As urban areas become more popular with young professional buyers, it also becomes an area where people are beginning to look at these areas as second home choices. Not everyone wants a home on the beach or the mountains. They may be too far away. They may not want that lifestyle. I am selling more second homes to people that like to come to New Olreans for long weekends. Knowing the things that your clients want and have int answers will go a long way in making you an expert. Remember the guy pays and the woman chooses in most cases so you have to learn what most people want.
The New Orleans Second Home Market
The New Orleans French Quarter has been the primary area where second homes have been the most popular. Its an historic area with all kinds of activities, shops, restaurants, antique shops, historic buildings, bars, music, and much more. The parking is limited and many of the units are very small and have not been updated in a while. With that said there are some beautiful units but the costs have risen to become expensive to buy and remodel. This has made other areas such as the New Orleans Warehouse an up and coming area for second homes.You can walk to the French Quarter as the Warehouse District is just across Canal Street. Its a place the locals are moving.
The New Orleans Warehouse District, and Uptown New Orleans are also attracting second home buyers. Condos provide an ideal vehicle for this purpose as the condo association maintains the common areas while you are gone. New Orleans is rather compact as cities so you may not even need a car for that long weekend as you can walk or use the historic street car lines. Check out these different areas on the website and photos can say it better than I could write.
The emerging second home market in the Warehouse District is unique as you will be surrounded by locals that live in these areas. There are no time shares and weekly rentals are not allowed in most condos. Longer term rentals are allowed as another way you can help pay the bills. Parking is much easier and you will get an updated unit, easier parking and amenities that you will enjoy on your visits. Your kids and visitors can all enjoy the area.
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Last Bridge on the Mississippi River in New Orleans
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Some very artistic painting on the side of the Warehouse.
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Warehouse District Condos
Where are these units popping up?
Most second home buyers are looking for a place to enjoy for themselves, their family and their kids. Buyers want nice areas that will have a chance to appreciate, clean and are safe. In New Orleans that means location and the historic nature of the many condos that exist in this market. The New Orleans Warehouse District is one of those areas that is beginning to attract those buyers. The parking is much easier. The prices tend to be lower. You can walk to the French Quarter which is across Canal Street.
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The New Orleans Warehouse is bounded by Miss. River Bridge and French Quarter
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