Where Gen Y Buyers Can Find A Diamond In The Rough.

Are you a Gen Y buyer?
Are you a Gen Y buyer?

When shopping for a home, check out transitional city neighborhoods that might just be on the verge of revitalization. You might find a great price or a really unique home that’s in the middle of the action. There are several reasons why you should consider all of your options when searching for your new home.

Urban neighborhoods are home to coffee shops and corner stores. Boutiques and other quirky shops can add the character you might be missing in a traditional suburban setting.

Young couples or singles, who aren’t ready to give up a thriving nightlife, are often drawn to downtown lofts, converted warehouse spaces or even upper floors of shops and restaurants. Living downtown may give you more opportunities to make friends who are your age.

Many times, living in an urban area gives you easier access to public transportation that could significantly reduce your annual transportation budget, if you’re fortunate enough to no longer need the use of a car.

Farmer’s markets and food co-ops are also becoming very popular in urban areas. With access to organic and farm fresh food, your health and wallet could be thanking you. Another point of consideration is that living in densely populated areas gives you the potential for exposure to other ethnic groups and cultures. New and interesting food and customs could become just another perk of your new neighborhood.

Downtown homes or lofts are often smaller than homes out in the burbs. This means less to clean, a smaller yard or maybe no yard to mow, and your utility bill may be smaller in a smaller home. You have your whole life to move out to the suburbs. Look around your downtown for the hot spots that fit your budget and style.

Count on a Mel Foster Co. agent to help you identify up and coming neighborhoods and the programs that may make homeownership more affordable to you. Find an agent at your local office.

An Older Home As A Green Alternative.

Older Home as Green Alternative
Older Home as Green Alternative

Call it recycling on a grand scale. Homebuyers who want their purchase to be more environmentally friendly are turning to older homes instead of building new. In fact, architect Carl Elefante coined the phrase, “the greenest building is the one that is already built.” What he meant by that is that environmental resources that would be used to build a building’s replacement are often times spared by restoring or repurposing an existing structure.

Did you know that it can take up to 80 years for a new, energy-efficient building to overcome the energy and climate change impacts caused during the construction process? Building reuse offers significant environmental savings when compared to the energy consumption of demolition and new construction.

Older buildings constructed prior to reliance on mechanical heating, cooling and lighting systems utilize what nature offers as part of their design. This can help reduce your energy use, helping you save on heating and cooling your home.

Go green and consider purchasing an older home that just needs a little TLC. Use the option to search by Year Built by clicking here to find a home you can recycle.


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