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The luxury apartment business has been through the wringer in the past few years. Like so many issues, this has a lot to do with COVID-19. In 2020, there were plans to build more luxury apartments than had been built in any other year of the past few decades.
Once the pandemic began spreading in earnest, the luxury apartment market plummeted. Real estate companies lost billions.
With COVID-19 on the decline, luxury apartment rentals have increased. If you’re looking for a luxury apartment to rent, we can help. We’ll talk to you about some great apartments in Belmont, CA, and what makes them unique.
Healthy Amenities
Luxury apartments often come with a lot of amenities. The amenities are the biggest thing separating the average apartment from a luxury one. Many luxury apartment amenities are health- or fitness-related.
Some of the most common amenities include gyms, swimming pools, and even saunas or tennis courts. This makes it so much easier to stay healthy in these apartments.
Not all the amenities will be health-focused, though, and some apartments won’t even have healthy amenities. They may have game rooms, lounges, or any number of other things.
A Sense of Community
In addition to the decline in real estate, COVID-19 also kicked off a large rise in communal living. With rent prices and other costs of living on the rise, many people are finding it easier to live with a group and divide costs among them.
Luxury apartments provide some of the same advantages, but not all of them. While you likely won’t split the cost of living with others in your building, there will be spaces where you can spend time with other residents and get to know them.
A sense of community is important, especially since humans are a social species. Most of us will gravitate towards a small community of friends and family when possible.
Luxurious Accommodations
Luxury apartments are often higher-end, with more advanced appliances and designer furniture. This could come in the form of a larger TV, an advanced HVAC system, toilets with bidets, or any number of other things.
Some accommodations might not be for the sake of luxury but for comfort. Pets are allowed in many of these apartments, and our apartments are no exception. We allow residents to have up to two cats, provided both stays indoors and a deposit is paid up-front.
You might want to factor in a pet fee when comparing apartment costs.
Luxury Apartment Rentals
We can show you some incredible apartment rentals if you consider moving into a luxury apartment. We’ve talked a lot about apartments in general and a bit about our luxury apartments in Belmont, CA, but you can never learn too much about real estate.
You can find more information about luxury apartments and their specifics by reading our blog. If you want to rent an apartment, feel free to contact us at McLellan Estate Company.
McLellan Estates operates two apartment complexes in the Bay Area, Crestview Apartments and Old County Road Apartments, both in close proximity to shopping, parks, dining, and transportation.