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2020 Holiday Tipping Guide

The Holiday Season has officially kicked off. With Black Friday and Thanksgiving over, holiday decorations are going up across town. With the arrival of the Holiday Season comes the question on the mind of many - “How Much Should I Tip?”

While some traditions will be put on hold, other traditions synonymous with the Holiday Season will continue, one of which is Holiday Tipping. 

One could argue that Tipping is even more important this year than ever before - it has been a challenging year for all, and for those that are fortunate and have the ability to tip those that have helped throughout the Pandemic, this is the year to do so.

Building staff in Residential New York City buildings have been essential to all residents through the COVID-19 pandemic. Building Staff have been responsible for increased cleaning protocols, receiving and managing an exponential increase in deliveries, and checking in on vacant apartments for residents that have escaped to second homes.

We’ve adjusted our annual tipping guide to account for 2020 - some of the individuals that are key in a typical year such as your Manicurist may not have played a role in 2020 because of the Pandemic. Additionally, if you are considering giving more this year to your valued Building Staff and are concerned they will expect this amount in future years, consider stating in your note with the tip how grateful you are for all they’ve done during this challenging year to set expectations. 

Our friends at Brick Underground publish a go-to holiday tipping guide, which has been circulating since 2013. We condensed it, and put our take on what is appropriate as you budget for your holiday tipping. Remember, these are simply guidelines. There are many factors that can influence the tipping decision such as the size of the building (a larger staff equates to smaller individual tips), level of service, seniority, and time in building. Additionally, owning versus renting in a building can play a big factor as well.

Of course, if you live in a building with a part-time doorman, virtual doorman, or no staff at all, the below levels could be adjusted downward.

Renters: Tips do not have to equate to the dollar amount you are paying each month for rent. If you receive a lot of packages, have a stroller that is carried in and out of the building, etc., factor this into your tip. 

It is recommended that you tip in cash. Doorman, Concierge, Supers, etc. all of bills to pay like you and I- they are not looking for fruit cakes, cookies, or homemade gifts at the holidays!

Many buildings have organized drop off locations for your tips so you can safely give to your Building Staff rather than direct contact due to public health guidelines.

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Tipping Guidelines

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Super: $150-$200
Doorman/Concierge: $100-$150
Package Room: $50-$75 per individual*
Housekeeper: 1 Week Salary
Dog Walker: 1 Week Salary
Garage Attendant: $50-$100
Personal Trainer: $100*
Personal Assistant: 1 Week Salary
Hairdresser: $75-100*

*In the era of Coronavirus, it is important to remember the people fielding all those orders you are placing and the sheer volume of orders they are now receiving, just for you alone. We recommend tipping Package Room staff more than previous years. In most buildings it will be the package room employees, however, Doormen/Concierge are likely fielding these requests after hours.

Additionally, if someone such as a Trainer has moved to a Virtual Model and you continued to use their service, we recommend continuing to tip these individuals.

When: Most building staff will prefer to receive their tips in early December so they can plan their own holiday spending accordingly. Tips account for a large part of building staff’s anticipated income at this time of year.

This guide was presented in 2018 and has been re-shared to include updated information

Green Living Tips You Can Practice at Home

If you have decided to shift toward an environmentally friendly lifestyle, you are on the right path to improving your health and overall quality of life. Green living protects our environment and ecosystem, and it's also a significant boost to the world around you. Now it's the right time to not only incorporate fall décor in your home but also to start thinking green in the long run. You can apply the following green living tips anywhere in the world. They're easily achievable and don't break the bank.

Save Energy

One of the first steps you may take to reduce your lifestyle's impact on the planet is to reduce the amount of energy usage in your home. Besides making your home greener, saving energy has real and tangible benefits in your life, and it can save you a lot of money. Whether you own or rent your home, these improvements are cost-effective and wise to make.

Follow these energy-saving green living tips

Energy-saving home improvements you should consider will include the following:

• Use only low energy light bulbs- they use ¼ electricity compared to traditional bulbs while they last approximately ten times longer.

• Turn off your appliances when they are not in use (computers, audio, and video equipment, and kitchen appliances use electricity even on standby mode, so better switch them off completely).

• Unplug your charger when your phone, tablet, or laptop is fully charged to conserve power (and extend your battery life!).

• Lower your thermostats- reduce the temperature on your heating systems thermostats by a few degrees to reduce the amount of energy and money spent on heating.

• Wash your clothes at low temperatures- most of the energy used in laundry washing is used to heat the water, so opt for lower temperatures whenever possible.

