4 Reasons Why Today is Not a Housing Bubble Like 2006

Headlines about the rapid pace of home price appreciation and stories of bidding wars on every property have many worried that a housing bubble could be brewing. Are we heading for the 2006 housing crash all over again? No!

Today’s market looks quite different than 2006 thanks to stricter lending rules and the underlying fundamentals that are driving pricing.

1. Supply and Demand

There has been a shift in Supply and Demand dynamics that contributed to home price increases. Millennials and younger generations are reaching the point of wanting to buy versus rent, and this was only accelerated by aspects of the pandemic such as spending more time at home and having the ability to save more money by being home. Increased desire for homeownership from these groups coupled with older buyers looking to trade up has resulted in a surge in demand.

Additionally, homebuilders are much more prudent about the volume of homes they are bringing to market today as a result of the last housing cycle. Most of the nation is experiencing a supply shortage, especially at lower price levels.

These 2 dynamics created a mismatch in supply and demand that accelerated home price appreciation. 2006 was characterized by overbuilding and Sellers rushing to list their homes - we are not seeing that today.

2. Interest Rates are Low

Interest rates are the lowest they have ever been. During the height of COVID, we saw mortgage rates continue to set record lows. These ultra-low rates have helped fuel price increases as Buyers can afford more house when rates are lower as a result of lower monthly mortgage payments.

There are concerns over rising interest rates. Yes, we expect rates to rise, but they are still going to be low compared to decades of the past. The Fed would have to raise rates very drastically to really halt all the demand.

Even when we think of rising rates, it is important to remember there is a duality at play. To a certain level, increasing home prices as a result of low interest rates and a less expensive purchase price at a higher interest rate make a Buyer indifferent.

Prudent Buyers understand that the longer they wait, the more price appreciation they will miss out on as well as face the risk of financing at a higher rate.

3. Demand will Persist

There continues to be incredibly large amount of demand because of a supply shortage. In fact, data from a report released by the National Associations of Realtors suggests that there is a shortage of nearly 5.5-6 million homes which equates to roughly $2 trillion waiting to be spent when using a national median selling price of $375,000.

4. Speculative Lending is not Present

The market is not driven by speculative lending as it was in 2006. In fact, it is quite the opposite. Lenders now need to follow strict guidelines that were put in place as a result of the Great Recession, and today’s borrowers are creditworthy. Additionally, more risky products such as adjustable rate mortgages represent just 5% of total purchase and refinance loans compared to nearly 35% at the peak of 2006.

How to Design a Home that Reflects Your Lifestyle

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If you've recently acquired a brand-new property, you've probably already got a picture of what you would like it to look like. But have you ever stopped to think whether your idea would count towards being practical? If you are like most people looking to design a home, the answer is probably ''no''. Chances are you have focused on aesthetics rather than functionality.

While there is no definition of a perfect home, if we had to define it, it would be a place that perfectly complements one's lifestyle. A place that makes us feel utterly comfortable. One we feel drawn to even when we are hundreds of miles away. Designing your unique living space isn't as hard as it seems. And no, it doesn't take an interior designer to call the process a success. The questions we have prepared will help you design a home that completely reflects your lifestyle. With that in mind, let's dive deeper to see what they are and answer them along the way!

Are You Someone Who Likes Hosting Get-Togethers?

If so, you should pay special attention to the layout. Open floor plans work best since they allow more people to be present in the same room simultaneously. In addition, your guests would also have an easier time navigating the place with such a layout. Of course, not everyone likes the company of others at all times. For those who prefer being alone, dedicate an area you'll turn into an intimate spot that they can enjoy. Essentially, you want to make your guests feel at home. That's why it's essential to stay clear of furniture and decorations that appear too formal. If possible, connect the place with a balcony or the garden, allowing people to wander if and when they please.

Are You an Introvert?

Yes? Well, then you'll appreciate the presence of a more serene setting. Design a home that features personal touches that appeal to you, considering you'll be spending most of your time here. If you like reading, a comfy nook may be just what you need! To further enrich the space, incorporate a bookshelf into the area as well.

To make sure you feel comfortable in your new home, work towards cozying it up - top to bottom. An easy way to do this is to equip the living room with a grand sofa you'll spend plenty of evenings on. Improve the air quality through the introduction of plants and flowers, and cover the walls with artwork. Scented candles can only further liven up the area, so think about bringing them to the place, too.

Plants and Artwork help make you feel right at home. via

Does Your Work Take Place at Home?

If you spend plenty of time conducting business remotely, make sure the final design features a home office. With a space dedicated solely to work, you'll have an easier time focusing on individual tasks. You'll finally be able to enjoy some peace and quiet without anyone interrupting you every so often. Not to mention your back, which will surely thank you for replacing that dreadful coffee table and a stool for an actual desk and a chair.

