Monthly Archives: April 2018
New Orleans Flood Insurance Guide for First-Time Homebuyers
What do you need to know about floodplain management ordinances? What affects flood insurance rates? And do you need to carry a policy — even if you’re buying property in a low-risk zone? Despite two strong hurricanes wreaking havoc in the Southern states last year alone, New Orleans saw a 3.8-percent drop in flood insurance... Read More
New Orleans Zoning Laws for Commercial Real Estate Investors
Zoning laws in NOLA are influenced by the city’s 300-year history and its unique status as a major U.S. city still in recovery and in need of flood protection. A city as old and unique as New Orleans is bound to have complicated — and sometimes confusing and contradictory — zoning laws. For decades, there... Read More
Is a Smart Thermostat Worth It in New Orleans?
Less energy consumption, a home that’s comfortable any time of year — what’s not to like? But do smart thermostats deliver on their money-saving promise? And do New Orleans homebuyers need them? Customizing your heating and cooling needs with precision is an attractive prospect no matter where you live. Air conditioning is a necessity in... Read More
The Rise of Jefferson Parish
After five years of rapid home price increases in Orleans Parish, demand turns to the west. Surging market prices and slower-than-expected job growth are among the factors that are accounting for lower home prices in New Orleans proper in 2017 after several years of steady gains. But, it’s a different story outside Orleans Parish, with... Read More
How Are Home Values Calculated?
Learn what factors determine the list price of your New Orleans house. The current median value of a home in New Orleans is $173,100. The median listing price is $309,200, with an average selling price of $221,700. But what does all this have to do with your home? If you’re preparing to sell your New... Read More
Hottest New Orleans Neighborhoods for Young Professionals
The neighborhoods young professionals are finding most desirable have a few things in common: they are historic, walkable, and have thriving shopping and dining scenes. As the latest data show, the New Orleans housing market looks healthy, although not without its issues. Property investment activity is up, driven in part by historically low mortgage interest... Read More
Choosing a Great Tenant to Share Your NOLA House With
How the Tenant Screening Process Works Most homebuyers don’t set out to be landlords, but if you purchase a multi-family property in New Orleans, this can open up some great possibilities. Sharing your home with a tenant can be a creative way to generate income, obtain better financing options, and enjoy some relief at tax... Read More
Should You Flip, Rent, or Hold Your New Orleans Home?
How to Determine Which Action Will Bring You the Most Return on Your Investment If you’re looking for a way to make money in the New Orleans real estate market, you typically have three options: flip, rent, or hold. Here’s what you need to consider, based upon return on investment (ROI): Should You Flip? Home... Read More
8 Easy Upgrades to Increase Home Values
Simple Improvements That Can Help Boost the Value of Your New Orleans Property You don’t have to spend a fortune to enhance the value of your property, as evidenced by these easy home upgrades: Replace outdated items throughout your home. Whether it’s replacing dripping faucets, upgrading your lighting, or installing a new front door (or... Read More
The Mysterious Art of Packing
Preparing to Sell Your New Orleans House? Declutter First, Then Pack the Rest When getting ready to sell your New Orleans house, you might begin by employing a “Life-Changing Magic of Tidying Up” type of cleaning. This book by Japanese organizing consultant Marie Kondo lays out a two-pronged approach to decluttering your home: Take a... Read More
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