There are a few things to consider before you jump into buying any San Diego downtown apartments. If the housing crisis of 2008 has made any impression at all, it should be to move with caution when purchasing real estate. The old buy the ugliest house in the best neighborhood advice is not necessarily valid anymore. Location is everything but so is the condition of the property and what it should offer.
Better Safe
Before you snag that great deal for San Diego downtown apartments ask yourself “why is it such a great deal?” and “can this place offer me the lifestyle that I want?”. Purchasing an apartment is a big deal, especially if it is going to be your primary residence. You do not want to make a move only to find out that the great deal is going to take tens of thousands of dollars invested to bring it up to your standard. You are better purchasing something that you love right out of the gate and stat living the lifestyle you have always wanted right away instead of getting involved in long term renovations.
Choose for the Future
When you are shopping for an apartment in the downtown area, shop for the future. An older building will be even older in a few years and while older buildings are charming, they do not hold up well. Consider the property that will hold value and likely increase in value because of its super prime location. For long term investing purposes, it is always a good idea to buy for the future.
Get all The Amenities that You Can
Before you buy, consider if you are going to be able to get the amenities that you expect and would like to have like:
- Concierge services
- Nicely appointed communal spaces
- Extras like-private boat shares
- Porter services
In other words, don’t settle, look at Pacific Gate before you decide.
