The Metropolitan Brokers Team has sold over 400 luxury condominiums in Nashville since 2004. Grantland (Grant) Hammond has represented more than 260 private clients and understands what it is to fully market and engage the marketplace. Brian Merrill has sold more than 160 condominiums on behalf of developers and is credited with engineering the turnaround at the Icon in the Gulch. Fueled by decades of experience selling a collection of Nashville’s finest properties, their combined experience and intimate knowledge of each development give their clients a distinct advantage in the marketplace.
THE CONDO LIFESTYLE
Ten years ago condominiums were almost nonexistent in downtown Nashville. Today, one out of every six properties sold is a high-rise or garden condominium. Condominiums are not a new form of housing, but one that is over 300 years old. Recently, condominiums have again become a very popular alternative to single family homes.
The reasons are very simple:
The condominium lifestyle offers amenities such as a concierge, swimming pool, gym, private parking, balcony, roof terrace, in-unit washer/dryers, individually controlled air conditioning and heating systems, and the latest state of the art kitchens. Most condos are just a few minutes walk from music and sports venues, restaurants, museums and boutique shopping.
Security in a condominium allows for peace-of-mind. Usually, security in a high-rise building is controlled by a 24-hour concierge and garage attendant. Access within the building often requires a key fob to operate elevators and to access common area elements. Most condominiums offer well-lit, controlled access parking garages for owners.
When interest rates increase or when the real estate market weakens, condominiums become more popular because of their affordability. Typically, the price per square feet of a condominium is higher than a single family home because the condominium does not have the land that a single family home offers. The cost efficiencies of condominium can save owners thousands of dollars over the long term. Repairs to the facility, upkeep of the grounds and other maintenance expenses are shared by all owners and the cost is spread throughout the building.
The maintenance features of condominiums are one of its best perks. Most of the larger buildings have a 24-hour maintenance staff, which can routinely attend to any emergency that occurs. When you are living in a single family home and a pipe breaks, you must call a repairman, and hopefully, within 24 hours, the problem can be corrected. When you live in a condominium, within 10 minutes a member of the maintenance staff can appear on the scene and quickly and efficiently solve the problem. When you are away for an extended period of time and there is a problem within your unit, the condominium management office can resolve the problem.