How much does your budget buy?
The real estate market continues to tighten in 2017. Prospective homebuyers have options within several price ranges on the market in the Northland; however, it is crucial to be prepared and decisive when shopping for a dream abode. Being forearmed with knowledge about what to expect for hard-earned dollars can help make planning and deciding easier.
Candi Sweeney of Wolfe~Sweeney & Courtney helps to explore possibilities in Clay and Platte Counties in three price ranges: $300-350,000, $450-550,000, and $750,000 and above.
“Overall, Clay County has had more new construction available in the $350,000 and under range,” says Sweeney. “Clay County has been very good at catering to new construction in the $250–350,000 price range. Platte County has fewer new homes under $300,000.”
New homes will be 2,500 to 2,800 square-foot and include features such as granite countertops and a kitchen backsplash. White kitchen cabinets are “back.” This price will have an unfinished lower level.
“If buyers choose an existing home, they will have a finished lower-level, three-car garage, mature trees, and 3,500 to 4,500 square-feet of space,” says Sweeney. “The home might need updating, but what great values for an established neighborhood.”
Subdivisions in Platte and Clay County which boast new construction include: Thousand Oaks, Chapel Ridge, Seven Bridges, Tiffany Woods at Rose Creek, Riverstone, Staley Hills, Fountain Hills which is “growing like crazy,” says Sweeney, Benson Place and Northview Meadows also have the moderate price ranges.
$450,000 to $550,000
New homes in this range will tout 3,500–4,000 square feet.
“There’s less availability now because of a lack of inventory in this range,” says Sweeney.
Features that may be included in these homes range from wet bars to media rooms and tile roof and stucco on the exterior.
Where to look: Forest Ridge Estates, Montebella, Riss Lake, Thousand Oaks, Tiffany Greens, Copper Leaf, Staley Farms, and Woodneath Farms.
“Twin Creeks is going to be an up-and-coming subdivision by Hunt Midwest,” says Sweeney.
Straddling both Clay and Platte County between I-29 and 169-Highway, the 15,000-acre development is expected to create living spaces for up to 70,000 residents in the Northland, or double the size of Gladstone.
$750,000 and Above
Home in this upper-tier price range may include popular features like a media room, stucco, or stone work, a hearth room, upper-end appliances, spa-like master suite, and four-car garage. Additional amenities include outdoor living spaces with a fireplace and swimming pool. The master-planned community may have a golf course.
“These homes are usually custom-built and run in the 5,000 to 7,000 square-foot range,” says Sweeney. “There are more upper-end opportunities in Platte County. There’s a lot of money there and the county has a private golf course.”
Where to look: Shoal Creek, The National, Staley Farms, Tiffany Greens, Stone Gate, and Riss Lake.
“Tremont Manor and Briarcliff West are making a comeback,” says Sweeney. “They are older homes but were premier property when people first began moving north.”
Overall in the housing market, homes available reflect better quality construction and materials with less square footage.
“There’s a need for more maintenance-provided places for empty nesters,” says Sweeney. “More Millennials are starting to purchase homes. They want homes with less maintenance so they can ‘lock-and-leave’ for the weekend.”
No matter what your budget, there is a home out there for you. What is in your dream home?