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BR Neighborhoods/Area worth investment
Posted on 1/3/18 at 5:53 pm
Posted on 1/3/18 at 5:53 pm
Need to move to BR from Nola for about two years while SO finishes up residency program.
Area looking: South of 10 between College and preferably no further south than Siegen bounded by Highland. Budget of $450k which would include any reno needed. Have extensive experience in reno so no issues with a house needing some work - if not serious work.
A number of houses on the web meet this description but neither of us have any experience with the BR market. Any insight TD?
Area looking: South of 10 between College and preferably no further south than Siegen bounded by Highland. Budget of $450k which would include any reno needed. Have extensive experience in reno so no issues with a house needing some work - if not serious work.
A number of houses on the web meet this description but neither of us have any experience with the BR market. Any insight TD?
8
Posted on 1/3/18 at 6:21 pm to DriverWedge3putt
quote:
Need to move to BR from Nola for about two years while SO finishes up residency program.
Area looking: South of 10 between College and preferably no further south than Siegen bounded by Highland. Budget of $450k which would include any reno needed. Have extensive experience in reno so no issues with a house needing some work - if not serious work.
A number of houses on the web meet this description but neither of us have any experience with the BR market. Any insight TD?
If you're looking for an investment property I wouldn't spend that much. Riverbend and Riverbend Landing are two neighborhoods that I know of that people have bought houses in as rentals or kept a couple of years and sold for profit. Others can probably give you better info.
Posted on 1/3/18 at 6:50 pm to DriverWedge3putt
Some of the ones I like are Woodgate, Woodridge, Lakeside, University Hills. Here is a link from C.J. Brown with a listing of BR Subdivisions. CJ Brown Subdivisions
There is one listing I really, really like in Settlement at Willow Grove, but it's listed for $495,000. It's move in ready. Hope this helps you out.
There is one listing I really, really like in Settlement at Willow Grove, but it's listed for $495,000. It's move in ready. Hope this helps you out.
Posted on 1/3/18 at 7:40 pm to DriverWedge3putt
quote:
Need to move to BR from Nola for about two years while SO finishes up residency program.
Do you think it would make sense to buy if you're only here for two years?
quote:
Have extensive experience in reno so no issues with a house needing some work - if not serious work.
With not wanting to do serious work, I don't think you'd be making any money on a house. You'd have to get a hell of a deal, put a little work into it, then hope the market is right when it's time to sell in two years.
But, I'm certainly not a real estate guru.
Posted on 1/3/18 at 8:12 pm to lnomm34
Hence why I’m asking if it’s worth it. I have extensive real estate experience in NOLA but everyone here I know doesn’t have much to say about BR. Last person I want to talk to would be an agent for obvious reasons.
I have no issues with buying a house that needs to be gutted, would prefer just to know everything is in good shape. Majority of the houses I’ve seen have 8/9 ft ceilings which is crazy low to what I’m used to seeing. Then again, I don’t know if making a major change to a house like that has added value in any neighbor hood that isn’t cookie cutter-esk. Few homes around Perkins Rowe and Lee area are all zero lot lines and asking 800k+ which I find laughable.
I have no issues with buying a house that needs to be gutted, would prefer just to know everything is in good shape. Majority of the houses I’ve seen have 8/9 ft ceilings which is crazy low to what I’m used to seeing. Then again, I don’t know if making a major change to a house like that has added value in any neighbor hood that isn’t cookie cutter-esk. Few homes around Perkins Rowe and Lee area are all zero lot lines and asking 800k+ which I find laughable.
Posted on 1/3/18 at 9:33 pm to DriverWedge3putt
Check out Oak Hills. You might find a deal if you are willing to do a huge renovation. There are a couple for sale that have been sitting a while and asking prices have been coming down.
Houses in that neighborhood are older and in need of renovation. But thr lots are huge, the houses are solid, and the square footage is there.
Sellers are generally older (lots of them are original owners) so their houses have been paid off for a long long time. The houses need to be updated, but the location is awesome and there might be value there if you find the right deal.
Houses in that neighborhood are older and in need of renovation. But thr lots are huge, the houses are solid, and the square footage is there.
