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Old 10-10-2007, 07:47 AM
 
Location: ga
985 posts, read 5,756,737 times
Reputation: 494

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There are two townhouse markets: Entry level and Luxury level.

One can get an entry level townhouse for 160,000 to 180,000 range (1900 square feet with garage) while Luxury townhouse costs between 250,000 to 300,000 (2500 square feet).

What I found is that Luxury townhouse is very tough market since it costs almost same as some existing houses as many folks said before.

However, for strict rental purpose, an entry townhouse is easy to rent than a house. 160,000 townhouse only needs $1300 to cover. A two bedrooms two bathrooms in apartment (1200 square feet) costs $1200 in this market. So it makes sense for some couples to spend extra $100 for extra room and maybe garage. On the other hand, 250,000 to 300,000 house or Luxury townhouse needs $1800 to $2000 to cover. That's big jump from $1200 market rate for two bedrooms. Also, people can just buy a house with that type of payment.

However, in term of appreciation, single house does better overall in the suburbs. So you need to run the number to figure out what to do.
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Old 10-10-2007, 01:12 PM
 
1 posts, read 2,381 times
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Hope you don't mind my piggybacking on your request for Greater Atlanta housing information. My wife and I will be retiring to the Loganville(Gwinett/Walton county) area in one year. Anyone out there with information on moderately priced ($300,000 range) golf course communities in either of those counties?
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Old 10-10-2007, 07:52 PM
 
9 posts, read 26,005 times
Reputation: 11
Quote:
Originally Posted by jxu66 View Post
There are two townhouse markets: Entry level and Luxury level.

One can get an entry level townhouse for 160,000 to 180,000 range (1900 square feet with garage) while Luxury townhouse costs between 250,000 to 300,000 (2500 square feet).

What I found is that Luxury townhouse is very tough market since it costs almost same as some existing houses as many folks said before.

However, for strict rental purpose, an entry townhouse is easy to rent than a house. 160,000 townhouse only needs $1300 to cover. A two bedrooms two bathrooms in apartment (1200 square feet) costs $1200 in this market. So it makes sense for some couples to spend extra $100 for extra room and maybe garage. On the other hand, 250,000 to 300,000 house or Luxury townhouse needs $1800 to $2000 to cover. That's big jump from $1200 market rate for two bedrooms. Also, people can just buy a house with that type of payment.

However, in term of appreciation, single house does better overall in the suburbs. So you need to run the number to figure out what to do.

You make a very good point. Thanks for this feedback.
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Old 10-10-2007, 07:55 PM
 
9 posts, read 26,005 times
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Our realtor showed us a John Weiland townhome. Are they worth the money? Do they have better appreciation than a non-John Weiland? Or is the name really overrated?
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Old 10-10-2007, 07:57 PM
 
9 posts, read 26,005 times
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Quote:
Originally Posted by dino144 View Post
Hope you don't mind my piggybacking on your request for Greater Atlanta housing information. My wife and I will be retiring to the Loganville(Gwinett/Walton county) area in one year. Anyone out there with information on moderately priced ($300,000 range) golf course communities in either of those counties?

Our realtor took us to one Golf community called Edinburgh (in the Gwinett Suwanee area, I think). It was very nice, but many homes were closer to 400K. There were a few $300K.
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Old 10-10-2007, 07:59 PM
 
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What about the Buford? Would you say the schools and environment are just as nice and family friendly as John's Creek, Duluth, and Suwanee
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Old 10-11-2007, 12:41 AM
 
9 posts, read 26,005 times
Reputation: 11
Quote:
Originally Posted by Go Blue 99 View Post
Suburban townhomes are not ideal for resale or appreciation. There is definitely a glut of luxury townhomes on the market (and still being built). I would only buy a townhome if inside the perimeter, where you have access to a lot of DINK couples.

What areas are technically considered "inside the perimeter"?
Thanks so much for the feedback
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Old 10-11-2007, 08:57 AM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
11,334 posts, read 26,074,740 times
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Quote:
Originally Posted by Ol-doc View Post
What areas are technically considered "inside the perimeter"?
Thanks so much for the feedback
Isn't any area inside the I-285 loop considered to be ITP?
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Old 01-28-2008, 03:46 PM
 
11 posts, read 53,426 times
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Ol-doc, I'm not sure what you mean when you say you are concerned re Weiland being "overrated". JD Powers ranks them as #1 and people request those homes when it comes to resales. I would not hesitate to buy one of his homes at all.
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Old 01-28-2008, 04:02 PM
 
Location: Mableton, GA USA (NW Atlanta suburb, 4 miles OTP)
11,334 posts, read 26,074,740 times
Reputation: 3995
Quote:
Originally Posted by MarySB View Post
Ol-doc, I'm not sure what you mean when you say you are concerned re Weiland being "overrated". JD Powers ranks them as #1 and people request those homes when it comes to resales. I would not hesitate to buy one of his homes at all.
Our John Wieland home is 20 years old now and built very well from what we've been able to determine in the 2 1/2 years we've been living in it.

I'm sure there's some variation in quality from subdivision to subdivision and probably also over time, but I've been very impressed with their handiwork. Then again, I'm just one data point.
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