Tips on buying a new home in atlanta,
Atlanta, GA - New Home Market Profile
National magazines rank Atlanta, GA as one of the best places to live, work, and play. Not only that, but it's earned its name as "Business capital of the Southeast," a city with one of the lowest costs of doing business in the country. A rapidly growing city, the Atlanta metropolitan area grew 20.5% between 2000 and 2006, making it the highest percentage growth city amongst top-ten metro areas. Atlanta neighborhoods bear a small community atmosphere. Despite rapid growth and urban renewal, the communities still manage to preserve their original appeal.
Atlanta makes home to an array of museums with history, fine arts, and more prominently sites that honor Atlanta's participation in the civil rights movement. Also, more than 30 institutions of higher education are located in the city - most notably, Georgia Institute of Technology, the nation's 7th best public school and 35th best overall university. The world's largest aquarium, the Georgia Aquarium, features more aquatic life than can be found in any other aquarium. Atlanta also makes place for a booming music industry with many famous hip-hop and R&B artists such as Jermaine Dupri and Outkast.
Population (year 2000): 416,474
Estimated median household income in 2005: $39,752 (it was $34,770 in 2000)
Climate: humid subtropical climate, with hot, humid summers and chilly (but not extreme) winters by the standards of the United States.
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Atlanta Real Estate Zindex (Provided By Zillow.com):
- Atlanta: $203,575
- Georgia: $137,998
- United States: $254,569
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Most common industries for males:
- Professional, scientific, and technical services (13%)
- Construction (9%)
- Accommodation and food services (8%)
- Educational services (6%)
- Administrative and support and waste management services (5%)
- Finance and insurance (5%)
- Health care (4%)
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Most common industries for females:
- Educational services (11%)
- Professional, scientific, and technical services (10%)
- Health care (10%)
- Accommodation and food services (9%)
- Public administration (6%)
- Finance and insurance (5%)
- Administrative and support and waste management services (5%)
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Buying New Makes Sense
One quick glance at today's headlines, and it's no wonder that, as concerned consumers, we're pinching pennies more than ever. In a recent survey conducted by HSBC Bank USA, 64 percent of us plan to cut unnecessary spending this year. And, in a similar survey by Discover Financial Services, about half of consumers plan to cut down on such non-essential spending as dinners out and movies - even remodeling.
Still, when it comes to buying a house - something that many consumers are doing because of the many good deals to be had in a slow market - most of us prefer new. Even better, buying a new home also makes good financial sense. New homes offer countless advantages for consumers when it comes to saving money. Perhaps the biggest plus is that, since they're brand-new, the maintenance headaches that often accompany maintenance - as with older homes - simply don?t exist, and won't for a while.
New homes also use the latest in whole-house systems, like heating and air conditioning, so they're not likely to break down, saving consumers money. They're also more energy-efficient, which is also good for saving lots of green. Speaking of green, with interest rates that aren?t too far away from historic lows (just over 6 percent for a 30-year fixed mortgage as of March 11), consumers can also save money on new home mortgages. And, since mortgage interest and real estate taxes are deductible, it's another way to save money by buying a new home, especially when it comes to tax time.
Click here to read more about "Why You Should Buy New".