Culpepper Landing

Archive for October, 2013

Home Ownership Is Still Important.

Friday, 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?

Wednesday, 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

Wednesday, 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?