Who says luxury has to be expensive? If you have always wanted to live more glamorously but you don't have an income that allows you to splurge, a luxury apartment can seem like nothing more than a dream. But you don't have to kiss having a bellhop, access to private amenities, and a spacious, beautiful loft goodbye; you just have to be creative about your apartment hunting experience. Here are ways you can get a luxury apartment you can afford.
If you are single, opt for a studio or single bedroom apartment over an apartment with a home office or guest room. The less square footage you desire, the cheaper your rent can be. A real estate agent can actually assist you in finding unfurnished studios in your area within your budget that can give you the amenities you want such as a pool, exercise room, or gated community.
Apartment rent goes up the less time you commit to your lease. If you are more accountable as a renter, which means you can be relied upon for months or years of steady rent, you can be rewarded with a cheaper monthly fee for your luxury digs. Compare lease agreements with one another to see how much money you can save by doing a year or longer lease compared to a 6-month or even a month-to-month option. You may be very surprised to learn how much you can save, which can lead to being able to afford certain apartment upgrades.
Be less picky about location
A luxury apartment just outside of town is likely to be cheaper than one right in the heart of the city, even if they offer identical amenities. Location is a huge factor in how a luxury apartment is priced, so if you don't mind a little commute to work or can get by with a non-spectacular view, you can make up for these minor losses by being able to afford a more spacious rental or a luxurious suite with its own private balcony.
If you have always dreamed of having a modern luxury apartment to come home to every day, you can achieve this goal even if you don't have a large budget to spend on rent. A real estate agent can help you work out the rental details, such as location, lease agreements, and even amenity upgrades to make you more confident in your new residence.