5,027,077
Each buyer has their own particular needs. As the population ages we see more interested in building a second home on their properties to care for parents. There will be a continued need for that and some parts of the country will see more of this being built. It's just like in Texas a pool is a real advantage to have installed in a colder climate not so much.
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Kathleen Daniels, Prob...
San Jose, CA
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Allie Angeloni
Oro Valley, AZ
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Tony and Suzanne Marri...
Scottsdale, AZ
5,583,328
if there's another buildable lot to be parceled off from the existing one, it's a bonus.... if it's already parceled off and the owner wants to sell it in one sale, that too is a bonus if purchased by someone who needs to build on a contiguous lot....a small builder or a homeowner who has a family member that needs to be constantly cared for....
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Carol Williams
Wenatchee, WA
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Nina Hollander, Broker
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Allie Angeloni
Oro Valley, AZ
913,468
It depends. If buyers plan to stay put, have kids, and prefer that their elderly relatives live with them until they die instead of paying for assisted living, then it is very important.
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Nina Hollander, Broker
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
152,661
If that is what the buyer is looking for, it sounds like it would rank very high.
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Nina Hollander, Broker
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
1,206,261
It is quite like having a pool installed if the buyer wants that options it makes sense. If not it is worthless.
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Kathleen Daniels, Prob...
San Jose, CA
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Debbie Gartner
White Plains, NY
6,417,434
Good question Neil, I believe that Debb Janes EcoBroker and Bernie Stea JD has done some work with the concept of putting a second home next to the primary home. I believe they are called "mother in law homes".
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Lyn Sims
Schaumburg, IL
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Bob Crane
Stevens Point, WI
634,532
It depends on what a buyer wants. Here on Kauai many buyers search for properties where a second unit is possible. They come at a premium but the possible additional income makes them worth it.
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Allie Angeloni
Oro Valley, AZ
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Bob Crane
Stevens Point, WI
4,582,184
This is not a top priority for most of my clients today -- finding a home is still the challenge.
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Nina Hollander, Broker
Charlotte, NC
3,349,404
Like anything else ... it depends on the buyers needs. It does not rank high in my area with the buyers I work with.
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Nina Hollander, Broker
Charlotte, NC
4,272,934
Most of my clients want bigger lots for privacy.
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Paul S. Henderson, REA...
Tacoma, WA
991,252
It's buyers choice, however selling one like that is another story!
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Nina Hollander, Broker
Charlotte, NC
1,617,916
I believe it depends on the area if land is available in the first place.
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Nina Hollander, Broker
Charlotte, NC
2,375,694
2,784,566
It is not a primary mover necessarily when purchasing but during the ownership and when it comes time to sell it becomes very important.
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Nina Hollander, Broker
Charlotte, NC
7,863,184
Zoning would prohibit this in most of our market.
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Nina Hollander, Broker
Charlotte, NC
1,231,853
Certainly not in any of the subdivisions or communities within Erie County, PA. In thirty years I have never had buyers looking for this type of property.
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Nina Hollander, Broker
Charlotte, NC
1,846,901
Zero. I am assuming you might mean the trend of Granny Pods? Small home/guest house out back for Mom & Dad.
Seems like a ridiculous question to peruse.
Actually Corine is right, no village is currently going to allow it.
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Nina Hollander, Broker
Charlotte, NC
1,390,113
It's rarely a need and occassionally a plus - particularly for people buying for 3 generations.
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Allie Angeloni
Oro Valley, AZ
4,900,966
4,434,177
It depends on why the buyer wants to do it.
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Allie Angeloni
Oro Valley, AZ
2,684,569
Depends on the Buyer. For example, adult children with senior citizen parents may want two houses on the same acreage.
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Allie Angeloni
Oro Valley, AZ
1,157,791
It depends upon the particular buyer.
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Nina Hollander, Broker
Charlotte, NC
5,935
Thank you all for the input thus far;it's all been very interesting and informative.
The question is partially based on a listing I have in Austin, Texas at 1906 Ullrich Ave., 78756. The house is a beach bungalow and it's on a great 1/4 acre lot, I currently priced at $406,000, several offers have been submitted but none have stuck (nothing property or house related) they failed to go to close do two job losses and one case of indecision. If your looking into Austin, and you have someone looking; it's a 2/1 with solar panels and 1361(ft)2 on superbly located and huge for Austin .257 acre lot. Keep the comments coming, active rain is a very cool site!
Neil Lubell
3,741,885
It depends. We are seeing more multi-generational families who really value a second living space someplace on the property.
3,988,013
Many buyers like to think they can add on to the house later and though it is a mental game it helps them move forward and buy.
1,728,156
2,187,587
4,800,132
4,960,460
1,506,013
1,241,754
detached or attached in law quarter? We have people add an finished basement (1500+1500 sf) with separate entrance. The buyers balk at the claim it is a 3000 sf home.
5,112,471
Haven't seen this issue come up in 25 years. I've had families build next door to each other, however.
290,969
It could be a huge factor, or it could not even be in the equation Neil Lubell. Here, when different generations can live together, it could be for extended family or grandparents, or with families, it could be a casista for inlaws or young adults.
1,553,319
Average buyer, it comes up in about 40-60% of my conversations. More as a pacifier on how small a starter home their budget buys.
Investors, often that's the only land (lot use) we search for.
3,416,038
Near the bottom from my area. Most buyers are searching a mix of location, price, condition, style, size, garage, basement and lot size. WIth so many choices, buyers look for homes already enlarged.
3,071,489
2,817,727
Yes, Peter Mohylsky said it perfectly.
Overall, I'd say a low percent care abt this, esp at time of purchase. Usually people buy what they want/need and can afford. Most don't have extra money to build an addition or 2nd home at time of purchase or shortly thereafter (although I have a had a few customers that have done this...they tend to be the higher end buyers since they have capital and they are buying in high end towns where real estate is at a premium.
More often, the need to expand happens later...if/when they have more kids or aging family members. If they know up front they have this need, they'll try to find a place that accomodates their current needs, esp as this can be wrapped up in mortgage.