Cincinnati has many established communities with a feel that newer outlying subdivisions have yet to equal. There is something about the tudors of Hyde Park and Mt. Lookout, the gaslit streets of Mariemont, the lush, rambling beauty of Indian Hill and even Cincinnati’s rising gem – eclectic, historical Montgomery. These communities take us back with walkability, public squares, quaint business districts, mature parks, and most of all – great older homes. It’s a sense of the established and being closer to the city that make these residential areas more popular, but it does come at a price. Opportunities are becoming harder to find. That means that prices are rising.
Quality homesites are in demand
With the dilemma of moving further out of Cincinnati to acquire a lower priced lot, it has become a popular option to seek old-stock homes in disrepair, but in quality neighborhoods, tearing down the existing to build new. It sounds like a great idea, right? You bet it is. The streetscape is improved for surrounding residents, property values appreciate, and the new home owners enjoy all of the amenities that new construction offers in an established, sought-after community. Today’s prices may scare some away, but for the home buyer with vision, there is opportunity in teardown construction, even with present high lot prices.
Montgomery – a land of opportunity
It is dead-center in vibrant northeast Cincinnati. Montgomery’s eclectic business district is in its third century of serving and is easily accessible to all. The schools are exemplary. There are many parks and green spaces, great public works, and yes… awesome, mature, well-kept residential streets with reasonably priced housing stock. These are homes that are more-than-ready for a revival.
The right bones
Many believe that Montgomery is the right place to be right now in home construction, but don’t take this writer’s word for it. Tour it for yourself and witness the change. 9228 Village Green Drive is a great study of this Montgomery opportunity. It is being offered by Classic Living Homes. Consider a visit… But first, tour other close-by streets in the area. You will find teardown construction is happening throughout Montgomery and even just around the corner from Village Green. It is a community in the throws of rejuvenation, and for good reason. As you enter Village Green, you will quickly see that this beautiful shady street of towering trees and this scenic building lot offer excellent bones for quality living and appreciating value. Use your vision to imagine being the first to build. With many custom home builders beginning to notice Village Green, other new homes will undoubtably break ground around this initial opportunity. Ensuing home construction will over time come at a higher price as this rising gem of a street grows once again in popularity.
The take away
Montgomery is on the move. It is eclectic, historic, peaceful and vibrant. If it has been a while since you last visited, you will be impressed. Plus, you will see the subject of this article playing out in dramatic fashion up and down its residential streets. Teardown home construction is not a fad. It is not a bad word. It is helping to preserve and enhance Cincinnati’s finest established communities. It is a sound opportunity for those with vision.