The value of a condo is determined by location, condition, style,bedrooms and size of the unit. Too often many agents, sellers put an over emphasis on the square foorage of the condo. It is a very important factor but other factors should be considered when making an evaluation. Many of these factors can be emotional. Over the last 15 years of selling over 200 condos here is what I learned. These factors add value because of the demand for these factors.
Rather than talk about each factor, I will show you many of the itmes that are desired in a New Orleans condo. A good appraiser and agent will take all these things into account when establishing a price. If condition and location are equal then these factors will set your unit apart from others.
Balconies are a big factor….
Views, What you see out the Condo.
Pools and Courtyards do Matter, Common Areas
Large Windows, Natural Light, Window Features
High Ceiling and Wood Floors are Demand Items
Parking Spaces are a large factor…
Amenties such as rooftops and Common Areas
Historic Features are Desired….
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