Village Center - Photo Courtesy of JM Real Estate, Inc.
Featuring 13 rental suites, Village Center offers 16,008 total square feet on 2.58 acres (acreage includes building and a vacant parcel measuring +/-.85 acres). It was built in 2008. The center is strategically located on the north side of Viera Blvd., a major corridor running east/west from U.S. Highway 1 to Viera West. Village Center is in a prime location in the fastest-growing area of Brevard County, said Lewis. We are pleased to have represented the seller of this beautiful property, which is located in an incubator area for future growth that is not currently oversaturated. Investment real estate in Brevard County is more affordable than other larger metropolitan cities, such as Miami and Orlando.
Katerina Krumwiede wasn’t looking to move.
She and her husband, Rob, recently spent “well over” $100,000 on a complete remodel of their Encino house that added a backyard gazebo, custom kitchen countertops, new roof and imported bathroom tiles from Spain.
But Krumwiede, 40, said the single-story house still lacked quiet space a drawback when the COVID-19 pandemic hit and she had to work from the master bedroom if she wanted to escape the sound of her husband’s frequent video calls.
Eventually, it became too much, setting off a chain reaction that led the family to sell their Encino home for $1.5 million and purchase a larger one in Calabasas for $1.7 million.
For some, moving in with relatives during the pandemic has been a necessity. For many, though, living with extended family is a choice. The rise in multigenerational households that began in the 1980s shows no sign of stopping.
There are practical advantages, of course. For 26-year-old Lindsay Brooks, living rent-free with her mom allowed her to pay off her student loans “10 times faster,” she says. Now, however, Ms. Brooks is thinking about moving out. “It definitely has been worth it,” she says. “But I think it’s important for people to set a timeline and not get caught down that rabbit hole of not having to pay for anything.”
For some, moving in with relatives during the pandemic has been a necessity. For many, though, living with extended family is a choice. The rise in multigenerational households that began in the 1980s shows no sign of stopping.
There are practical advantages, of course. For 26-year-old Lindsay Brooks, living rent-free with her mom allowed her to pay off her student loans “10 times faster,” she says. Now, however, Ms. Brooks is thinking about moving out. “It definitely has been worth it,” she says. “But I think it’s important for people to set a timeline and not get caught down that rabbit hole of not having to pay for anything.”
December 14, 2020
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John Burns Real Estate Consulting says multifamily builders need to follow the single-family homes, specifically the rapidly developing new-home submarkets. In its latest Apartment Analysis and Forecast, JBREC says the future looks bright for suburban apartments and gloomy for urban. What can help boost the rental market are buyers who choose to rent prior to moving into their newly built homes. Builders are especially busy with nearly all standing inventory sold, so new-home buyers must wait nine to 12 months before their homes are even constructed. Renting where that new home will be could be ideal.
Here are some examples from across the country: