As Charlotte, North Carolina, earns the title of hottest property market for 2023, one quick home-buying developer is helping meet the urgent demand for houses – focusing on benefiting not only sellers and first-time buyers but also the communities in which they operate.
Better Path Homes, based in Charlotte, aims to break down homeownership barriers by buying vacant lots and homes and selling them with a community-focused approach. Specifically, this method prioritizes people with unusual mortgages, first-time buyers, single mothers, and others who may struggle to achieve their homeownership goals.
“Our home creation initiative provides these and other buyers with a new home, suitable for them, in their price range. Otherwise, most of them wouldn’t be able to afford anything but a fixer-upper that would need excessive, expensive repairs, often in very undesirable neighborhoods,” says Matt Ruggiero, COO for Better Path Homes.
The company develops or renovates properties, selling them for under $300,000 at locations throughout the city and its surrounding areas. It is preparing to list more than 50 properties, which is perfect timing given the soaring demand from potential homebuyers in Charlotte.
One recent news article suggests that Charlotte is the top city in the United States for expected property growth throughout this year. That means a highly-competitive market with a limited amount of homes for sale. Better Path Homes’ approach is designed to alleviate some of these problems.
“We’re a unique kind of property company,” says Shannan Siegwart-Small, Marketing Director at Better Path. “We’re not realtors, and we are not building entire developments. Instead, we’re producing smaller, standalone, single-family houses, and with every single property we have the same laser-like focus on improving both the property and the surrounding community.”
The team at Better Path Homes, which currently has more than a dozen staff members, offers a streamlined and hassle-free way to get quick offers for their clients’ properties at competitive prices. This helps to reduce the costs of selling compared to using a realtor who will charge a commission, and it keeps expenses low for everyone.
While redeveloping vacant properties, Better Path Homes stands out by involving themselves with every step of the process – everything from landscaping and removing trees to the framing message when selling the property, ensuring each home lives up to the company’s rigid standards.
“We love watching the transformation of our properties, and we’re passionate about our role in helping to build the next generation of homeowners,” says Ruggiero, who urges buyers and sellers curious about the Better Path Homes process to get in touch. “Anybody who wants to know anything about the process, we’re always up for conversations.”
The company maintains a regularly updated blog on its website, informing people of its latest property market insights, and offers frequent updates on its Facebook and Instagram pages, where it details its current development projects.
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