Lofts

[pak-one]

@PyariCgudia

Lofts are fairly fashionable these days, so I don’t think you’re late for the movement. They really only are suitable if you’re single. Even if you’re just married, you’re going to have guests over, family over, and it can get annoying to not have privacy.

The space is indeed awesome.

They’re going cheap now because they’re the least practical option for most people. And there are entire loft buildings that are in deep financial trouble, so if you see cheap lofts being sold, be very careful. Investigate the building and see if they’re in any trouble if you’re planning on buying.

I definitely agree. Now that I am into them, I see just about every urban comedy/romance movie featuring lofts. As for the privacy issue, I can see that but some of the lofts have separate, enclosed sleeping areas, where I am guessing that some level of privacy can be maintained.

If I were to buy, I would probably ask my real estate friend for assistance, he’s pretty sharp. Already mentioned things like buying in a mostly owner occupied building, projects that are being built by quality builders/developers, and trying to get some good deals on tax abatements etc.

The only negative I see is the locations. Most of the lofts in my area are in old industrial sections of cities, not exactly in the downtown, near work. Safety is somewhat of a concern especially since these areas are pretty desolate.

I’m considering a summer rental option where I can live in one for a few months, see the good and the bad and then make a decision to buy. Many of the owners/developers are pretty desperate, so can come up with a tailor made living arrangement.