When deciding on a condo, what is often overlooked is one important element of the unit itself – the ceiling height. High ceilings are typically found on new condos, more specifically on the lower levels (such as the 10 foot ceilings at Limelight) and on the upper penthouses (such as the Marilyn Monroe Buildings). For the past 6-7 years many, but not all new condo builders around square one have adapted a 9 foot standard height for most of their units.  Let’s look further into high ceilings from both a purchasing and selling point of view.

First, cost-analysis and enjoyment of high ceilings.  During a pre-construction stage of a condominium, the initial investment required to upgrade (if possible) from an 8 foot to a 9 foot ceiling, could be as high as $15,000. Some buyers are prepared to pay the extra for high ceilings, while other buyers prefer to allocate their funds on a better suite layout, perhaps with a longer balcony or a higher floor premium.  Nine foot plus ceilings do create a sense of additional space and are great for anyone with claustrophobia. They are also useful for those planning on installing ceiling fans.

(more…)

Be Sociable, Share!

    Read more

    Be Sociable, Share!

      Leave a Reply