If you’re considering moving to a new state, city, or just investing in some real estate opportunities, Baton Rouge, Louisiana has a growing economy, jobs, many public and private schools, as well as lots of exciting and unique properties. There is something for everyone at this multicultural hub that will continue to grow and evolve for years to come.
Why Baton Rouge?
Baton Rouge is the second largest city in Louisiana, which means it is full of both commercial and residential opportunities. There are different types of properties available to suit both buyers and sellers. The city is not only very economically active, but many new high-rise condominiums and office buildings are currently being built.
What’s so special about Baton Rouge real estate?
Baton Rouge is a mix of historical and architectural treasures, as well as more modern counterparts. Whether you’re interested in renovating or restoring, Baton Rouge real estate offers many opportunities. Unique architecture and restored historic homes will often retain value better than newer properties. There will also always be a greater demand and a niche market for highly individualistic homes.
Is now a good time to buy?
Prices are coming down and sellers are ready and willing to negotiate. Right now is one of the best times to buy, especially for first-time homeowners who have a down payment or pre-approved loan. Not only will you walk away with a good offer, but you’ll have a better gauge of home value now that prices are no longer artificially inflated.
You’ll also have plenty of options and very little commitment to find what you want. Be prepared to negotiate and don’t be afraid to turn down unfair deals, as there are plenty of premium properties available.
Is it wise to invest in commercial property?
Yeah! Although the real estate market is struggling, there are many commercial property opportunities that continue to flourish. More people are selling their homes and choosing to rent. Rental properties, including single-family homes, apartments, and condos, will continue to increase in popularity until the market becomes more stable.
These types of property provide a steady stream of income and are a good investment. The city also attracts many students to its universities, making it an attractive market for real estate rentals. Baton Rouge also continues to grow economically, which means there will continue to be a demand for prime property locations in busy areas.
What are some good areas for real estate in Baton Rouge?
There are many ideal areas in Baton Rouge to purchase a home or commercial property. If you are looking to start a family, there are many neighborhoods located near universities, community colleges, technical institutes, as well as many private schools.
For students, there are also many rental opportunities in these areas. Investors will find these to be growing hotspots for investing in rental properties. Crime rates are relatively low citywide and property taxes are also lower than average, so there really aren’t any bad places to shop.
