Hey CFers.
Outgrowing the starter home and looking at our next option for housing, considering a new home option as well. Stage: Blue collar city in MN, population 25k with plenty of starter housing options but lacking in the mid-tier level. Cost of homes has risen dramatically in the last five years. New home growth is slow for now with only about a new home a month built in town, but expecting that to change with the addition of a new Hy-Vee distribution center in the next few years. I'd like to get ahead of that curve if I can. City does offer a 5-year tax abatement program for new build single family dwellings.
Anyway... new homes aren't actively being built so there aren't any on the market and I'd like to look into it for a next option. I just don't really know where to start... get the ball rolling?
Thanks for the insights... dos and don'ts. Pros/cons?
Outgrowing the starter home and looking at our next option for housing, considering a new home option as well. Stage: Blue collar city in MN, population 25k with plenty of starter housing options but lacking in the mid-tier level. Cost of homes has risen dramatically in the last five years. New home growth is slow for now with only about a new home a month built in town, but expecting that to change with the addition of a new Hy-Vee distribution center in the next few years. I'd like to get ahead of that curve if I can. City does offer a 5-year tax abatement program for new build single family dwellings.
Anyway... new homes aren't actively being built so there aren't any on the market and I'd like to look into it for a next option. I just don't really know where to start... get the ball rolling?
Thanks for the insights... dos and don'ts. Pros/cons?
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