How Builders Are Keeping Up With the Economy
It seems that everyone in the real estate business is changing their game up to keep up with the market. Many realtors are marketing more than ever, trying new methods for selling their homes and also trying new ways of remodeling homes for a higher sale price. However realtors aren’t the only ones in the business stepping up their game, builders have also jumped on the bandwagon. And with the low inventory the market is currently experiencing many builders have increased their productivity as well as changing how they build homes.
Here is a list of some of the things builders have incorporated into their projects due to the economy.
Energy Efficiency: with fuel costs on the rise contractors are now making their homes more energy efficient and more weather tight to help keep the cost of living down. Many builders are also including wood stoves and solar panels to this list.
Green Features: To go along with solar panels to help save energy many home products manufacturers are creating greener low emissivity windows, water conserving faucets, toilets and showers and are creating products with more recycled material.
More affordable material and space: It wasn’t too long ago that the median price of a home was about $250 thousand and it has now dropped to $210 thousand, give or take some change. Builders have responded to this change by cutting costs and sizes of homes. By decreasing square footage and using less expensive materials builders have been able to stick with the times. They have accomplished this by having simpler designs, narrowing hallways, built-in shelving and cutting down on voluminous spaces like vaulted ceilinged living rooms.
More separate suites: These little in-law suites are popping up in new homes across the boards. These tend to have a separate entrance and include a bedroom, an adjoining bathroom and a kitchenette. The benefits of having a suite like this are renting purposes, if family needs a place to live for a while or an office space. Obviously renting this space is optimum, but there are plenty of extra options for a space like this.
These are just a few of the ways independent contractors and construction companies have been keeping up with the real estate market and economy of today. Goes to show that homes are still affordable even when they’re new. If you’re in need of expert real estate advice or more tips like these don’t hesitate to give me a call at Sun Pacific Mortgage and Real Estate or visit our website for more information.
Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate. Serving Sonoma County since 1988. Her number is (707)523-2099 and you can also visit our redesigned website at http://www.sunpacmortgage.com Also be sure to like us on facebook! Click this link!