In the latest episode of The Brownstoner Podcast, Jessica Henson and Lucy Perry of the Henson Soule Perry Team discuss the charms of brownstone Brooklyn, the impact of COVID on the Brooklyn real estate market, and what you need to know before renovating a townhouse.
The townhouse is “classic urban living that goes back hundreds of years,” said Perry. “The proportions, larger rooms and higher ceilings create a wonderful place to live.”
If a property needs attention, look at the potential and what will be there whether you renovate or not: ceiling heights, building width and depth, the location of the stair and light quality, she said.
In this stressful year, many buyers at the higher price points prefer move-in condition, said Henson. At the same time, thanks to low interest rates and a buyer’s market, buyers around $2 million and less are seeing opportunity in fixer-uppers, she said.
The Brooklyn market is not “suffering because of COVID,” said Perry. “Things have been slow and steady.” Home hunters coming from Manhattan are looking for “bigger sky, fresh air, more space. There is almost a mystique about Brooklyn.”
To hear more, tune into The Brownstoner Podcast here.