custom home builders

What Is Kennett Square, PA Known For?

Kennett Square, PA, is known for its cultural heritage and historical sites dating back to the Revolutionary War, as well as its quaint and vibrant shopping, dining, and arts district, featuring a treasure trove of top-rated independent stores and restaurants. It’s also known as the Mushroom Capital of the World, due to the fact the area produces over half of the entire United States mushroom crop.

When you move into one of the luxurious new Kennett Pointe townhomes built by Montchanin Builders, you can enjoy the best of what Kennett Square has to offer.

The Mushroom Capital of the World

If you’ve ever eaten a mushroom, there’s a good chance it came from the Kennett Square area. The farms surrounding this town produce approximately 60% of the entire mushroom supply for the U.S., earning Kennett Square the well-deserved nickname of the Mushroom Capital of the World. It’s a fact that residents are quite proud of, as the annual Mushroom Festival is one of the area’s most popular events.

The Mushroom Festival is always held on the first weekend after Labor Day, and there are a variety of activities to look forward to. Register for the National Fried Mushroom Eating Contest, or enter your child in the Cute-as-a-Button (Mushroom) Baby Photo Contest. There is also a community parade, a run and walk, and an antique car show. Specific events may vary from year to year. Of course, you’ll also be treated to all of the mushrooms you can eat prepared in a variety of delicious ways.

The Kennett Brewfest

The annual Kennett Brewfest is held each year to raise funds for Historic Kennett Square—a nonprofit organization that collaborates with public and private sectors to promote the social, cultural, and economic vitality of Kennett Square. The annual brewfest also enables local breweries (and there are quite a lot of them!) to showcase their finest brews.

In all, the Brewfest typically features about 100 breweries that offer beers both seasonal and unique. Visitors enjoy live music, food trucks, and vendors. You can also sign up for a “Connoisseur Session” to enjoy special pourings that highlight rare or exclusive beers.

First Friday Art Strolls Presented by Historic Kennett Square

First Friday Art Strolls are offered by Historic Kennett Square to area residents and visitors. As the name implies, they are held on the first Friday of every month. The stroll is a guided tour of the independent shops, art galleries, and restaurants that make Kennett Square unique. Typically, First Friday strollers are also treated to a variety of vendors and crafters selling their wares, ranging from baked goods to artwork.

Explore our new townhome community in Chester County, PA

These are just a few of the wonderful things about living in Kennett Square, PA. You can enjoy the best of what this thriving area has to offer by becoming a proud homeowner at Kennett Pointe—the exclusive new community from Montchanin Builders. We’ve created Kennett Pointe as a peaceful haven, with just 53 luxury townhomes and loft-style apartments, nestled alongside convenient shops and businesses. Call Montchanin Builders today to learn more about our beautiful townhomes near Kennett Square. Be sure to ask about our special financing options!

3 Myths About Transitioning From Renter to Homeowner

Homeownership is the American dream. It means freedom to design your space how you see fit, independence to live life on your own terms, and peace of mind knowing you always have a sanctuary to return to at the end of the day. Yet, for many people, homeownership remains elusive—not necessarily because they can’t afford to purchase a new home, but rather because they are held back by the many myths that persist about transitioning from renter to homeowner.

Myth: You need a down payment of at least 20%.

It’s long been the general rule of thumb that aspiring homeowners should save a minimum of 20% of the home’s value to serve as a down payment, with the mortgage lender picking up the rest. Yet, this isn’t always the case. Yes, paying a larger down payment will result in smaller monthly payments or a shorter loan lifespan. However, saving a 20% down payment need not be a barrier to homeownership.

There are plenty of mortgage lenders that do not strictly require a 20% down payment. Furthermore, there are advantages to purchasing a home as soon as possible, rather than waiting to save a larger down payment. For instance, you’ll get started building equity in your home sooner, instead of making your landlord richer.

Myth: You must have a perfect credit score and credit history.

Another common myth about transitioning from being a renter to being a homeowner is that aspiring homeowners must have a flawless credit score. It’s true that having a higher credit score will give you the best rates, but you definitely don’t need flawless credit. It’s perfectly acceptable to have a few blemishes in your credit history and a less-than-ideal credit score.

However, it’s still a good idea to request your credit reports. Look them over and see if there are any inaccuracies, such as old debts that you’ve paid off or other negative items that should have expired and dropped off the reports. Getting these negative items removed will give you a boost when it’s time to apply for a loan.

Myth: Renting is less expensive than buying a home.

It’s commonly thought that buying a home is more expensive than renting. Yet, this myth doesn’t take into consideration the fact that rent tends to increase over time—and that is something that renters have no control over. If the landlord decides to raise the rent and the renters don’t want to pay, their only choice is to avoid renewing the lease in order to move somewhere else.

In contrast, homeowners not only build equity in their homes over time, they can also control their mortgage payments. For instance, a smart option is to choose a fixed-rate loan, which will give you predictable payments over the entire life of the loan. While renters are watching their rent go up, you’ll have the satisfaction of knowing your mortgage payments will remain stable—and will eventually disappear entirely.

Discover new construction homes in Delaware & Pennsylvania

Experience the benefits and freedom of homeownership for yourself. Montchanin Builders excels in creating master-planned communities with beautiful open spaces, tree-lined streets, and spacious floorplans. Discover our new townhomes in Kennett Square, PA, and schedule a tour of our new construction homes in New Castle County, Delaware, by calling today. Be sure to inquire about our special financing offers through our preferred lender!

