When a couple in Birmingham, just north of Detroit, bought an 1895 Queen Anne-style Victorian home, they knew they had a large project on their hands. Looking at pictures of the home as it was in 1990 made the wife a little overwhelmed. The husband saw it as an oppurtunity to make something special. It was an ambitious two-year effort that eventually paid off in a big way.
Just like the cleanup after a brutal storm, the state of Michigan is attempting to clean up after the recession. One of the hardest hit areas seems to be the housing market which has forced thousands of residents to relocate. As Congressman Dan Kildee explained recently, lost populations in cities across the state have led to an oversupply in vacant and abandoned housing, which in turn is driving down the property values for homeowners in the area.
Residents who live in the downtown areas of Michigan know that space is limited. And as readers of our blog have seen from previous posts, many developers have taken it upon themselves to reuse properties in areas with limited space and repurpose them to the needs of that particular area.
When the economy tanked in 2007, the United States was in the midst of what was to become the longest recession since World War II. But as the economy slowly began to rebound, consumer confidence grew lending aid to the boom in business ventures across the nation.
When it comes to building your dream home, the sky's the limit and to you, anything goes. But what many people in Michigan don't realize is that there are certain building codes that must be adhered to in the process.
In Michigan, and other states across the nation, the recession not only affected people but businesses as well. Many struggling business owners found it difficult to keep their shops open thus adding to the bleak outlook for the market.