10 Home Buying Secrets: #4 - Bigger Isn't Always Better

Posted by Leo Clark. on Friday, October 24th, 2014 at 9:17pm.

When browsing the downtown Chicago real estate market, it's only natural to be drawn to some of the biggest, baddest, and most expensive condos you can find, regardless of your budget. Condos for sale in buildings like Trump Tower, the Ritz Carlton Residences, and Waldorf Astoria offer incredible views, impeccable finishes, and some of the finest amenities in town—so who wouldn't want to see what's offered in these and other luxury condo buildings across the city?  

But even if your budget does exceed that multi million dollar threshold, it's still important to acknowledge that bigger isn't always better when searching for a new place to call home. In fact, savvy luxury home buyers will always take market conditions and general market statistics into consideration when deciding on a new home, making sure that they've not only secured a place that fits all their lifestyle needs and wants, but also something that's a smart and potentially lucrative long-term investment. 

Remember, there's always a chance you'll have to face re-selling whatever home or condo you ultimately decide to buy, and the largest home on the market only attracts a very finite group of new buyers. So while you might have to sacrifice a little space or perhaps the best view when you're on the buyer side of things, you'll certainly be glad you did when you're forced to start looking at it from the sellers' side. 

Home Buying Secret #1: Tighten Up Your Spending 3-6 Months Prior to Buying a Home

Home Buying Secret #2: Know the Difference Between Pre-Qualified & Pre-Approved

Home Buying Secret #3: Don't Try to Time the Market 

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