Boulder County Realty Real Estate BlogRecently posted or modified blog posts in the category - Buying a Homehttps://www.advancedhomegroup.com/blog/Copyright AdvancedHomeGroup.com2020-08-18T13:14:58-07:00tag:advancedhomegroup.com,2012-09-20:5394Somerset Meadows- Time is Running Out
Time is of the essence to scoop up one of only a few remaining new construction homes in Somerset Meadows, a new neighborhood in Longmont, Colorado.
In this quick tour, Kirk walks you through the Adler floor plan and is referencing lot 38, which will also be the Adler, however, it will be a flipped (mirror version of it).
These homes are built by Lennar. For a number of reasons, you simply won't find new 6,000+ square foot homes with a 3 car garage and lots over a quarter acre- for under $1M in Boulder County, ever again!
Text/call Kirk at 720-649-6300 to learn more.<br />2020-01-28T18:52:00-07:002020-08-18T13:14:58-07:00Kirk Wittigtag:advancedhomegroup.com,2012-09-20:4342Downtown Superior - New builders offer options for all phases of lifeDowntown Superior continues to develop and some exciting new residential options are now available including three neighborhoods offered by builders that are new to the Downtown Superior space. If you live in and around Superior or Louisville, or frequent the Sports Stable for hockey practice or events, then you have watched as Wonderland Homes sold out of their four-story townhomes and Remington Homes completed and sold their Phase I townhomes and single family homes and are now selling units with new floor plans for Phase II. Thrive Builders, the last of the original three builders to secure land within Downtown Superior, has broken ground on their two-story solar powered row homes. Now we have more builders on the scene: Boulder Creek Neighborhoods, Discovery Residential, and Toll Brothers. Read on to learn more about all current and future plans from these various builders.
Overview of Home Builders
Remington Homes
<img src="https://assets.site-static.com/userfiles/1323/image/lauren/0916191308a_HDR.jpg" width="300" height="225" title="Remington Homes Downtown Superior Single Family" class="img_box_right" />Currently selling new floorplans for both townhomes, starting at $564,000, and single family homes, starting at $636,000, in Phase II. Four new townhome floorplans range from 3-4 bedrooms, 2.5-3.5 bathrooms, and 1,700-2,200 square feet. All floorplans include 2 car garages and 10 foot ceilings in the 1st and 2nd floors with 12 foot ceilings in the master bedrooms. Three new single family floorplans all offer 3 bedroom, 2.5 bathrooms, and 2 car garages. The floorplans differ in layout and square footage from 2,300 – 2,500 square feet. Call 720-339-1500 to schedule an introductory meeting to review floorplans, estimated building schedules, etc. as these homes are not yet built.
Thrive
<img src="https://assets.site-static.com/userfiles/1323/image/lauren/0916191244a_HDR.jpg" width="300" height="225" title="Thrive Homes Downtown Superior CO" class="img_box_right" />Currently selling two-story solar-powered row homes starting at $574,000. Floorplans range from 2-3 bedrooms, 2.5-3.5 bathrooms, and 1,500 – 2,000 square feet. All plans have oversized two-car garages. This builder differentiates themselves from others in their focus on energy efficiency and use of building materials with less environmental impact (i.e. solar panels are standard, water heater is tankless, low VOC paints, and use of reclaimed wood for finishing pieces). These homes are worth checking out. The location of the Thrive homes is unique in that they are adjacent to the childrens’ playground and slightly higher on the hill in the Downtown Superior Community.
Thrive have almost completely sold out of their first phase of homes, with just three of thirteen total residences still available. There are plans to open sales of the 18-24 homes slated for Phase II in October 2019. For an update on availability and to schedule a tour, call 720-339-1500.
Discovery Residential
<img src="https://assets.site-static.com/userfiles/1323/image/lauren/0916191241a_HDR.jpg" width="300" height="225" title="Discovery Residential Downtown Superior CO" class="img_box_right" />Discovery Ridge is collection of 20 single family homes with larger square footage, mountain views, and no HOA. Floorplans are categorized by “Collection”. The Silver Collection starts at $1,050.000 and has two floorplans that are approximately 2,600 square feet with two bedrooms and 2.5 baths. Some of their floorplans provide for two master bedrooms, which is a nice feature when entertaining guests for extended stays. The Gold Collection starts at $1,200,000 with three floorplans that are approximately 3,400 square feet with 3-4 bedrooms and 2.5-3.5 baths. One of the floorplans has a main floor master. This builder offers some higher-end finishes including steam showers, heated floors, and customized closets. Call 720-339-1500 to schedule a personal tour.
