New Home Premium vs. Busy Street Discount
Take a rejuvenated Twin Cities housing market and a dearth of buildable lots in desirable, close-in locations, and what do you get?
New construction on busier streets like Xerxes (South Minneapolis/Edina), France Ave. (ditto), and Minnetonka Boulevard (St. Louis Park).
New Construction Boom
Are such homes a good deal?
It all depends, as they say.
Specifically, the key variables to weigh include the builder’s reputation (and presumably, construction quality); the home’s asking price and price per square foot; and the finish quality.
But, I would still include a discount for being located on a busy street.
