Five Top Reasons to Buy a Loft Vs a Traditional Condominium

Many urban dwellers are turning to lofts instead of condos. There are some differences between the two, however. Urban living and loft purchasers are on the rise, if only for the exquisite opportunity a loft may have compared to a condo. Owners of either a loft or a condo hold the title to their unit or space and co-own along with the rest of the loft or condo community, the lobbies, garages, security system, swimming pools and other amenities. Here are the five top reasons to buy a loft:

1. Style - Lofts for sale tend to have soaring ceilings and wide open spaces. Lofts also have lots of style and more modern finishes than a condo. Floors are often hardwood and the sense of your own original space is achieved through the purchase of a loft. You will find more stainless steel and sharp modern designs in a loft.

2. Location - Most lofts for sale are in urban areas where a developer may buy an old warehouse and turn it into loft units. These old warehouses are usually well within all the amenities any urban city or town would have to offer and are nearby or within walking distance. Many lofts for sale are also designed and built from the ground up through developers and large city and town's revitalization programs.

3. Live and Work - While condos may only offer a home unit for residential use, lofts may permit a live and work space and some lofts for sale can be found in areas zoned specifically for this purpose. Many professionals who work at home find the large loft space ideal for the separation between living areas and work areas.

4. Appreciation - In some markets, realtors have found that lofts are appreciating at twice the rate of a traditional single-family home. This alone can add value to your loft space when you sell it.

5. Loft Conversions - Many loft builders who convert buildings into loft spaces, also invite commercial businesses such as drycleaners and small grocers to abide in the buildings. These types of loft conversions make it easier to never leave your loft building area when you seek consumer items-especially since they are close at hand.

Loft living is different than condo living. While both are usually run by an association where you must pay a monthly fee and abide by the association rules, lofts tend to be quieter due to their size and do not have as many common walls as condos do. For example, a loft may be an entire floor where condos may have two to four on one floor sharing a lot of common wall space.

Major developers are being encouraged and supported by large city and town governments to covert old spaces for loft living. Not only are developers reaping the benefits of building these loft units, the owners of the lofts are happy with the security, parking, live and work opportunities, and the proximity of all the conveniences you can expect with a loft.

If you live in an urban area and are interested in purchasing a loft, ask your Realtor for more details on lofts for sale, the amenities and how loft living works.

http://www.CondosMinneapolis.net explains condos and loft living in more detail. John Mazzara is involved with financial services in the Twin Cities, MN. Officing out of Edina, Minnesota-John is centrally located within the 7 county MN metropolitan area. John owns three separate businesses-a licensed real estate broker associate selling Minnesota real estate since 1986-affiliated with RE/MAX Associates Plus http://www.MinneapolisStPaulHomes.com , an independent CFP-certified financial planner since 1989 with an independent Minnesota financial planning firm-Financial Planning Associates and the owner of a Minnesota mortgage broker firm-Venture Development Inc-specializing in residential, commercial and investment mortgages for purchases of single family homes, investment properties and commercial property. Venture brokers FHA, VA, Conventional loans and lines of credit. If you are looking for someone to help you in the areas of real estate sales/purchase, mortgages, or and/or financial planning and insurance you should call John for a free 1 hour consultation to see if he can meet your needs. 952-929-2577. RE/MAX Associates Plus and Venture Development are located at 7300 France Ave S, Suite 410, Edina, MN 55435

John Mazzara - EzineArticles Expert Author

Find more: property, residential, condo living

Read more!

Tricks of the trade

Recreate the luxury look of top hotels in your home.

In Melbourne's luxury Crown Towers Hotel the ceilings of the suites glow.

It's an effect the designer of the spaces, Jeff Copolov, compares with stepping into a luxury car. "The lights go on when you first get in and then go down," he says. "It makes everything feel floaty and ethereal."

With guests now well-acquainted with 500-thread-count sheets, hotels are increasingly turning to clever and original interior design to set themselves apart as outposts of luxury. By following their lead and focusing on quirkiness, convenience and the smart use of light and space, you can approach a similar feeling of opulence at home.

Chris Beckingham, the architect behind the glamorous Qualia resort at Hamilton Island, says things have moved on in the hotel world since the 1980s when luxury was about using opulent materials. "Nowadays it's got to have a feeling of peacefulness," he says.

Truly luxurious hotels appreciate luxury is more than the sum of its parts. Sometimes it comes down to the intangible.

Take the case of Sydney's hot hotel Ivy. Paul Hecker, who designed the cool interiors, says some aspects of luxury are immediately obvious, such as bedrooms stacked with continental pillows and bathrooms with "his" and "hers" basins. "But there are important things you don't pick up on," he says. "All the senses need to be attacked. It needs to smell good, look good and sound good. When you design a hotel, these are the things you talk about."

Indeed, Hecker recently told a Sydney hotel to change its cleaning products as the aroma was sabotaging the luxury experience.

Copolov is a director of Bates Smart, which designed Crown Towers a decade ago and recently revamped the suites to meet the needs of modern high rollers. He concurs that along with light and sound, smell is a vital part of the luxury experience. "People are thinking more and more about what's the first thing you smell when you walk into a space," he says. "We do a lot of luxury spas and it's a very large part of that."

Copolov says another example is Neil Perry's new restaurant, Spice Temple, which Bates Smart designed. Perry was insistent on having incense burning in the toilets, to continue the exotic experience.

