Culpepper Landing

Market Projections for 2014. What do the “experts” think?

November 8th, 2013

Made in America HouseThe Chief Economist at the national research division of Hanley Wood , Jonathan Smoke, has peered into his glass ball for 2014, run his magical algorithms and determined the outlook for residential new construction for the Top 100 markets for 2014. His ratings are based on the overall economic health of each market and expected growth in new home sales next year. How did the Norfolk-Virginia Beach-Peninsula SMA rate? He gave our region a score of 78.4 (on a 100 point scale). Now, that’s a bit hard to decipher until you put it into context. The top local market was deemed to be The Villages, Florida (I can only assume that is the name of the actual city or metro market) with a score of 95.0. The bottom market was, somewhat understandably, Detroit, MI with a score of 32.8. And our neighbor to the north, Washington, DC, inside the beltway where most of the money seems to be flowing these days, attained a score of 86.2.  I would say this puts Hampton Roads into the category of “slow but reasonably steady” growth, which may be tempered based on how things like sequestration and defense cuts ultimately play out. So…how do you feel about the prospects for our region next year when it comes to housing?

Home Ownership Is Still Important.

October 25th, 2013

PNC Mortgage put out a recent Homebuyer’s Guide. It listed 10 Reasons to Own Your Own Home. Thanks, PNC Mortgage. A great reminder for all prospective buyers that homeownership is still a solid emotional and financial investment.

#1 - Equity ~ Money paid for rent is money you’ll never see again, but mortgage payments let you build equity in your home;

#2 - Savings ~ Building equity in your home is a ready-made savings plan. And when you sell, you can be eligible for tax-free gains (of course, you’ll want to consult a tax advisor);

#3 - Predictability ~ Unlike rent, your fixed-rate mortgage payments don’t go up over the years. However, keep in mind that property taxes and insurance costs may rise;

#4 - Freedom ~ The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home;

#5 - Stability ~ Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships and offers your children the benefit of educational continuity;

#6 - Owning Your Home Is the Number One Way to Build Financial Security ~ The Federal Reserve reports homeowners have an average of $184,000 in household wealth versus renters whose net wealth on average is $4,000;

#7 - Homeownership Gives Children a Great Start ~ Studies show that children of homeowners have higher educational levels, a lower rate of teen pregnancy and higher test scores;

#8 - You No Longer Need a Big Downpayment ~ Historically it was customer to make a downpayment of 20% of the home’s sales price, which prevented many people from being able to consider homeownership. Today, there are many affordable loan products that require little to nothing down;

#9 - Mortgage Interest and Private Mortgage Insurance May be Tax Deductible ~ For the first few years of the mortgage loan, it is typical that the vast majority of your payment is made up of interest. For many, that can mean significant tax savings (again, consult that tax professional about your individual situation);

#10 – It’s a Good Time to Buy ~ In today’s market, the affordable housing prices, inventory of available homes and low mortgage interest rates provide a great opportunity for many first-time home buyers.

At Culpepper Landing, we can show you beautiful homes, priced from $175,000 to the upper $400s, that will make your decision to become a homeowner an even smarter one!

Kitchens…Bigger, or just Better?

October 23rd, 2013

According to a recent survey by Houzz (have you seen the Houzz mobile app yet? Get it – it’s pure eye candy and chocked full of incredible ideas!!), people considering a kitchen remodel aren’t necessarily looking to get a bigger kitchen, just one that is more open with updated countertops and appliances. Do you agree? As an alternative to an expensive and disruptive remodel, why not buy a new home at Culpepper Landing where the kitchen design is already open and modern and you can select the cabinets, countertops and appliances that work for you?

The Intersection of Affordability and Luxury

October 2nd, 2013

One of the wonderful things about “Life at Culpepper” is the rich diversity of designs and price ranges this wonderful central Chesapeake community offers. From custom Single-Family homes to richly detailed Row Homes to our low maintenance/high style condominiums, The Villas, there seems to be something for everyone at Culpepper Landing. A real bonus is that you don’t have to lower your expectations about great construction detailing just to get a great price.

16The Villas4

There’s no better example of that than The Villas at Culpepper Landing by Corinth Residential. An intimate community of only eighty homes, The Villas offers features you’d expect to find only in much more expensive homes. Right now there are four homes ready for immediate delivery that offer hardwood flooring in the foyer, living room, dining room and kitchen, granite countertops and a stainless steel appliance package. These features are the highlight to an extensive standard features list that includes 9′ ceilings on both floors, durable, low-maintenance Hardie Plank siding, a walk-in laundry, dedicated office and a private fenced courtyard. And these homes are attractively priced below $175,000, offering you a total monthly payment less than most people pay in rent! And as a bonus, for any new contracts that close by the end of 2013, the Seller is adding a free washer/dryer/refrigerator package! On top of that, you get all the benefits of the Culpepper lifestyle, including the Aquatic and Fitness centers, clubhouse, parks, playground, dog park, walking trails and fountain-sprayed lake in an award-winning community (the #1 selling community in Hampton Roads in 2012 and 2013!!). The only question is…what are you waiting for?

