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Buying A Penthouse, A Long-term Investment

Buying A Penthouse, A Long-term Investment

21.04.20

Just as you are living it up sky-high, so are expectations when it comes to purchasing some of the most exclusive properties. From the finishes, amenities and of course, the views, penthouse living offers exclusivity like no other.

But an important distinction to be made is that not all penthouses are created equal. Beyond the number of bedrooms, the price per square foot, there’s more to investigate to ensure the investment works for you in the long-term.

Never Go Out of Style

Whether it’s the perks of spacious living, high ceilings, designer and modern finishes, to amenities, and of course, impressive views, penthouses offer luxury that never goes out of style.

However, knowing key details in the finishes, reputation of the building and the neighbourhood, is more important towards your long-term investment. Will a future development in the neighbourhood increase the value or hinder your investment, like discovering that it would block prime views from your building?

The High Price of the High Life

The best unit in the best building does command premium--it is the crown jewel of the building. Buyers can expect to pay about 20% to 40% more than equally sized units on lower floors.

Demand for luxury condos and properties continue to rise in cities. The appeal of urban cities and building amenities, from fully equipped fitness facilities, yoga studios to rooftop gardens that support certain lifestyles mark a new approach to luxury.

While living the high life comes at an extra cost, the investment is more likely to pay off in the long run. Penthouse units are often low in inventory because the units trade less frequently. It’s also for this reason that owners often see more appreciation on the properties.

Is a Penthouse Right for You?

Across the board, penthouse buyers expect to pay a premium but also premium return on investments. That’s especially true given the right market, location and the right service. Even in a shifting market, the right service can help you generate the results you want. The Penthouse Queen offers a breakthrough service as the authority on penthouses in Toronto.

With more than a decade of experience, Claudine Montano, the Penthouse Queen, possesses a strong business acumen of global and local expertise when it comes to the constantly evolving real estate market.

Find out more here: www.penthousequeen.com

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