• Air dry your laundry instead of tumble dry. Dry them naturally on the washing line or drying rack to avoid using a large amount of electricity.

Save Water

Fresh and clean water doesn't miraculously appear out of your faucet when you turn on the tap. It takes infrastructure and electricity to get to you, meaning it's a resource you should consume carefully. You can reduce your water consumption in myriad ways, such as:

• Use short cycles for washing clothes - choose the "eco wash" option on modern washing machines.

• Ensure there are no leaks in your plumbing system - it prevents unnecessary water wastage.

• Take shorter showers - don't take long hot showers because they are a real luxury.

• When brushing your teeth, don't leave the eater running - it's a habit that can save gallons of water.

Reducing the amount of water usage in your home is one of the main green living tips

Avoid bottled water

Avoid bottled water when possible. It's not only expensive and inefficient, but it also produces large amounts of plastic waste. Use a refillable water bottle and tap water instead. You can use a water filter to purify tap water.

Ditch plastic

Plastic bags are harmful to the environment. A vast amount of plastic waste ends up outside of landfills - in our fields, forests, rivers, and oceans. One of the most critical green living tips is to use eco-friendly bags, such as paper bags. Recycle any old plastic bags that you find at your home.

Don't stop at bags. Bring your coffee mug to your favorite coffee place, bring a reusable metal straw instead of plastic ones, store your food in glass containers instead of plastic ones, etc.When you start paying attention, you'll begin to see how dependent we've become on plastic, but also in what ways we can get rid of it.

Eco-friendly solution to declutter your home

There is an eco-friendly solution for almost everything in your home and your life. If you are moving to another place or just want to get rid of the clutter that minimizes your free space, this can easily be done in an eco-friendly way - consider green storage solutions. Act smart and invest in recyclable moving boxes and reuse your cardboard boxes. There are many ways to pack your items in a green way. One of the new ones is using seaweed packaging. Ask your green storage provider about them.

Grow your food and herbs

There are so many reasons to grow plants in your home. Some indoor plants can improve your air quality. Other plants have decorative and aesthetic value, but why stop there? You can also grow food in your kitchen or garden. It will save you money, give you a great understanding of food production, and put you in touch with nature. If you have a garden, you have the opportunity to plant and nurture a whole vegetable patch.

If you don't have a lot of time or a backyard, try something simpler, such as potted herbs. Transform your outdoor space into a green oasis with a little bit of imagination and creativity.

Try to grow potted herbs in your home; it doesn't take a lot of time.

Homemade cleaning products

Many modern household cleaning products are expensive, and they are very often harmful to the environment. As a great green alternative - try making some yourself. Homemade cleaning products are environmentally friendly and safe. You’ll need ingredients such as baking soda, lemon, vinegar, soap flakes, and cornstarch to make them. You can find a bunch of tutorials online.

If you don't have spare time to make cleaning products, switch to environmentally friendly options instead. Find products that are natural and sustainable with plant-based ingredients. They will not leave chemical residue behind, and they are biodegradable.

Educate others about green living

If you live with a roommate, you can easily apply all of the techniques mentioned above together, with a little time, effort, and not too many costs. It's important to live with someone who shares the same values. If your roommate doesn't know enough about green living, try to educate them, help them recycle, and live an environmentally conscious life. Help them start with small steps and then increase the inclusion of green tips in their lifestyle.

Every small step matters

There are many more ways to incorporate green living tips into your everyday life. For example, remember to cut down on fuel whenever you can. Instead of driving a car, be active- walk or ride a bicycle (or use public transport for further travel) when possible. Whenever you can choose organic products, use second-hand clothes, use recycled paper, share and borrow things instead of compulsive buying. Try to repurpose your household items, collect rainwater, and use it to water your plants. Reuse things, donate them… the list is endless. Every small step counts. If we all make a small change for a better, healthier, and greener planet today, it adds up and makes a massive difference on our way forward to a better future.

5 Easy Ways to Incorporate Fall in Your Home Decor

Transitioning your home from season to season and adding decorative touches that pay homage to the season throughout your home does not have to be hard. We’re sharing 5 easy tips to add hints of Fall throughout your home.

The Fall season is all about warmth and natural elements. The best part about the latter is it does not have to be expensive! Adding fall to your home is easier than you may think.

Use Seasonal Flowers

Just because Spring is gone does not mean you cannot have fresh flowers in the home for the season. In fact, gorgeous arrangements can be made for your home as you decorate this fall.

Consider antique hydrangeas - their neutral and warm colors are the perfect compliment to your fall tables capes and decor. 

