There are parts of the country where land is so scarce that there is a trend to buy a home on a larger property, raze it, and then develop 2 or 3 properties on the original footprint. The Boston Globe has a very good article on this niche trend in the real estate market.
‘In a community that is built out, there is very little if any space left, so someone who’s got a large lot is looking for a way to get another house onto it,” said Arlington Town Planner Kevin O’Brien. ”Where there was once one home, a person can get in another, or maybe two more.”
Residents in some communities are concerned that such development will lead to housing density that is too great for neighborhoods. Some communities, such as Lowell and Winchester, are taking action to head off the trend.
No related posts.
