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1400sf is considered a “small” home” What happened to a 3 bed, 2 bath 1,100sf build? Why are we requiring a minimum size at all? Market demand should define the minimum.
That footprint is 1960-70, and plenty are still out there (mostly in the Marion County township areas). Most would have basements.
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Newer 3/2 would be more like 1400-1600, because it’s on a slab and includes more entryway, bigger bedrooms, more closet/storage, and laundry space on the main floor.
It should, but Fishers also has a minimum price point on new construction of single-family homes. Why? Because tax revenue. Our leaders want every penny they can squeeze out of homeowners so they can keep giving huge incentives to companies and they can spend tens of millions of dollars on a non-revenue-producing trail.
All the housing types the report shows that Fishers lacks exist, just not in the right quantities. Of course it doesn’t help that the city keeps allowing developers to buy up entire NEIGHBORHOODS of smaller, older affordable homes so they can be torn down for “walkable, mixed-use, vibrant” developments and $400-500K urban houses.
I believe they are phasing out the minimum price point, Tina. Developers want to squeeze as many houses as possible on what little land is left in Fishers, so they have let Fishers gov’t know that, who has now begun to preach the message.
Aging in place millennial??