If you’re on the lookout for a new apartment, you are probably wondering about the cost of apartments on higher floors versus lower floors. So, are apartments on higher floors more expensive?
The short answer is yes, generally higher floors are more expensive in “high-rise” or mid-rise buildings, however with garden-style apartments, it is usually not the case. In fact, in garden-style apartments, the higher floors may be cheaper if someone has to walk up a lot of stairs.
Generally, though higher floors are more expensive.
Since higher floors are usually more expensive, let’s take a look at some of the reasons why:
1. Views
There is a premium for the panoramic views. Even if you don’t live in the best location, top-floor apartments tend to provide the best views compared to apartments on the lower floors.
2. Luxury and Privacy Perception
There is also the general perception of luxury and privacy associated with being on a higher floor.
3. Enhanced Security Perception
Higher-floor apartments have the perception of being more secure. This makes them more desirable and in turn, more expensive.
4. Quieter
Being on a top floor means there is less street noise, allowing you to relax and unwind.
5. Natural Light
Higher-floor apartments can have more natural light compared to apartments on lower floors. This is one of the most attractive features for tenants.
6. Additional Factors that Affect Rental Prices of Apartments
While the floor you choose will have an impact on rental prices, some additional factors will also come into play. They include:
- Neighborhood
- Amenities
- Apartment size
- Window sizes
- Balcony
- Floor plan
- Apartment features
If you are looking for a feeling of luxury and privacy and don’t mind the additional rental cost, then choosing an apartment on a higher floor may be a great choice.
