Michael, Home Buyer in Center City West, Ph...

How do you value higher vs lower level floors for apartments with the same sq footage?

Asked by Michael, Center City West, Philadelphia, PA Mon May 11, 2009

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Sheri Curci’s answer
Hello Mike,

The Higher the floor.... the Better the View. On a Clear Day.... is the best time to tour some Condos and you get the Big Picture.

All the Best + Enjoy the Holiday.

Use the attached web reference for REAL time homes that are available

John + Sheri RE/MAX Properties 215-757-2889
0 votes Thank Flag Link Fri Aug 31, 2012
In Philadelphia it varies a lot. Sometimes 5 to 10k works but if there is a building being cleared or other visual clutter it could be 50k or more. Also sometimes units, windows, terraces and finishes change. Make sure you know all thevdeatils
0 votes Thank Flag Link Tue Feb 15, 2011
How do you value higher floor vs lower floors when buying a condo in the city? A round answer is 5,000-10,000 sometimes more per floor depending on the condo building as long as the view is not obstructed. That is just a rough estimate. If you are looking at an eficiency unit it may be 5,000 and if you are looking at a million dollar plus condo then it could be higher. For example, if you were looking at a place in Rittenhouse Sq. and there were 2 identical units on the same floor, 1 overlooking the park and the other overlooking the city westward then, the condo with the view of the park will have a much greater value. The value is set by the seller. They will, I assume, try to put a high value on the view since a park view it is a huge selling point. So, view and height will impact the value of the condo. It may not be a strict calculation but ca be determined by looking at comparable sales in the building if it is a multiple unit building.
0 votes Thank Flag Link Mon May 11, 2009
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