Let's look at what Native New Orleans and Newcomers want to know.
When a Native New Orleanian asks this questions, it's not for the same reasons as a newcomer. Native New Orleanians already have a feel for the culture and the unique attributes of each neighborhood.
For Natives and Newcomers, here's my advice:
Let's look at #1 What size and style of house you prefer? #2 Zoom in on the ones in your preferred budget. #3 Look at the long term life expectation of the house as it is.
#1 and 2 are probably simple enough but you might be asking, what do you mean by #3?
The life expectation of a property means, the roof, the major systems, like central air, the plumbing, foundation, and the current elevation of the property. As everyone knows, elevation is critical. Some properties are in areas that are already higher elevated than all surrounding areas, and those that are low lying in comparison, you'll want to know if that property is lifted high enough to avoid flooding damage.
How do we figure all of this out?
Myself and my insurance broker will figure out the elevation of the land and surrounding areas. The inspector will determine how high the property is elevated, as well as determining the condition of all the other factors listed above: foundation, roof, major systems and plumbing.
Remember we have Local Lifestyle tabs with images and more info on each area, as well as Jefferson Parish and Lafayette, LA
Now for the Newcomers, you'll need to know more about each neighborhood.
UNDERSTANDING THE CHANGES CAUSED BY THE NEW TAX BILL
(effective until 2025)
The new federal tax law took away some benefits of homeownership but gave real estate investors a gift they might not be aware of yet.
Owners of investment property — from mom and pop landlords to big-time real estate moguls — could get a federal tax deduction of up to 20 percent of their net rental income for tax years 2018 through 2025. Most people who own shares in real estate investment trusts can also deduct up to 20 percent of their ordinary REIT dividends.
For homeowners, the new tax law has reduced the mortgage interest and property tax deductions for some homeowners, but these new limits do not apply to interest and property taxes on income property. As a result, the new tax law increases deductions allowed for investors.
More importantly, real estate investors get
Jessica Bordelon, Agent,