The view from condos situated on the higher floors of a building are just breathtaking! But there are plenty of other reasons that make such condos worthwhile. Condos on upper floors in buildings that companies like the Mirvish and Gehry condos make are excellent and beautiful in every possible way you could ever think of. The link www.investopedia.com/university/condo-buyers-guide provides detailed guidance to the points to consider while buying a condo.
Value For Money Spent
It is true that condos situated on a higher floor cost a little more than the condos located on lower floors. You should make sure that the quality of the condos on upper floors is as good as the quality of the condos on a lower level. The storey on which a condo is located matters a lot but the variety of the condos matter even more. So, your first job should be to see to it that you buy a condo which is in the best possible shape. If you want the highest return on your investment, then it is better you buy a condo on an upper floor.
Opt For A Condominium Unit
If you plan to live in the condo, then you should buy a condominium unit where you get all the amenities. With each floor, the price of a condo is increased. So, it will be prudent if you buy a condo from which you get a magnificent view without going too high in the building. The beauty and serenity of the view remain more or less the same once you are above the three fourth part of a building. If you make use of this strategy, then you will save money without compromising upon the view.
Check The Locality
Your ROI also depends upon the location of the condo society. If you are going to live in a condo even then, you must ensure that it is located in a posh area. You should consider the floor of the condo after you have made sure that the condominium society is suitable. If the condo society is not suitable, then plenty of problems will be waiting to come your way. It is important that you make practical choices at all times.
When you assess your ROI on a condo unit on a higher floor, then the increase in price per floor will be a critical part of your assessment. You should consider moving up only if the rise per storey is reasonable. Some builders charge hefty prices for the condo units on the higher floors. If you think that the quality of the condo units of these builders is apt for you, then you may buy a condo. But you must ensure that you do not buy a condo located too high. There is no point in paying hefty prices only because you will get a better view. If the price of the view is logical, then it is best that you opt for a condo on a higher floor. In short, a condo on the top floor with a magical view is just too hard to resist!