Warehouse District Condos-Good buys in units that need updating!

     The Warehouse Condos have fallen out of favor that need updating.  If they are priced accordingly you can, if willing and able to update come out fine.  You can give the condo the touches and that little extra that a developer cannot do.  You just have to do it and do the things that people want.  A large portion of this can be sweat equity and planning the upgrades in the most efficient manner.  You should also get the equity that come with taking a chance.

    One of my clients Anne Pierson took that chance and now has a great second home and or corporate apartment to rent out.  Check out how the unit now looks as a condo that is very polished and very updated.  She has a flare for the remodel.  Anne’s Corp Condo Site .  Compare these early photos of her condo and how it looks now.  Condo Makeover Award Winner.

Cotton Mills Condos, New Orleans Condos update

     This is an old kitchen at the Cotton Mill Condos in the Warehouse District.  This is left over from the way it was as an apartment over 15 years ago.  Its very livable but it is not what people want in today’s market.  It was the buyer choice at that time to get a developers  upgrade for about $9000 or take the unit as it was.  These went on sale before Katrina and many sold after the storm when people  just wanted to move in.  The value on these type of units has remained stagnant over that period.

    Putting money into the kitchen , bath, flooring and decor is what is going to set your unit apart from the others.  As long as you have the right ingrediants then your renovations can pay off in terms of your enjoyment and future value. 

Cotton Mill Condos, Updating your New Orleans Condo

     Buyers do like any carpet on the floors but not just any wood floors.  The spaces are small so you have to do some nice things with flooring.  Many times the floor is in place saving you a couple of thousand.  The unit had what people want in the New Orleans Warehouse District which is the high ceilings, large windows, some decent view, exposed beams. 

     The bottom line is most buyers do not want a project.  If you want a project then these can be had for good prices.  There are however not that many.  There are always a few that you can catch for a very fair price.

Related Articles-Cotton Mill Update ,  New Orleans Second Home Market

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA