Atlanta Condos: The Condominium Market in Atlanta, Georgia

Atlanta condos have rocketed in popularity, offering accommodation to young professionals and small families without the expense of single family homes in the center of the city or even in the more expensive suburban districts.High rises condominium buildings are shooting up in Atlanta, the most prominent being the Trump Tower at 15th and West Peachtree Streets in Midtown Atlanta. Due to open its first phase in 2009, Trump Condos are designed for professionals seeking accommodation in mid Atlanta, and start at $400,000 rising to $1.3 million: many condos have already been sold. These exhibit the classical need for condos: centrally located, no worries about maintenance and security, and perfectly located for executive and corporate ownership. However, they are also ideal for city living, and are very attractive to young people and couples earning enough to afford them and that have no young families that demand a more rural or suburban location for their permanent home.But what about these families? Condos are available at lower prices than regular homes, and not everybody wants to have a front garden or backyard to look after, in which case an apartment or condo would be ideal for them: particularly a condo, where maintenance and upkeep of the external parts of the home are looked after for a monthly fee. At one time, there would only have been a few areas in Atlanta offering condos - in fact that would have been true of any city in the USA. Now, however, the concept of condominium agreements has appealed to the whole nation, and condos are appearing everywhere. It is not only new condo blocks that are being constructed, but old apartment blocks are being converted to a condominium, and renters have to either purchase or get out. This is the bad side of the condo revolution, although it is a way for apartment block owners to convert their investment and equity to hard cash, especially if they are nearing or at retirement age which is true of many such owners. Unfortunately, the renters have no option since the law requires condominium agreements to be a purchase and not a rental agreement.However, that aside, where in Atlanta are the best condos apart from the new constructions such as the Trump Tower? The best location varies according to the individual, and their reason for purchasing the condo. If you are a single man or woman looking for a home close to work, then that would obviously be close to one of the commercial centers. The same is true of an executive preferring to spend more time at work than traveling through traffic.