When the time comes to purchase a property, one cannot hesitate to consider the lifestyle the person is used to living. Not everyone is meant to live in the suburbs in a single-family home that comes with a lot of responsibilities, and time-consuming ones at that. Therefore, such individuals might find it beneficial in choosing between condos and lofts as opposed to single-family homes.

Of course, before a decision is made, the individual potential buyer must understand that there are differences between these. For one, a condo is actually an apartment that is owned by an individual, in a building that shares common areas, like hallways, stairwells, elevators, etc.

This form of ownership is exactly what defines a condo and there are always conditions, rules and regulations that govern the conduct of all owners. The interiors look much like apartments or homes, for that matter constructed with higher standard building materials than those used in rental apartments and of course, because the units are individually owned, the owner can make changes to their unit as they wish.

A loft is an apartment without walls dividing it as in other homes. Originally, they could have been large office spaces or industrial spaces which were converted to allow for residential use. The term is also used to refer to an an attic space that was converted for residential use.

Although many were light industrial spaces converted by builders, many are constructing new buildings with loft-style apartments because of their appeal and popularity among people of all ages. Originally, it was artists that were drawn to them, but people have really shown a lot of interest in this form of layout because it has no boundaries and people can decorate according to their own needs and desires. Of course, loft apartments can be rented out but also be sold as condominiums.

Basically, ownership of either is much the same, with the only real differences being the location of the building and the style of the individual units, as above. The important thing is to understand that loft living can provide limitless design opportunities when comparing the two.

However, loft living can be a difficult transition for those who are accustomed to \”organized\” design where walls create boundaries and distinguish the different rooms, as with condos. Additionally, lofts often have exposed plumbing and supports that are exposed whereas they are hidden in conventional residential homes and apartments.

As for the location of the buildings, condos are usually new developments in different areas of a city, and real lofts are found in certain locations, like the art district. Whatever the case, both styles are and will continue to be sought after by people who prefer apartment living and the freedom that it brings from reduced maintenance and other exterior responsibilities that are a staple of single-family dwellings. Before making any decisions, ensure that your lifestyle is respected. In addition to that, take the time to view units online and visit them to get a real feel so that there are no unpleasant surprises.

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Category: Real Estate
Keywords: business, finance, real estate, home, house, condos, lofts, industry, family, investment, apartments