A New Building Boom in Plymouth MI
With the local economy improving and Plymouth home prices rising again, we are seeing a significant increase in home construction, expansion, and remodelling projects around town. These projects are not only good for a homeowner that gets to enjoy a larger and updated home, but they’re also good for the neighborhood and the city. Home values for the entire street typically increase as people update or expand their individual homes. (This halo effect also works in reverse of course. So when someone doesn’t take care of their home or yard, it can have a negative impact on neighborhood real estate values.) The City benefits from the new construction activity as well since these projects usually increase property tax values resulting in higher tax revenues.