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More Housing Coming to Both Bozeman and Belgrade

by Hart Real Estate Solutions

Bozeman Development

The longtime trailer park on North Willson Avenue may soon be transformed into a series of duplexes. Santa Clarita-based company, William Homes LLC, has filed plans to replace the trailers with 16 three-story duplexes, each designed to include 3 bedrooms and an apartment above the garage for future owners to rent out if they choose— all contained within 1,800 square feet.

William Homes, LLC has a portfolio that encompasses many different types of projects, ranging from $159,000 to $1,000,000, which includes everything from townhomes to gated luxury communities.

Although the details about price range and the transition process haven’t yet been announced, construction could start as early as this summer if the city approves the project. 

 

 

Belgrade Development

Plans for a 595-lot subdivision were discussed on Monday with the Belgrade City Council. The future proposed location for this new development sits on 153-acres of the former Prescott Ranch on Belgrade’s west side.

Some board members expressed concerns over non-existent streets that are currently reflected in the plans. The board wants all streets to connect through the subdivision as they are concerned with traffic pileups and proper traffic distribution, both of which are current problems in Belgrade. Another point of concern amongst the board were park sizes— the current plan reflects 5 parks spread out across the subdivision, each averaging 3 acres in size. The board suggested reducing this to either one or two larger parks.

Additionally, developers want to change the zoning from R-2 to R-3 in order to boost density and allow for multi-family housing. All input gathered at Monday’s meeting will be taken into account before developers submit a formal proposal to the city.

Bozeman Approves Cottage Housing to Improve Home Affordability

by Hart Real Estate Solutions

The City of Bozeman has passed a proposal to create smaller, cottage style homes to add lower priced inventory to Bozeman’s real estate market. Bozeman has been addressing home affordability in town for some time, including passing an inclusive zoning ordinance, while continuing to approve additional developments.

The general proposal encourages homes between 1,000 and 1,200 square feet, built surrounding the edges of a property, with an interior, shared common space between them. The design would aim towards using the land more efficiently, fitting many more units per acre with a clustered living style. The design creates a pseudo courtyard feel, with buildings surrounding a natural space.

Growing homes have, at the very least, contributed to growing home prices in Bozeman.  Since 1950, the average square feet for a Bozeman home has doubled, while the average household size has actually shrunk. As buyers have searched for bigger homes year over year, builders have obliged, requiring lower end buyers to buy more home or return to the rental market. Allowing builders more opportunities to create smaller homes will help renters and condo owners get more opportunities to own a detached home. 

The new proposal would also allow for infill development from Bozeman property owners and developers as well. City officials believe cottage housing will improve density, while avoiding large apartments and other urban designs. Previous ordinances had funneled developers into building condos. Condo owners own their own units, but not the exteriors or the land beneath them. The cottage homes would make detached homes more affordable while also giving home buyers the opportunity for land ownership.

Source: http://www.bozemandailychronicle.com/news/city/bozeman-pondering-cottage-housing-ordinance-to-provide-affordable-homes/article_d987b65f-87af-5e23-a661-708e91461a8c.html

http://www.bozemandailychronicle.com/news/city/bozeman-commission-delays-discussion-on-vacation-rentals-food-trucks/article_08f615da-3309-55fb-a406-4579ab709237.html

http://www.bozemandailychronicle.com/news/city/bozeman-city-commission-approves-cottage-housing-ordinance/article_52afe981-a29c-5540-a84c-39d60b57c4cf.html

 

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