Date Archives: June 2019

Our REALTORS® at Coldwell Banker Prime have been serving clients getting in on the latest trend in the U.S. housing market: Multigenerational family homes.

Shifting economic and employment conditions have made multigenerational living much more desirable. It's a cost-effective choice that can also contribute to stronger family bonds.

Plus, the availability of larger homes in many cities means it is now much easier than ever for generations to co-exist in a home while maintaining their own privacy and lifestyle.

But how can you find a home that everyone in the family will love?  We offer these steps:

• Start by Deciding on Neighborhood Amenities
  When you are looking for a home, it's often a good idea to begin with the neighborhood and then visit properties in that area. With age comes different needs and priorities: Be sure to take into account the job market, access to healthcare, educational opportunities, and mass transit. All of these things may be necessary for the quality of life for a family member.
• Develop a List of Priorities for the Home
  Once you've narrowed down a neighborhood or two, it's time to start thinking about the home. Each person who'll be living there – including the kids – should write a list of five things they want their ideal home to have. While it's usually not possible to have everything, you can use these lists to find areas of consensus and focus your attention when comparing homes.
• Work Together to Develop a Financial Plan
  The healthier your financial outlook is, the easier it will be for you to get a home loan package on favorable terms. To make it work, it's often best for every adult in a household to contribute. Even elders on a fixed income should jump in. Figuring it all out starts with a budget: This way, you'll know "how much" house you can afford and still have a healthy amount for other things.
• Look for Lifestyle-Supporting Home Features
  Every home is different, and you should look for one that suits your lifestyle. For example, it may be a good idea for older family members to have plenty of living space on the first floor and skip the stairs. If there will be many vehicles, then a larger garage will make things convenient. Think about the optional features that could add comfort and convenience to each person's life.
• Use the Available Space in Creative Ways
  Most homes will probably need some adjustments to fit you just right. Look for ways to add to the amount of private living space each person can enjoy: For example, basements and attics that might otherwise go unused can be converted into studies or playrooms. Adding a closet converts virtually any room into a new bedroom, and it's easier than ever to install a "half bath."
• Plan According to Your Ultimate Goal
  Some homes are temporary, while others are meant to be passed down for generations. When you are searching for a multigenerational home, you'll often be keeping it within the family for many decades. Scrutinize the inspector's report and be cautious of red flags like problems with the roof, electricity, and septic or sewer system. These can lead to big headaches down the road.

No matter what your goals are in your house hunt, our real estate professionals at Coldwell Banker Prime can help you. Our team has the insight and experience to help you find the perfect multigenerational home for you. Plus, our customer service is unparalleled.

Contact us to learn more. We look forward to assisting you soon.

"Where is Tech Valley in New York?"

Our REALTORS® have been asked this question again and again. So many New Yorkers have heard the name, but many don't know where it is — or even what it is! Believe it or not, you don't need to head west of the Rockies to find booming tech companies that are changing the industry. You hardly need to go west of the Hudson to locate the hub of biotech, life science and nanotechnology businesses that have given Tech Valley its name.

What is Tech Valley?

Surely, you've heard of the famed Silicon Valley in California — Tech Valley is the East Coast equivalent. This area features a variety of educational facilities and technological corporations within the life science, nanotechnology and biotech industries. The term "Tech Valley" was first coined in the late 1990s by the Albany-Colonie Regional Chamber of Commerce to brand the area with a name that highlighted the significant impact these growing industries have had on the state.

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Have you made plans for Father's Day yet? If not, don't worry! There are a ton of fun things for Dads to do in Albany. 

To help inspire you, our REALTORS® have created a list of their favorite ways to spend Father's Day. Choose a couple of activities from the list, and you'll be well on your way to planning a Father's Day weekend he won't soon forget. 

1. Golfing at Capital Hills at Albany Golf Course: 65 O'Neil Rd, Albany, NY 12208
   What better way to start the morning than by getting out and enjoying a round of golf with Dad? Capital Hills at Albany golf course offers picturesque views and a challenging course that's appropriate for all skill levels. It's also home to the area's largest driving range. Spots will fill up fast on Father's Day, so make sure you reserve your tee time early. Plan to take the scenic route home so you can get a look at some of the gorgeous Albany homes for sale near the golf course. 
   
   

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With summer weather right around the corner, many Central New Yorkers are excited to take their exercise routines out of the gym and into the great outdoors. Whether you're planning to sign up for a 5k race or prefer a casual stroll with the family, you'll never regret lacing up your sneakers and heading out for some outdoor fun.

In celebration of National Running Day on June 5th, our REALTORS® are here with a quick look at some of our area's favorite spots to go running in Central New York.

• Green Lakes State Park: Syracuse, NY
  If you want to enjoy a gorgeous view any time of the year, you can't go wrong with a run through Green Lakes State Park in Syracuse. Here you'll find several beautifully-manicured trails around the lake and throughout the park. This is a popular running and walking spot for Syracuse locals. 
  
  Want to train for your next race in a fun setting? Join a group of other running enthusiasts the Fleet Feet Hot Feet Runs on Sunday mornings at 7:30 a.m. While you're there, make sure to ask the locals about their favorite neighborhoods so can scope out some of the best Syracuse homes for sale. 
  
  

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