Here is my take on the year just past and hope for the one to come

Posted on 15. Jan, 2018 by in Forecast of 2018

Sandy Springs home offers plenty of room and amenities

The Market is Maturing

  • Big homes in prime neighborhoods average 1-2 million.
  • 300K starter homes in hot neighborhoods forced first time buyers to look farther out. Most young buyers don’t want fixer-uppers. The result: high renovation costs and long wait times

 

 

New standards include wood framing treated with preservative

New Construction Rebounds

  • New construction, fully recovered from the 2009 recession, includes small-lot starter and retirement homes, spec and custom homes, large subdivisions, townhomes, mid-rise apartments and high-rise condominiums

 

 

 

Renovated bungalows are popular intown

Existing Homes

  • Renovated homes focus on space design: flow, finish and fixtures. Renovations sometimes skimp on energy efficiency, moisture management and ventilation, electric and plumbing upgrades.

 

 

 

Foamed rafters improve efficiency

Inspections and Code

  • Building codes require stronger portal openings and decks, better moisture control, ventilation and energy efficiency.
  • Energy efficient products like radiant barrier roof decking, variable speed heating and cooling, zoned duct systems and on-demand water heaters improve performance and comfort
  • The budget for Georgia’s Department of Community Affairs (DCA), the agency tasked with disseminating and administering codes,                                                            was slashed.
  • There are no specific requirements that renovations comply with new code

    Mark of Sustainability: Georgia Energy Code Compliance Certificate

                                                                                                                               Forecast for 2018

  • Metro Atlanta’s growing housing market is positioned to carry 2017 gains into 2018
  • Prices have flattened due to adequate supply and buyers willing to look beyond popular neighborhoods
  • Lengthy commutes and school quality are limiting factors
  • Private inspectors fill quality control gaps created by less government oversight, rapidly evolving industry and a strong market.

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