Starter Home Buy Half a House Now & The Other Half Later : )
They say necessity is the mother of invention, with the median price of a new home in Tucson now over $263,000 it is estimated a household income needs to be $80,000 a year just to buy a home in Tucson. This is well beyond the income level of many families in the Tucson area.
Not to be outdone by this booming market developers have come up with a new concept in housing here in Tucson. Buy half the house now and when you can afford it in a few years they will come back and build the other half of the house.
With home values rising this past year at a rate of 35% and even with the slowing of the market an increase of over 10% is expected for the next several years. This makes it possible for families to use the equity in their new home to build the other half of their home in a relatively short period of time.
The price of these starter homes are in the $180,000 to $220,000 range depending on the upgrades.
If you are thinking at this point this can't be true, it isn't. It's just for fun. Have a Great day : )
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Barbara Lasky
Long Realty Company
12080 N Dove Mountain Rd
Marana, AZ 85653
Office: (520) 918-7494
Toll-Free: (888) 825-8251 x7494
Fax: (520) 572-6714
Cell: (520) 240-3560
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