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    Sold - New Construction In Park Place $449,000  SOLD!!
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Address: 163 Middle Park
City/ST: New Orleans,LA
Zip Code: 70124
Location: City Park
Property Type: Single Family Home
New or Resale: New
Square Footage: 2497
Bedrooms: 4
Bathrooms: 3 full, 1 half
Last Updated: 12/7/2011 5:37:59 PM
Listing Agent and Office:Tommy Crane, Tommy Crane Group
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Real Estate Tips

Investment Real Estate >Location And Value

One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.

Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.

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Real Estate Trivia

Q 
What kind of home construction is considered to be the safest in seismic areas?

A 
Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes.
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The Tommy Crane Group, REALTOR®, real estate agent and broker for New Orleans and Metairie, Louisiana home listings, property and land for sale - NUMBER1EXPERT

Tommy Crane
The Tommy Crane Group

3702 Bienville St
New Orleans, LA 70119
504-899-8666
Fax: 504-281-4842
info@tommycrane.com

The tommy crane group is a team of dedicated agents that work around the clock to make your home selling or buying experience the best possible. Licensed in Louisiana.

MLS REALTOR


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