Thursday, October 20, 2011

Has There Ever Been a Better Time to Buy a Home? - A Message from Larry Flick

You may be asking yourself, “Is now a good time to buy a house?” It can be a very difficult decision to make and there are several factors to consider. Larry Flick the Chairman and CEO of Prudential Fox & Roach, Realtors as well as The Trident Group, gives some points to consider when making the decision to purchase a home:


• Would a different home better meet your needs under your present personal circumstances?

• Do you feel secure in your job?

• Would you like the security of a long term investment?

• Do you like to save money?

• Would you like more control over your future?


Larry says that if you answer mostly “Yes” to these questions, then the now is the right time to purchase a home. House prices and interest rates are at their lowest since the 1950s. Forecasts predict that prices may drop even more next year and you may wonder if it is better to wait until then. Fact is, there is no guarantee that the prices will drop more, it would only be an assumption. The bigger question is, will the interest rates stay the same? The rates are currently at an incredibly low point historically. However, they may rise over the next year. Taking advantage of this now would mean lower mortgage payments which could potentially save you more over the long run if you plan on staying in your home a while.


If you already own a home, and ask yourself “Is now the right time to sell?” Again, Larry suggests applying the same above questions and if the answer is “Yes”. Then now is the right time to sell your home. Again, just as we cannot assume that house prices will drop more, we also cannot assume that they will rise over the next few years either.


So take the time to answer the above questions while considering that fact that both home prices and interest rates are at a historic low. Then you can make the decision that will move you into a brighter future.




For more information and regional sales reports, read Larry Flick’s article “Has There Ever Been a Better Time?” – Fall 2011 Chairman’s Report for more information.



New floorplans and pricing are available at Athertyn at Haverford Reserve




Friday, October 14, 2011

NAHB: Guide to Buying a Home

From the NAHB:



If you are thinking of buying a new home, you must pay close attention to many details to ensure that you find one that will suit your needs and preferences. Before you start shopping, you should sit down with the members of your household to discuss your preferences and the many options available to you. Here are some things you should consider:

Financing

How much can you afford? Visit our “Financing Your Home” section for resources and tools to help you learn about mortgages, obtaining financing, insurance and other useful information.

Features

An easy way to organize your thoughts is to write each separate feature that you want on a 3X5 card, and arrange the cards in order of their importance to you. For instance, if you like to cook, you may want a home with a large, well-equipped kitchen. Or you may settle for a small kitchen, so that you can have extra space for a library, office, or computer room. Some home buyers seek large, open interior spaces, while others prefer traditional rooms that afford more privacy. Some choose homes with large yards. Others opt for condominiums where they can avoid yard maintenance entirely.

While looking for a home, consider whether your needs are likely to change over time. If you plan to add rooms, find out if there is enough space on your site for such expansion and whether such additions are permitted by your local jurisdiction.

Management

Options include single-family homes, condominiums or cooperatives. With a single-family home in a development, you'll be responsible for your own yard and home, but may be restricted to certain design elements or other regulations if there is a home owners association.

A condominium is a home in a multi-unit complex, such as an apartment building or a townhouse cluster. You own the home, and you and your neighbors jointly own the common elements, such as the land around the complex, the parking areas, building exteriors, hallways, utility pipes and recreational facilities. A condominium owners association is responsible for maintaining the jointly owned elements. The day-to-day business of the complex is generally handled by a managing agency.

The owner of each condominium unit has a vote in the affairs of the community. Each owner pays a fee to cover the operating expenses of the property and usually contributes to a reserve fund for replacements (such as a new roof) or improvements (such as decorative landscaping to improve the value of the property). Changes and improvements to the complex may be made only as you and your co-owners desire. You are responsible for maintaining the interior of your condominium unit. Typically, you will not have to perform outdoor chores.

Cooperatives offer lifestyles similar to condominiums, but rather than owning your unit, you own shares of the stock of the complex. Stock owners are jointly liable for the cooperative's debts.



For more information visit www.nahb.org



Ownership in the condominium community of Athertyn at Haverford Reserve offers amenities such as a stylish clubhouse, swimming pool, fitness center, tennis court, meeting rooms, game rooms, indoor golf simulator and putting green!



Wednesday, October 5, 2011

Historic Highlight: Athertyn Wins Two National Awards in the Best of 50+ Housing Competition

Vibrant fall foliage creates a spectacular scenic backdrop to Athertyn, where new homeowners are happily admiring the autumn leaves – not raking them!  Residents are savoring their first taste of freedom from yard work and home maintenance in this award-winning community in the heart of the Main Line.

A private residents' clubhouse is central to Athertyn's design, with a fitness center, executive style library and conference room, game room, club room with bar and billiards, and great room providing abundant options for socialization and recreation.  Outside, residents enjoy a tennis court, putting green, pool with spa, formal gardens, and community flower and vegetable gardens, as well as access to five miles of nature trails surrounded by more than 120 acres of preserved open space and 45 acres of township environmental and recreational areas.




Free yourself from the burden of home maintenance and enjoy the good life at Athertyn!

"We developed Athertyn in response to a demand for simplified, maintenance-free living on the Main Line, and our continued sales success reflects our buyers' excitement about the community," said Todd Pohlig.  "Many of our new homeowners find themselves relieved of the burden of home maintenance for the first time in a very long time, and Athertyn gives them every opportunity to enjoy their newfound freedom."

Situated in the 209-acre Haverford Reserve, Athertyn features environmentally friendly design in an extraordinary park side location, where natural storm water management systems and sensitive land development practices preserve the surrounding habitat.  The upscale condominium residences feature traditional Main Line architecture with steel and concrete construction, including natural brick, limestone, and stucco exteriors.  Inside, comfortably proportioned floor plans and abundant natural light contribute to energy conservation, while Energy Star appliances, Low-E glass windows, and high-efficiency heating and cooling systems further boost the homes’ efficiency rating while helping to reduce utility bills.

"Our customers are will informed about preservation and environmental issues", said Don Pohlig, a principal of the Pohlig organization.  "Athertyn appeals to buyers in part because it's built with green principles in mind by a builder that shares their commitment to sustainable, earth –friendly practices."



In 2009, the National Association of Homebuilders presented Pohlig with awards for Best Active Adult Community and Best Clubhouse.