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Pro: It's a Potential Income Generator. Another potential bonus from a garage conversion: extra income. The space could host overnight guests, aging relatives, or even make money as an Airbnb rental.
Loft or warehouse conversion can be an apartment building wherein part of the unit, usually consisting of the bedroom(s) and/or a second bedroom level bath is sub-divided vertically within the structurally tall bay between the structural floors of a former factory or warehouse building.
The loft may be extra space over the garage. It is often space to the side of a great room with a vaulted ceiling area. The building is marketed as a bungalow with loft because the main living areas of the house are on one floor. All the convenience of single-floor living still applies and the loft is not expected to be accessed on a daily basis.
In US usage, a loft is an upper room or storey in a building, mainly in a barn, directly under the roof, used for storage (as in most private houses).In this sense it is roughly synonymous with attic, the major difference being that an attic typically constitutes an entire floor of the building, while a loft covers only a few rooms, leaving one or more sides open to the lower floor.
Typically, the garage is on one side of the house and there is a floor above the garage housing the bedrooms. The other half of the house is the main living area, part of a story above the garage level and part of a story below the bedroom level. Grading or steps connect the exterior street to the front door on the main level.
The interior of a loft condominium in Chicago's west side, US. Section 234 of the Housing Act of 1961 allowed the Federal Housing Administration to insure mortgages on condominiums, leading to a vast increase in the funds available for condominiums, and to condominium laws in every state by 1969. [47]
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A loft or mezzanine is also the uppermost space in a building, but is distinguished from an attic in that an attic typically constitutes an entire floor of the building, while a loft or mezzanine covers only a few rooms, leaving one or more sides open to the lower floor. [citation needed] Attics are found in many different shapes and sizes.
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