Summer Living Room Decor for Your Chicago Condo

If your shared spaces are starting to feel tired and dreary, brighten them up with summer living room decor.

Summer Living Room Decor Ideas

We’ve compiled some suggestions to spruce up your shared space this season:

  1. Bright pillows– Decorative pillows are a simple way to brighten up your space for the summer. If you have more neutral furniture, incorporate colorful pillows to brighten up the entire living room.
  2. Fun blankets – Finding complimentary throws is another way to add dimension to a neutral space. Look for a lighter blanket with bold colors or playful patterns.
  3. A new rug- If you’re without a rug or need to upgrade your current one, consider investing in one with fun designs or colors to liven up the living area.
  4. Colorful prints- If your wall space is feeling pretty empty or dull, visit a local art shop and find some bright prints to add to your walls. You can also find some fun frames to go with the artwork at many local thrift shops.
  5. More plants- Incorporating greenery into your shared space can bring it to life. Visit your local plant shop or farmers market and find fun plants and pots to plant them in. Alternatively, hanging plants also adds a fun touch. You can also get in the habit of rotating out different flowers in a dazzling vase as well.
  6. String lights- Throw up some fairy string lights to brighten up your space in the evening. You’ll find this simple decor completely changes the feel of the room, especially during a summer movie night. Consider hanging up LED vine curtains string lights as a one-step solution for adding light and greenery.
  7. Invest in a diffuser- Not only are there a variety of fun diffusers out there to choose from, but this is also a way to actually freshen your place up for summer. Find the diffuser that fits your style, and then choose scented essential oils that remind you of summertime.
  8. Add Candles– Bright, scented candles throughout the living room are another easy way to enhance the smell of your space and provide you those summertime feels.

Dedicating time to switch up or add new summer living room decor can drastically refresh your space. 

If you’re ready to move on to a new living situation this summer or beyond, let Luxury Living Chicago Realty help you find the perfect luxury Chicago condo for you. Our team of experienced brokers can narrow down the space that best suits your needs. Connect with us today!

Looking for a few more decor ideas for the rest of your space this summer? Click the link below for 20+ tips on how to freshen up your home during the warmer months.

Summer Decor Ideas

Upgrade Your Balcony Decor This Summer

Whether you’re just moving in or your outdoor areas need a refresh, the right balcony decor can positively impact your at-home experiences this summer.

Balcony Decor Ideas for Summer

Check out some of the best ways to make the most of your outdoor space this summer:

  1. Set the tone with the right furniture– Not only is outdoor furniture often the focal point of a balcony, but it is also where you’ll most likely be spending the bulk of your time if you’re outside. Be sure to find furniture that fits your aesthetic while also remaining practical. You can find multi-purpose furniture pieces, like ottoman benches that provide storage and seating all in one.
  2. Outdoor throws are a must- Not only do blankets add a nice decorative touch to a space, but they also come in handy when the temperature starts to cool down. Store the throws in an outdoor ottoman, and bring them out when you spend an evening on your balcony.
  3. Consider a fireplace- Along with blankets, outdoor fireplaces are ideal on cooler nights and they also add a cozy element to the space. Even if your balcony is smaller in size, there are plenty of smaller firepits intentionally built for patios with limited square footage.
  4. Spruce it up with greenery- Outdoor plants bring a space to life. Spend a day at a local plant shop or farmer’s market and find plants that fit your preference. You can then pot your plant in unique pot stands, hang them from the ceilings, or take advantage of window boxes. 
  5. Distinguish zones- If your space allows, treat your balcony like an indoor living room. Consider separating it into different spots to maximize the functionality. Maybe one section is for dining, while the other is for games or grilling, and another is for lounging.
  6. Incorporate mirrors- Instead of traditional all art, try hanging mirrors on your exterior walls. This move can accentuate a good view and ensure people can capture it, regardless of where they’re seated.
  7. Go with a grill- Whether you consider yourself a grill master or you simply like to entertain, investing in a quality grill can improve the use of your outdoor space (and your cooking options). You can go with a smaller grill if you’re working with less square footage, but if space isn’t an issue, find a larger grill that fits your cooking needs.

The outdoor space is just as important as the inside of a home! Be sure to take advantage of these balcony decor ideas to elevate your exterior this summer.

Looking for more outdoor space in your luxury Chicago condo? Ask an experienced Luxury Living Chicago Realty broker about the condo options that might be right for you. Our team members can find you your dream home with your ideal features inside and outside.

Follow the link below for a few more summer decor ideas you can implement throughout the rest of your home!

Summer Decor Ideas

DIY Summer Decor — Get Crafty This Summer

Decorating on a budget? Check out these DIY summer decor ideas.

DIY Summer Decor Ideas

In need of a few summer decor ideas on a budget or just feeling crafty? Keep reading for a few DIY decor ideas you can use for your condo this summer.

  • DIY summer wreath: If your entryway door needs some sprucing up, consider crafting your own summer wreath. Head to Michaels or Hobby Lobby and find a few handfuls of some summery flowers, ribbon, or other summery items.
  • Floral centerpiece: Whether real or artificial, some bright yellow or crisp white flowers swapped in for your kitchen or coffee table centerpiece is another easy way to bring summer inside.
  • Swap out your prints: Head over to Etsy and explore their collection of summer prints to add some tropical beach vibes to your home.
  • Painted planters: Another great DIY summer decor idea is giving your plants’ homes an upgrade. One way to do this is by painting your terra cotta (or other pre-existing) planters.
  • Summer throw pillows: This DIY is a rather simple one, but if your living room or bedroom pillows have a zipper, consider swapping out the pillowcase for a fun, summery print from Society6.
  • Stenciled welcome mats: If you’re an avid lake or beach goer, this DIY summer decor idea is perfect for you. From citrus prints to fun summer quotes, you can let your imagination run wild here.
  • Citrus stamped kitchen towels: Use lemons, limes, or even some unique leaves to bring some of the outdoors into your kitchen this summer.
  • Handmade coasters: Paint anything from fresh fruits to fun stenciled patterns. You could even paste some of your most treasured beach vacation photos, coated with some modge podge for an added layer of protection.

Now that you have a few summer decor DIYs to begin working on, it’s time to find the perfect new home to display them in. If you’re on the hunt for a new downtown Chicago condo, the experts at LLCR can help. Our team of experienced professionals are well-versed in the Chicago market and are equipped with answers to any questions you have about the home buying process. Connect with us today to start your search.

Looking for more summer decor ideas for your living room, office, balcony, and more? Follow the link below for 20+ summer decor ideas for your condo.

Summer Decor Ideas

8 Home Renovation Tips to Add Value to Your Home

If you find yourself asking what kinds of renovations add the most value to your home, you’re in the right place. The best home upgrades vary from person to person, but in general there are a few key areas in your home that you should focus on when going about home renovations to increase your home value.

8 Home Renovations to Increase Your Home Value

Below are some of the most worthwhile home renovations that increase your home’s value while optimizing your return on investment.

  1. Minor kitchen remodel: Upgrading the kitchen lighting, installing a new backsplash, swapping out appliances, or adding a fresh coat of paint to your walls will do wonders when it comes time to put your home on the market.
  2. Upgrade the bathroom: Replacing old lighting, fixtures, vanities, or dated wall coverings is the best bang for your buck when looking to add value to your home. Since the bathroom typically is the smallest room in the house, it’s rather cost effective to install some nicer flooring in this area to boost your resale value even more.
  3. Add some curb appeal: Nothing is worse than a beautiful home with terrible landscaping. This rather cost-effective solution to upgrading your home can be simple through the addition of a few plants or flowers and some mulching.
  4. Replace the windows: Consistently ranked as one of the top home upgrades to boost resale value, upgrading your windows will typically give you about a 75% return on your investment.
  5. Swap out your flooring: If your carpet or hardwood is rather worn down, replacing your flooring will ultimately improve your home value in the long run. 
  6. Install smart home technology: From smart locks and doorbells to high-tech lighting and energy efficient thermostats, the possibilities are endless for upgrading your home with some of these advanced technologies.
  7. Add a fresh coat of paint: One of the easiest and most cost-efficient renovation ideas for your home is to give your walls a fresh coat of paint. Swapping out your dated wallpaper or a funky colored paint for a fresher, more versatile option is a great way to make your home more appealing and desirable.
  8. Finish your basement: Finished basements tend to give homeowners a return of anywhere between 50-75% of their investment, making it another great option for your home renovations.

Now that you have an idea of some of the top renovations you can make to your home to receive the highest ROI, it’s time to get started on the selling process. Connect with one of our experienced team members today to help walk you through the selling process and assist you in the purchase of your new home as well.

Looking for more renovation ideas for every room in your home? Follow the link below!

Condo Renovation Ideas For Every Room

Summer Decor Ideas for Your Chicago Condo

When you’re not out enjoying the beach at your favorite tropical destination, you may be wondering how else you can experience the greatness of summer all season long even when at home. Thankfully, we have plenty of summer decor ideas that you can use to freshen up your condo for the summer season.

Summer Living Room Decor

When summer rolls around, it’s time to get thinking of how you can turn your most-used space into a warm-weather retreat. Keep reading for a few summer decor ideas for your living room:

  • Play up the bold colors: Summertime is for all the bright, cheery colors. Adding a few more pops of color to your space throughout the sunnier months is a great way to embrace all aspects of summer. Consider bringing in a few bright colors and patterns to your statement pieces, decor, or artwork.
  • Organize your beach gear: If you’re an avid beach go-er, this is a must. Having a visually-appealing place to store your beach and outdoorsy essentials for the summer is a great way to play up the summer theme whilst finding a better place to store your most-used summer items. Consider swapping your blanket basket for one that holds your beach towels, sunscreen, and other summertime essentials.
  • Bring on the breezy: From flowy curtains to light throws, adding some shades of white through varying textures and fabrics is a perfect way to feel refreshed and cool during those extra-hot months.
  • Swap out your pillows: If you’re a fan of the darker patterns and colors on your throw pillows, consider exchanging those with fun and bright florals or other patterns for the summer months.
  • Introduce new artwork: An easy way to add some summer accents to your walls without repainting them is switching up your artwork. Consider adding some fun-colored prints or destination maps to your pre-existing  frames.

For more condo decorating ideas for your living room, click here.

Summer Decorations for Your Home Office

With many of us in this new hybrid or fully remote world, your home office is another staple area to bring in some summer decor. Here are just a few summer decor office ideas:

  • Embrace your inner green thumb: Even if you’re not the best at keeping plants alive, there are plenty of plants that are perfect for the summer months and are pretty tough to kill (keep reading for some of our favorite picks!)
  • Light a few summer-scented candles: Adding some linen or lemon-scented candles really elevates the summertime mood, especially when you’re longing to be outside after working for hours in your home office.
  • Play up the mirrors: Since home offices are typically smaller spaces, it’s important to enhance all the natural light within your space by utilizing mirrors. Mirrors are a great way to extend the natural light within a room, which is exceptionally important when we get so much of it during the summer months.

Looking for a few more home office design ideas all year around? Check out our blog on maximizing space in your home office.

