Tuesday, October 8, 2019 / by Vanessa Saunders
If you've been living in New York and the Hudson Valley, you've probably noticed a change in the weather. 2014 to 2018 were the warmest years on record. Home owners nationwide have been plagued with floods, fires and beach erosion more now than ever in recorded meteorological history. What affect will climate change bring to homes and and the people who own them?
Climate change could impact your home's value in several ways. There already is reduced demand for waterfront homes in states like Florida and the California. Home owners are paying higher insurance premiums, and lenders are refusing mortgages without coverage. Also going up are property taxes, as municipalities fund fire and flood protection programs.
A 2017 report from Climate Central, an independent organization of leading scientists and journalists researching and reporting on climate change found that of the 20 coastal cities most susceptible to flooding, New York City is the most vulnerable. Miami took the second ...
Wednesday, May 22, 2019 / by Vanessa Saunders
From all the press coverage about dropping home prices in the Hamptons, you'd think the sky was falling. "Home prices are plummeting in the Hamptons," trumpets The New York Times about the infamous vacation playground of New York City's wealthiest residents. The Hamptons, once the favored vacation destination of New York City's wealthy elite is reportedly seeing home prices fall and high-end properties sitting on the market for months, according to the Times.
As it happens, the press stories are not fake news. The median sale price of a Hamptons home has fallen to a seven-year low of just $860,000.
This luxury real-estate slump can be traced, in part, to Donald Trump's 2016 federal tax reform, as the Financial Times' Ben Foldy reported. The new tax laws make it more expensive for homeowners to own luxury homes because they can deduct only $10,000 in state and local taxes from their federal income tax filings.
The most expensive homes for sale in the Hamptons are suffering th ...
Tuesday, July 31, 2018 / by Vanessa Saunders
Taking a day trip to Upstate New York is kind of like spending an afternoon in your grandmother's attic. At some point you realize you'd completely forgotten about all the cool stuff that was up there.
We have had a lot of clients recently who completely agree, who have either purchased vacation homes there, or made the decision to move upstate permanently in spite of the commute. One family converted an old farmhouse into a fantastic artist's weekend retreat in Barryville, with incredible mountainside views of the Delaware River and river valley. Another artistic couple re-built a crumbling railway station in Barryville into a fantastic Mediterranean-style home, and took up full-time residence there. (Both properties are currently available, by the way. To search for available homes anywhere in the Hudson Valley, click here.)
Upstate New York is the perfect place to take a day or weekend trip. Interesting, fun, beautiful stuff is just a brief ride from New York City. In the su ...
Monday, July 30, 2018 / by Vanessa Saunders
If you happen to be a New York City resident or any of the tired, the poor,
the huddled masses yearning to breathe free the pristine air of upstate New York, here's a suggestion. Get on a train and head north. In about an hour and a half or so, get off at any of the stops linked to some of Upstate New York's many hiking trails and take a hike. More and more New Yorkers are taking that first step, and loving the journey that will take them into lush green woods, past crystal clear waterfalls and cool streams, and up to the tops of some of the most breathtaking views in the Catskills.
Hikes can be found for any level of hiking skill, from stubborn homebodies to experienced trail-nerds. Hudson Valley Magazine offers a wealth of information on where to hike, what to see, and what to wear, among other valuable tips. Because hiking's popularity has taken off recently in the Hudson Valley, it's easy to plan a trip for whenever, and for however long and challenging or easy and spec ...
Tuesday, July 17, 2018 / by Vanessa Saunders
High up on a glacial ridge near Barryville on the New York-Pennsylvania border is a cozy stone cottage overlooking a bend in the broad Delaware River. Eagles circle the river below as rafters lazily float down on the gentle rapids. From the cottage, you alone have this view from high above. Tall green trees all around cool you in summer shadow and gentle breeze. The view, the trees and the quiet combine to offer a complete respite from day to day cares.
The cottage is a classic Sullivan County farm house on an acre of cleared land in a 61-acre wooded parcel that remains untouched. The home is lovely, fully renovated from shack to modern country chic. It has been lovingly modernized throughout, with tasteful and sometimes whimsical touches that make it delightfully unique. On central stairs is a gold-stamped fern and bumblebee. A glass-and-mirror-wall adorns a powder room. In an upstairs hallway, tiny embedded lights look like a constellation of stars. Mirrored window jambs cleverly ...