If you are a fan of some brighter tones, the unofficial flower of the fall season is the Mum! They come in a variety of colors from white to bright orange, and are the perfect compliment next to pumpkins and gourds.

Seasonal Fruits and Vegetables

An easy way to give your home a touch of fall is to use seasonal fruits and vegetables you will likely have in your kitchen any way. Place seasonal items like apples, gourds, and figs in a decorative serving bowl on your table or credenza. It is an inexpensive way to bring the Fall season inside.

Natural Elements are Key

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The Fall season is about rustic, warm elements, most of which pay homage to nature. Similar to incorporating seasonal fruits and vegetables into your decor, add in natural elements such as branches and leaves to your decor. These are great items to mix into to a fall tablescape. If the real thing is not for you, consider using faux branches and leaf decor to add the must-have fall touch.

Scatter Pumpkins Throughout the Home

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Nothing says Fall quite like pumpkins! Pumpkins come in a variety of sizes and hues and will add a fall touch to nearly any room in your home. For a more luxe, monochromatic look, considering using white and pale pumpkins in your fall decorating. Place pumpkins in your tables cape, on your mantel, countertops, and end tables…they are so versatile!

Decorative Throws in Fall Hues

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When of the most refreshing things about the Fall season in the chill in the air that begins to creep in by late October and November. Who does not love curling up by the fire place and binge watching your favorite show? Throws are the perfect decorative accessory to add in your living room, den, and places of relaxation! Look for seasonal color palettes such as burnt oranges, red, and maroons, Patterns such as Plaid and Tartan are perfect to transition into the winter season.

Moving in the Era of Coronavirus - Tips for a Stress-free Move

Coronavirus is arguably the most significant health hazard humanity has faced since the first half of the 20th century. Having that in mind, it is easy to understand why many people have been postponing or even cancelling any engagements that require social interactions. As we all have learned how to adapt to the New Normal, we have seen success in doing many activities that were previously thought to be unsafe at the beginning of the pandemic being accomplished safely.

Moving is consistently ranked as one of the most stressful life events, let alone with the backdrop of Coronavirus. However, moving house in the era of Coronavirus safely and stress-free is possible with some tweaks and changes to the already well-known moving process.

Is Moving in the era of Coronavirus even possible?

The answer is yes. Most moving services and companies are operating under modified rules and regulations. This in itself should be stress-relieving, but make sure to hire a reliable mover that takes you and your loved ones' wellbeing seriously. Do not shy away from asking questions, and make sure you and your moving company are on the same page at all times! Feeling like you are in the safe hands of a responsible moving company will put your mind at ease.

Are in-person showings happening at this time?

The first step of any move is finding your new home. This, however, might seem intimidating during the pandemic, since it requires close contact with a real estate agent, and in some cases, even other potential buyers. It is good to know that open houses are happening – New York City resumed in-person real estate activity in late June, with safety procedures and recommendations in place for safe showings.

A meeting with a real estate agent doesn't have to pose a threat if you follow the Coronavirus health regulations.

Is it possible to rent a moving truck?

Moving truck rentals are considered essential businesses, just like any other transportation service. Most, if not all, larger rental businesses are still operating, so there are many options at your disposal. Be prepared for some changes as to how the business operates, such as over-the-phone or online reservations. Once again, don't be afraid to ask whatever interests you, and make sure you choose a company you feel most comfortable with.

What about the storage services?

Most notable storage companies still provide services at this time. Storage services are an essential part of the moving process. Often, there are too many items to move, and you cannot do it all at once. That's where storage services come in handy. However, moving costs can run pretty high, not even including unplanned expenses. Luckily, storage is not one of the things where you necessarily have to break the bank. There are even ways you can have your storage needs taken care of free of charge!

Is moving during Covid-19 pandemic advisable?

With the property safety procedures and adherence to CDC guidelines followed by all parties involved, moving can be accomplished. Additionally, some moves cannot be postponed, whether for professional, economic, or personal reasons, some moves must take place for individuals. To avoid stress, only hire responsible companies with which you feel comfortable.

Remember do always do what makes you feel most comfortable and safe – your agent should not be pressuring you to make any rapid decisions. We are here to advise you and ensure your real estate transaction is as successful as possible to meet your goals.

Staying healthy during a move

The biggest concern during the Covid-19 pandemic is staying healthy. Continually thinking about the rampaging virus presents can be extremely stressful in itself. The not-so-small moving stress can quickly add up on top of that, and then the stress levels can become overwhelming. Fortunately, many moving companies have employed a safer way to operate during the pandemic. Even so, there are things you can do to ensure your health and wellbeing when relocating during the Coronavirus pandemic.

