In a market with lowered prices, homeowners and potential Charlotte home buyers wonder when the prices will go up. Nobody can be sure but the Bergstrom Center for Real Estate Studies at the University of Florida recently conducted a survey about real estate market potential.
Respondents expect housing pricing will stabilize then rise. Current conditions, such as lowered interest rates on mortgage loans, are increasing demand. The real estate market climb is expected to be steep and long as people wait for the job market to improve. Smaller Charlotte homes are being bought and built to minimize utility bills.
A small Charlotte home offers privacy without costly utility bills. Timothy Becker, center director for the Bergstrom Center, stated, “I think the energy crisis has got them thinking, ‘Do I really need something so big?’”
Shop around for a small Charlotte home and take advantage of the lower interest rates on mortgage loans. When the real estate market recovers, home prices will begin to rise again. Buying now gives you an opportunity to get a good price on a great Charlotte home.
If your budget for a quaint abode is around $500,000, check out an Historic 2 bedroom, 2 bath Dilworth home with a classic southern front porch, hardwoods and porcelain, 10′ ceilings, renovated kitchen, stainless appliances, updated plumbing and electrical, air conditioning, 2 fireplaces and a fenced garden backyard with a deck.
For those looking to spend closer to $250,000, consider a 3 bedroom, 1.5 bath Madison Park home with hardwood floors, kitchen with new ceramic tile, stainless appliances, 2 car garage with workshop area, hot tube with cover as part of deck, updated windows and new water heater on a fenced lot.
Home buyers with a budget around $150,000 will appreciate a 3 bedroom, 1 bath NoDa bungalow with creative style including newly refinished cabinets, breakfast bar with pendant light, huge laundry off the kitchen, original preserved hardwood floor and a big fenced backyard.
To find out more about an efficient, small Charlotte home of your own, contact Katie Gray at 704-560-9699 or email katie@katiegrayhomes.com.
