Guide to choosing a luxury apartment: Everything to know

Above: Light filled apartment interior with open floor plan features dining area with amazing view of downtown Seattle. Real Estate | 20 Nov |

You’re on the hunt for a luxury apartment. But before you go out there and get into the process, you want to know: how do you choose the right luxury apartment for you?

There are several considerations you’ll need to make, all of which we’re going to discuss below. So, without further ado, here are the keys to choosing a luxury apartment.

Establish a Minimum Size

Luxury apartments come in a range of sizes. Some apartments are as small as 300 square feet, and others are as large as 3,000 square feet. Before setting out on your search, you need to decide on how much space is necessary, and then establish a minimum size limit for yourself.

If you’re on your own, you can likely make do with an apartment of any size. If you’re going to be living with others, you’ll likely want something that’s a minimum of 600 square feet.

When setting your limit, think of your own comfort levels. Are you alright rubbing shoulders with others, or do you like having a lot of space to breathe? This will affect how low your limit is.

Figure Out How Many Rooms You Require

Next, you’re going to want to figure out how many rooms you require. This is, of course, entirely dependent on your circumstances.

If you’re a minimalist living on your own, then a studio apartment or 1-bedroom apartment will suit you. On the other hand, if you’re planning on having a recording studio in your residence, for example, you’ll likely need something with 2 or more bedrooms.

Most apartments have between 1 and 3 bedrooms. If you’re looking for something with more than 3 bedrooms, your pickings might be fairly slim.

Decide on the Area in Which You Want to Live

As important as the apartment itself is the area in which the apartment is located. After all, you might be able to afford a 5-bedroom apartment, but if it’s located in Death Valley, it’s probably not going to suit you well.

Maybe you want to be close to the local university? Perhaps there’s a strip of bars that you’re hoping to be near? Or, maybe you want to live around some of your friends?

Regardless, you must assess different areas before honing in on specific apartment buildings. If you get an apartment in a dangerous or uninteresting area, your quality of life stands to drop substantially.

Think About the Amenities You Require

Another thing to think about is the amenities you require. Luxury apartments come with all sorts of amenities, from in-unit washers and dryers to in-unit hot tubs to community swimming pools to community tennis courts, and more.

These amenities may or may not matter to you. But, regardless, you need to decide on the amenities that are dealbreakers for you, and then seek out apartments that meet your requirements.

Generally speaking, you can read up on luxury apartment amenities on the apartment complex’s website. If you have any questions, just give the complex a call.

Curious as to the types of amenities that you might find at a luxury apartment? You can discover more here.

Set a Budget

Odds are, you don’t have an endless supply of money to throw at an apartment. As such, you need to set a budget and make sure that you stick to it.

Selecting a maximum monthly rent price should narrow your options down quite a bit. You’ll be able to focus on the apartments that fit your budget specifically.

Note, generally speaking, the cost of your rent should comprise no more than 30% of your income. There can be some wiggle room here, but you don’t want to devote too much of your money to your living costs.

Read Reviews on the Apartment

Another important component of assessing options for apartments is to read reviews online. By typing in the name of the apartment, you can find a bevy of reviews from past tenants. These reviews will give you a general feel for the quality of the apartment complex and will help to answer questions you might have.

This is particularly beneficial for comparing apartment space. You can use these reviews to compare two or more apartments against one another, helping you make the best choice possible.

Note, though, that reviews alone shouldn’t inform your entire choice. It’s important to remember that reviewers have their own biases and that these biases could be the sources of both positive and negative reviews.

Check the Apartment Out Before Signing the Lease

Our final tip is to check out your prospective apartment before signing the lease. Pictures alone aren’t sufficient for giving you a feel of the apartment. Only by seeing it in person can you truly understand what you’re getting into.

When checking out the apartment, make sure it has all of the amenities you expect it to. If aesthetics matter to you, give a close look at the various components throughout the unit.

You’ll also want to ensure that the appliances are working. Flush the toilet, turn on the faucets, flip the light switches, and ensure that the place is fully functional. You don’t want to pay large sums of money for an apartment that doesn’t work.

Choosing a Luxury Apartment Is About Making the Right Considerations

At the end of the day, choosing a luxury apartment is about making the right considerations. Consider the factors discussed above and you should be able to narrow your options down. Once you have your options in front of you, hone in on them and choose the option that best suits your situation.

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