Philadelphia Real Estate Blog

Center City Philadelphia
Condos and Lofts


Subscribe To Receive
 Blog Updates By Email


July 2024

March 11, 2010

Is a Two Bedroom Center City Condo inherently better than a One Bedroom?

Filed under: Center City Real Estate,Of Interest to Buyers,Of Interest To Sellers,Real Estate: Condominiums — Center City Philadelphia Real Estate Agent @ 4:47 pm

Does an 800 sq. ft. Philadelphia Condominium become more valuable if you start adding walls?

000_1908   000_1919

Here is what I believe to be correct:

1) You will lose value if you turn a two bedroom condo into a one bedroom condo by removing walls. Improving the size of the living room does not add value. At all.

2) Any huge one bedroom unit that can visually and logically be turned into a two bedroom condo- should be.

3) A cheap 2 bed VS a cool 1 bed? Depending on sooo many factors- primarily square footage, location, prestige of building, interior condition, etc, etc. A 2 bedroom gets you divided rooms- but can that top (say) a stronger building in a stronger location inside a 1 bedroom unit?

4) Whether the walls completely seal off a bedroom, or bedrooms are cordoned off by half-walls, in most instances will not affect value of any given unit.

5) I think that if we were talking a Beach House, then yes….go for the 2 bed. With the plethora of hotels in town, perhaps the value of more “rooms” in a Philly loft is diminished a bit.
Agree, disagree? Lets hear it….
Mark Wade
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106

Tags: , , , , , , , , , , , , , , , ,

• • •

No Comments »

No comments yet.

Comments RSSTrackBack URI

Leave a comment


530 Walnut Street, Suite 480
Philadelphia, PA 19106
Direct: 215.521.1523 ~ Office: 215.627.6005
Fax: 215.627.3142
Copyright Mark Wade | All rights reserved.
Site Admin | Log Out