Atlanta Buckhead condo vs. townhouse?

[Megan Y.]

I am looking to buy something in the Buckhead or near surrounding area, preferably ~10mins from the Lenox mall..

Any insight into 1-2 bedroom condos vs. townhomes in Buckhead? 

I want to live there for a few years, but will most likely rent it out afterward, so a cap rate is also something to consider, as well as HOA rules.

Recommendation of specific places are also welcomed!!

Thanks everyone! 

[Ryan Johnston]

Hi @Megan Y.

I do a lot of my business in Buckhead and can answer any questions you have.  The tough part really comes to the HOAs and association fees.  Is there a budget you would like to stay within?  Almost all of the buildings have rental caps and have waiting lists that are multi year long.  Lindbergh is a good buy into the area with close proximity to everything but if you want to specifically target the Lenox Mall area that will change buying power.  Feel free to send me a message with any specific questions you have on the area or buildings.  Narrowing it down to either condo or townhouse will help a lot with your search.  The condos that don't have rental restrictions have turned into hotels and AirBnB spots which doesn't help resale.  The townhouse would most likely be better for a rental or resale return, we are pretty much back at pre-recession pricing levels.