Living In Luxury On A Budget: Sacrifice Space For The Amenities You Want

Posted on: 5 January 2016


If you have champagne tastes and a beer budget, you know that you have to compromise to be able to have your little luxuries. When looking for a luxury apartment, amenities such as living downtown, a pool, tennis courts, dog park or a doorman, may be important to you. One way to have some of the extras you crave for less money is to live in a tiny space.

Small Apartments Are Hot Right Now

Simplifying and downsizing your life is the latest trend, and living in a tiny space forces you to pare down your possessions to only what you need and what you love. In fact, a New York City developer recently completed a high-rise consisting entirely of micro dwellings of 325 square feet or less, with features that make them extremely functional. All over the world, people are living in smaller and smaller spaces, so going tiny will make you one of an ever-growing crowd.

Search for Amenities First

Decide what is most important to you and look for an apartment that features those amenities. Items like high-end appliances, energy-efficient heating and plush carpet aren't restricted to larger apartments. In fact, to make up for lack of space, some units have features such as convertible furniture and sliding walls. Just make sure you aren't paying for unnecessary frivolities, such as an expensive chandelier when you'd rather have a ceiling fan. Don't hesitate to ask your real estate agent if you can switch things like this out for something more in tune with your lifestyle.

Make Your Apartment Your Own

Luxury is relative. The more amenities you get, the less luxurious your actual apartment may be. What's considered a luxury apartment in the suburbs is often not the same as one in the city. Add your own luxury-on-a-budget items such as second-hand high-end furnishings and inexpensive original artwork by local artists to turn it into the palace you want and deserve. Color and unique accessories will go a long way toward making your humble abode into a conversation starter.

If living in a nice place with certain amenities is important to you, giving up space to get what you want is a small sacrifice. Joining the trend toward simpler living in tiny spaces may be just what you need to live where and how you choose. Your local real estate agent can help you find the perfect luxury apartment to fit your budget while giving you at least some of your dream items.