by carolinaone_marketing
10. May 2017 07:07
It’s the halcyon days of development in Charleston, South Carolina and the real estate sector is experiencing growth that any major U.S. city would and should envy. Beyond the wide range of recent positive economic indicators -- from employment gains to an uptick in home sale figures -- builders appear to have the best interests of Charleston at heart as they continue to keep a close eye on smart growth. According to a May 6, 2017 article from The Post and Courier newspaper, environmentally-friendly builders are touting a streamlined construction process that’s faster and friendly to the planet. For those researching our Charleston Real Estate Guide, add these considerate construction companies to the list of reasons why investing in this port city of about 390,000 is a smart financial move.
According to The Post and Courier piece, a number of Charleston-area builders and construction officials recently explained their vested interests in erecting homes that have been optimized for the 21st Century. That means these structures are being built faster and for less money, with the latter being an advantage later passed on to the prospective homebuyer; houses hitting the market with solar panels already up and running; a move away from legacy products in construction, such as wood, in exchange for steel and 100-year warranties that come with a steel roof. According to the report, South Carolina is 27th in the nation for homes with solar panels installed but investment in the industry has climbed some 10 percent to approximately $225.3 million in one year alone.
The effect of not addressing these aspects, according to the article, is waste across the board and landfills with an ever-encroaching footprint. The president of one local steel company told the newspaper that they hope to redefine the home construction industry and that they hope to “do with a house what [electric vehicle company] Tesla's done with a car.” Putting its money where its mouth is, that same steel company recently relocated its headquarters and production facility and planned to start producing rolled steel for construction by the end of summer 2017.
Beyond new construction that’s being optimized for future technology, Charleston already offers a plethora of existing home and rentals on the market. That’s due, in large part, to the vast number of tourist attraction in the region and the booming economy. In a spring 2017 update from the Charleston Metro Chamber of Commerce, more than 19,000 single-family homes selling for an average of $330,000 apiece were expected to be sold in the Charleston area in 2017. Moreover, that figure represented a 2,000 unit increase over the 2016 total. For additional information on the Charleston Real Estate Guide, visit www.carolinaonerealestate.com.