Boulder Creek Neighborhoods
Lanterns at Rock Creek refers to the development currently underway just east of Downtown Superior and just off of S 88th St. These homes will be ranch-style paired patio homes starting at $640,000. There are four floor plans ranging from 1,700-3,300 square feet with 2-4 bedrooms and 2-4 bathrooms. The differentiating aspects of these homes compared to other options at nearby Downtown Superior are that they are one level and paired or connected to one other home. These homes are being pre-sold, call 720-339-1500 to learn more.
<img src="https://assets.site-static.com/userfiles/1323/image/lauren/0916191238_HDR.jpg" width="300" height="225" title="Boulder Creek Neighborhoods Rogers Farm Downtown Superior" class="img_box_right" />Rogers Farm refers to the development currently under construction on the north side of McCaslin, just across the road from Downtown Superior, and on the same side of the road as Whole Foods and Target. The development will feature single family homes, starting at $730,000, with three floor plan options ranging from 2,440-2,800 square feet with 3-4 bedrooms and 3.5-4 bathrooms. The differentiating aspects of these homes compared to the single family options across the street at Downtown Superior are that they offer more garage space (two to four car options) and slightly larger lot sizes. These homes are being pre-sold, call 720-339-1500 to learn more.
Toll Brothers
This national builder is currently resubmitting their application to Superior City Council to develop 199 townhomes and 101 single family cottages over 37 acres next to Downtown Superior, starting in 2020. The building would occur in four phases. There will likely be six floor plans for the townhomes and five floor plans for the single family homes.2019-11-04T09:00:00-07:002019-12-16T13:18:05-07:00Lauren Wittigtag:advancedhomegroup.com,2012-09-20:3267Avoid These Mistakes When Buying New Construction<img src="https://assets.site-static.com/userfiles/1323/image/IMG_0478.JPG" width="1152" height="768" />
Purchasing a brand new home in a new development can be an exciting option. It’s easy to pop into the sales center of new developments and entertaining to tour the beautiful model homes. The sales center representatives, who act on behalf of the developer as real estate agents, will put you at ease and encourage you to proceed with the process of buying without independent representation. Please review the common mistakes buyers make below before touring new homes.Purchasing a brand new home in a new development can be an exciting option. It’s easy to pop into the sales center of new developments and entertaining to tour the beautiful model homes. The sales center representatives, who act on behalf of the developer as real estate agents, will put you at ease and encourage you to proceed with the process of buying without independent representation. Please review the common mistakes buyers make below before touring new homes.<br /><br />1) Not visiting the development with your realtor on the FIRST visit.<br />This is one of the most regretful mistakes that buyers make and it can be easily avoided. Essentially, the builder has allotted money to pay the real estate agent (representing you) a commission because they know that agents bring lots of buyers. The problem is that the builders hire sales representatives (the ones that assist you at the model homes) typically on a commission based employment (base salary + commission) so the sales reps are incentivized to work with as many unrepresented buyers as possible. The builders have a simple rule in place that if not followed, can cause some real issues. That rule is that the agent who is representing the buyers MUST both register the buyers with the sales office (stating that the agent is representing them) AND be with the buyers the first time they visit the new community. If that doesn’t happen, then the buyers agent will likely not be paid a commission by the builder and therefore, won’t assist the buyers throughout the numerous stages of the new home buying process. Or, the buyers agent representing you may turn to you for the payment of their commission. <br /><br />2) Assuming the final purchase price will be similar to that of the base price and falling in love with the model home.<br />It’s simple for buyers to tour a model home and fall in love with the home in large part due to fancy finishes. You’ll want to get a clear understanding of just what is included in the base or standard price. You’ll likely be surprised at just how few things are included and that you’ll have to tack on many “upgrades” to get a house that even remotely resembles that of the model home you love.<br />
<img src="https://assets.site-static.com/userfiles/1323/image/IMG_0476.JPG" width="1152" height="768" /><br />
3) Running up debt before closing on your new home.<br />The construction process of a new home can take 6-10 months and the builders will make sure that you’re pre-approved at the start of the process. Over the course of the next 10 months or so, buyers may wind up buying another car and run up credit card debt buying things for their new home such as furniture, blinds & appliances. The lender will check your debt to income ratio’s again prior to closing so be sure to keep your spending consistent and if you’re thinking of making any big purchases, talk to your Realtor and Lender first.<br /><br />4) Thinking that you can’t afford a brand new home. <br />Typically, new homes are more energy efficient than existing homes, which can help save money on utility bills. Also, there tend to be fewer projects around the house that you’ll want to take on after buying a new home. After buying an existing home, however, you might find yourself in the midst of many projects and living within a construction zone as you remodel the house. Renovating a kitchen and bathrooms can take a fair amount of time and be a large cash outlay whereas a new home might cost more at closing, you’ll likely just be making one monthly payment with a low interest rate and not have to take on large jobs. Sometimes financing is the better option. With todays interest rates on a 30-year fixed rate mortgage, you’ll typically spend around $50/mo on your mortgage payment for every $10,000 borrowed. So, would you rather have a brand new $10k value bathroom for an extra $50/mo or spend $10k cash out of pocket and be living in a construction zone working evenings and weekends? <br /><br />5) Choosing the wrong mortgage.