When looking at luxury apartments to rent you need to consider all of the costs. Luxury apartments will have a higher monthly rental cost, but there are other costs that you will also need to factor in. These additional costs could make the difference between whether or not you can afford a luxury apartment.
The Energy Bills
Luxury apartments often come with high ceilings which make it difficult to maintain a consistent temperature in the apartment. When renting a luxury apartment the landlord often covers the costs of gas, but energy may not be included. This is a problem during the summer months when you are looking to cool down the property. If the apartment is in an older building it may be even harder to maintain the consistent temperature.
There may be a number of building fees that you may be liable for when renting a luxury apartment. If you have found an apartment with a garden then you may need to pay a garden fee. You might not have to pay this fee if your lease states that you are responsible for maintaining the garden. If you have to maintain the garden there could be a clause stating that you are not allowed to simply let the plants die.
Owning a pet brings about costs such as vet fees and food costs, however, you may have another fee to consider with your apartment. While the apartment may be pet-friendly, they could also charge a levy for this. The apartment complex may charge a set fee for allowing your pet and an increased security deposit to cover any damage your pet may cause.
The Price Of Amenities
One of the benefits of luxury apartments is that there are many amenities located within the apartment complex. This could include a gym or café, but this may not be free. Luxury apartment gyms may charge an additional membership fee for you to use them and this could be higher than you are expecting. If the amenities are one of the reasons why you are looking at these apartments then you have to carefully consider what the costs actually are.
On top of having to pay movers, you may also have to pay a move-in fee. This fee is usually charged by the homeowners association to the landlord, but you could be liable for it. Among other things, this fee will ensure that you have the elevator reserved for the day you move in.