Penthouse Apartments: Pros, Cons, and Costs

By: Jo Montgomery

Dreaming of a penthouse apartment in your future? The fact of the matter is that if your budget allows for breathtaking views and boundless luxury, don’t stop at just an upscale apartment! Here’s the low down on the high up penthouse – the pros, the cons, and the costs.

What is a penthouse apartment?

The words “penthouse apartment” have always carried with them a certain cachet! That’s because they are the premium units in any building. Historically on the top floors of a building, they can be found throughout buildings today. No matter where they are, they typically offer the very best views. And, to facilitate your enjoyment of those views, they tend to have high ceilings, floor-to-ceiling windows, and expansive balconies.

The-Bravern_11155-NE-8th-StBellevue-WA-98004_RPI_II-2860970-8-1-2

Not all penthouses are in the same place

Different apartment communities have different definitions of a penthouse. As we mentioned, most penthouse apartments are premier units on the tippy-top floor. You can also find three or four penthouses occupying the same floor. Regardless of the configuration, most include exclusive amenities, terraces, and a variety of layouts.

Pros of a Penthouse Apartment

There are so many pros that come with renting a penthouse apartment, we’re not quite sure where to start.

Never-Ending Views

If a striking view from almost anywhere in your apartment is something you yearn for, you can’t go wrong with a penthouse. These units, usually at the top of the building, offer the very best views and vantage points. Every day, from sunrise to sunset, nature puts on a show for you to ogle at. 

Spacious Floor Plans with Luxury Touches

Space abounds in the generous floor plans of a penthouse. They often feature dens, walk-in closets, fireplaces, and balconies. Of course, everything is oversized! And along with this delightful space, come high-end, luxury finishes. Property managers know penthouse renters expect all the newest and hottest upgrades. That’s why they adorn penthouses with stainless steel appliances, custom cabinetry, gourmet chef’s kitchens, spa-inspired bathrooms, private outdoor living spaces and so much more.

Privacy

More than any other unit in a building, the penthouse is private. It’s typically one of just a few, or the only, unit on the top floor. Because of this, it will often have exclusive elevators, with a special key or code.

Status

There’s no denying it, there’s a certain status that comes with living in a penthouse apartment. Along with loads of perks, like the personal escort for guests upon request, provided by the Bravern Signature Penthouses. So, between the status and the perks, you’ll probably be the go-to spot for hosting and entertaining friends and family. You’ll have to decide if that‘s a good thing.

The-Bravern_11155-NE-8th-StBellevue-WA-98004_RPI_II-2860970-2-1

Recession-proof investment 

Penthouses are not available in large numbers. That being the case, as long as the demand is higher than the supply, there is no need to worry about depreciating value.

Cons of a Penthouse Apartment

Although there aren’t many, you should know about the drawbacks of a penthouse apartment.

Cost

With all the perks and amenities that come with a penthouse, comes the price of living the good life. According to The Nest, “penthouse apartments cost an average of 5- to 15-percent more than other units in the same building.” What you’re paying a premium price for is all that extra space, fantastic views, and high-end everything. If you talk to anyone who lives in penthouses, they will most likely tell you it’s worth every penny.

Longer Elevator Rides

This may sound petty, but a penthouse apartment also has the longest elevator ride – sometimes with multiple stops along the way. Of course, this isn’t normally a problem unless you’re very busy and come and go frequently. And the ride can feel even longer when you’re schlepping groceries or walking the dog.

Possibility of Noisy Rooftop Goings-On

Since the penthouse is on the top floor, you may be up there with the community’s rooftop amenities like pools and common spaces. Although it is convenient to be close to these things, it could get a little busy and noisy on the weekends or when there are community gatherings.

A Rare Find

Unfortunately, most apartment communities only have one or two penthouses to choose from. Since the market is small, it tends to drive up demand and competition. So, if you have your heart set on a penthouse apartment, start looking now.

Is a Penthouse Apartment for Me?

A penthouse apartment is a perfect choice for anyone craving the luxury lifestyle, mesmerizing views, indulgent amenities, and the best darn unit in the communities. However, it also comes with a significantly higher price tag and a few drawbacks. In the end, it’s a lifestyle choice. So, know what you want, know your options, and have lots of fun touring these gems in the sky!