When times get rough, the creative get going! A neighbor of mine at La Boheme paid $370,000 pre-construction for a top-floor corner loft unit, the layout that has a bedroom plus upstairs loft with roof deck and wrap-around balcony. It’s about 962 sq. feet. He was fretting about the values dropping, so he put his thinking cap on and just got approval to add a small guest bathroom to the upstairs loft, which is actually bigger than the bedroom. So for about $10,000 he will be transforming his 1 bedroom/1 bath with loft into a 2 bedroom/2bath. His appraisal after that should make his investment remain pretty smart. Now others with that floorplan are considering a similar approach. The design of many of the La Boheme units are unique and versatile enough that they allow owners to make some changes for little cost to raise the value appreciably. A ray of light in this gloomy market!
