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Custom Home Building in Nashville
Today I have a special guest with me. His name is Jeff Checko and he is with Dream Builder Custom Homes. I just wanted him to go over some of the things that he's doing with new home construction.
So, what are you doing with new construction?
We have really turned a corner since the banking crisis in 2008. We ended up with a lot of extra inventory that took a few years to be absorbed, so 2013 was really a big confidence-building year for us. All of that inventory from years back has been absorbed and we're at about a 60 day market inventory here in Nashville. We are below the national average for inventory, and as it gets eaten up in the growth market that we have here in Nashville, new construction has to begin being built. So, new construction is starting to pick up.
What are some of the hottest areas for new construction?
We are working with a lot of urban infill and areas that are being revitalized or rezoned. For example, with the urban infill in East Nashville you're seeing properties getting subdivided. An urban infill would be when you have a duplex taken out and you have 7 or 8 high-density town homes installed onto that lot. You're seeing this happen in Germantown or north towards Charlotte Avenue. Some other areas that are growing are going to be your outlying suburban areas. We are seeing that Brentwood and Franklin are rising in price, as well as Hendersonville, and these areas are kind of expensive. When this happens you get national builders that come in and start constructing on the periphery. So, in Williamson county you have College Grove and Thompson Station, and Spring Hill. Up north you have Gallatin and that's a good area as well because you can offer prices to middle-income families who can afford to live there.
So, that was a lot of information, but I hope that you have found it helpful.
Once again, I have Jeff Checko with me from Dream Builder Custom Homes of Nashville. Feel free to contact me or him with any questions, comments, or concerns you might have about real estate in Nashville.
Today I have a special guest with me. His name is Jeff Checko and he is with Dream Builder Custom Homes. I just wanted him to go over some of the things that he's doing with new home construction.
So, what are you doing with new construction?
We have really turned a corner since the banking crisis in 2008. We ended up with a lot of extra inventory that took a few years to be absorbed, so 2013 was really a big confidence-building year for us. All of that inventory from years back has been absorbed and we're at about a 60 day market inventory here in Nashville. We are below the national average for inventory, and as it gets eaten up in the growth market that we have here in Nashville, new construction has to begin being built. So, new construction is starting to pick up.
What are some of the hottest areas for new construction?
We are working with a lot of urban infill and areas that are being revitalized or rezoned. For example, with the urban infill in East Nashville you're seeing properties getting subdivided. An urban infill would be when you have a duplex taken out and you have 7 or 8 high-density town homes installed onto that lot. You're seeing this happen in Germantown or north towards Charlotte Avenue. Some other areas that are growing are going to be your outlying suburban areas. We are seeing that Brentwood and Franklin are rising in price, as well as Hendersonville, and these areas are kind of expensive. When this happens you get national builders that come in and start constructing on the periphery. So, in Williamson county you have College Grove and Thompson Station, and Spring Hill. Up north you have Gallatin and that's a good area as well because you can offer prices to middle-income families who can afford to live there.
So, that was a lot of information, but I hope that you have found it helpful.
Once again, I have Jeff Checko with me from Dream Builder Custom Homes of Nashville. Feel free to contact me or him with any questions, comments, or concerns you might have about real estate in Nashville.
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