Condominiums At 7575 Kirby Dr.

[uncertaintraveler]

Anyone have any insight as to the pro's and con's of buying a condo conversion? I have noticed several are going in---2400 McCue, Reata at River Oaks, etc. 7575 Kirby could technically be considered a condo conversion, I suppose, as well.

I assume a potential negative to buying a condo conversion is that you are living in an older apartment that probably doesn't have good soundproofing and/or was never built to be a condo in the first place.

Any other negatives a potential buyer should be aware of?

Thanks.

[kjb434]

I'm always weary of buying a condo that was either an apartment complex or appears to look like an apartment complex. Usually, the only condos i like are the high-rise version. I don't know what resale value is on that kind of condo either.

The Renaissance condos at Shepherd and Welch have outrageous incentives to buy their condos (which were apartments). If they have to go through that much to sell those condos in the first place, imagine what resale is going to be like.

I guess I would only buy one if I was going to rent it out.

[theprez]

7575 Kirby was first built as apartments but were "converted" prior to sale. But should be considered New vs. lived in. - good project, good location, views both good and questionable and price points somewhat reflect the "as designed as" apartments.

2400 McCue is relatively new built a couple of years ago. Nice Courtyards and pool , some relatively large units, nice "clubroom" Once again, these are nice but the views are what you expect from an apartment / low rise.

For those projects that are apartments conversions or those originally designed as apartments, you can expect somewhat smaller or efficient quarters, but they seem to be filling the niche of good location and lower price points.

As they say, there is only so much real estate inside or near the island. If you want a true condo, one with quality and class, go to the Empire, but expect to pay more.

The other adage is also true, you get what you pay for!