With open space at a premium in most American cities, apartment units are becoming more popular among homebuyers. While you might think that an apartment cannot be customized, many luxury apartments come equipped with the same amenities as their larger, mansion-like counterparts.
Here are three features that make luxury apartments worth the hefty price tags they command in today's real estate market.
1. Secure Entry
Sharing your living space with many other residents can be dangerous at times. Authorities estimate that nearly 66% of the 2 million burglaries that take place each year are residential. When you invest in the purchase of a luxury apartment, you are purchasing added security against these break-ins.
Most luxury apartment buildings come equipped with a doorman, who is responsible for ensuring that only residents and their approved guests are allowed entry to the building. Having the additional security a doorman provides can help you feel more at home in a luxury apartment.
2. Convenient Access to Appliances
Living in a traditional apartment means that space is limited, and most builders opt to leave out large appliances in order to free up room. When you choose to purchase a luxury apartment, you don't have to compromise convenience for space.
For many luxury apartment dwellers (like those living in Manhattan), having an in-unit washer and dryer is a status symbol. Moving into a luxury apartment complex will save you time and money each week by eliminating those pesky trips to the laundromat.
3. Updated Kitchen
If you enjoy cooking for friends and family, then the quality of the kitchen in a luxury apartment will be a significant selling point. Traditional apartments have functional kitchens, but tend to leave a lot to be desired. Appliances are very basic, and many don't include a dishwasher due to the lack of available space.
Investing in a luxury apartment is the best way to ensure that you will have the kitchen you have always dreamed of. Upgraded design elements like granite countertops, travertine tile floors, and stainless steel appliances are generally featured in luxury apartment kitchens. These upgrades make it easier for you to entertain with ease in your luxury apartment.
Making the decision to invest in real estate can be stressful, especially in cities where apartments fill the market. If you aren't willing to compromise space or quality, but living in an apartment setting is the right option for you, invest in a luxury apartment.