Why Luxury Apartment Living Appeals to People at Different Life Stages
Most of us envision the people living in luxury apartments as young professionals just starting out in the world of work, or retirees downsizing from the big houses where they raised their kids. Spend any time in a luxury apartment building, though, and that stereotype dissipates. People in all kinds of life stages are drawn to these buildings for all sorts of reasons.
The reason luxury apartment living appeals to such a diverse range of people is to be found in the flexibility of the apartment itself. It can work for just about any life stage in a way that few other types of housing can.
Young Workers Finding Their Feet
Twenty-something and early thirty-something professionals see more benefits in luxury apartment living than a nice view. The self-sufficiency of luxury apartment buildings enable them to focus on their jobs instead of worrying about maintaining a family house with a yard. When you’re working crazy hours or are on the road four days a week, it really helps if someone else takes care of the property management aspect of life.
The social aspect also plays a role that’s difficult to underestimate. Young professionals have no problem meeting their neighbors, thanks to the gym, swimming pool, and other amenities that high-end apartment buildings boast. For newcomers to a city or town for work, the social network that is easily established through such facilities enables them to feel at home in no time.
Families Looking For Another Lifestyle
This is where it gets really interesting, and where we are often surprised by what the figures tell us. Increasing numbers of families with children are moving into luxury apartments instead of making what used to be considered the default decision of buying a house with a yard. It isn’t hard to figure out how these families reached such a decision. Contemporary luxury apartments west palm beach and elsewhere feature multi-bedroom apartments, proximity to schools that range from average to good, and facilities that cater for kids without the need for parents to maintain them every weekend.
Parents can spend time with their kids instead of mowing the lawn or looking for a service to fix that something-or-other that has just broken. The security systems that many of these high-end apartment buildings have offer peace of mind when toddlers and pre-schoolers are around. If one or both parents has to relocate because of a job opportunity, families can avoid the problem of having two houses on the market when real estate markets do not exactly boom.
Middle-Aged Workers Who Have Had An Epiphany
People in their forties and fifties who have been working for a good few decades often have an epiphany of sorts when it comes to the kind of building in which they want to live. That perfect suburban house with a white picket fence that they couldn’t wait to buy in their twenties and thirties starts feeling more like a burden than the dream.
Luxury apartments attract this age group because they have already had the family home with the never-ending home maintenance schedule. These buyers want to move on to a building that puts the emphasis on comfort and convenience rather than on the effort it takes to maintain a beautiful apartment.
These residents notice and appreciate the details. They want to live in a building that is finished beautifully enough that they do not have to lift a finger to make it look good. They enjoy not having to worry about who will hang the new chandeliers next week and who will fix the HVAC system when it starts showing its age.
These residents make use of the building amenities because this age group has reached the stage in life where they can afford all of life’s nice things; they just do not want to maintain each one individually.
Empty Nesters with Time on Their Hands
Once the kids have left home to go to university or their first apartments, luxury apartments become very desirable for what used to be kid-filled households dominated by pets with heavy footedness. These residents know exactly what they want because they have lived in family homes for decades.
The lifestyle change is substantial. These recent arrivals in luxury apartments have time to pursue new hobbies and to travel, free from the burden of maintaining property.
Many actually enjoy apartment living because they have all the room they need and access to a community that offers companionship without forcing social interactions every day (many retirement villages seem to thrive on forcing out interactions).
Entrepreneurs and Business Owners
The housing needs of entrepreneurs and business owners differ from those of other employees, and luxury apartment living caters for those needs easily. The lack of property maintenance tasks is a huge draw. Luxury apartments offer suitable living quarters that can double as an office when necessary.
Apartments make sense for business owners who might be in another city in 48 hours’ time looking for that opportunity that could make or break their business. Luxury apartment living gives these folks the flexibility they need to follow their instincts without becoming bogged down in property issues yet again.
Amenities in these high-end buildings are often just about one place where business owners hold meetings.
One Common Denominator
What do all these different groups have in common? Luxury apartment living is the only type of housing that helps people avoid compromise. These groups of people might differ widely from one another, but each appreciates being able to retain a certain standard of living without the burdens of home ownership. The buildings are designed with this kind of use in mind. The apartments tend to lend themselves to this multi-use.
The financial angle is also interesting because people across a number of demographics can afford to buy houses, but they prefer luxury rentals because it is the best economic decision for their lives at this stage.
Housing decisions do not conform to what we always thought was the rule anymore. Luxury apartments offer long-term solutions that work for young, middle-aged, and aging residents alike; that’s why we see such interesting groups of people in these buildings.
