A balcony is usually an elevated platform on the exterior of a building that protrudes out from the wall and is supported only at one end. It is typically smaller in size than a terrace and may be enclosed or open. Balconies usually serve as spaces for relaxing or enjoying the view.
A terrace, on the other hand, is a large, flat outdoor space that is usually located on the ground or on top of a building. It can be accessed directly from inside the building or via a staircase or elevator. Terraces are typically designed for outdoor living and can accommodate seating areas, dining areas, and even gardens. They may also be used for outdoor parties or events.
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