First Floor Condo Worth More

I ll give the big win to the first floor and a minor win to floors 2 4 who wants to jog up more than 4 floors tip take stock of the number of elevators and how fast they run.

First floor condo worth more.

A resort with a large number of condos serviced by only a few slow running elevators can be a huge issue for prospective renters. It can get really cold during the rainy season which means an increase in heating costs. That said typically a first floor unit can be up to 15 percent cheaper than something comparable on a higher floor or more if the apartment s less than ideal. If it s really close to the lobby and facing the front that could be 20 percent less says kobi lahav senior managing director at living ny.

But there are drawbacks you should know about like pests break ins and more noise. To make a first floor unit more enticing some managers will put upgraded appliances and other amenities into the unit. Also rooms on the first floor don t get too much natural light so you may find yourself spending more for lighting. This is something to keep in mind when you re comparing apartments.

With only 8 units our building doesn t have a super and our. First floor apartments are sometimes less expensive than units on higher floors can come with private outdoor spaces and simply make more sense for folks with babies in strollers dogs to walk or mobility issues. There are no right and wrong answers when it comes to deciding which floor to choose to get your condo unit. When you live in an upper floor unit you have neighbors below you hearing your every move.