If you work remotely, chances are your business will benefit from the addition of a home office

Do You Share Your Home with Elderly or Small Children?

The way you design a home depends mainly on whether you live with adults, the elderly, or kids. If you share your house with the last two, you want to take extra measures to ensure they remain safe. Cover the sharp edges of your furniture with specialty covers to prevent the little ones from sustaining injuries. Also, don't forget about baby-proofing the power sockets! As for the elders, you can install a special seat in the shower for them. Additionally, place mats on floors that feel even remotely slippery to avoid potential slip-and-fall accidents.

Does Religion Play a Huge Role in Your Life?

If the answer is ''yes'', you'll possibly want to create a space that lets you fully commit to your beliefs. Praying is part of many religions, and in some, requires a secluded area. If the current layout allows you to create one, great! If not, perhaps you'll have to turn to renovating to accomplish that.

While you deal with remodeling, you'll certainly need a temporary solution for your possessions in terms of storage. Valet storage could prove the right one. It's cheaper than the standard options and ideal when looking to store fewer items for a short period of time.

Are There Any Colors You Prefer?

Maybe there's a color or two that you are keen on. If so, you'll want to include it when you design a home - your home! You may be tempted to follow the latest color trends, but it might be better to listen to your gut here. Of course, that doesn't mean you should paint your entire house red, inside out, if that's your favorite hue! If anything, that will only make it appear overwhelming. You are encouraged to use any vibrant color you wish, but it's highly recommended you tone it down a bit with neutral shades. Experiment with different tones by holding the color charts one next to the other. If, when combined, they appeal to you and feel right, they probably are!

Conclusion

There are many things you want to consider when looking to design a home that reflects your lifestyle. Of course, as we age, our lives change. But so should our homes! Don't be afraid of mixing things up! Adapt your living space based on your preferences at the time. Only by doing that can you be at peace and feel like that is where you truly belong.

Best Indoor Plants for Luxury Apartments

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Although often overlooked, plants play an essential part in designing the perfect luxury apartment. In fact, plants are instrumental to creating a living space that is homely and chic at the same time. Luxury apartments that do not have plants often seem cold, pretentious, and uninviting. So, not only do indoor plants improve the air quality of your home, but they also improve the overall aesthetical cohesion and appeal of the place.

Why are plants important for our living space?

Interestingly, plants and humans live in a symbiotic relationship. This means that plants keep us alive as much as we keep them alive. This is especially true when it comes to indoor plants. Not only do they use up the carbon dioxide we produce while breathing, but we also plant, water, and fertilize them. In return, they give us oxygen, which improves our health, mood, attention, and sleep. Not to mention they make our living space look refined and luscious on top of healthy and pleasant! 

Hence, if your plan is to update your apartment by, for example, designing a cozy reading nook  know a few plants you should opt for to make your space feel luxurious. 

Some indoor plants can improve your health and your interior decor via

Jade Pothos Totem

What better way to evoke luxury and extravaganza in your apartment than by ‘junglefying’ it? Planting this potted cutie will help you set the stage for your tropical oasis even despite the fact you might be living in a skyscraper in Manhattan. 

Apart from having a gloriously chic name, this plant is also very easy to take care of. Its appearance is lovely and apartment-friendly due to the fact it has a vertical pattern of growth. This means you will be able to fit it almost anywhere you need to add a little bit of life. 

 It’s a great corner plant - it never overgrows into width, so it never looks out of place. What’s more, its tall, slender shape and large leaves complement hardwood floors and shelving astoundingly well.

White Philodendron Cordatum

Also great for keeping the integrity of your interior decor, the White Philodendron does not grow too big. It has a very peculiar but sleek appearance as it has green leaves with big white specks. And if you thought that this plant couldn’t get any better, you thought wrong. It is incredibly low-maintenance despite its unique, sophisticated look. 

Any upscale apartment with suave, contemporary design can benefit from having this plant because the white parts of the leaves perfectly complement the white and neutral colors of furniture and interior decor. 

Bird of Paradise

This plant is perfect for homeowners who like both green plants and plants that grow flowers. The leaves and flowers have a unique avian growth pattern, which is why some people consider it ‘plant royalty’. Hence, this plant can act as a great centerpiece for a well-designed guest bedroom. Why, you ask?

The flowers resemble an orange bird’s beak surrounded by green ‘plumage’, a characteristic to which this plant owes its name. The foliage resembles a banana tree but is much more alluring because of the potential to grow mesmerizing flowers. 

The Bird of Paradise grows luscious ‘blood-orange’ flowers. Via

Together with the dark green of the leaves, which contrasts amazingly with white and off-white, these show-stopping flowers are going to give your apartment that dash of unassuming taste and luxury. However, in order to grow, they need humidity and frequent exposure to the sun. 

This means you might have to make compromises and store away some of your old or excess furniture to make way for this large, slightly tricky, but very rewarding plant. A moving and storage company such as TB Moving & Storage NYC can help you with this mission. 

