January 25, 2005
Why Urban Lofts Are In
For the last couple years, people have been saying goodbye suburbia, hello downtown. Reasons range from empty nesters downsizing to smaller but more luxurious homes to young professionals with no children who enjoy the city scene with its museums, restaurants, sporting events, and theaters. What does this mean for the housing market? Urban lofts and condominiums are highly desired.
Lofts in particular strike a cord with many people because of the high ceilings, large windows, and the character of old brick walls and exposed beam ceilings.
If you're thinking of buying a city dwelling in hopes that it will appreciate faster than suburban counterparts, now may be a good time. According to the Winter 2004 issue of Renovation Style, this is just the beginning. The trend will continue as more and more baby boomers become empty nesters.
