So I’ve been looking for a new place for myself. I will be purchasing and i’ve had Mr. Sparty help me with this (Mr. Sparty is a realtor) so I know I dont get ripped of! But he pointed this out to me and I am really excited. My dad also dabbles in real estate and sees this as an awesome deal. I thought I would share this with you guys, for anyone looking for a deal or new home or something.
[QUOTE]2 projects: 1 on Irwin next to Gateway Village/Johnson and Wales U etc
2 on Church and Summit in South End a block from light rail stop and Camden Ave with all its retail and amenities
Both similarly priced but have your option of SouthEnd or Uptown living. Depending on presales we expect to deliver units in around 6 months. These are priced to sell so it shouldn’t be an issue.
Brick exteriors. Again 2 bed/2 bath flat in the $150’s 900 sq.ft. In these areas for new construction, that per square foot cost is unheard of. I’ve attached a rendering and a rough draft of the floorplans.
Condos went on the market a few months ago starting a 99,000 and they sold out in a few days. Shows there is a lot of demand to live downtown if the price is right. A lot of people simply don’t want to pay 250,000 for an 800 sq foot apartment, but 150,000 isn’t a bad price at all. If I get a job in the next couple of weeks (have some interviews this week), I’m gonna have to consider this.
Why rent when you buy and can later sell for a profit if you decide you would rather have a house later? Renting is throwing your money away. Even in this horrible housing market, the average sale price of uptown condos increased significantly from 2008 to 2009.
[QUOTE=Sideshow;413722]I’ll never understand condos. different strokes for different folks, but if I’m spending 6 figures on something I want size and property. If I want an apartment I’ll just rent.[/QUOTE]
Yeah I hear ya. Dad says the same thing to me. I just like having a nice place and no yard. For now atleast.
OK, I’ll be Mr. Buzzkill. This is apples to oranges, but here in Austin, my downtown condo is kicking my butt. It’s 580 sq. ft. and last year would have fetched $190,000. In the meantime, thousands of high-rise condos have been built, saturating the market at the wrong time, and now their being auctioned off for pennies on the dollar. I’d be lucky to get $150,000 for it now. And the county still thinks it’s worth $170,000 and is taxing me accordingly. I hope they haven’t overbuilt in Charlotte.
There are more than necessary in Charlotte, but it hasn’t been vastly overbuilt. Luckily, the majority of the ones planned were canceled before they were begun. You have buildings like The Park that were started at never finished and is now an eyesore, but its been the only one thus far. Others were canceled before construction began. The Catalyst was built and only sold about 50% so they converted the other 50% into apartments. The Vue is now under construction and at 51 floors will put 400ish more units on the market, but I believe about 60% of that building has sold out.
Like I said earlier, the average price for all the condo’s sold in Charlotte between last year and this year actually rose by almost 100,000 dollars.