Monday, February 20, 2012

Home buying tips: Large modern condos on the North Side...for a price

Here our clients view a newer construction, modern condo unit that may fit the bill. It's cheaper to own than high-rise or a converted loft building renovations but more rare to find a "wow" factor.

Our buyer clients are looking for modern, big open 2400 sq/ft plus space on the Near North side to Lincoln Park with "wow" factor. This often means big monthly assessments.  We have to take all costs into consideration and get creative when looking for modern aesthetic condo homes that meet a client's budget.

Large, one floor spaces or appropriate duplex-up spaces are often located in high-rise buildings with "combined units".  In the Near North Side (Gold Coast, River North, Old Town), this can mean assessments well over $1,000 a month.  Another option is a converted industrial loft space in a former warehouse.  These offer the most flexibility in layout. But large spaces, over 2400 sq/ft for example, are a little more rare in Lincoln Park and Near North locations...and can easily approach $800,000 plus.

No comments: