The Lifestyle of the Condo
The Lifestyle of the Condo
Condo sales are off, but is a condo still a good way to define a lifestyle? Learn what the four types of buyers in the just-passed real estate boom have to teach you.
In the real estate boom of the last five years all buyers were active. There were, and still are, four potential types of buyers. Speculators, Investors, End Users, and the Second to Fifth Home Market.
Speculators, planning to flip the properties for a quick profit, buy pre-construction, flipping the property to another buyer before closing, or close, then quickly sell. Investors, willing to hold the property for a longer period, consider real estate a tangible asset, possibly less risky than other
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What can all four types of buyers teach you about getting what you want and wanting what you get?
Buy something you have a need for, buy unique, and analyze the lifestyle you have or want.
As with any real estate, the location is often the
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Consider the neighborhood, the size, the type, the amenities, the lifestyle, the features and finishes, the designer and builder, and how it is built. Here s how to do it:
The Neighborhood
Is the community urban chic, young family, active adult, age restricted, mixed age and demographics, pet friendly,
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The Size
Is it a small inner city urban loft or an 8, 0000 square foot mansion in the sky?
The Type - Living a Lofty Life?
Of modern and minimalist design, lofts feature open layouts, large windows, and distinctive finishes, and soaring floor to ceiling windows, 10 to
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Live Work Spaces v. Homes in the Sky
Do you want a 24/7 life, where the community is equally important to both work and life? Or do you need a super-sized home in the sky?
The Amenities
Do you value pools, marinas, gyms, saunas, clubs, social rooms, meeting rooms, office space, stores, shops within the building, restaurants, clubs, snack, juice bars, lounges, reading rooms/libraries, hair salons, barbershops, tailors, banks, party rooms, high tech media centers, mailrooms?
The Lifestyle
Do you want walking trails, fitness rooms, clubs, jogging trails, swimming pools, spas, nutritionists, chefs and meal programs, fitness centers with group and personal trainers, Green and Sustainable Buildings and Communities?
The Features
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Modern, Classical, Mediterranean, or an exposed concrete and steel loft? Choose quality in the interior and exterior building finishes, the exterior cladding concrete, glass, stainless, wood, stucco; the exterior and interior doors, windows and hardware.
Who Designed It?
Did a professional with star power choose the kitchen and bath appointments, lobby and common room furnishings, and front entrance statements? This can mean more than cachet; it can mean that the target market was correctly interpreted.
How is it Built?
Don t forget that your ultimate comfort may depend upon air temperature, air quality, mechanical systems, noise and vibration, interior and exterior distractions.
This article is not about profit-making, but finding your perfect lifestyle.
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