Hacienda Real Estate Blog

Lamorinda move-up time
August 25th, 2010 10:10 AM
Its a great move-up market currently in Lamorinda.  Prices continue to be somewhat soft, interest rates are at an all-time low, and the total cost of adding footage to ones existing home is difficult unless the addition is small and allows an owner to stay in the home while the work is being done.  Often homes are configured where adding essential components to the home is difficult without reconfiguring existing rooms, moving inside walls and in effect "touching" rooms that an owner really doesn't need to change. Thus the remodel or addition is not efficient and purchasing the addtional bedroom(s), family room, dining room, or raw footage is more economical now though a new purchase.  A classic example is the typical 3 bedroom with the master suite at the end of the bedroom wing. this makes it very difficult to add the addtional bedroom without removing the layout of the master bedroom and reconfiguring the entire bedroom layout.  Bedroom hallways that are double loaded (have bedrooms on both side of the hall) will allow for more flexibilty the addition plan.   If you cannot create an effecient improvement plan, look into buying the bigger house, it's never been a better time.

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Posted by Michael Miller on August 25th, 2010 10:10 AMPost a Comment

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