Back in 2018, it was reported that the vast majority (a whopping 79%) of new apartment buildings were considered high-end. What separates a high-end luxury apartment from the rest?
When you’re in the market for something upscale, it can be difficult to weed out the truly luxurious from the false promises. After all, there’s far more to luxury than a big price tag.
What are some of the luxury features and luxury amenities you should expect from a luxury apartment? How can you ensure that your next apartment is actually luxurious and doesn’t just come with that high luxury apartment price?
Read on to find out what earns an apartment the luxurious designation.
When you think of a luxury home, you think of a mansion. The same should be true (albeit on a smaller scale) when it comes to luxury apartments.
Traditional apartments tend to range from 750 to 1300 square feet. A luxury apartment tends to clock in around 1800 square feet. This large space should offer a minimum of two bathrooms and three bedrooms, as well as large common areas and a kitchen fit for a chef.
The amenities found in luxury apartments will really upgrade the way you live. Inside the apartment, you should find things like walk-in closets, the latest appliances (including an in-unit washer and dryer), and sauna-grade showers or tubs.
However, luxury apartments have more to offer than private amenities. A luxury apartment should also offer residents access to a pool and a gym. You should also anticipate guaranteed parking, trash collection, and other services that make your life simpler.
The high luxury apartment price isn’t a reflection of the incredible living experience, alone. Most luxury apartments are built in desirable neighborhoods that offer residents plenty of entertainment, relaxation, and employment opportunities.
On top of never running out of things to do, your luxury apartment should offer you an unbeatable view.
When you start looking at listings for luxury apartments, you’re bound to notice that while some are new construction, others are located in pre-war buildings. If some luxury apartments are historical, what do we mean by modernity?
No matter how old the building is, you should never have to worry about things falling apart in a luxury apartment. Whether it’s new construction or old, the materials used should be top-of-the-line. Older buildings will have gone extensive renovations before receiving the luxury designation, mixing historic beauty with modern reliability.
Are You Ready to Upgrade to a Luxury Apartment?
If you’re looking to upgrade to a luxury apartment, don’t get taken in by mediocre listings with huge price tags. Keep an eye out for these four qualities to ensure that you’re truly gaining access to a life of luxury.
What else do you want to know about real estate as choose your next home or investment property? Take a look at our real estate and housing content to stay up-to-date on the latest trends, statistics, and market forecasts.