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Loft vs. apartment: what’s the difference?

You’re preparing for an exciting move to a new city—and, whether you’re finally escaping your hometown, you scored a swanky new job, or you simply want a change of pace and scenery, you’ll have to find a place to live before you start packing up moving boxes. Before moving cross country or across town, you’d have to consider your living arrangement.

When you search for a new home, you’ll likely encounter numerous housing options, including lofts and apartments. But what is a loft exactly, and how does it differ from an apartment? And, most importantly, which one is right for you?

In this guide, we’ll flesh out everything you need to know about the loft vs apartment debate. We’ll define both, explore similarities and differences, describe the benefits of each, and help you decide which type of home is right for you and your lifestyle. 

What is an apartment?

While definitions vary, the general population agrees that apartments:1

But, apartments are also typically rented. While a condominium is similar to an apartment in terms of size and proximity to similar units, condos are usually owned by homeowners rather than rented from a landlord or housing provider.2

Per the definition above, other home types can easily fall under the apartment umbrella, including:

Housing categories aren’t always cut-and-dried, and home types can overlap or fall under the same umbrella. One example is the loft. 

What is a loft?

A loft can be a type of apartment—it’s a space made up of one or more rooms within a building, complex, or plaza of similar units.3

But, housing experts generally agree that lofts feature specific architectural, design, or aesthetic elements that set them apart from other home types. Some of these include:

Lofts can, in some cases, fall under the condo umbrella—as long as you own it, and it’s not a freestanding home, you can call it a condo. 

And, like apartments, lofts can also be townhouses, studios, duplexes, triplexes, or quadruplexes. These definitions are somewhat fluid, and loft spaces can fall under multiple housing categories. 

For a visual example, let’s consult some pop culture references. New Girl’s primary set is the quintessential loft, but other loft-like sets include:

Key comparisons between lofts and apartments

Now that we’ve defined both types of homes—though there is some overlap—let’s describe some significant similarities and differences between lofts and apartments.

A loft is a type of apartment, so the two share many similarities, such as:

But, there are a few major differences between the two spaces, too—traditional lofts typically feature an open floor plan, multipurpose spaces, and unique aesthetic elements. Let’s explore these in more detail:

Common apartments

Common features countless apartment options in cities nationwide. Let’s explore some Common properties that epitomize the apartment feel:

But, Common apartments are so much more than sleek finishes, efficient lighting, and optimized layouts—they provide the traditional apartment feel of living in a big city, whether you opt for a micro-unit, a coliving space, or a studio apartment. 

Plus, all of our spaces give you access to the things you love about home—comfort, proximity to transit and nightlife, and a community of residents just like you. 

Common lofts

No matter your loft-style preference, Common also features numerous loft-style homes in numerous cities. If you’re looking for the multipurpose appeal, open floor plan, or more rustic finishes of a loft, check out the following homes:

Like our apartments, Common loft homes feature all of the benefits of the Common lifestyle—furnished space opportunities, community events and access, and central locations.

Loft advantages and apartment benefits

Both types of spaces offer advantages, so it can be challenging to choose which home style resonates most with you.

Some advantages of apartment life include:

If you’re on the fence about lofts, perhaps some of the following benefits will tempt you to explore loft home options:

Instead of picking from the two, another option is to go for a loft apartment. Loft apartments are more expensive, but they combine the best features of a loft and apartment.

Whether you pick a loft or apartment, you have to get your finances to pay for prorated rent, security deposit, etc. What is a security deposit? It is a sort of downpayment to the landlord to prove that you want to live in their rented property.

Common: Finding a home and a community

Choosing the perfect residential unit to live in a new city can be a daunting task—but, whether you opt for a chic apartment or a cozy loft, you can make any space a home. 

When you find a home in a Common community, you make it even easier to build a home base, even if you’re trying to settle in after a cross-country move. Our spaces feature countless amenities (like on-site laundry and, in some cases, fully-furnished units), proximity to public transit and local restaurants, and neighbors just like you—transplants to a new city, recent college grads, and people looking to build relationships in their communities.

Say goodbye to traditional renting, and say hello to accessible, stylish, and tight-knit communities you can easily call home.

 

Sources: 

  1. The Spruce. What Defines an Apartment?. https://www.thespruce.com/what-is-an-apartment-155733
  2. Rocket Mortgage. Condos: Everything You Need to Know. https://www.rocketmortgage.com/learn/what-is-a-condo 
  3. Apartment Therapy. What Makes a Loft a Loft?. https://www.apartmenttherapy.com/what-is-a-loft-36829833 
  4. Masterclass. Open Floor Plans Explained: Pros and Cons of Open Layouts. https://www.masterclass.com/articles/open-floor-plans-explained 

 

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