Sellers are generally older (lots of them are original owners) so their houses have been paid off for a long long time. The houses need to be updated, but the location is awesome and there might be value there if you find the right deal.
This post was edited on 1/3/18 at 9:35 pm
Posted on 1/4/18 at 12:51 am to DriverWedge3putt
quote:
. Few homes around Perkins Rowe and Lee area are all zero lot lines and asking 800k+ which I find laughable.
This would mean you need to have a better knowledge of the market in the area.
Posted on 1/4/18 at 12:48 pm to DriverWedge3putt
I know this isnt in the area you listed, but it may be worth looking around Old Goodwood or Capitol Heights. You may be able to find an estate or a small place with a lot of land that could be perfect for a renovation.
It would be more centrally located and in an area where values are only going up.
It would be more centrally located and in an area where values are only going up.
quote:
This would mean you need to have a better knowledge of the market in the area.
This post was edited on 1/4/18 at 12:49 pm
Posted on 1/4/18 at 1:21 pm to DriverWedge3putt
the problem with your move is the short time period. The baton rouge market was at it's peak last year. Home values are starting to level off and i don't look for a lot of value gains in the next couple of years due the sky rocketing prices of the last 5 years. if you are looking to turn any sort of profit you will want to go with a house that needs updating or renovation work.
Posted on 1/4/18 at 1:51 pm to TigerRob20
quote:
know this isnt in the area you listed, but it may be worth looking around Old Goodwood or Capitol Heights. You may be able to find an estate or a small place with a lot of land that could be perfect for a renovation.
At his price point he’s not going to find something in Goodwood. CH will be smaller lots/houses. Very few in CH over 1,800 sqft.
Posted on 1/4/18 at 2:47 pm to DriverWedge3putt
Look at Live Oak Estates off of Highland between Highland Road Park and the Country Club of Louisiana. A couple of LSU coaches live in there. All homes are custom built. You can sometimes find one in your price range.
Posted on 1/4/18 at 3:29 pm to LSURussian
College town is nice too
Posted on 1/4/18 at 3:44 pm to DriverWedge3putt
I would think Kenilworth/Pollard area. Original owners are starting to sell and a lot of houses are being flipped in these two neighborhoods.
Posted on 1/4/18 at 3:47 pm to anewguy
quote:
I would think Kenilworth/Pollard area. Original owners are starting to sell and a lot of houses are being flipped in these two neighborhoods.
Yep. My suggestion would be Kenilworth, Tara, Pollard, or Oak Hills.
Posted on 1/4/18 at 7:57 pm to DriverWedge3putt
Check out something on Ontario. I think it’s odd of North Acadian by Dalton Elementary.
Posted on 1/5/18 at 10:28 am to Golfer
Jefferson Terrace wouldn’t be a bad area to look, I’ve seen some people make a solid profit after renovating in there. It’s a great location, quick access to I-10 and 12.
Posted on 1/5/18 at 10:57 am to BilJ
Yeah forgot to include Jefferson Terrace. We’re actually beginning the process of gutting and renovating a house in Tara. The prices, lot size, and general shape of most of the homes are too good to pass up.
Posted on 1/5/18 at 11:42 am to Golfer
Westminster/Acadian Place/Inniswold was my first instinct due to its proximity to both 10 & 12 and not all the way into BR. Roughly 70 minutes door to door for us from BR to Nola if need be.
Appreciate everyone's input.
Appreciate everyone's input.
Posted on 1/5/18 at 11:53 am to Golfer
Don't mind me asking but are you able to recoup majority of your investment? I struggle to see where 90% of the houses *in any one area* are all $xxx/sq ft, come in drop $40-60k in reno, and command $50-65+xxx/sq ft post reno?
Posted on 1/5/18 at 11:57 am to DriverWedge3putt
quote:
Don't mind me asking but are you able to recoup majority of your investment? I struggle to see where 90% of the houses *in any one area* are all $xxx/sq ft, come in drop $40-60k in reno, and command $50-65+xxx/sq ft post reno?
I haven't seen many house flippers, unless they're getting good deals. Most are doing these to move into and live themselves. For instance, an Aloysius family that can't spring for a large house in Southdowns/Rouzan is going after the 2500 square foot house in Pollard or Kenilworth that's $200k cheaper and putting $100k of reno.
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