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What can I afford? A family in need of more space considers their options for upgrading

Space is a precious commodity in New York City, particularly for the parents of young children, and as families grow it can be a major hurdle to find (and afford) the room to accommodate them. Samantha (whose name we've changed to protect her privacy) and her husband, the parents of a four-year-old and a one-year-old, currently own a two-bedroom, one-bath co-op on the Upper East Side , and are wondering whether it's time to move to a larger home.  "We are unsure about the prospect of our next move and whether it would be worth it to move to a rental or buy again, considering the increase in space we need," Samantha says. The couple would ideally like to find a three- bedroom apartment close to a park, in a building with a live-in super or doorman, though a two-bedroom with a separate dining room could work, too. Because of their children, they prefer a building with an elevator, or a first-floor apartment; transit-wise, they're looking for a commute to their job...

Co-Op vs. Condo: What You Need to Know

The New York City housing market is truly a beast of its own. We are living in a world where you can't simply buy a house, white picket fence , and start planting the seeds of your American Dream. Instead, our homes are divided into a series of different housing types. For those of you looking to buy, or simply for those of you looking to understand more about the housing industry in the city, here is a breakdown of the most popular forms of home ownership in New York City: Cooperative Roughly 75 percent of the Manhattan housing inventory is comprised of co-ops. Unlike a condo, co-ops are are owned by a corporation. This means, when you buy an apartment that is in a co-op building, you are not actually buying real property (like you would in a condo). You are in fact, buying shares of the corporation. These shares entitle you to a proprietary lease, which relates your relationship to the building close to that of an investor, rather than a condo building, where you are the outr...

Apartment vs Condo Explained

When looking for a new place to live, you might see both condos and apartments and wonder “What’s the difference between apartment and condo living?” You’re thinking about all the same things no matter which place you’re previewing: price, square footage, amenities, types of flooring, pet rules . . . as long as you have what you need, why does it matter what type of unit you rent?  Well, it does. Knowing the difference between a condo and an apartment is important: it affects how your community, and home operate from day-to-day. Ownership: Apartment vs Condo Apartments Apartment complexes usually have one owner. This means that all the leases and rules are uniform as well. This can be a good thing when it comes to neighborly disputes, since you all have to apply by the same rules. The property manager can act on, and fix the problem, they have the authority to do so. Condos Each condo typically has one owner. The complex does not own all the units. This can be really nice, because it c...

The Carrington at Lincolnwood Opens Models and New Life Opportunities

“We are excited to participate in an innovative approach to re-defining the senior community into a desirable destination for a full and active lifestyle ,” said Glenn Seerup, principal at Jensen and Halstead Architects , in reference to The Carrington at Lincolnwood opening late this year. Joining Jensen and Halstead, the oldest architecture firm in the Chicagoland area, on The Carrington project are developer South Bay Partners , manager Life Care Services and Charles Hall Construction . Model residences are now open, and “The First Keys Club” perks for first depositors include a $1,500 credit toward moving expenses, a house-warming reception, guaranteed rental rates for the first two years of residency, referral rewards and several additional benefits . “There is no better time than now to visit our beautiful models and see all that is available to older adults within and right outside The Carrington community,” said Sue Simek, director of sales and marketing at Life Care Servic...

Renting a condo vs. an apartment - Which is better?

When most people think about renting, they think about apartments. An apartment is a dwelling that is owned by a landlord and leased to a tenant for the purposes of earning rental income . Condominiums, or condos for short, are dwellings owned by individuals which collectively comprise a homeowner’s association. What some people may not realize is, condos can also be rented and renters seeking housing may have the option to choose between a condo and an apartment. What you may be thinking is, what’s the better option for renters, a condo or an apartment? Both condos and apartments have benefits, and at first glance, the two may seem to be a lot alike. There are, however, differences in condo living vs. apartment living. Today I will discuss a few of the benefits of each type of rental dwelling, and what makes the two types of housing different from a renter’s perspective. Costs: Apartment and condo rentals are often priced similarly, however, there are some benefits of renting a cond...

Remington Place - Seattle, WA

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_________________________________________ Centrally located in Seattle's vibrant Lake City neighborhood on a quiet street surrounded by evergreens, cherry trees and lilac bushes, Remington Place is an independent senior apartment community for active adults age 55 and older. We are more than just a place to live; we are a community of wonderful people just like you! Remington Place is managed by Allied Group, Inc., a company that has been specializing in managing high- quality senior living communities since 1987. Our primary goal at Allied Group is to enrich the lives of the residents we serve each and every day. Featured Amenities Our condo- style apartment homes are available in a selection of one- and two- bedroom floor plans and are pet-friendly. All homes feature full kitchens, ceiling fans, wood-burning fireplaces, private patios or balconies, and in-unit washers, dryers and dishwashers. Additional storage space is also available on site. Residents enjoy access to o...

Newark apartment tenants continue 30-year battle with management

NEWARK — The Pavilion and Colonnade apartments are made up of three towering Newark high -rises known for their stately glass windows with New York City views . The buildings are still striking on the outside even though their glory days are clearly gone. They are close to most things a tenant could want in downtown Newark. You can walk to church or to the park. The train station is a hop, skip and a jump away, and the bus stops out front. The convenience is grand. Residents say it’s not so grand living here when the heat doesn’t work, when the elevators break down, when management doesn’t appear to be fond of tenant organizations speaking up for themselves. And some residents say it seems like its always been this way. You know, mama said there would be days like this, but she didn’t say they’d last 30 years. Over the years, one management company after another has tried to run Pavilion and Colonnade apartments. The latest, Kettler Management of McLean, Va., is the third in eight ye...

Carbon Monoxide Brain Injury Lawsuit Verdict of $25.5M Reduced on Appeal

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A federal appeals court has significantly reduced a punitive damages award returned in a lawsuit filed against an apartment complex by a woman who suffered severe brain damage from carbon monoxide poisoning . The case involved injuries suffered by Amber Lompe at her home in the Sunridge Apartments in February 2011, when a gas leak from a furnace at the apartment complex caused her to suffer a severe brain injury from exposure to carbon monoxide . As a result of the leak, carbon monoxide levels in Lompe’s apartment reached 500 parts per million, which is more than ten times higher than what is considered a safe exposure. Ten days after the incident, the complex provided her with a carbon monoxide detector and destroyed the furnace, which she argued at trial was an effort to destroy evidence in the case. At trial before a federal jury in Wyoming, Lompe was awarded $2.65 million in compensatory damages, as well as an additional $25.5 million in punitive damages against Sunridge...