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Real Estate News

PreReal™, Prendamano Real Estate:  Simplifying Real Estate

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The Staten Island Power 100: James Prendamano

www.cityandstateny.com

Real Estate Agents: Staten Island Market Set To “Explode” After Lockdown Is Lifted

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America’s 26 Year Olds: Living With Parents or Getting Married?

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More Than 2k Heat Related 311 Complaints from Staten Island Renters

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What’s Causing Storefront Vacancies On Two Staten Island Retail Corridors?

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How Would Rent Reform affect Staten Island Tenants, Landlords?

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Slow Down in Sales, “Market Value” Prices Impact Staten Island Real Estate

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Top 10 Staten Island Communities For Home Buying in 2019

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Rising Rents in New York

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Indoor Golf Simulator Takes Space at Staten Island’s Empire Outlets

www.commercialobserver.com

Lucky Brand to Open First Staten Island Location in Empire Outlets

www.commercialobserver.com

PreReal™ Prendamano Real Estate CEO Receives 2 Mayoral Appointments

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South Shore Commons Back on the Market for $60m

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Owner Looks to Flip Staten Island Retail Center For Almost $60m

www.therealdeal.com

Renters Are Paying More For Less Space, Study Says

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Staten Islander Wins $2,500 Shopping Spree at South Shore Commons

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True Religion to Open Store at Empire Outlets

www.businessinsider.com

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Cotton On to Open First Store in New York City

www.insideretail.com

If New York Wheel Fails, How Will Real Estate Market Be Impacted

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Levi’s to Open Retail Store at Empire Outlets

www.commercialobserver.com

www.silive.com

www.therealdeal.com

On Staten Island Brick & Mortar Retail Bucks the Trend

www.crainsnewyork.com

Developers Pay $41m For Retail Center in One of Staten Island’s Biggest-Ever Deals

www.therealdeal.com

Brooks Brothers to Join Empire Outlets

www.designretailonline.com

Casandra Properties is on a Mission to Make Staten Island Cool

www.therealdeal.com

Market for Staten Island Homes Priced at $1m or Higher is Surging

www.silive.com

Staten Island’s North Shore is Experiencing a Building Boom

www.wsj.com

City’s First Outlet Mall Holds Promise

www.crainsnewyork.com

James Prendamano Discusses Opening of Outlet Stores in Staten Island

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AG’s Settlement Could Mean More Premium Outlets At Empire Outlets

www.crainsnewyork.com

AG’s Settlement with Simon Property Means Better Business For Empire Outlets

www.bizjournal.com

Empire Outlets Developer Offers Job Training to Staten Islanders

www.ny1.com

Woodbury Commons Agrees to Drop New York Trade Restrictions

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In The News

5 Key Tips to Succeeding as a Property Developer

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Ready to become the best property developer in your market? Similar to launching into any startup business, breaking into the real estate industry can be tough. While most people will probably opt to become real estate agents, that isn’t the only lucrative job in this growing sector. Property development has been quite a budding and thriving aspect of the real estate industry for a while. Property developers usually identify good real estate opportunities by developing properties and then leasing or selling them for a profit. Becoming a property developer requires experience in different aspects of bringing buildings to life. Here are the important tips for succeeding as a property developer.

How To Get Luxury Log Home Plans

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Log houses or homes are structures that are built using horizontal logs which are interlocked at the corners by notching. The notch is created by scribing using an ax. The logs used can be round, square, or cut to different shapes and can be either handcrafted or milled. Trees like cedar, oak, maple, etc., can be used for constructing them. Log houses and cabins have been around for a long time. Although it is hard to say its origin, it seems early pilgrims especially from the Scandinavian countries of Europe – Finland, Sweden, and Norway who arrived in North America brought the tradition. It was a common building practice in this region as well as in Russia and the Baltic States where they readily have tall coniferous trees like spruce and pine. They built their homes from what they had around them which were trees. You can learn more about this in this article. The foundation of a log home is laid with rocks. This is to keep the logs off the soil which may be damp. Older log houses will usually have at least a window, a fireplace, and a smooth dirt gravel floor. The windows were opening which were covered with either oil paper, boards or animal skins. Modern houses are however more evolved than this. They are now luxurious, larger, spacious and modernized with glass windows and polished wooden floors. They come in different designs and shapes. Log houses have very naturally warm and a cozy feel to them which you ordinarily will not get in conventional homes. They have breathtaking designs, are great to live in, they offer a rustic beauty and aesthetic and they are very durable. Though a lot the houses available today make use of machine milled logs rather than hand-hewn ones, those built with hand-hewn are still pretty much available and popular. You can learn more about the characteristics of modern log homes here: https://nimvo.com/the-characteristics-that-define-a-log-home/.

We Buy Houses | Houston Guideline to Sell Property above Market Value

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House owners often tend to overestimate the value of their property. The immaterial value that their home has for them cannot be expressed with money. But when it comes to the sale of real estate, it is necessary to be realistic and extremely objective. According to http://cash4texashouses.com, the real estate market is quite turbulent, and supply and demand change cyclically. Therefore, it is necessary to estimate the exact moment at which you will announce the sale of your property. When the supply of real estate on the market is low, the chance to sell your property is higher because there are no other offers. These situations rarely happen; having many houses on sale and a fight for every customer is a more common situation. Even then, it is possible to sell your property at a market price, if you follow some rules.

Burglary Prevention: 8 Simple Ways to Secure Your New Home

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Moving into your new home doesn't mean your job is done. There is a lot of work to keep a house running and keeping it safe. Even though overall crime is down, it doesn't mean a burglar won't break into your home. There's an estimated $14.3 billion in damages reported due to property crime each year. You need to do everything you can to protect your home. It takes work to get the most out of burglary prevention. Use the eight tips below to make your home more secure.

The 101 on Metalworking: 10 Tips for Working With Metal

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Metal is a versatile and sturdy material that is perfect for many building projects. There is literally an endless number of uses from buildings to sculpting to weapons of war. In fact, metal ranks among the most popular materials on earth. If this is your first time working with metal, there are a few things that you need to know. After all, it's not the easiest material to manipulate, it can be heavy, and it can be awkward to transport. This article takes a look at a few tips on how to work with metal that will help make your experience a bit easier and less dangerous. Keep reading to discover insight into metalworking that might actually surprise you.

What Site Preparations Are Necessary Before Construction Begins?

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Every year, the construction industry is responsible for building over $1.3 trillion worth of new structures. There are almost 700,000 construction companies and more than 7 million construction employees tasked with doing this work. But before a construction project can get off the ground, it's important for construction companies to work closely with companies that specialize in making site preparations. They can get a construction site 100% ready to build on. There are quite a few necessary site preparations that must take place prior to the beginning of a construction project. Check out some of the most important ones below.

This is Exactly How Your Home Plumbing System Works

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A home plumbing system can look incredibly complex, a confusing system of pipes and drains that run every which way. But with a little basic plumbing knowledge, you can understand that maze of plumbing and be a plumbing pro in no time. Keep reading to get a crash course in plumbing 101.

5 Interesting Real Estate Facts for Home Sellers in 2020

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1. More Buyers Entering the Market With the Generational Shifts The truth is, there are more new buyers for entry and middle-level homes. If your home falls into this category, you can expect eager, interested buyers that may need to move in quickly. There may be fewer buyers interested in high-end homes compared to previous years, but it’s not hopeless. Most millennials are currently looking into purchasing their first homes. 2. Interest Rates Could Remain Low Interest rates may remain low throughout the year, which will help first-time home buyers finance their first purchase. The Federal Reserve did not change interest rates in December of 2019, and the expectation is that they’ll remain unchanged in 2020. Low rates nudge new buyers into purchasing your home, and you may secure a low interest for your new home as well. 3. The Upcoming Recession According to experts, the recession might hit the economy in 2020-2021, though it’s not expected to hit the real estate market as hard as other sectors. Given the low employment rate, steady housing prices, and the Fed lending policy, the real estate market is looking more balanced. 4. Suburbs Are Having a Comeback Moment Suburban growth is on the rise, while the city population is decreasing. The reason for this could lie in the tapering of the recession. This allows movements and the purchase of new homes, which is good news for anyone looking to sell a house. Most millennials are starting families, and most of them are looking for stability and affordability in the suburbs. 5. Rise of Home Cash Buyers If you’re looking to sell your house as is, especially if it is not in a very good condition, then you’re in luck because there is a rise in cash buyers. iBuyers are essentially instant home buyers, and once ...

