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What Makes One Apartment More Expensive Than Another?
When it comes to apartment living, what makes one apartment more expensive than another? Many factors come into play, but below are three of the most common reasons. However, do expect to stretch the budget if you are looking for the most expensive apartments in Washington, DC. We shall explain why.
Location, location, location
The old saying goes that the three most important factors in real estate are location, location, and location. And when it comes to apartment living, for whatever purpose, this couldn’t be more true. An apartment that’s located in a desirable neighborhood is going to be more expensive than one that’s located in a less desirable neighborhood.
For example, an apartment in New York City’s Upper West Side is going to be more expensive than one in the Bronx. The same can be said for an apartment in San Francisco’s Nob Hill neighborhood versus one in the city’s Tenderloin district. Washington, DC apartments as they are situated in the capital city will also command the highest prices when it comes to renting them. This is whether for a short time or an extended stay.
Whether we let an apartment to live in or holiday in, we are faced with the same costs of renting that kind of space. This is because to be near the attractions that everybody will want to see will cost us more. This is whether we end up living near them permanently or have just arrived so that we can sight-see them as a tourist.
We all love to be surrounded by history and entertainment because it is convenient to be near to these things that we enjoy about a place. The exception will be if you are someone who prefers a quiet life. You will then desire to rent an apartment just outside where the main action takes place.
This will work out more affordable too in terms of rental, although not when it comes to transport costs. Luxury also tends to be found within a city and comes with that kind of territory.
Another factor that can make an apartment more expensive is the amenities that are included. An apartment that comes with a washer and dryer, for example, is going to be more expensive than one that doesn’t. An apartment with a swimming pool and fitness center is going to be more expensive than one without those amenities.
We have to decide how luxurious to go. It does, however, seem a shame to lose useful amenities we have become used to at the location we traveled from. There is no doubt that the luxury of a place like Washington, DC will mean that you are more likely to end up adding amenities than losing any.
The size of an apartment is also a factor that can make it more expensive. A larger apartment is going to be more expensive than a smaller apartment. This is partly because there’s more space to heat and cool, and more space to furnish. This will be if you are sticking around.
Extra space will mean more to clean, but then, an apartment renting agreement can often include cleaning services. Particularly where luxury apartments are concerned and you have that kind of budget to spend. Also, laundry services are usually an option so that clothes needing washing do not remain taking up space on the floor.
So, those are three of the most common factors that can make an apartment more expensive. Location, when there are the attractions everyone wants to see. Amenities that can be added on or be included with luxury apartment options. Also, size, as extra space always means more to pay. These are all important factors to consider when you’re looking for an apartment. Keep them in mind as you start your search.