While many people seeking downtown condos might be looking for one or two bedroom units, there's an increasing interest - and a corresponding lack of inventory - in living spaces that have a bit more room than the typical open plan kitchen/living room/dining area hybrid and a bedroom or bath or two. However, larger units like penthouses or full floor condos are often difficult to find - and combining two or more smaller units is often easier said than done.
Of course, prestigious penthouse units do come on the market every so often (that's where it helps to have a long term relationship with a great real estate agent (we happen to know a few, if we do say so ourselves). And being aware of these listings practically before they are listed or even built is definitely one of the ways to purchase a larger condo or downtown home.
But perhaps you want something more customized. This is where buying several connected or neighboring units and building out your dream condo might be in order. And like finding your dream penthouse, this is also something that is easier said than done - and might require the help of a savvy real estate agent - and again, we know a few.
For instance, finding a building that's desirable that has several adjacent units located next to or stacked upon each other might be complicated enough on its own, although it is bit easier if you are looking at new construction, since you can customize your new home from the ground up. All in all, though, finding units to combine is a project in and of itself - so there will be more on purchasing condos with the intent to build out and combine units in our next post. Stay tuned!