Home Builders: What Can You Leave Out But Still Sell?
Many homebuilders may be asking if there’s a way to cut costs, while still delivering […]
Many homebuilders may be asking if there’s a way to cut costs, while still delivering a great quality home. John Burns Real Estate Consulting recently released their New Home Trends Institute’s DesignLens database where they analyzed several different houses and were able to identify and highlight three homes that cut significant costs but still sold really well.
Builders will need to make bold decisions in response to the recent surge in mortgage rates and inflation. Some will charge forward as planned. Others will “mothball” communities for another day. The most creative builders will explore alternative options, with many we are already working with looking at pivoting to rental housing, including recapitalizing the project for a long-term hold. Others will make bold decisions like these 3 builders did.
