4 things to look for when choosing a luxury apartment

March 21st, 2017 7:13am
As more people look to settle down in cities, buildings advertising themselves as "luxury apartments" have been popping up all around major metropolitan areas.

As more people look to settle down in cities, buildings advertising themselves as "luxury apartments" have been popping up all around major metropolitan areas. The Houston real estate market is no exception - many high-end apartment-style residences have been built, or are in the works, all around town. Although luxury apartments tend to be synonymous with high-rise buildings, they actually come in all shapes, sizes, colors and locations.

For people seeking sophisticated amenities without the burden of a mortgage, renting a luxury apartment can be an ideal situation. Still, signing a lease in one of these buildings - whose monthly costs tend to be quite lofty - is no simple decision. Not all luxury apartments are created equal, and you don't want to find yourself committed to a residence that doesn't fit your needs.

If you're in the market for a luxury apartment, here are four elements to keep in mind as you hunt for your perfect home:

1. Unique architecture
All luxury apartments come with a high-end price tag, but that doesn't mean they're all unique, interesting, or even nice to look at. In fact, many of these residences offer somewhat generic architecture alongside simple - or nonexistent - detailing. Unless you're looking for a very straightforward, minimalist space, don't sign a lease on a luxury building devoid of luxurious features.

When assessing properties, Forbes magazine recommended looking for high-quality building materials, distinctive details and a clear creative touch. Even if you're no architecture expert, the source noted, you should select an apartment with "good bones," explained the source.

2. Security services
Part of what you're paying for with luxury rental properties is peace of mind - not only are you supposed to feel taken care of from a maintenance perspective, you're also supposed to feel safe, secure and comfortable in your home. As such, you should select a building that offers you top-of-the-line security features, recommended the lifestyle blog Top Dreamer.

All buildings do security differently: some offer doormen and security guards, while others provide safes and closed-circuit television systems. Decide what your security requirements are before exploring potential homes, and don't compromise by renting an apartment that fails to meet these needs.

3.Amenities that fit your lifestyle
It's easy to get caught up in the many extras offered by luxury buildings. But before you sign a lease because it promises things like spa days and tennis courts, make a list of amenities that would actually improve your day-to-day life. Things like covered, private parking, in-home laundry facilities, fitness centers and outdoor areas tend to be the most useful in the long run.

4. A prime location
It's usually not difficult to find luxury apartments in desirable locations, especially as more high-end homes continue to be built in bustling, downtown areas. However, it's easy to get caught up the inside of a residence and forget about where it lands on the map. The bottom line is that when you're paying top dollar, you shouldn't have to settle for a second-choice locale.

Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.