Many have been attracted to life in the suburbs for generations. Bigger houses, friendly neighbors, and a kid-friendly environment are appealing to many families. And while the Philadelphia suburbs have been called some of the best places to live in Pennsylvania, it’s still not the same as living in the city. In Philadelphia, you can get all the excitement, opportunity, and activity of city life, without sacrificing a sense of community, safety, and quality of life.
Let’s say you’re looking to upgrade your lifestyle. You’re in the market for a luxury home. But which should you choose — a McMansion in the suburbs or something luxurious with top-of-the-line amenities like Riverwalk Philadelphia or a Washington Square townhome?
Here are three reasons why you should choose to live in a luxury apartment in Philadelphia instead of buying a home in the suburbs.
Reason 1: The Financial Burden is Lower in an Apartment
Owning a home can be very expensive, especially when it comes to upkeep. According to the Balance, it is recommended that an average homeowner should budget at least 1% of the purchase of a home for yearly ongoing maintenance. This means if you are spending $1 million or more on a luxury home in the suburbs, a hefty amount will be needed to be put aside every year for maintenance issues.
And maintenance costs do add up. Depending on the age of your home, chances are you will be spending much more on repair and replacement costs for such things as plumbing, roofing, and siding. And if you have an emergency, you’re going to need to call someone in, which can cost an arm and a leg.
Not to mention, with home buying you have to consider other costs you will need to deal with such as but not limited to:
- Mortgage payments
- Property taxes
- Homeowners insurance
- Landscape and yard work costs
- Pest treatments
But with a luxury apartment in Philadelphia, you never have to worry about maintenance issues. For instance, many property management companies offer 24-hour emergency maintenance if something should go wrong. And even if your maintenance issue is not considered an emergency, all you have to do is request work to be done on your apartment and never have to worry about spending the money since it’s included in the lease agreement. In fact, the only expenses you’ll need to worry about are your monthly rent payment and your utilities.
Reason 2: The Amenities You Want Without Spending a Dime
One of the advantages of living in the suburbs as opposed to living in the city is that you have the space needed to expand your home. So if you wanted a swimming pool, you can do that in your own backyard. Interested in an outdoor living area with a patio and outdoor kitchen? You can have that wish come true.
But before you call a contractor, you need to know the hurdles you’ll have to jump through to get these dream additions to your home. First, there’s the cost. According to HomeAdvisor, the typical cost of building an outdoor space can run between $4,000 and $16,400. And that’s not including any work permits you will need to secure before work can begin.
Fortunately, a luxury apartment will have all the amenities you would want. Take a look at Riverwalk for example. You can enjoy the outdoors any time you want with our outdoor picnic patio, meet up with your neighbors at the resident lounge, stay in shape at our state-of-the-art fitness center, and enjoy a quiet summer night with a quick dip in our rooftop infinity pool.
Reason 3: The Perks You Can Only Get Living in the City
Besides having the space you need to expand your home, the Philadelphia suburbs do offer a cheaper alternative than living in the city. But you’ll also be missing out on some great perks that you only get when living in the city.
For example, Riverwalk features an on-site Starbucks as well as a Giant supermarket, which offers the following:
- Your groceries will be delivered straight to your apartment door
- Prepared Food Bar
- Giant Pub with 60 beers on tap
- A great selection of restaurants such as Hissho Sushi Bar, Saladworks, and Mission Taqueria
That’s not even taking into account the neighborhood! Riverwalk is located in the West Rittenhouse/Center City area of Philadelphia, only a few blocks away from some of the best universities, hospitals, and attractions that Philly has to offer. You can learn something new at the Franklin Institute, go shopping at The Shops at Liberty Place, or enjoy a nice run in the park or along the Schuylkill River Trail.
Even better, unlike living in the suburbs where you have to drive to get anywhere, Riverwalk is conveniently located to Philadelphia’s major highways, 30th Street Station, and Suburban Station. Riverwalk not only has on-site parking but also has the PMC Bike Share program.
And of course, you’ll experience the excitement of living in the great city of Philadelphia. There is always something happening in this wonderful city of ours. So why would you miss it?
Interested in a Luxury Apartment in Philadelphia?
If you’re interested in finding a luxury apartment or condo in Philadelphia or would like to learn more about Riverwalk, Maxwell Realty is here to help. Since 1970, our luxury real estate agents have been helping home buyers and renters alike find the perfect home in Philadelphia.
With over $3 billion in real estate transactions, we know the luxury real estate market and we are prepared to find you the perfect home. Contact Maxwell Realty today for more information.