November 30, 2017

Is your new home in a resilient city?

By Marcie Geffner

LOS ANGELES — Shopping for a new home involves more than looking at houses. It’s also about choosing a community where you want to live. Among the key factors to consider is whether your community will be resilient.

So, what is a resilient city and a resilient community? Resiliency refers to a community’s ability to recovery and rebuild when a natural disaster, public tragedy or other emergency strikes. If your home is badly damaged or destroyed, will your community be able to help you pick up the pieces?

There’s no single rating system or comprehensive score that measures community resiliency, so you’ll have to do some research to figure out how resilient various communities seem to you and whether they prioritize resiliencies that may be important to you and your family in an emergency.

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Innovations in new construction homes

By Marcie Geffner - New Home Source

LOS ANGELES — In these days of technological wonders, housing might not seem like a hot bed of innovation.

But, homebuilders are well ahead of many other industries when it comes to offering their customers new and different products designed to meet specific needs and wants.

For builders, innovation might mean a twist on modern architecture, creative floor plan or new way to make homes affordable for budget-conscious buyers.

These ideas and others were the topic of a panel discussion at the Urban Land Institute fall meeting here in late October. The participants — all homebuilders — talked about housing innovations and what innovative ideas bring to the table for builders and homebuyers.

Three projects — one each in North Carolina, Maryland and Los Angeles — stood out as giving buyers new choices in today’s markets.

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Downsizing into a new construction home

By Marcie Geffner - New Home Source

When Teris Pantazes and his wife Kate had their first child, they did exactly the opposite of what many couples in their situation want do: rather than move into a larger home, they bought a smaller one.

The move made sense because the new, smaller home was newly built, which meant it came with numerous benefits that made it the right choice.

The couple, who now have three daughters, moved from a 4,000-square-foot house built in the 1920s to a brand-new house with just 2,500 square feet, a sacrifice of 1,500 square feet. Both houses were in Baltimore, the older in the city proper, the newer near the outskirts of town.

“The new home felt just as big because the useable space was what we needed,” Pantazes says.

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'Don’t call us Millennials': sharers and connectors of the Millennial generation

By Marcie Geffner - New Home Source

Millennials are often lumped into one massive generational group. But they’re not all alike.

In fact, those born in the 1980s differ significantly from those born in the 1990s. Rather than “Millennials,” the older group might be better characterized as Sharers, the younger as Connectors.

John Burns, CEO of an eponymous real estate consulting company in Irvine, Calif., explained during a panel at the recent Urban Land Institute Fall Meeting in Los Angeles how Sharers’ and Connectors’ different economic experiences and demographics impact their desire to become homeowners.

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