840 Tchoupitoulas, Sugar Plantation Condos. Common areas are valuable, the extras! What do they mean!
June 13th, 2009 categories: Condo Knowledge, Condo Listings
Just listed a nice condo at the Sugar Plantation in the New Orleans Warehouse District. With each listing you can always find a couple of topics from that listing to blog about. This listing has garage parking with the unit which is a valuable part of the equation to have in this art of town. The Sugar Plantation also has some nice common areas for the owners to enjoy and use. These assets also have value when a buyer is looking to purchase.
Parking in the New Orleans Warehouse District is not easy if you do not have a space with your unit. As the prices near $250,000 most units will have parking. Initially parking was either sold with the unit or sold separately. The prices range from 20k to 30k and are hard to come by if you did not get one in the beginning. Garage parking is even better for your car and your convenience. Not all spaces are equal, the first pickers of spaces tended to get the better ones.
The common area amenities are not free and they also have a value to the purchaser and an expense as well. The enjoyment of the common area generally out weigh the additional expense. Many times people choose the common areas as one of the main reason for their final choose. Location, Location is always the first choice but amenities ranks up at the top.
The enjoyment of the amenities makes the expense worth while to manypeople depending on the desired lifestyle. Having a gym and pool are a plus to most people. No need to join a health club. Good way to meet your neighbors and get outside of your condo w ith no hassle.
It gets hard to put a number on the value of the common area but most people do value these and the units tend to sell better when the common areas are well done. Its still about people wanting to enjoy the lifestyle at whatever price they are looking for in a New Orleans Condo. If you ever plan to rent your condo then this is a major factor in a future tenant wanting to rent your condo.
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