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Is High Rise Condo Living Right for You? Read This Information Before Buying!
By Chris | September 16, 2007
Urban Luxury High Rise Condominiums offer the ultimate lifestyle! From the virtually no maintenace living to the luxury amenities such as a 24/7 concierge, luxury high rise condo living can be a very attractive choice when you are considering your next home purchase. However, below are some things to take into consideration before you are sold on high rise condo living and put in that purchase offer.
Storage: Luxury high rise condo living may not be for those of you who can’t seem to throw away anything you’ve ever owned since childhood! Storage space is precious and costly when it comes to condo living. Consider yourself lucky if the condo you are considering purchasing has a decent size storage closet inside the unit. In most buildings, extra storage is available for lease or purchase. Generally the extra storage is in the underground parking area near your assigned parking space(s). Keep in mind though that limited storage can be a good thing as it will leave you no choice but to rid yourself of all those boxes of ‘stuff’ and allow you to live ‘light’!
HOA: HOA fees for high rise condos work similar to other HOA’s that you may be familiar with. The dues are paid monthly to cover landscaping, building maintenance, blanket insurance, & reserves. However, in luxury high rise condos, the HOA fee can also cover luxury amenities such as concierge, valet, wine storage, limo transportation, high-end fitness center, & even maid services. The total HOA monthly dues will vary depending on the age of the building, the number of residents, & what’s included in the monthly fee. Before purchasing, also be sure to inquire about both any pending special assessments as well as confirm that they HOA reserve fund is adequate.
Noise: Do you like cranking up your favorite rock-n-roll tune when you get home after work? Well, you might want to invest in some sweet stereo headphones if you plan on living in a luxury high condo tower. Luxury High rise condo towers have set of rules and noise control is one of the strictest of them. Most buildings enforce a quiet period from early evening to morning during which residents are required to keep the noise down. Make sure to review the HOA’s rules on noise control to make sure it fits with your lifestyle before purchasing your luxury high rise condo!
Parking: In order to accommodate the required number of parking spaces for a high rise condo development, parking is commonly built underground. Generally, at least one underground parking space comes with the purchase of a condo. However, some buildings allow an owner to purchase, sell, or lease out additional parking spaces that may be desired by the other residents. Don’t forget to make sure that the luxury high rise condo project you are considering purchasing in has adequate parking for your guests, preferably close to the elevator and/or close to your unit.
Pets: Thinking about moving into a luxury high rise condo development with your 100 pound Pitbull named Conan? – not likely going to happen! Most buildings do allow domestic pets but have rules against exotic pets – no Snakes in a High Rise! With dogs, there will likely be restrictions on size and sometimes even breed. If you have a dog, make sure that either the condo development has adequate green space to walk your 40lb. or less ‘best friend’ or that there is a park close by. The last thing you want is to have to walk your dog 10 blocks to the park on a toasty 115 degree August afternoon!
The best way to learn all you can about luxury high rise condo living is to contact LuxuryCondoCompany.com. We can help you become better educated about what’s available in the greater Phoenix market and take you on a tour of the condo development projects that match your personal needs.
LuxuryCondoCompany.com is the number one website for luxury condo living in Phoenix, Scottsdale, & Tempe. We can also assist you in your search for a 2nd home in various locations throughout Mexico. Visit www.LuxuryCondoCompany.com for more information.
Topics: High Rise Luxury Condos, Uncategorized | No Comments »