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  • Jul 19, 2016
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Failure to Start

The starter home has long been the first step into real estate for many homeowners.  It’s typically smaller, cheaper and in need of a few minor repairs, and now many buyers feel it may not be worth their time.

According to a recent article in “The Residential Specialist”, buyers are increasingly favoring the idea of the forever home over the starter home.  Seventy-five percent of first timers want a home that will fit their needs in a few years and nearly 70 percent are willing to wait to save more money and move into a nicer home in the future rather than buy a starter home now.

Between the limited inventory and rising rises in many of todays markets, it may be that starter homes are no longer at starter home prices, and buyers are skeptical of paying too much for a home they will quickly outgrow.

For buyers who have the money, buying homes they can stay in longer may be worth the extra money they’ll have to pony up to get there.

Author: Cassie Henderson

The Mendocino coast is an extraordinary place of natural beauty. It's proximity to the San Francisco Bay Area make it a perfect vacation and second home location for getting away from busy city life. I have been visiting the area since 1985 and a full time resident of the coast since 2000. My in-depth knowledge of the coastal communities is an asset for those interested in purchasing property in the area. I have a background in county planning, environmental studies, sustainable agriculture and local service industries. My interests and areas of focus include residential properties, bare land, and responsible development. I have an in depth knowledge concerning the permitting process and can help clients make wise development decisions within the Coastal Zone and inland areas. I take special care that my client’s needs are met and that the process of buying or selling real estate on the coast is an easy stress-free process. I know the coast, from oceanfront to back roads.

I can be contacted at cassie@kennedyrealestate.com.