Harbor Springs, Michigan - People looking to build new homes in Northern Michigan this year may be able to reap the benefits of Michigan's economic slump. Though many believe in waiting for conditions to improve before considering a retirement or vacation home, current conditions could actually be advantageous for prospective buyers as it relates to cost and property selection.
High supply drives pricing down in any market. Michigan is experiencing an economic slow down and, just like the rest of the country, it is in large part due to a shaky real estate market. What does that mean to you? Well, if you're the glass is half full type it could mean an incredible opportunity awaits. Low housing starts means high property availability. Northern Michigan, home of some of the most beautiful landscapes in the Midwest, is currently full of vacant lots for sale.
Wentworth Builders, Inc., a custom homebuilder in Harbor Springs, is one of many who are seeing the effects of Michigan's economy. To help alleviate the effects of current conditions, they've found that assisting their clients with every aspect of the home building process, including property selection, can be beneficial for all. Scott Kennard, President of Wentworth Builders, has lived and worked in Harbor Springs, Michigan all his life. He and many others who live up north year round have incredible knowledge and insight.
"We have a lot more to offer than design and building expertise," says Kennard. "Clients often seek our advice on choosing the right piece of property that matches their vision. Right now opportunities abound and there are very good deals to be had."
For those who have always dreamed of a place up north, now might be the best time to start a search. There's no telling what premier Northern Michigan real estate will climb to in the near future.