Waterfront Condos Value: Tanners Landing vs. The Colonnades in Ghent

With the economy experiencing a slight recession, now is the time to be frugal with one’s expenditures. Nowhere does this philosophy come into play more than when choosing the right waterfront condominium in Norfolk.

With so many options, how does one know if they are getting the most bang for their housing buck?

One method of narrowing it down is to compare downtown Norfolk condos on their price per square foot. That is, how much you are paying to live there divided by the amount of square feet in the luxury condo in Norfolk.

The Colonnades in Ghent, a condo in downtown Norfolk, offers 2 different two-bedroom condo floor plans with a maximum square footage of 1324 square feet. The price of condos in The Colonnades in Ghent range up to $379,900, making the average cost/ sq. ft. for a two-bedroom at The Colonnades in Ghent around $287/ sq. ft. These Norfolk luxury condos in The Colonnades in Ghent do not offer waterfront living or boat slips.

Compare The Colonnades in Ghent to Tanners Landing, a beautiful VA waterfront condo situated on the Lynnhaven River. With 8 different two-bedroom condo configurations, Tanners Landing has a waterfront condo in Norfolk to suit all buyers’ needs. The largest two-bedroom is 1714 sq. ft. with a price $299,000. That means the average cost/ sq. ft. for these Norfolk waterfront condos is $175/ sq. foot; a much lower price and a much better value than The Colonnades in Ghent.

On top of the great price per square foot, Tanners Landing provides amenities that The Colonnades in Ghent does not, such as waterfront living in Norfolk, a spacious garage with owner-designated spaces, and the option for individual boat slips.

With the best value in Hampton Roads, Tanners Landing is the obvious choice for Norfolk condos. Contact them today to schedule a showing.