In a structural sense, a terrace is generally a flat platform that will protrude from the exterior or the roof of a building. It is intended to give a sense of light to adjoining rooms while simultaneously providing additional square meters of external living space during agreeable weather. Therefore, it should come as no surprise that many fashionable homes and apartments will boast this amenity.
One of the benefits of a terrace from a comfort point of view is that it can add an ample amount of space in a location where a home or apartment may not have an external garden. This provides an area for children to play and for families to gather outside of the home itself. Such an efficient use of existing space is an attractive feature that is highly prized by those looking to rent or purchase a property.
It is generally accepted that properties with terraces will cost more money than those without; particularly if these structures are located within an urban center. As space is considered a commodity, a well-designed terrace that provides panoramic views of local scenery may add as much as twenty per cent to the value of an apartment or home.
Consequently, terraces are quite prized in regions where living conditions between neighbors are considered to be cramped. When referring to rooftop terraces (such as those that often accompany penthouses), an extra level of privacy is another notable benefit that is worth mentioning. From a real estate perspective, a terrace can indeed add to the value of what may otherwise represent a rather cramped property.