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A Condo Deal is in the Details
When buying a high-end luxury Chicago condominiums home, find a realtor who knows the nuances. Understanding pricing and finishes is essential in the rarefied realm of high-end luxury properties, where the number of details involved, and their importance for buyers, increases as the sales price rises. An experienced realtor who knows the specialized components of upper tier real estate can assure you of the best deal. Your real estate agent should gather and present to you as much information as possible to protect you in the transaction.
The real estate agent should understand the client’s needs and his first step should be to work with them to develop their needs analysis, which would cover everything from the minimum square footage for their home to whether or not they want a private rooftop garden. In addition, the realtor should find out what special amenities a buyer desires in a luxury Chicago condominiums building based on the buyer’s lifestyle and personality. Using the results of the needs analysis it would be easy to locate appropriate properties in the locations the client prefers.
Currently luxury design brands have become very popular for high-end properties. Buyers appreciate the name recognition of Ritz Carlton, Trump or Mandarin Oriental and of well-known architects like Santiago Caldaria, Lucien Lagrange and Helmut John. These prestigious names also make properties more attractive for resale.
The desirability of cachet brands has a flipside - just because a Chicago condominiums building design has a big architect’s name does not mean it’s floor plans are livable. The floor plan must make sense for your family and your daily needs. Be careful about how the property lays out and the flow of the design. Imagine yourself moving through the rooms. If something feels awkward, it will become an issue later. Floor plans provided to potential buyers typically do not give true room sizes. Because the measurements taken are from within the walls, dimensions can be off by as much as six inches on either side.
Among the most important details to consider are the amenities that you desire in a luxury Chicago condominiums building. Take concierge service for example. What does it really entail and what is the level of service?
Is it available around the clock? Your agent should look into these details for you so you know how a concierge will meet your needs for heavy travel, business meetings, or frequent entertaining. Amenities typical of luxury buildings include swimming pools, dog runs, indoor valet parking, and business and conference centers. Following the recent trend of condominium-hotel units, amenities that were available only in luxury hotels are now appearing in residential buildings also, such as housekeeping services, spa centers, meal services and catering which are often by well-known caterers.
Taking cues from posh New York hotels, some high-end buildings in Chicago are now offering billiard rooms, wine storage facilities and even spa services for pets. One of the first questions your realtor should ask is how many homes you prefer per floor. Some buyers want only one or two. Ceiling heights are also important; new-construction units should have at least nine-foot ceilings, and preferably ten or eleven.
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