A few months ago, we explored the concept of no-frills condos—condos that offer only the essentials, without any extras. These minimalistic living spaces provide limited amenities, sometimes including just a gym and a concierge desk. Many of us may not mind this simplicity, especially if we don't utilize amenities like gyms and pools. But what if a condo lacked something that many homeowners take for granted: a balcony? In other words, what if we couldn't step into the outdoors from the comfort of our own home?To gauge public opinion, a small survey was conducted. We asked whether moving into a condo without a balcony would be something we'd consider. The responses were almost evenly split, with just as many of us willing to live without a balcony as those who consider its absence a deal-breaker. When we asked participants to elaborate, a common theme emerged. Those who deemed a balcony necessary expressed feeling confined, as if residing in a prison or a bunker. On the other hand, those who were open to balcony-less living often said they were indifferent and would adapt to the realities of the current housing market. Although we inadvertently omitted to distinguish between renting and owning, it's conceivable that our flexibility might be greater with rentals compared to more permanent residences.Overall, the reasoning behind accepting or rejecting the idea of living without a balcony appeared consistent among respondents. Some of us adopt a "beggars can't be choosers" attitude, while others find the prospect akin to living in a bunker. Both perspectives underscore two significant aspects: the unwelcoming nature of the housing market and the necessity of reducing luxuries. It's now apparent that private outdoor space has transitioned into a commodity associated with luxury. However, for some of us, private outdoor space isn't merely a luxury; it's a basic need. Being deprived of personal access to fresh air and sunlight, especially for those of us who work from home, can lead to a sense of confinement. While we could easily dash across the street to the park, it's not the same as having our own outdoor haven. For many, it's also a matter of principle; we shouldn't normalize the commodification of outdoor space, akin to treating it as mere property.Interestingly, some of us might not place a high value on balconies or might remain impartial to having one in our living space. Yet, others perceive a problem. Much like the phenomenon of "shrinkflation" witnessed in grocery stores—where chip bags might contain more air than chips or boxes of cookies might hold fewer cookies for the same price—landowners and condo developers might view the omission of a balcony, something many of us take for granted, as a means of cost-cutting or maximizing profits. Paradoxically, the Toronto Star suggests that balconies actually enhance a space's value and make it more marketable. They maintain that despite whether people actually utilize balconies, most prefer having one, making the sales process less risky.For those of us who value balconies, research supports our inclination. Exposure to direct sunlight has been shown to bolster mental health by increasing serotonin, a neurotransmitter linked to happiness, while darkness triggers an elevation in melatonin, promoting sleepiness. Whether having a balcony—essentially, access to the outdoors—contributes to our emotional well-being or not, ample research implies that it fosters positive mental health.Often associated with modern living, balconies have a historical lineage that traces back to ancient civilizations. The ancient Greeks and Romans designed intricate outdoor platforms, often adorned with sculptures and greenery, offering a glimpse of the world beyond. This melding of aesthetics and functionality endures in our present-day fascination with this architectural flourish.In essence, the balcony, once an unremarkable fixture, now encapsulates a sense of privilege. As we navigate the intricate labyrinth of a housing market in constant flux, the presence or absence of this modest outdoor expanse serves as a reminder of the broader dynamics molding our homes, our way of life, and our understanding of what truly defines a comfortable living experience.&nbsp;

Condo Balcony - a Necessity or a Luxury? Our Survey Results

Unveiling the condo balcony's role in modern living – luxury or necessity? Join the conversation with RIFO 

About RIFO

Business

Investors

News

Contact Us

Contact Us