Investing in historic property in the French Quarter as your vacation home could keep you coming back to the city you love and save you money on hotels.
Do you love New Orleans? Investing in a second home in the historic French Quarter could yield high returns and save you money on hotels.
Would you like to live in a 300-year-old National Historic Landmark once named the number-one place to visit by the New York Times? If you’ve already visited — for work or pleasure (food, music, charm, the list goes on) and fell in love — chances are you’d want to keep coming back.
Staying in a hotel can get expensive, however. The good news is, the recent crackdown on the short-term rentals in the French Quarter is shaking up the real estate market in the city’s priciest neighborhood, as more houses and condos are available for sale, dragging down prices.
Fewer properties slated for occasional use as Airbnb short-term rentals mean that more long-term residents could call the French Quarter home. You could be in that number. And now is a good time to consider such move.
Not only could investing in a historic property mean high returns but a larger number of people are turning to New Orleans for a second home (or vacation home). Real estate as an investment is often a good idea to begin with — as long as you choose the right place to invest in — but historic properties, in particular, are what set New Orleans apart from many other, more modern real estate markets.
Three-centuries old and painstakingly preserved as a National Historic Landmark, the French Quarter is also undergoing renovation and a makeover of its many historic buildings and the infrastructure. From the ambitious renovation of Bourbon Street to the inside-out facelift of Jackson Brewery to the New Orleans condo boom leaving no neighborhood untouched — the French Quarter’s blighted and long-unoccupied properties are coming back to life. As new restaurants continue popping up in the area, roads are overhauled, and new streetcar lines are connecting more parts of the city to the French Quarter, there’s infrastructure to support the new development and the new residents.
Your investment in a French Quarter vacation home can strike the balance of being a smart financial decision and an excitement-driven purchase.
Owning a vacation home in the charming city of New Orleans isn’t just about making a profit; it’s about embracing the true essence of this vibrant city and saving money on accommodations during your visits. For those who have fallen in love with New Orleans and find themselves returning frequently for its food, music, and charm, owning a piece of this remarkable city is an enticing prospect.
While staying in hotels can quickly add up in expenses, the recent crackdown on short-term rentals in the French Quarter has created a unique opportunity in the real estate market. More houses and condos are now available for sale, leading to a drop in prices. Investing in a historic property here not only promises high returns but also opens the door to becoming a part of the neighborhood’s thriving community. With fewer properties being used as Airbnb short-term rentals, more residents can call the French Quarter their permanent home, and you could be one of them.
As you split your time between multiple locations throughout the year, you can not only save money but also call a very special place home. Allow yourself to enjoy the best of both worlds — own a piece of history in one of the oldest neighborhoods in America, and watch your investment grow equity at the same time.
Lafcadio Hearn famously wrote, “It is better to live here in sackcloth and ashes than to own the entire state of Ohio.” For 300 years, many of those flocking to the city either for work or its many pleasures agreed. And now, especially, the conditions are ripe for turning to New Orleans’ more historic neighborhoods for a vacation home. To help you choose the right place in the French Quarter to invest in AND call home — albeit part-time — consider enlisting the help of an experienced real estate professional.