{"id":7595,"date":"2015-03-04T13:26:14","date_gmt":"2015-03-04T13:26:14","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=7595"},"modified":"2015-03-04T13:26:14","modified_gmt":"2015-03-04T13:26:14","slug":"builders-shy-away-from-starter-homes","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/builders-shy-away-from-starter-homes\/","title":{"rendered":"Builders Shy Away From Starter Homes"},"content":{"rendered":"<h2>Builders Shy Away From Starter Homes<\/h2>\n<div id=\"attachment_7596\" style=\"width: 400px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2015\/03\/ID-100207166.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7596\" class=\"size-full wp-image-7596\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2015\/03\/ID-100207166.jpg\" alt=\"Builders Shy Away From Starter Homes. Image courtesy of jscreationzs \/ FreeDigitalPhotos.net\" width=\"400\" height=\"300\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2015\/03\/ID-100207166.jpg 400w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2015\/03\/ID-100207166-300x225.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-7596\" class=\"wp-caption-text\">Builders Shy Away From Starter Homes. Image courtesy of jscreationzs \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>There may be demand for starter homes, but many home builders aren\u2019t interested in building them. Entry-level new homes are becoming scarce, and are unlikely to see any rises in the future, according to a BUILDER Online article.<\/p>\n<p>Indeed, the median new-home price entering 2015 was well over $280,000 \u2013 far from what many would consider an &#8220;entry-level&#8221; home.<\/p>\n<p>&#8220;Entry-level refers to a price-brand at the lowest end of the home price spectrum; a true entry-level home lowers the barrier to entry to home ownership, typically for a renter to move into a home he or she owns,&#8221; the article states.<\/p>\n<p>Here\u2019s why the starter home is losing traction among those in the building industry:<\/p>\n<ul>\n<li>Land costs are high, and many of the lots during the first part of the housing recovery in the last three years have been mostly finished lots of &#8220;A&#8221; quality \u2013 with little attention devoted to B, C, and D lots that would be more geared toward entry-level homes. &#8220;Lots that could be programmed for entry-level or starter homes would&#8211;in a typical recovery cycle&#8211;involve high-density (attached) or outer-circumference tracts,&#8221; the BUILDER article explains. &#8220;Costs of lots in those two areas&#8211;and relief on some gnarly construction defects litigation trends on attached homes&#8211;need to come down measurably for there to be a return of entry level housing.&#8221;<\/li>\n<li>The higher fees in building such communities also may also deter entry-level buyers to the new-home market in general. In building these communities, builders often face significant infrastructure and expanded support service costs. As such, these fees and charges often must get added on to the price of a new home, which could add an extra 20 percent to 25 percent of the cost of a new home.<\/li>\n<li>The typical &#8220;entry-level&#8221; buyer may not want a &#8220;starter&#8221; home any longer. &#8220;They\u2019ve waited longer to form households, pay down student debt, hook up with significant others, and amass their \u2018ability to repay\u2019 profile, and now they\u2019re not going to settle for a mere deed that gets them a ticket out of monthly rental payments,&#8221; the article states.<\/li>\n<\/ul>\n<p>The &#8220;starter&#8221; home may be moving to extinction. The idea of a home purchase that serves as the first step before buying a more permanent family residence may be fading as more entry level buyers start to favor stepping into their permanent residence from the start.<\/p>\n<p><em>Source: &#8220;The Rise and Fall of the Entry-Level Home,&#8221; BUILDER Online (Feb. 9, 2015)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Builders Shy Away From Starter Homes There may be demand for starter homes, but many home builders aren\u2019t interested in building them. Entry-level new homes are becoming scarce, and are unlikely to see any rises in the future, according to a BUILDER Online article. Indeed, the median new-home price entering 2015 was well over $280,000 &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/builders-shy-away-from-starter-homes\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-7595","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Builders Shy Away From Starter Homes - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/builders-shy-away-from-starter-homes\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Builders Shy Away From Starter Homes\",\"datePublished\":\"2015-03-04T13:26:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/\"},\"wordCount\":433,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-100207166.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/\",\"name\":\"Builders Shy Away From Starter Homes - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-100207166.jpg\",\"datePublished\":\"2015-03-04T13:26:14+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/builders-shy-away-from-starter-homes\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-100207166.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-100207166.jpg\",\"width\":400,\"height\":300,\"caption\":\"Builders Shy Away From Starter Homes. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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