Why maintenance cost of luxury houses are high always?

Q: I am planning to have any luxury apartment. I heard from my friends that maintenance cost will be high in this case. I will get many high tech features & amenities but it will be much more expensive. kindly explain it to me .

Himangi deshmukh, Delhi-NCR

6th January 2015

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Replies (3)

Hi Himangi,

In my point of view, it is the quality of the brand of tiles and finishing that are used or the way technology, intelligent lighting, energy conservation is handled that governs what is luxury. Not only do you buy luxury but to preserve it from depreciation over the years, one would need to maintain it too.

Tushar Sinha, Delhi-NCR

6th January 2015

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Hi Deshmukh,
Essentially, luxury means that you have ample living space. It is not only the ticket price that defines luxury. There are only two types of properties, luxury and the rest. Luxury properties necessarily come in with a host of other facilities, the ease of approached, technologically sound and ideally located. If your property qualifies these standards, surely it is luxury. However, if it doesn’t, it would be hard to consider it luxury despite the heavy ticket price.

Amit Raj, Delhi-NCR

6th January 2015

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Hi All,
I agreed with Mr Amit Comment. But according to me, this does not mean that all the money would be spent on revamping your interiors. Revamping the interior designing can neither disproportionately increase the value of your home nor add any extra bit of luxury to it. If you are a connoisseur of space, design and luxury, do study how much extra you would need to maintain what you have bought .

Gautam Das, Delhi-NCR

6th January 2015

Hi Himangi,

Depending upon the make of your house, whether imported finishing, latest technologies and the best interiors, the maintenance cost would vary from Rs 8-50 per sq ft! By this standard let’s assume that your house is spread over 2000 sq ft. The minimum you would have to spend on maintaining the look and feel of your luxury house is Rs 16,000 per month.

Deep Thakur, Delhi-NCR

6th January 2015

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