Chinese Fan Palm 

Plants can help you liven up and reinterpret a reduced, angular architectural style. When they are young, these plants’ size can be compared to a smaller bush. It takes about a decade for them to be classified as trees. 

Chinese Fan Palms are great for retaining your apartment’s sleek, tasteful vibe while adding a dash of exoticism. This plant’s frond (fan-like leaf) is interesting because it has a fountain-like growth pattern. In other words, its leaves spread to form a fan that falls at the edges, strongly resembling water flowing from a fountain. 

Yet, a word of caution before you proudly position this extravagant plant into your living space. Chinese Fan Palms require a lot of exposure to daylight. This means that you might have to remove furniture in places where light can reach your plants. 

Their interesting fan-like shape makes them one of the best indoor plants for luxury apartments. via

Since Manhattan luxury apartments are still not as big as townhouses, you should consult your interior designer about the most optimal placement of furniture to achieve this. If, however, your space isn’t big enough for all of your belongings and this gentle giant, you might even want to consider moving to a slightly more spacious and more luxurious apartment. Manhattan offers various options when it comes to reputable moving companies, so all you will have to worry about is finding the perfect spot for your plants. 

Common Fig

Do not let the name confuse you - fig trees are one of the best indoor plants for luxury apartments. What makes them an outstanding addition to your living room or balcony is their cultural status. Namely, the shape of their leaves is world famous because of the Biblical story of Adam and Eve. It was a fig leaf that obscured Adam’s intimates! This makes this tree not only a beautiful and bountiful addition to your indoor garden (you can eat the figs in early summer) but also a living, breathing cultural artifact! 

Tips for Buying a House Remotely

Many industries have efficiently adapted to remotely conducting business, and real estate is one of them! Buying a house remotely can be very convenient as it can save valuable time. Buying a home virtually has become more common than you may think. No matter where you may be right now or what you’re looking for in a house, there’s a procedure you can follow to conduct the transaction virtually. Video conferencing, virtual tours, and walkthroughs along with wire transfers and e-signatures made the process of buying a house from afar simpler and easier than ever. If you want to use that advantage, here are a few tips on how to buy a house remotely.

Find an experienced local agent

When you’re buying a house remotely, an experienced real estate agent is your best asset. An agent who knows and understands the local market and the current situation with property values should be your guide for:

• Home browsing

• Virtual showings

• Home inspections

• Virtual closing 

You can find a good agent through a referral from a trusted person, such as a family member, friend, or colleague.

Did you know? We are your experts on the ground in New York City, we can connect you with the best agents Nationwide thanks to our extensive network of Compass Agents. No matter where you are looking to purchase your next property, let us guide you in the right direction.

Determine what you want

Find a local agent with good referrals and experience in remote sales.

It’s crucial to know what you want and what you do not want when purchasing a home. So, be clear when you make a wish list and discuss it with your real estate agent. Define your must-haves and nice-to-haves, and you’ll significantly narrow down the choice of properties. Clarify your preferences around:

• Location

• Home size

• Property type

• Home condition

• Amenities, such as smart home technology features, energy-efficient appliances, etc.

Also, make sure to mention what your dealbreakers are. Be very direct when explaining what you’re looking for in a home, so your agent can understand your priorities and preferences and find only homes worth pursuing and those that match your criteria.

Understand the market

Buying a house remotely doesn’t mean you don’t need to be competitive. The main thing you need to check with your real estate agent is whether the market you’re considering buying a house in is a buyer’s market or a seller’s market. There is an extensive inventory of available homes and fewer buyers looking at them in a buyer’s market. If that’s the case, you will have more flexibility and more time to learn about a property before deciding if you want to put in a bid. On the other hand, there are seller’s markets, where there is more competition, and the inventory of homes is much smaller. That means that buyers need to act fast if they’re really interested in sealing the deal.

When you're buying a house remotely you need to understand the local market and current real estate trends.

Tour homes virtually

Your agent should schedule a virtual showing for the properties that you like. Use the video call as an opportunity to see the house up close, pay attention to details and ask any important questions that you might have. Even though touring a property over a screen isn’t the same as being there, it’s still very valuable. It can even be a make-or-break factor. That’s why you need to ensure that you’re not working with the wrong real estate agent, but a reliable one whose opinion you’ll trust. It’s also essential to establish clear and easy communication with them. They will help you decide whether a particular property is a good fit or not.

Make an offer

Once you find a house that speaks to you, you can move on to paperwork. Luckily, all steps of making, adjusting, and accepting an offer can be done remotely. We handle all the aspects of submitting your offering, helping you negotiate the best deal possible knowing

Have a home inspection

A home inspection is always a good idea, especially when buying remotely. A qualified home inspector will check the specifics of a property and find out if there are any significant issues. Your real estate agent can attend the inspection with you on a video call. The inspector and agent are there to work on your behalf, so you don’t have to deal with any unwelcome surprises after closing the purchase.

