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Sunday, May 2, 2010

Many are buying up condos to rent and also as second homes, especially close to the French Quarter. The Quarter itself is expensive but as said already, the streetcars and buses are excellent in New Orleans, and you can get to any area pretty quickly by public transport.

As with any other form of habitation you get what you pay for, and New Orleans condos are no different to any other with respect to the facilities they offer. Pay the basic price and you get the basic condo, but that is what many people want. In a district where a reasonable condo is priced at $200,000+, many students, for example, or young people in their first job, would love the opportunity of a $100,000 condo, no matter how basic. For obvious reasons, however, these are not easy to find.

No matter where you want to buy your condo, or your reason for buying it, you need a professional realtor to help you through the maze. There so many laws, such as tax free gains when you sell a home that has been your residence for at least two years. There are other laws regarding gains on home sales that a good agent will be able to help you with - not when you sell, but when you buy with a view to selling later. That is when you need the advice.

The area of New Orleans you choose might be important to you. If you have children, you will want to move to an area where there are other children, not to one where seniors tend to congregate, or areas taken predominantly by students. You need local knowledge to make these decisions.

A condo might be ideal, or perhaps you prefer a home with a garden or backyard. You might need parking or a garage, or you might want to live near your place of work in the commercial areas. All of these needs can be met by use of a professional realtor or agent. At the end of the day you want the home of your dreams, and New Orleans real estate is so wide and varied in style, size and price that you should be able to find what you want, given the right help and direction.

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