<br />We caution against anything less than a 30-year fixed rate mortgage. Why? Because most of us have mapped out our future, however, things can and typically will change. If you’re feeling pretty confident that you’ll only be staying in a home for 5 -7 years and therefore choose a 15-year mortgage or adjustable rate mortgage, you’ll have to ask yourself what happens if we end up staying longer? Do the benefits of the mortgage you’re considering outweigh the risks? <br /><br />6) Assuming that new construction means the home won’t have any issues.<br />Like any business, there are great builders out there and terrible builders out there. Some clear differences between them is how they handle issues when they inevitably arise, what types of construction materials are being used and work ethic of the craftsmen actually building the homes. Seek a competent new construction Realtor that knows what to look for from the time the builder breaks ground to the time you get the keys to your new home and who is looking out for your best interests all along the way. <br /><br />7) Thinking that the home buying process is easy because it’s new construction. <br />The process of buying a new home is entirely different from that of a resale property. - First, the price advertised is typically the “base price” and not the final purchase price. You’ll need to budget your money wisely since there are plenty of structural upgrade options and design options to choose from. This is in addition to the available lots and lot premiums that are tied to those lots. These options routinely add 10% - 20% on top of the base price. You’ll need to navigate your way through the barrage of options and choose those that mean the most to you and then you’ll have lots of styles and colors to choose from when it comes to the design options.- Second, the contract paperwork is entirely different than a resale property.- Negotiations are different. With new builds, unless under extreme economic downturn circumstances, there is no room for negotiation on the base sales price. Depending on demand and time of year, there may be some wiggle room on the price of your options and upgrades. - The quality of the construction. Unless you have spent years on new construction sites or have gone through extensive training on new construction, you won’t likely know what to look for to determine if things were done properly or not throughout all phases of the construction process. Just because the builder has gone with quality materials doesn’t mean that you’ll get quality workmanship. You’ll want to have someone you can trust to visit the site multiple times and check for flaws. Whether it’s you, your realtor or parents/in-laws, have one or more people on your side that are wise about construction.<br /><br />8) Failing to choose a Realtor who is experienced with new construction and independent of the development itself.<br />Buyers often feel a real estate agent isn’t necessary when buying a new construction home because there’s a sales representative within the new development that is there to assist them with their questions. The problem is that the sales representative works for the builder and has the builder’s best interests in mind, not yours. You have nothing to lose and much to save by hiring a real estate agent that will work on your behalf and who has significant experience with new home construction. On top of that, the real estate agent won’t cost you any money because the builder will pay their commission (it’s not something that needs to be negotiated).<br /><br />9) Being set on a specific lot or lots within the new development. <br />While it’s nice to have favorites, you could be sorely disappointed if you don’t get one of the lots that you have pre-selected in your mind. Sometimes the lots are first come, first served, however, the majority of the time, there are waiting lists that come around even before the builder breaks ground on the land. These buyers then have first choice over the lots as they are released. If your lot does become available to you, another challenge you could run into is that the neighboring lots may have chosen the model you like most and the builder can’t/won’t put two of the same models right next to each other. So, it’s good to be very familiar with the lots and which you prefer, but strive be flexible if your ideal lot is not possible to get. <br /><br />10) Not hiring a third party home inspector. <br />When the new home construction labor force is in high demand, the subcontractors actually building your home may be overworked and so can the city/county building inspectors. Being overworked means that mistakes are made and things are missed. Don’t make the assumption that residential building codes equate to a perfect home in the end. Building codes are primarily designed for health and safety and like I said, even these areas could be missed on occasion. So, consider having a pre-drywall inspection done so that things can be discovered before they’re covered up. Also, consider having an inspection done prior to closing and another inspection done after one or more years living in the house but before the end of your builder warranty so you don’t lose your ability to make a claim before the warranty expires.<br /><br />11) Not reading the contract paperwork. <br />Unlike the state approved purchase contracts used for most resale (existing) properties, builders have the unique ability to create their own purchase contracts in Colorado. What that means is that you’ll typically find that the purchase contract for new home construction is very much in the favor of the builder, especially in a hot market. Many times, the contract can be summarized by saying that the builder has very little liability and the buyer is hoping that the builder completes the home so they can move in. Even earnest money, that is meant to be sitting in an escrow account, can be spent by the builder right away on whatever they want. If you want new construction, you have little choice but to read, become very familiar with the paperwork and literally hope that they’ll complete the project and on time. There is typically no language with teeth against the builder since it’s their contract. 2019-10-16T16:31:00-07:002019-11-04T11:16:22-07:00Lauren Wittigtag:advancedhomegroup.com,2012-09-20:3120Is Getting a Home Mortgage Still Too Difficult?<img src="https://assets.site-static.com/userfiles/1323/image/getting-a-home-mortgage.jpg" alt="Is Getting a Home Mortgage Still Too Difficult?" title="Is Getting a Home Mortgage Still Too Difficult?" height="410" width="750" />
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offering something that will meet the needs of their family.
