Feb
01

Homeowners Fear Lower Priced Homes Will Decrease Their Property Value

By
– The Post and Courier

From the swing on Rick Nichols’ wood-floored porch he can see the change. Across the intersection from his $460,000, plantation-style home there’s a $250,000, tract-style home going up.

Other residents in some middle- and upper-range subdivisions across the Lowcountry are in the same spot: They paid premium price for their homes during the building boom and saw their property values plummet during the real estate crash while builders quit building. Now, as developers scale back to find loans and buyers, builders are returning to some of these unfinished neighborhoods to construct homes that are smaller or less expensive.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.postandcourier.com/news/2010/jan/31/change-in-plans/
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