Frequently Asked Questions about High-Rise Living
THE LUXURY, THE SECURITY, THE CONVENIENCE, AND MOST OF ALL, THE VIEW!
High-Rise living represents an entirely different way of life. The lifestyle
is a celebration of luxuriant surroundings, spectacular views, peace of
mind, physical fitness and convenience. You'll find that you don't need
a house to enjoy a home.
What kind of "extra" services can I expect
from high-rise living?
Residents of high-rise living enjoy the peace
of mind of a controlled-access lobby, as well as services such as a concierge
to pick up your packages and a doorman to greet you each day. With staff
in the lobby 24 hours a day, high-rise living gives you a respite from
the stress of city life.
Recreational Activities / Entertainment
What kind of physical/recreational activities
does high-rise living afford?
Exercise rooms with numerous weight machines
and other equipment, along with tennis courts, jacuzzis and saunas are
features of many high-rise residences. High-rise living offers an entertaining
lifestyle. Spacious and uniquely-designed floorplans are ideal for entertaining,
and many highrises have party rooms which are available to residents upon
Are parking facilities provided by the building?
All residents enjoy assigned garage parking
privileges. Valet parking is available for the convenience of residents
and their guests in most buildings.
Are there specific guidelines in effect for
residents to follow?
To maintain a high standard of living and
maximum comfort for all residents, rules existpertaining to issues such
as noise and pets.
Do residents have any control over the operation
of the building?
The homeowners own and manage their building.
They elect a Board of Directors for business and residential decissions.
The Board of Directors establishes the policies and the building manager
implementes the policies for the Board.
How are utility fees handled?
In most buildings the cost of an energy-efficient,
chilled water air-conditioning system is part of the monthly maintenance
fee. Residents pay only for minimal electricity to run their fan, lights,
etc. You control the temperature and fan speed of your residence with your
individual thermostats, both for air-conditioning and heat.
Do I have the option to remodel my home if
Remodeling and design criteria are available
at the manager's office. Major changes or the combining of two units, however,
must be approved by the Board of Directors, (following a feasibility study
by a structural engineer), as these types of changes may effect the entire
Who is responsible for the upkeep of the building?
High-rises are maintained by a staff of experts
who ensure that the common areas of the building(such as hallways) are
vacuumed and cleaned regularly. They are also responsible for grounds maintenance,
pool cleaning, exterior window washing and building repairs, as well as
preventative maintenance on all engineering equipment.
Who handles repairs inside one's own residence?
You will be responsible for repairs within
your own residence. Repairs to the building's common areas are included
in the monthly maintenance fee.
What types of expenses might I expect as a
High-rise residents pay a monthly fee which
is used for general operating costs of the building such as common areas,
pool, staff wages, special repairs and unscheduled maintenance. The maintenance
fees are based on the square footage of your residences (including balconies),
and are comparable to the average costs of maintaining a single family
What insurance am I responnsible for carrying
in a high-rise?
The Council of Co-Owners carries insurance
on the common areas and exterior structure of the building, leaving you
responsible for only interior walls and contents of your individual residence.
Your insurance company should contact the building's carrier for any information
Do I pay the same amount in taxes as a homeowner
Your taxes are comparable to taxes of individual
homes. Property taxes in Texas are based on the assessed market value of
your home. For a high-rise this is based on the value of your individual
unit plus your percentage of owership in the building's common areas and
land. In Harris County, valuations are based on the sale prices of comparable
units in your building and/or your original sales price adjusted for yearly
appreciation or depreciation. You have a right to protest your yearly valuation
if you feel is is not a fair estimate of your unit's value.
How are high-rise residences priced?
In most cases, residences are priced according
to the unit's size, view and height in the building. For example, a 2000
square foot unit on the building's first floor would be worth less than
a unit, with an identical floorplan, on the tenth floor. Likewise, a city
view will enhance the value of your high-rise home. Prices are also based
on the particular building's quality of construction, amenities and location.
High-Rise Market Demand
What does the current high-rise market look
There has been an increasing demand for luxurious
residential high-rise living because of the unique lifestyle these residences
offer. The many privileges, as well as the comfort and peace of mind high-rise
living affords its residents, have attracted more and more buyers over
Without sacrificing a sense of home or
living space, high-rise living encourages an easier, maintenance- free
lifestyle by providing many amenities such as swimming pools, tennis courts,
and exercise rooms. Experience the convenience, luxury and freedom that
a high-rise home affords. High-rise living - it's the way to enjoy life!
building profile is presented for informational purposes only and does
not represent a listing of property for sale or lease.
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