Atlanta has frequently made news, in both the local and national press, about it’s sky-high water bills. Though many residents were faced with inaccurate bills, even accurate bills are high, as Atlanta’s water rates themselves are among the highest in the country. Why? The water rates have mushroomed in recent years in order to help pay for the Clean Water Atlanta Program, a $4 billion federally mandated overhaul of the City’s aging and deteriorated sewer systems. So what can an Atlantan do to conserve water (and therefore money)?
As mentioned in a previous blog post, Atlanta has some fine public schools. But, like most other cities, there are also those that are underperforming. This has a predictable effect on people’s behavior, both in terms of real estate as well as the attendance of the schools. Home buyers are attracted to the Intown Atlanta and Buckhead neighborhoods that have the best schools in Atlanta. This bolsters home values in those neighborhoods, but also leads to overcrowding in those schools. This overcrowding is exacerbated by the 61% surge of young professionals living in Intown Atlanta. In decades past, most young couples would move to the ‘burbs when they settled down. Now many of them are staying intown. Meanwhile, other schools end up under capacity. Simple solution; just move kids from the overcrowded schools to those that are under capacity, right? Not so fast.
Now that we have a kid on the way, we sometimes hear some of our our suburban friends say, “Well, now you have to move to the 'burbs!” We actually had one friend-of-a-friend stridently exclaim, “You can’t raise kids in the city!” (Gasp!) Oh really? Why’s that? Of course everyone has their biases, but putting those aside, the subject that often seems to come up is schools. Some of the more “open minded” suburbanites would concede that it might be OK to raise kids in the city, but one would have to send their kids to private school. But is this true? Are there really no good public schools in the city of Atlanta?
Of course we all know that neighborhoods are important for many reasons; friendly neighbors, community support, etc. And we all know there are many reasons to choose a particular neighborhood; location, style, affordability, etc. However, from the perspective of your wallet, there’s another important benefit the right neighborhood can provide; price stability.
In our experience selling homes, we often find that a person’s perception of their home’s value often differs from the reality of the marketplace. There are number of reasons for this, from psychological factors to simple misconceptions about market value. In this article we will discus these issues as well as how best to determine an accurate selling price.
Intown Elite is an independent boutique real estate brokerage firm specializing in Intown Atlanta properties. Intown Elite is owned and operated by husband and wife team Tina and Mike McGee
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