Sunday, February 10, 2013

Weighing Our Options

After a thorough pro and con list between the Humboldt Park Duplex and the more expensive Logan Square House, we finally came to an agreement on what we would do.What was nice is that both places were new gut rehabs, so we were working with developers that could help us make tweaks like install closet organizers or fix fences which wouldn't have been a possibility with owners trying to move out. I'd be lying if I said it was easy - both places had a lot of virtues and draw backs.

Humboldt Park Duplex:
No idea why the sides are black....

Priced in our budget
It's Huge: 2200sq ft
Gorgeous new kitchen that was exactly our style
A modern feel with a look and feel that continued throughout
Really great light that spilled in on all four sides
A walk-in closet in the master bedroom
Close to trendy neighborhoods like Ukrainian Village and Wicker Park, with lots of new development moving in to bring up property values
Security System already installed
Brand new fencing in the back yard to keep Leia safe

Transitioning neighborhood with some gang activity 10 blocks over
No real space for a dining room
One bedroom is in the basement
We'd have to take a bus to the train every morning
We would eventually have upstairs neighbors and have to create a condo board
Single parking spot in a shared carport
On a moderately busy street

Logan Square House:

It's a HOUSE - no direct neighbors, no one to tell us we're too loud, no one to give us rules in a condo association - the kind of thing that we never thought we'd be able to afford in the city. Ever.
Tons of space (2400 sq ft) and a dining room
Enclosed two car garage
On a quiet, tree lined street
Train-only commute - no messing with transfers
Beautiful full kitchen with more cabinet space than we'd know what to do with
All 3 bedrooms on the same floor (for when we have those future kiddos)

Well over our budget! (Like $30-$35K over!)
Transitioning neighborhood with some gang activity 5 blocks over
Finishes aren't as premium as the duplex - finishes don't have the same feel throughout the house
No security system
Backyard fencing was the neighbor's, not ours - one side was old, 7 foot wood and the other was 4 foot chainlink - ew
On the northside of Logan Square, so it will take longer for the neighborhood to benefit from the gentrification of neighborhoods like Bucktown and Wicker Park

After exhausting all the things we could possibly chart and running budget scenarios, we finally chose the place we wanted to live and couldn't wait to hear back from the developer! Can you guess which one we offered on?

1 comment:

  1. Nothing like a good pro/con list to help with making important decisions! I honestly can't tell which you picked, the pros and cons seem to really balance out. Can't wait to see which it is!