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Real Estate
Reply to "Condo buildings with no elevators. Are 1st floor units worth more in total value?"
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[quote=Anonymous][quote=Anonymous]In general, having no elevators holds down the value of the whole condo building. After that, as other PPs pointed out, features such as a patio may make the 1st floor more attractive OR a 3rd floor view may make that unit more attractive. Additionally, the location of the building makes a difference. Is the first floor unit right on the street where you wouldn't be able to open your windows and you will need special blinds so that people aren't looking at you like an animal at the zoo? Basically there is a lot of variables. Don't get fixated on just one.[/quote] Having no elevator means smaller association fee as elevators are expensive to maintain and repair, cost electricity [/quote]
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