Nine amenities that condo buyers just don’t need

From the South Florida site: The term “luxury” can be deceiving, especially when it comes to condominium amenities, former Douglas Elliman Florida CEO Vanessa Grout wrote in a Forbes article. The Miami native, who now works at New York-based investment firm Vector Group, offered nine amenities that condo buyers should stay far, far away from. They are custom kitchens, outdoor space, finishes and fixtures, space-age materials, audio video systems, prodigy developers, doormen, tax schemes, and superfluous niceties such as “champagne toasting chambers” and mini-golf greens.

Plus, a developer who does not specialize in building high-end will likely not make the condo truly luxury, Grout wrote.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“If he or she is a rookie, they should offer you a discount, not demand a premium,” she said.

“We must look for those qualities that time doesn’t change: location, unobstructed views and light, architectural uniqueness, ceiling heights and sheer square footage,” she wrote. “And shrug at the stuff that doesn’t matter.” [Forbes]Mark Maurer

Tags

Nine amenities that condo buyers just don’t need

From the South Florida site: The term “luxury” can be deceiving, especially when it comes to condominium amenities, former Douglas Elliman Florida CEO Vanessa Grout wrote in a Forbes article. The Miami native, who now works at New York-based investment firm Vector Group, offered nine amenities that condo buyers should stay far, far away from. They are custom kitchens, outdoor space, finishes and fixtures, space-age materials, audio video systems, prodigy developers, doormen, tax schemes, and superfluous niceties such as “champagne toasting chambers” and mini-golf greens.

Plus, a developer who does not specialize in building high-end will likely not make the condo truly luxury, Grout wrote.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“If he or she is a rookie, they should offer you a discount, not demand a premium,” she said.

“We must look for those qualities that time doesn’t change: location, unobstructed views and light, architectural uniqueness, ceiling heights and sheer square footage,” she wrote. “And shrug at the stuff that doesn’t matter.” [Forbes]Mark Maurer

Tags