Both are exterior structures, however, terraces are usually larger in size.
What Is a Terrace?
A terrace is a paved or tiled outdoor area next to or at the top of a building.
The Spruce / Christopher Lee Foto
Unlike a balcony, it is not necessarily attached to a building and can be completely free-standing.
Size
A terrace is much larger than a balcony.
Terraces located next to a house also tend to be large.
Westend61 / Getty Images
They can also be valuable when selling a home, mainly when private outdoor space is tough to find.
Popular terrace design ideas include turning outdoor areas into usable seating areas for relaxation, including shaded areas.
Terraces can consist of plant arrangements, outdoor decor, and lighting options, all wonderful for entertaining.
Westend61 / Getty Images
What Is a Balcony?
Balconies tend to be long and narrow andmuch smaller than a terrace.
They are fastened together to secure the structure and support the balcony’s weight.
Carlina Teteris / Getty Images
Potential Woods for Use in Outdoor Applications.Hardwood Distributor’s Association.