Thinking about a Starter Home for Sale in Anchorage Alaska?

Posted by Dan Wolf on Thursday, September 25th, 2014 at 8:55am.

Between the cash it takes to get started on your own and college debt following you from school, it takes many young people a while to build up their credit and adaquate cash researves to be able to buy their first home; In addition, the uncertain real estate market over the previous five years overshadowed the home buying commitment with some skeptisism.  The combination of the above has created a pent-up demand for the so-called “starter homes.” Meanwhile, some retiring baby boomers are also looking to downsize into smaller and less expensive homes, often those without stairs.

According to an article by Active Rain, first-time homebuyers are demanding something different in an entry-level home. A recent survey of first-time homebuyers found 87 percent wanted a move-in ready home. Seventy-eight percent wanted a home that was located near shopping and other services. Two-third of the buyers wanted to be in close proximity to good schools, while three-quarters wanted to be near work. Anchorage, Alaska, appeals to young professionals as well as baby boomers in search of a place to retire with no state sales tax and no state income tax. An experienced Realtor who knows the local area can help you find a starter homes for sale in Anchorage Alaska to meet your needs.

More mature versus new

One advantage of buying an older home is the mature landscaping such as raspberry bushes and lilacs in the summer. However, many of the new construction homes offer decks and balconies for outdoor living. In the lower price ranges, it’s difficult to find new construction. Sometimes, a homeowner that was too ambitious about what he or she could afford sells a home that is almost new as part of a short sale.


Single story versus two-story homes

A ranch-style home is one of the most popular homes for young families starting out. Single story homes are also ideal for baby boomers who want to downsize. Look for listings that include all appliances unless you want to budget money to purchase the kind of appliances you prefer.

Townhome versus single-family home

When trying to build up equity to buy that “forever home,” some people start out with a condo or townhome. If you are an empty-nester, a low-maintenance condo could be the answer. If you have a small family, you may only think of a townhome as a temporary situation until you can afford a larger home. Some great townhome finds include ones near Jewel Lake. Attached heated garage, a fire pit and deck are a few of the features that make townhomes and single family homes for sale in Anchorage Alaska really stand out.

For help in finding a starter home or retirement home in Anchorage, Alaska, please contact Wolf Real Estate Professionals at Re/Max Dynamic at 248-9653 or visit us at www.anchoragehomesearch.com

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