If you're in the market to buy real estate you have plenty of options to chose from and the end result will depend greatly on your needs and wants as real estate owner. Whether you are in the market for condos and lofts or single-detached properties, you need to focus your house hunting search on what you want.

A lot of interested home buyers looking into loft units and condo units don't see much of a difference between the two and that's led to many potential home buyers making a tough decision when it comes to determining where they'll be living in the not-so-distant future.

The thing that makes answering the question of condo or loft hard is that they are both very similar in terms of structure and living arrangements. Both entitle owners to their living space, as well as co-owing common areas such as lobbies, security entry systems, garages, pools, outdoor patios, etc. Also, both condo and loft owners must abide by the rules set out and governed by the condo or loft board that sets up what they can and cannot do to their condo or loft units.

Ask any real estate agent about what the major difference between lofts and condos is and they'll tell you that it all comes down to style preference. Do you prefer large ceilings, modern finishes, and wide open spaces? Then you might want to focus your attention on searching the local loft market. However, if you're more into newly built properties that resemble single-family homes with room divisions, a major emphasis on traditionally designed kitchens and offer more amenities such as indoor gyms and pools then the condo lifestyle is the way to go. However, if you want to purchase a condo over a loft because of the extra amenities they offer then you better be ready to fork over the extra costs in terms of condo fees that come with having such perks.

In the end purchasing a residential property is going to come down to a matter of style and what you're looking for in a home. Either a condo or loft will appeal to you more than the other and it's almost like choosing between two pieces of art prints you're in love with; you can't go wrong with either choice.

Doug Thompson is Texas Hill Country Real Estate

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