🤔Thinking of moving to one of New York City's Amazing Suburbs? 💁♂ We would love to help! 📱 Call or Text +1-718-219-2691 📨 Email: jeff@jdmre.com
@genew5758
Жыл бұрын
Co-ops generally don't save you much money because the monthly fees are co-ops are generally much, much higher.
@keithwisdom1663
10 ай бұрын
Not in Yonkers and other locations.... Some are a few hundreds and maintain the same for decades I had one that was 430 for years up to about 530 and price more than double in a decade Nyc properties appreciate really fast and go high fast I know one in Brooklyn where apts are good g for big money and started out low Some are making up to 500k plus
@letisha110
2 ай бұрын
Very interesting and informative video. Thank you for the breakdown.
@Jeff-Suburbs-of-NYC
2 ай бұрын
Thank you for the feedback. Let me know if you have any questions or are thinking about purchasing a home. I would love to help and am only a text away!
@TJK_2024
4 ай бұрын
This is one of the best videos explaining the differences and all pros and cons. Thanks!
@Jeff-Suburbs-of-NYC
4 ай бұрын
Hi Thank you for the helpful feedback. I am glad you found it useful. Are you considering purchasing a home soon? Please download my buyers guide here: bit.ly/3H9MaHn
@genew5758
Жыл бұрын
Generally speaking, condo owners are allowed to rent out their units. However, I've seen some condo boards that restrict rentals. It's always best to ask about all rules in your association. Co-ops, as you know, generally forbid rentals in their buildings. Many believe that renters aren't going to take care of the property as well as owners. Some co-ops will allow rentals after you have lived there for a few years and only allow rentals for a certain amount of years during your ownership. Some co-ops, not many, but they are out there, allow unlimited subletting. Great video
@Jeff-Suburbs-of-NYC
Жыл бұрын
Thanks for adding some extra info, always helpful to everyone watching and reading the comments. Are there any video topics you think I should add?
@genew5758
Жыл бұрын
Maybe you can do some videos on how to prepare for co-op board interviews and how to get the co-op board to approve renovation requests.
@Jeff-Suburbs-of-NYC
Жыл бұрын
@@genew5758 Thanks for the suggestions!
@shessobrauny4753
6 ай бұрын
Thank you for the info!
@Jeff-Suburbs-of-NYC
6 ай бұрын
Of course! Thank you for watching and commenting! Are you thinking of starting a home search in the NYC area?
@ElJuli24
6 ай бұрын
Hey Jeff , whats up. Thanks for the video . Quick question, if you dont mind , lets say Im renting at 2000usd in NJ all included - brand new loft - and I have the opportunity to get a coop thats going to cost me 2350usd/month (hoa 1400) giving around 38% down pmt for it ,looks well mainteinded from 1954. I mean, do co-ops hold their value or can go up in value as other types of properties like houses or condos? , just not sure if keep just renting or see co-ops as a good investment NJ/NY. thank you.
@Jeff-Suburbs-of-NYC
6 ай бұрын
Thanks for watching and commenting. Would you mind reaching out direct via email or phone so we can discuss in more detail? My info is in the description. Thanks.
@kathylakowitz
4 ай бұрын
You need to understand real estate values between NYC and NJ. Co-ops in NJ are NEVER a good investment because there are very few of them outside of the neighborhoods facing the tunnels and GW Bridge. When selling a co-op, very few buyers will be interested because NJ has a lot more condos at affordable prices than NYC does. The issue is in NYC, condos are extremely expensive, so co-ops are an affordable housing option and there are a lot more co-op buildings than condos. In NJ, the opposite is true - a lot more condos than co-ops.
@CoolIceman
7 ай бұрын
I have a question so a co-op is a person that owns the building, but gets to still live in it and rents it to other people
@Jeff-Suburbs-of-NYC
7 ай бұрын
Hi, not really. A coop is a company that owns the building. By buying a coop unit you buy shares in the company which allows you to live in the unit. If you wanted to rent it out to other people you would have to get approval by the coop board (the group that manages the day to day goings on of the building). Does that answer your question? Are you considering purchasing soon?
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