The interest and popularity of Loft Condos has quite increase over the several past decades. Increased number of buyers are looking to lofts as an alternative to the conventional condo unit.
The construction of Lofts are inside structures that were not for residential living purposes in the past. From warehouse and factories, lofts were literally transformed into residential spaces, therefore lacking interior walls and high ceilings. This however, does not stop many buyers to turn to lofts as a replacement to the regular condo unit. Here are few tips to consider when buying lofts in Arlington, Virginia.
It’s a good idea to hire a knowledgeable real estate agent that can help you in finding your needs. Hire someone that will take time in discussing with you the whole process, and is well experienced in the buying and selling of lofts in the market. Study each locations carefully. You should always ask your agent what company or developer has created the lofts you will be visiting, as not all buildings were built by the same company. Check all the areas, and judge if they are well made. The common areas in the building are owned by the general loft owners, and so will you if you choose to buy a loft. It can be that the common areas were not maintain, and thus left in poor conditions. Check also how many residents there are in the building.
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It is most likely that you will become a member of the homeowner association once you reside in the building. Commonly, the responsibility of the association is to gather fees for maintenance and insurances. Different buildings have different dues, depending on what is being covered. You should inform about what is being included in the dues. Try to discover if there are raises in the dues that took place over the years. The rules, conditions, and restrictions is also managed by the homeowner association. Conditions like owning pets, or making renovations will vary among the buildings.
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Consider also to check how the building is insulated. It will affect how much it will cost you in heating or cooling your loft. Inquire what type of insulation was used in-between the floors, if it can diminish sound. It is not beneficial on your part if you constantly hear noises from your neighbors above when you try to relax.
True enough, living in Lofts may present difficulties, however it attracts a lot of buyers, especially the ones who want a sense of community, convenience, and safe living, as there is also less expenses on exterior maintenance.
If you wish to stay near the city, it might be in your best interest to opt for these beautiful and attractive residences, as it is the best substitute for expensive condo units. Gather all information that you need before you decide to purchase a loft, and it is always good to do a research about it.