Fall is here and with the change of weather comes the overwhelming urge to head to the mall for some new fall clothes. Well instead of investing in piles of sweaters…shift your gaze over to a new home. Ok ok…I know…the two items come with very different price tags, but nevertheless the fall is an excellent time to look into buying a new home. Here is our top reasons why now is a great time to buy a Cedarglen Home!
Reason #1: Interest Rates
Interest rates are the lowest that we have seen in 30 years, there is speculation that rates could increase in 2016. Why not take advantage of the low rates by purchasing a new home.
Cedarglen Homes recommends that you should get a pre-approval upfront so that you know what price point you should be looking at. Here is a look at what RBC suggests for first-time homebuyers.
Reason # 2: Quick Possessions with Income Property Potential
Just like you see on HGTV, we have some great income property potential in New Brighton for purchasers looking to rent out space to help with their mortgage. We currently have four quick possession homes with walkout basements that are move-in ready! These homes have an entrance directly to the basement as well as a side door entrance to the garage, which creates plenty of access to the basement. Prices range from $555,000 to $570,900 without basement development. With the current interest rate, you can own a 2092 square foot home with a walkout basement for only $1,145 bi-weekly (with 10% down payment). If you are looking for the basement to be finished to the same standard as the rest of your home, we can price that as well!
Reason # 3: Promotions
From referrals to feature homes, each of our showhomes are offering special incentives for the fall market. At 2309 sq.ft. we have our new model, the Cayley, available in New Brighton for a limited time only at $496,000. Riverstone’s feature model is the Wembley. This floor plan is an impressive 2508 sq. ft. and starts in the $650,000’s. We’re also offering competitive pricing in Auburn Bay for homes in this lake side living community. While you’re visiting our different showhomes, remember to ask about referrals as they can range anywhere from $1,000 to $5,000!
Reason #4: Limited lots in an established community
After 14 exciting years of building in New Brighton, we are down to the last 16 lots in the community! That’s right, not just the phase but the whole community of New Brighton is about to reach completion. With mature trees, plenty of parks and schools being built, we’ve loved being a part of shaping the New Brighton community. Homes in New Brighton are starting in the $490,000’s and quick possessions at $515,900.
We are in the final phase of move-up home opportunities in this beautiful lake community. Auburn Bay has been the top-selling community over the past 10 years. We should also remind you that the last phase is within walking distance to the new school under construction and that there are a few lots backing on the green space.
We just released Phase 69 which offers some of the best view lots in the community. With prices starting in the $620,000’s, this phase offers quick access to the Fish Creek walking paths and picturesque views of the river.
Whatever reason you may have for being hesitant on buying a new home, we encourage you to go out and talk to our Area Sales Managers, to find out why right now might be the perfect time for you!
Auburn Bay – 292 Auburn Shores Was SE
New Brighton – 823 New Brighton Drive
Riverstone of Cranston – 18 Cranbrook Lane SE
Walden – 183 Walden Heights SE
Enjoy your weekend,