It wouldn’t be a stretch to say Madeira is the hottest infill market in town.
That's according to Michael Hines, who is in a position to know. His construction advisory team, Build Cincinnati of Coldwell Banker West Shell is at work connecting buyers with builders on 10 Madeira infill projects.
If you want to see what Hines and his team are up to with those 10 projects and others, head to the Spring New Home Tour in Madeira on April 9 from 1-3 p.m.
There will be:
- Tours of new homes from $500,000 to $750,000
- Driving tours of available Madeira lots
- One-on-one information sessions explaining the ins and outs of building a home on infill lots
- Insight into teardown and redevelopment costs, tax information, and zoning restrictions
HORSE BEFORE THE CART
Let’s dispense with the obvious: Building a new house is complicated, whether you’re 5, 25, or 45. “Most people don’t know where to start,” says Hines.
So perhaps it’s best to think of that Spring New Home Tour as a really good starting point.
“But,” you ask, “doesn’t the builder come first?”
The answer, according to Hines, is no. If you’re chasing a builder or a layout or an architectural style before you’ve got the lot, you’re limiting your options. That’s why working with his team gives you such an advantage: They show you the lots first, and the redevelopment follows from there.
ABOUT THOSE LOTS
The truth is Madeira only has so many empty lots. The rest is covered with existing houses, often 50-year-old cape cod style homes with limited functionality. Many of these properties need some work, making them ideal candidates to be repurposed as infill sites for new homes.
Yep, we’re talking about teardowns. But between you, me, and everyone else who’s reading this, that's what makes Madeira so special — the combination of new and old homes.
Here’s the thing about tearing down one home to build another: It’s not as expensive as you might think. Once you’ve got the lot, the average cost of tearing down a home is only around $12,000. (Yeah, I was surprised by that one, too.)
But don’t take my word for it. Speak to Michael Hines and his team at the Spring New Home Tour. It’s the best way to start thinking about a new life in a new home in Madeira.
Learn more about Build Cincinnati of Coldwell Banker West Shell by visiting their website.
Build Cincinnati of Coldwell Banker West Shell was created by former land developers Mike Hines and Bill Hines to assist buyers in building custom homes. Its services include listing sales, home buying, land and lot acquisition, market evaluation, architecture design consulting, builder selection, and everything in between.