“Post-World War II Conversions”

Recycle a plastic bottle, and you get 25¢ (at least in some states).

Recycle a pound of aluminum cans, and you’ll make about a $1.

But re-use an existing foundation to build new construction, and how much will you save?

Try, $25,000 to $35,000.

“Lower” Upper Bracket

In fact, that’s the business model for builders tailoring their offerings to home buyers who want new construction in close-in, city locations, but don’t have $1 million-plus.

Dubbed “post-World War II conversions” by local builder Dave Alan, such homes reuse the original home’s foundation, then build on top of it to create a basement with eight foot ceilings; a first floor with a deluxe Kitchen and open floor plan; and an upper level with three big Bedrooms, including a larger owner’s suite.

And windows.

Lots and lots of windows.

The price range for the above? 

Anywhere from $650k to $850k, for around 3,500 finished square feet.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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