More and more buyers are moving up in a single neighborhood. Home buyers purchase a home that requires some renovations for a lower price. Then, they renovate at their own pace, building up what is often referred to as “sweat equity.” This equity in turn is used to a buy a larger home

 This practice is common in more mature neighborhoods like Riverside, Avondale and Ortega. Homes in these historic communities are valued in the range of $200,000 to more than $1 million. The advantages of remaining in these neighborhoods include the maturity of the community, architectural features, fabulous location, numerous parks, waterways, shopping and restaurants. Many seek out a larger home in the same neighborhood because of children. By staying in the same area, kids will remain at the same school. Staying the same neighborhood allows families to stay connected. Many who live in one of these historic communities want to enjoy modern conveniences offered by newer constructions. Riverside-Avondale Preservation and the Jacksonville Historic Preservation Commissions have guided the flawless blending of new constructions with older homes.