For Copolov, filling the senses is part of the broader experience of modern luxury. He describes a successful room as one where "intuitively and instinctively, your shoulders should drop and you should take a deep breath and relax."

Achieving this isn't always easy. Carolyn Varney, of Melbourne's Varney Design Inc, says space and simplicity are two of the keys. Her company designs major public buildings in Dubai, including the Fairmont Hotel's penthouses, where the average apartment is 500square metres. (One of the larger penthouses has seven bedrooms, each with ensuites.)

"As residential land becomes harder to come by, most people will end up living in smaller spaces," she says. "Therefore any dwelling that offers larger spaces or a sense of larger space will in itself be luxurious."

Copolov says sometimes the feeling of space can be something of an illusion. In Crown Towers in Melbourne the decade-old rooms are regarded as small by 21st-century notions. In the recent revamping, one of the biggest challenges was creating the illusion of space.

The clever cheats he and his team devised are a great source of inspiration for small homes, especially those with bathrooms not quite up to day-spa size. "What used to be a solid, single door into the bathroom, we changed for a pair of glass doors," Copolov says. "You have a greater sense of space, because you borrow the space beyond. And when you stare into the vanity, carefully placed mirrors reflect back through the glass door to a mirror on the far wall."

Inside the bathrooms, Copolov has also made the room appear bigger by reducing the once fashionable floor-to-ceiling shower screen to a small modesty screen at "shoulder height, so you can look out and even look beyond the bathroom".

"I like the notion that you're not in a fully enclosed room," he says. "By opening the bathroom up you're able to have a visual connection but you don't have to have the bath in the bedroom if you don't want it."

It's a sentiment shared by Hecker, whose firm Hecker Phelan Guthrie designed the interiors of Shanghai's exclusive Jia and is regularly pressed into service on luxury homes.

"To me, the sexy parts of the bathroom should be on show while the other parts are hidden away," he says. His latest definition of luxury is "his" and "hers" toilets. "I don't believe that you should share smells and noises," he says. "In large-scale residential houses now we're looking at things like that and they are hotel-inspired."

Like Copolov, Hecker believes even small spaces can be made to feel as luxurious as their large counterparts. "Everybody says, 'I'd really like my bedroom to feel like a hotel room,' and what they are basically saying is that there's lots of aspects of the way hotel rooms are laid out that are really fantastic," he says.

"Luxury means having all the services close at hand and being able to do everything from the bed; being able to operate all the lights in the room from the bed, the remote control blinds, the TV. It is about convenience; an ironing board in the bedroom, having a mini bar, having the ability to not leave the bedroom, so the bedroom becomes a true retreat that people can utilise."

And these qualities aren't reliant on space. "A lot of us live in smaller spaces that can still be luxurious," he says. "It's about the quality mattress, beautiful underlay, really comfortable pillows; the best bed and the best linen. How often do people spend the night in a hotel and say 'I had the best sleep!"'

Hecker says when designing a bedroom the rule is to focus on the things that are most important. Start with the bed and work your way out. If it's convenience you're after, then consider little things, like Crown's iPod docking stations in every room.

It's almost an afterthought that designers discuss furnishings in these uber-luxury spaces. With the emphasis on serenity, furnishings are pared back, often to allow the experience of the view or the space itself to take centre stage.

But there's one thing all the designers agree on. "Being unique has a certain cachet," says Hecker, who is renowned for adding quirky bespoke fixtures, be it the hand-woven wicker light shades in his first big project, Melbourne's Prince Hotel, or the quirky metallic door handles in the recent Hong Kong luxury hotel Jia. "I think one of the important things with luxury is the sense of bespoke and the special," he says.

Copolov agrees. "In the '70s and '80s hotels became relatively cliched ... regardless of what country you were in," he says. "I think that had a lot to do with the trepidation travellers had in strange lands."

He says a lot of the big hotel groups have design manuals and these were once giant, prescriptive tomes. Increasingly these days, apart from some technical aspects, designers are being given a more or less free hand.

"Now the trend is towards introducing handcrafted and bespoke," he says. "The same is happening with residential design: less of the pressed and more of the unique. It's a personalised experience. In general, it's an appreciation for all the senses."

Home trends from luxury hotels

What was once considered hotel-level luxury has a habit of filtering its way down into our homes. We are exposed to features while on holiday or away on business and want to have the same experience in our domestic environment. Consider these now commonplace features, once the epitome of luxury:

  • Double sinks in bathrooms.
  • Marble bathrooms.
  • Freestanding baths.
  • Wall-sconces above the bed, instead of bedside lamps.
  • Oversized headboards in bedrooms.
  • Plasma TVs mounted into bed ends.
  • Continental pillows.
  • Sheer curtains.

What next?

Want to stay ahead of the trend? These features are currently cutting-edge hotel luxury. Adopt them in your home for a luxe feel.

  • Greater convenience around the bed. This includes arm's length access to minibar, iced water, even fresh espresso.
  • Less glitz, more subtle quality such as natural stones and wood.
  • "His" and "hers" toilets.
  • A sense of light and large, open spaces.
  • Lighting that makes spaces glow from hidden recesses and that you can adapt to your mood.
  • iPod docking stations in every room.
  • Fragrant smells as part of the lure experience.
  • No more layers of extraneous pillows and throws, just streamlined comfort.
www.domain.com.au

Read more!
Vote forStop Dreaming Start Action