Mortgage lending companies have high standards so it is important to make sure you and anyone else who will be included on the mortgage have their credit in check. The mortgage market is strict because lenders do not want to be put in a situation where they are forced to repurchase loans that are not paid on. They also do not want to end up in a litigation situation due to loan issues.
What Has Happened to the Number of Mortgages?
Due to the strict nature and requirements of the lending companies, the number of mortgages given out has significantly dropped. A report by the Housing Financial Policy Center at the Urban Institute showed that about 6.3 million fewer mortgages were given out between 2009 and 2015. The reasons behind this statistic are strict regulations and policies. These mortgages would have been granted if the lending standards where more reasonable.
Mortgage companies rely on calculations to determine if a home buyer will become delinquent on their payment. They will not give you a loan if you are too much of a risk for them. Credit history has a huge impact on this decision since lenders can see how often you pay back your debts. The history they receive is extensive. This view into your financial past causes lenders to take less risk when lending to you for your mortgage.
The Effect on the Economy
The housing market is recovering at a slower pace than it should since less potential homebuyers are being offered loans. While the market is still recovering with positive trends, fewer buyers can create a strain on other economic factors like home goods or construction jobs. Bottom Line
After the housing market boom and bust, mortgage lenders became stricter in their lending standards. It is not impossible to get a mortgage loan, but it can still be difficult for potential home buyers. Stay on top of your credit and make sure you and anyone else who is applying are in a good financial position so you can be approved for a loan. It is important to research different companies and their requirements to ensure success in getting a mortgage.2019-03-20T15:52:00-07:002019-03-20T15:54:54-07:00Kirk Wittigtag:advancedhomegroup.com,2012-09-20:3118Common Things to Look Out for Before Buying Your Dream Home<img src="https://assets.site-static.com/userfiles/1323/image/3-questions-to-ask-before-buying-your-dream-home.jpg" alt="Common Things to Look Out for Before Buying Your Dream Home" title="Common Things to Look Out for Before Buying Your Dream Home" height="410" width="750" />
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, they are not fully aware of what is happening in the housing market.
It is important for you to be prepared and have your own questions ready. No matter what other opinions you are getting, you are the one buying the home and your comfort level will help make your final decision. Here are three important questions to ask before you purchase a home.
1. Why am I Buying a Home?
Regardless of the finances, it is important to think about what made you want to buy a home in the first place. Usually the reasons don’t have to do with money. Instead, home buyers are focused on how the house will impact their family in the future. A study done by the Joint Center for House Studies at Harvard found there are four reasons people buy a home. Those reasons include schools for your children, a safe environment, more room for your family to grow, and control of your own space.
These factors are the most common reasons people look to buy a new home. When you ask yourself why you are looking to purchase a home, do any of those factors come up? Spend time with your spouse or family members who are involved in this decision and determine why you want a home in the first place. Creating this list will help when searching for a home and can help your real estate agent find the best home for your needs.
2. What is the Trend with Home Values?
Our current economy and housing market is strong. That means home values and mortgage rates are increasing. If you are looking to purchase a home but want to stay within a budget, it may be in your best interest to move quickly. It is forecasted for these trends to continue in an upward motion, causing home values to continue to increase.
3. What About Current Mortgage Rates?
The ticket price is not the only thing you should be concerned with when purchasing a home. Mortgage rates are always changing and can have a huge impact on your monthly payments. Current trends show mortgage rates are rising. This is something to consider if you are debating the right time to purchase a home, since the rates may be even higher down the road.
