How to Save $70,000 When You Buy a Loft

Here’s how to save lots of dough when purchasing a loft, condo or house. Find a slightly run-down property with messy tenants in place. Visualize how beautiful the place can be after saving lots of money on the final sale price. Most other buyers will be unable to visualize the potential of the property, thus reducing the price. If possible, buy during a time of economic crisis, such as during a recession, panic or economic depression when competing buyers are less active. Ask the seller if they have received other offers, and inquire into the nature of those offers, if any. Place an offer that makes economic sense. Don’t fall in love with “the one”. Place lower offers on several properties, drive a hard bargain, and go into escrow on a really great deal. After the inspection report arrives, negotiate a lower price. If there are any other unusual issues, expensive repairs, strange defects, mold or anything wrong with the neighborhood or economy that may affect the price now in the future, ask the seller to reduce the price further. Enjoy beautifying the home using all of the money saved, and enjoy living in the fixed-up dream home. #fixers #losangeles #lofts

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BARGAINS — LOWEST PRICES. THESE HOMES NEED WORK.

Unlisted Raw Lofts and Fixers
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Downtown Los Angeles Lofts Historic Core Live/Work Industrial Cheap Fantastic Fixer

Downtown is so easy and affordable compared to some places. In West Los Angeles for example, investors will spend hundreds of thousands, sometimes more than a million dollars to remodel or tear down an existing home to make a profitable investment by creating a beautiful and popularly desirable home. The good news is that live/work lofts are much easier and cheaper to transform because the sturdy building does not need to be torn down or remodeled substantially.

Industrial live/work loft with filament lamps
Industrial live/work loft with filament lamps

In fact, decorating a drab loft and brightening up a dark condo are possibly the cheapest and most effective fixes that home buyers and investor can possible do.  There are right ways and wrong ways to do them.  For maximum return on investment, the lighting and decor should be picked out by a professional urban interior designer.  #lofts #dtla #info

NO WINDOWS? NO PROBLEM

Whether a condo has big bright windows or no natural light at all, filament lamps with dark steel pipe conduit are perfect and popular today for most historic industrial lofts because, in addition to the remarkable historic-meets-modern design, the color and style match and blend in perfectly with existing concrete and exposed plumbing.  Add track lighting and additional decorative lighting, and the natural light problem is successfully solved by the right solutions.

Combine track and decorative lighting to transform dismal to delightful
Combine track lighting with decorative lighting to transform dismal into delightful

Lofts in Downtown Los Angeles are inherently very cool, hip and stylish due to their high ceilings, stand-out character and unique features, so the furniture and decor should match with an energetic vibe or urban chic theme.  Prominent artwork, avant garde decor, cutting edge furnishings (economical buys from Ikea usually fit in just fine) and perhaps something whimsical or DTLA-practical such as a mounted bicycle would all fit perfectly in an historic or industrial residential interior.   For dim lofts with insufficient natural light, skip the suburban Home Depot stock and instead upgrade to lighting from Restoration Hardware that will provide the substantial “WOW” factor required to make the awesome loft complete.  While a loft with amazing views should be decorated with classy, minimalistic style so as not to distract from the views, lofts that lack a nice external view should be decorated fully with dramatic art, decorative furniture and awe-inspiring lighting that provide a rich, full and eye-delighting visual experience. For a few thousand dollars or less, the boring abode has been transformed into a compliment-inducing dream loft and wise investment.

LIGHTING FIXER ALERT

Here’s a loft that matches the perfect criteria for a superior investment: a neighborhood that is transforming from blight to luxury, and a loft unit that only needs some simple touches of an interior decorator and their lighting electrician to transform from boring to brilliant, from cave-like to captivating and from so-so buy to super successful investment:

Downtown Los Angeles live work loft in the Historic Core
Downtown Los Angeles live work loft in the Historic Core

312 W 5th St #307 SB Grand Lofts Downtown L.A. 860 Sq Ft

Open live/work loft with private balcony
Spacious open live/work loft with private balcony

Enjoy Downtown life in a spacious historic open floor plan. Modern open loft with fantastic NYC-like character on Broadway and Historic Core. Private balcony facing original brick courtyard. Modern kitchen with stainless steel appliances. Wood floors. Washer and dryer in unit. Large soaking bath tub. Open and airy living space with high ceilings, A/C and heat. Excellent downtown location near Farmers Market, Grand Central market. Minutes to Whole Foods, Ralph’s and great shopping and dining. The building features 24-hr security front desk concierge, fitness room, rooftop sun deck, pool, hot tub with panoramic views of the Downtown Los Angeles skyline. Wired for cable and Internet. Low HOA dues. Pets okay. Great for Downtown live/work! Parking in building available. By Metro station, Pershing Square concerts in Summer and ice skating Winter. Stroll through the renaissance of Broadway, with coming street car as part of the Bringing Back Broadway project.  |  DETAILS

SB Grand Lofts Unit #307 - Best deal in Downtown at $470 /sq ft
Best loft deal in Downtown at $479 /sq ft

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Filament and pipe lamp
Filament and pipe lamp