For Mr Chris

A penthouse is an apartment that sits on the  highest floor of an apartment building, condominium, or hotel. Penthouses are differentiated from other apartments by luxury features. Wikipedia

Why you would want a penthouse? 

There is the prestige and sense of arrival that comes with being able to live in a penthouse. 

There’s always something exclusive about hitting that PH button in the elevator, where you are not just a number. 

Some of the Penthouse perks include:

panoramic views, mostly comes with lots of natural light, especially if there are more glass windows and a much higher ceiling exudes space.

Some come with elevators that enter directly into the apartment .

Peace and privacy.

Penthouses are way less noisy than other units because

It never comes with upstairs neighbors. 

You will not experience children running over your head and disturbing your sleep. 

Neither will you experience a possible leak, where you had to dispute the fault between you and your upstairs neighbor. 

The greatest possible perk of a penthouse is that it has ample outdoor space. 

Apart from that, if you had a penthouse that is surrounded by terraces, this would greatly emphasize the advantages of privacy, view, and good ventilation. 

For many buyers, having outdoor space is the end-all, be-all, and the main reason for even buying a penthouse.

Are you the type who loves gardening? 

Are you the kind who loves having breakfast al fresco style? 

Would you enjoy to sit and relax in the rising or setting sun on gorgeous days? 

Not every terrace for penthouses can be enjoyed. 

In some cases of really tall buildings, if there are super strong winds, then being able to enjoy the outdoor space will be a challenge. This is something we need to take note of. 

Panoramic views. 

Undoubtedly you can have gorgeous views from other apartments, but they often can’t compete with the views from the top floor. If you can find one that encompasses impressive views in every room, then this sets the apartment differently from others. 

Why you might want to rethink your options about buying a penthouse

Your roof damage is more likely in a penthouse than in other units. 

After all, you are living ru=ight below the roof. 

There is a lot more exposure to your unit. 

With your outdoor space, you will want to include planning the expenses of the landscaping, from the watering to the trimming, to the planting, pest control and upkeep of the garden

Building disputes.; 

When buying a penthouse, there are often disputes as to what the owner owns and, are the renovations done already approved by the management of the condo? This can be checked with the management office, before you sign on any contract. 

The office usually holds the records. 

If you intend to extend the existing Outdoor space, it can be a problem, and that may not be well defined, in older properties, if the penthouse owner is using space that that is a common area or vice versa. 

Overall, you need to make sure everything you put up there is legal and doesn’t disturb people below, especially when it comes to decorating your outdoor space. 

There are certain regulations to have compy with the BCA. 

Finally, 

So long as the supply of penthouses represents a fraction of overall apartments, you can be certain that the valuation will be strong, depending on the market forces.