Are you a Center City condo owner feeling that your space no longer fits your lifestyle? Knowing when to upgrade or move out is key. Here’s a guide to recognizing the signs and planning your move-up effectively.
Signs It’s Time to Leave Your Current Building
No Dedicated Home Office: If your workday still starts at the kitchen table, it’s time for a dedicated workspace.
Outdated Fitness Facilities: Old equipment or cramped gyms diminish your daily experience.
No Parking: Street parking and valet are convenient, but deeded parking offers greater time savings and higher resale value.
Changing Service & Amenities Needs: Modern doormen, concierge, package rooms, and updated common spaces matter more as your lifestyle evolves.
Layout Limitations: A lack of storage, separate bedrooms, or space for entertaining signals it’s time to upgrade.
Resale/Financial Concerns: High assessments, aging HOA budgets, or loan issues are red flags.
How to Prioritize Your Move-Up
List the Top 3 Must-Haves: Identify non-negotiables such as parking, a home office, or amenities.
Match to Available Buildings: Focus on properties that meet your criteria and are within your budget.
Consider Market Liquidity: Buildings with active internal transfers tend to sell faster and hold their value.
Get a Professional Valuation: Ensure your move-up is financially neutral or positive after costs.
MARK WADE, Realtor®
37 Years of Center City Condo Experience
BHHS Fox and Roach Realtors
530 Walnut St. #480 | Philadelphia, PA 19106
Cell: 267-237-3404
Email: Mark@CenterCity.com
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