For a long time, it has seemed to people of average income that all the new houses being constructed are very large and expensive, with more than 2,000 sq. ft. and more rooms than a young couple starting out could possibly need. It seemed impossible to actually buy a new starter home. Home Builders in Weston WI have taken note of the demand for more modest homes and have taken some of the spotlight off of the grandiose houses that have become so prevalent in recent decades.
Features
Just because a young couple would like a smaller house to start with doesn’t mean they are willing to skimp on quality. They want this abode to have excellent features and attention to detail. Top-notch Home Builders in Weston WI respond to these desires by constructing houses with ranch and 1-1/2 story floor plans. Sizing runs from around 1,300 to 1,600 sq. ft. for a three-bedroom, 1-1/2 bath house with a living room, and a combined kitchen and dining area.
Other Options
Young adults who could only afford a new house in this size previously might have had significant trouble finding something suitable. Their other options would be to buy an older home or continue renting an apartment. Fortunately, home builders such as Larry Meyer Construction Co. LLC. began recognizing this untapped market and responding accordingly.
Considerations
For many years, the residential real estate market was fairly stagnant in this area, with certain exceptions. After the housing market implosion, many people were wary of getting into a mortgage and banks were wary of lending money to anyone except fully-established customers. That meant wealthier individuals and couples could be approved for mortgages on huge homes, while the more average-income area residents were not so fortunate.
Affordability
A new starter home might be defined as one that is in the bottom 30 percent or so of new housing prices. In some areas, even those prices are prohibitive for people who have only been full-time in the workforce for less than 10 years. In central Wisconsin, however, real estate is generally quite affordable. Visit the website to learn about one particular home building contractor.