Balcony Decor for Summer

It goes without saying that your balcony or other outdoor space is one of the most important spaces in your home to focus on for creating that summer retreat feel. Below are a few balcony decor ideas for summer:

  • Bring the bar cart outside: Since many of your get-togethers will be hosted outside all summer long, it only makes sense that your bar cart moves with you. Here you can host all of the fun cocktail mixers and glassware for those perfect summery drinks.
  • Fire up the fire pit: If your condo allows it, consider adding a fire pit to your backyard. If that’s not in the cards for you, there are also plenty of fire pit tables that use propane or natural gas so you can still achieve those cozy campfire vibes.
  • String some lights: When the sun goes down, some twinkling string lights are a great way to keep the vibes up even after the sun sets.
  • Add an umbrella: If you have some outdoor seating, whether that be a dining table or lounge seating, an umbrella is another great add to your space. Aside from the aesthetic booster, adding an umbrella also protects from the ultra-sunny rays when you want to stay cool.

Decorate with Small Indoor Plants

One of the most cost efficient ways to breathe new life into your space during the summer is with some smaller indoor plants. Here are some of our favorite hard-to-kill plants:

  • Pothos: These low-light loving plants are known for their long leggy vines that look fantastic on shelves. Pothos also tend to grow pretty fast, so they’re a fun one to experiment with.
  • Philodendron: Also an easy-going plant, philodendrons are often touted for their air-cleaning abilities indoors; just another plus of having this in your home!
  • Snake Plant: One of the toughest houseplants, these plants can tolerate almost all types of indoor conditions making it a great pick for an indoor plant.
  • Succulents: One of the easiest plants out there is the succulent. This plant is perfect for starters, as it hardly needs watered or cared for.
  • Aloe Vera: Perfect for summer, you can actually use the gel inside of this desert plant as a traditional sunburn soother. 

DIY Summer Decor

Part of the summer decorating fun is DIYing some of the decor yourselves. Check out a few DIY summer decor ideas:

  • Dipped planters: Speaking of plants, one of the easiest DIY summer decor pieces are painted or “dipped” planters. Tape off an area you want to paint on your ceramic planter and get to painting! When choosing which color to use, consider going with a fun and bright color to play up the summertime theme.
  • Stenciled welcome mats: Perfect for knocking all the sand off your shoes, a stenciled welcome mat is a summer decor DIY must. From watermelons to fun sayings, you can let your imagination run wild here.
  • DIY tote bags: DIYing your own tote bags is great for all the farmers market go-ers. Grab some blank canvas tote bags from your local craft store, cut out a template you’d like to use, and get to painting. When all said and done with your new tote bags, display them proudly on your entryway hooks so everyone can see your crafty endeavours. 
  • Serving trays: The possibilities are endless with this fun DIY summer decor craft. Grab a blank wooden serving tray from your craft store and paint it, add a fun print, or try something unique like mosaic glass or pressed flowers. After hosting your get-together, you can use these trays as a centerpiece for a coffee table or display it on your kitchen island.
  • Handmade coasters: This easy DIY is perfect for your summer parties or any warm-weather entertaining in general. If you’re always in need of a spot to sit your punch, soda, or any fun cocktail, you absolutely need to try this DIY. Paint anything from lemons and limes, to fun stenciled patterns and prints, to photos of your beach vacations, and more. Bonus tip: these coasters are not only great for parties, but they also look great sitting out on your coffee table all summer long, too.

Summer Party Decor Ideas

Want to make your backyard the place to be this summer? Consider adding a few of these summer party decor ideas to your next party to-do list:

  • Style your bar cart: A must for summer parties, make sure your bar cart is stocked with colorful pieces like bowls of citrus, floral and fruity mixers, and fun-colored cocktail glasses.
  • String a garland or lights: Nothing says a summer party like a festive and fun garland or twinkling lights.
  • Play up the bold colors: Hang some fun-colored paper lanterns or play up the summer colors through your table linens.
  • Florals are your friend: For a summertime party, floral arrangements are key. Whether that means bringing out some of your favorite indoor plants or picking up a few bouquets of your summer favorites, florals are a great way to add a little something extra to your summer get-togethers.
  • Get beachy: If you’re hosting a beach-themed party, search for some nautical elements. These accents can be found anywhere from plates and napkins to decor and party food.

Summer is the perfect time to start adding bits of cheery colors, florals, and breezy textures to your home. Now that you have a few ideas for making your home the ultimate summer retreat, it’s time to start decorating.

If you’re looking for a new place with more outdoor space, a balcony, added natural light, or just something different, connect with us today! The experienced Luxury Living team is here to help find you your perfect home, during the summer months or any time after that. Get in touch with us today!

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Tips to Shrink your Property’s Footprint

As a homeowner, you can reduce your property’s footprint and help protect the environment. We’re here to help share some practical ways to do this.

According to the Energy Information Administration, the U.S. residential sector accounts for 21 percent of all energy consumption and is responsible for 20 percent of our country’s carbon emissions. This means that improving your home’s energy efficiency doesn’t just help reduce your bill, but it also helps reduce your property’s footprint.

Check out these simple steps to living a more energy-efficient lifestyle within your home.

Tips to Shrink Your Property’s Footprint

  • Invest in a smart thermostat– Many smart thermostats learn your temperature preferences and establish a schedule that automatically adjusts to energy-saving temperatures when you are asleep or away.
  • Keep your home tightly sealed- Air sealing your property is a great way to avoid leaks and drafts in your home, saving you on heating and cooling bills while improving energy efficiency.
  • Wash your clothes in cold water- Nearly all of the energy the washing machine uses goes towards heating the water. According to the Sierra Club, every household that switches to cold water washing could eliminate about 1,600 pounds of carbon dioxide a year.

Recycling and Waste Reduction

Recycling can minimize the rate of global climate change by reducing the extraction of raw materials from the earth and the amount of fossil fuel burnt in the manufacturing process.

Consider the following to reduce your waste and carbon footprint:

  • Visit Recycle by City to find out what you can do and what can be recycled.
  • Bring your reusable food containers with you to restaurants for leftovers.
  • Find a service that stops sending junk mail.
  • Donate old clothes that are not in great condition to H&M so that the materials can be repurposed.
  • Find a company that will recycle old phones or electronics.

Reducing Toxins

There are multiple ways you can reduce the toxins your property emits to shrink the footprint it leaves:

  • Install a water filtration system to remove lead, pharmaceuticals, and other toxic substances.
  • Switch from non-stick cookware to stainless steel or glass cookware and bakeware. Research shows that the chemicals used to manufacture non-stick coatings can harm human health and the environment.
  • Buy mattresses and couches free of flame retardants, which have been found to be toxic to humans.
  • Use non-toxic paints to avoid inhaling toxic fumes.
  • Invest in an indoor air purifier to help with air quality.

Solar and Clean Energy

These types of energy can significantly reduce the CO2 emissions per unit of electricity. Consider the following:

  • Federal and state incentives can help cover up to half the cost of switching to solar in your home.
  • Power your home with solar energy without installing panels through the program Community Solar.
  • Find out if your roof is a good candidate for solar with Rooftop Resources.
  • Visit Illinois Shines to find out what the state is up to regarding solar power.

Water Conservation

Learn how to reduce your water usage to make your home more environmentally friendly:

  • Run your dishwasher only when it’s fully loaded.
  • Flush your toilets less.
  • Upgrade old showers and faucets with newer efficient models.

Protecting our environment can begin in your home. Start implementing these tips so that you can reduce your bill and the footprint you leave.

Looking for a new construction home with the latest energy efficient appliances and features? Connect with our experienced team of professionals today. We are here to help you find the home of your dreams that checks off all the boxes.

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Condo Vs. House Investment Property — Get the Best Possible Return

An investment property can be a lucrative opportunity in Chicago — but should you buy a house or a condo to get a great return on your investment? There are a few aspects to compare with condo vs. house investment properties, keep reading to learn more.

Condo vs. House Investment Property

When deciding whether to buy a condo vs. a house, there are many things to consider and your return on investment is one of them.

Unfortunately, there is no clear cut answer for which property gets the best return on investment. There are many factors that affect this, including your particular property, the location it’s in, and the current market.

Both condos and single family homes are great investments, but one may be better for your current situation. 

Condos are a great investment for those:

Single family homes are a great investment for those:

  • Who live in more rural areas or the suburbs
  • Who want endless possibilities for renovations/demolitions
  • Who do not want to follow the rules/regulations of an HOA
  • Who are okay with maintaining the exterior and interior upkeep, as well as the landscaping
  • Who plan to house hack, or rent out portions of their residence to generate income

Overall, when deciding between investing in a condo vs. a house, both are great options. No matter which option is the best fit for you, buying is always a great choice for those looking to build equity and achieve a good return on their investment.

If you’re considering buying as an investment property, LLCR can help you find the best opportunity for your budget. Check out the latest Chicago condos for sale or get in touch with us to start your home search.

Still weighing the pros and cons of buying a condo? Follow the link below!

Condo Vs. House Pros & Cons

Rightsizing Your Home — How to Upsize or Downsize to a Condo

Is it time to upsize from your apartment? Should you downsize from your family home? Check out our tips on rightsizing your home.

What Does Rightsizing Your Home Mean?

Rightsizing your home means re-evaluating your current home situation and making an adjustment, whether that be for more space or less. 

Downsizing may be a great move if you consider yourself a minimalist and have lots of extra room but not many material possessions. If you’re finding yourself with too much to keep up with and not enough time to do so, downsizing also might be a good option for you. Retirees and empty nesters are typically more inclined to downsize as well, with the children gone and no need for a home office.

Upsizing is a great move for those who find themselves a little cramped in their current home and in need of some extra storage or living space. Upsizing to a nicer neighborhood may also be the move for you. If your family is expanding, upsizing your home might be a non-negotiable as well.

Cost Differences Between Apartments and Condos

When rightsizing your home, it’s important to take into consideration the cost difference between apartments and condos. 

If you are considering purchasing your own condo, expect to pay much higher up-front costs than if you choose to rent an apartment. However, don’t let these expenses scare you away, as condos are a great investment for those looking to stay in one location for a handful of years or more.

When you choose to rent an apartment, you will generally be required to cover the first month’s rent along with a security deposit and an application fee. The additional costs you can expect while living in an apartment can also include utility fees, parking fees, storage fees, and pet fees.

Purchasing a condo, on the other hand, generally requires a sizable down payment and closing costs. Additionally, condo owners will typically have to pay a monthly HOA fee, which covers any routine exterior maintenance on your building, the upkeep of amenities, and some utilities. This fee tends to be around $200 for a smaller building, to up to several hundred for larger complexes. Additional expenses that come with living in a condo include utilities and any maintenance or upkeep within the interior walls of your space.

Condo vs. Apartment Living

Both condos and apartments are great options for those looking to rightsize their family home. Let’s take a look at some of the pros and cons of condo vs. apartment living.

  • When you live in a condo, your space will be more customizable than that of an apartment. For example, if you want to paint the walls or add all new kitchen appliances, you’re free to do that. As for apartments, you’re still able to make some updates, but you should expect to revert any of your crafty endeavors back to its original upon move-out.
  • Maintenance-wise, apartment living takes the cake. As you are typically not responsible if your refrigerator randomly breaks down in your apartment, you are the responsible one to get that replaced if you’re a condo-owner. Having some added peace-of-mind that you’re pretty much hands-off when it comes to routine or random maintenance is a plus for renters.
  • The types of amenities offered at both condos and apartments is also something worth noting. For the most part, washer and dryers, green space, and some sort of common room are offered as amenities in both condos and apartments. Since condos attract owners rather than temporary tenants, there tends to be more of an incentive to feature more attractive amenities in the condo community. Some luxury condo amenities can include valet-service, coffee shops, concierge, spas, impressive rooftops, and more.
  • If you’re not sure where you’ll be in the next year or so, apartment living may be a good fit for you. With the flexibility of relocation for renters, this is a great option for anyone who is planning to move to a new location for just a year or two before packing up and moving again.
  • Neighbors are also another factor to consider when it comes to apartment vs. condo living. When you’re a condo owner, your fellow neighbors are generally there for 5-15 years. When you’re renting, your neighbors typically don’t stay for more than a few years at a time. If building relationships with your neighbors is important to you, condo living may be your best bet.

