When you buy a home, it is more than just a place to live — it’s also an investment. Naturally, you hope that when you eventually sell, you will be able to get a good return on that investment. Fortunately, in a hot market like Atlanta, there are plenty of neighborhoods seeing healthy increases in property values, thanks to the developing Atlanta BeltLine and other factors. If you are looking to buy a home in Atlanta with fantastic resale value, here are a few prime places to look for one.
Inman Park
First established in the late 1800s as Atlanta’s original “streetcar suburb,” Inman Park today is known for its historic Victorian-style residences and convenience — a trait set only to improve with the arrival of the BeltLine. While the neighborhood median price already exceeds $400,000, you can still find more affordable homes here, and the values are set to skyrocket in the next few years.
Old Fourth Ward
Rapid revitalization of this eclectic neighborhood has led to rapid price increases, as well — yet you can still find some entry-level homes for sale here, either small single family homes or newer townhomes and condos. However, even with median home values in the mid-$400s, nearly any home in this neighborhood should yield a great return on investment, if it is taken care of.
Virginia-Highland
Another historic Atlanta neighborhood to see a surge in popularity, Virginia-Highland was already the city’s most convenient neighborhood before the BeltLine — and now it is set to have some of the most in-demand real estate in the metro.
Midtown
You would not assume a neighborhood so close to Downtown would be either affordable or desirable — but Midtown is currently both, making it a boon for people looking for the urban lifestyle with great resale value. Luxury condos are the primary type of residence here, with easy convenience to plenty of shopping and dining — and now the BeltLine.
Cabbagetown
The site of an old textile factory, Cabbagetown is a wonderful haven for the eclectic spirit, offering lots of converted lofts and historic bungalows — but don’t let the industrial feel of this place fool you. Prices are on the rise here, too, and almost any home purchase will provide a good return within a few years.
These are just a few of the many Atlanta neighborhoods experiencing high resale values. To learn more about availability and prime neighborhoods in which to buy, call Atlanta Fine Homes Sotheby’s International Realty at 404.948.4812.