Social distancing

Minimizing the amount of direct social contact is arguably the best way to stay safe during a move. Moving companies are now offering virtual surveys to provide estimates, instead of in-home ones. This means that your move doesn't have to start with the stress of people visiting your home during these trying times.

Another way to make sure you stay healthy during your move is by keeping a safe distance when in contact with people. The recommended safe distance you should maintain at all times is at least 6 feet.

Wear a mask

This is where unity and mutual care come into play. Standard surgical masks are designed to keep things in, and not out. Since there are many symptomless people, wearing a mask will ensure that you don't infect other people if you are infected. So wearing a mask is not only for yourself but for others too. Being mindful and empathetic during hard times is of great importance.

Wearing a mask not only protects you, but others too.

 Thorough cleaning

So far, non-living surfaces do not seem to play as big of a role in Coronavirus transmission as thought at the beginning of the pandemic. However, sanitizing the surfaces that many people come in contact is a recommended best practice and precaution. Using alcohol or any other cleaning product will ensure all possible transmission risks from a particular surface are eliminated. Make sure to use all cleaning products as instructed on the product itself.

Additionally, washing and sanitizing your hands is extremely important. The WHO advises washing your hands thoroughly with soap whenever possible. Also, always make sure to have a hand sanitizer with at least 70% alcohol on you. Lower alcohol content hand sanitizers don't appear to be as effective. So wash your hands whenever possible, and sanitize your hands whenever you feel it is necessary.

No touching

The virus reaching your mucous membranes is how you get infected by Covid-19. That's why one of the best ways to ensure you remain healthy is to avoid touching your eyes, mouth, or face in general. If you need to, make sure to wash your hands well with warm water and soap beforehand. Wearing latex gloves and removing them beforehand can also be helpful.

Take care of yourself

Moving can be stressful and draining, especially during already stressful times. Lack of proper sleep, nutrition, and high anxiety can take a toll on your immune system, making you susceptible to illness. While it is essential to have your moving budget decided in advance and find a home before taking the leap, make sure you take proper care of yourself and occasionally take time off to relax and have fun.

It does not have to be anything outrageous; there are many fun things to do at home during the pandemic. This might mean planning in advance, starting early, or switching things around occasionally. However, health is the most important thing, and as such, should be preserved. Make sure to eat both enough and well, get at least 6 to 8 hours of sleep, get some light exercise, and make time to de-stress and indulge.

Taking care of your mind, as well as your body, is crucial. If you're feeling optimistic and content, everything seems like smooth sailing, no matter what is happening in reality. Thinking about the upsides of the move or simply getting yourself excited over your new living space can help you feel happier and more optimistic. Research color trends for 2021, patterns that are in style for your new living room, or maybe even technological advancements you could implement in your new home.

Keep your mind occupied by planning your new home.

So should I be moving house during the era of Coronavirus?

We’ve been battling the virus for slightly less than a year. Since the beginning, we have all learned a great deal about the virus. And even though there's still so much to learn, we know enough so that we can protect ourselves effectively against the virus. Proactively working on staying healthy, making well-thought-out choices, in combination with positivity and active de-stressing, will make moving house in the are of Coronavirus that much more bearable.

What Do Low Interest Rates Through 2023 Mean for Real Estate?

The Fed signaled in its September policy meeting that it will the federal fund rate in the 0-0.25 percent rage, with the expectation that rates will remain near zero until 2023.

This decision by the Fed did not come as a surprise as some decisions in the recent past given the impact of the Pandemic and the need to sustain liquidity in financial markets. The language from the Fed indicating a direction until at least 2023 does give investors expectations for the next few years, and was a welcome relief for the real estate industry. 

The Fed will continue to buy mortgage-backed securities

The Fed has vowed it will continue to purchase mortgage-backed securities in an effort to ensure that banks keep lending during the downturn. 

This additional liquidity has allowed Mortgage companies to continue to lend money during the pandemic, at what has been a record pace for both refinancing and originations. 

Mortgage Rates Likely to Remain at Historic Lows 

The Fed’s Bond Buying has been instrumental to low mortgage rates. Because of their commitment to continued buying of mortgage-backed securities (number 1), it is likely that mortgage rates will remain at historic lows for the near term. While it not a guarantee, the Fed’s influence on the Bond market has been instrumental, and mortgage rates are most influenced by the bond market.

Existing Homeowners have Low Rates for Home Equity Lines of Credit (HELOC)

Equity has been on the rise thanks to increasing home prices. With increased equity, and the desire for access to affordable financing, many have turned to HELOCs.

