1407 Lofts (2024)

FAQs

Are lofts a good investment? ›

Lofts sometimes appreciate more than single-family homes; owners can profit by renting out their units. The spacious floor plans and central locations often command generous rental prices that provide reliable passive income.

Apartments also come with walled-off bedrooms, while lofts are typically large open spaces that function as extra-large “studio” style apartments. The open-concept style of lofts makes them more of a “blank canvas” to design, but because lofts are so unique and in demand, they also come with a higher price tag.

If you are not sure how strong your loft joists are, and as long as they are approximately at least 2″ by 3″ in size and made of good quality timber, then we don't recommend exceeding the 25kg of stored possessions per square metre figure.

The word originates from Old Norse lopt, loft which also could mean air or being elevated (as in the related word løfte, English "to lift"). In older Scandinavian usage, loft referred to a two-storey unheated building used for storage and bedroom, in contrast to dwelling buildings that were one-storey with a fireplace.

Choosing between a loft and a condo boils down to your personal preferences and lifestyle needs. Lofts are fantastic for those who crave space, character, and a bit of edge. Condos, however, offer convenience, modern amenities, and a more structured living environment.

Increases property value: Adding a loft conversion can increase the value of your home by 20% typically. This provides a good return on investment if you ever sell. Makes better use of wasted space: Most lofts are just used for storage. Converting it allows you to get more practical use out of the space.

The main noise concerns in lofts come from their construction. Lofts are wide-open areas, often with high ceilings. This means that sounds can easily reverberate around the room, leading to louder noises and more disturbances. Noises from outside can enter and build up, swirling and echoing around the room.

Lofts with no ventilation don't allow heat to escape, making not just the loft very hot, but raising the temperature for the rest of the house too.

Lofts feature large, open spaces instead of divided rooms, allowing for flexible configurations. They typically have no or very few walls, creating a spacious living area.

What makes a condo a loft? ›

A loft isn't defined by ownership type. Instead the classification refers to a flexible, open-concept style of home with high ceilings, large windows and more minimal room divisions.

For the loft to be classed as a bedroom, it is necessary to have a relevant building control completion certificate proving the conversion conforms with the regulations making the room fit for use as a bedroom.

Loft also has an online real-estate marketplace, where people list their homes and Loft facilitates the sale, making a brokerage commission. In addition, the company makes money by originating mortgages and selling other related services.

Space. One of the biggest benefits of many loft-style apartments is the maximization of space. While many standard apartment units are built fairly uniformly, lofts usually feature higher ceilings and more flexibility and openness in the overall space.

If you're looking for extra space for an additional bedroom or a light-filled living area, then a loft conversion is a great option. Not only does it create more space, but it also adds value to your home. Loft conversion costs sit somewhere between $15,000 and $60,000, depending on the loft conversion type.