The median size of completed homes last year hit a new record of 2,415 square feet; in fact, home sizes grew in every year between 1995 and 2007, according to the Commerce Department. Home builders have been competing primarily for affluent buyers, and the rise in home size matches the tastes of this demographic. Case in point: builders sold slightly more homes priced above $400,000 than those priced below $200,000 for the first time ever last year.
By 2030 one out of every five people in the U.S. will be 65-plus. With baby boomers retiring and becoming older, will older homeowners have to purchase specifically designed accessible homes? Thankfully not!
Increasing numbers of professional remodelers are changing up existing homes of older residents to accommodate accessibility needs. Universal features like walk-in showers and exterior ramps can be incorporated into many houses.
It often makes sense to remodel older residents’ current homes so that they are able to age comfortably without needing to move. Main floor master bedroom additions are wise changes; they can be used as a master suite from the get-go, or as guest quarters until needed by the homeowners. Ramps can be blended into the architecture and landscaping, and then they can accommodate a wheelchair or walker in the future. Wide doorways, no steps into the home, easy-to-open windows, lower counters, and so many other remodeling changes will make your home appealing and livable for a wide age- and accessibility-range of buyers and homeowners.
When it comes to home improvement it is easy to think big. As you look into your yard you can already envision the perfectly manicured lawn, breathtaking landscaping, renovated patio area, and a new outside BBQ area. However, when you look at the budget you have to work with your vision starts to slowly fade away and you begin to concentrate on more realistic goals.
How is it possibly for you to create that dream home on a tight budget? In many cases you are going to need to make some small sacrifices in square footage, quality, and special features. The following tips should provide you with plenty of ideas on how you keep your home improvement budget on track without compromising results: Continue reading →
“Construction is under way at a new apartment project in northern Escondido that will provide housing to low-income families and disabled veterans.
The 36-unit development, named Avocado Court, is expected to open in February, based on information from Community HousingWorks, a non-profit that provides affordable housing and is the builder of this project.
The community’s location is North Broadway and East El Norte Parkway, a corner the non-profit said was “vacant” and “blighted.” After the city of Escondido bought a site on that corner using $250,000 in government grant money, Community Housing Works picked up four surrounding parcels to make the future Avocado Court community, according to project details.
The North County Times reported the total cost of the project is $11.7 million, $3 million of which is from Escondido…”
There’s a lot of negative information and news about the real estate market, but not to worry–there is a brighter side to housing! In fact, there are nine reasons to be optimistic!
There’s been a lot of positive signs for a housing (and broader economic recovery) coming out lately. Here are nine reasons we might be looking at a better 2012 than 2011 in the residential construction market:
Unemployment dropped to its lowest point since 20092. Pending home sales up 10.3 percent in October