While most of us relate to penthouses as the top-most floor of any residential development, the definition has evolved over time and is more related to luxury apartments where the layout and amenities are different and more unique compared to the rest of the units in the development. Some of the common features that you will find in a penthouse include high ceilings, open floor plans, a kitchen that is equipped with high-end appliances, spacious living rooms, private elevators and much more. The size of a penthouse is not constant and can vary; while some apartments have three bedrooms, the remaining may have fewer or more bedrooms. Living in a penthouse comes with several advantages, starting with the extra space and the perks you get. For a person who has worked hard all their lives, buying a penthouse is a great way to reward yourself as you will have an exclusive apartment that is different from the rest of the other units. Most of the penthouses are located on the top floor and as a result you do not have to worry about your neighbours upstairs stomping down and ruining your quiet time. You can have all the peace and quiet along with privacy. Another advantage here is that most penthouses are on top floors, meaning that you will wake up every morning to spectacular views of your city’s skyline. Most penthouses also come with their own private terrace, meaning that you can have your own outdoor time without risking your privacy. Finally when it comes to an investment point of view, penthouses have a higher resale value. The reason behind this is the fact that penthouses aren’t as plentiful as regular condos or apartments. With the right real estate market and help from real estate agents your investment can fetch a major resale value.