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Third Floor Additions: The Ups and Downs

July 17, 2014

Bruce Borden:  "I wanted to complete our series of articles on third floor additions with a different point of view. We have talked about the considerations, uses, and benefits of the third floor addition. We haveasked the experts. The next question to tackle is, what does the homeowner think of the third floor?

I asked my wife, Catherine Himelfarb Borden, Managing Partner the Yorkville branch of Forest Hill Real Estate Inc. for her thoughts about third floors. Cathy's has over 20 years of experience in the luxury real estate market in Toronto."

This is what Cathy had to say about third floors:


Cathy Himelfarb Borden:  "Our clients really appreciate well-conceived third floor spaces when searching for their dream home. Working within the confines of the walls allows one to create extra and necessary rooms while maintaining the property’s original integrity.

Many older properties boast high and grand attics that are under-utilized. By finishing these properties properly, homeowners may be able to build much needed extra bedrooms, home offices, guest rooms or entertainment rooms. For our clientele with teenage children, third floors are often converted to luxurious master suites and serve as a retreat for the adults in the family.

On the flip side, families with young children often would like everyone to have bedrooms on the same floor. In these situations, the third floor additions may be postponed until the day when the space is needed for a growing family, or be used as home offices or guest rooms for out of town visitors.

As for new construction, the necessity of a third floor really depends on the individual needs of the home owner. Whenever we deal with buyers considering building a new home, we recommend that they consult with a builder during their search so that they purchase the right lot for them. These perimeters are the key elements used to narrow and distinguish which properties best meet their needs.

In short, third floor additions are a fabulous way to add space to a home and add value to a property by making it more appealing to buyers due to the possibilities for their use."

Tagged with: third floor additions
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