October 18th, 2008 categories: French Quarter
How do you value a balcony in a New Orleans French Quarter Condo. Its hard to put a number on the balcony but people will definitely pay extra to have one. They may not use it a lot but its an item that many people want when looking for a condo in all price ranges. You cannot build or add balconies if you do not already have one. To remain historically correct few changes can be done without approval of the Vieux Carre Commission. This is even down to the color of your paint.
French Quarter Balconies are valued since there is a shortage of them. People prefer second and third story units over that of a first floor unit. People want condos that have street views. People want units that have more light and larger windows. The front units tend to be larger and have higher ceilings and character. The developers now know that so many of the best units are units with balconies.
This is because the front units were the main parts of these old townhomes. The front units tend to be larger as they are in the prime spot of the complex. None were condos in the beginning over 150 years ago plus. All these factors enhance the values of the balcony units. The more windows you have on the balcony the more valuable the balcony.
As you can see balconies are a chance for you to show off your green thumb. Balconies are also great place to view the local sites and sounds of the Quarter. They come in a variety of sizes and heights. Everything here was built before a/c or even electricity for that matter so access to many balconies are thru the windows or French doors. Ferns are the most common hanging basket that is used but also you will see a lot of color with annuals.
The iron work of the railings are like artwork each with its own design. I cannot think of many places in the United States that as many balconies as the New Orleans French Quarter. These facts show you the value of a condo of a condo with an exterior balcony. It is still hard to put that number on balconies but the great value is there. What do you think?