Tips for Luxury Apartments for Sale
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The Luxury Apartments for sale market has some great in-house amenities, but be careful don’t get sucked in by any fancy packages. If you are looking at a building that has a great gym, in-house restaurant catering services and a heated swimming pool, these are all extra costs for upkeep for the apartment owner.
Maintenance fees
If you are looking to spend a huge amount of cash on a luxury apartment, you should meet with Housing Association’s treasurer and check out what the regular maintenance and contingency fees will be that you are going to have to pay.
Public transport
Another tip to consider is public transportation. You may think that a nice walk to the subway station in the spring or fall would be great, but think about the hot summer and rain and snow, you might want to reconsider the long walk, and find one closer to your apartment.
Value for money
Buying one of the Luxury Apartments for Sale in the current market will certainly be much cheaper than buying a town-house. The absolute minimum you could expect to pay for a New York town-house is currently around $5 million.
So a luxury apartment will be a better value, since prices have decreased dramatically since the peak in 2006. Furthermore, if you buy an apartment, you’ll be able to afford a more expensive neighborhood than if you went for a single-family home.
New Jersey luxury apartments
If the prices for a luxury apartment in Manhattan is out of your league, than look at the New Jersey Apartment market. New Jersey apartments are popular with commuters and families with kids. You also have a great transportation system so that you can commute to New York easily.
Vibrant Atlanta
In the Luxury Apartments for Sale market, if you really hate the cold winter months, take a look at some Atlanta’s luxury apartments. The city has great apartments and you will never have to wear snow-boots ever again!
Waterfront apartments for sale
If you prefer a more natural landscape there are some great waterfront luxury apartments available. So check these out as well when you start your search.
To sum up, the most important tips regarding Luxury Apartments for sale are:
Check out the Home Owners Association about building maintenance fees and the contingency fund.
Ask if all the building’s owners are up-to-date with their maintenance payments.
Don’t be overly impressed by the ‘packaging’, equipment-filled gyms are great but living close to public transport is essential!
Happy home-hunting!
