![]() Like most Americans, we don’t buy into the recent political push to do away with detached single family home neighborhoods. Where are the small detached homes buyers want? Those are the houses that need costly repairs, such as basement waterproofing, a new sewage line, foundation repairs, a new roof and siding, or a major landscape overhaul. And this sea of grey and white gets re-listed at a premium price.ĭozens of other existing homes sit on the market a long time. It’s the house-flipper’s smaller-home equivalent of brand new, builder-grade, cookie cutter homes. White kitchen cabinets, white bathrooms, waterproof wood-look floors, light grey paint on the walls, and pops of color in various shades of blue. The home gets a complete remodel with today’s trendy standard formula for quick resale. The ‘flip’ house, today’s ‘cookie cutter’ homeĪn older, outdated home, if it’s well-located, gets snapped up by a cash-buying house flipper. There’s huge demand, but a very limited supply. When a modestly-sized one-story “ranch” comes on the market, if it’s in good condition, it sells within days. And, in many cases, too much lawn to mow. Of the existing homes on the market, the majority are two-story or split level homes, many of them built between 1965-1985, and sized for growing families. Obviously, the townhouses are off our list. 20-30 year-old townhouse-condos with deferred maintenance and high HOA fees, or.In our target locations, our only home buying choices are: But for ‘newer’ construction, there are far fewer non-HOA options. still has many existing home options to avoid an HOA. Unlike other parts of the country, the northeast U.S. Priority number one: No HOA fees, no condo fees, and no common interest. Having done so before, we’re not willing to buy into another HOA-governed community with common ownership of lands or “amenities.” Most importantly, we want a small home located on a small piece of land that we own, free from onerous deed restrictions. We’re definitely not interested in leasing the land beneath our home! That excludes mobile or modular homes, a housing sector that is increasingly controlled by corporate landlords. ![]() ![]() Like most home buyers in the U.S, we’re also looking for a price point at or below the median price for our market.Īlso, we’re looking for a house that will retain its value. homebuyers, we are looking for detached housing only. It could be 2 or 3 bedrooms, preferably with 2 baths, maybe 1,200-1,400 square feet. ![]() We’d like to buy a new or nearly-new one-story home. HOA industry makes its case for affordable “attainable” housingħ things to consider before buying a townhouse We’d like to downsize, but we’re definitely not interested in a condo or townhouse, for dozens of reasons already explained in previous articles on this website. We no longer need a large house or a big back yard. home buyers, my husband and I are near retirement age.
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