I balked at the idea of an 840 square foot 3 bedroom condo for families but one of the other panelists noted that in other countries around the world they make far more use out of far less space.
Average condo room size.
For example over a 5 year period a 700 square foot 1 bedroom bought at 350k might appreciate to 400k which would represent the maximum price for a 1 bedroom in a particular sub market.
In homes below 2500 square feet the average bedroom size in the united states is 11 feet by 12 feet or 132 square feet in total area.
In order to be considered a bedroom it must have one window and a basic closet.
However not only single men or women prefer to live in condominiums but even large families.
These rooms can often be converted into offices gyms or craft rooms when not being used as a bedroom.
Image via dmci homes.
Census bureau titled characteristics of new housing the average size of a new home built in the u s.
Dimensions in ft dimensions in m small.
One of the topics we covered was the ever shrinking size of condominiums both at the 1 bedroom and 3 bedroom level.
The median size of a new home set a new record of 2 467 square feet.
So buying the smallest cheapest unit of a given type will leave the most room for appreciation.
Storage room small 6 x 6 medium 8 x 10 large 12 x 14 home office work room small 8 x 10 medium 12 x 14 large 14 x 18 master bed room small 12 x 14 medium 14 x 20 large 16 x 24 walk in closets 24 min inside dim small 4 x 6 medium 6 x 6 large 6 x 8 master bathroom.
This would be a 14 increase in price.
Generally a large room requires a large sofa and a small.
Increased to an all time high of 2 687 square feet.
Selecting a new sofa is an exercise in color style and personal aesthetics and the size of the sofa.