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Old 06-25-2017, 09:47 AM
 
2,721 posts, read 2,147,631 times
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Quote:
Originally Posted by NOLA101 View Post
But from a real estate perspective they are VERY different. Terraces don't count towards the zoning envelope, so they "cost" nothing in terms of the development rights.

And buyers want terraces, not balconies. Terraces are associated with high end living. Balconies, right or wrong, are associated with 1970s's commieblocks in Bratislava.
This is an insane talking point. Here's my balcony...I don't think it gives much of a communist feel, except for my Polish wife enjoying the day.

Balconies are nice (imo, essential) when living in an apartment because, unlike a house, you can't just step outside. It's often a process - even in nice (not billionaires apartments) apartments, common areas like roof tops are a poor substitution for your own personal outdoor space.

billionaires' row & balconies-img_0126.jpg
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Old 06-25-2017, 11:36 AM
 
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Balconies are usually ugly from the outside because people throw all their junk on them. The most prestigious buildings almost never have balconies. Miami can get away with it since it's almost a tropical city. Most high-end Manhattan buildings have common and private terraces. There are countless co-ops from the 60s through 80s with balconies though.
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Old 06-25-2017, 12:03 PM
 
Location: East of the Sun, West of the Moon
14,976 posts, read 16,555,590 times
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Where are they going to store their bicycles, folding chairs, and Christmas decorations?!?
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