Appraise and close easily

You and your agent don’t need to be present for the appraisal. When it comes to the closing, digital signatures are as valid as physical ones. You can sign all closing documents virtually, and they will all be legitimate. Closings are done online in many cases, so you being far away won’t make any difference.

E-signatures have made the home buying process much easier.

Relocate to your new home stress-free

When you’ve gone through all previous steps, it’s finally time to organize a relocation to your new home. It would help if you decluttered your former home before you even start packing. Don’t bring any broken, damaged, or rarely used items into your new home to avoid creating a mess right away. To pack your belongings quickly and easily, you can contact Capital City Bins NYC. That’s where you’ll find quality moving bins as well as other moving supplies that will help you pack in no time. Then you need to organize a transfer of your belongings and your trip to the new home.

Organize your new space like a pro

Once you and your items safely arrive at the new house, it’s time for unpacking, decorating, and making your new place look and feel like home. That process requires some time but, in the end, it will all be worth it.

Store your items wisely

Everybody’s goal is to live in a highly functional, organized, tidy, and cozy home. To reach that ideal, it’s crucial to use every inch of space. If you’re creative, there are many ways to create hidden storage or multifunctional storage areas. It’s always a good idea to use shelves, storage bins, sofa storage, spaces under the bed, etc. If there’s no clutter lying around, your home will look tidy from the very start, and that will positively affect your mood.

Final thoughts

When you know what to expect and what steps to take, buying a house remotely isn’t complicated at all, especially when you have a reliable real estate agent by your side.

Get your remote home search started by partnering with us!

5 Reasons You Should Use Compass Concierge

5 Reasons You Should Be Using Compass Concierge

In today’s fast-paced market, making sure your property stands out in the best light possible is a must. If you are considering listing your home, but renovations have been making you re-consider, we’re happy to offer our Clients exclusive access to Compass Concierge services. This game-changing programs allows us to help our Clients maximize the value of their home on the market.

1. Maximize the value of your home

Easily increase the market value of your home and sell for a higher price.

2. Show your home in its best light.

From painting to flooring, Concierge services can help your home look its best before hitting the market.

5. Compass Concierge is hassle free

From assessing which updates will increase your home’s value the most, to recommending the best vendors for the job, you’ll have my complete guidance and assurance at every step.

3. Sell your home faster.

Concierge helps you attract more buyers so that you can sell your home quickly. 

4. No upfront costs or interest.

Funds will be advanced to you for home improvement services. When your home sells, you’ll pay the costs of services rendered and nothing more. 

Contact us today to learn more about how Compass Concierge can help you make the most of your sale!

How to Create a Cozy Reading Nook

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Curling up and cracking open a favorite read for hours on end is any book lover’s elixir: it cures, nurtures and preserves. From science fiction, thrillers, and romance novels, to even putting on a mud mask and working through your stack of magazines, reading is a perfect way to slow down, relax and de-stress. Then why not create a cozy reading nook you deserve, and make your beloved pastime that much more enjoyable?

A few essentials are all it takes. In reality, cozy reading nooks are a cinch to build since their anatomy is very simple. All you need is a nice quiet corner, somewhere to sit, good lighting, and a few accessories to make your reading space comfy and functional. The trick, however, is to think about what makes you feel happy and soothed and then incorporate those elements into your reading nook. Below you’ll find some ideas to help get your juices flowing.

Pinpoint a nook for literature and coziness

People generally snatch their reading time wherever they can. But the couches can mean distractions, the desks can remind you of deadlines and productivity, and the beds? Forget it. You’ll doze off after a page. It is generally important to have a space designated for certain activities. Anything works, from a little window seat overlooking your garden, a hall closet you don’t need, or an awkward corner you haven’t got a clue what to do with. The key, however, is to have a special space that is tidy, well-lit, and without any distractions will get you right into your reading zone.

Don’t get carried away, though, thinking that you need much more space. It’s just a matter of being comfortable and incorporating a few extra details that define the space as dedicated to reading. If you’re just about to start looking for a new place to call home, think ahead about the spot that would be perfect to create a cozy reading nook. Then, dive right into it after you’ve moved in.

Leave some table space

Make your reading experience much more comfortable by giving yourself a little side table. Let’s face it: you can’t very well hold a cup of coffee and turn pages at the same time. Plus, you’ll need a spot to place your reading essentials, such as your glasses. Take notes from the stylish nook below - a small end table is functional while a coat of fresh white paint helps to further brighten the space. All it took to warm things up was a a soft yellow fabric on the window seat, a nice throw blanket, and some indoor greenery.

via Get yourself a little side table for maximum convenience.

