No one can say whether a town house will sell five years from now because that market will likely be considerably different from the one we face today. You should work with an agent who is committed to helping you make the best fact-based decision. In addition to helping you understand the forms required to bring the transaction to a successful close, that agent can provide information on the quality of life, the sales prices of comparable homes and negotiate on your behalf and so much more. This way, there should be some level of confidence that you did not over pay for your property, that it is within your budget and that you made the best decisions at the time, all fundamentals that should work in your favor when the time arrives to sell.
REALTORÂ® Keller Williams Realty Atlanta Partners
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortage programs including:
Conventional | FHA | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® |
HomePathÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing
It's true Townhomes can be tricky, but like all real estate, location and price are main factors that drive demand. Since Glenridge/Sandy Springs is consider "closer in" (to downtown Atlanta) demand is higher and therefore property values are higher as well. Buyers who want to live in the area but are priced out of the single family home range turn to townhomes and condos for a more affordable option.
Having said that, the opportunity for positive appreciation is somewhat limited since you can't add space to a townhome or condo. So from that standpoint, there will be a max or cap on what the market is willing to pay. You also have to consider the monthly HOA fees that are added to a mortgage which may price the resale of the townhome out of range for another subset of buyers.
I say all this in very general terms. If you would like my opinion on a specific property, you can email me at firstname.lastname@example.org.
I hope this was helpful!
Homes Appreciators Realty Team at
Better Homes & Gardens Real Estate Metro Brokers