5 Factors to Consider When Shopping for a Luxury Apartment

Whether you’re looking to live the high life in cosmopolitan centers like Manhattan or Beverly Hills or you’re interested in finding luxury accommodations that include ocean views or other scenic backdrops, you might find yourself scouting for luxury apartment options. And before you drop your dough on the priciest place listed, you should probably know that there are certain factors that set luxury listings apart from other options, aside from the astronomical price tag. Here are just a few important factors you may want to consider before you decide on the luxury apartment that’s right for you.

  1. Location. Luxury accommodations don’t necessarily require a room with a view, but if you’re going to pay top dollar, you probably want an impressive vista to enhance your living spaces. And luxury apartments should not only offer stunning scenic displays or striking cityscapes, but they should also be close to amenities like dining, entertainment, top-rated schools, and transportation hubs. Living in the lap of luxury can be accomplished without a great location, but the total package should include both comfort and convenience.
  2. Size. For most apartment dwellers, space is at a premium, so one important luxury amenity to look for is size. This could include overall square footage, spacious living areas for entertaining, extra rooms like an en suite or home office, plenty of storage, and even outdoor living spaces like a deck, terrace, or access to a rooftop garden.
  3. Extras. There are certain things you expect when shopping for luxury apartments, including high-end finishes, upscale appliances, modern interior design, and the latest in home technologies. But the extras are what really take an apartment into the realm of luxury. For example, your apartment building should offer services like parking attendants, concierge, doormen, laundry/dry cleaning, housekeeping, and so on. And you might want to look for a building that has a private gym facility, a pool, a coffee bar, or even a spa on the premises. These extra conveniences turn your average apartment rental into the equivalent of a stay at a 5-star hotel.
  4. Cost. Unfortunately, you can’t get around the fact that luxury accommodations come with an equally extravagant price tag. But that doesn’t mean you have to overpay. By doing a little research into comparable properties in the area, you should be able to make sure that you shop wisely and find a luxury apartment at a reasonable price, relatively speaking.
  5. MLS versus agency. When you’re seeking an average apartment, using online ads or MLS sites is a pretty good way to see what’s out there. But when you’re looking forĀ luxury apartments NYC to LA, you’ll likely find that New York City luxury rentals aren’t necessarily available for general viewing. In this case, you might have to find a real estate agency that specializes in locating luxury apartment rental or purchase options for high-end clientele. At the very least, you’re bound to get in the door a lot more easily when you have an agent making the appointment. And you’ll likely end up viewing properties that you couldn’t find on your own.

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