The Most Important Things to Look for When Buying Property in NOLA
New Orleans has a long and incredible history, making it one of the oldest cities in the nation since it’s been at the heart of trade routes for hundreds of years. Fortunately, this history is brought into the properties, giving them charm and age that you can’t find anywhere else.
Unfortunately, it can be hard to know if the house you’ve settled on was a great pick. These are the most important things to look for when you’re hunting for a home in New Orleans, and what sets this city apart!
1. The Flood History
Although Louisiana legally requires sellers to disclose whether and how frequently a property or building has flooded: many buyers rush into the market and forget to thoroughly look into this information.
Not every plot of land that has flooded means the house has flooded as well, but if you ignore it, you could buy a home that floods seasonally.
Look at how high the flooding has happened if any measures have been taken to stop this from happening again, and how high the monthly cost of flooding insurance will be for this property.
2. How Close to Tourism Spots You Are
You may think that looking at New Orleans houses for sale near the French Quarter is a good idea: but it’s vital you think about the amount of noise these tourism-heavy areas can generate.
If you want to feel like you’re at home, instead of constantly battling tourists, you should try to find a property away from the main streets. You can still drive into the city for fun and excitement, but it saves you from the headache and potential property damage from drunk tourists.
3. How the Price of the Property Has Changed
Although Louisiana is a famously affordable state, a lot of New Orleans is pricy. This is due to the high demand for vacation properties or homes that people can rent out for a week or two. Fortunately, the wild market from the last couple of years has finally settled, so most homes away from the main streets are sitting at a far more affordable range. This means you can get a home that suits all of your needs.
4. If You Can Find Community
Look for a neighborhood that speaks to where you’re at in life right now. If you’re a young professional, look for an area with others around your age. If you want to start a family, look for a neighborhood with great schools and fun things that will interest you. Avoid grabbing a home simply because it’s what is available.
5. If It Has Room to Grow
Look for a property that gives you room to grow and flourish! You deserve a space that won’t leave you feeling cramped in five years and that will continue to be a great home for years to come.
Every Property In New Orleans Could Be Someone’s Dream Home
Whether you’re moving here for a change of pace or you’re excited to find affordable fun and living, you won’t do better than New Orleans. Keep these tips in mind before you go house hunting to make sure you get the best property possible.