Surrey Lofts is a brand new property on the market in Surrey, BC that offers approximately 5,000 square feet on 4 floors. .
The idea behind this development is to create a loft-style community for today’s modern urbanites. Developers are confident that the property will be a great way to experience living in an urban setting and with modern amenities. The main floor has been designed as an open-concept space, with room for entertaining guests as well as your own personal workspace. The second floor has three private bedrooms and one bathroom area, while the third floor offers two bedrooms and one bathroom. There is also access to outdoor space included with each unit.
The project is set to be completed in the Summer of 2017, according to the project’s official website. Pricing starts at $675,000.
Introduction: The question of whether or not lofts are a good investment is one that’s asked quite often by many people who are considering purchasing one. There is no straightforward answer to this question because it really depends on the location of the loft and its condition; however, there are definitely some general guidelines that can help you determine if you’re looking at a good investment or not. Following them will help you make an informed decision about whether the loft in question is worth pursuing as an investment or not.
Location: If the location of the property is good, that’s definitely a good thing, but if it’s not, that’s also a major red flag. It’s generally considered to be a major advantage if you live near a park or other amenities. There are many factors that go into location; while proximity plays an important role, its main role is in attracting people to live in the area. If you live in an area that’s not as desirable and popular as others, it becomes much harder to sell your unit. However, if this is the case, you’re probably better off investing in something else.
Condition: The condition of the loft is also a key factor. If the property has already been featured on the market and wasn’t purchased, it might not have been maintained as well as it should have been. Either way, this means that there are likely going to be issues with damage or mold in the property. Sometimes these issues can be difficult to spot until you take possession; however, if you notice anything like these problems upon inspection, make sure not to enter into another contract with that company. In addition to this, many times units that have already been sold will include maintenance costs in their rate of return calculations. This could be a problem in your situation since the loft you’re looking at is not as expensive as others.
Area: Area consists of everything from traffic, crime patterns and pollution to school districts. It is a very important factor because it will determine how accessible your area is to things you need. If you live near a shopping center or a place that has good restaurants, this will be beneficial when you have guests over for dinner and parties. That being said, if you don’t have this type of amenity in your area, it might not be fun for you to host visitors over and might adversely affect your profitability when selling the unit in the future.