No matter how automated our world becomes, real estate investing is a people-oriented business. We are that company people feel compelled to talk about with their friends and family. At Metropolis Properties, our success is measured by the experiences our clients have boosting equity or investing in a home. Our small business structure produces results fast by utilizing technology for maximum productivity. Every nuance is designed to provide the greatest experience with the largest transaction of our client's lives.
Make It Memorable. Make it Metropolis Properties.
Redding city council is set to approve a zoning amendment on December 15, 2020, which will go into effect on January 16, 2021. The city's proposed zoning code amendment would permit Accessory Dwelling Units (ADU), also known as “Granny Flats” to be added on any land with zoning that allows for residential use. This means the units could be built on property zoned for single-family and multi-family use as well as on commercial or office-zoned land that also permits residential as a secondary use. However, a year-old state law that supersedes Redding’s indicates that property owners who get ADUs approved between Jan. 1, 2020, and Jan. 1, 2025, do not have to live on the property. The state's change prompted Redding to consider updates to its ADU regulations. What an amazing opportunity to add rental income and additional value to your home! Metropolis Properties can answer all your real estate questions including ADU.
In far northern California median home prices increased by 19.4% in 2020. Mortgage interest rates also hit an all-time low well under 3%. Projections for 2021 also indicate that sellers will still have an advantage throughout the year. Market conditions favor sellers currently and will continue, so sell when you need to. If you are not ready, then do not rush it.
The bottom line is to list when you need to. Many people right now are dealing with a job change, divorce, relocating, managing children, health issues, marriage, etc. If you need to sell your current home right now or if you cannot find the time or energy to get your home market-ready, don’t worry. Try not to chase the market in either direction. When you are ready, Metropolis Properties will be here to “Make it memorable.”
215 Lake Boulevard Suite 813, Redding, California 96003, United States
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