Deciding Between a Phoenix Condo, Loft or Townhome
If you are looking for a place that has a little something to offer for everyone, you are sure to find it in Phoenix.
There are so many opportunities for entertainment, recreation, relaxation, dining, shopping and culture in Phoenix. The city is a vibrant urban center that is bustling with excitement, opportunity and a highly desirable modern lifestyle. Besides the unbeatable weather that is characterized by more than 300 days of sunshine annually, local residents indulge in a wealth of opportunities in this quickly growing and developing city.
Searching for Real Estate in Phoenix
If you are interested in looking for a home in Phoenix you are sure to be pleasantly surprised by the wide range of options available to you.
Charming homes are wonderful options for those seeking to live a quiet and suburban lifestyle. For those who are interested in the exciting mix of architecture and amenities that Phoenix is known for, there are luxurious condos, lofts and townhomes to choose from, which will make life in Phoenix a truly enjoyable experience.
How do you decide between a Phoenix condo, loft or townhome?
Our experts at Phoenix Urban Spaces are here to offer some guidelines and tips to help you narrow down your options so you can pick the perfect home to fit your needs and lifestyle.
How to Choose: Condo, Loft or Townhome?
1) Understand the Difference Between Condos, Lofts & Townhomes
What exactly is the difference between a condominium, a loft and a townhome?
Let’s find out:
Condos – When a buyer purchases a condominium, he or she owns the space within the unit. The rest of the common parts of the property such as the building structure, the land and the amenities are owned by the landlord(s). Condominiums usually belong to condo associations (similar to a homeowners association) that help manage the property and collect fees from residents to assist with the financial maintenance of the property. Condos are usually one story and they don’t have an attached garage or patio. Some condos may even be stacked one on top of the other and may appear as apartments.
Lofts – A loft is generally a large and spacious property located on top of a commercial or industrial space directly beneath the roof. Loft living originated in Paris where artists combined their studios with their apartments. Recently, loft living has been characterized by modern apartment-like units with open floor plans, huge windows and beautiful views in an urban setting – such as Downtown Phoenix.
Townhomes – A home buyer who purchases a townhome owns the individual unit as well as the ground beneath the structure. Similar to condominium owners, townhome residents will also belong to a homeowner’s association that maintains and manages the property. A townhome usually shares a wall with neighboring buildings and the property comes equipped with typical single-family home amenities such as a small backyard and an attached garage.
2) What are you Looking for?
Now that you know the difference between the various property types, it is time to decide what exactly you are looking for in your home. Certain characteristics such as style, size and amenities are the most common deciding factors for all homebuyers. At this point in your real estate ventures it’s important to create a needs vs. wants list to help you distinguish between what you need in your home versus the upgrades and add-on amenities that are not always necessary. Some things to include in your list are:
- How much space you need, how many bedrooms and bathrooms and whether you prefer a one story, two story or three story property.
- Decide whether you need a backyard, a patio or some kind of outdoor area.
- Pick a neighborhood or community that is appealing to you, convenient for work, shopping, dining, entertainment and other important places.
- Take a look into the future – do you need to be near a school? Do you plan on hosting big events?
- Do you need a pet friendly property? Do your research, some condos, lofts and townhomes have very specific restrictions and pet policies.
- What kind of amenities are you looking for? Many Phoenix condos, lofts and townhome developments can function as luxury hotels with full concierge service, security, gym, pool and more.
- Educate yourself about condo associations and the monthly fees required by these associations.
3) Hire a Professional Realtor to Help you Find the Perfect Property
Once you’ve done your homework and decided on what type of home or property you are looking for make sure to hire a professional, licensed and experienced real estate agent to assist you with your search.
Roberta Candelaria is literally known as “The Condo Lady” and she can help you find the finest condos, lofts and townhomes to fit your desired lifestyle in Phoenix.
If you have any questions about condos, lofts or townhomes in Phoenix contact the team at Phoenix Urban Spaces for assistance.
We look forward to hearing from you and helping you with all of your current and future real estate endeavors.
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