For many, building new makes lots of sense

CaptureHeights residents Nicholas Krohn and his wife recently decided it was time to buy a bigger house. The couple, who have one child, had outgrown their 1,300-square-foot bungalow and wanted a place perhaps twice that size.

But with inventory so limited in their neighborhood near the Woodland Heights, they decided to have their old house torn down and build new.

“We knew people who had renovated or rebuilt recently,” Krohn said. “It’s a commitment, and it can be stressful, but they all have beautiful homes and they’re very happy now.”

Activity in Houston’s new-home market – still just about half of what it was during the housing boom – is heating up again.

Area housing starts rose 33 percent during the first three months of 2013, as more buyers jumped into the market and some, faced with a lack of resale inventory, turned to new homes.

The inventory of existing houses for sale has been shrinking as demand spikes and owners remain cautious about selling.

The result has been a seller’s market in many neighborhoods.

“We have heard stories about how houses sell within 24 to 48 hours and there are bidding wars and you’ve got to line up the day it’s listed. That sounded great in terms of selling our current home but a nightmare in terms of buying,” said Krohn, who has not yet selected a builder but has hired an architect

Written by Nancy Sarnoff

________________________________________________________________________

If you are moving to the Katy Independent School District and looking for information on properties available for sale, please call Michelle Sturdevant at 713 572-5308.  
Michelle Sturdevant Realty Group


Categories: Houston Real Estate News, Real Estate Advice for Buyers

Tags: , , , , , , , , , , , , , ,

1 reply

  1. Thanks for sharing your valuable information here i got good content about townhouses and there price.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: