New Orleans, LA
“New Orleans is an old city – in 2018 we celebrated our 300th anniversary,” says realtor and property manager Carolyn Freeman of Dorian Bennett Sotheby’s International Realty. “People love the charm and character of living in an older New Orleans home”. So much that the rate for single homeownership went up from 35.15% in 2015 to 38.96% in 2019. In addition, the median housing cost per month is $1,164 for most homeowners and $1,683 for homeowners with a mortgage.
New Orleans residents might be thrilled by the charm and uniqueness of old homes but future homeowners should watch out for these 14 Costly Problems of Old Homes.