London-based economist combines two apartments to create a spacious and cozy family home

  • London-based economist and business school professor, Michael Jacobides, bought the apartment below his bachelor pad to create a family home
  • The project cost over $1 million and involved structural work to combine the two units
  • The couple wanted more space and a sense of grandeur and coziness that they couldn’t find in other properties
  • They renovated the basement apartment to create a self-contained unit for rental or as a pied-à-terre
  • The renovation included adding an internal courtyard and removing load-bearing walls
  • The total investment, including the purchase of the basement, was around $2.9 million

Michael Jacobides, a London-based economist and business school professor, decided to turn his bachelor pad into a family home by buying the apartment below him and combining the two units. The project cost over $1 million and involved nerve-wracking structural work to unite the apartments without compromising the building’s integrity. Instead of selling their original apartment to upsize, Jacobides and his wife, Beth McGregor Jacobides, wanted a sense of grandeur and coziness that they couldn’t find in other properties. They also renovated the basement apartment to create a self-contained unit that they could rent out or use as a pied-à-terre. The renovation included adding an internal courtyard and removing load-bearing walls, which required careful engineering. The total investment, including the purchase of the basement, was around $2.9 million. Despite the potential financial gains of selling their original apartment, Jacobides believes that they couldn’t have found a property they liked as much for the same price. The couple now enjoys a spacious and cozy family home, with the added benefit of rental income from the studio apartment.·

Factuality Level: 2
Factuality Justification: The article provides a detailed account of Michael Jacobides and his wife’s decision to buy and combine two apartments in London. However, the majority of the content is focused on personal details, the renovation process, and the couple’s motivations, with little relevance to broader issues or factual information.·
Noise Level: 2
Noise Justification: The article provides a detailed account of Michael Jacobides and his wife’s decision to combine two apartments in London, including the motivations, challenges, and costs involved. However, the information is mostly personal and lacks broader implications or insights, making it less relevant for a general audience.·
Key People: Michael Jacobides (Economist and Business School Professor), Beth McGregor Jacobides (Educational Consultant), Laura Carrara Cagni (Director of Cagni Williams Associates)

Financial Relevance: No
Financial Markets Impacted: No
Financial Rating Justification: The article is about a personal story of a couple renovating their home and does not pertain to financial topics or impact financial markets or companies.·
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: ·

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