One of the top trends in real estate is the further emergence of luxury housing. Luxury housing can include places to live for families, couples, and college students living away from home while they attend school. Luxury housing can mean different things in different housing markets across the United States. The one thing all luxury housing has in common is they involve higher-priced real estate in certain areas of the country.
Different prospects for luxury housing are looking for different amenities and features in a property. Wealthy buyers are often art collectors, and they are seeking spaces to display their collections. Others are looking for cathedral ceilings, luxury finishes, and large dressing rooms, which have become popular features. Indoor-outdoor living is preferable to rooftop decks. Since more people are using rideshare companies, parking has become less important. Because people are doing more at private home entertainment, there is less of a desire to have large party rooms available. Instead, some of these families are seeking more special amenities for their children and teens. More secure and protected residences are highly sought to keep a family’s privacy and safety secure.
In today’s housing market, especially in cities and towns with colleges and universities, students may see themselves facing a big decision. Should they live in a cramped, boxy student dorm for a small monthly rental, or should they be able to afford this? Should they live in a luxury student housing building off-campus? Rents will definitely be higher in a luxury rental building, but students often choose to share living space with other students to bring down the total cost. Amenities that are available in luxury apartments are always more exciting and fun than on-campus housing. Often available to students are pools, gyms, or spas on the premises. If these same students lived on campus, similar amenities might be available, but they would not be in the same building as the ones in which they live. Landlords can also benefit financially from having students live in their luxury apartments by charging a per student rent, say, four students, at $700 a month as opposed to charging a family $2500 a month. Running a building full of students may be harder to manage than a quiet family building, but it can be more profitable to the landlord.
As an excellent example of luxury student off-campus housing, the University of Houston can serve as a role model for the country. The University (UH) was founded in 1927, and the city of Houston is now a major population center. This premier tier-one university has a sprawling campus in this huge city. There are a myriad of housing choices both on and off-campus. One growing area of interest is buildings like the Proper, formerly known as the Aspen Houston. This luxury apartment building is a mere two miles from campus on Martin Luther Boulevard in Houston. To facilitate students going to and from campus, a private shuttle bus is available. The neighborhood in which the Proper is located is one that has numerous restaurants, shops, and even grocery stores.
This building is a high-end example of UH apartments. The amenities available to renters provide students with a maximal opportunity to make their college years a better, more comfortable experience. Among the amenities are:
• Twenty-four-hour fitness center
• Study room and computer lounge
• An outdoor fire pit and grilling area
• Dog park
• California style pool
If you are looking for a variety of floor plans where you can control if you live alone (or with your dog!) or with a close friend or two or even, if you want to live with 4-6 other students, a luxury building will work well for you. With valet trash collection, large open spaces, and many amenities that are not available for those living on campus, luxury apartment living is for you.
To sum up the latest hot trend in off-campus living, consider a luxury apartment building. It can make a huge difference in your college experience.
