The primary differentiating factor between a condo and a loft is their ownership. While condominiums refer to the ownership of a unit, lofts basically refer to the features of a unit rather. Thus, a loft could either be a condo or an apartment, depending on ownership. If you have already finalized your new living space needs, search here for the best available options.
Condo Vs. Loft
A condo is a residential unit where you would need to share a few common areas with other condo owners within the larger condominium building. On the contrary, owning a loft would give you the ownership of a large open space that you have to decorate and maintain all by yourself. Condo maintenance is taken care of by the homeowners’ association (HOA) through a monthly fee that owners pay. But loft owners have to maintain their property independently, which could be less expensive if done right.
Advantages Of A Condo
Great Security
Gated condominium buildings provide the highest level of security for all individual condo owners. Continuous surveillance and security alarm systems are common within most condo communities. Condo security is the responsibility of the HOA, and they might even engage security guards at all exit points to ensure the same. Moreover, neighbors will always have an eye on any unwanted visitors during your absence. Families feel safer within condo communities.
Improved Sense Of Community
Homeowners who like to be social could be perfect condo owners. Condo buildings generally have common spaces like rooftops or patios that are great for community get-togethers. Moreover, such communities organize periodic fun events for all the residents. These are meant to know your neighbors and help your kids socialize with others of their age. Greeting your neighbor in the common hallway or the lift should be a nice feeling.
Prime Locations
condos are majorly located in close proximity to entertainment and commercial places of interest. Your favorite movie screen or restaurant, or bar could be at a fairly close walking distance from your condo. Since the locations are prime, you might have to shell out more money to buy a condo, though. Superior accessibility and savings on transportation might justify this additional cost.
Covered Maintenance
The HOA is responsible for the maintenance of its condo community. It is covered within the fee that you would have already paid to them. Maintaining your living space is your only concern as a condo owner. HOA maintains all the common areas, including the lawns, swimming pools, lifts, and the hallway.
Superlative Facilities
Access to top-notch common facilities is a part of your lease or ownership contract for a condo. They usually provide swimming pools, bars, and gardens for all residents. Some even offer tennis courts and spas to their condo owners. And the best part is that all these facilities are fully maintained by the HOA. You just have to pay them a monthly fee in accordance.
Advantages Of A Loft
Comfortably Spacious
Lofts provide ample space to their owners within the walls and the high ceilings. These ceilings could be as high as 12’ to 15’, which means better air circulation. If you are done with congested living spaces, a loft might be your perfect choice for a home.
Room For Customization
More unrestricted space within a loft could be right for customized decorations. High ceilings allow enough wall decorations that you might plan for. Changing partitions could give you those perfect room arrangements inside.
Adequate Natural Light
Large floor-to-ceiling windows and high ceilings allow ample amounts of natural light into lofts. With sufficient sunlight coming in, your daily lodging could be much more bright and freshening.
Highly Stylish
Exposed fixtures and interior brickwork give that rustic look to a loft which many prefer. Metal stairs and hardwood flooring in some could make these lofts even more stylish for their owners. Combine these with your customized decorations, and you could have the most trendy loft in town.
Space Flexibility
Unlike constraining walls in apartments, a loft provides large and open indoor space for living. You can customize the entire inside with suitable flex partitions, curtains, and furniture sets as you like. This kind of flexibility is preferred by creative and artistic loft owners in particular.
What’s Right For You
It is always comfortable to have choices for your living space. If you love open space and designing your own thing, lofts could be your best pick. However, you have to maintain everything around on your own too. On the other hand, if you love social life and want to be in the middle of the city buzz, you might just be a condo person. You will also get access to so many amenities, which you needn’t maintain by yourself either.
