Five Top Reasons to Buy a Loft Vs a Traditional Condominium

Many urban dwellers are turning to lofts instead ofbetween living areas and work areas.
condos. There are some differences between the4. Appreciation - In some markets, realtors have
two, however. Urban living and loft purchasers arefound that lofts are appreciating at twice the rate
on the rise, if only for the exquisite opportunity aof a traditional single-family home. This alone can
loft may have compared to a condo. Owners ofadd value to your loft space when you sell it.
either a loft or a condo hold the title to their unit5. Loft Conversions - Many loft builders who
or space and co-own along with the rest of theconvert buildings into loft spaces, also invite
loft or condo community, the lobbies, garages,commercial businesses such as drycleaners and
security system, swimming pools and othersmall grocers to abide in the buildings. These types
amenities. Here are the five top reasons to buy aof loft conversions make it easier to never leave
loft:your loft building area when you seek consumer
1. Style - Lofts for sale tend to have soaringitems-especially since they are close at hand.
ceilings and wide open spaces. Lofts also have lotsLoft living is different than condo living. While both
of style and more modern finishes than a condo.are usually run by an association where you must
Floors are often hardwood and the sense of yourpay a monthly fee and abide by the association
own original space is achieved through therules, lofts tend to be quieter due to their size
purchase of a loft. You will find more stainlessand do not have as many common walls as
steel and sharp modern designs in a loft.condos do. For example, a loft may be an entire
2. Location - Most lofts for sale are in urban areasfloor where condos may have two to four on
where a developer may buy an old warehouseone floor sharing a lot of common wall space.
and turn it into loft units. These old warehousesMajor developers are being encouraged and
are usually well within all the amenities any urbansupported by large city and town governments to
city or town would have to offer and are nearbycovert old spaces for loft living. Not only are
or within walking distance. Many lofts for sale aredevelopers reaping the benefits of building these
also designed and built from the ground uploft units, the owners of the lofts are happy with
through developers and large city and town'sthe security, parking, live and work opportunities,
revitalization programs.and the proximity of all the conveniences you can
3. Live and Work - While condos may only offer aexpect with a loft.
home unit for residential use, lofts may permit aIf you live in an urban area and are interested in
live and work space and some lofts for sale canpurchasing a loft, ask your Realtor for more
be found in areas zoned specifically for thisdetails on lofts for sale, the amenities and how
purpose. Many professionals who work at homeloft living works.
find the large loft space ideal for the separation