Like rental units everywhere, apartments in Atlanta vary tremendously in terms of price and quality. If you’re planning to relocate to the Atlanta, Georgia area, it pays to do a bit of detective work, whether you’re looking for cheap apartments in Atlanta or deluxe, high-end penthouses – or something in between.
Own – Or Rent?
One thing you may be wondering is, why rent? Mortgage rates are at their lowest levels in decades, and thanks largely to the sub-prime debacle, there are plenty of houses available for a song. Anyway, isn’t home ownership the American Dream?
The simple answer is, not necessarily. Home ownership entails a great deal of responsibility, including any and all maintenance as well as property taxes. Those who rent Atlanta apartments don’t have to deal with those issues. There’s also the matter of mobility. Despite the fact that many Atlanta apartments require six or twelve month leases, many actually do rent by the month, or even the week. Should you need to pack up and move, it’s much easier and less expensive to leave an apartment than a house which you must list with a realtor and try to sell in an uncertain market – a process which could take months.
The basic rule of thumb is that if you’re planning to stay in the area five years or less, it makes more economic sense to rent one of the many Atlanta apartments.
What Does It Cost?
Like any large metropolitan area, the rent on Atlanta apartments depends on many factors. The primary ones however are:
1.Size and number of bedrooms
2.Distance from city center
3.Neighborhood
While you will naturally pay more for a two-bedroom than you would for a studio, rents tend to be lower further out in the suburbs. For example, you can get a studio apartment located near the southside near I-285 for as little as $400 per month. On the upper end, you can rent a four bedroom townhouse in a deluxe community for $5300 per month.
It is worth noticing that rental prices can vary quite a bit within one building or property. For example, the property referred to above also has small studios available for under $800 as well as the deluxe townhouses. These are a bit more expensive than similar units elsewhere, but may be more convenient to work, shopping and entertainment venues. This means that you may actually come out ahead by renting one of the higher end apartments in Atlanta, because you’ll save on transportation costs – something to think about in these days of $3+ per gallon gasoline.
Apartments In Buckhead Atlanta
Sometimes it really is possible to have the best of both worlds, and in Atlanta it is perfectly possible to find real estate and facilities that are easily comparable to New York or even Boston yet at a fraction of the cost. Real Estate in Atlanta is not cheap, but it is amongst the most affordable and reasonable when compared to cities that have similar amenities. One of the most popular areas of Atlanta is Buckhead, and it is here that you will find a conglomeration of leisure and business facilities, making this the most densely packed of the commercial districts within Atlanta.
Because of the naturally limited space, Buckhead in Atlanta has driven for the skies, and is home to some of the tallest apartment blocks found anywhere, surpassing the forty storey mark easily, and with the PeachTree apartment building hitting the fifty storey mark the skyline of Buckhead is one which is dramatic and awe-inspiring.
Although Buckhead has the reputation of being the commercial district of Atlanta, and it is certainly the case that there are many thriving businesses, retail outlets and commercial facilities here, there is also a very significant presence of residential space, and for those fortunate enough to own real estate in the Buckhead region of Atlanta, they have an enviable wealth of facilities on their very doorstep. Imagine having all the luxury of the shopping, dining and leisure facilities offered by somewhere such as San Francisco, and then place modern, vibrant living spaces in tall apartment blocks right in the heart of these facilities and you have Buckhead, Atlanta.
It is not hard to see why demand for these apartments, lofts and condos is so high, and why investors are viewing Buckhead as being a prime location for refurbishment and development projects. It is also easy to see why of all the areas of Atlanta, Buckhead enjoys the lowest vacancy rate of anywhere, with properties being picked up almost as quickly as realtors can publish the details. For those looking for an investment, Buckhead real estate offers not only the opportunity to live in one of the best served and most enviable of districts, but also to be safe in the knowledge that your investment will be guaranteed to see a substantial return, and demand will always remain high.
If you have money to spend, then anything from half a million to million dollars will see you owning a beautiful property in this region of Atlanta, enjoying all the sophistication and class as that enjoyed by those we may see as being amongst the elite. Sometimes referred to as the Beverley Hills of the South, Buckhead in Atlanta is where many celebrities and famous figures choose to hang their hat, and you may find yourself becoming neighbours with anyone from Elton John to the Governor of Georgia.
Of course, whilst those with plenty of money to invest in large, resplendent mansions have the opportunity to do so, if they're quick, for those whose budgets are slightly more modest there is still plenty on offer, with large condominium blocks providing beautiful accommodation with stunning views and tremendously easy access to an enviable wealth of local facilities.
But as well as considering the two extremes ? those with plenty of money choosing to buy large mansions, and those looking for a more modest apartment, there are also plenty of homes in the middle region which are ideally suited to families, and indeed Buckhead has an excellent reputation for providing an excellent standard of education. With several schools that have a reputation for providing an excellent level of education, with a high success rate, this is often considered by many to be not only an excellent place to invest and enjoy all that life has to offer, but at the same time providing the best opportunities for children to enjoy an excellent start in life.
Atlanta has a reputation across the whole of the US for managing t sustain an ever buoyant real estate market, regularly within the top ten of the most successful markets in the country, and of all of the regions within Atlanta, Buckhead offers some of the most remarkable properties, with some of the finest facilities and local amenities to be found anywhere. Whether you are looking to invest financially, or to invest in your child's education, or simply to invest your happiness in being able to enjoy such a beautiful and well resourced city, this really is one of the finest opportunities to be found.
Both Anne Harvester & Julian Bryce are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Anne Harvester has sinced written about articles on various topics from Holidays, Supplements and Online College. Anne Harvester works as a rental associate in the Atlanta area. She specializes in apartments in Atlanta. If you are looking for apartments in Atlanta, Anne's informative advice and knowledge of the area will help anyone. Anne Harvester's top article generates over 60500 views. to your Favourites.
Julian Bryce has sinced written about articles on various topics from Real Estate, Home and Destinations. For more info on , , or. Julian Bryce's top article generates over 246000 views. to your Favourites.
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