What defines a 'luxury' apartment?

Gilgamesh

Hi guys,

while I was looking around for a place to move to last, year, I noticed that so many places have the term 'luxury' in them.

What is this about?

I lived in a 480 square meter, two floor Penthouse in the middle of Nuernberg, Germnay, bafore I moved to Ireland, and woudl consider somethign with that magnitude as luxury.

A lot of the places i looked at here though with that term in them, would have only gotten the classification as 'normal' or 'moderate' from me.

coudl someone please explain

cheers

Gilgamesh

DublinWriter

What defines a 'luxury' apartment?

.....the estate agent.

Gilgamesh

DublinWriter wrote:

What defines a 'luxury' apartment?

.....the estate agent.

baddum tish.....

so there isn't a real definition for it, is that what you are saying?

just went through my head when I read the thread in here about the single bedroom in galway in a 'lucury' apartment, and before I was going to thread spoil, I thought I would post it

jdivision

There is no restrictions on what you can say in property brochures, unlike in Britain where there is legislation in place. Sometimes you'll even find parts of the house talked up that were built without planning permission and you as the new owner will have to apply for retention. The small print in the brochure makes it clear that they are not responsible for any inaccuracy in the brochure, nor do they form part of a binding contract.

Imposter

You see first you had flats...

Then you had apartments....

And now you have luxury apartments!

What's next!

Thought it meant 'inside toilets'...:eek:

MorningStar

Imposter wrote:

You see first you had flats...

Then you had apartments....

And now you have luxury apartments!

What's next!

The funny thing is technically speaking a flat is bigger as it means a whole floor of a building where an apartment only means a section. I guess it depends on the building but still.

I always take luxury to mean above standard fittings so things like light switches aren't just the basic white plastic ones. Generally it seems to mean nothing that people really notice or think has value. I can assure you when you go to change a light switch from a standard one to a chrome one you will see the differnce. Minor costs really but they can add a large cost to a house. If you cost a building with standard materials and then add an extra 10% for unpgrading fittings you seem to be able to get an extra 10-15% on the asking price. Presentaton makes a big deal to people.

I do feel sorry for inexperienced people buying there is so much to know and most of it is really only gain through experience. It is very easy to panic too especially in this market.

Sponge Bob

Imposter wrote:

And now you have luxury apartments!

What's next!

Ground floor penthouse suites (luxury ones of course) on Sherriff St .

Victor

Typically its more about the rent than the finish.

Before I would describe something as luxury, it would need:

Minimum bathroom + en-suite and en-suite for every second bedroom
Room sizes materially exceed DoEn standards
Better security than standard
Superior finish, especially regarding fittings (kitchen, bathroom, general)
Hot water on demand together with hot water storage
Absence of building defects (damp, ventilation, structure, sound)
Some external space (balcony, garden, parking)
Not next to a chemical factory, etc

Sponge Bob wrote:

Ground floor penthouse suites (luxury ones of course) on Sherriff St .

:v: