The earliest apartments in the United States were actually called tenements. They became a popular style of housing in the 19th century, as more and more people immigrated to America and began to crowd into the cities.
Many modern apartment complexes are designed to create the look and feel of distinct, self-contained neighborhoods. To add to the neighborhood feel, many also offer a range of popular amenities like community or party rooms, exercise facilities, and swimming pools.
In 19th century New York City, a typical tenement building featured five to seven stories and occupied almost the entire lot upon which it had been built. Some tenements were originally single family dwellings that were converted to apartments by adding floors on top or by building more space in rear yard areas.
Many apartment complexes are targeted to senior citizens. Why? Apartments offer a sense of community living, greater security, and the opportunity to continue living independently without the work, worry, and expense of home maintenance and yard care.
If you're moving into your first apartment, make sure to consider what items you'll need to purchase to have on hand the first day. After a long day of moving boxes and unpacking, the last thing you want to discover is that you can't shower because you don't have a shower curtain.
Having a fireplace in your apartment can be a cozy convenience during cold months, but fireplaces involve regular upkeep. If you plan to take a unit with a fireplace, make sure you're prepared to hire a chimney sweep before lighting your first fire of every season.
You may have heard that owning a home gives you a big tax break, but the truth is that many people find that they don't qualify for anything over the standard deduction, which makes the interest paid on their home meaningless. By comparison, a good chunk of the rent you pay is nearly always deductible.
Statistically, people change their residence because of work every five to seven years. If you own a home, this can cause significant problems if it does not sell. When you are renting, you can leave the minute your lease expires.
After the children move out and start families of their own, your family home may feel too big and expensive to keep. Let’s talk about which of our apartment units are the right size and price for your new lifestyle.
If racking up hundreds of thousands of dollars in debt isn't something you're able or willing to do, you should probably consider renting an apartment rather than buying a house. This can also make it easier if you need to get other loans (such as when you're buying a car).
It’s important to remember that not all multi-unit homes are less expensive than single-family homes. As with anything in real estate, the price tag will factor in location and amenities.
In ancient Rome, men often attained their wealth through the accumulation of property, which enabled them to enter the Senate and gain political power and relevancy. One way of climbing this ladder was to own and rent out apartments, or cenacula.
For multi-unit residential complexes, it is critical to have property managers who are experts at utilizing current technology. This includes online asset management software, allowing the owners and managers to connect in ways more efficiently and informatively than ever.
Perhaps the most famous New York City apartment building is the Dakota, situated at 72nd Street and Central Park West. Famous residents have included Judy Garland, Leonard Bernstein, Lauren Bacall, and Paul Simon. This was also the place where former Beatle John Lennon was gunned down in December 1980.
It’s important to remember that the market for single-family homes isn’t quite the same as the market for multi-unit homes. Consider leveraging our experience to help you find the best property for your needs.
Those who are concerned about their environmental footprint would do well to consider renting an apartment. Because you tend to own and store fewer things, you'll generally have less waste. Heating and cooling take less energy in a smaller space, too.
Whether you're in a house or an apartment, when something breaks, fixing it can be annoying. But living in an apartment can make it much, much less of a hassle, since the manager or maintenance man will take care of it for you.
Central Park in New York City actually had a major impact on the popularity of apartment living in the 19th century. Once the park was built in 1859, this sparked a boom in luxury apartment buildings along the park’s western edge.
A good property management company has experts in the field of asset management. You want your building’s budgets to be accurate, predicting and responding well to situations that may occur. We can help you determine your building’s needs before they arise.
A big benefit of renting an apartment in a larger complex, especially for those who live alone, is the added security. Many buildings require access codes, keys, or cards to get into the building in addition to the ones required for individual apartments. In addition, close neighbors often look out for each other.
We carry out the owner’s instructions, control costs to maximize revenue, and maintain a stable cash flow. This requires exercising control over the building to safeguard the capital invested, and to enhance the value of the property by making improvements, retaining and enhancing your pride of ownership.
Most apartment complexes request that new tenants document any per-existing damage before signing their lease. If there was something missed or anything that you feel should be fixed when you do the first initial walk-through, be sure to let the apartment complex staff know.