 

 

Return of the McMansion?

September 13th, 2013

A recent Wall Street Journal article discussed how McMansions – those hated icons of the mid 2000′s housing excesses – are coming back. It stated the average housing size year-to-date for 2013 had grown to 2,642 square feet. That’s a bit frightening when you consider that’s just an average. And the story pointed out that this phenomenon was largely the result of move-up buyers who still had reasonable access to low-interest-rate mortgages taking the opportunity to “buy all the home they could afford”. It was a backhanded nod to how difficult it is for today’s first-time buyers to gain access to credit and those same low interest rates. While there’s certainly some truth in that, we think there’s more to the story when you look locally.

Front Elevation.jpg

We believe the incredible success of Culpepper Landing is its appeal to people who aren’t looking for McMansions, but right-sized homes in an amenity-rich setting developed in an environmentally-sensitive manner and surrounded by 150 acres of protected conservation areas. Our homes are affordable and appeal to this generation of buyers who are concerned about great design over pure big-box square footage. Buyers who understand that it’s the total cost of ownership that matters, not just the mortgage payment. Our builders are c0nstructing intelligent, livable square footage with modern materials, green techniques and an eye towards keeping monthly utility bills lower – freeing up more money in your monthly budget. Sure, Culpepper Landing can satisfy your need for a larger home if that’s your desire. And we’ll do it with style and efficiency. But it’s also great to know that whether you are interested in a low-maintenance Villa, the glamour of our decked out Row Homes or a single-family home that is “right-sized” just for you, you’ll be purchasing in a neighborhood designed to sustain your home’s value over the long haul.

The Great Dilemma: Own or Rent?

August 28th, 2013

This question races through the minds of most people at some stage of their life as they ponder whether to initiate or renew that lease…or take the plunge and buy a home! If you’re on the fence, the clickable flyer to the left will help you think through some of the issues you Rent versus Own Considerationsought to be considering. If you’ve already decided to stick your toe in the water and see what’s on the market in new homes in Chesapeake, we’d like to suggest you take a look at The Villas at Culpepper Landing. The low maintenance condominiums may be the perfect choice for you. The Villas offers 2 bedrooms, 2 1/2 baths, a dedicated office, walk-in laundry room, spacious master suite, 9′ ceilings on both floors, 42″ kitchen upper cabinets for added storage and a fence privacy area for morning coffee or cookouts with your friends. And The Villas resides within the larger Culpepper Landing community – twice host to Homearama and a River Star awardee for its environmentally sensitive development. You’ll enjoy the Aquatic and Fitness centers, clubhouse, dog park, lakes, playground and the “traditional neighborhood design” of Culpepper designed to honor the architecture and land planning of a simpler time the the fabric of community was woven into each neighborhood plan. Our sales center is open daily at Noon and is located at 554 Mill Creek Parkway. Can’t wait? Call our On Line Concierge, Jen Barkan, at 757-609-0602 and she can help get you started!

Introducing Culpepper Landing’s new On Line Concierge!

August 16th, 2013

If you’ve been to the Culpepper Landing website recently, you’ll notice a nice addition in the upper left corner of the site’s masthead. Jen Barkan hScreen Shot 2013-08-16 at 10.32.03 AMas come on board as Culpepper Landing’s own OnLine Concierge! Jen’s job is simple – to help you navigate the many choices available to you as a prospective new homeowner considering Culpepper Landing. Considering that Culpepper Landing offers 25 different floor plans from Villas to Row Homes to Single-Family Detached homes, Jen can be a tremendous help in understanding your needs and wants and directing you to the right plan! While Jen is a licensed REALTOR, she is not in sales. Her job is simply to assist you and provide you with the information you need to save time and make your home search as productive as possible!

If you’re looking for new construction in a central Chesapeake location with easy access to the Interstate, Culpepper Landing may be the perfect choice for you. Twice host to Homearama (2009 and 2012), Culpepper Landing was the #1 selling community in Hampton Roads in 2012 and is on pace to take that top spot again in 2013. Culpepper Landing offer a rich amenity package with walking trails, an Aquatic and Fitness center, a clubhouse, playground, dog park, numerous fountain-sprayed lakes and a diverse product line with pricing from the mid $170′s to over $500,000.  Truly there is a home and price to fit nearly every budget and lifestyle. Let Jen show you how “Life At Culpepper” might be just what you’re looking for by calling her at 757-606-0602.

Culpepper Landing Saluted as Environmental Steward on the Elizabeth

April 23rd, 2013

We are excited to announce that The Elizabeth River project recently noted Culpepper Landing as Achievement Level for 2013 for significant results in pollution prevention and wildlife habitat. Located next to the Dismal Swamp, Culpepper Landing has conserved 150 acres of wetlands and forest and recently planted 3 more acres of wildlife habitat as a buffer along the edge of the development. Developers planted native pines, maples, wax myrtles and magnolias. Read More…

riverstar project

Congratulations to the 2012 Spring Homearama winners!

