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Difference Between Apartment and Penthouse

Difference Between Apartment and Penthouse Banner

With the increase in land prices, people are moving towards apartment and penthouse living. It is because vertical living gives more spacious living for fewer sq. ft. Whenever the idea of vertical living comes to mind, one is presented with two options, i.e., apartment or penthouse.

Many people who are not aware of these terms usually confuse the two with each other and in the worst-case scenario, they might end up investing in the wrong property.

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The key differences will be discussed in detail here:

Understanding the Difference

An apartment is a housing unit that is a part of a building and multiple apartments are present in a single building. It is more inclined towards the affordability factor of the property buying since apartments are in excess in the building and they offer a spacious floor plan. An apartment can be as small as a 1 Bedroom or a studio apartment.

Apartment and Penthouse

Whereas a penthouse is a luxurious living space that is often identified as the top floor unit in a building with a panoramic view of the surrounding. Since the demand for the penthouses has increased because of their luxurious features, it is difficult to accommodate a single penthouse in a building, and hence it is now being referred to as luxury apartments in some regions.

Apartment and Penthouse

Also Read: 5 Reasons To Invest In One Capital Residences Islamabad

Price Difference

Apartments are usually considered to be affordable options especially when it comes to spacious living with less amount of investment. Property buying has become a cumbersome process in recent years because of the soaring economy of the country and the increased prices of properties as well.

Moreover, the increasing population has created a demand for vertical living. Therefore, many apartment buildings are being constructed in different parts of the country since they offer a good amount of space for less amount of money.

Price Difference

But if you have enough money in your bank balance to enjoy the luxurious living standard of an apartment building with a panoramic view of the surroundings, a penthouse is a great option for you.

It is packed with all the amenities, but it also comes at a premium price. But it is great value for money since all the luxurious features add to your living experience in the long run. So, considering the premium pricing of a penthouse can give you more value for money than a regular apartment.

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Features That Differentiate

Differentiating Featuring

Both apartments and penthouses have unique features to offer since both categories are targeted at different economic classes of the market. Hence, the developers must create value by providing the maximum number of features in the price of the apartment or a penthouse.

Features of an Apartment

  • Balcony Space – Patio
  • Elevator Access
  • Parking Space
  • 24/7 Running Water
  • Electricity, Gas, And Internet Facilities
  • Laundry
  • Offered in 1-, 2-, 3-, or even 4-BHK or Studio Apartment
  • Affordable

Features of a Penthouse

  • Dedicated Parking with Guest Parking Facilities
  • High Ceilings
  • Dedicated Elevators with Direct Access to the Penthouse only
  • Master Bedroom
  • Separate Balcony, Private Outdoor Space, and Rooftop Access
  • Open Floorplan
  • Kitchen Equipped with Latest and Modern Appliances

Conclusion

Penthouses are sheer luxury and they come with a premium price tag. Whereas apartments are an affordable option. It is up to the person’s interest in either of the properties since both of them offer great value for money.

Moreover, since the competition has increased in the market, the developers are increasing their facilities as well. It is significant to know the differences between an apartment and a penthouse as mentioned above to make the right decision when purchasing either of the properties.

If you want to buy an apartment or penthouse in a good location in Islamabad, contact Manahil Estate at 0345-5222253

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