Illumination to perfection

Lighting plays a significant role not only in functionality but in defining the place as well. If you are looking for an easy and convenient way to light up your lovely reading nook, slim floor lamps are a popular choice among homeowners. Moreover, these elegant delights come in various styles, and sometimes with flexible arms, which you can easily adjust for more focused lighting. Ultra-slim minimal lighting fixtures are excellent space-savers, whereas sconce lighting or pendant lights can turn any space into a smart reading nook.

Of course, you can always turn to natural light. When it comes to reading, a window can beat any artificial lighting every time. Take a look at this window seat. With a sole throw pillow that adds a pop of color and a scented candle for the ambiance, it is ripe for reading.

via The best light for reading is natural light.

Construct a built-in bench

Consider a built-in to make use of that awkward corner of your home that lingers under a slanted ceiling. What was once wasted space in your home is now a beautiful book nook with a daybed-sized built-in that lifts to provide tons of hidden storage space for your personal library, magazines, reading essentials, and blankets. Of course, if you live in an NYC apartment, checking with the local building department is a must. Unlike for some simple repairs, you’ll need to have permits and other similar paperwork handled before committing to any major renovation project.

Layer up

Speaking of cozy, pillows and throws are the formula. Steal a couple for your reading chair from the couch or the bed – the more, the better. The princess and the pea will not have anything on you and all of your layers of coziness. Moreover, this is a great way to add a splash of color to the area, especially if the walls of your reading room are neutral. Get creative and go crazy with textures and hues to brighten up the space. Oh, and don’t forget a nice area rug to keep warm under your feet while doing your favorite winter activity.

via Layers of fluff are key if you wish to create a cozy reading nook.

Get a chair that supports your body

Be it for hours or fifteen minutes, whenever you start turning pages, your body should be properly supported by the right chair. Down-filled, oversized armchairs are one of the favorites among those whose goal is to seriously cozy up with a new read. Lounge chairs wonderfully support your back, but if it takes more space than you can spare, go for a stylish wing chair, and snag a matching ottoman to put your feet up for a cozy bonus.

Sneak in some book storage

Any avid reader needs space to store all those volumes. So why not go with wall-to-wall bookshelves? Surrounding yourself with books yields both maximum convenience and that Beauty and the Beast vibe. If you don’t have a lot of space to work with, consider flanking your reading corner with a built-in bookshelf or some floating shelves to display your tomes.

via No reading nook is complete without a bookshelf.

If this still isn’t enough space, and you’re seriously thinking about decluttering books – we feel your pain! Book hoarding, however, can produce clutter, which is often a significant source of stress. And a relaxing reading nook is always tidy and organized. KonMari and the Crew are only a couple of the methods you can use to downsize your books, and if it so happens that you’re moving away, this is the perfect time to do some decluttering. If you hire a packing service, your movers can assist you if you need help packing unnecessary items. Then, you can start afresh when you move into your new home with a collection of well-loved books that are the source of joy and inspiration – not stress.

Add a personal touch

When you start to create a cozy reading nook, never forget to give it some character. Stop here, take a breath, and think it over. What makes you happy and soothed? Maybe it’s incorporating some sentimental items such as a photograph of your family or a beautiful piece of artwork your friend had painted for you. Perhaps it’s your college diploma or your favorite quote framed and hanging on your wall. Or maybe a few of your houseplants you love to take care of. Anything that is special and unique to you can give your space a personal touch.

6 Tips for Designing an Inviting Guest Bedroom

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Guest bedrooms - they tend to be a somewhat forgotten space that end up with lackluster style. Furnished with bare essentials only, a bed and a nightstand, they rarely look cozy and inviting. And it's no wonder people don't pay much attention to that one extra room they don't use that often. With a bed to sleep on and four walls to protect their privacy, occasional guests have everything they need. However, there is no need to neglect that additional space in your home. Designing an inviting guest bedroom doesn't have to cost a fortune. Moreover, it won't demand any remodeling. All you need is a few ideas, a bit of will, and some time.

With our six tips, the spare guest bedroom that nobody enters unless necessary will quickly transform and be in harmony with the rest of your home. Besides, if you love having guests over, why not show them that? With an inviting guest bedroom, you will make them feel welcome and at home.

Start with the right colors

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Nothing sets the tone better than the overall color scheme in a room. Going with neutral tones is never a wrong choice for any room in your home. Soft cream and champagne colors will add warmth to the room and make it look elegant. Moreover, such tones will not limit the options for the rest of your decor. For example, you can experiment with some cushions and bedding and add accent colors with these elements.

Alternatively, a guest bedroom is the one space where you can let your imagination go wild and experiment. So, instead of simple neutral colors, you can opt for bold, eccentric tones. Of course, this will only work if you don't intend to make this room harmonious with the rest of the house. And if you lack ideas, you can always check what the latest paint color trends are.

