Should You Purchase a Home in a Luxury High-Rise Building?

 

High-rise buildings offer an exciting lifestyle and luxury amenities that are not always available in single-family homes—or at least not to the same extent. If you’re ready to sign off on a property that allows you to be part of a community, enjoy hands-free maintenance, and score a great view of the surrounding area, a high-rise home might be for you.

Here, we will discuss some of the top considerations you should ask yourself when deciding whether or not a luxury high-rise building is the right fit for your lifestyle.

The vast majority of high-rise building operate under a homeowners association (HOA). This group is the governing body of various rules and regulations within the high-rise community. Therefore, it is necessary for individuals living in the building to pay fees to the HOA. In return, the HOA provides services and maintenance to ensure that the property is always running smoothly and safely.

For example, fees paid to the HOA may contribute to the landscaping surrounding the building or to replacing outdated carpeting in shared hallways. If you’re interested in having a say in what the HOA does, you can apply to join the association. All in all, the HOA of a building is in place to keep everything in pristine condition for you to enjoy. 

In a high-rise building, you have the unique opportunity to easily meet other people, as these types of buildings have a handful of community gathering spaces such as pools, clubhouses, lobbies, shared offices, and more. They may even offer special events for building tenants like happy hours or sporting tournaments. If you’re hoping to meet other people while also maintaining privacy within your own unit, a high-rise might be the best option for you. 

One of the greatest benefits of living in a high-rise building is the amenities that are offered. From a pool and jacuzzi to a workout room, high-rise buildings are filled with features that you can enjoy. In some properties, luxury amenities like wine cellars, 24-hour valet parking, rooftop bars, and pet spas are available. 

When living in a high-rise, you’re likely to have less room for storage in comparison to a traditional home. Whether you have extra cars, boxes of family mementos, or a large wardrobe, a high-rise will have smaller storage options. You may need to get rid of some of your belongings to fit into the high-rise or pay for an extra storage unit. 

Are you sold on high-rise living in a piece of Naples luxury real estate? If so, let's get in touch. You’re in good hands with our team, as our agents have years of experience in purchasing both luxury high-rise homes and opulent single-family estates.