When it comes to buying a condo, lofts are a trendy alternative to traditional apartments. Lofts are usually created out of industrial buildings, warehouses and old factory buildings close to the city centre. They generally have high ceilings, exposed ductwork, brick and beams, concrete floors, large windows and no interior walls. Open concept living gives the home owner the opportunity to create an interior space that is tailor-made to their needs. All of these factors make lofts an appealing alternative for buyers who want a unique space close to the city’s urban centre.
Here is a list of questions you should consider when purchasing in a heritage converted building:
If you have a vehicle, does the loft come with parking? If not, where is the closest parkade and how much is it to rent per month? Often heritage buildings do not have underground parking lots.
What energy-saving features have been implemented in the loft? Is there a central heating and cooling system, radiant heated floors or double-paned windows?
Is there any outdoor space? If not, is there a common roof top deck?
What is the zoning for the building? Is it designated live/work and are there commercial units attached?
Were there different phases of construction? What kind of maintenance has the building undergone to date?