Granger Villa Market is HOT!
The Granger housing market has been hot for many years. Recently we’ve seen a spike in Villa ownership and pricing. Many have attributed this to the “baby boomer” buyers leaving the large sprawling Ranch and Two-Story homes and opting for a smaller footprint. Here are 3 reasons why this market is booming.
Reason 1. Lot Maintenance: One of the top reasons for purchasing a Villa is maintenance-free living. Owners enjoy having someone else mow the lawn, maintain edging and landscaping, and shovel snow! Keep in mind that Villas and Condos have a much higher HOA fee than a traditional neighborhood. A good portion of that increased fee, often paid monthly or quarterly, is lot maintenance.
Reason 2. Appreciation: This applies mostly, but is not limited to, newer construction properties. Homes built after 2010 are appreciating much faster than those built earlier. With trends changing often, older homes are in need of updating even if built in the early 2000’s!
Reason 3. Space: Most Villa buyers are downsizing from much larger homes. This market allows you to buy something smaller with more “open space” vs traditional neighborhood homes. Villas often lack a formal dining room or living room and opt for a more open Living Room / Kitchen combo space.
If you’re looking to purchase a Villa in Granger, or just curious about the Granger Villa Housing Market, click the link below to view current MLS Listings and Recent Sales!
Other areas you might consider when Villa shopping would be Mishawaka, South Bend, Elkhart, and Goshen Indiana. These cities have also seen s spike in pricing and offer many different options such as Riverfront Living or Communities near Shopping and Dining!
If you’re currently in the market for a Villa in Granger IN, remember to View Today’s Hot Sheet to keep up with the latest listings in Michiana including St Joseph and Elkhart Counties.
Listing Date provided by the Indiana Regional MLS.