How to Downsize From a House to a Condo

After rightsizing your home and discovering that downsizing from a house to a condo is the right move for you, it’s time to spring into action.

There are many adjustments when it comes time to make the transition from home to high rise. While this may seem like a huge shift for you, it can prove to be such an exciting move for many. Below are a few tips for how to downsize from a house to a condo:

  1. Get in touch with your trusted Luxury Living professional. Having an experienced agent by your side throughout this process will make for less headaches for you and assure you that things are moving in the right direction.
  2. What is the goal of your move? After you find your trusted agent, it’s time to sit down and have a conversation with them about the goal of your move and what you’re looking for in a new condo. Since you plan to downsize from a house to a condo, this may be a two-part transaction. Let your agent know your situation and they will be able to help you list your current home all whilst finding you a new condo.
  3. Create your condo checklist. When you dive into your new condo checklist with your broker, be sure to include everything from the style of the building to any features or finishes and location. From there, your agent will get you set up on the MLS to start receiving new condo listings daily.
  4. Get pre-approved. Note, as you begin shopping for your new condo, it’s important to get pre-approved first. This will allow you to have a leg up on other buyers when it comes time to put an offer in. 
  5. Begin touring homes. If you find a home that you’d like to explore more of, connect with your broker and set up a time to explore more in person.
  6. Land the deal. After you find a home you like and are ready to make the offer, your real estate agent will help you get the deal with their many negotiating tactics and strategies.
  7. Time to close. If you hear the good news that your offer was accepted, there are just a few additional steps you will need to take when closing on your home. To uncover the final steps of your condo buying journey, click here.

Downsizing Home Checklist for a Better Condo Moving Process

If you’re in the closing process for your new condo, it’s time to start running through the checklist and begin your downsizing process:

  1. Get your moving plan in place. When is your move-in date? And do you need to hire movers? Begin working on finding movers within your budget and time frame, as this will allow for a more seamless moving process when your moving day rolls around.
  2. Consider creating a floor plan for your new condo and decide which of your larger furniture pieces will fit and which won’t be making it to the new place. Getting the larger items sorted out first makes the little stuff much easier.
  3. Create a vision for your space. After you’ve decided which big furniture items you are keeping, it’s important to consider if you will be redesigning your new space. Creating a vision for your space will help when it comes time to begin paring down your smaller furniture and decor pieces throughout your current home. Click here for more tips and tricks when starting the design process.
  4. Start paring down your belongings. Once you have a plan in place with where your furniture will go and the new look and feel of your space, it’s time to start paring down your belongings in your current home. Start by taking inventory of everything within your home and begin making a checklist of what items to move into your new condo and which items to part with. Remember, every little thing you can get rid of when it comes time to move makes the moving process much easier.
  5. It’s packing time! After you’ve finished decluttering your space, it’s time to get packing. One thing to note when packing: be sure to leave out a few day-of and next-day items like your toothbrush and a change of clothes, as you probably won’t be able to tackle all of your boxes on move-in day.
  6. The waiting game. So you’re all packed up, you have your moving plan in place, and a vision for your brand new condo. What next? If you’re all geared up and ready to go, it’s just a waiting game until move-in day.

Rightsizing your home is a big change and there are many factors to be considered before doing so. If you find yourself asking questions about if rightsizing is the best move for you, connect with the experienced team of Luxury Living professionals today. Whether you choose to move to a Chicago condo or apartment, we are here to help you every step of the way.

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Looking for More Living Space? Check Out These Chicago Condos for Sale

If you’re looking to buy rather than rent or looking for more space, consider a Chicago condo. The Windy City offers plenty of spacious places to call home. 

Check out a few of our favorite Chicago condos for sale:

Chicago Condos For Sale

Norweta – 2633 + 2643 N Hermitage Ave – These unique 2- and 4-bedroom condominiums provide residents with a charming living experience in the heart of Lincoln Park. They offer ample natural light, wide-open layouts, perfect room dimensions and spacious private terraces. The Penthouse Collection at Norweta provides a stunning multi-floor living space ideal for everyday resort-style living and entertaining, along with large private outdoor spaces offering amazing city views.

Alcove Wicker Park – 1648 W Division Street – These Wicker Park condominiums and duplexes feature 2-4 bedrooms with open floor plans, high ceilings, and designer finishes. A single floor could be up to 2,400 square feet. Residents can enjoy expansive private outdoor space plus a rooftop deck with city views and a landscaped courtyard outside the building’s front door. Townhomes feature 3-4 bedrooms with a spacious penthouse room located on the top floor. 

Triangle Square Condo – 1701 W Webster Avenue – This new collection of 72 exceptionally designed homes in East Bucktown features expansive living areas filled with natural light, perfect for entertaining or relaxing at home. Prospective owners can choose from two- to three-bedroom units with options for dens or office space.

One Bennett Park – 451 E Grand Avenue – These ultra-luxury condominiums are located in the lively Streeterville neighborhood, nestled on Chicago’s north lakefront. Residents have the choice among two to four-bedroom residences with custom interiors. They can take advantage of 5,000 square feet of private amenities and soak up views of Lake Michigan and the Windy City skyline.

Tribune Tower Residences – 435 Michigan Avenue – A Chicago Architecture masterpiece now plays host to ultra-luxury condo residences. Located in the historic Tribune Tower in River North, these homes boast spacious layouts range from one to four bedrooms. The Tribune Tower hosts 162 residences with 56 different floor plans. It also features over 55,000 square feet of amenities over four floors of the building as an extension of your home. Don’t miss a once-in-a-lifetime opportunity to own a home in one of Chicago’s most iconic buildings.

Cirrus – 211 N Harbor Drive – The beautiful building features an array of luxury condos in the Lakeshore East neighborhood. Choose from one, two, three, and four-bedroom penthouses, townhomes and deluxe penthouses with contemporary finishes. Each unit boasts floor-to-ceiling windows framing unique views of the city and Lake Michigan.

Upgrade your space and consider these roomy condos or our other new construction Chicago condos available. An LLCR  team member can help you make the transition from renting to buying seamless. Connect with us today!

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The Property Tax of a Condo Vs. House and Other Costs to Consider

As one searches for the right home, there are many elements to consider, including the different costs involved in the purchase. If you’re deciding which type of home is best for you, make sure to compare the property tax of a condo vs. house.

The Property Tax of a Condo Vs. House

Some people assume that the property tax is lower for condos since this property type tends to be smaller than single-family homes. However, this is not always the case.

Property tax is determined by both a home’s assessed value and the mill levy or local tax rate for your area.

Multiple factors impact a home’s assessed value, including square footage, number of bedrooms, updates and other internal characteristics. However, indirect characteristics, such as neighborhood and current state of the market also affect that number. An assessor is the one responsible for evaluating the home’s value based on all of these factors.

If you are looking for an updated luxury condo in a popular Chicago neighborhood, the assessed value could be higher than that of a larger single-family home outside of the city.

The State of Illinois is known for its steep property tax rates. Cook County is no different, with an average effective rate of 2.1%, nearly double the national average.

So when comparing property tax of a condo vs. house, the answer isn’t black and white. A buyer must investigate the value of their property and the tax rate in the area to understand the expected property tax rates of potential properties.

Other Costs to Consider

Beyond property taxes and sale price, there are other costs that a buyer should keep in mind when comparing condos vs. single-family homes.

Insurance and homeowner association fees are two significant expenses that one needs to determine before closing on a property.

Homeowner insurance is typically lower for a condo since the HOA shoulders some of the coverage. The HOA is often responsible for covering the roof and exterior features of the home.

However, to be members of homeowners associations, condo owners are expected to pay monthly or annual dues to their HOA.

Some single-family homeowners also belong to HOAs, which means the owner will also be responsible for member dues. However, luxury condos tend to offer more amenities than single-family home communities, which can bump up those costs.

Although belonging to an HOA comes with membership fees, this type of membership can save a homeowner money. If you are considering a property that has an HOA, determine what expenses they cover. It is common for condo associations to pay for maintaining the exterior part of the property, including landscaping and snow removal. 

As you begin weighing the property tax of a condo vs. house and wrapping your mind around other costs, it may seem overwhelming. Let the Luxury Living Chicago Realty team help simplify this process and find you the perfect home. Connect with one of our experienced team members so we can help you with this journey!

For more pros and cons of buying a condo vs. a house in Chicago, follow the link below.

Condo Vs. House

Buying New Construction 

Deciding to purchase a home comes with many other choices, including the decision to buy completely new construction.

While there are plenty of reasons brand new builds are so appealing to homeowners, some factors may incline buyers to go with a more established property.

So what’s the right choice for you?

New Construction Versus Established Properties

There is something attractive about a brand new, sparkling clean home that has never been lived in by anyone else. This factor alone draws many people to new builds.  

With new construction, there is no need for updating or renovating. New builds are complete with modern designs and finishes, and often the latest technology and coolest amenities.

New builds can also make great investments. They enable owners or landlords to avoid the regular maintenance and repairs that often come with older homes.

Some new builds enable the buyer to personalize the home, ensuring the details within are unique and custom. Additionally, many new homes are in up-and-coming areas with high rental demand and excellent returns, making them a great investment.

Sometimes a homebuyer may-opt out of buying a brand new home. This is often the case for buyers who are interested in more of a fixer-upper. Older homes can also make excellent investment properties, especially if the buyer can purchase it at a fair price and renovate to increase the home’s resale value.

As you compare new construction to established properties, it’s important to keep in mind that material costs are expensive. Building a new home with quality materials is not cheap, but neither is renovating an older place with new materials.

Both choices come at a cost, but it is ultimately up to the homeowner to decide which route makes the most sense for them.

LLCR’s New Construction

Luxury Living Chicago Realty is excited to announce our website’s “New Construction” page. Here you can find all of the available new developments here in the Windy City.

At the moment, there are multiple new properties worth considering. Check out these brand new buildings throughout Chicago:

  • 1400 W Monroe – Located in the booming West Loop neighborhood, this new construction building designed by MoJo Summer features modern layouts, custom-designed kitchens and loft-style windows that allow for natural light, and spacious suites.
  • Cirrus – The beautiful building features luxury condos in the popular Lakeshore East neighborhood. Each residence includes sleek and modern finishes, 9-foot ceiling heights, quartz countertops, energy-efficient Bosch and Gaggenau appliances, floor-to-ceiling windows framing unique views of the city and Lake Michigan, and more.
  • Norweta – These unique 2- and 4-bedroom condominiums provide residents a charming living experience in the heart of Lincoln Park. Each meticulously crafted unit boasts perfect room dimensions, tons of natural light, and wide-open layouts that work for every stage of your life. 

To learn more about our new construction or tour one of the latest luxury condos in the Chicago market, connect with one of our agents today.

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A Guide to Homeownership Grants and Programs

At Luxury Living Chicago Realty, we want any potential homeowner to walk through the buying process as informed and confident as possible. That is why we have put together a guide to homeownership grants and programs.

