Balconies were once a rare item to focus on when it came to home searches. But now, real estate agents are saying that having a balcony is a major plus when their clients are searching for homes. If an apartment does not have outdoor space, a balcony can provide that for the renter, giving a space to grow plants or simply enjoy a nice day. But quite possibly the biggest reason balconies have become so popular is that they offer additional space in a home. “It expands the usable living area and provides an intimate setting for al fresco dining, a morning coffee or just relaxing after a long day,” Ericka Rios, co-founder and director of leasing at Downtown Apartment Company, told Apartment Therapy.
But it’s not just apartments that can benefit from a balcony — newer homes are now being built with this idea of added space in mind and many new builds are adding balconies off the main bedrooms. “This extra space is very appealing to buyers and can add value to a home,” said Chris Gold, a realtor and CEO and Owner of Chris Buys Homes in St. Louis.