I’ve always wondered why so many ‘luxury’ apartments were being built. Many younger professionals are still living with their parents. Also, there aren’t enough high paying jobs in many areas to match the number of luxury apartments. And most of those places aren’t built for people to live there long term.
It’s kinda easy to make something to appear luxurious. A lot of the same upgrades they recommend you do before selling your house you can do to an apartment to increase its value while not breaking the bank. Especially if you’re doing it in bulk.
Vinyl flooring that looks like hardwood
Laminate countertops that look like marble or quartz
Peel and stick backsplashes
New faucets on sinks
Brushed Nickle or dark handles and ceiling fans instead of the classic “gold” or brass
Black appliances
Split floor plan with open concept.
Contemporary paint for walls and cabinets.
Add a gate, couple swimming pools with a gazebo, grill, and a doggy park. Mid fitness center.