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Zoning matters when you want to run a business

If you're interested in purchasing a property for your business, one of the things you need to be certain of is which type of zoning the property falls under. If you want a business, an area zoned for single-family homes and residences won't help you. The same is true if you're interested in living in a property but purchase a property zoned only for commercial use.

Zoning matters, because only the category listed is able to occupy a zoned area. Zoning laws also regulate what a building's design is like. For example, they might state how far away the building has to be from the street or how tall the building may be.

What can you do if a neighbor's landscaping ruins your home?

You weren't worried about your neighbor's landscaping, but then you noticed that they were making their land higher than yours. There used to be a dipped area between your properties that collected water, but now, there is a hill that glides down onto yours. If your home suffers water damage as a result of this change, do you have any right to complain?

Generally speaking, neighbors aren't responsible for naturally occurring water damage to your property. There are times when your neighbors may be held liable for damage to your property, though. For instance, if the next door neighbors installed a large fountain that overflowed and caused your basement to flood, you'd have every right to pursue a claim.

This is why some New York home prices are skyrocketing

You saw a beautiful home years ago that you wanted to purchase in New York City. At the time, it was listed at $3 million in a prestigious part of town. Today, you see the same real estate is for sale, but it's at a shocking $17 million. What has changed that made its price go up so much in such a short time? How could this happen despite a market that was still in recovery until recently?

If you live in New York or would like to buy property there, one thing to consider is how close in proximity you are to celebrities. Celebrities who purchase property in the area may drive up the cost of a home, making its price artificially inflated.

Current markets in the United States: Where you should invest

If you're interested in buying property in New York City, you may have already realized that the market is close to overheating. With prices at their peak, now probably isn't the best time to buy.

If you do choose to buy, you could find that your property won't increase in value very quickly. It may even lose its value due to falling real-estate prices in the city. There are other markets that you could choose to participate in, though.

With the real-estate market at its peak, it's not time to buy

If you're interested in buying commercial real estate then you should know about the current state of real estate in New York. At the moment, real estate has come to a head with extremely high prices. Since prices have peaked, meaning that prices now are as high as they are likely to go, and they may even begin to dip. If you buy now, you could end up spending more than if you wait a short time before you invest.

In economics 101, you learn that prices that go up can come down. The current economy in the United States has been strong since it is bouncing back from the recession. The problem with that is that economies do heat up and cool down. What you want to avoid doing is purchasing a property when it is at its highest price. If you do that, you may not see the appreciation of the property and instead see a decrease in its value.

What will the real estate market be like in New York this year?

With 2017 at the halfway mark, it's good to take a moment to look at the predictions for this year's real estate market. City Realty, for instance, predicted that 2017 would finally be the year where condos would drop in price. It would be the first time in five years that they would do so.

Even though that might be good news if you're looking to invest in residential real estate, you have to look at the 10-year average to really understand what a drop in cost this year means. As of 2016's averages, Manhattan-based apartments were 91 percent more expensive than apartments in the city a decade ago, making them an elusive purchase for many.

New York real estate market settles down in 2017

If you're interested in purchasing property in New York City, now may be the time. A report from July 6 says that the current real estate market has taken a plunge, so bidding wars and cash deals are becoming less common. Since the market has become less urgent, sellers are having to reduce prices more than in 2016.

Despite that, cooling market conditions don't necessarily mean that you'll get a good deal on a piece of property, though you may if you are careful about your purchase. Manhattan homes sold for around 6 percent less than their previous sale prices one year ago, which is a significant dip in price for some properties. As the properties stay on the market longer, sellers are doing what they can to make a sale. That can mean reducing the price significantly, especially if the property is on the market for 108 days (the current average) or longer.

What to consider if you want to buy a cooperative or condominium

It has always been your dream to own a cooperative. You want to be part of something that grows a community while bringing you a passive income. It's possible, but you need to be careful.

Before you purchase a co-op or condominium, it's important to consider all aspects of the purchase. The unit itself may be priced in accordance with its size, location and amenities, but it's up to you to make sure you only purchase a property that is worth what you'll pay. It's vital to analyze the property and to know its condition before you sign any contracts.

A blocked view can damage your business

When you have a business in the city, the last thing you want to see is a neighboring business have a construction team that blocks the traffic to your store. Construction has the potential to cause you serious losses, and it's something your neighboring business owner should have talked to you about.

That's not the worst of it for you, though. In your case, the new construction around the building is now blocking the view from your shop's windows and patios. That view was part of what made your business profitable. Instead of being able to see beautiful cityscapes, all you can see is a construction team and a new, taller building.

Billionaire's Row in trouble in Manhattan

If you live in New York, you may be familiar with Billionaire's Row. The stretch of real estate near 57th Street and Central Park has been struggling recently. There have been two apartments in One57, a large building in the row, foreclosed on in the last two months, as of a June 26 report.

The first foreclosed unit sold for $21.4 million in July 2015, Now, this property is going to the auction block. It was purchased for $50.9 million and still has a $35.3 million mortgage on it.

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