Go for a clutter-free design and minimal furniture

Sometimes, people treat the guest bedroom as an extra storage space in their home. Also, because this is the room where they want to spend the least money possible, they don't pay much attention to what they put in it. So, a few old cupboards, ornaments you don't like that much, and other clutter end up there. The result is a messy-looking and tacky room.

Moreover, how can a guest feel welcome in a room filled up with all sorts of clutter? Therefore, get rid of everything you don't like and stick to a minimalist design that is easy to maintain. Still, keep in mind that your guest will need more than just a bed in their room. They will also get ready in there, maybe do some reading, or even work a little. Therefore, you need to include a nightstand, a desk (if there is enough space), a chair or two, and a mirror.

Provide enough storage

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Sometimes, your guests will stay with you longer than a day. Imagine your friend has just moved to New York City but still hasn't managed to find a suitable apartment for rent. And you offer to put them up until they find the right part of the city, which, given how big NYC is, may take a bit. In that case, they will need some space for their clothes and other essentials. Thus, it would be nice to provide them with enough storage space to keep their belongings.

Even if there is not enough space in the guest bedroom for an ample wardrobe or cupboards, you can get creative and go vertical. You can never go wrong with a few shelves and some hangers. Enough storage for your guests to put away their things will make a world of difference regarding how comfortable they feel.

Designing an inviting guest bedroom means including some of the comforts of a home

Besides the necessary storage, an inviting guest bedroom should have a few more luxuries that a place like home can provide. For instance, a comfortable and good-quality mattress is a must. After all, you don't want your guests to wake up sore and tired. As a good host, you want them to relax and have some rest. And if you're going to guarantee a good night's sleep for your guests, make sure you invest in some quality pillows as well. You can also add some decorative curtains to make the room look warm and cozy. And of course, enough soft towels and maybe a bathrobe will add that touch of luxury and make your guest feel like they are in a hotel.

Be careful, though. All that pampering could perhaps make your buddy postpone finding an apartment and picking a moving company on Best Movers NYC to get them out of your hair. 

Never underestimate the power of good lighting

As with everything else in this room, try to keep lighting simple. All you need is a simple pendant light and two bedside lamps. The choice of the lamps, however, is where you can let your creative side shine. They can serve as a statement piece in the room. In general, lamps are always an excellent way to decorate a room, and they add a unique feel to it. They also add to the coziness and warmth of the room. But, whatever you do, steer clear of harsh lighting and colorful bulbs because they can cause discomfort. You want to keep things as simple as possible. Essentially, you want to apply the Danish art of Hygge to the design of your guest bedroom.

Make your guest bedroom a multipurpose room

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There is no need for this extra space to sit empty most of the time. If you can use this room for an additional purpose, it may even provide you with some motivation to invest more time and energy in decorating it. Moreover, your guests may also need to use this room for something other than sleeping. For instance, due to the global pandemic, many people have had to switch to work from home. A home office would be beneficial to have, and you can also assume that some of your guests would need to use it.

So, a desk accompanied by a comfortable chair and a desk lamp would be welcome additions when designing an inviting guest bedroom. Given that we spend most of our time isolated in our homes at the moment, it's nice to have a guest to break the routine and bring some excitement back. Thus, if you provide them with everything they need and make them feel welcome with a room that shows you want them to stay with you, they might decide to prolong their visit.

7 Things to do Before You Move Into Your New Home

There is a lot to plan, organize, consider], and do when you are moving into a new home. When people think about moving steps, packing and unpacking are the first major items that come to mind. However, there are many more things you need to consider if you want a stress-free move. Here is the list of 7 things to do before you move into your new home. Read on for what you need to know, add these things to your timeline and start crossing things off your before-moving checklist.

1: Transfer Utilities

Before you move into your new home and get comfortable, you'll need to set up your utilities, such as water, gas, electricity, cable, internet, and telephone. Depending on the neighborhood you are moving to, you may be able to choose utility providers, but sometimes you cannot. Even though utility companies are usually timely about activation, make sure to notify them of your move-in date as soon as you can. A few weeks before moving is the best time to do it. If you contact the internet and cable provider 2-3 weeks in advance, you may get the appointment slot that is most convenient for you. Also, make sure to contact your security system provider and schedule an installation date after your move.

2: Update Your Address

Your address is connected to so many aspects of your everyday life. That's why updating your address is one of the essential things to do before you move into your new home, no matter if you are buying or renting. Plan to forward your mail so that you do not miss important bills, letters, or packages. Then, update your subscriptions and loyalty programs, inform banks and credit card providers, your insurance provider, etc. Depending on the location you are moving into, you may need to update your residential address for your driver's license, permit, and vehicle registration. This varies from state to state, so you need to check if updating records is necessary and what the deadline is to do it. Some states will allow you to report your new address online without going to the DMV.

