If you’re living (or investing) in a condo, it’s high-time to ensure you’re making the most out of those extra walls. And though they may be small, there’s ample opportunity for a den to make a major impact on your lifestyle.
Condo suites with dens can command a higher price-point than those without… But if you’ve been keeping up with how to do your den right, you already knew that.
This is according to Baker Real Estate Incorporated’s Baker Insights Group (B.I.G.), and — despite the last year (plus) intensifying the truth of it — such has actually been the case for several years now.
“The biggest difference between the unit mix in 2020 versus 2018 and 2019 is the share of suites with one bedroom plus den, which rose from 10% in 2018 and 13% in 2019 to 23% last year,” reads the insight group’s recent market report.
What’s more, dens are shown to add value to a condo, even when they don’t actually provide extra floor space.
“Baker recognized that buyers were willing to pay more for a unit with a den, even if the square footage was the same,” says Baker CEO Barbara Lawlor.
If you’re living (or investing) in a condo, it’s high-time to ensure you’re making the most out of those extra walls. And though they may be small, there’s ample opportunity for a den to make a major impact on your lifestyle.
“Buyers envision using [their den] for a second tenant or roommate, a place for friends and family to stay, as a nursery, and as we all know, a room to have a home office,” B.I.G. reports.
Or, we might add, a walk-in closet.
As fall embraces the city, and the chill of winter draws ever-nearer, having some extra storage space for those bulkier items (and rows of boots) has never sounded more inviting. Read on to learn some simple ways your home’s extra four walls can be transformed into your dream walk-in closet…
Brittan Heights 