Amy on the Redfin Seattle Sweet Dig’s blog made an interesting comment about live/work spaces:
But if you run a Seattle business, then you have options for renting office space anywhere in Ballard (and other neighborhoods). So the decision comes down to — do I want to live directly above my business? Is this a good location for my business? Is the office space adequate? Is the living space attractive? Does this make financial sense?
Case in point: I talked to one agent who showed clients that building. The buyers opted for a condo on Capitol Hill instead, with separate business quarters nearby.
As a purely residential place, if you like its looks, go for it. Just be sure you’re prepared to live next door to a business (consider noise, hours of operation, parking, etc.). I guarantee you that potential buyers will, when you put it up for resale.
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