Lofts for Sale: The Guide to Buying New Condos Downtown
The popularity of downtown lofts is through the roof! Sorry...we couldn't help ourselves.
This unique style of apartment dwelling is loved for its innately cool look. Lofts manage to be classic and laid-back, as well as chic and sophisticated at the same time.
Our guide to buying new condos downtown will help you make sense of the lofts for sale in your area.
And ultimately score the new home of your dreams.
What is a Loft?
The term loft gets thrown around a lot, but what does it actually mean?
Loft apartments are generally characterized by high ceilings and a single large, open space. Lacking internal walls, a loft packs the kitchen, living area, and sleeping area into a single spacious room.
The bathroom is still separated from the rest of the apartment.
Many lofts are located in converted warehouses and other commercial buildings. This gives them an industrial flair.
Exposed piping, concrete floors, floor-to-ceiling windows, and support beams are common in loft apartments.
According to Urban Edge, most lofts for sale can be separated into two distinct categories.
“Hard lofts” are those that originally had a different (usually industrial or commercial) use before they were converted to residential units.
“Soft lofts” are those that were created specifically with residential use in mind, utilizing many of the same aesthetic characteristics of hard lofts.
Benefits of a Loft
Lofts are popular for a reason. And that reason is that there are a lot of benefits to owning one of these unique downtown condo units.
Chief among the benefits of owning a loft is the aesthetic appeal.
The high ceilings, immense amount of natural light, and industrial details give these units a look that is completely their own.
Then there is the openness of the layout. Even small lofts give you plenty of room for flexibility when it comes to interior decorating and design.
Many lofts for sale are located in downtown areas. The central location of such units is a benefit in and of itself.
Street Directory lists the top benefits of living downtown as convenience, a shorter commute, and the ultimate in nightlife/entertainment access.
Buying a Loft
Searching for a loft condo starts by sorting through the various lofts for sale.
You’ll immediately notice the market is saturated with them. There are lofts available for all preferences and budgets.
They are also typically available in all neighborhoods.
One of the most important factors to keep in mind is location.
Lofts for sale are often located in industrial parts of town. Many of these haven’t yet been gentrified like other neighborhoods in your city.
You must be comfortable living in one of these more marginal areas before making a final decision.
Remember that most lofts sold as condos are governed by a condo association. Be sure to review the associated rules, regulations, and fees to make sure they sit well with you.
For instance, some condo associations don’t allow pets in their buildings even though you own the specific condo unit.
Finally, if it’s a real loft you want, it’s also essential to understand the difference between a hard loft and a soft loft.
You’ll want to avoid soft lofts as these units are built specifically for residential use in newer buildings.
For more on buying a condo, check out our free comprehensive guide here.
Downtown lofts are among the most popular condo units right now.
They offer a unique, industrial vibe with high ceilings and great natural light.
Many of them also come with original cement or wood flooring, brick walls, and other stylish industrial features.
When looking into buying a loft, keep the information discussed above in mind.
It will help you sort through the myriad of lofts for sale and help you settle on the perfect downtown condo.