GRAND RAPIDS, Mich. — First-time homebuyers in Grand Rapids are navigating a competitive market with budgets around $200,000, according to local realtor Ginger Herman of Five Star Real Estate.
"For this price range, demand just keeps going up," Herman said.
In the Creston Heights neighborhood, a renovated two-bedroom, one-bathroom house with 1,340 square feet is listed at $219,000. Herman noted, "We often don't see this much renovation in this price range, so this is definitely a gem of the neighborhood."
For those willing to compromise on space, a studio condo in the Boardwalk development offers 546 square feet for $189,900. "You can use this for party space, or you can have a bed," Herman explained.
In the sought-after East Town neighborhood, a three-bedroom, one-bathroom house with 1,272 square feet is available for $223,000. While it needs some work, Herman suggested, "Paint is gonna go so such a far away replacing light fixture, not too expensive to do that. Some hardware."
A more move-in ready option in the Fuller Avenue area, priced at $210,000, offers three bedrooms and one bathroom in 1,214 square feet. Herman described it as "surprisingly cozy" and noted, "Someone has definitely put some equity in this house, and a new buyer can come in and finish out whatever else that they would like to do."
Herman advises buyers to act quickly in this competitive market. "We encourage people [to] jump in, maybe get a smaller home, maybe in an area that [you] didn't quite want. Let's get you in the home first, build up some equity. Let's sell that, and let's move you up to that next price point."
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