You are looking for a new apartment to move into, but you are having a bit of a hard time making a decision on what unit type to go for. There are various types of apartments to choose from, including luxury apartment, which have surged in popularity over the years. Here is what you need to know about this apartment type and whether it is worth your consideration.
What is a luxury apartment? Luxury apartments are high-end rental units that typically comprise of high-end feature contemporary appliances, tile or hardwood floors, stone counters, in-unit laundry, and high-quality furniture. These rental units are located in apartment complexes that feature a wide range of state-of-the-art amenities and services that are not commonly available in regular apartments such as a fitness center, sporting facilities, pools, rooftop decks, a 24-hour concierge service, a doorman, and regular cleaning services among others.
The layout of luxury apartments is generally spacious, with structural features like floor-to-ceiling windows and high ceilings which make an already spacious unit feel even bigger. You will most likely find luxury apartments in nice neighborhoods that are conveniently located, giving you easy access to shopping centers, dining spots, and public transportation.
It is not uncommon to find apartments that are advertised as luxury so as to make them more appealing to high-paying tenants even when they lack the features that are associated with luxury rental units. To avoid confusion, here are some things that are thought to be included in a luxury apartment.
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What you can expect living in a luxury apartment
1. High-end interior features
Luxury rental units are distinguished by their stylish interiors and high-end features. A good number of them are furnished, and the included appliances are likely to be of higher quality than what you will find in a standard apartment. Here is what you can expect to find in a fully furnished luxurious apartment.
- Living room – The living room of most luxury apartments will feature a variety of high-quality furniture like sofas, end tables, coffee tables, ottoman, bookshelves, desks, and chairs. Entertainment equipment and electronics such a TV, DVD/gaming system, and a stereo system will likely be included as well.
- Kitchen – The kitchen will likely include a variety of modern appliances such as a microwave, refrigerator, coffee maker, toaster, dishwasher, oven, etc. Utensils, pots and pans, cookware, bakeware, glassware, and cutlery should also be included.
- Dining room – The dining area of a luxury apartment that is fully furnished will include a dining table, chairs, and table mats. In some cases, you may also find artwork or plants in either the dining room or the living room.
- Bedroom – The bedroom will include a mattress, pillows, pillowcases, comforters, sheets, blankets, dresser, nightstand, desk, chair, and closet space. The size and type of bed will typically vary from one apartment to another.
- Bathroom – Other than the typical fixtures (toilet, sink, bathtub, shower), the bathroom of a furnished luxury apartment will include accessories such as a toilet brush and toilet cleaner, toothbrush holder, soap dish, bath mat/rug, shower curtain, and toilets.
The flooring of a luxury apartment is likely to be tile or hardwood, and the countertops featured in the unit may be made from stone. Other miscellaneous items that are often found in luxury apartments include cleaning supplies such as a mop, dustpan, broom, and cleaning spray; laundry essentials such as fabric softeners, in-unit laundry, and laundry detergent; and general supplies such as toilet paper, paper towels, tissues, sockets and extension cords, garbage bags, and light bulbs.
2. On-site amenities
Luxury apartments offer a variety of amenities that may not be provided in standard apartment complexes. Some of the amenities you are likely to find include a pool, fitness center, dog parks, assigned parking spaces, community events and classes, media room, and playgrounds among others.
3. Room size
Luxury apartments typically have larger rooms than standard rental units. A majority of them have an open layout that combines the living, dining, and kitchen areas. The bedrooms within the unit are also spacious so as to accommodate a bigger bed.
4. Upscale neighborhoods
Luxury apartments are typically located in upscale, posh neighborhoods, targeting tenants who are willing to pay a little more money to live in a rental unit that offers a variety of comforts.
5. High levels of security
The complexes in which luxury apartments are found usually have state-of-the-art security features such as gated access, security cameras, a security guard, doorman, and security lights among others.
6. Windows and ceilings
Many luxury apartments usually feature large windows in almost every room, with some even having floor-to-ceiling windows. In addition to this, they also feature high ceilings which generally make the living space seem bigger than it is.
7. Modern wiring
Most luxury apartments are usually pre-wired for cable and wireless internet. This allows tenants to enjoy high-speed internet and cable in almost all the room of the rental unit.
There are a variety of services provided in luxury apartments to ensure the comfort of tenants. In most of these units, you will find a concierge who is available 24/7 to provide assistance to residents. Other services you are likely to find include housekeeping and a doorman.
9. Renter’s insurance
If you intend to live in a luxury apartment, you will require renter’s insurance to provide coverage for your belongings in case of occurrences such as fires, floods, or theft incidences.
Pros of luxury apartment
1. A variety of amenities
When you live in a luxury apartment complex, you have access to a variety of amenities some of which you are unlikely to find in a standard apartment building. These amenities allow for more comfort and convenience.
2. They are secure
Luxury apartments are usually located in upscale neighborhoods that are in the safe parts of town. Furthermore, since most of them incorporate high-quality security features, they are generally considered to be safe.
3. They are typically located in nicer parts of town
Luxury apartment complexes are usually found in some of the best neighborhoods. This means that you are likely to be located in close proximity to a selection of dining spots, shopping centers, schools, and other essential amenities. Furthermore, you will most likely have easy access to public transport systems, allowing you to take time off your daily commute.
4. Great views
One of the appealing features that you may find when you live in a luxury apartment is great views of the surrounding area. Thanks to the convenient location and the enormous windows that many luxury apartments have, you are able to soak in the surrounding sights.
5. Sense of community
As a tenant living in a luxury apartment, you will be surrounded by neighbors. This brings about a sense of community since you get to share common spaces which you are jointly responsible for.
6. You have fewer responsibilities to handle
When you live in a luxury apartment, you don’t have as much responsibility when it comes to repairs and maintenance. These tasks are usually handled by contract workers who may be on-site. In addition to this, if there are housekeeping services provided, you won’t have to do most household tasks, giving you more time to do other things.
7. You won’t have to buy too many household items
Many luxury apartments are usually furnished so as to appeal to more tenants. As a result, since you will be moving into a unit that already contains appliances, general supplies, and furniture, you won’t have to do as much shopping.
Cons of luxury apartments
1. Expensive to rent
The rent you are expected to pay in a luxury apartment is significantly higher for a variety of reasons. For beginners, most of them are found in upscale neighborhoods, which automatically means higher rent. Additionally, most of them are quite spacious, which usually translates to a higher. The inclusion of furniture, appliances, and other modern features within the apartment is another reason why luxury apartments tend to be expensive
2. Higher security deposit
In standard apartments, most landlords will usually charge one month’s rent as a security deposit. However, for a luxury apartment that is fully furnished, the security deposit will be higher so as to protect the provided household items. In San Francisco, for example, landlords can charge as much as three times a month’s rent as a security deposit.
3. The potentially higher cost of utilities
In addition to being spacious, luxury apartments typically feature large windows and high ceilings. The cost to heat such as a space in winter and cool it in the summer could result in a significant increase in utility costs.
4. Potentially strict rules and regulations
There are usually rules and regulations that you are expected to follow when you live in a rental unit, including a luxury apartment. These rules generally vary, with some of them being unnecessarily restricting to tenants.
Living in a luxury apartment is a great option for couples, families, business people, single individuals, and virtually anyone who is looking for a living space that allows them perks that you wouldn’t normally find in a standard apartment. Just remember to take into consideration the pros and cons of these unit types and to do some research on your own so as to make an informed decision.