The cost of HELOCs are currently affordable and will likely remain low as they tend to adjust fairly quickly to changes in the federal funds rate. Those that have balances on their HELOC will continue to enjoy low interest expenses.

Overall, low rates are a positive for the real estate market. We have already seen the impact of pent up demand from Buyers during the market with record mortgage origination numbers, and reduced time on market coupled with multiple offer scenarios.

Paint Color Trends for 2021 from Sherwin-Williams

We have all spent increased time in our homes since March. In that time spent at home, some have been making updates and improvements. In the spirit of home improvement, we’ve been following design trends. Sherwin-Williams is expected to announce their Color of the Year for 2021 this month. 

Whether you are looking to update a room or give your home a facelift to bring it to market, a fresh coat of paint can do wonders to your home. Ahead of the official announcement, Sherwin-Williams has selected 4 color palettes for its ColorMix Forecast. Sherwin-Williams selected these palettes as an expansion upon their 2020 selections with 2021 being a continuation of “what the future holds” as we adapt to the New Normal. 

What are the colors you can likely expect to see in 2021?

Palette: Sanctuary

Sanctuary is about Nature’s ability to cultivate wellness and calm, now more than ever. We have all been trying to spend time outdoors, and the sanctuary palette brings that indoors. This palette is defined by warm neutrals and natural tones.

Colors include moss greens, clay, grey, and beige

Palette: Continuum

The inspiration for the Continuum palette was drawn from how technology and smart living blends into our daily lives since the pandemic started. With many working from home, the impact of technology is more important than ever.

Hues in Continuum include Cyberspace, Crushed Ice, Lemon Fresco, and Novel Lilac

Palette: Encounter

The Encounter palette is about the storied heirlooms many of us have throughout our homes. It is a modern boho aesthetic characterized by rich earthy tones.

Hues in the Encounter palette include Java, Reddened Earth, Tarnished Trumpet, and Naval Blue.

Palette: Tapestry

Tapestry is a palette for those looking to brighten their home beyond neutrals. Tapestry is about creative expression and joy. This palette is filled with vibrant and bold hues such as Jaipur Pink, Cape Verde, Enjoyable Yellow, and Perfect Periwinkle

Images via Sherwin-Williams

What is a Co-Op and Why are They in Demand?

If you follow our newsletter, blog, and other content, you’ve likely seen us mention condos leading the board for demand over the past few years…what about co-ops? 

Many are unfamiliar with the different property types in New York City, most notably condos and co-ops. There is a seemingly endless debate of pros and cons of both, but there is a new interest in co-ops emerging as a result of the pandemic. 

To set the stage what is a Co-Op?

A Co-Op, short for Cooperative, is an ownership interest in shares of a corporation that own the cooperative. The number of shares owned is directly correlated to the size of the apartment in the building. These shares entitle the shareholder to a proprietary lease on the unit.

To contrast, a Condo represents ownership in real property so there is a big distinction in ownership interest between the property types. 

As a Co-Op owner, you are responsible for monthly maintenance fees which typically includes property taxes as well as items such as the building’s mortgage and interest, insurance, management fees, building employee salaries, and common area upkeep.

Co-Op Appeal Increases During Uncertainty

With Condos being the leading star for many years, what is making Co-Ops appeal to more Buyers than usual? The pandemic has actually positioned aspects of Co-Ops that previously put Buyers off as a positive amidst uncertainty. 

Co-Ops are notorious for their strict vetting process and Boards. In times of uncertainty, this becomes attractive to Buyers. Co-Ops typically examine a Buyers credentials and finances with a fine tooth comb, ensuring they have enough liquidity to continue to pay their mortgage and maintenance charges despite and unforeseen circumstance. 

In hard times, you are less likely to find a Co-Op owner that passed the Buildings Board vetting to be defaulting on a mortgage. In turn, that means less risk of assessments and hits to the building’s financials. 

Some Co-Ops are loosen their once very strict rules as Buyer demographics are shifting. This includes some allowing pied-a-terre purchases as well as increased financing limits.  

This trend is not new, in fact, we saw a similar attraction to Co-Ops during the Great Recessions of 2008. It is important to note that there are Co-Op buildings that have survived the Great Depression, World Wars, and 9/11 - some of the toughest times economically.

Upper East Side Co-Op On the Market

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315 East 72nd Street, 10C

Located in the heart of the Upper East Side, this rarely available oversized one bedroom 1 bathroom co-op apartment is your chance to live on beautiful East 72nd Street. This fully renovated, bright and airy apartment is a great value in a full-service co-op building.

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