Re: Successful strategies with tiny houses - Posted by michaela-ATL
Posted by michaela-ATL on July 01, 2005 at 07:23:38:
I think, if the property is priced right, this could be a perfect candidate for an addition.
FOr example, here in Atlanta we have an area called Grant Park, that is mainly victorians. When it was transitioning, in the early 90’s, they buyers were mainly young singles and couples, and small houses were in demand.
Now, that the neighborhood has changed - those couples are now families with children and they want bigger houses. ALso, the prices have gone up so much, that the new people moving in, are families with children. Suddenly the smaller 2/1 home prices have dropped.
These are now perfect candidates to buy at a lower price, add on, and make them comparable to the larger homes.
But keep in mind, that not every rehabber wants to deal with additions. ALso, the price range in the area has to be supportive. It probably wouldn’t work in an area, where the prices are below 100k.