House to Home

The Shared Wall: Duplex 101

Posted by Morgan Saylor on 8/16/16 8:30 PM

Many new home buyers are considering investment properties, such as duplexes, to live in one unit and rent the other. Here are some things to know about duplexes before making the leap to landlord!

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Topics: Property, investment, Buying, homebuying, home buying, duplex

College Student Home Buying

Posted by Morgan Saylor on 8/10/16 9:00 PM

A new trend developing, thanks to the cost of dorm life, has some college-student parents considering buying a house for their kids to live in during their college days.

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Topics: Market, Home Buyer, Property, investment, home buying, college

Big Home, Small Lot?

Posted by Amy Patterson on 10/13/15 4:40 PM

According to a recent article by Zillow, homes in the U.S. are growing in size, while the lots on which they sit are shrinking. Data from the late ‘90s shows that the median size of a single-family home in the U.S. has grown by 24% – going from about 2,100 square feet to 2,600 between 1999 and 2014.

However, the lots these expanded homes are sitting on have shrunk by about 10% in the same period – going from 9,600 square feet to 8,600 in the same time frame.

To put this information in an equation that is relative to a specific home size, in 2000, homes had approximately three square feet of lot space per every one foot of indoor home space, however, in 2014, that number dropped to about two square feet of lot per foot of indoor space.

According to Zillow Chief Economist, Svenja Gudell, this trend meets a compromise between builders and homebuyers – specifically, a compromise between what builders can profitably supply (within a close proximity to job hubs) and what homeowners want – bigger homes (and a willingness to accept a smaller lot space).

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Topics: Homeowners, Home Loans, Market, Real Estate, Home Sales, Home Value, Home Buyer, Property, Home Size, Lot Size, Mortgage Market

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