#cary nc real estate
Cary Area Relocation Information
Whether you ve just driven through Cary, North Carolina or you have your own plot of Cary NC real estate, you ve likely noticed that there’s something inherently special about its design. Unlike most cities, where high class meets riffraff just one street apart and disparate prices and convenience alienate homeowners and renters alike, Cary real estate was designed with a specific plan in mind from the beginning. Cary’s first mayor, Allison Francis Page, was also an entrepreneur. He was the first person to purchase a piece of Cary real estate for development purposes. This humble farmer met with other businessmen back in 1854 and over the next twenty years thoughtfully constructed a saw mill, post office, bank, hotel and general store.
After the creation of the renowned Research Triangle Park throughout the 1950s, Cary had to deal with the arrival of settlers looking for high paying jobs in engineering and medical fields. Therefore, the town adopted Planning Unit Development zoning, which mandated that entire communities were funded and plotted out before construction began. They favored self-contained communities that not only gave residents a place to live, but also a place to work, socialize, shop, eat, exercise and relax! Many housing communities have Olympic-size swimming pools, basketball, tennis, racquetball and bocce courts, movie theaters, shops, eateries and open air cabanas, making Cary real estate characteristic for its low-maintenance, resort-style living, much like Orlando Florida.
Green space is very important to town planners, so when surveying new Cary real estate opportunities, the preservation of greenways is always considered first. “Greenways” are long trails lined by trees, wildflowers, lush grass, hiking and biking paths. For instance, Cary residents can stroll the Durham “American Tobacco Trail ,” the “Cape Fear River Trail” or simply walk out their front door and onto the nearest greenway built into their planned community.
In Spring 2007, Cary Town council began the “Downtown Cary Streetscape Project,” a $33 Million endeavor that aims to integrate public art into benches, signs, trash receptacles and bus shelters; to widen sidewalks and incorporate more on-street parking; to improve drainage systems and create a few traffic-freeing roundabouts.
The town is always working to offer more affordable housing for seniors and retail employees who may also want to partake in Cary real estate opportunities. With the “Affordable Housing Initiative,” …………. First time buyers can take advantage of the “Employee Home Ownership Assistance” program, buyers only need $1,000 – $5,000 for a down-payment and instead of paying $775/month for rent, they could own $120,000 house or townhouse. The new Summer Ridge Development on Chapel Hill Road offers $130,000 (or less) townhomes and Callan Park (off Waldo Street) has new townhouses for $105,000 – $128,000. Seniors can find affordable housing at Highland Village, The Commons and Weatherstone Springs.
Cary real estate is primarily comprised of newer units but in a few corridors, you can still find old housing that is undergoing restoration. The “Housing Rehabilitation Program” (as part of the “Healthy Neighborhoods Initiative”) provides seniors and people in need with deferred loans and grants for up to $20,000 to repair roofs, install heating or air conditioning or fix electrical and plumbing problems.
With a town council that cares (and has historically, always cared) it’s no surprise that Cary has won so many awards for being “one of the best places to live” (#5 on CNN’s Money Magazine charts, to be exact) and that Cary NC real estate is thriving!