QUOTE(wealthdaddy @ Aug 6 2008, 09:18 PM)
Hi, there,
When buying a low-rise condo (no elevator), what are things to take note?
1) Should one buy the unit located at the highest floor (5th floor)?
2) In terms of value, the higher floor unit is cheaper or the lower floor unit is cheaper? Or the price varies depending on size?
3) What if the same residential have both high rise and low rise condos, will the high rise units have any effects on low rise units?
Thank you.
1. My advise to you is not to buy the highest floor, not even 3rd or 4th floor. Very inconvenient is the main reason. It's often hot in the afternoon, roof-leaking problem, hard to sell, etc.
2. Higher floor in a low-rise apartment is definitely cheaper (without lift). Those with lift are generally cheaper by a bit. Imagine the lift is out of order, you will not want to climb up the stairs. Unless is a penthouse, the price is more expensive it would be larger, you might have a private roof-top, etc.
3. I personally think it has no effect because it depends on the individual. Some people will choose to stay in high-rise condo for better view, low-rise for convenience.