Is Leasing a Luxury Apartment in Hanoi Worth It?

Are you searching for luxury apartments in Hanoi? If yes and you have a reasonable budget to lease the apartment, you might question if it is worth paying for luxury apartments. Though these apartments are spacious and come with a long list of amenities, you can’t get them without paying a significant amount of extra money.

If you find yourself on the fence about splurging on Hanoi luxury apartments, here are some of the perks and costs that will allow you to see a greater picture.

Perks of Leasing a Luxury Apartment

• Most luxury apartments are priced for high-quality and elegant interior space. They are equipped with advanced features, luxury furniture, and world-class appliances along with a jaw-dropping interior design. When living in a luxury apartment, you don’t see the problems of frequent appliance breaking or some features being inaccessible.
• Some of the luxury apartments in Hanoi are bestowed with great scenic views and locations. You may also find some with a lake view. Usually, luxury apartments are constructed downtown or close to major workplaces; it means you don’t have to spend long hours commuting. Besides, they are also close to other quality places, such as restaurants, clubs, and cafes to hang out with colleagues and friends.
• Living in a luxury apartment also means you might have more high-quality communal interactions and access to places that support your health and happiness, such as top-of-the-line gyms, fitness clubs, sports clubs, and more.
• Top amenities are the by-product of a luxury lifestyle. Luxury apartments in Hanoi may also come with extra amenities, such as a recreation center and a communal center where people can lounge and interact with each other.
• Since you will be paying significant amounts of the monthly payment, owners of Hanoi luxury apartments will be willing to provide more support in terms of faster maintenance and more negotiating power when going over the lease terms.

Costs Involved with Luxury Apartments

With luxury apartments, the value of various perks and benefits is subjective. While community interactions and recreation centers might mean the worth of extra money for one person, the cost might feel too high for another person. It all depends on how you see things and value the perks.

To decide whether you should spend on Hanoi luxury apartments, you should consider the following things:

• How much you make every month or year. When you have a higher salary, the cost of a luxury apartment might easily fit into your budget. As a general rule of thumb, if the cost of a luxury apartment is around 10% of your salary, you can afford it easily.
• Most luxury apartments in Hanoi are available for extended lease terms, such as six months, a year, or two years, or even longer. If you are planning to live for a shorter period, a luxury apartment can be within your reach with a low budget. The overall cost would be lower and therefore, you will be more comfortable to pay for your temporary stay.

Apart from this, you should also consider your financial goals. If you are planning to save or make big investments in the future, a luxury apartment may not be worth the extra financial burden. However, if you want to live in comfort and luxury and focus on the present, then don’t delay your search for Hanoi luxury apartments.