When you're buying a "regular" home there's usually an ample selection of homes for sale. You might have to trade off a "nice to" to get one, but homes are out there.
Patio homes are different. Inventory even at its most plentiful is still very limited. There's a variety of reasons:
- Patio homes tend to be buy and hold. While typical homes might turnover ownership every 7 years or so, patio homes are often the owner's retirement home with no real intent of selling EVER. However, health reasons (or an unexpected move by the grandkids) can change those plans.
- Patio homes are a fairly recent addition to the Cincinnati housing market. Most patio home communities are well under 20 years in age.
- Patio homes tend to be smaller. While there are some larger ones like the 55+ community in Maineville, MOST tend to number well under 50 in total homes, and it is not uncommon for a community to be closer to 20 homes.
Take those factors into account and you have to consider if a new construction patio home makes sense (assuming you've got a 6-8 month lead time), or if you need to start your patio home search earlier than you would for a "normal" home due to the limited inventory.
Keep in mind that if you have VERY specific needs for location, price range or other features, the search may need extra time to find that perfect fit. Assuming this is meant to be a long term home for you, we want to make sure we get the RIGHT choice for your Cincinnati patio home.
Ready to talk details about buying a Cincinnati patio home? Please reach out to us at 513-520-5305 or Liz@LizSpear.com.
We look forward to hearing from you!
Serving Warren County area home buyers and sellers,
Liz and Bill aka BLiz