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REAL ESTATE ADVICE CORNER

Can You Be Too Customized?

Is it possible to take decorating your home a bit too far? A great, thought provoking article recently published by The New York Times talks about over-customization on properties, and how they can range from being one of a kind, to practical, to over the top, and how it effects their place in the market–something we’ve seen over and over in our 30 years of combined sales. Sometimes, the right addition can mean a significant raise in value, other times a highly personalized space can make finding the right buyer a lot more difficult.


Photo courtesy of The Corcoran Group

If you’re thinking of making additions or upgrades to your home, your house doesn’t need to be on the market for you to reach out for advice. We know what will attract buyers, where to spend the extra dollars, how to cut costs and make the most out of your budget… we want to help! We are in tune with the best resources in our neighborhoods, and would love to share our knowledge with you. We pride ourselves on being incredibly hands on, not only with our clients, but also with our friends, other agents, and anyone that needs expert home advice. Here are a couple fun homes from the article we might have advised differently on!


Photo courtesy of The Corcoran Group

At this SoHo apartment, the master bathroom is literally clad in gold. The owner, inspired by Old World Turkish baths, spent nearly $140,000 on an all-gold bathroom with custom Italian gold-glass mosaic tile on the walls and floor, a mirrored ceiling to reflect the tile, and a custom gold-plated free-standing brass tub. The current Realtor admits that finding a buyer for this apartment will be few and far between.


Photo courtesy of Christopher Testani

To the other extreme, an owner of this lower Manhattan studio was determined to transform his 350 sq ft apartment into a multipurpose space that reflected a “less but better” philosophy. His convertible micro-apartment can change its layout to accommodate a bedroom, a guest room, a home office and a dining room. A modern Murphy bed folds down over the sofa to create a master bedroom, an adjustable coffee table lifts and expands into a full dining table that can seat up to 10, and a small nook near the living room can pivot from a home office with a fold-down desk to a guest room to a minibar. All of the technology in the apartment can be controlled by a smartphone app. Pretty cool, but the $750,000 price is slightly above the average studio range of $550,000, and the current Realtor observed, “the danger of improving a small space by adding significant functionality to it is that you may price out the buyer pool for studios.”

Read the article here, and don’t hesitate to email or call us at any time with any home related questions or concerns, we love our job and any chance to give back to our communities. team@aotchomes.com | 424.354.4224