7:04 am June 15, 2010, by Henry Unger
Are you interested in a home finished by a new building strategy?
Some builders are taking advantage of lower lot prices to resume work in stalled housing developments, AJC reporter Michelle Shaw writes.
But they’re not necessarily the same builders that started the work, and the homes they’re building may not be in the same size or price range, Shaw reports.
At the Estates at Old Atlanta, for instance, Pulte Homes inherited building rights in a buyout and this year started putting up homes of no more than 3,200 square feet, priced at $270,000 to $330,000. The eight original homes had an average of 3,500 square feet and sold for $335,000 to $460,000.
The change in strategy creates another twist in the fallout from the housing bust, Shaw writes. People who bought the first homes in subdivisions started at the height of the housing boom may see less expensive homes going up all around them.
If you’re an existing homeowner, does that worry you? Or is living in a half-completed subdivision a lot worse?
On the flip side, if you’re thinking about buying, does this new approach catch your interest?
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