You might be very happy with your current apartment. It has virtually everything you need. Space, new appliances, great parking, nice neighbors, and good amenities. You can't see yourself being happy in any other apartment, but you'd be wrong. There's a step above pretty much everything else, and it's known as a luxury apartment. They're the real deal. No mortgage, only rent, only significantly better. A luxury apartment looks different, feels different, and provides owners with next-level stuff.
Building owners and developers of luxury apartments try to draw affluent customers. As you may have guessed, the rent is quite a bit higher, but you get so much more without having to apply for a loan and put down a 20 percent down payment. A luxury apartment even offers far more than a typical single-family home would. Prices can range from a couple thousand (in less popular areas) to the tens of thousands per month. Likewise, the range of amenities can be truly expansive based on what you're willing to pay and where you want to live. Here's what a luxury apartment might consist of.
Location and Security
Some the most important reasons to look for a luxury apartment are the location and safety. They're typically built in areas with excellent economic strength, typically in downtown urban areas or high-end suburbs where there's strong infrastructure, great restaurants and shops, as well as top-notch recreation and nightlife activities. They may also be located near premium tech or telecom firms where employees are well-paid and prefer to live close to work.
Safety goes hand-in-hand with location. Not only is the crime in these areas where luxury apartments are found lower, but they also have a solid police presence. It's typically very safe, even in the middle of the night. In terms of the actual apartment community, there's better security overall. While some standard apartment communities are gated, luxury apartment communities often have security personnel on site 24/7, as well as high-res cameras, more robust lighting, and additional security measures. Many units have their own security system with elaborate features.
Supreme Comfort
The main name of the luxury apartment game is comfort. That means there's typically more space. Bedrooms, kitchens, living rooms, and offices are larger. They're typically very well furnished with high-end sofas, tables, beds, etc. if they come furnished, that is. Even common areas like the lobby and hallways are incredibly well-appointed. You may even have your own separate entrance where there is no common lobby, more like a single-family home but without all of the obligations and taxes.
Most luxury apartments provide a great view with big windows. Nobody wants standard windows and poor views when they're paying this much money. They also provide bigger balconies or even patios for private use. Appliances are also top-notch. Stainless steel everywhere, double ovens, built-in espresso machines, even refrigerators with touchscreens. There also may be exotic hardwood floors, premium fixtures, and even built-in audio systems. You get a lot for your higher rent, and it's expected.
Swimming Pool & Fitness Center
A luxury apartment community also has excellent features outside your unit. There is likely a swimming pool, indoor or even rooftop pools. Renters expect this type of amenity, especially when communities are located in warmer locales. Swimming pools have excellent amenities, too, like saunas, big locker rooms, and even towel service. They also should be meticulously maintained. If you're paying thousands of dollars per month, a swimming pool is the norm. Depending on the luxury apartment community, the pool may also be staffed.
A premium fitness center is also an expected amenity. Whereas a standard apartment community may have a fitness center with a decent level of equipment, a luxury apartment's fitness center might look like a high-end gym. The equipment is usually state-of-the-art and includes treadmills, elliptical machines, rowing machines, weight machines, free-weights, yoga equipment, multiple big-screen TVs, premium audio, and they may even offer private fitness trainers, masseuses, and workout classes.
Other Details
This list above is by no means exhaustive. Depending on what you're willing to pay in rent and where the luxury apartments are located, there might be a long list of features that come with your lease. Here's a list of other features and amenities you might find.
- Smarthome devices
- Rooftop lounge
- In-unit washer and dryer
- High-speed community Wi-fi access
- In-unit jacuzzi
- Laundry and dry-cleaning service
- Dog walking service
- Clubhouse and game room
- Outdoor cooking areas
