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| The Boardman River near the Supply Road bridge |
The real estate market in Traverse City has definitely been
booming in recent years. That holds
especially true for properties on the water.
As prices continue to rise (about 8% annually for the last couple of
years) it’s becoming more difficult to find anything of quality on the water
that falls within most budgets. Most buyers
we’re working with are looking to live in the region for the natural beauty and
slower pace but they don’t want to give up the very well done home they’re
moving from. Because it’s really only
been in recent years that so many full time residents have flooded to the area,
there simply aren’t enough quality homes for them to purchase.
For more and more buyers, this means building a new
home. Fortunately there are a number of
builders who have gravitated to the area in order to service this growing
demand. This means that very high quality
builders, who can be trusted to complete a project far from home, are available. While costs are higher than they were a few
years ago (most of our clients will spend at least $175/sq. ft. to build a high
quality home), they’re starting to come in line with the cost of buying an
existing home that isn’t really ideal for the buyer’s needs. One of our favorite builders right now is
Eric Render with Render Construction. He’s
built a number of custom homes for our clients and the results have always been
spectacular. Our clients have found that
he’s very trustworthy and reliable and he worked closely with them to ensure
they ended up with the perfect home in the end.
He has some great information on his website, www.renderconstruction.com.
I recently visited a large vacant parcel on The Boardman
River with Eric in an effort to get a sense of the properties limitations from a
building standpoint. While there are
many more buyers seeking to buy and build along Grand Traverse Bay or some of
the area lakes, The Boardman River is an excellent option where buyers can find
a much better sense of privacy at a much better price. This parcel, in particular offers over 20
acres of wooded land with 750’ of frontage, including frontage on the other
side of the river to ensure privacy. The
seller already went through the site approval and preparation process which
normally takes a bit of time and a lot of cost.
Click HERE for more information on this parcel. It’s being offered for $229,900. Compared to 100’ bay front lots starting
around $350,000, that’s a terrific buy.
We have another parcel that’s also beautiful and offers
convenient access to town but is a little upstream. This 7 acre parcel has 1,100’ of frontage and
was recently reduced to $187,500. Click
HERE for details.
I know it may be outside the concept many buyers originally
had in mind when they began their search in our area, but a small shift in thinking
can often lead to a spectacular result.
Spending evenings watching trout rise and deer meander through the yard
isn’t all bad, especially when it’s just minutes from all the amenities of
Traverse City.
Contact Chad Brown today to learn more about these
properties or to set up a time to discuss ALL the available options in seeking
the ideal northern Michigan home or cottage for you and your family or
friends. chad@homewaters.net or (231) 499-8292
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