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Updated over 6 years ago on . Most recent reply

User Stats

98
Posts
20
Votes
Danny N.
  • FLL
20
Votes |
98
Posts

Best Unit In Mediocre Building Or Worst Unit In Top Building?

Danny N.
  • FLL
Posted

So Im looking at 2 condos for my personal home. Both are the same price $900k. One is 2000 sq ft and a penthouse in a mediocre building full of mostly $350-500k condos with about 30 units that are 2000 sq ft like the one Im looking at. The second is an 1100 sq foot condo in one of the best buildings in town but it has no view while the first unit has a spectacular view, like mind blowing view. The 1100 sq ft unit is by far the cheapest as most others in the building are $1.5-30m.

So my question is down the road, would the spectacular view apartment being enormous at 2000 sq feet with killer views but at $450/sq ft be the better buy even though its in a worse area vs a condo thats half the size with no view in the best area? Wife is worried the cheaper building with so many cheaper units will always be a hinderance with so much supply.

Just trying to understand the pros and cons when investing.

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