Here are different Illinois and Chicago homeownership grants to consider or be aware of:

  • 1st Home of Illinois- The Illinois Housing Development Authority introduced this financial assistance program to help first-time home buyers purchase the home of their dreams. It helps with down payment or closing cost assistance for first-time homeowners and veterans purchasing existing homes.
  • Federal Home Loan Bank of Chicago Downpayment Plus & Plus Advantage- The Downpayment Plus Programs offer its members easy-to-access down payment and closing costs assistance programs for very low-, low- and moderate-income home buyers to help them afford upfront costs associated with purchasing a home. These expenses are either paid in a forgivable grant or offered by a nonprofit organization.
  • IHDAccess Forgiven- This mortgage program provides 4% of the purchase price up to $6,000 in assistance for the down payment and closing costs. This money is considered a gift and is forgiven monthly over ten years. First-time and repeat homebuyers across Illinois are eligible for this program.
  • IHDAcess Deferred– This financial assistance program provides 5% of the purchase price up to $7,5000 for the down payment and closing costs. The funds are offered as an interest-free loan and deferred through the life of the mortgage.  First-time homebuyers and repeat buyers are eligible for this mortgage. The borrower must have a minimum credit score of 640.
  • IHDAccess Repayable– Those who qualify for this mortgage receive 10% of the purchase price up to $10,000 in financial assistance for the down payment and closing costs. The funds provided are considered an interest-free loan and repaid monthly over ten years. 

Illinois and the city of Chicago also offers a variety of programs and initiatives for homebuyers:

The homeownership grants and programs offered in Illinois and Chicago have helped ensure that more people can make securing their dream home a reality. If you are looking to find your very own place to call home, connect with one of our real estate experts today!

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National Homeownership Month

June is National Homeownership Month!

Homeownership is a big step and is one that requires a lot of preparation and work. If you’re ready to start your home buying journey, we have a few homeownership tips and tricks to share with you.

Benefits of Owning a Home

Owning a home comes with many benefits, from building your credit to just having a space to call your own. Here are just a few additional benefits to homeownership:

  • Building equity: Equity is the difference between what you owe on your mortgage and what your home is currently worth, according to Quicken Loans. The more equity you build, the more borrowing and purchasing power you have, which is helpful if you’re looking to buy a second home or take out a home equity line of credit.
  • Price appreciation: Homes tend to go up in value over time. The national average for home appreciation is 3.5-3.8% per year. This may not seem like a lot, but if you multiply that by 30 years, you’ve earned a substantial amount just through appreciation.
  • Tax benefits: Buying a home is a great way to reduce your final taxes because the IRS automatically qualifies homeowners for various tax breaks. This is one of the ways that the government has promoted Americans to purchase homes.

These are just a few of the many benefits of homeownership. If you’re interested in learning more about some additional benefits of owning a home, connect with one of our experienced team members today.

Preparing to Purchase Your First Home

If you’re a first time homebuyer and are not sure where to start, you came to the right place.

When preparing to purchase a home, there are a few steps you should take before starting your house hunt:

  1. Connect with your real estate agent and conduct a buyer’s consultation
  2. Get pre-approved by a lender
  3. Start gathering for a down payment
  4. Find the right partners
  5. Consider your timeline

For more in-depth information on these 5 steps to prepare to purchase your first home, click here.

The 10 Steps to Buying a Home

When you’re ready to embark on your home buying journey, it’s important to get an idea of what the actual home buying process entails.

Buying a home is a big step that involves a lot of financial and market research, as there’s a whole new vocabulary of words and acronyms to learn. 

If you are just beginning the process, here is an overview of 10 steps to buying your first home:

  1. Ask yourself: are you ready to buy?
  2. Check your credit report and score
  3. Start gathering for a down payment
  4. Find the right partners
  5. Get pre-approved by a lender
  6. Start shopping for a home
  7. Make the offer
  8. Get a home inspection and appraisal
  9. Close on your new home
  10. Move-in & consider various post-closing tasks

Ready to dive deeper into these 10 steps to buying a home? Click here.

From your first buyer consultation to many years down the road of homeownership, the Luxury Living team is here to help you at every step of the way.

If you’re ready to start the home buying conversation, connect with us today!

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Consider These Pros and Cons of Buying a Condo

If you find yourself asking “Why buy a condo?”, we’re here to help answer your question. There are many pros and cons to consider if you’re planning on buying a condo; and it’s important to do your homework before deciding on which style of home to go with.

Pros and Cons of Buying a Condo

Condos are a great option for those looking to buy their first home or even for those that are just looking to simplify things a little bit. Whether you’re a first-time homebuyer or an experienced homeowner, many agree that living in a condo has tons of positives:

  • Location: One of the biggest upsides to buying a condo, especially in the city, is the proximity to all the things the city has to offer. Since there aren’t many single-family homes for sale in downtown Chicago, a condo is a great way to achieve homeownership while still being within walking or short driving distance to many of the city’s top restaurants, nightlife, and attractions.
  • More Options: Living in the city means there are many more condo options available than there are single-family homes. This means you can be choosier in your home search with things like location, amenities offered, square footage, and more.
  • Amenities: Another great plus to living in a condo is that the building comes with added amenities. These amenities can include a fitness center, pool, and outdoor lounge areas.
  • Less Maintenance: While you are still in charge of any maintenance within the inside walls of your condo, you are generally not responsible for the exterior upkeep and landscaping at your condo building. Whether you’re a first-time homebuyer or just looking for a little less upkeep, this is a great plus to condo living.
  • More Affordable: In larger cities, condos tend to be more cost-efficient than single family homes or even townhomes. Not only are the price points a lot less, but condo-owners tend to get cheaper insurance as well, making your monthly payment significantly lower than single-family home owners.

It’s important to not only look at the positive side of things with condo-ownership, but also some of the negatives:

  • Rules and Regulations: One of the most important factors you have to consider before moving into a condo are that there are a few condo rules and regulations set by your condo’s HOA that you have to follow. These rules can limit what you’re able to do inside and/or outside your unit, like tearing down any walls in your condo or keeping in mind a few rules when using the common areas.
  • More Fees: With condo-ownership comes additional condo HOA fees. This amount ranges depending on the building you choose to live in, but the HOA fee typically covers routine building maintenance, amenity upkeep, landscaping, garbage removal, and more.
  • Less Privacy: Living in a condo means you share walls with other condo-owners, which also means a bit less privacy for you. For those moving from renting an apartment to owning a condo, this won’t be too noticeable for you. But for those looking to move from a single-family home to a condo, this is an important factor to keep in mind.
  • Less Space: Typically, owning a condo comes with a little less space. When living in the city, the location and amenities within your building come at a cost, and that cost typically is the lack of space. With those just starting out on their home buying journey or those that live with minimal stuff, this isn’t a huge problem for many city dwellers.

If condo living sounds like the perfect fit for you, it’s time to start exploring your condo options in the Chicago area! Get in touch with the Luxury Living team today to assist you in your search and answer any other additional questions you may have about buying a condo or home buying in general.

Still weighing the pros and cons of buying a condo vs. a single-family home? Follow the link below for everything you need to know before deciding whether a condo or a single-family home is best for you.

Condo Vs. House

Is a Condo a Good First Home? Why to Consider a Condo Before Buying a House

There are so many questions when it comes time to buy your first home, and deciding whether to buy a condo vs. a house is one of them. Keep reading to uncover a few reasons as to why a condo is a good first home.

Is a Condo a Good First Home?

The short answer is… yes.

If you’re on the hunt for a new home in Chicago, here are a few tips as to why condos can serve as good first homes:

  • First and foremost, condos tend to come at a cheaper price point than most single family homes do. You can typically save anywhere between 10-15% when opting for a condo over a house.
  • With the cheaper price point comes a lower amount of money needed to put down on a condo. Since you can now put anywhere between 3-5% down with a good credit score, owning a condo is much more attainable than you may think.
  • Another great advantage of owning a condo as a first-time homebuyer in Chicago is that there are many more condos on the market than single family homes. Choosing a condo vs. a house means you get to be choosier with your new home, including the location, amenities, interior finishes, etc.
  • One of the other key points to purchasing a condo as your first home is the minimal amount of effort needed to maintain it. In most condo buildings, there will be an HOA that covers things like exterior repairs, landscaping, some utilities, and amenities. There will be additional monthly HOA fees involved in this upkeep for everyone in the building, but it’s a lot less stress on you. This is a huge advantage, especially when navigating your first homeownership experience.
  • Another plus of owning a condo in Chicago is a shorter commute. Since reasonably priced single family homes are few and far between in the heart of the city, condos are a fantastic option for those looking to stay in the hustle and bustle.
  • Amenities are also a great addition to owning condos over single family homes. In some condos, you can enjoy shared pools, outdoor patios, fitness centers, parking garages, and more.

Overall, condos check off many of the boxes for those looking for a first-time homebuyer experience. Condos typically tend to be just the right size, they have great resale value especially in the city, it allows you to build some equity, and there are less headaches to run into thanks to the additional help from your HOA.

First-time homebuying can be stressful, but we are here to help make the process as seamless and stress-free as possible. If you’re looking to buy your first home, the compassionate experts at LLCR can help answer any questions you have, as well as lead you through the process in finding your new home. Contact us today to start your search.

Looking to dive deeper into the pros and cons of buying a condo vs. a house? Follow the button below!

Condo Vs. House Pros and Cons

Condo Vs. House — The Pros and Cons

Are you ready to purchase a home but not sure what property type will best suit your needs? We are here to help you make the decision that is best for you!

Check out the pros and cons of buying a condo vs. a house in Chicago.

Pros and Cons of Buying a Home

Purchasing a single-family home is a big financial move. It is one that many people plan and save up for, but is buying a home the right move for you? It is an investment that requires weighing both the pros and cons. 

So what are the benefits of owning a detached home?

  • Space: A home usually provides more space than a condo or apartment. You can expect more square footage inside, possibly more floors and a backyard or garden outdoors. 
  • Privacy: Along with more space, not sharing a wall and having your own yard guarantees some added privacy, further from neighbors. This can bring an added level of peace and quiet.
  • More Freedom: When you don’t co-own a space, you have a lot more control over what you do with your property and how you take care of it. There are more possibilities for renovation and expansion.

While many people enjoy homeownership, it is important also to be aware of the disadvantages to purchasing this property type:

  • A Higher Purchase Price: While detached homes provide more space and freedom, homeowners pay for these perks. The asking price for single-family homes is typically higher than that of condos.
  • More maintenance: Unless you decide to hire someone to maintain the appearance of your home, that is a cost and job that’s on the homeowner shoulders.
  • Housing taxes: Single-family home taxes tend to run higher than condos because the value of these properties is also higher. So be sure your bank account is prepared for these additional expenses if you are considering buying a home.

Condo as a First Home

There are plenty of reasons why a condo makes an ideal first home. First and foremost, you will find that most condos are more affordable than single-family homes. In fact, condos tend to be priced 10 to 15 percent lower than single-family homes.

Because condominiums tend to cost less, the amount of money needed to put down on a condo is also lower than what is required to purchase a single-family home. With a good credit score, you can typically put just three to five percent down. This can make buying your first home much more attainable.

If you have never owned a home before, a condo makes a fantastic first purchase because it requires less home maintenance than a stand-alone home, which can alleviate extra work and stress. HOAs manage condos and typically take care of a lot of the outside work and maintain amenities or community spaces.