Bottom Line
You and your family are the only ones who can determine the right time to purchase your dream home. It is important to decide exactly why you want a new home for your family and decide on a budget that will be comfortable moving forward. This budget may affect the amount of time you have to search for a home, since home prices and mortgage rates are increasing. 2019-02-20T16:52:00-07:002019-05-01T17:33:49-07:00Kirk Wittigtag:advancedhomegroup.com,2012-09-20:3235Is Boulder's Affordable Housing Fund in Jeopardy?<img src="https://assets.site-static.com/userfiles/1323/image/AffordableHousing.jpg" width="500" height="393" />
Commercial Construction may not “pencil-out” for many developers following a city council vote last month in favor of raising a mandatory cost of developing in the city 150% from $12 per square foot to<a title="Boulder Affordable Housing" href="https://www.rockymountainrealestatelaw.com/2018/03/boulder-county-municipalities-look-to-double-affordable-housing-linkage-fees/" target="_blank" rel="noopener">$30 per square foot</a>, which is second in the nation to Palo Alto, CA at $35 per square foot. The one-time fee is known as the “affordable housing linkage fee” and funds affordable housing development and programs. This is a hotly contested issue as city council was split 6-3 in favor of the increase. The also has tiers for example service facilities like hospitals are required to pay $20 per square foot and warehouse facilities are required to pay the minimum rate of $10 per square foot.
Stakeholders are divided. Opponents argue that the effects of the November 2016 rate hike from $9.53 per square foot to $12 per square foot have not had time to take effect and increasing the rate to $30 per square foot would stifle commercial development and exacerbate the city’s current $4 million budget shortfall due to already low sales tax revenue. Lack of commercial development would strangle contributions to affordable housing programs. They advocate for re-zoning of areas from commercial or industrial to residential versus raising development costs. Supporters of the rate hike argue that such a drastic increase in the fee is necessary to incentivize housing development over commercial development in an effort to alleviate the city’s jobs/housing imbalance. Following the vote, city council members in favor of the rate hike cited that now commercial developers will now be charged at a level that is similar to the sum of fees that residential developers pay. Currently, the city’s affordable housing fund is $1.7 million. To put things in perspective, the construction of a new 10,000 per square foot office building would contribute $300,000 to the fund while a property on the scale of the new 200,000 per square foot Google campus on Pearl St would contribute $6,000,000.2018-05-07T17:58:00-07:002019-05-01T18:01:15-07:00Lauren Wittigtag:advancedhomegroup.com,2012-09-20:3117Will Increasing Mortgage Rates Impact Home Prices?<img src="https://assets.site-static.com/userfiles/1323/image/mortgage-rate-projections.jpg" alt="Will Increasing Mortgage Rates Impact Home Prices? " title="Will Increasing Mortgage Rates Impact Home Prices? " height="410" width="750" />
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when interest rates are rising, but this is not always the case.
This theory of home prices decreasing is typically discussed by future home buyers. As a buyer you would like to think if you are paying higher rates on your mortgage, you should be able to see a decrease in cost somewhere else. Unfortunately, these rates are rising because the economy is in better shape. As the economy succeeds, incomes rise, rates go up, as well as the price of the home.
A recent study by the John Burns Real Estate Consulting found mortgage rates have very little impact on the cost of the home. The housing market and price increases are affected by things like job growth in the area and rising wages. Coincidentally, these same factors are causing the rise in the mortgage rates since people can afford to take out more.
Bottom Line
As the economy progresses and strengthens, mortgage rates and home prices will fluctuate. It is a misconception as rates increase, home prices will decrease. Advances in the economy have shown that rates and home prices are more likely to increase together.2018-03-20T15:52:00-07:002019-11-23T23:45:47-07:00Kirk Wittigtag:advancedhomegroup.com,2012-09-20:3254Downtown Superior Update: Fall 2017
This past August, residential lots in the very first filings for Downtown Superior were listed for sale. As noted in the <a href="https://www.bouldercountyrealty.com/fine/real/estate/blog/33626">first article</a> of our series, it was the beginning of the highly anticipated roll-out of townhome and single family properties in Superior’s last large residential tract. The rate at which these first offerings were scooped up is not surprising as demand was (and is) expected to be high. Downtown Superior is one of the last opportunities to find new construction in a mixed-use master planned community that is so close the foothills. The land on which this community is being built was annexed to the Town of Superior in 1997. Over the past 20 years, city officials have collected public input via a visioning process, reviewing multiple development concepts and carefully interviewed bids for development. The Town signed an agreement with Ranch Capital, LLC. to develop the land in 2013. The community was originally referred to as Superior Town Center but is now called Downtown Superior.
