In current housing market conditions characterized by soaring home prices, starter homes are increasingly defined by older and smaller properties. Buyers are favoring these homes over new constructions due to affordability challenges and a preference for unique features and character that older homes offer. Real estate professionals indicate that such homes, especially fixer-uppers, are seeing heightened interest and rapid sales. The craftsmanship and quality of materials in older homes are noted as appealing traits, prompting buyers to choose them over newly built houses.
The concept of a starter home has evolved to favor older and smaller properties over new constructions due to soaring home prices and affordability constraints.
Growing demand for older homes is driven by unique character, larger lot sizes, and reduced property taxes associated with fixer-uppers.
Properties like fixer-uppers are attracting multiple offers and selling quickly as buyers prioritize affordability and unique features.
Real estate experts advocate for older homes, highlighting better craftsmanship, materials, and cost-effectiveness compared to new constructions.
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