Is Renter's Insurance Worth It?

 

Although 95 percent of people who own homes carry homeowners insurance, only about 40% of renters have renters insurance, despite the fact that the average cost of a policy is around $200.  One reason is that mortgages often require insurance, but that doesn't explain the whole picture.  Often, renters believe that the value of the items in their home isn't worth getting insurance, the "Oh, I don't have anything fancy" reasoning.  This notion forgets that if there were an event that cost you all of your belongings, the cost to replace everything at once could be staggering. Imagine not only replacing big-ticket items like a laptop or tv, but also pots and pans, dishes, furniture, clothes, etc.   

Insurance specialist  Angelo DelBorgo with Putnam Insurance Agency, LLC states that "A few quick questions and all of your precious belongings are fully covered.  These renters policies also include cost of living expenses and liability coverage for negligence."  Angelo is always ready to help set up a policy for you, feel free to contact him anytime at adelborgo@putnamagency.net or via (203) 967-1550.    

Read more about Renter's Insurance here

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Is It a Buyer's Or Seller's Market? Yes!

People always ask us if the market right now is a seller's market or a buyer's market and recently the answer is "Yes, both."  So how can that be?  New York's real estate market has become split based on price point and neighborhood -- those selling at higher price points, $2M and up, are making price cuts and dealing with more days on market.  Seller's under $1M though are seeing properties fly off the market and are frequently getting higher than ask for their homes.  This is even truer in hot neighborhoods such as Flatbush Brooklyn or Flushing Queens where sellers are really controlling the show. 

For more on this split market, click here

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Empire State of Sparkle

The Empire State Building now has a flashy nightly light show -- according to Time Out, the Empire State Building will now be putting on a sparkling light show on the hour, every hour, between sunset and 2am. The sassy skyscraper sparkle parties will last for five minutes and showcase the building’s advanced LED light system, that was completely overhauled in 2012. 

You can share your photos and videos of the new flashy light show on social media using the hashtag #ESBsparkle. 

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Introducing Brendan

Hey there, it’s nice to meet you. I can’t tell you how excited I am to have joined Compass, but more importantly, the Scholz Team! You’re probably wondering who I am, where I came from, and why I decided to join Compass and this team.

I currently live in Williamsburg, Brooklyn with my boyfriend and the occasional foster dog. I grew up in Pittsburgh as the oldest of four boys, spent four amazing years at Lehigh University studying finance and real estate before making my way to New York City. My first apartment was actually across the Hudson in Jersey City for a short year, and since then I’ve been in the city: first in Sutton Place/Midtown East, then Chelsea, and now Williamsburg.

Prior to joining Compass I worked at PNC, most recently in real estate banking where I got to learn the New York City market while working on construction loans and commercial mortgages. After 5 ½ years, I was ready to say goodbye to spreadsheets and hello to the people and properties that give New York City its pulse.

When the time came to pick a brokerage firm, I knew Compass was where I wanted to be after friends who worked here raved about the culture. I had to experience it for myself. And when an agent friend introduced me to Cindy, he said, “I could really see the two of you vibing.” The rest is history!

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Credit Freeze

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Tax season means that everyone is looking at their financials- from corporate entities to mom and pop shops to individual employees, it's the time of year to take a step back and asses.  One important step in that process should also be to check your credit score and make sure that nothing looks out of the ordinary.  Privacy breaches in 2017 at some of the top credit firms mean that it is vital to explore options to protect access to your credit.  One of the most effective ways to do this is freezing your credit. Click here to freeze your credit and click here to read about other ways to protect yourself and your finances.  

 

 

Cook Up Some Color

One frequently overlooked design element in kitchens, and especially in New York kitchens, is color.  Like many of you, we appreciate the clean and fresh feel of a muted or white kitchen; but adding color can go a long way to add style and personality to your home. From easy touches of color with art or planters to going full in with a tiled backsplash or school bus yellow oven, why not cook up some color in your kitchen? 

One of the more expensive touches of color would have to be the appliances.  Adding color this way may seem dangerous, but just look at the pay off.  Cabinents, accent chairs, tiles, and art are also great ways to incorporate color. 

For more ideas on adding color to your home, click here.  

 

Ceiling Improvements

 Ceilings are always above us, but not always considered. Here are 3 great ways to upgrade the aesthetics of your space and increase the value of your home.  If you are considering remodeling a space, be open to the idea of putting money towards the ceiling for a simple way to make a big impact. Just whatever you do, don't do popcorn cielings! 

 

 

Coffered Ceilings 

Coffered Ceilings 

Natural Wood Beams

Natural Wood Beams

Tongue and Groove

Tongue and Groove

Combination of Coffered and Tongue & Groove 

Combination of Coffered and Tongue & Groove 

Eye Sores No More

Every home has a few eyesores that may spoil the whole look or design of a space.  We'd like to share some easy ways to cover them up and keep your home feeling complete. 

From clever ways to hide your router to integrated design elements to hide air conditioning- let these ideas inspire you to finish a project at home. For the complete list click here

Can you spot the AC unit on this wall? Neither can we.

Can you spot the AC unit on this wall? Neither can we.

Never see a router again

Never see a router again

For a vintage feel 

For a vintage feel 

And for all of us with window units ^^^

And for all of us with window units ^^^

Helping You Find Your Place In The World

The Scholz Team helped more than 115 families find their place in the world in 2017. We worked with buyers and sellers throughout the city, from Jackson Heights to Sunnyside, from Ditmas Park to Bed Stuy and Brooklyn Heights, and from TriBeCa to Hamilton Heights- we know buying and selling in New York and how to work anywhere our clients take us.  We were also happy to help clients find the right agent and home in California, Chicago, New Jersey, and South Carolina.  Our national network of real estate professionals allows us to help all of our clients make intelligent investment decisions, no matter what market they are in. 

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