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J. Martin
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#1 Real Estate Events & Meetups Contributor
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  • Oakland, CA
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Construction/Rehab in the Bay Area - What are you doing/seeing?

J. Martin
Pro Member
#1 Real Estate Events & Meetups Contributor
  • Rental Property Investor
  • Oakland, CA
Posted Sep 3 2014, 23:46

I saw a post by @Andrew Eaton earlier today, and recently was introduced to @Shiloe B. , are you doing any projects up here? Or know anyone who is?

I've been seeing a lot of people taking small houses, such as 2br/1ba, to a 3br/2ba, most commonly, I believe partially because of the inventory there, the price point (both for entry & exit), and the value added by the functionality of the bigger house & extra bathroom.

Some tear-downs and rebuilds in really higher-value areas, but mostly with large lots, and smaller and/or poorer quality structures. Some infill developments now also, since new construction on formerly bare lots is now becoming economically feasible, mostly in areas that are rising above pre-crisis prices.

What is everyone else doing and seeing out there?

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