The REAL shift: New Construction in Nice Urban Neighborhoods | Teardowns and Whole House Remodeling

A shift has taken place in our real estate market. Not the shift you might be thinking. Today’s urban neighborhoods are being redeveloped as older homes succumb to new construction and whole house remodels. This trend radically changes the buying and selling dynamic, as land and structure values must now be valued independently. This change effect all buyers and sellers regardless of price rangeand the key to makeing a smart real estate decession is understanding the trends, patters, and pricing in these areas.

It’s no surprise this trend has taken root. For years now, good schools, safety, low taxes, commute times, convenience, and real neighborhoods have been drawing weary suburban dwellers back to the city, back to the best areas of the “sustainable urban core”. The demand for these primier neighborhoods brings in developers and builders working on spec tearing down and building new. Individual owners, the private citizen is also responsiable for a great deal of these developments.

It's not just the rather well to do who need to be aware of this shift. Everyone, regardless of price point, can take advantage of this trend. First time Buyers for example looking for an entry level home should be buying into development patterns, and looking at land prices. Buying the right “starter home” could end up being transformed into your “dream home” idown the road. Of course move-up buyers and downsizing buyers can ride this trend as well by understanding the price ranges and finish levels best suited to their neighborhood market.

And Sellers, you’ve the best opportunity of all. Have you considered selling your home as a “to be built” home? Working with the right realtor, and builder, you might be able to transform your current home, from what it is today, into a perfect fit for today’s market and today’s buyer. You don’t necessary have to complete the renovations. With the right builder/realtor team you can sell the home as a “to be built” project. It does take a New Construction sales skill, because your selling an intangible product and most realtors are use to selling a product their client can touch and see. So choose well.

Lower price ranges are suffering long market times and falling prices. Meanwhile higher price points are selling as well as ever. Sellers of homes in Edina, Southwest Minneapolis, Golden Valley and St. Louis Park should all consider their options. Working with a builder who’s successful in the current market who has examples of their work available, and a realtor who can develop trust and confidence in the project, you can transform your home from an OK product into a “perfect fit” for the current market, sell it fast, and for a higher net proceeds in most cases.

Todays quality neighborhoods, closer into the city, area a dynamic and every changing market place. Homes at just about every price range, style, and condition can be found. Making a smart choice about what to buy, and how to sell, requiers a comprehensive knowledge of the areas price celings, land values, and development patters.