3: Arrange Some Time Off From Work

A pre-move period is stressful, but once you move to your new home, there will be much to do as well. Within the first few days of your relocation, you will need to unpack a ton of boxes. You'll also be waiting on deliveries, some repairs, and installations. Maybe you'll want to add some upgrades right away, invest in smart home technology and decorate your new home per your liking. That's why you should notify your employer that you'll be moving and ask for some days off from work. When you have ample time to coordinate all appointments, everything will be much easier, and once you're back in the office, you'll be more relaxed.

If you can’t take more than 48h off from work for your post-move period, make sure that you plan and schedule everything accordingly. If you organize well, even that can be enough for you to settle down.

To avoid burnout, notify your employer that you’ll be moving and ask for some days off from work. via

4: Declutter Before You Move Into Your New Home

Before you start packing, you should get your home organized and declutter whatever you can. Set aside items you will not need any more in your new home. You can either sell, recycle or donate those items, and surely there will be stuff that you can get rid of right away. Less stuff to move means less stressful and less expensive relocation. Don't bring excess furniture and a sea of boxes with you because you don't want a mess from the start. Then, when you adjust to your new place, you'll decide if you miss anything crucial for a comfortable living, and you will be able to invest in your new home according to your current needs and preferences.

5 Packing

You can take a room-by-room approach when packing your belongings. Remember to label all boxes according to their corresponding rooms and mark those containing "fragile" items. You want to avoid any possible damage in transport, so be careful and patient when packing each box. Pay special attention when packing electronics as well as your glassware, art collections, etc. Don't forget to pack an essentials bag for your first day and night in your new home. Include a few changes of clothes, your pajamas, toiletries, medicine, etc.

If you don't pack everything promptly and with proper care, moving can be excruciating. If you struggle with packing and organizing everything for your NYC move, the best thing would be to contact a professional moving company and choose the services you need. For example, a simple relocation from or to NYC will be much easier if you have the help of reliable movers during the whole process.

Before you move into your new home, you'll need to declutter all rooms and pack the items carefully for transport. via

6: Gather Important Documents

We all have some super important documents. However, they usually sit and collect dust at the bottom of one filing cabinet. When moving away and packing, remember to gather all these documents in one place and keep them close to you during the moving day. If you're moving with your family, collect these for all your family members:

• Birth certificates

• Medical records

• Social security cards

• Insurance policies

• Important contracts

• Warranties

• Anything else of that nature

While preparing these, you’ll probably find many papers that you don’t need any more, so get rid of them and label and organize the rest.

7: Clean the Former Home

Before you move, make sure to do one last deep cleaning of your old home. Once you have everything packed, put some effort into leaving everything sparkling clean. Vacuum all floors, clean out the fridge and all appliances, wash the windows and wipe down surfaces. Pay special attention to the bathroom and kitchen. If you're not keen on cleaning your former home, or you just don't have the time to stick on that task right now, that's totally understandable. However, in that case, you should consider hiring expert cleaners. Professionals can do this quickly and easily while you finish all other tasks related to your move.

When you know all the things to do before you move into your new home, the transition will be easier. If you feel overwhelmed, do not be afraid to ask for help - either from a family member or a friend or from a professional service provider. The sooner you take care of all this, the sooner you will be able to transition to your new home and enjoy it. Good luck!

6 Signs You're Working with the Wrong Real Estate Agent

Buying or selling a home is likely the largest financial decision you will make in your life. It is undeniable that the search for the perfect home can be a daunting process. However, you should be aware that sometimes you might be dealing with an unqualified agent rather than a demanding real estate market.

With the historically busy Spring market right around the corner, whether you are Selling your home or looking to Buy, it is important you are partnering with the right agent to get the job done.

Has your listing been lingering on the market, or your home search lasting longer than you would like? We have listed six signs you're working with the wrong real estate agent so that you can assess if the professional you've chosen might be slowing down your progress towards purchasing or selling a property.

1. The real estate agent you hired is rarely present at showings

Attending and organizing showings is extremely important, especially if you are looking to buy or invest in a highly competitive real estate market like Manhattan. If your real estate agent cannot attend them, especially on the weekends, which are typically considered the primetime days for showings, you might be facing an issue. No matter how well-informed you may be when it comes to real estate, the very purpose of hiring a real estate agent is always to have access to an experienced and reliable advisor that can guide and inform your decisions.  

Some red flags include agents who:

• do not return your calls in good time

• are frequently unavailable or out of town

• cannot dedicate enough time to show your home to potential buyers

• cannot give you relevant advice on which property listings you should take into consideration

A good Real Estate Agent should be present and involved at all times

2. The real estate agent lacks a cohesive marketing strategy

In real estate, marketing is everything. Having an agent with a solid online presence, know-how about current real estate trends and visibility on an array of online platforms is vital for reaching buyers or sellers. If your real estate agent does not seem to be experienced in this regard, this may very well hurt your property value.

