Unraveling the Truth: Is That "Luxury" Apartment Really Worth the Premium?

Many apartment complexes are now marketing themselves as "luxury" to justify high listing and rent prices — but sometimes the label is just a marketing ploy. Explore the key signs that a "luxury" apartment may not be worth the higher price tag, and learn how to spot the difference between true luxury and mere surface-level aesthetics.

Elevate Your Living Experience: Identifying Genuine Luxury in Apartment Rentals

Soundproofing: The Hallmark of True Luxury

In a true luxury apartment, privacy is paramount. If you can hear your neighbors' every move, it's a clear indication that the building falls short of the "luxury" label. Walkup emphasizes that in a genuine luxury setting, you should be able to enjoy the comforts of your home without being disturbed by outside noise. "If you can hear your neighbors watching Netflix, you're not in a luxury building."

Flooring: The Foundation of Refined Living

The quality of the flooring can reveal a lot about the overall craftsmanship of a luxury apartment. Walkup cautions that if the floors are made of laminate, it's a sign that the developer has skimped on materials. "True, it can look nice, but it lacks the appeal and refinement of solid or even engineered wood floors," he says. "If your floor is peeling, your apartment likely isn't luxurious."

Kitchen Finishes: The Heart of Luxury

The kitchen is the heart of any home, and in a true luxury apartment, it should be a showcase of quality and attention to detail. Roberts emphasizes the importance of the countertops and backsplash, noting that if they are made of faux marble rather than genuine materials, it's a clear indication that the apartment is not worth its asking price. Walkup also suggests looking for high-end appliance brands like Miele, Sub-Zero, or Wolf, as well as sleek, durable fixtures from renowned manufacturers like Franke, Dornbracht, or Kohler.

Laundry Facilities: A Luxury Necessity

In-unit laundry facilities are a must-have in a luxury apartment, particularly for those who plan to resell the property. Walkup explains that in New York City, the presence of a washer and dryer can add up to 7% more value to a co-op and significantly enhance the long-term resale appeal.

Amenities: The Hallmark of a True Luxury Building

Amenities are a defining feature of a luxury apartment complex. Walkup emphasizes that a true luxury building should offer more than just a basic gym or lounge. "A proper luxury building should include thoughtful amenities beyond a gym or lounge — think roof deck, outdoor kitchen, screening room, spa, sports courts, etc.," he says. "If the gym is a treadmill in the basement, you're not in a luxury building."

Closet Space: The Unsung Hero of Luxury Living

Ample closet space is a hallmark of a true luxury apartment. Roberts cautions that if an apartment has tiny closets that can't accommodate a resident's belongings, it's not worth the high price tag. "People don't want to start building closets or even rent a storage space somewhere," she says.

Windows: Letting in the Light of Luxury

The quality and quantity of windows in an apartment can also be a telling sign of its luxury status. Roberts emphasizes that a true luxury apartment should be "light and airy with plenty of windows." Dekidjiev adds that the type of windows also matters, noting that double-pane windows provide better insulation and noise control, while some luxury homes even feature UV protection.By keeping a keen eye on these key features, prospective renters and buyers can navigate the luxury apartment market with confidence, ensuring they get the true high-end living experience they're paying for.