The condo buyer when money is no object
Yes, there are people out there who can afford to purchase a new condominium residence without worrying about price! These elite buyers are fortunate enough to be able to satisfy every need and desire they have in their surroundings. They can choose to live in prestigious areas that may be out of the financial reach for many prospective condo buyers. And when it comes to suite design and appointments, the sky’s the limit.
For example, let’s say someone selects a sprawling penthouse that measures several thousand square feet. Usually, the developer offers the opportunity to customize extensively. Perhaps a traditional layout is the preference, or maybe the buyer would like a more contemporary plan. Living and dining rooms can be separate, or they can be part of a large open-concept living area that could accommodate entertaining on a grand scale. If purchasers are rightsizing from a large lowrise home, they may still want an opulent space for holding galas.
And oh, the sumptuous features and finishes that can be brought in from around the world! In kitchens alone, I have seen everything from pasta taps at the stove to vegetable steamers by the sink, exotic backsplashes, custom-designed hardware, appliances that rise out of the counter with the press of a button, and even wine cooling rooms or niches.
As for master bedrooms and ensuites, well, the possibilities are positively elegant. If the buyers are art collectors, they may opt for a feature wall on which to hang their favourite works. Those who are into being pampered might want marble counters, lavish oval standalone soaker tubs, heated floors, spa features and even a steam room.
Among the other elements elite purchasers may choose are items such as multiple fireplaces, posh chandeliers, back-lit coffered panels on high ceilings, an exercise room, home theatre, media room, whirlpool, multiple balconies and maybe a private landscaped rooftop terrace with a pool. Need space for quarters for the help? It’s likely possible, as well as a separate entrance and sometimes a private elevator.
Nowadays, condominiums are graced with spectacular building amenities as well, and these are essentially extensions of suite owners’ living spaces. If the penthouse is not large enough to accommodate a large family gathering, the multi-purpose party room is just the answer. Having a concierge book theatre seats for you, arrange a dog-walker, accept dry cleaning and parcels, and in some cases valet services is indeed a privilege.
Another way to live an ultra-pampered lifestyle in a condominium is to purchase a residence above a five-star hotel. Suite owners have access to world-class amenities in the hotel below. They can indulge in spa treatments and dine at a superb restaurant without leaving the building.
We read a lot these days about condos being the relatively affordable choice for first-time buyers in Toronto and across the Greater Toronto Area. Isn’t it fascinating that condos are also the choice of so many elite buyers? Money may not buy happiness, but it can buy the level of surroundings that make people feel special every time they walk into their fabulous condominium suite!
Barbara Lawlor is president and CEO of Baker Real Estate Inc., winner of the pinnacle 2017 Riley Brethour Award from BILD, and an indemand columnist and speaker. A member of the Baker team since 1993, she oversees the marketing and sales of condominium developments in the GTA and overseas. Keep current with The Baker Blog at blog.bakerrealestate.com