There is no doubt that the real estate market is seeing resurgence over the past few years. This is leading to spurt in demand for luxury apartments both for rent and outright purchase. However, the regular apartment segments still continue to attract more demand especially amongst the salaried and middle-income classes of people. Experts who monitor both these segments are of the opinion that both these will continue to grow quite strongly against the backdrop of improved economic parameters as far as the entire nation is concerned. But the challenge lies in identifying and differentiating between luxury apartments and regular apartments. Unless this difference is properly understood by the prospective buyers, they could end up making mistakes. Hence, we will try and find out the basic differences between regular apartments and luxury apartments for the benefit of our readers.
Cost Is An Important Factor
There is no doubt that cost is one of the most important factors when deciding between a regular apartment and a luxury apartment. Luxury apartments could range upwards from$300,000 and could touch even a few million. On the other hand, a decent regular apartment in the USA could come for a price of around $100,000 in many cities. Hence, this is one of the most important points to be kept in mind when you are planning to buy either a regular apartment or a luxury apartment.
This is another important attribute that one needs to take into account when it comes to buying luxury apartments in Oklahoma City. Any apartment that is spread over more than 2000 square feet could be considered as a luxury one. However, this might vary slightly between cities. For example, in a crowded and congested city like New York or San Francisco the size of luxury apartments could start from around 1800 square feet because of obvious reasons.
Amenities And Comfort
When you are planning to invest in a luxury apartment, you certainly would look for much better comfort and amenities. There are quite a few of them but we will have a look at the most important aspects. To begin with, floor to ceiling height of luxury apartments are ideally around 12 to 15 feet or more. Without this, you can be sure that the apartment concerned would lose its luxury tag. Regular apartments usually have a floor to ceiling height of around 10 feet. Additionally, you do get to enjoy a plethora of other facilities as far as luxury apartments are concerned. These including private pools located at the rooftops, Jacuzzi, Juliet balconies, helipads to canopied walkways, amongst others. The quality of construction materials and fittings would also be of the best quality when you decide to invest in luxury apartments in Nichols Hills.
Regular apartments come with standard amenities such as power back-up, functional gymnasium, a swimming pool that is shared by other apartment owners, community hall, libraries, and other such things.
Finally, when it comes to security and safety, there is no doubt that luxury apartments are a notch above regular apartments. They most certainly will have intercoms, fire chutes, emergency buzzers and many other top of the line installations that will ensure a life free from stress.
J Marshall Square Address: 9017 N University AveOklahoma City, OK Phone: (405) 702-0060