Once preferred by creatives and artists, lofts are now an urban living trend for anyone who wants flexibility. Simply put, lofts are the cool kids of the real estate domain. Lofts are an ideal alternative to traditional apartments. They’re usually spaces created out of industrial buildings. Generally, they have high ceilings, visible ductwork, and lack interior walls. Most people are attracted to a loft apartment because of the open floor plan. Even though open floors are ideal for some, other people still prefer the conventional room separation. If you’re shopping for a loft, there are details you need to pay attention to. Here are several tips to understand when shopping for your perfect space.
1. Work with a Competent Realtor
Getting an ideal space starts by working with the right person. Buying a loft is different from renting an apartment. How? This is what you need to understand: this is a home purchase. To ensure you’re getting the best value for your money, Amanda Brown Real Estate suggests getting a realtor who’s familiar with lofts in your local area. This way, the realtor can educate you on your options and what works best for you.
2. Check the Neighborhood
Sometimes, the neighborhood surrounding a loft might not be ready for residential developments. Fortunately, converting old buildings in run-down neighborhoods into ideal living spaces means increased social amenities. This is because developers want to attract urban professionals to the area. Also, even if a neighborhood upgrade is underway, it could take years before it’s finalized. The building may also be far away from key locations like social amenities. All these are factors you need to consider when getting your new space.
3. Consider Transportation Costs
Will you be commuting to your job? How long will the commute be? Will you be required to pay for monthly parking? If so, is the fee pocket-friendly? Will rush hour affect your commute time? Can you bike to your workplace or take the free streetcar? Before settling in your loft, know what’s involved in your daily commute. Understand which areas you need to adjust and make arrangements.
4. Energy Needs
Some lofts may lack energy efficiency. Brick walls, concrete floors, and large windows can let in too much cold or heat. This occurs if the loft is poorly designed. Evaluate what energy-saving features have been installed in the loft. You want to check for heating and cooling systems to ascertain they’re strategically installed. You can ask about the average bills for cooling and heating as well.
5. Ask about the HOA’s Regulations and Rules
Lofts are governed by an HOA (Homeowners Association). These associations have specific rules for people who reside there. The rules cover common issues like quiet hours, visitor parking, and storage. Ask your realtor to provide you with a copy of the rules. The last thing you want is quarreling with neighbors.
Lofts are an ideal living space for everyone. If you have the budget and want an area where you want flexibility, a loft can be your dream home. Remember: working with a realtor is your best bet in finding the perfect loft space. This is important for someone moving to a new area and doesn’t know the land’s layout. Over to you!