The development of Downtown Superior began in 2015 with the 157,000 square feet <a href="https://www.sportstable.club/page/show/2066148-home">Sports Stable</a>. This enormous facility boasts three ice rinks, three turf fields, an arcade, virtual golf bays, batting cages, pitching lanes, a pro-shop, <a href="https://www.synapsept.com/">Synapse Physical Therapy</a>, <a href="https://fitfuelforyou.com/">FitFuel Performance Nutrition Consultants</a>, <a href="https://bouldertherapeutics.com/">Boulder Therapeutics Massage</a>,<a href="https://www.stickscoffee.com/">Stick’s Coffee</a>, and <a href="https://www.brunossuperior.com/">Brunelleschi’s Pizza & Pasta</a>. Downtown Superior is also slated for the development of hotels, commercial space for 20 retailers, 25 restaurants, medical offices, and 42 acres of open space. A pedestrian promenade will run through the heart of the mixed use area centrally located within the 157 acre site. The community will have three main entrances: one off of McCaslin just off of the round-about, one via a bridge over Clear Creek by the Old Boulder Valley Ice Ranch site, and the third off of 88th Avenue leading into the Rock Creek neighborhood.
Q4 2017 Updates<br />Street Construction: There are plans to connect Main Street to the roundabout on McCaslin by the end of October.<br />Parks: The construction of any parks in the community will happen in two years in the best case scenario as funding for their development is unknown. <br />Hotels: Downtown Superior is approved for 500 hotel rooms. Element Hotel, which is part of the Westin Hotel group, announced that it will begin construction shortly. It will be located where the former Boulder Valley Ice Complex once stood, immediately next to Superior Liquor and Old Chicago. The hotel will be a four-story structure with 121 rooms. The rooms will range from studio to 2-bedroom layouts with kitchenettes. An outdoor pool is planned. Downtown Superior’s master plan allows for additional hotels located next to Element as well as near the pedestrian promenade on the main street. <br />Restaurants/Retailers: These types of shops will be located in an area known as Town Square Plaza. <br />Medical Offices: The multi-story structure being built directly to the southeast of the Sports Stable will be Downtown Superior’s medical office building and it is 60% leased. A parking garage is being built adjacent to the structure. The building is slated for exterior completion by Q1 of 2018 at which point tenants will commence with interior improvements and should be open for business by Q2 2018.<br />Residential: As the beginning of Q4 2017, both Wonderland and Remington are practically sold-out for their current filings with some limited availability. We are currently working with clients in the process of buying in Downtown Superior and advise that newly interested parties join the builder’s waitlists for first-pick of lots, etc. It is currently possible to secure lots that will be released in the end of Q4 2017.<br /><br />The three developers tasked with building the 1,400 residences in Downtown Superior are Remington, Wonderland, and Thrive. All developers are focused on providing homes with clean and modern finishes that are energy efficient, close to parks and open spaces, public transport, and shopping. Here is a breakdown of each developer’s background and plans for layouts, prices, etc. Some developers are farther along than others in terms of released filings and estimates for completed build-outs. <br /><br /><a href="https://www.remingtoncolorado.com/downtown-superior-townhomes">Remington</a> – A Colorado-based builder with 50 years of experience who advertises their flexibility with customizing floor plans. They offer three different floor plans for their townhomes and three floor plans for their single family homes. Remington was awarded multiple filings that will in total makeup 800 or so homes. The townhome floor plans range in size from 1,355 – 1,775 square feet and are three stories tall. The current filing allows for 48 lots that are available. Prices start at $430,000 for the townhomes and $624,000 for single family homes. All plans provide for 2-3 bedrooms, 10-12 foot ceilings on the 1st and 2nd floors, attached two-car garages, and covered outdoor balconies. Granite countertops, maple cabinets, and stainless steel appliances are standard in the kitchens. The single family floor plans range in size from 2,480 – 3,085 square feet and between three and four stories tall. The current filing allows for 14 lots that are available. Lot sizes are all small (e.g. 0.04 acres) and intended to promote urban living and enjoyment of public open space. All plans provide for three bedrooms with an optional