Pros and Cons of Buying a Condo

Along with being more cost-effective and less maintenance, condo ownership comes with additional perks:

  • Convenience: Many condos, especially in downtown Chicago, offer a central location with proximity to city living. Condo residents often find themselves within walking distance of parks, grocery stores, retail shops, and public transit.
  • Amenities: Shared amenities attract many potential condo buyers. Why wouldn’t you want a pool, gym, and community clubhouse all just a few steps away from your home? While amenities vary depending on the condo, you can choose which amenities are non-negotiable during the browsing process.
  • Community: Condo living can help create a tight-knit community. With residents living close to one another, it’s easy for neighbors to connect simply by crossing paths or when using shared amenities. 
  • Security: It is not rare for Chicago condo buildings to provide security measures. Some buildings offer surveillance cameras or 24/7 security guards to keep an eye on the people coming and going. Living in close proximity to others also means that if there were an emergency, you would have plenty of people to turn to.

While condo living comes with many benefits, there are also some downsides to keep in mind:

  • Shared walls: Living in a condo means you are bound to share at least a few walls or floors with neighbors. That is why corner units or units with soundproof walls are favorable.
  • Lack of privacy: While condos open up opportunities for a great sense of community, if you prefer distance between your neighbors, then condo living may not be for you. 
  • More rules: Condo owners have to abide by the rules and regulations set by the HOA. This may limit what they can do inside and outside their unit, including painting or adding exterior features.
  • More fees: HOA membership also comes with monthly dues that owners are obligated to pay. While these expenses fund extra maintenance provided by HOA, not everyone is a fan of the increased costs.

Condo vs. Home Resale Value

Among the many benefits of purchasing a condo includes the condo’s investment potential and resale value.

The resale value is what a buyer in the market will pay for your property. Generally, condos tend to sell more quickly than single-family homes even in a down-market because of lower costs. 

While it’s often said that detached homes typically appreciate more than condos, meaning that their value increases more over time, this is not always the case. In fact, over the last decade, condos have routinely outpaced single-family homes in appreciation.

Additionally, Chicago appreciation has proven that the Windy City is an excellent market for condo investments.

If you are leaning more toward a single-family home, rest assured that the Chicago real estate market remains competitive and favorable for these property types as well. Strong economic and job growth make Chicago an ideal place to invest, whether you decide on a condo or home.

Tax Benefits of Buying a Home or Condo

Whether you purchase a condo or single-family home, you will find that this significant purchase comes with unique tax benefits.

Owning residential property is a great way to reduce your final taxes because the IRS automatically qualifies homeowners for various tax breaks. This is one of the ways that the government has promoted Americans to purchase homes.

Additionally, if you decide to use your condo or home as a rental property, you do not owe taxes on the earned rental income. 

Whether you are still weighing condo vs. house, or you are ready to find your dream home, one of our experienced real estate experts would love to help you. Connect with a team member today!

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Smart Home Gadgets to Upgrade Your High-Tech Condo

With increasing technology, you may be surprised by all of the smart home gadgets out there on the market. Many of the smart home technologies are designed to make your living experience more convenient and cost-effective.

Check out just a few smart home technology ideas to implement in your condo:

  • Smart locks: This smart home gadget is great for convenience and safety. Rather than worry about where you left your keys or if you forgot to lock the door, smart locks can track your location and automatically lock your door if you’ve left the premises. You can even use a voice assistant to set specific times to lock and unlock your door. The August Smart Lock is one smart lock option that has fantastic features and reviews.
  • Smart doorbell: Whether or not you already have a home security system, installing a wireless smart doorbell camera can also provide an extra level of security and surveillance. Not only are the cameras an excellent visual deterrent, but they can also offer valuable video footage and give you more peace of mind when answering the door. You can check who’s at your condo whether you’re home or not. The Eufy Doorbell 2K and the Ring Video Doorbell wired with Echo Dot are great options on Amazon.
  • Smart speaker: Speakers have come a long way over the years. Along with improved sound quality, many have impressive additional features. Powered by a virtual assistant, smart speakers can play music without you touching a button, answer questions, set reminders and more. The Amazon Echo speakers offer a wide range of selections.
  • Smart lighting: This next-level lighting promotes convenience and energy-saving. Smart bulbs can help cut costs, create customized light settings and allow you to turn off lights when you’re not even home. Check out the highly-rated Phillips Hue bulbs to find the exact bulbs you need.
  • Smart thermostat: Nearly half of the energy used in most homes goes to heating and cooling. Smart thermostats can help you cut back on energy and money spent by learning when you’re home. Some can pick up your habits without you having to program them; or you can also create an automated schedule through an app on your phone. Consider installing the Nest Learning Thermostat for your condo.

While this list covers some of our favorite smart home gadgets, there are even more ways to step up your condo’s convenience and smart-home game. 

If you’re ever looking to move, partner with an LLCR agent that has the expertise to help you make the best out of condo living. We would love to help you find a place with smart home features already installed or provide you with ways to improve the condo you find.

Need more renovation ideas for different areas of your home? Follow the link below to view our blog post about renovations for every room.

Condo Renovation Ideas For Every Room

Condo Bedroom Ideas — Remodel This Essential Room

If your condo bedroom isn’t working for you anymore, it may be time to start thinking about ways to renovate. An upgraded bedroom can not only breathe fresh life into the space, but it can also give you a great ROI of anywhere between 40-80%.

Before starting on any work, make sure you understand your condo’s renovation rules beforehand. There may be some rules and regulations in regards to what you can and can’t do within your space.

Renovation Ideas for Condo Bedrooms

The first step to remodeling your bedroom is gathering inspiration. Picking paint, flooring, window treatments, etc. is much easier when you have a vision for your space, so consider starting off by going through a few initial interior design processes before you start picking finishes.

Now, onto a few condo renovation ideas for your bedroom.

  • One of the biggest upgrades you can add to your bedroom is by upgrading the closet space. Whether that be adding a completely new walk-in closet or just swapping out the wire shelves for some build-outs, improving your closet space is a great addition to your bedroom.
  • Another great way to add value to your condo bedroom is by adding extra space wherever possible. If an extra linen closet or other area in your home is no longer serving you, consider knocking out some walls to create a larger bedroom.
  • On the flip side, if you have too much space, consider converting one bedroom into two. This is one of the biggest value-adds when it comes to resale time, so if you can get away with creating an extra room, this is a great choice.
  • One of the quickest and easiest ways to upgrade your bedroom is by painting or wallpapering your walls. Since your bedroom is where you get your rest and relaxation, your wall coloring should reflect just that. Think neutrals, greens, and blues, like Benjamin Moore’s Simply White, Wind Chime, or Constellation.
  • If your bedroom is in need of some new flooring, consider going with carpeting or hardwood flooring. Carpeting is one of the best choices for a bedroom, as it’s a cozy choice for when you roll out of bed in the morning with your bare feet. If you opt for hardwood, you could also consider adding a shag rug for extra comfort.
  • Lighting is everything when it comes to renovating a room. When you’re remodeling your bedroom, just make sure there are different levels of lighting, such as bedside lamps, floor lamps, and ceiling fixtures. Another great add to your ceiling fixtures is a dimmer switch; as this is perfect for when you’re looking to unwind with a good book before catching some zzz’s
  • Speaking of lighting, it’s also important to have the correct window treatments installed in your bedroom to block out all of your natural light when you’re ready to hit the hay. Smart home technologies always get fantastic ROI, so consider adding motorized smart blinds to your windows.

If you’re ready to find a new condo to renovate or one that already has all the latest updates, LLCR can help. We have an experienced team of professionals to help you every step of the way when looking for your perfect home with the right number and size of bedrooms. Contact us today to start your search.

Looking to update other areas of your home? Check out our recent guide for condo renovation ideas for every room.

Condo Renovation Ideas For Every Room

How to Turn Your Bedroom Into an Office — Working from Home in a Condo

Since many companies now have shifted to a hybrid or completely remote work environment, it’s time to start brainstorming how you can create a permanent office within your home.

If you have an extra bedroom or nook in your current bedroom, you’re in luck. We have plenty of tips and tricks for ways you can maximize your work-from-home space in your bedroom.

A few renovation ideas for turning a bedroom or part of a bedroom into an office

Before embarking on your renovation journey, make sure you understand your condo’s renovation rules first. There may be rules and regulations as to any walls or other structures that you’re able to alter.

One of the easiest ways to create an office in your home is to turn an empty bedroom into your new office. Here are a few renovation ideas for turning your spare bedroom into an office:

  • If the room needs new flooring, consider adding wood, vinyl, or laminate floors. This makes it easier for your office chair to move around instead of being stuck on the carpet.
  • In addition to swapping out your floors, you could also invest in some good lighting. Since the majority of your day is spent working, it’s important to have good lighting throughout the space. If you have plenty of natural light this task will be much easier, but if you don’t have that luxury consider adding recessed lighting, a statement chandelier, or even a lamp or two.
  • Another way to breathe life into your new spare-bedroom-turned-office is to paint the walls. Since your home office should be a place of productivity, there are certain colors you should lean towards when choosing what to cover the walls with. According to My Domaine, Sherwin-Williams Iron Ore, Benjamin Moore Vanilla Milkshake, or Farrow & Ball Treron are just a few great neutrals when looking to paint your office. 

If you’re working with limited space and need to create your work-from-home spot in your current bedroom, here are a few ideas for you:

  • Have an extra closet that you don’t use? Consider knocking out the shelves and adding a desk. You could also take off the closet doors to create a built-in look or keep them on to hide your excess paperwork and clutter.
  • If you have an odd nook or bay window, you could also create a custom-sized desk to fit the space and finally make use of that awkward area.
  • Another bedroom office renovation idea is utilizing built-ins. Create a seamless look by having one wall of a custom built-in desk, wardrobe, makeup vanity, and/or bookcase, etc.

If you’ve tested out some of these renovation ideas already and are still finding yourself needing a little more space, you may need a larger condo!

The Luxury Living team is here to help you find a new home that suits your needs, whether you need a little extra space for your home office or are just looking for something different. We are here to discuss your current needs and to help answer any questions you may have about the home buying process. Connect with us today to get started.

Ready to renovate another area of your home? Check out our blog post using the link below about renovation ideas for your entire home.

Condo Renovation Ideas For Every Room

Finding a New Home: Why Buy a Condo?

If you are not ready to commit to a single-family house in the suburbs, but looking to build equity in an urban city instead, consider investing in a condominium.

We are here to share all the perks of owning your own property and help answer the question, ‘why buy a condo?’

Why Buying a Condo Can Be Better Than Renting an Apartment

Owning a condo opens up opportunities that you can’t find with an apartment rental. Not only does the purchase provide a long-term investment, but condo owners also have more freedom and control, as well as a greater sense of community.

When a buyer purchases a condo, they automatically become a member of the homeowner association. This membership offers a great chance for residents to interact with other community members to strengthen relations and discuss community matters.

Homeowner associations also promote self-governance. This means that owners have the final say in the rules and regulations that community members must abide by, unlike apartment residents who have no say in the property expectations.

Overall, most condo residents also have a high level of control over their property. While rules and regulations vary from condo to condo, most provide owners with a large amount freedom over their interior unit. This also means the ability for owners to customize their space. Unlike apartment residents, those living in a condo can manage interior renovations and pick what appliances they want.

Benefits of a Long-Term Investment

Rather than writing a monthly check to your landlord, and having no equity to show for your payments,  consider putting your money towards an investment.

