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Philadelphia loft apartment

The Great Depression seems like a thing of the past, with younger generations and millenials all but having forgotten about the tragic events that followed. The financial crisis of 2007 through 2009, however, still stings a bit.

Though the economy as a whole has shown several signs improvement, including increased purchasing power of consumers thanks to more available jobs, the housing market still seems a bit wobbly. As such, potential buyers are hesitant to dive head first into purchasing a home, and are exploring other housing options, such as luxury apartment rentals.

Here are the top three perks the best luxury apartments have to offer renters.

Cost

There are several practical reasons why people choose to rent a luxury apartment over purchasing a home, however for many, the word luxury often translates to expensive and therefore not very practical at all. For those who press on and decide to rent a loft apartment or any other modern, new luxury apartment, they often find that the price is actually quite right, and that they can enjoy a high level of comfort and convenience without breaking the bank. On average, renters save over $500 per month by opting to rent instead of buying a home. For those who have student loan debt — which is becoming a crisis in and of itself — renting is the most cost effective option, allowing renters to save.

Convenience

Aside from being affordable, the best luxury apartments offer unparalleled amenities that would make any home owner green with envy. For home owners, major repairs such as hot water heaters or furnaces can be financially devastating, leaving a nice dent in a hard-earned nest egg. Renters, on the other hand, are fortunate in that these kinds of repairs are the responsibility of their landlord or property management company. Additionally, often times arduous chores such as lawn and snow maintenance are also included in the cost of rent a luxury apartment, allowing tenants to have peace of mind. After all, who has time for that?

Character

The best luxury apartments offer a level of comfort that is simply unmatched. Luxury apartments offer stylish, sophisticated, and modern interiors that are brimming with the latest — and greatest — features. Quartz counter tops, halogen recessed lighting, rain style shower heads, and chic, chrome fixtures are only some of the many modern features that typically come standard in luxury apartments. In addition, many luxury apartments are “green”, boasting high-efficiency appliances such as front loading washers and dryers and low-flush toilets.

Though the list goes on, it’s easy to see just from the three reasons listed above why luxury apartment rentals have become increasingly popular over the course of the last decade. If you’re looking for an affordable, comfortable, and convenient place to live, perhaps it’s time to follow in the footsteps of the Jeffersons and move on up to that deluxe apartment of your own. More like this article.

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About Me

I've seen a lot of cooking, home improvement and crafting shows and, let me tell you, they make things look way easier than they are. Most people really can’t remodel their own kitchen, paint a wall mural or whip up a gourmet meal in an afternoon. I’m here to share my ideas and guidance about home and family--things I've learned through trial and error. I've already made the mistakes so you don’t have to! Just don’t ask about the kitchen cabinet refinishing project that went awry.
July 2022
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