Terraces are larger outdoor spaces located on the ground or roof level, while balconies are smaller platforms attached to the upper floors of a building. Terraces function as outdoor living areas, whereas balconies are more private spaces connected to specific rooms.

What are terrace apartments? A ground-floor flat with outside space is referred to as a terrace-level apartment. A garden or other area with flooring may be included in this outside area. Apartments on the terrace levels are also referred to as basement apartments.