Some background:
I own 164 lots around a golf course called The Lakes At Sleepy Ridge. It is a beautiful course with a new clubhouse that rivals any in the State. Several years ago we were selling the lots at around $225/lot for .25-.30 of an acre. Then came the worst real estate collapse in the past 30 years.
We have lowered the prices of the lots and have put several under contract but the banks are pulling the financing for lot loans before our buyers can close. So the strategy has to change.
The Concept:
Create a ultra modern starter home with a green influence that can be priced at or around $250,000. Hope that the masses will pay the same amount for high style and green design as they will for a medicore starter home. So here is what we have done: These units are 2000 finished sq/feet with four bedrooms and two and a half baths. There is also a 1000 sq/ft unfinished basement. They are priced at $250,000. It will be the Ikea of homes. All furnished with cool Ikea interiors.
Love it or Hate it? As always be brutaly honest and let me know. Will this work in Utah? Will people ebrace the design in large numbers? Do you believe the style will bring people in? In this price range is the reality that no one cares and they just want the best bang for the dollar? Would you buy this home on the golf course at Sleepy Ridge? Post and let me know.
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