TOP 5 FACTORS THAT PUSH THE VALUE OF YOUR LUXURY APARTMENT

Imagine, you and your spouse are hunting for that dream house or apartment right in the posh locales of your city. You either let your broker filter out the best apartments based on your budget or do the filtration process yourself. Either way, you’ll find that LuxuryApartments tend to be quite expensive as compared to other suburban housing facilities.

True, that luxury apartments and villas are prone to being quite expensive as compared to their counterparts but have you ever wondered why? Of course, there are the standard reasons, that any experienced realtor would tell you; that the price factor depends on the quality of materials, construction and design, accessibility, location, etc.  but is that all that accumulates to the soaring rates of a luxury apartment or villa?

In order to provide clarity as to what goes into adding to the cost of these apartments, I have decided to let you in a bit about 10 hidden factors, that you might not be aware of, that actually causes these rates to soar sky high.

1. Service Tips

When you purchase or even move into your new apartment, there’ll be a lot of services such as, valet, laundry, cleaning staff, electrician and plumbing, etc. that are provided to you. It is often customary, to give tips to these building staffs who work round the year including holidays to facilitate the maintenance of your home.

It is not mandatory to pay the tips, however, if you skip on these tips, you might soon find the quality of services degrading.

2. Electricity Bills

If you have rented an apartment, then most probably your landlord would be paying the gas bills. However during the long summers, you need proper air conditioning and insulations to maintain cool temperatures inside the homes. Big houses and apartments that have high ceilings that tend to be prone to much more heating due to various reasons such as inefficient insulations and lack of cross-ventilation, thereby increasing the need for more air conditioning.

Add this electricity bill to your gas bills if you are purchasing a home and watch that price graph rise!

See More :- southfloridaluxuryguide