3 Tips For Finding The Perfect Luxury Apartment

Finding an apartment can be difficult, and in no part of the real estate world is this more true than in the luxury market. That said, there are still plenty of things you can do to make the search easier. If you're curious to learn more, take a look below at a few helpful hints to get started on a journey to finding the perfect luxury apartment.

Contact an Agent Who Has Access to Exclusive Listings

One of the first things you should do is contact an agent who is well-established in the world of luxury real estate. Their connections will likely allow them to access properties that are technically unlisted, meaning you won't see them on conventional websites or other online real estate platforms. They can then schedule a showing if you are serious about taking a closer look.

Use Filters With a List of "Non-Negotiable" Amenities

What distinguishes one luxury apartment from another is likely to be its amenities. These include things such as location, fitness centers, green spaces, spas, and car charging stations. After you have decided on a budget and general location, it's worthwhile to sit down and make a list of amenities that are non-negotiable, or at the very least ones that are ranked in order of importance. This will give you a helpful way to use filters in online real estate search tools, meaning your search is narrower and therefore more efficient.

Don't Be Afraid to Wait and Negotiate

When so many non-luxury residential properties are snatched up in a matter of days, it is hard to practice patience as a buyer. But luxury real estate is often a matter of playing the waiting game. Since the market exists in a niche, there are usually fewer bids on a single property. Sellers may also be extremely motivated to sell a home that is not their primary residence and therefore are more willing to negotiate than you may expect. Don't be afraid to set your initial budget a little higher than you normally would and seek out properties that have been on the market for several months or more—you may be pleasantly surprised by what you find. 

By working with an agent who has an extensive network and by doing a bit of independent research, you can make the hunt for a luxury apartment much more enjoyable and efficient. Contact a local real estate agent to learn more about luxury apartments for rent.