This has caused a lack of available homes for sale and in turn caused many of the developers to begin spec homes to fill this void. The few fire sale homes that were on the market because of owners pressured by the economy in the U.S. were quickly sold. The current demand is in the $125,000 to $275,000 range in which there are few relatively new homes on the market, and has caused prospective home buyers into buying land and building, which offers a good option with a good builder and in which you can sometimes obtain a superior value result, aside from the fact that you are getting a brand new home to your specifications in the exact location you want.
We have worked with Luc Charette, a Canadian builder for over 10 years and he has built dozens of homes for our clients, all of which are satisfied customers. The current cost for building a home, depending on design and location is between $60 and $80 per square foot and Luc has many examples of his work he can show.
We here at Moran Real Estate are not only working with the developers to fill this void, but have sold much of the land to the developers initially. In most cases they offer the plans for the spec homes to us for comment before commencing construction in order to fill the exact void and end product desired.
Contact us for those homes under construction at this time, on the drawing board or in the permit process for an up date on what is coming up.
Lake Arenal Homes of Distinction
Lake Arenal Video
-- Allan K. Chalmers
