Home of the future... is a blast from the Past... Build it and they will Buy!

By
Real Estate Agent with Cassidon Realty

Do you remember the Kevin Costner movie where he built the baseball field out in the corn field and dramatically the players appeared. Is there a home that if we build it and market it the buyers will come?

Today's Flop in my market...

  • Massive Colonial 
  • All the bells and whistles
  • Little bigger than the Jones next door
  • 3000 square feet or more
  • Big Price and Big Taxes
  • Yes just a few short years ago this was the house to buy,build, and everyone wanted one!

Today's Home that is selling...

  • efficient ... smaller utilities, smaller taxes, smaller home...People want to downsize from the Colonial to the Rancher or Bi-Level
  • economical .... In my neck of the woods that price is hovering right around $200,000 and is approximately 1500 to 2000 square feet.
  • Expandable... People want the basement or room above the garage where they can add on if needed.

I believe the folks that are buying and building include first-time homebuyers and the downsizers... So my plan is encourage my builders building spec homes to build the ranchers,the bi-levels, that are smaller can be expanded but right now they are affordable. How about your area? Build what they need and want and they will come! People will always need a roof over thier head... Realtors will always be needed to help renters, builders, folks reselling! We just need to evolve as the market dictates.

 

Comments (3)

Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

And they want a good "Walk Score" . . . close to shops, markets, movie theatres! 

Nov 30, 2009 06:49 PM
Sara Woolford & Steve Golson, ALHS
iTexas Realty Co. - San Antonio, TX

Hi Mark-  A lot of agents are talking about what will be the new "big" thing.  Smaller definitely looks like an improvement in many markets.  Here in Texas, bigger still rules the roost.  --Sara in SAn Antonio

Nov 30, 2009 07:36 PM
Mark VanBuskirk
Cassidon Realty - Lehighton, PA
PA REALTOR Specializing in Carbon & Monroe County

Yes I hear in Texas they refuse to say we are in a recession! Great place to be! Keep on Drilling the American Dream!

Nov 30, 2009 07:59 PM