Just Starting Out: How to Get a Mortgage on a Low Income

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The average minimum wage in the United States is only $7.25 an hour, which is only $1,160 a month before taxes. The average mortgage payment is $1,030. Therefore, it's easy to see why it might be difficult for some people to get approved for a mortgage. However, this problem also applies to those who's income is limited because they're starting a new business. But don't worry, you can learn how to get a mortgage on a low income. Keep reading for some of the most effective tips and tricks.

How to Find the Type of Plumber You Need for Various Plumbing Jobs

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Did you know there is more than one type of plumber? Just as you wouldn't go to a urologist for foot problems, choosing the right kind of plumber for your work is vital to getting the results you need. Here's the simple breakdown of the different types of plumbing jobs that are out there, and which one to call for your specific needs.

Fresh Paint: 6 Design Trends for House Exteriors in 2020

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According to recent surveys, homeowners across three generations spend an average of $6,599 on home renovation when all are averaged together. While an often forgotten part of being a homeowner, renovations are absolutely necessary to keeping your home in good shape and ensuring that it remains a comfortable place to live. Here, we're going to talk about some design trends for house exteriors that you should look into before performing your next renovation. Read on for some tips on how to make your house as homelike as possible!

The Secrets Behind Why Staged Homes Sell Faster

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Do you want to make sure your home sells as fast as possible when you put it up on the open market? Staging it ahead of time could be the trick to a speedy sale. Experts say that staged homes tend to sell up to 87% faster than homes that aren't staged. This should be reason enough to make you strongly consider staging your home prior to selling it. Staged homes sell faster than homes that aren't staged for a variety of different reasons. Learn about them before making a final decision as far as whether or not you're going to put your home through the staging process. Here are the secrets behind why staged homes tend to sell so much faster than unstaged homes.

Why You Should Assess Amenities Before Buying a Home

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Buying a home is a huge milestone and not something to do hastily. When you get started with the home-buying process, you'll probably do things like determine your price range, figure out your preferred areas to live, and think about other specifics, such as whether you want an apartment unit or a single-family home, and how important it is for you to have a lot of land or a large backyard. Amenities are often overlooked when people learn about their options for homes. However, by thinking about which amenities you want most, you could have a more enjoyable experience once you pick a new home.

Soak Up the Sun! 5 Awesome Reasons to Move to Florida

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Maybe you're sick of your current town, city, or state. The weather is dreary, the attractions are weak, and you're just tired of shoveling snow out of your driveway. You might find yourself fantasizing about the warm and balmy promises of a beachside home, somewhere down south. It's likely you're fantasizing about: Florida. The Sunshine State remains one of the hottest destinations for people to move to, especially for those later in their lives. There's a huge amount of benefits to living in one of our southernmost states, and life there is certainly never boring. Want a refresher on a few of the great reasons to move to Florida? Read on and we'll walk you through some of our favorites.

How To Quickly Sell Your House in Downingtown, PA

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Yard signs and open houses are so old school. In light of technology developments, these tricks from the past simply do not work anymore. Luckily, the new ways are not only much more efficient, but also much more simple and straightforward. Additional info. Selling your house is never an easy decision. There are memories that you hold dear to the heart, things that make that house your home. However, once you have decided, your ultimate goal is to get it over with, and spare yourself of the emotional pain caused by a prolonged process. Sometimes, circumstances might put you in an even bigger hurry. But, without proper experience, you find yourself unsure of what your post-decision steps should be. The market is a jungle. And you absolutely want to get the best possible deal. This is where a real estate company comes in and does a tremendous amount of work for you. Furthermore, it even buys your house itself.

