View Full Version : View vs Balcony
January 30th, 2004, 10:38 AM
If you have two apartments in the same building.
One is 750sf on a higher floor with better view.
The other is a 680sf on a lower floor, but with a 70 sf balcony.
What will the price difference be between the two apartments?
January 30th, 2004, 12:45 PM
Generally buildings that have balconies on a low floor will have a balcony on ever floor above it. Plus, it depends on how much lower the apartment with the balcony is, I would think. Views are always nice, but there's an extra prestige that comes with having a balcony. It's a tough call.
January 30th, 2004, 01:22 PM
Yes they do. I guess assume its a different unit... on a higher floor w/o a balcony, but larger. Lets say:
6th floor, 680sf, 75sf balcony
10th floor, 750sf, no balcony
What kind of price difference should i expect?
January 30th, 2004, 02:12 PM
Is this hypothetical, or are you apartment hunting and these are two options available to you in the same building?
January 30th, 2004, 02:41 PM
Well it was a real decision and I already chose one of the two... just trying to get some thoughts and/or facts about impacts of view and size and balcony on price.
January 30th, 2004, 04:55 PM
Go for the interior space first.
Balconies are nice, but the SF are not the same value.
If you had a choice between a 700 or 710 SF apartment with a 70SF balcony and a 750 SF apartment/no balcony, I would say that they would be pitching a bit more even.
It also depends on layout, but I am assuming that you have the same layour on these two.
Oh, one final thing, a lot of the balconies I have seen in the city are nothing to die for.. So.....
January 30th, 2004, 06:50 PM
My parents' apartment has two balconies, neither of which are really substantial. In warm weather we use one to grill steak or burgers; in winter we use the other to store cold drinks during parties. My mom used to grow flowers in planters, but she hasn't reseeded for a while. They're nice to get a breath of fresh air on and everything, but they're too small to make major use of.
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