What to look for in a luxury condominium

Posted by themarquisonmaple on November 16th, 2016

Anyone who knows anything about buying property will tell you to pay special attention to location. Location aside, there are other important aspects to look into especially when purchasing luxury condos in Downers Grove IL. This is no doubt a big investment, and you want to make sure that you are ultimately happy with your purchase many years down the line. Below are some of the factors you should consider before buying a luxury condo.
 
Unobstructed light and views
 
The condominium should open to the outdoors and allow plenty of natural light in. This will not only improve your overall mood, but also help with the resale value should you eventually decide to sell your home. In addition to this, consider what views you have such as the skyline, bridge, river or park. The view should be something you will be happy with for the long-term.

Ceiling height

A higher ceiling usually means better, but there is a limit. After 14 feet, you risk losing marginal returns on the property. It may be worth looking at luxury condos in Chicago in terms of cubic footage rather than square footage. As a rule of thumb, the ceiling has to be higher than 8.5 feet for the condo to be considered a luxury property.

Architectural appeal

Good architecture will retain its value so this is something to seriously think about when looking into condominiums. Where possible, find out who the architect is and research his track record. Consider what the building will look like after a few years when judging its aesthetics. At the very least, look for high-grade materials, unusual details and a solid foundation.

Practical layout

Consider a property where you can easily separate between social and private areas. For example, guests shouldn’t have to go through your bedroom to access the bath. Look out for space wasters such as unnecessarily long stairwells and hallways as well as awkward columns.

Inspect the windows

The windows are the primary source of cooling and heat loss so you want to make sure that you have the right kind. The windows should be heavily insulated and double-panel to protect against noise and weather. Chances are you will not be allowed to install your own windows once you move in so get this clarification as early as possible.

Reputation

Lastly, owning a luxury condominium Chicago suburbs is not enough, the building has to have a good reputation for it to retain its value for the long-term. Gathering information can be as easy as looking for online reviews or asking locals.