Ranch revival or just razing? Charlotte real estate agents see some of both
While some markets around the country report a resurgence of interest in ranch-style housing, Charlotte buyers tend to be looking more at the ground it sits on.
Buyers aren’t exactly rushing back to the rambling style, local real estate agents say, but in the right circumstances, these homes can fit the bill.
“Ranches are still very appealing to people who are interested in downsizing,” says Helen Pinter, a Charlotte real estate agent with the Allen Tate Company. Many of the rooms are smaller, but floor plans frequently have three or four bedrooms, still allowing space for grown children and grandchildren to return home for a visit.
“Also, some people want everything on one level, especially as they age.”
While the one-story style has sometimes been slandered, in Charlotte the location of these homes can be their most desirable attribute.
Many of the ranch homes here were built in the 1950s or 60s, as the city expanded south and east. Those subdivisions now are considered close to downtown, compared to newer developments that reach toward Huntersville, Ballantyne and Mint Hill, and make for a much shorter commute.
In these cases, the lot is the draw.
Buyers will purchase the house, then build an addition or even demolish the home and begin again.
“I’ve had several clients who would buy that ranch, take the top off and build a two-story house,” Pinter says. “What they really are buying is the footprint. Then they may expand up or out the back for a new master suite, a nicer kitchen or guest bedroom.”
Sometimes it’s a tear-down, replaced with a traditional two-story that will have a larger-than-average setback.
Young professionals with families
In an area such as Cotswold or Southpark, the landscaping often includes large, mature trees and an average lot size larger than many newer neighborhoods.
Even if the houses aren’t large, the neighborhoods are intergenerational and stable, and the schools are considered high quality.
The price points are lower than in Myers Park or Dilworth for the same space, but schools are considered strong.
“People who’ve been priced out of their first-choice neighborhood may look a few streets over and see that they can make it work, temporarily or for the long term,” Pinter says.
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