Hi, I am considering either purchasing 1 BR Condo or a Studio. Both have 800 sq ft and both are loft styles Studio (w/ seperate sleeping areas,

Chweey
Home Buyer
Astoria, Queens, NY

but no doors) has a better floorplan in my opinion but what unit will have higher resale value?

Answers (2)

Hi there - likely you will be better off in resale with the one bedroom. Bedroom count, like bathroom count matters.

Best,
Jeanne Feenick
"Unwavering Commitment to Service"
Find success at http://www.feenick.com

Web Reference: http://www.feenick.com
Tue Dec 8 2009, 14:51
Sean T Shallis
Broker
New Jersey
FIRST ANSWER

Hey chweey

Though this isn't a hard and fast rule for "How much more is a true one bedroom vs converted studio." The reality is the following.

A one bedroom needs to have a window to the outside and a door to be considered a true one bedroom!

In some cases the owner/ realtor etc etc will represent a property as "one bedroom" to capture more exposure on marketing.. Yet the property is really a "studio"

Here is the final answer:

One bedroom over a Studio ? Really depends on the aquisition price of the unit!

if you getting a great deal on the Studio .. great buy the studio!

Perfect example of this situatuion are the 1500 Washington and 1500 Hudson St buildings in Hoboken, NJ...my group and I have one of the Studio/ One bedrooms in contract for Sale. These units are 800 SQF no wall or door .. Though they are great layouts.. they are still considered Studio's !

In short.. the numbers don't lie..

If you need help in determining "at what price is a great deal..?"

Call me Immediately at 201-427-1032 more than happy to help you in making the right decision!

Good Luck,

Sean T Shallis

Sean T. Shallis
Broker/Sales Associate
Senior Real Estate Strategist
Weichert Realtors and The Shallis Group
1 Newark St, Hoboken, N.J. 07030
Office: 201-656-8488
Direct: 201-427-1032
Cell: 201-988-1393
Fax: 201-427-1022
sean@theshallisgroup.com http://www.theshallisgroup.com

Fri Dec 4 2009, 07:48

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