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RECOMMENDATIONS AND CONCLUSIONS <br /> 410111111101 - <br /> I <br /> i <br /> Cottage-style(alley-loaded garage) Executive-style—side garage entrance <br /> r i <br /> Z\ <br /> .. :::;U a::a :'M a <br /> , _ —2:. + : "kti;i1.--— — <br /> Villa—Garage in front 2-story tuck-under <br /> • Side-by-Side and Back-to-Back Townhomes— This housing product is designed with three <br /> or four or more separate living units in one building and can be built in a variety of <br /> configurations. With the relative affordability of these units and multi-level living, side-by- <br /> side and back-to-back townhomes have the greatest appeal among entry-level households <br /> without children, young families and singles and/or roommates across the age span. <br /> However, two-story townhomes would also be attractive to middle-market, move-up, and <br /> empty-nester buyers. Many of these buyers want to downsize from a single-family home <br /> into maintenance-free housing, many of which will have equity from the sale of their <br /> single-family home. <br /> Side-by-side townhomes have been slow to recover from the recession. Many of the <br /> townhome developments completed last decade in Elk River had many lender-mediated <br /> sales and were attractive for real estate investors. Recently there have been a few new <br /> townhome developments move forward in the Twin Cities; however they have been <br /> located in high demand communities where the single-family market has priced many <br /> MAXFIELD RESEARCH&CONSULTING,LLC 105 <br />