Building a New Home: What to Expect
If you’ve decided to build a new home instead of buying an existing one, you’re likely very excited about the opportunity to create a dream house that has everything you want while also meeting your budget.
2019 Housing Market Forecast
2018 is about to close and it was a strong year for buying, selling, and building homes in Wisconsin. Here is a brief look back on housing in 2018. November home sales are up from the previous year in Wisconsin and the median price increased 7.7% from the previous year. This is due to…
8 Tips To Help You Avoid Costly Home Building Mistakes
Building a home doesn’t have to be expensive. In fact, with careful budgeting, comparison shopping, and a willingness to keep things simple, it can be very affordable. However, mistakes made during the building process can quickly put you over-budget.
Why Are There Not More New Homes For Sale?
The housing market in Wisconsin is booming with less than 4.2 months of inventory on the market. A typically healthy market has 6 months of inventory. Low supply has fueled a 6% increase in the median sale price. Reports of multiple offers on the first day of listings, with accelerator clauses and personal letters selling…
Green Building Benefits More Than the Outdoors: Improves Indoor Environment and Occupants Health
Green building has become mainstream in the last decade, expanding beyond the environmental community and becoming the hot topic among both commercial and residential builders. One major point of contention lies with the costs associated with green building regarding establishing the benefits of going green for both builders and owners alike.
Lack of Housing Inventory Shifts Focus to Home Building in Wisconsin
The typically slow winter months for real estate did not exist in 2018 with over 13,471 homes sold in Wisconsin, which is the largest amount since home sales were tracked back in 2005 per WRA. Home sales rose in February 2018 over 5.8% and the median sale price jumped 7.4% since last year. The pace…
Buying Land and Making an Offer: How to Save Money
Negotiation knowledge is the most powerful tool when making an offer on a property. Often, real estate developers and property sellers are among the best negotiators. Why? The more information you have about a prospective property, its initial price, how long the seller has owned it, the better offer you can make.
Buying Land Part I: Key Insights To Budget For Site Development
When searching for a lot, or piece of land, you make initially find the ideal spot: remote area, scenic vibes, close to nature and a community. What many site-developers don’t anticipate, however, are the unexpected, sometimes unpleasant costs associated with land improvement after closing a deal. Even developers who purchase large land tracts with the hopes of profiting off subdivision often budget more for building and home development costs than the realistic prices associated with buying land.
Lot Purchasing: The Power of Subdividing
When it comes to purchasing land, the sum of the parts can genuinely add up to something greater than the whole. Whether you own a parcel of land or are considering investing in a vacant property, a multitude of benefits can spawn from successfully subdividing your land into residential lots, including providing a landowner both increased profits and flexibility. As prospective home builders show interest in subdivided, available lots, the original land investor can monetize and maximize their acquired land’s value.