After the burst of the real estate bubble the real estate market in Chicago and suburbs starts to show signs of recovery. There are not as much distressed properties as 3 years ago. Some analysts predict higher rates and property value increase in the near future especially for condominiums. If you are considering buying a property, and you think that costs are too high, now it is the best time to buy as the interest rates are very low.
When considering purchasing real estate, it is always about location. If you are panning planning to purchase luxury real estate consider the city living in the Chicago’s most prestigious neighborhoods.
The Condominium Community
Buying a condo in the city is the perfect choice when you think about affordable luxury without doing all the maintenance yourself. Chicago offers Small condominium communities as small as 3 units and large high rise buildings that offer wide range of amenities associated with community living. Amenities can include indoor pool, fitness center, and party room. For the assessed association fee all amenities will be usually covered.
Construction and Amenities
When you are choosing a condominium, consider the quality construction and extra amenities that come with it. Look and the interior features offered such as hardwood flooring, granite counter tops, stainless steel appliances, well designed cabinets and fixtures.
If you’re interested in lakefront luxury condominiums Chicago offers many options. Ask you Realtor to provide with a list of lake front condos in Chicago.
If you are planning to have a city lifestyle, now is the time to consider buying a condominium in the city. The prices are rates are low and prices are relatively affordable, many renovated properties are available, and the Chicago lifestyle is very inviting.