Quote:
Originally Posted by Traum
On the topic of lacking 3 - 4 bedroom apartments, I think the reasons are multi-fold, but are really quite simple. From the developer's perspective, these units don't sell as well as the 1 or 2 bedroom units, and are less profitable to boot. From the buyer's perspective, traditionally these don't compare as well as townhomes and duplexes. So you have a situation where there are low incentives from both the supply and demand sides. And so you don't see them that often -- if ever at all. Personally, for a working class apartment, I have never, ever seen a 4 bedroom apartment, and I wouldn't want one anyway because I would have preferred townhomes or duplexes if I needed 4 rooms. A few years back when I was looking at presales, whenever there is a lack of 3 bedroom apartments in the entire development, I'd ask the developer staff why this is so, and "slow selling" was almost always the answer they told me. A realtor I've worked with before also told me that 3 bedroom apartments are more difficult to sell.
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LoL, actually my case was the opposite and the main reason why I had multiple offers. Plus I had double parking to accommodate the 3 bedroom condo.
When I bought it, I knew it would be different and separate me from the tons and tons of 2 bedrooms condos elsewhere. I had a lot of prospect buyers who wanted single level and 2 parking spot condo. Instead of multi tier levels in a wood townhome. I think , the lack of 3 bedrooms and such, is more because developers can sell the 2 bedrooms easier and make more money.
Person, I sold it to came from a 3 level townhome and sold it. Retired person, who got sick of the stairs :P