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Paragon Condos in New Orleans Warehouse District, Views and Windows do Matter!

By
Real Estate Agent with Gardner Realtors, Licensed in La.

Putting a Value on your New Orleans Condo Views ! Views and Windows do Matter!

Condo Knowledge

      One of the primary factors in the resale of your condo is the views.  You may not have paid extra for the views in the beginning if you were the original purchaser.  You just got first choice and you chose the one that you liked.  This is most likely the one that most people would have liked.  However all people do not think of resale.  The smart ones do.

     The views do not show up in the square footage prices so how do you quantify the views.  It only shows up in like type of units.  It is very hard to put a dollar figure on this factor but it does exist.  Since New Orleans has few high rise condos its not how high you are.  Most buildings here are not tall  but conversions of older buildings and homes.

views-matter-900-s-peters-paragon-condos-city-views

      Light also figures into views as people like large windows that lets in natural light.  No one wants the afternoon sun heating up your condo but they want the reflective light.  Oddly enough most condos are exposed to the blistering heat of the New Orleans afternoon sun.  

      What you actually see is equally as important.  Looking at a trash can is not going to add values but getting a nice city view does matter.  Getting a nice city street view can be a great view.  It all depends on what people generally like.  People always ask about River Views but there are few high rises that have them in the under 600k range.

Ryan Shaughnessy
PREA Signature Realty - www.preasignaturerealty.com - Saint Louis, MO
Broker/Attorney - Your Lafayette Square Real Estate Partner

Interesting topic - we see a 5% premium for arch and river views in St. Louis.  However, a more telling figure is days on market.  Homes with great views, good light or adjoining parks sell faster than homes just a few blocks aways.

Sep 05, 2009 04:15 PM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

I do not put a per centage on it but you are right on the time to sell. I ask the clients would you pay $5000 for great views, Yes. Pay $10,000 yes and so on. Thanks for the comment

Sep 05, 2009 04:27 PM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Windows do matter!  BTW, congratulations on the featured post.

Sep 05, 2009 09:51 PM
Douglas Fischer
East Oahu Realty - Selling Honolulu, Hawaii Condos - Honolulu, HI

I agree totally about views and windows.  Sometimes, however, when I walk into a condominium building or community, I wonder what the builder/developer was thinking when there are small window, or no windows where there are the best views.  What's up with that?

Sep 11, 2009 07:10 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Doug, many stiill do not see the value. Maybe they do not ask. Thanks for your view!!!

Sep 11, 2009 07:40 AM