What to Look For When Buying a New Condo in Chicago

Posted by themarquisonmaple on May 23rd, 2016

There are certain attributes every luxury property ought to have. The adage is already familiar to you: location, location, location. However, besides location, there are several other things that require the high-end buyers to be wise in spending their money, time and energy on. Yet these things have a few qualities that new condominium Chicago real estate agents will urge byres to focus on.

1. Views and light that is unobstructed. The interior of an apartment that opens to the outdoors allows in lots of light into the rooms and improves not only your mood but also the resale value. The opening, as you will find out, is of more importance than the outdoor space. Does your apartment overlook the skyline, bridge, a river or park? Are any of the views protected? By gaining an understanding of the zoning allowances as well as the surrounding air rights of building neighboring yours, you will get a good grasp on your risks.

2. Height of the ceiling. The higher the ceiling height, the better, up to approximately 14 feet (remember you will be getting marginal returns that are diminishing). Instead when looking at New condos in Chicago look at cubic footage and also the square footage. A luxury apartment that has 8.5-foot ceilings is virtually non-existent with the exception of particularly good views that are unobstructed with light that offsets lower ceilings penalties.

3. Uniqueness of the architecture. If diamonds are forever, good architecture retains value eternally.  Do your own research on reputable architects and go for one that has a reputation for beautiful and practical designs. Although the way buildings are perceived today is obvious, try and visualize the way the building will be perceived a few years down the line.  If this is a difficult task, then look for the fundamentals: high grade material, solid foundation, as well as an artistic component.  

4. A layout that is practical. When you short list a few of the new condominium Chicago suburbs real estate companies offer, ensure the layout leaves you with enough room to live. The fact that you want to own a Downers grove IL luxurious apartment is an indication that you friends are not few in number. It will do you good to maintain a clear distinction on areas that are private and those that are public. The last thing you want is to share your private bathroom with your friends.  Get an apartment that has a large enough kitchen where you can have your meals. Finally, avoid apartments that have stairwells, long hallways, awkward columns or any other space wasters.

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