Difference between luxury loft and condo?

Question

What is the difference between a luxury loft and a luxury condo?

Which is better?

Answer 1

Typically a loft is a conversion from what was once a industrial of office space. A condo can vary from being similar to a single family home too a building which was formerly an apartment. Best really depends on the city and the local real estate market. Good Lofts tend to be pricing in very trendy neighborhoods, but the same could be said about a good condo. I would suggest you do research on the local market and look for growth areas within the city you live. Try to be in the first stage of a redevelopment, taxes tend to be low and prices are more affordable.

Good Luck