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New Orleans Condos-The Studio condos, are they good buys?

      Studio condos are generally condos that are small and have no separate bedroom.  They are too small in most cases to have room for a bedroom.  In the current market most studios are not good buys.  They sit on the market for long periods of time which tells me they are less desirable.  Its not until the prices becomes very very good that they will sell.  There are always one bedroom units in the same price range so the studios tend to sit and sit. 

     There are exceptions to my thoughts but those units better have some great features to make it a salable product.  The French Quarter has the most studios followed by the Warehouse District and Uptown.  We as as agents get to see them a lot as they are slow to sell.  Many agents will not really say they are studios so as to get viewers.  Price seems to be the thing that works best.

3300-st-charles-street-car

      There are however expections to the rule where the price, locations, historical nature of the condo, views, and upgrades make it a good value.  For someone starting out it sure beats paying rent.  For someone who wants a small space for the weekend it makes a lot of sense.

3300-st-charles-ave-commodore-condos

      I saw a couple of exceptions this week and will use the couple for sale at the Commodore Condos located at 3300 St. Charles Ave as an example.  Its right next door to the new Barnes and Noble Bookstore.  It happens to be in a great are to walk down St. Charles Ave and to the New Orleans Garden District. 

       The units have parking in the rear of the complex.  The units have been updated, the complex is well maintained, and they are very nice for a studio.  One of the units has a St. Charles Ave. View with plenty of windows which makes it look and feel much larger than it actually is.  They are both priced below 15ok.

3300-st-charles-condos-front-door

     If you do find a studio it had better have a great location, a nice view and all the other things that would make it an attractive purchase.  Studios could make a great second home if you do not need the room and a bedroom.  Unlike postage stamps they do not increase in price evey 5-6 months so you have to be very careful in the purchase of a studio condo.

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