Real Estate

Real Estate

The Benefits Of Atlanta’s Real Estate Sector

Atlanta is considered the capital of the New South in the U.S. It has several reasons to claim this title being a very progressive metropolitan area in the state of Georgia. In fact, it has evolved from being just a center of regional commerce to being a city with great influence internationally. Atlanta’s growth rate was pegged at 20.5 percent between the period of 2000 and 2006 making it the most rapidly growing metropolitan center in the U.S.

Atlanta is the capital of Georgia with a metropolitan population of more than 5.1 million as of July 2006. It ranks 9th as the most populous metropolitan area in the U.S.

Real estate

hdd74Real estate wise, Atlanta is home to numerous high rise and mid rise buildings with modern architectural design spread in the Downtown, Midtown, and Buckhead areas. It boasts of its towering Bank of America Plaza at more than 1,000 feet becoming the world’s 29th tallest building. With the influx of businesses in the city, the real estate industry has also been growing. This, in turn, has led to a favorable employment rate and economic boom.

Being home to many of America’s top television networks, it is not surprising that various real estate reality TV shows are being produced to highlight Atlanta’s real estate sector. Some of these very popular shows, notably on home flipping or buying, fixing and reselling residential properties, are the Flip This House and The Real Deal.

Purchase of homes

houseIt’s a buyer’s market in the city as housing prices have dropped by almost 14 percent since August 2007. There are more than 115,000 homes on the market today, and this situation is definitely favorable for home buyers whether first timers or those buying second homes. One-bedroom homes are the most sought after with an increase of nearly 10 percent. At this time, moving to Atlanta with its great public schools, shopping and job opportunities should be worth wild.

With a vibrant real estate market, there’s no way to go down for Atlanta. Many businesses and homeowners will surely consider this area where they can reap many benefits on a financial and personal basis. It’s safe to say then that Atlanta will always be up to the challenge whatever crisis may come along. It has surpassed its past issues, and it will hurdle its challenges in the future.


Real Estate

Tips On Choosing The Best Condo Unit

Buying a condominium is somewhat similar to buying pretty much any other real estate property. Key factors such as the price, location, security, and extra amenities are the same factors you should consider. However, if you are still unsure as to how to choose the best condominium for the price, let us help you by reviewing these key factors in detail.

condo building

The Cost

Before you check out a condominium and sign the sale document, carefully consider the cost. In general, the price of any real estate property mainly depends on the size and location of the property, and any existing upgrades it has received. It also depends on various extra amenities offered, which can include a gym, a swimming pool, club house, library, and so on. Therefore, check these and the cost beforehand, and make sure that it fits your budget.

The Size

In general, the size is not really that important when purchasing a condo. The closer you are to the downtown area, the smaller the condos will get for your money. That is the case anywhere. However, if you plan to buy a condominium in an area where the average condo size is around 1300 square feet, avoid buying a condo that is 500 square feet unless the price is extremely low. This way, you will avoid being dwarfed by the competition, should you decide to resell or rent your condo.

The Garage

If you are planning to buy a condo, having a garage will be of great importance, especially if you intend to resell it at a later date. The best case scenario would be a condo with an interior garage. In the worst case, make sure it has at least an exterior garage. Given how winters can be truly harsh, you will definitely want to avoid shoveling piles of snow on the street in order to park your car.

The Location

building Aside from the price, this should perhaps be your top priority. When purchasing a condo, you will definitely want it to be in a well-developed area, or one that is up and coming. Look for the one that is relatively close to shops, restaurants, and public transport or some other features and facilities that attract people, such as markets, hospitals, and nightclubs.

Unique Features

This is also imperative if you plan to rent or resale your condominium. Keep in mind that there are a plethora of cookie-cutter condominiums out there, which feature the same interior designs and low-quality materials. Try to find a condominium that has some unique features, such as patio doors, a designer kitchen, an exotic brick wall, etc. Make sure it is something that will differentiate your condominium from the rest and impress and attract potential tenants or buyers.

The Interior Flow

When checking out a condo, make sure it has a good flow from one room to the next and looks and feels uncluttered and spacious. You surely don’t want to end up paying for a condo that feels confined and boxy. This will not only affect your quality of life but also keep away a large number of potential tenants or buyers.