Granny flats grow in popularity despite high costs – RealtyBizNews: Real Estate News

With few homes on the market, buyers face stiff competition. Those who dress homes ready for sale offer a glimpse into the outlook for spring – and it’s little comfort.

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Despite changes in the market, it is still possible to buy your dream home. Our feature story this month illustrates this point well. For more details on the sale of 12 Emma Court, Hampton Park.

Granny flats offer a low-cost housing solution because the land is already paid for, she said, and they are often built in more central parts of the city. They have long been allowed in Washington, but in 2016 city officials tweaked the application rules with the aim of making the process easier, said Cort.

The prevalence of Granny Flats is sure to grow like wildfire around the country as our population ages in greater numbers, but now Placer County has opened the door to accommodating those seniors while creating an ideal living situation for the entire family.

3 Things to Know in the Housing Market Today! 3 Things to Know in the housing market today. A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

I have concerns about the granny flat that is attached to the property I am renting. I am the only person living in the house and sometimes when I shower later than usual at night my hot water either runs cold after a short time or is already cold which obviously means we share the same hot water tank.

Looking to boost your property’s value, or want to enjoy a rental income stream? Then a granny flat could be the right answer for you. A combined analysis by CoreLogic and Archistar has discovered that more than half a million homeowners across Sydney, Melbourne and Brisbane could be sitting on a real estate gold mine.

In other news. Real Estate Bonds: the Fine Print When it Comes to Working in Realty; Ask Brian: Should an Investor Get an Agent’s License? Granny flats grow in popularity despite high costs

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3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

"Up in Oregon, for instance, financing is a real problem, because it still costs around $200,000 (to build a cottage), but it’s a lot harder to get that money out of a $400,000 house in Portland.