June 28th, 2012

Best Home in Show
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: The Cherry Blossom by ABT Custom Homes
Bronze: Logical Living by Joey Corp.

The Cherry Blossom

The Cherry Blossom by ABT Custom Homes

Pilot Media Excellence in Building Award:
Logical Living by Joey Corp.

Hampton Roads REALTORS® Association’s Most Livable Home:
The Cherry Blossom by ABT Custom Homes

TBA Past Presidents’ Favorite Home
Logical Living by Joey Corp.

Critic’s Choice Awards

Best Kitchen
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: Made in America House by Vintage Homes
Bronze: The Intracoastal by Definitive Homes

Made in America House

The Made In America House by Vintage Homes

Best Bath
Gold: Made in America House by Vintage Homes
Silver: The Heron’s Nest by Richardson/Viridian Homes
Bronze: Caramel Cottage by Stephen Alexander Homes

herons nest

The Heron’s Nest by Richardson/Viridian Homes

Best Closet
Gold: Logical Living by Joey Corp., closets by The Closet Factory
Silver: Made in America House by Vintage Homes, closets by Custom Closets and Specialties
Bronze: Thirty Years Later by Reliant Construction Corp., closets by Bradenton Construction

Best Driveway
Gold: Logical Living by Joey Corp., driveway by Pool Deck Makeover Inc.
Silver: Caramel Cottage by Stephen Alexander Homes, driveway by Atlantic Foundations Inc.
Bronze: The Cherry Blossom by ABT Custom Homes, driveway by Pool Deck Makeover Inc.

Best Master Suite
Gold: The Cherry Blossom by ABT Custom Homes
Silver: Logical Living by Joey Corp.
Bronze: The Dawn Michelle by Les Ore Construction Co.

dawn michelle

The Dawn Michelle by Les Ore Construction

Best Outdoor Living
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: Logical Living by Joey Corp.
Bronze: The Cherry Blossom by ABT Custom Homes

Best Use of Technology
Gold: The Cherry Blossom by ABT Custom Homes, technology by Avast of Virginia
Silver: Thirty Years Later by Reliant Construction Corp., technology by Integrated Audio Visual
Bronze: (tie) Logical Living by Joey Corp., technology by Home Technology by Masters and The Heron’s Nest by Richardson/Viridian Homes, technology by Audio Connection

Best Family Room
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: The Intracoastal by Definitive Homes
Bronze: Made in America House by Vintage Homes

the intracoastal

The Intracoastal by Definitive Homes

Best Floor Plan
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: The Heron’s Nest by Richardson/Viridian Homes
Bronze: The Cherry Blossom by ABT Custom Homes

Best Curb Appeal
Gold: The Cherry Blossom by ABT Custom Homes; landscaping by R.W. Askew Nursery
Silver: Made in America House by Vintage Homes; landscaping by L&F Landscaping
Bronze: (tie) The Dawn Michelle by Les Ore Construction Co.; landscaping by L&F Landscaping and Logical Living by Joey Corp; landscaping by Basnight Land & Lawn

Best Home Furnishings
Gold: The Cherry Blossom by ABT Custom Homes; furnishings by Value City Furniture
Silver: Logical Living by Joey Corp.; furnishings by Carters Quality Furniture
Bronze: (tie) Caramel Cottage by Stephen Alexander Homes; furnishings by Furniture Classics and The Intracoastal by Definitive Homes; furnishings by Amish Originals

Most Creative
Gold: Caramel Cottage by Stephen Alexander Homes
Silver: The Heron’s Nest by Richardson/Viridian Homes
Bronze: Made in America House by Vintage Homes

Best Interior Design
Gold: Made in America House by Vintage Homes; interior design by A. Dodson’s
Silver: Caramel Cottage by Stephen Alexander Homes; interior design by Goodwin Interiors
Bronze: The Intracoastal by Definitive Homes; interior design by Batten Interiors

Best Landscaping
Gold: The Intracoastal by Definitive Homes; landscaping by Dreamscape Designers
Silver: The Dawn Michelle by Les Ore Construction Co.; landscaping by L&F Landscaping
Bronze: The Heron’s Nest by Richardson/Viridian Homes; landscaping by Winn Nursery

Best Craftsmanship
Gold: Logical Living by Joey Corp.
Silver: Made in America House by Vintage Homes
Bronze: Caramel Cottage by Stephen Alexander Homes

Vintage Homes’ Made In America House

May 22nd, 2012

The upcoming Homearama 2012 at Culpepper Landing made the news again this past weekend with Josh Brown’s article in the Virginian Pilot. T.E. Jones, owner and builder of Vintage Homes, describes the challenges in finding American made materials for one of Homearama’s featured homes, The Made In America House. Jones discusses how the building process has never been so painstaking which made him completely rethink how he puts together a home. Read the article

T.E. Jones of Vintage Homes and the Made In America House (House No. 7)