Have you and your family outgrown your apartment? If so, it is time to find a space large enough for everyone to be spread out in. A three-bedroom apartment would be ideal; but, unfortunately, few are available and prices are escalating rapidly. The search for the right space can lead to another more creative alternative which may provide the answer: combining two apartments.
Whether you purchase the co-op or condo adjacent to yours or buy two adjacent units in another building, combining two apartments takes lots of planning. With knowledge of the process, lifestyle goals in mind, a professional leading the way, and a well-informed board of directors, however, the results can be amazing. Combining can be a wonderful way to live, says Jerold Richland of Richland Design, an interior design firm in Manhattan. It is an exciting transformation.
Gaining in Popularity
It makes a lot of sense to combine two smaller apartments because you never see larger units for sale, says Gregory A. Roach, of GAR Associates, an interior design and construction consultant company based in Manhattan. And the value of the combined units becomes more than the sum of its two parts.
Bill Blind, vice president of William B. May, adds that one-bedroom and studio apartments are unattractive in today's market. You can get both pieces pretty cheap and combine them to increase the value of the two halves, he explains.
Combining apartments can also be very beneficial to a building because it eliminates vacant units and the building becomes more saleable, says Lorri Gorman, a real estate agent at William B. May. And people can move to a larger space without leaving the building. Al Volpe, treasurer of his co-op board in Woodside, New York explains that the corporation is encouraging the combination of units because there is a surplus of studio and one-bedroom apartments in the building. They are no longer desirable, sighs Volpe. Large units will make our building more attractive and keep it filled with children. We want to create a family atmosphere and we can't do it with small apartments.