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Sunday, May 2, 2010

Atlanta Condos: The Condominium Market in Atlanta, Georgia

Atlanta condos have rocketed in popularity, offering accommodation to young professionals and small families without the expense of single family homes in the center of the city or even in the more expensive suburban districts.

High rises condominium buildings are shooting up in Atlanta, the most prominent being the Trump Tower at 15th and West Peachtree Streets in Midtown Atlanta. Due to open its first phase in 2009, Trump Condos are designed for professionals seeking accommodation in mid Atlanta, and start at $400,000 rising to $1.3 million: many condos have already been sold.

These exhibit the classical need for condos: centrally located, no worries about maintenance and security, and perfectly located for executive and corporate ownership. However, they are also ideal for city living, and are very attractive to young people and couples earning enough to afford them and that have no young families that demand a more rural or suburban location for their permanent home.

But what about these families? Condos are available at lower prices than regular homes, and not everybody wants to have a front garden or backyard to look after, in which case an apartment or condo would be ideal for them: particularly a condo, where maintenance and upkeep of the external parts of the home are looked after for a monthly fee.

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