4 Shocking Reasons it’s Time to Update Your Home’s Electrical System

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Do you have constantly dimming or flickering lights? Do you usually get a slight shock whenever you touch your electronic appliances? Or, is there a continuous burning smell coming from any of your appliances? If you answered yes to any of the previous questions, your home may desperately need some electrical updates. Continue reading for more shocking reasons why it’s time to update your home’s electrical system.

Top 7 Building Materials to Use

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Whether you're planning to build a new business or a new home, the materials you use can have a significant impact on the quality, efficiency, and longevity of the structure. Today's new options can lead to lower costs and more durability, making them a smart investment for your home. Read on to discover a list of the seven best building materials so you can determine which ones are right for your new construction project.

What are the Pros and Cons of Selling Your Property to Home Investors?

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The total number of American homes purchased by investors dropped by 36% in the year 2019 compared to the previous year. The National Association of Realtors cited declining confidence in owning property in the United States as the primary reason for this decline. While it has become hard to sell new homes built from scratch in the home markets, it’s even harder selling your recently renovated house. The average home price in the U.S. has now exceeded the pre-collapse valuation following the 2008-2009 financial crisis. Yet, most homeowners still find it hard to find a buyer for their houses without collaboration with home investors. But is it a better idea to put your home on the market independently, or would it be advisable to sell it to a home investor? Here is all you need to know about home investors.

Some New York City Renters are looking to move elsewhere

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Our CEO, James Prendamano, had the opportunity to speak with Tracey Porpora at The Staten Island Advance to discuss the Renter Migration Report by Apartment List.

5 Home Improvement Upgrades You Should Spoil Your Home With This Year

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Home is where we come to relax after a long day of work, or where we host celebrations with friends and family. Since home is such a special place, it's important to have it reflect your vision. If you aren't satisfied with the way your home looks, your sense of comfort and peace when you come home will be less than it could be. If you're ready to create the space you've always dreamed of, keep reading for some home improvement ideas!

Do Home Inspections Check For Asbestos? What You Need To Know About Asbestos Before Buying a Home

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Does the sound of the word "asbestos" send chills down your spine? You're not alone. This icky stuff was banned in 1989 for being a severe health hazard. Since asbestos has been banned for decades, do home inspections check for asbestos? Inquiring minds want to know. Learn more about this much-talked-about material and if asbestos inspections are required for new homes.

Expand Your Wings: 5 of the Best Countries to Invest in Real Estate

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Did you know that there are over 9 million US citizens are living as expatriates outside of the USA? Although some are constant travelers, there is a growing number of people that are investing in property abroad. The recent strong US dollar has meant that people can buy property abroad that they could never afford at home. If you are thinking of joining this group what do you need to know? Where are the best countries to invest in real estate globally?

How to Choose a Home Heating System That’s Right for You

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Winter is well upon us and if you're struggling to keep your house warm, it may be time for a new heating system. While you may not be able to do anything about it this year, you should start thinking about the most efficient home heating system for your home and your circumstances. A few things to consider are location, access to resources, and monthly costs. If you live in a rural area or off-grid, a gas line to power a furnace may not be an option for you. Alternatively, it may not be cost-efficient to change the current heating structure of your home. Unless you're doing some major remodeling, it may be better to simply upgrade the system you have now. However, keeping an open mind, let's take a look at the most popular heating systems out there.

Exterior Home Trends: 5 of the Most Popular House Siding Colors

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Are you looking to give the exterior of your home an exciting make-over? Installing new siding can completely change the appearance of your home. Gone are the days when you had a limited selection of boring siding options. With so many available siding colors now though, how can you possibly choose? We'll take a look at some of the offerings that are trending for 2020 to help make your decision easier.

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