Having recently just traveled to the New England area of the country, and seeing different places, I noticed a lot of real estate “For Sale” and “For Lease” / “For Let” signs on places that advertised their spaces as condos, lofts or flats. So I began to wonder, what’s really the difference or is it just verbiage.
The building I live, is considered the Liberty Condos, but I always refer to place as a “loft”. So I thought I better do a little research on this matter. Here’s what I found:
Lofts:
- Are generally one large area as opposed to rooms
- Lofts usually have a 2nd level partially exposed to the 1st level
- Traditionally, lofts are above a commercial or an industrial space
- Loft living originated in Paris, and was usually owned by artists as a combination residence and studio. Over the past 100 years, however, loft living has evolved and is defined as any apartment-like units with open floor plans, huge windows, and exposed fixtures, in an urban setting
- Typically a loft is a conversion from what was once a industrial of office space
- Lofts are usually found in the downtown cores
- Most lofts are two floors, have high ceilings, and offer amazing views of the city
- Loft has an edgier sound to it
Condos:
- A condominium buyer owns the space within his or her individual unit; the common parts of the property, such as the land, building structure, etc., are owned jointly by the unit owners. Each of the condo owners within a property belongs to an owners’ association which manages the complex and collects monthly association fees in order to maintain the common areas. Because unit owners do not own the land beneath their unit, condominium units are often stacked on top of each other.
So during this research i also came across another term, “Loft-Style”. The difference is that lofts do not have any rooms, except bathrooms, while the loft style condos have rooms but still offer open floor plan, high ceiling and big windows.
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Posted under
Living Downtown
Tags:
Condos |
Liberty Condos |
Lofts