Building a luxury condo is a big commitment, sometimes even more so than building a luxury home. Not only are you committing to a space of your own, but you’re also committing to a community of people. However, this is also what makes luxury condos all the more enticing! The countless amenities, social activities, and additional condo-living perks set the condominium experience apart.
If you’re ready to build the luxury condo of your dreams and feel the stress coming on, there’s no need to worry. Here’s how you can reduce inherent stress in your next luxury condo build-out, and how you can benefit from building one.
Create the Luxury Condo of Your Dreams
The luxury condo experience comes with a vast array of benefits. Unlike apartment buildings, you get the chance to customize your condo to your specific desires. Just like you would design any new home, the sky is your limit with design options. The stress of building a luxury condo is worth it when you discover the finished product. Building a luxury condo allows for many owner’s benefits:
- As an owner, you can customize and design your luxury condominium as you wish
- Condos come stocked with state-of-the-art appliances, finishes, and fixtures
- There are opportunities for growth within your community; become a board member and establish leadership within your community
- Build in a sought-after and highly-desired area
- Choose the amenities and perks that work best with your needs
If you’re not quite ready to build a home, a luxury condo is an excellent option. For those who want community, are ready for expansive opportunities, and crave that luxury lifestyle, a luxury condo is for you.
Luxury Condos Without the Stress
How does one begin to diminish the stress associated with a luxury condo build-out? Luckily, there are resources. Before beginning layout plans, design plans, or even vetting builders, you need to create a budget. Budgeting can feel daunting without professional help and guidance. So here is where you can begin:
Hire an Owner’s Representative
A qualified industry professional can help with all of the moving parts that go into building a condo. An owner’s rep can help with setting and staying on budget, communicating with your teams, and managing tasks. An owner’s rep is someone who is in your corner no matter what. They understand your vision, advocate for your needs, and take care of the hard parts so you don’t have to.
Delegate Tasks
With that being said, make sure to delegate amongst your team. It’s not up to you to manage the entire project. Hire people who can help. A trusted construction team, architects, designers, owner’s representatives, and others are here to make the process smoother.
Stay Involved With the Process
While it’s important to have a team to assist you in your build, you should also remain connected to the process. Don’t stray far, this is your luxury condo after all! Communicate with diligence, attend as many meetings as possible, and make sure your vision is being fulfilled.
Budget, Yet Remain Flexible
Luxury condos require a reasonable, yet flexible budget to achieve luxury status. When setting a budget with your owner’s rep, make sure to leave space for extra expenses. Your owner’s rep will also work to make sure you don’t stray too far from your intended budget. However, luxury builds require significant investing. Leave room for the finishing touches.
Stay True to Your Vision
Remember, this is your project! Your vision, needs, and desires matter. Advocate for what you want, and don’t compromise.
Ready for a Luxury Condominium?
The team at Gryphon Consulting is happy to assist you in your next luxury condo build-out. Paul Johnson maintains expert status in the industry with over 35 years of contracting and owner’s representation experience. See how we can best serve you. Don’t hesitate to contact us today.