fourth bedroom. Granite countertops, maple cabinets, stainless steel appliances, and plank flooring are standard in the kitchens. Outdoor areas include a main level patio, 2nd level covered balcony, 3rd level master balcony, and an optional 4th level patio with a pergola. All townhomes and single family homes are Energy Efficiency Rated, Energy Star Rated, and use third-party energy audits to inspect finished homes. To schedule a site tour for Remington’s sites at Downtown Superior call 720-339-1500. <br /><br /><a href="https://www.wonderlandhomes.com/community/downtown-superior-townhomes">Wonderland</a> – Wonderland is also based in Colorado with 50+ years of experience. This builder refers to their selection of floor plans as the LIVE Collection based on their amenability to enjoying indoor/outdoor living. They offer four floor plans ranging in size from 1,800 – 2,400 square feet and are three stories tall. 55 lots are available. Prices range between $480,000 - $540,000. All plans provide for 2-3 bedrooms, 9 foot ceilings, attached two-car garages, and a rooftop patio. Quartz countertops, maple cabinets, stainless steel appliances, and engineered pre-finished hardwood flooring are standard in the kitchens. Other interesting standard features include a gas line that runs to the rooftop patio for fire pits and a hose bib in the garage that provides both hot and cold water. 15 homes have been sold. Wonderland also uses third-party energy audits to inspect finished homes and provides the resulting <a href="https://www.resnet.us/hers-index">HERS</a> scores. HERS is a measurement of a home’s energy performance. The performance of a third-party audit and subsequent report of the HERS rating is increasing in popularity with builders as a way to differentiate themselves. To schedule a site tour for Wonderland’s sites at Downtown Superior call 720-339-1500. <br /><br /><a href="https://www.thrivehomebuilders.com/">Thrive</a> – Thrive is also local and is the youngest builder in the group with fourteen years of experience. They are self- d as “next frontier” builders who differentiate themselves for their use of sustainable construction materials, highly energy efficient, and healthy homes meaning that radon mitigation, mold-prevention practices, and low emission paint/carpet/wood materials are standard. They have won the Department of Energy’s Innovation in Housing award four years in a row for their zero energy ready homes. “Zero Energy” refers to a home (or building) that generates an equal or greater amount of energy on-site when compared to the energy that it consumes. Thrive have sought approval for 51 homes that would begin construction by late 2017 with completion slated for 2018. For more information on floor plans, price, and availability call 720-339-1500.<br /><br />The City of Superior chose these three builders very carefully during their vetting process. They each offer unique attributes and home styles. Would you like to compare them in more detail? Give us a <a href="https://www.bouldercountyrealty.com/fine/real/estate/contact/custom">call</a>or schedule a meeting at our <a href="https://www.google.com/maps/place/Boulder+County+Realty+Company/@39.9664502,-105.1653143,15z/data=!4m5!3m4!1s0x0:0xad4dea07552dffe!8m2!3d39.9664502!4d-105.1653143">Louisville office</a> and we will provide our independent opinion. Purchasing a home in Downtown Superior could be the perfect solution for you but there are some important considerations to keep in mind before doing so. Click here to learn more about purchasing new construction.2017-11-05T20:46:00-07:002019-05-01T19:53:17-07:00Lauren Wittigtag:advancedhomegroup.com,2012-09-20:3266Downtown Superior Homes Hit the Market!<img src="https://assets.site-static.com/userfiles/1323/image/downtown-superior-1.jpg" width="4032" height="3024" />
New Townhomes & Single Family Options at Downtown Superior
Downtown Superior townhomes and single family homes were officially listed for sale this month, marking the start of the sales period for these highly desirable properties in Superior’s last large residential tract. The specifications for six 3-story townhomes (1,300-1,650 square feet) and one 3-story single family home (2,500 square feet) were released on the MLS on Monday by Remington, who is one of the three developers currently building out homes in STC. Three of the six townhomes are already under-contract. The rate at which these first offerings were scooped up is not surprising as demand is expected to be high. <a href="https://downtownsuperior.com/" target="_blank" rel="noopener">Downtown Superior</a> is one of the last opportunities to find new construction in a mixed-use master planned community that is so close the foothills.
