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Sunday, May 2, 2010

New Orleans Real Estate: Hot Condos for All

The Warehouse District of New Orleans is a hot real estate area. There are several reasons for this, including the fact that it is just a short walk from the French Quarter and everywhere else in New Orleans is just a streetcar ride away. If you purchase a home here you can put your car away because the public transport systems can take you anywhere you want to go.

You will find it hard to believe the way that the old warehouses and waterside buildings have been transformed into condos of every size and shape, suitable both for single people and families with children. Elsewhere they might be called lofts, but in New Orleans they all come under the one name of condominiums. They are available all over New Orleans, but the warehouse district has been particularly developed, both before and after Katrina.

Incentives were offered to developers who maintained the original nature of the buildings. Most of the warehouse area developers have kept the exteriors with ultra-modern interiors and fittings, such as the Sugarmill Plantation, where internally the whole development has been constructed from the ground up. As time goes on, the developments are becoming more and more highly appointed, and prices are going up accordingly. A two bedroom condo in the warehouse district will leave you no change from $300,000, and prices are increasing.

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