Get tips from GNP Realty's HOA property management team on different ideas to present to your condo board about integrating energy efficient upgrades in your community. From water saving measures to window upgrades, such measures can cut not only individual homeowner association costs, but also increase home values for the entire community.
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Investors intuitively understand that there are significant differences between residential property ownership and owning commercial property. For instance, residential real estate is private property intended to serve the round-the-clock needs of individuals, needs such as shelter and basic living space. Meanwhile, commercial real estate has its purpose right in its name: commerce. These locations facilitate trade and usually house businesses rather than people looking to lay their heads down after a long day.
Being a great landlord takes time and effort, but it is essential to keeping good tenants. After months of double-digit rent increases, rents have begun to moderate. A January 2023 report from the National Association of REALTORS® shows rents rose 3.7% year-over-year in the 4Q 2022, compared to 5.6% and 9.2% in the previous two […]
Chicago’s commercial rental market is expected to remain steady in 2023, with a slight increase in demand for office and retail space.
After a year of skyrocketing rental prices, the growth rate has dropped to its lowest level since 1Q 2021, according to the National Association of REALTORS®’ January 2023 Commercial Insights Report.
Whether due to a job change, a growing (or shrinking) family or because hybrid employment allows you to work from Hawaii, you may be faced with deciding whether to sell or rent your residential property. In today’s sky-high rental price market, renting your home may seem the smart choice. Alternatively, while home prices have begun […]
Chicago winters get a bad rap. Yes, it is cold and often snowy, but it’s also a magical time in the city—especially in December when the summer crowds are gone, and the city puts its best holiday foot forward. Most GNP Realty employees grew up in Chicago or neighboring suburbs, so we don’t let the […]
Recently a tenant in a residential building we manage approached the property manager to ask for a recommendation on a REALTOR® to list their unit for sale. Our property manager informed him that GNP Realty has a brokerage arm and was well-positioned to list and sell the unit. GNP’s philosophy of being a single source […]
The holiday season in Chicago officially kicks off each year with the spectacular Magnificent Mile Lights Festival. The centerpiece of the festival is the largest nighttime parade in the U.S., during which 1 million lights on 200+ trees illuminate as the parade (led by Mickey and Minnie Mouse) proceeds down North Michigan Ave. (“The Magnificent Mile”) […]
When planning new real estate construction, it’s helpful to understand common construction material types. Beyond the cost of materials and the associated long-term maintenance, there are implications for insurance underwriting in the event of a fire.