The first 10 pre-construction buyers at The Element Condominiums at 2124 N. California in Logan Square can choose from a laundry list of incentives totaling more than $25,000. The development offers several different floor plans, with one-bedroom units starting in the $140s and penthouses in the $350s.
From the Link Co.’s web site:
- Free parking ($15,000-$20,000 value) and first choice on available spaces
- Free assessments for 6 months ($900-$2,000 value)
- Free speakers and home theater setup ($1,800)
- Free appliance upgrade from Frigidaire to Jenn-Air ($2,800 value)
- Free heated master bath floor ($1,100 value)
- Free upgrade from granite to Silestone countertops ($1,900 – $3,900 value)
- Free master shower upgrade: body spray, steam shower, hand spray ($2,800 value)
- Three free hours with an interior design consultant ($450 value)
- Free I-GO car sharing basic membership for the first year ($960 value)
- BBQ package gift
LOWER THE PRICES!!!!!
huh,
Raise the intellectual level of your comments!!!
Isn’t there a site where you can rail about gasoline prices? Movie prices? Skim latte prices?
Joe,
What’s wrong with Huh’s comment? Instead of throwing in a “BBQ package gift” if these developers just sucked it up and sold for a little less profit they may sell some more condos – as a potential buyer in this market I’d be willing to forego a lot of these freebies for a lower mortgage payment. I believe huh is just echoing our sentiments.
I too would like to echo the sentiments of huh and Sammy.
Sammy,
What I’m reacting to is that huh makes the same comment time after time, and it’s really pointless and mindless.
I think the reality of today’s market is that buyers can negotiate lower prices in lieu of “freebies” at a number of developments, especially those that are in a close-out phase. If lower payments are an issue, you might try to negotiate a mortgage buydown in lieu of some of the other incentives.