Are you looking for a new home? But you are confused between
Lofts, Apartments and Condos. If yes, you are at the right place to read the
basic difference and make your decision. You might not know which is
comfortable for you and of course the cheapest one also. Let’s take a look the
basic difference between all of them and reach to your decision.
There is a little difference between lofts, apartments and
Condos and these differences are well known by brokers, architects and
contractors. The basic differences depend upon the space and design. If we take
the difference between apartments and Condos, the only difference between two
is proprietorship. But before proceeding further, we must know what these are to
understand more.
What are condos,
Apartments and Lofts?
- Condos are the individual unit of a building owned by a single family and all the facilities provided in the society must be shared with all the units are called as Condos.
- Apartments or flats are a single level home without a stair.
- A loft is an open and a large space where you can work and live also.
What are the basic
differences between Condos, Apartments and Lofts?
Difference
in Ownership:-
In Condos, you have full ownership in which
you can modify (interior design and the exterior) according to your need and
choice, but in apartments, it is owned by a developer and you must have to
respect the rules of developers. Moreover, Lofts are a warehouse or called a living
area specially designed for artist and they are the spaces of urban areas.
Sharing
of Availability of specifications:
In Condos, you have to share the basic
facilities available in the township such as swimming pool, parks, parking must
be shared with other condo owners. But this is not the case for apartments. But
the lofts are a single wide unit and have a facility same as available in
commercial regions.
Layout:
Layouts of Both apartments and Condos are
flexible as some are in great shape and some are of small size include Kitchen,
living room, dining room and bedrooms. But Lofts are open, flexible layout or
large open area which can be converted into both a living and working space.
Better
Option:
Rent or stay, both options are better for
an apartment where as condo rentals are not suitable, it is good for those who
are looking for permanent staying. Moreover, the lofts are best for rent as it
is suitable for working space like artists, hippies because of its wide and
open space.
Advantage
of living in a Condo, Apartments and Lofts:
The best advantage of living in a Condo is
that you have full ownership and you can make changes according to your own way
or style. The best advantage of living in Apartment is
you have not to share the specifications and other facilities with other homeowners.
While the advantage of lofts are spacious, large and you can easily convert it
into your home by arranging the room according to your taste.