While you may initially spend less renting an apartment, there are plenty of long-term financial benefits that come with owning a condo.

Appreciation and tax benefits are two major incentives to a condo purchase. As a home appreciates, it accrues faster than a stock might because you get the appreciation on the entire home’s value, not just the gain your down payment cash invested. Also, homeowners are allowed to deduct mortgage interest and property taxes when they file tax returns each year.

Additionally, owning a house ensure more financial consistency. If you obtain a fixed-rate mortgage, your mortgage is guaranteed to remain the same, while rent costs around you may be on the rise.

How to Find the Right Condo for You

When searching for the dream condo, it is critical to find a home that fits all of the essential criteria.

This may involve an extensive search, especially with the abundance of options Chicago has to offer. However, finding an experienced broker can streamline the process. A broker can offer valuable knowledge of the area and compile options that provide everything you are looking for in a condo.

Instead of asking yourself ‘why buy a condo’ it is now time to determine ‘what condo should I buy?’

Condo Bathroom Remodel Ideas for Better Style and Functionality

A condo bathroom remodel can do wonders for your space and your peace of mind. If your current bathroom needs an update, check out these remodeling suggestions.

Condo Bathroom Remodel Ideas

A Paint Job – It’s amazing the transformation that a fresh layer of paint can do. Whether your bathroom needs a new coat, or a new color, consider refreshing the walls. If you don’t feel like painting, consider a funky wallpaper for the space.

An Accent Wall – If your entire walls don’t require a complete paint job, consider choosing an accent wall to spruce it up a bit. This is an excellent way to provide a little flair and fun in a smaller bathroom

New Tile – If you want to add a creative touch, check out adding some fun new tile. You’ll be amazed at what new flooring can do for a bathroom.

Mount the Towel Hanger on a Door – If you’re looking to maximize space, attaching a towel hanger to your bathroom door is a simple way to achieve this. It’ll leave more wall space to decorate or add additional elements.

Floating Shelves – If you’ve got free wall space and need more storage, floating shelves are a great and practical option.

A New Vanity – A bathroom vanity often feels like the focal point of a bathroom. If you’re not in love with your current vanity or need a more functional option, invest in one that fits better with your aesthetics or offers more storage. Round vanities work well in small, square bathrooms. 

Toilet Room – If you’re sharing a master bathroom and don’t already have a separate room designated for the toilet, consider this project. It allows for more privacy and functionality of a bathroom.

Shower Niches – To avoid clunky over-the-showerhead organizers, a recessed cubby in a shower or tub is a great way to clean up the look of your bathroom in a practical way.

Radiant Floor Heating – Living in a Chicago condo means you’re bound to experience some chilly winter mornings. Radiant heat beneath your tiles is a wonderful solution for cold floors and cold feet.

If you’re planning on moving forward with a condo bathroom remodel, be sure to first understand your condo’s renovation rules before beginning any work. HOA’s often have restrictions around these types of home improvement projects and you want to make sure you’re up to speed with all of the guidelines.

For those looking for a new condo, Luxury Living Chicago Realty can help you find the perfect home with the right number and size of bathrooms for you and your family. Connect with one of our licensed brokers today to begin the search process.

For more condo renovation ideas for your new home, check out our comprehensive guide below.

Condo Renovation Ideas For Every Room

Condo Kitchen Remodel — Get the Kitchen You Want in the Space You Already Have

The kitchen is one of the spaces in your home that you spend the most time in, so it’s important that it is well designed for your everyday needs. If you’re looking to remodel your condo kitchen, we have some ideas for you below.

Condo Kitchen Remodel Ideas

Before embarking on your condo renovation journey, make sure you understand your condo’s renovation rules first.

After uncovering any rules and regulations within your building, it’s time to start the remodeling process. The first thing you should do before looking to remodel your condo kitchen is to gather inspiration. Pull things like textures, colors, and other materials that you want to base your new kitchen design around, and then begin picking finishes and features. For a deeper dive into the initial design process, check out our helpful guide to luxury interior designNow, on to a few kitchen renovation ideas.

One of the best ways to give your kitchen a complete makeover is to change out your cabinetry. Cabinetry takes up a lot of space, so updating these can completely change the look and feel of your space. If your cabinets are completely outdated, it may be best to just rip them out and get brand-new ones; but if they’re just a little dated, consider giving them a fresh paint of color. You can’t go wrong with white, black, or gray, as the neutrals tend to stay timeless.

Hardware goes hand-in-hand with your cabinetry updates, so when you make the switch on your cabinets consider doing the same with the hardware. Some of the most trending finishes right now are brass, mixed metals, and natural finishes like solid wood and stone.

When updating your cabinetry and hardware, you will most likely be swapping out your countertops too. Quartz is a fantastic option, as it’s a timeless choice and is extremely durable. Other popular countertop ideas include raw wood, natural stone, and acrylic solid surface countertops. Another recent trend is a seamless countertop that runs up the backsplash. If you have a stunning piece of stone, this is a great way to showcase the beautiful veins and details in it.

Speaking of backsplashes, upgrading your kitchen backsplash is another way you can elevate your space. If you’re looking for an alternative to the classic subway tile, interior designers suggest looking into handmade and organic backsplash tiles with out-of-the-box shapes and textures.

Another kitchen renovation idea that can increase the value of your home is adding stainless steel appliances. Stainless steel is all the rave nowadays, so it’s a big bonus when it comes time to sell and you have these sleek appliances. Whirlpool, LG, or Bosch are just a few great picks. Aside from the classic stainless steel refrigerator, dishwasher, and range, consider adding a beautiful stainless steel range hood into the mix as well for that extra “wow” factor.

Looking for a cheap and easy way to breathe new life into your kitchen space? Consider painting or wallpapering the space. If you want the focal point to be your cabinetry, backsplash, or countertops, it’s best to go with a more neutral color on the walls so the focus can stay elsewhere; but if you’re looking to amp up your kitchen space, go all out with a pop of color or even some wallpaper. 

Another way to add value to your home is by upgrading the kitchen floors. According to designers, flooring trends that are up and coming include terracotta tile flooring, concrete, mid-tone woods, and patterned tiles. If you’re in need of a durable pick, you can’t go wrong with solid and engineered hardwood, porcelain tile, or vinyl.

If you’re ready to start the search for your new home to remodel or a brand-new luxury home, LLCR can help. Our team of experienced professionals are well-equipped with industry knowledge to help you find your perfect place.

Looking to renovate other areas of your home? Check out our complete guide to condo renovations for every room below.

Condo Renovation Ideas For Every Room

Condo Renovation Ideas for Every Room

Renovating your condo can help turn your house into a home and is also a great way to improve the value of your home.

If you are looking to freshen up spaces in your condo, consider these renovation ideas for every room.

Kitchen Renovation Ideas

Whether you’re looking for a complete gut renovation or a smaller scale kitchen facelift, there are many different ways to add value to your kitchen.

One of the largest improvements you can make to your kitchen is upgrading your kitchen cabinets. This can include completely swapping out your old cabinets for new ones or just giving them a fresh paint job. In addition to switching out your cabinetry color, adding new hardware to your cabinets can also add to the look and feel of your space.

If you upgrade your cabinets, you’re more than likely going to want to consider upgrading your countertops as well. If you’re going for a long-lasting option, a neutral quartz or granite countertop is a great way to go. 

If your space allows, you could also add an island. An island is such a great addition to your kitchen space, as it allows for more room to prep your food, adds a little extra storage space, and you can also use it as additional bar seating as well. When mapping out your island, just be sure there’s at least 42” of space between the kitchen counter and the island and there’s enough space for an island at least 4’ x 2’, but ideally larger. When choosing your island materials, you could either choose a cohesive palette to match the kitchen counters or mix it up by going with a complimentary scheme. For example, you could use white for the kitchen cabinets and black for the island, but feel free to play around to find a combo you like best.

When renovating your kitchen, you could also swap out your current appliances for brand new ones. Stainless steel is all the rave right now, so you truly can’t go wrong with those. If you’re working in a small space, there are also plenty of appliances built for small condo living you could incorporate throughout the space as well.

Another quick and easy renovation idea that you could do to upgrade your kitchen is adding a splash of new paint. No matter the vibe of your home, a fresh coat of paint can always help the space feel brand new. If you’re looking for a timeless color, you can’t go wrong with white, beige, gray, or any other neutral color.

If you want to showcase some of your beautiful kitchenware, you could also swap out a few cabinets for open shelving. If you need some inspiration, Pinterest has loads of ideas on what types of materials work best with your cabinets and finishes.

Calling all coffee aficionados and wine enthusiasts! Creating a space for your most beloved beverages is a must, but if you don’t have space to store them or you don’t want to leave them out on the kitchen counters, consider creating a wet bar in an unused corner of the kitchen.

Living Room Renovation Ideas

In addition to the kitchen, the living room is one of the spots you spend the most time in at home, so it’s important that your space feels homey and inviting.

One of the best ways to do this is to create more open space. If you have a closed-off living area, consider opening up some walls into the kitchen or dining areas to allow for more light to flow throughout your home. This will require getting in touch with your HOA for approval and local contractor to be sure any walls aren’t load-bearing.

Another renovation idea for your condo living space is to paint the walls. Lighter colors make your space feel more open and light, but there isn’t anything wrong with throwing a splash of color on the walls every now and then either. If you’re up for something a bit different, try out wallpaper on a wall or two. This trend is well on its way back and we highly recommend.

A great way to elevate your living room to the next level is by switching up the flooring. The most popular flooring for living rooms is hardwood, as it’s ultra durable for all the traffic throughout the space. If you’re leaning towards carpeting the living room, look for a low-pile option, as this tends to withstand the wear and tear of everyday life a bit more than other options.

Elevating your lighting situation in your living area is another way you can enhance your space. Recessed lighting is always a great option, but consider adding a chandelier or other statement light to give the room a more professional finished look.

If your living area doesn’t have a focal point, consider adding one of your own. One of the best ways you can do this is by adding a fireplace. Electric might be best if you’re working with a condo, but you can add a gorgeous tiling or brick surround to really bring the wow factor up a notch.

Fireplace not an option? Try a built-in bookshelf as your focal point. This will act as additional storage and a way to show off your personal belongings, prized possessions, and plethora of books.

Once your living room renovations are complete, consider these decorating tips and tricks to elevate your space even more.

Bedroom Renovation Ideas

Bedrooms are the place to get some shut eye, so it’s important to make sure your space feels calm and relaxed.

If you haven’t already updated your wall color or flooring, those are two simple ways to elevate your bedroom space. As for the color, choose something soothing like blues or beiges. For the flooring, carpeting is a great pick to amp up the coziness, and it also adds a little extra warmth for when you roll out of bed in the mornings too.

Another renovation idea for your bedroom is adding a walk-in closet or closet organizers where room allows. Turn that awkward unused space in your room into a closet or amp up the one you currently have by adding built-ins so you can have a perfectly organized closet all year around.

If you have a huge bedroom that you don’t even know what to do with, consider converting the space into two bedrooms. This one may require a little back and forth with the HOA, but if you get the green light, it’s a huge value-add to your property.

Tons of windows but no seating space? Consider adding a built-in bench. Creating a space to sit while putting on your shoes or curling up with a good book is so important for a bedroom, and it’s made even better if you can position it in front of a few windows. Bonus: built-in benches are also great for the storage you can get out of it too.