<img src="https://assets.site-static.com/userfiles/1323/image/Superior-Sport-Stable.jpg" width="4032" height="3024" />
The development of the site, originally named Superior Town Center, began in 2015 with the 157,000 square foot <a href="https://www.sportstable.club/page/show/2066148-home" target="_blank" rel="noopener">Sports Stable</a>. This enormous facility boasts three ice rinks, three turf fields, an arcade, virtual golf bays, batting cages, pitching lanes, a pro-shop, <a href="https://www.synapsept.com/" target="_blank" rel="noopener">Synapse Physical Therapy</a>, <a href="https://fitfuelforyou.com/" target="_blank" rel="noopener">FitFuel Performance Nutrition Consultants</a>, <a href="https://bouldertherapeutics.com/" target="_blank" rel="noopener">Boulder Therapeutics Massage</a>,<a href="https://www.stickscoffee.com/" target="_blank" rel="noopener">Stick’s Coffee</a>, and <a href="https://www.brunossuperior.com/" target="_blank" rel="noopener">Brunelleschi’s Pizza & Pasta</a>. Downtown Superior is also slated for the development of a hotel, commercial space for 20 retailers, 25 restaurants, medical offices, and 42 acres of open space. A pedestrian promenade will run through the heart of the mixed use area centrally located within the 157-acre site.<br /><br />The three developers tasked with building the 1,400 residences in Downtown Superior are Remington, Wonderland, and Thrive. Here is a breakdown of each developer’s background and plans for layouts, prices, etc.<br /><br /><br /><a href="https://www.remingtoncolorado.com/downtown-superior-townhomes" target="_blank" rel="noopener">Remington</a> – A Colorado-based builder with 50 years of experience who advertises their flexibility with customizing floor plans. They offer three different floor plans for their townhomes and three floor plans for their single family homes. The townhome floor plans range in size from 1,355 – 1,775 square feet and are three stories tall. 48 lots are available. Prices start at $430,000 for the townhomes and $624,000 for single family homes. All plans provide for 2-3 bedrooms, 10-12 foot ceilings on the 1st and 2nd floors, attached two-car garages, and covered outdoor balconies. Granite countertops, maple cabinets, and stainless steel appliances are standard in the kitchens. The single family floor plans range in size from 2,480 – 3,085 square feet and between three and four stories tall. 14 lots are available. Lot sizes are all small (e.g. 0.04 acres) and intended to promote urban living and enjoyment of public open space. All plans provide for three bedrooms with an optional fourth bedroom. Granite countertops, maple cabinets, stainless steel appliances, and plank flooring are standard in the kitchens. Outdoor areas include a main level patio, 2nd level covered balcony, 3rd level master balcony, and an optional 4th level patio with a pergola. All townhomes and single family homes are Energy Efficiency Rated, Energy Star Rated, and use third-party energy audits to inspect finished homes. <br /><br /><a href="https://www.wonderlandhomes.com/community/downtown-superior-townhomes" target="_blank" rel="noopener">Wonderland</a> – Wonderland is also based in Colorado with 50+ years of experience. This builder refers to their selection of floor plans as the LIVE Collection based on their amenability to enjoyingindoor/outdoor living. They offer four floor plans ranging in size from 1,800 – 2,400 square feet and are three stories tall. 55 lots are available. Prices range between $480,000 - $540,000. All plans provide for 2-3 bedrooms, 9 foot ceilings, attached two-car garages, and a rooftop patio. Quartz countertops, maple cabinets, stainless steel appliances, and engineered pre-finished hardwood flooring are standard in the kitchens. Other interesting standard features include a gas line that runs to the rooftop patio for fire pits and a hose bib in the garage that provides both hot and cold water. 15 homes have been sold. Wonderland also uses third-party energy audits to inspect finished homes and provides the resulting HERS scores. HERS is a measurement of a home’s energy performance. The performance of a third-party audit and subsequent report of the HERS rating is increasing in popularity with builders as a way to differentiate themselves. <br /><br /><a href="https://www.thrivehomebuilders.com/" target="_blank" rel="noopener">Thrive</a> – Thrive is also local and is the youngest builder in the group with fourteen years of experience. They are self- d as “next frontier” builders who differentiate themselves for their use of sustainable construction materials, highly energy efficient, and healthy homes meaning that radon mitigation, mold-prevention practices, and low emission paint/carpet/wood materials are standard. They have won the Department of Energy’s Innovation in Housing award four years in a row for their zero energy ready homes. “Zero Energy” refers to a home (or building) that generates an equal or greater amount of energy on-site when compared to the energy that it consumes. For more information on floor plans, price, and availability call 720-339-1500.<br /><br />The City of Superior chose these three builders very carefully during their vetting process. They each offer unique attributes and home styles. Would you like to compare them in more detail? <a href="https://www.bouldercountyrealty.com/fine/real/estate/contact/custom" target="_blank" rel="noopener">Give us a call</a>or schedule a meeting at our <a href="https://www.google.com/maps/place/Boulder+County+Realty+Company/@39.9664502,-105.1653143,15z/data=!4m5!3m4!1s0x0:0xad4dea07552dffe!8m2!3d39.9664502!4d-105.1653143" target="_blank" rel="noopener">Louisville office</a> and we will provide our independent opinion. Purchasing a home in Downtown Superior could be the perfect solution for you but there are some important considerations to keep in mind before doing so. <a href="https://www.bouldercountyrealty.com/fine/real/estate/blog/33625" target="_blank" rel="noopener">Click here </a>to learn more about the <a href="https://www.bouldercountyrealty.com/fine/real/estate/blog/33625" target="_blank" rel="noopener">Common Mistakes that Buyers Make and How to Avoid Them</a>.2017-08-08T16:26:00-07:002019-05-03T16:29:58-07:00Lauren Wittig