Compass Greater NY, LLC
Ann Marie Damashek, GRI, CBR, SRES, Compass Greater NY, LLCPhone: (917) 623-0624
Email: [email protected]

Live-Work Properties: A Brief Guide

by Ann Marie Damashek, GRI, CBR, SRES 01/31/2021

Photo by Archi_Viz via Shutterstock

Many urban areas promote the concept of working where you live, or living where you work, to simplify your life. But what does that mean when you’re buying real estate? 

The main difference is in zoning requirements and building codes. Those that are primarily zoned as residential offer fewer options for commercial enterprises. Those zoned for industry often appear in areas of urban renewal where former warehouse conversions offer work-spaces and lifestyle lofts.

When historic buildings go through the renewal process, they are often repurposed as living space with attached retail. For example, creating occupancy areas that otherwise would decay into disuse sometimes allows for relaxed residential standards that let artists and musicians enjoy higher sound levels or use of solvents that new construction zoning and code requirements would not allow. 

Who Occupies Live-Work Properties?

Often, communities of artists or musicians join forces to live in joint, workspace facilities. Some urban centers have created “Artists’ Projection Zones” that impose rent controls, property price-increase limitations and other restrictions to create affordable living and working space for artists. These locales determine occupancy based on adherence to specific rules of their artistic endeavors.

Other live-work spaces appeal to business start-ups and entrepreneurs. These spaces develop an incubator atmosphere where the lack of commute inhibits the interruption of ideal flow. Some interdependent industries share the same space to reduce the need to ship product or services outside the facility.

Telecommuters and virtual employees fit better into the residential live-work facilities. Often, these buildings offer high-speed internet, access to shipping and delivery services and community spaces to gather for a meal or socializing.

Whether it’s a studio above a store-front, converted warehouse, or repurposed factory, if you thrive in an energetic and industrious atmosphere, a life-work space may be right for you. When seeking a live-work space, let your real estate agent know what you’re looking for so that you find that perfect situation.

About the Author
Author

Ann Marie Damashek, GRI, CBR, SRES

Ann Marie Damashek has always been a natural at helping people prepare their homes for sale. She started out with a successful business selling goods for people on eBay. "Nine times out of ten they were hiring me because they were down-sizing,” Ann Marie says. "So I decided to get my license. I said, ‘Might as well sell their house too.’” The transition was a smooth one and for nine years she’s had a thriving full-time real estate business that allows her to marry her entrepreneurial spirit with her passion for helping others. With an office in Larchmont, New York, she serves all of Lower Westchester County, with her primary market in the Sound Shore region. The majority of her business is "sphere of influence” with former clients referring her to friends and family. A gifted communicator, Ann Marie quickly builds trust and rapport with her clients by being both thoughtful and responsive; she understands that during the purchase or sale of a home, a quick response time is crucial. "I am very accessible,” Ann Marie says. "I always make time for my clients. They can call me, text me, email me up until 10 o’clock at night and I will respond. I’m available on weekends. I get back to people very promptly. I’m very customer service-oriented.” Her clients appreciate her professionalism, passion and enthusiasm and as a result her repeat and referral rate continues to grow each year. While selling real estate is serious business, Ann Marie knows that at times humor and a moment of levity can be a relief to clients. While she has a laidback and easygoing personality, she can be assertive when needed on her clients’ behalf. She loves being of service to them, and the continually changing nature of the work keeps her engaged and fulfilled. "It’s never boring,” Ann Marie enthuses. "Every day is different. That’s probably what I like most about it. But I also enjoy helping people sell or buy and educating them about the process. I love helping them achieve their goals.” This ethic of service has resulted in well-deserved recognition. Ann Marie has received the Westchester Magazine Five Star Real Estate Agent Rating four years running, in 2015 and 2016 she was the #1 agent in her office, and she’s a Zillow 5-Star Premier Agent. To keep in touch with former clients, Ann Marie sends cards to mark special occasions or reaches out via email. To market her listings, Ann Marie uses Multiple Listing Services (MLS), as well as Listingbook.com, a service that allows both agents and their clients access to MLS data. She also uses a Facebook business page and ads to boost new listings or promote upcoming open houses. "That drives a tremendous amount of traffic,” Ann Marie says. She also uses the most popular real estate websites such as Zillow and Trulia. A strong believer in giving back, Ann Marie sits on the Board of Trustees of her church and is involved in a variety of social justice projects. She’s affiliated with Furniture Sharehouse, a furniture bank for Westchester County, which collects and distributes gently used furniture free of charge to those in need. "I love it on so many levels because as a realtor, it’s helps my sellers downsize through charitable donations. I like the environmental aspect of it as well. And it helps people who truly need things.” She’s also involved in Impact 100, a women’s philanthropic giving organization. In her free time, Ann Marie enjoys gardening, traveling, and spending time with family and friends. For the future, Ann Marie wants to continue expanding her business and developing her brand, and she someday hopes to grow a strong team. But her main goal is to stay in the real estate business, helping her clients to achieve their dreams.