There are some tremendous opportunities currently available inside 285 for condo's and townhomes. The best area will be the area that works best for you based upon your needs and desires. The market prices have dropped significantly and there are a glut of homes available through resale,foreclosure and short sale...be aware it will take a considerable amount of years for the pricing to rebound..though in highly desireable areas you will find it will rebound quicker such as Buckhead, Decatur,Roswell/Sandy Springs, and Mid Town. In regard to renting there are a handful of communities that do not not have any caps on the number of rentals, but you will find most have a 25% cap and waiting lists. So when you do purchase I would suggest you place yourself on the waiting list so you will be able to rent the home when you desire. If you don't already have an agent working for you I would be happy to help you work through the process. Call or text me and we can get started when you are ready.
Chuck Green, Realtor
Keller Williams Realty
Atlanta Housing Source at
Solid Source Realty, Inc.
Home Buyers & Sellers - http://www.AtlantaHousingSource.com
Property Management â€“ http://www.RentalHomeAtlanta.com
Look for areas where you have professionals that may be here for a few years, who do not want to buy.
Beware of the 1 bedroom units. 2 Bedrooms sell better and are always in demand. Midtown is a good area, Atlantic Station has seen a large amount of Foreclosures. So It concerns me to some extent. Downtown Decatur is great. You have a great rental market with Emory Medical Students and the CDC. Also the DOWNTOWN Decatur Condo Market has been more stable than other areas. Decatur did not see the same level of over-building as Midtown or Buckhead. Condos near Hospitals like Northside, Piedmont, Emory Midtown, Dekalb Medical are good bets as well.
Good Luck in your search. I am always happy to help.
And feel free to contact me with any questions.
In my experience nearly any area in Atlanta could be a good location for a rental property. All you need to do is set the rent at an appropriate amount for the location - people need to live everywhere!
I've found that it usually makes more sense to purchase something close to where you live. Unless you hire a management company, having something close could make it easier to manage the property.
One of the most important things to research in a condo/townhouse community is whether or not the complex allows rentals, and if they do is there a cap on the number of rentals. I know of only one condo/townhouse community that has no restrictions on rentals, but I'm sure there are more.
If you have more questions I would be happy to help.
Keller Williams Realty Metro Atlanta
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