It's difficult to imagine a shortage of land, especially in an expanse like Kansas. It's one of those things that, until it directly affects you, you don't even see it as an impending issue. According to a recent survey of homebuilders across the country, it seems that lot shortages are becoming quite a problem for builders. Sixty-four percent of builders reported that the supply of lots in their markets was “low” or “very low,” marking the highest percentage of reported shortage since 1997! Due to this shortage, new homes are being built at a remarkably low rate of under 1.2 million a year. Compare that figure to 2005, where total housing starts were more than 2 million and only 53 percent of builders reported a shortage of lots. When building a custom home, finding a quality buildable lot preferably oversized or on acreage, can be even harder to come by with a lot shortage.
Whenever possible, with every Moffitt Built home, we ensure that the lot size and the proper use of lot size is just as important as the new home itself. We know that the size of the lot in comparison to the size of the home can make a huge impact on the overall feel of the property, the street, and the small community in general. Adequate space is needed in the lot after the construction of the home in order to give the homeowners and neighbors privacy and appeal. All sorts of factors are considered like the amount of light and air that can reach a home on a lot too small for the home vs. a lot sized just right. This idea has sparked some controversy with builders who are building McMansions on lots meant to accommodate much smaller homes. Larger lot sizes also contribute to higher resale values. Something to keep in mind when looking for or planning your future home...size matters.
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