Another great way to elevate your bedroom space is by adding a wall-mounted headboard. This could cover the entire portion of your wall or just the little space above the bed, but adding a wall-mounted headboard helps create the focal point of the space. You could install a wall-mounted headboard with built-in side tables for more compact spaces, or make a big impact by covering the entire wall in upholstered wall panels or stained wood.

If you already have a headboard, you could also consider adding some floating shelves above the bed for additional decor and storage.

Bathroom Renovation Ideas

The bathroom may just be the easiest spot to upgrade on a smaller budget because of its size.

Paint and flooring take the cake again for the easiest two ways to really upgrade your bathroom. In the bathroom, it’s okay to splurge a little on the flooring since it’s such a small footprint. Consider adding that tile you’ve been dreaming about but was too expensive to go all out in the kitchen. As for the paint, neutral never disappoints, but wallpapering is another great pick for the bathroom. Since it’s a smaller space and you won’t need as much, wallpapering will give you less of a headache and is less of a burden on your wallet. 

Another way to upgrade your bathroom is to optimize your storage by swapping your pedestal sink for a vanity. Doing so allows you to get rid of any clunky storage devices you were using in the bathroom and hide it in the new vanity. And if you already have a vanity in your bathroom but it needs an update, consider painting it to match your new style and throw in some updated hardware as well.

You could also switch up the metals throughout your bathroom. Instead of going for a full-out nickel or brass set, switch it up by throwing a black neutral hardware into the mix.

Another great addition to your bathroom is an upgraded showerhead. You could pick one with multiple sprays, an eco-friendly option, or a smart showerhead.

Installing new tiling is another option when you’re looking to renovate your bathroom. You could just swap out new tiles in the shower, or you could extend the tiling throughout the bathroom halfway up the wall as well.

Office Renovation Ideas

Our home offices have quickly become our new best friend and there’s no sign of it slowing down any time soon.

The first thing you can do to elevate your office space is by fixing up the walls. If you’re looking to paint, blue is a great color for an office, as it’s known to stimulate the mind. Neutrals always go well in this space too, especially if it’s small. And if you’re looking for something a little more outside of the box, wallpapering is a great option too.

Another renovation idea for your home office is to create a reading nook. This could be a built-in bench by a window or just pull up some accent chairs to a corner and add some built-in bookshelves beside it.

To help define the space a bit more, you could also consider adding some french doors to your home office. This also helps bring more light into the space.

If you’ve been working from your couch or dining space and are in need of a workspace of your own, you could create your own desk nook within an unused closet space. Throw a different color or wallpaper in the closet, hang some shelves, add a desk, and voila!

For more ways to maximize your office space, check out this blog.

Smart Home Condo Renovation Ideas

Smart home integration is such a great upgrade to your space, as it will help with selling your place down the road and takes your living experience to the next level.

Smart thermostats are one of the most popular features in homes that we’re seeing today. These smart home upgrades allow you to create automatic temperature settings based on your daily schedule or weather conditions and can also connect to Alexa for a further seamless experience.

Built-in speakers are another great option when looking to upgrade your home. Speakers can get clunky and wiring can be an eyesore, but integrated speakers in the ceiling is a great option for creating a luxe space in a minimalist setting.

Another smart home renovation idea is to upgrade your electrical switches and outlets. Newer homes are accommodating USB ports so you no longer have to worry about the charging blocks.

There are many questions you may have when you begin your condo renovations, so be sure to check out our blog about everything you need to know before you start your condo renovations.

Ready to find your next home to renovate? Take the next step in your home-buying process and reach out to one of our experienced professionals today. They can help answer any questions you have and provide you with further insight on your home buying journey.

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Senior Broker Spotlight: Sam Kahn

Sam Kahn serves as Director of Listings for Luxury Living Chicago Realty where he works around the clock with clients looking to purchase, sell, or rent throughout Chicago.

As one of the top agents at Luxury Living Chicago Realty, Sam has been involved in some of the most successful building sell outs/lease ups across the city. Sam is also recognized and awarded as a Top Producer by the Chicago Association of Realtors and a member of TAN’s (Top Agent Network) top 10% of agents in the city.

An Ohio native, Sam made his way to Chicago after spending his undergraduate years earning his sports management degree from The University of Kansas. When he’s not deep in real estate deals, Sam likes to spend his free time working out, watching sports, and running along the lake path.

Share some of your experiences as a Chicago broker

Where do I even begin?  Starting off as an agent in 2013, I was working on every lead imaginable. Going to neighborhoods I didn’t even know existed. Working at price points I didn’t think had options available. But truthfully starting at that level has elevated me throughout nine years to where I am today. I consider myself a full service broker. I work with rental clients that have a $2000 budget up to buyers looking for properties north of $5 million and selling properties at every range.

I’ve worked with athletes, A-list celebrities, friends of mine from high school, co-workers, you name it. Making sure you don’t just “pigeon hole” yourself into a certain category has allowed me to grow my business organically, thus has given me different experiences throughout the city. I love working under pressure and with timelines. We don’t sit in front of a computer (although we do drafting up paperwork and sending emails), so every day brings a sort of unique challenge.

 I remember my first listing and sale like it was yesterday. I just began at Luxury Living Chicago Realty late 2015. Our managing broker Aaron Galvin called me into his office and told me he had repeat investor clients that were looking to cash out on their investment and sell their one bedroom condo. The condo was located in River North at 757 N Orleans Street.  I knew what I was doing from working on a team at my previous real estate company but I didn’t know what I was doing from start to finish. Aaron told me I’m going to go to the property at 10AM the next morning and meet a photographer for photos. Within 48 hours of meeting the photographer that morning we had 7 full priced offers and about another half dozen agents requesting to show the property. From the moment Aaron gave me the listing to the moment it closed was under 1 month. From that point on I was absolutely hooked and enamored with selling real estate. Fast forward to as I’m sitting here typing this out I just rented two very nice ivy league grads 1-bedroom apartments downtown and put together a $3 million dollar sale all in the same day. Real Estate never sleeps. You never know what opportunity is going to present itself next, but if you make sure to put a smile on your face, be available for your clients, and work on every opportunity that comes your way, you’ll feel very satisfied 9 years later.

Why do you do what you do?

 Honestly I enjoy it! I see new properties every day in different neighborhoods and different price points. I grew up with real estate in my family, as both my parents are agents in Cleveland, OH where I grew up.  When I was younger, I remember vividly hammering my mom’s for sale signs in the yard at new listings she was putting on the market. I went to school to pursue a career in sports management, but when I moved to Chicago I was so enamored with the real estate market and working in such a fast paced industry. I began working in real estate in early 2013 and couldn’t envision myself doing something different.

What is your favorite part of your job?

 Closing a deal and the joy it brings to a new buyer, seller or renter. Your home is your most expensive asset and you also spend the majority of your time at your home as opposed to anywhere else. It’s so fun to help advise people and guide them throughout this decision. I like meeting new people and every day in real estate is different and there is always an opportunity to learn something new. Even after spending almost 9 years as a real estate agent, I continue to learn new things.

 What is your best experience as a broker?

 My favorite experience as a real estate agent has been working on the Norweta Condos in Lincoln Park. I had sold new construction before but never represented it as the listing agent.  Luxury Living Chicago Realty took over the project and its remaining 10 condos, and with being the Director of Listings meant I was the lead agent handling the project. There were 4+ agents at different companies all to have a chance with this listing, but since I have taken over we have sold the most challenging units left and the most expensive sale in the 32-unit complex.  The experience I’ve gained from working on this development has furthered my knowledge and expertise in the Chicago real estate market, allowing me to help better assist my clients across my entire portfolio.

If you’re in the market to rent, buy, or sell your home, reach out to Sam today!

Connect with Sam

What are the Tax Benefits of Buying a Home?

Purchasing a home is an enormous investment. While this important purchase may require a substantial financial sacrifice, it also comes with big incentives, including financial benefits around tax season.

Luxury Living Chicago Realty wants to help you understand and potentially take advantage of the tax perks involved in house ownership.

How Taxes Work

For every American, taxes are an inevitable part of adulting. Every year, individuals, businesses, and organizations have to pay earned money back to the government to fund various operations, from road maintenance to the construction of new buildings.

While you can’t avoid paying taxes, tax deductions may help reduce your final payment back to the IRS.

So what exactly is a tax deduction? Essentially, it’s an expense that someone can write off or subtract from their gross income. Deductions help reduce a person’s taxable income so that they can pocket more of their paycheck.

As a taxpayer, you want to learn what tax deductions you are eligible for so that you can maximize your net income.

Tax Breaks for Owning a Home

Buying a home is a great way to reduce your final taxes because the IRS automatically qualifies homeowners for various tax breaks. This is one of the ways that the government has promoted Americans to purchase homes.

While homeowners are eligible for standard IRS deductions, you may potentially qualify for even bigger tax breaks if you itemize your deductions. However, itemizing your deductions only makes sense if your individual deductions combined exceed the standard IRS deductions.

The IRS allows homeowners to receive the following deductions automatically:
$24,800 for married couples filing jointly
$12,400 for single filers and married individuals filing separately.
$18,650 for heads of households.

To determine whether or not it’s worth itemizing your deductions, first add up all qualifying homeowner deductions and additional tax deductions that you qualify for. Then, if the total exceeds the standard IRS deduction, go ahead and itemize your deductions.

So what expenses fall under homeowner deductions?

  • Mortgage interest
  • Interest on Home Equity Loans
  • Discount points
  • Property taxes
  • Home office expenses
  • Medically necessary home improvements

Additionally, if a person chooses to rent their home out, they do not owe taxes on the earned rental income from their own homes. This is one of the reasons that homeownership makes such an attractive investment.

If you are already in the market for a home, hopefully the tax benefits of homeownership provide another incentive to buy.

For help finding the perfect property and any additional questions related to homeownership, connect with one of our licensed team members today.

And don’t forget that the extended tax deadline is quickly approaching. Be sure to file by May 17th!

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Senior Broker Spotlight – Riely Joosten

Riely Joosten is a Senior Broker with almost 10 years of real estate experience. Riely began his career in real estate in 2012 and continues to grow YoY since then, helping several clients along the way.

At Luxury Living Chicago Realty, Riely helps buyers and sellers understand their specific needs and assists to ensure a smooth transaction. Born and raised in the Lincoln Park neighborhood of Chicago, Riely’s extensive knowledge of the Chicago market allows him to provide clients with everything they need for their home buying journey.

Riely moved out of Lincoln Park for a few years to attend business school in Colorado, but shortly moved back to enjoy all that Chicago has to offer. When not engulfed in real estate, you can find Riely out golfing, relaxing on the lake, and trying out all the incredible restaurants that the city has to offer. 

Share some of your experiences as a Chicago broker

I was first licensed as a Leasing Agent way back in 2012 and I joined Luxury Living as Broker Associate in early 2018. I was promoted to Senior Broker in April of 2019, awarded #2 top producer for all of 2020 at Luxury Living Chicago (Brokerage), and started a team at the end of 2020. I also recently gained Real Estate Negotiation Expert (RENE) designation in March of 2021.

Why do you do what you do?

I love Chicago, real estate, and helping people. Sharing my knowledge of the city that I have spent close to 30 years living in plus using the experience that I’ve gained being in the industry for almost a decade to help people navigate the process and achieve their real estate goals.

What is your favorite part of your job?

No two days are the same.

Looking at spectacular homes in all of Chicago’s unique neighborhoods is a nice perk. I’m a sucker for views.

The people. I’ve met so many interesting, smart, and kind people over the years; they help make the job fun.

What is your best experience as a broker?

It’s too hard to pick just one but all of the wonderful relationships I’ve developed are the best part of my job. So many “clients” have become great friends over the years. Getting invited to weddings and watching families and people grow over time is fun to watch and I’m grateful to be a part of it.

In the home buying or selling process? Get in touch with Riely today

Connect with Riely

The Best West Loop Tacos to Order In

Tacos aren’t just for Tuesdays. This dish makes an excellent food option any day of the week. Having a taco night at home is a great activity for the whole family

If you live in the West Loop neighborhood or plan to in the future, make sure to note the restaurants with the best West Loop tacos to order. Each location offers curbside pickup and delivery.

Best West Loop Tacos

  • La Josie – 740 W Randolph St – Located in the heart of West Loop right on restaurant row, this intimate Mexican eatery offers delicious, classic dishes. With 13 different tacos to choose from plus other dishes, there is bound to be something on the menu that appeals to everyone. You can find a handful of various meat, seafood, and vegetarian options.
  • Federales – 180 N Morgan St – While this funky warehouse setting makes a popular place to dine-in, their tacos to go are also a great call. Choose from the six classic taco options or if you’re feeling more adventurous, find one of the seven signature tacos that calls your name. You can expect homemade tortillas or substitute lettuce shells if you’re watching your waistline.
  • Cruz Blanca Brewery – 904 W Randolph St – While this Mexican brewery is known for its original beer, they also cook up some tasty tacos. You can choose from single tacos or taco plates, depending on you and your parties’ appetite. The lamb cheeseburger taco is a fan favorite and a must-try!
  • Bar Takito – 201 N Morgan St – This Latin-inspired menu offers incredible small and large plates, including tacos. While all seven taco options will have your taste buds watering, the chicken tinga is still one of the most popular items on the menu. 
  • La Lagartija – 132 S Ashland Ave – This authentic taqueria serves an array of classic and hearty tacos. Everything is made from scratch with the highest quality ingredients, so you can’t go wrong with whatever you order.
  • Blue Agave Tequila Bar  – 579 W Kinzie St – Along with terrific tequila, This family-owned restaurant features authentic Mexican recipes made from scratch with the finest ingredients. If you’re thinking about ordering tacos, consider the mini tacos. This is a great way to try a variety!

 

 

If you don’t call West Loop home but you’re interested in making a move to this trendy neighborhood, Luxury Living Chicago Realty can help.

We have an experienced team of licensed brokers who would love to find you the home of your dreams. Connect with us today so we can begin the home buying process and find you a new condo near the best West Loop tacos.

 

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Trusted Real Estate Brokers in Chicago

Finding a home in the Windy City may feel overwhelming with an extensive amount of choices, from the abundant properties available to all the real estate brokers in Chicago.

Buying, selling, or renting a home is no small decision. That’s why it’s crucial to team up with a trusted real estate broker who knows the Chicago market and has the experience to streamline your search.

At Luxury Living Chicago Realty, we deliver top-notch service with a team of licensed and knowledgeable real estate professionals. We are a boutique, luxury brokerage focused on residential rentals and sales.

Discover what sets our luxury brokerage apart from other companies in Chicago.

Our Process

Our process provides a complementary and tailored approach that has helped thousands of luxury renters and buyers find a new place to call home. Every step is well thought out with your best interest in mind. 

Here is what you can expect if you choose to work with us:

  1. Prompt response – We will provide an immediate response to help establish your expectations and criteria.
  2. Agent match – We will always partner you with a professional and licensed real estate broker.
  3. Process expertise – From mortgages to inspections, we can provide advice and professional recommendations.
  4. Streamlined search – We will offer guidance to help you navigate the current sales market.
  5. Skillful negotiation – We’ll be your advocate and work to ensure that you get the best deal possible.
  6. Total guidance – We’ll be by your side through every complicated step of buying a home.
  7. Complete resource – We will become your trusted real estate resource for anything you need in the future.

Since the COVID-19 pandemic, we have also adapted all of our policies to follow safety precautions and guidelines.

Our Team

The people behind Luxury Living Chicago Realty are what makes our work so exceptional. We stand apart from the competition through our unparalleled dedication and service to clients. 

Agents work one-on-one with clients to find an home that fits all of their specific criteria. They share insights gained from years of experience in Chicago’s real estate market and not only truly listen to clients’ feedback, but also take that feedback into consideration to guarantee the process is as efficient as possible. 

We recognize the intrinsic relationship between diversity and excellence and are committed to creating an open and equitable culture in all our endeavors.

Broker Spotlight

Get to know a few of our phenomenal senior brokers, all eager to help you find your dream home:

  • Sean Holland – Sean Holland is originally from Rochester, NY where he went to school for marketing and finance. While attending business school, he traveled to multiple large cities around the United States and knew he would call Chicago home after his very first visit. Sean’s goal has been to build lifelong relationships with his clients by providing them with a great service experience and a wonderful home. Sean uses his deep knowledge of the local market to find his clients the absolute best option. To date, he has helped over 300 clients find their home in Chicago. Sean’s ability to quickly understand his client’s diverse perspectives is one of his many strengths.
  • Riely Joosten – Riely Joosten is a Senior Broker at Luxury Living Chicago Realty. He has been helping real estate clients find new homes in Chicago since 2012. In addition to being an expert in Chicago’s luxury rental market, Riely became a licensed real estate broker in 2013 to assist with buying and selling homes and investment properties, as well as leasing. Riely was born and raised in the Lincoln Park neighborhood of Chicago. His passion for the outdoors drew him to Colorado for college, where he attended the Leeds School of Business at the University of Colorado at Boulder. After graduating, Riely returned to Chicago to pursue a career in real estate. His extensive knowledge of the city and a focus on clear, timely communication has enabled him to provide his clients both excellent information and customer service.
  • Lynn Kummerer – Lynn Kummerer serves as a Senior Broker, utilizing her broad scope of 20+ years in real estate. She is well versed in all areas of real estate and has sold over $40 Million to date, was awarded as Top Producer in 2016 and 2017, relocated thousands of employees to and from Chicago through her referral base of the city’s largest employers, and managed over 80 agents. She works with buyers, sellers, investors, renters, relocation companies and talent acquisition professionals throughout Chicago. Lynn manages a team of agents, at the ready, to work with all of your needs within the Chicago real estate market. Lynn is timely, efficient, and thoughtful in her approach to clients. When negotiating on her client’s behalf, she understands that this is their most important current financial decision. 
  • Mollie Posch – A Chicagoland native, Mollie Posch is a natural choice to turn to when deciding who to represent you for all your real estate needs. With 6+ years of experience in the luxury leasing and sales market as well as staffing and training agents, her seasoned experience and passion for the business help her provide knowledgeable insight for her clients.  Her dedication and fun approach have created a long-term referral base. Whether you are buying, selling, or looking to rent, Mollie will help you find your perfect new home. When Mollie isn’t busy scheduling and managing her portfolio, you can find her with her family. Whether it’s her kids sporting events or family barbecues, she’s most happy when surrounded by her family.
  • Vanessa Kanavos – Vanessa Kanavos serves as a Senior Broker for Luxury Living Chicago Realty. She graduated from DePaul University with a Bachelor of Science in Business Administration. An Illinois native, Vanessa has proudly called Chicago home for over 10 years and loves exploring all of the unique neighborhoods this city has to offer. Vanessa helps her clients find the perfect home by listening to what matters most and creating a highly personalized experience. With a background in hospitality, she provides exceptional customer service and strives to make choosing a home as fun and stress-free as possible.

Along with our fantastic senior brokers, you can learn more about the other team members who make up Luxury Living Chicago Realty here.

Neighborhoods We Serve

The Luxury Living team serves all of the best Chicago neighborhoods to accommodate an array of living preferences. Within each area, we boast listings with different price points, amenities, and benefits.

If you’re looking for a home right in the heart of all of the action, consider living downtown in the Loop or River North.

For those looking for a bit more peace and quiet, check out the gorgeous condos and apartments available in neighborhoods like Lincoln Park or Logan Square.

Whether you’re a Chicago native or brand new to the city, Luxury Living Chicago Realty is here to help you find the right home in the right location. Let our team of trusted real estate brokers in Chicago help you with your home hunt!

 

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Senior Broker Spotlight – Mollie Posch

Mollie Posch is a Senior Broker and Chicago native. Mollie has over 7 years of experience in the luxury real estate market, as well as experience training and staffing agents.

At Luxury Living Chicago, Mollie helps clients find their perfect home through her dedication and fun approach to buying and selling homes. 

When Mollie isn’t deep in real estate deals, you can find her with her family at kids sporting events or family barbeques.

Share some of your experiences as a Chicago broker

I have had the pleasure of working with some incredible clients over the past 7 years. I am very passionate about helping my clients from the beginning all the way to the end. 

Why do you do what you do?

Combining the two things I love is an absolute dream for me. Working with people to help find their dream homes is such a joy and the real estate market has always intrigued me. 

What is your favorite part of your job?

My favorite part of my job is guiding people through the process. It is not an easy one and requires a lot of patience and knowledge. 

What is your best experience as a broker?

Many obstacles and emotions are surrounded by a transaction. It is my job to keep those emotions in check and educate along the way. I feel very grateful to have a job I can say I love.

If you’re in the home buying or selling process, get in touch with Mollie today!

 

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Senior Broker Spotlight – Sean Holland

Sean Holland is a Senior Broker with almost 10 years of real estate experience. Sean has helped over 500 clients, many of which are repeat clients and referrals, find their perfect home in Chicago.

At Luxury Living Chicago Realty, Sean helps clients at every step of the way from preparing first-time homebuyers with everything they need for their first home purchase to navigating stressful situations throughout the home buying process with experienced home owners.

Originally from New York, Sean found his home in Chicago after traveling to many cities across the country while attending business school. Sean is an avid griller and is known to fire up the grill even in Chicago’s freezing temperatures. Aside from his grilling passion, he also enjoys cycling, partaking in summer street festivals, and relaxing on Chicago’s beaches.

Share some of your experiences as a Chicago broker

There have been many! From year-long deals that turn sales to rentals and back to sales, to long negotiations that go nowhere, to finding clients the perfect home. 

Why do you do what you do?

The flexibility is nice outside of busy seasons like being able to get in a workout or go for a bike ride when it’s slow. The knowledge that my success is largely in my own hands is also a big one. Not having a “boss” besides myself is nice. Ultimately it’s very satisfying creating long-term relationships with people. The homefinding/buying experience is a unique one and it’s one, if done properly, you and your clients will never forget. My clients put a lot of trust in me and I take that responsibility seriously.

What is your favorite part about being a broker?

My favorite part of the job is always having a pulse on the market and having valuable information for my clients. I get to be a part of their lives too – they send me pictures and videos of renovations, how they’ve laid out the place, the paint job. It’s a lot of fun seeing their vision become reality.

What has been your best experience as a broker?

I’ve had clients come from various countries across the world including India, England, Egypt, Venezuela, China, you name it. When moving here, I’m the “portal” that introduces them to Chicago, IL – USA. They usually have no idea how to find a home and those are the most gratifying experiences. I’ve truly touched those people and they are always thankful and relieved when they’ve finally found their new home.

Looking for a new home or gearing up to sell your current one? Connect with Sean today!

 

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Work With Us

Get in touch with Luxury Living's team of experienced licensed real estate brokers and take the first step in buying or selling a home in Chicago.