Wednesday, July 9, 2008

Land Ho!

I've been talking with my friend John from Shelter Architecture about how now is a good time to build your dream home in the city.

Here's why -- it's really hard to find a lot in the city. However, the glut of cheap foreclosures could allow someone to tear down an existing house to build a new house. With houses selling for as little as $7,000 in the metro, it's a good time to jump on this. And yes, there are foreclosures in all neighborhoods -- from Bald Eagle Lake and North Oaks to Kenwood and Crocus Hill.

Financing is tight right now, but I think this is a nice opportunity time for a lot of people.

It's also a good time to take a shell of a house and turn it into something new.

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