13 Sep
How To Increase The Value Of Your Penthouse

How To Increase The Value Of Your Penthouse

If you’re looking to sell your penthouse, you’ll want to make it stand out from the rest. You can do this in several ways. These include location, square footage, floor premiums, and customization. These factors will increase the value of your suite, and they’ll help you make your penthouse stand out from the competition. Find here the list of luxury penthouses for sale in Dubai.

Location:

If you are a homeowner who has been thinking about selling your penthouse, there are some tips you can follow. One of the most important factors to consider is location. Penthouses have many advantages, including the ability to maximize views and natural light. However, they also have certain disadvantages.

Square footage:

The value of a penthouse is in its location. A top-floor penthouse can command more than seven times the price of a unit on the bottom floors. Moreover, it has amazing panoramic views and outdoor space. Moreover, the size of a penthouse is important when it comes to attracting potential buyers.

The more square footage your penthouse has, the higher the price. This is true not only for new penthouses but also for resale penthouse properties. In densely populated cities, having extra space is a major selling point.

Floor premiums:

Floor premiums can be a great way to increase the value of your penthouse. Developers will set a base price for a unit and increase it by a certain percentage the higher up the building you are. In Dubai, most floor premiums are around DH 1000 per floor, but it can be even higher for penthouses.

Customization:

When considering how to increase the value of your penthouse, consider making it uniquely your own. There are many ways to do this. For example, you can add an outdoor terrace to your penthouse. This allows you to enjoy the view without sacrificing privacy. Moreover, you can use the space on the terrace for additional features like a dining arrangement or as a drawing room.

Customization can also save you money. New penthouse developments often allow you to customize your unit to your specifications. This means you can enjoy a discounted price and get the best amenities. Often, developers will even give you designer credits for the custom touches you choose.

Maintenance:

Penthouses have unique maintenance needs due to the proximity of the roof. If you’re considering selling your penthouse, ask your prospective buyer what level of maintenance he or she is willing to perform. Asking this question will help you understand the long-term costs of living in a penthouse.