The days of relying on a simple MLS listing or a sign in your yard are long behind us, which means you need a real estate agent who will proactively search for customers beyond these obsolete marketing methods, especially if you are considering selling or buying a home during a recession. Before hiring a real estate agent, check if they use social media platforms, whether they send out mailers, or if they market or locate showings online.

Additionally, be sure to ask for the agent's marketing portfolio, which includes examples of property listings with photographs. This will allow you to assess if their marketing skills and strategies are professional enough to keep up with the ever-evolving real estate market trends in NYC. So, photos taken on an iPhone simply will not do.

3. You’re working with the wrong real estate agent if their negotiation skills are lacking

Marketing or finding a property is just one part of a real estate agent's job. When it comes down to the crunch and your agent is too passive, inexperienced, or disinterested in negotiating in your stead, you might want to consider hiring someone else.

Once the offers start to arrive, you must have someone by your side who can communicate your wishes and needs and maintain a professional and successful negotiation with all interested parties. Be on the lookout for red flags and potential oversights on the part of your real estate agent.

Once you seal the deal, you should be equally vigilant when it comes to hiring movers for your relocation to NYC. Buying or selling a home is just the start of your real estate journey, which means you have to be careful and choose the best option possible for your relocation. 

4. The agent lacks experience in market

Hiring a real estate agent who is new to the business is not necessarily a faux pas. In fact, sometimes, younger real estate agents might be even more skillful and knowledgeable when it comes to marketing on social media and other media outlets. Furthermore, they might bring an entirely new perspective to the table compared to their older counterparts that work within the same real estate agency.

However, if you notice that the real estate agent does not have the necessary information or expertise when it comes to current real estate trends in the local housing market, you might want to look for someone else. Moreover, as we have mentioned, your real estate agent should be a consummate negotiator in order to meet the grade, which in some cases comes only after a few years of working as a real estate agent.

5. The real estate agent is not familiar with the local housing market

Even if you hire a real estate agent with an extensive portfolio, this is no guarantee they are the perfect person for the job in the given real estate market. They have to be well-versed in property values in the area; otherwise, they are merely shooting blanks anytime they make an offer to a potential buyer or seller of the property.

In a city such as New York, real estate is hyper-local where it can even matter if the agent is familiar with a particular building. At minimum, working with a neighborhood expert is important, but always partner with the agent that has the most experience with your neighborhood and property type when possible.

Additionally, they should be in the know when it comes to other vital aspects that influence the value of the property. So, for instance, there are a few home features New Yorkers will pay extra for, and awareness of these and similar influencing factors can significantly impact the property's final price.

There are many factors that influence property prices in the NYC real estate market.

6. The real estate agent is too pushy

So, you have found a real estate agent who is an engaged, communicative, and skillful negotiator and marketing expert. They are also experienced enough to know all the trends and factors that influence property values in the area. You might be thinking that you are finally on the safe side and that you can now focus on your relocation and start thinking of an unpacking plan once you settle into your new NYC home.

Your agent should advise you, providing their expert insight and arm you with facts to make an informed decision

However, if the agent is too eager to seal the deal and finish the job as soon as possible, this is one of the telltale signs you're working with the wrong real estate agent. Do not let their confidence or reputation influence your decision.

Your Agent should have your best interest at heart – if that means the perfect property comes along in 1 month or 1 year, they should not be pushing the first property you see just to get a deal completed.

Thinking of Buying, Selling, or Renting? Our Team is comprised of industry leaders that execute across all the critical touchpoints of a successful transaction. Find out how we can help you

The Victoria Shtainer Team provides industry leading Real Estate services in New York City, Miami, and The Hamptons

Baccarat Hotel & Residences Coming to Miami's Brickell Neighborhood

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Baccarat is the latest luxury brand slated to be associated with luxury condos in Miami. The Related Company announced that it is partnering with Baccarat at its project at 444 Brickell Avenue in Miami’s Brickell neighborhood. The site at 444 Brickell was previously known as One Brickell.

This will be Baccarat’s first residences in Miami. In a competitive market, Developers are always seeking for differentiators, and partnering with Luxury brands has been an avenue for achieving just that.

The project will be comprised of 3 stories rising 57, 77, and 82 stories. Related Company has tapped Arquitectonica to lead architectural design and Enzo Enea to design landscaping. Plans include a mix of residential, hotel, office, and retail components.  According to plans filed with the Miami Planning department, there will be:

• 1,400 residential units

• 249 hotel units

• 41,272 square feet of office space

• 24,263 square feet of retail space

• 1,993 parking spaces

Details are still emerging on what to expect inside the residences, however, we do know they will range in size from 1-4 bedrooms. Given the project’s location, homes on higher floors should offer sweeping views of Downtown Miami and Biscayne Bay.

Amenities will include a business center, fitness center, pool, and riverfront promenade.