Why Home Sellers Are Thriving This Winter

Selling a home can be a lot of work. The good news is that you’ll have the opportunity to move into your dream home. Perhaps you’ve been dreaming of a more spacious home with plenty of storage, a flex room, or a guest room for visiting relatives. Thanks to the current market conditions, it’s an excellent time for home sellers to get to work staging their current homes and putting them on listing sites. Because of the limited inventory available and the historically low mortgage rates, home sellers have been thriving this winter.

A limited inventory makes now a great time to sell

This winter is turning out to be a home seller’s market. The reason is the limited availability of homes on the market. In fact, according to the National Association of Realtors (NAR), there is only about a 2.3-month supply of unsold homes right now, assuming that the current pace of home sales holds steady. This is lower than December’s inventory, which stood at about a 2.5-month supply.

Both of those figures are a far cry lower than the average. A neutral housing market—that is, neither a buyer’s nor a seller’s market—is thought to have about a six-month supply of homes for sale.

Selling your home in a seller’s market is advantageous for a number of reasons. First, you’re likely to get top dollar for your home, even if you don’t make an extra effort to renovate it beforehand. Second, when you do put your home on the market, it’s likely to sell quickly. This will allow you to pack up and move on to your dream home without having to waste time worrying about whether your old house will sell.

Rates are at historic lows

During 2020, the housing market saw incredibly low mortgage rates throughout the year. These historic lows are expected to continue throughout much of 2021. This is beneficial to home sellers for two reasons.

First, home buyers will have an easier time affording properties, which means your old home is more likely to sell quickly. Second, you’ll be able to save big bucks on your mortgage for your dream home. However, it’s not known exactly when those mortgage rates will start to climb. It’s best to act quickly to take advantage of current market conditions.

There’s never been a better time to move to the suburbs

If historically low mortgage rates and a low inventory weren’t enough to convince you that now is the time to sell your home, consider the pandemic. Even though vaccines are now available on a limited basis to certain individuals, it will be a long time before things get back to normal. Right now is a great time to move to the suburbs, where there is plenty of wide-open space for social distancing and green spaces for safer recreation outdoors.

Check out these new homes in northern Delaware

The suburbs around Wilmington, DE, are an ideal place for those looking to escape big city life. At Montchanin Builders, we build master-planned communities that are designed to provide an Old World ambiance, yet are close to major amenities. In our Darley Green community, you can enjoy wide open green spaces, along with close proximity to shops and restaurants.

Call today to schedule a tour!

How to Get the Most Out of Virtual Home Tours

The COVID-19 pandemic has affected virtually every aspect of life—from how people work to how they purchase new homes. While in-person open houses may be on pause, the real estate market is still extremely active with virtual home tours. Get comprehensive tours of the best homes for sale in your area while you “shelter in place.” Right now is an advantageous time to buy, as mortgage rates have dropped and so too have home prices, making it a buyer’s market.

A look at virtual home tours

Virtual home tours have actually been a trend for a few years now. Realtors have relied on technology to entice homebuyers who might not live locally and who are unable to travel for the initial viewing. A 3D home tour enables you to develop a clear idea of what the home layout is like and which features it has.

While they aren’t new, virtual home tours have been exploding in popularity since the stay-at-home orders went into effect during the COVID-19 crisis. They allow home buyers to safely view new options from the comfort of their own couches. Realtors and sales agents are also protected, as they can virtually connect with buyers to answer questions about the property.

Making the most of a virtual home tour

The YouTube channel of Montchanin Builders offers virtual home tours for various luxury model homes. These include the exquisite and innovative Maxwell Model, Emerson Model, and Carlyle Model at the master-planned community of Darley Green.

When you visit a model home in person, you’ll ideally want to bring your camera (or cellphone with a camera) and a notebook. Take pictures of the rooms and features, and make notes about what you like and how you envision living there. For a virtual tour, making the most of your time requires a different approach.

First, view the entire virtual tour to get a sense of what the home is like. Then, pull up the model home’s blueprint. You can easily view the blueprint or layout for Montchanin Builders’ homes for sale in New Castle, Delaware, on our website. Split your screen so that you can view the virtual home tour and the blueprint side-by-side.

Virtual home tours in Wilmington, Delaware

Have any questions after viewing our Wilmington, Delaware virtual home tours? You can reach out to us at any time by phone or by filling out the quick contact form on our website. Although our Sales Centers and Decorated Models are temporarily closed, you can still drive through our lovely master-planned communities to see the beautiful home exteriors and landscaping. Imagine yourself in a Montchanin Builders home today!

Additional resources for home buyers:

4 Benefits of an Open-Floor-Plan Home

An open floor plan features the seamless transition between two or more traditional-use rooms, such as the kitchen and living room, with no partitioning walls. Since the 1990s, the open floor plan concept has been popular among homebuyers, with good reason. The communal living space provided by this layout supports smoother traffic flow and a greater sense of togetherness. If you’re thinking about buying a new, move-in ready home with an open floor plan, consider the following advantages.

Open floor plans support the flow of traffic

Homes with more than one occupant, as well as those that frequently host guests, will benefit from having an open floor plan. This layout allows individuals to travel unhindered from one room to the next, without getting jammed up at doorways or narrow hallways.

Open floor plans encourage communication

Another perk of the open floor plan concept is its effect on communication. Because the line of sight is unhindered from one room to the next, it’s easy for a person in one room to communicate with someone in another room. For example, if you’re preparing food in the kitchen, you’ll be able to easily chat and interact with others in the living room or dining room. Households that often have guests over typically find that the open floor plan supports hosting, making it a top choice for those who enjoy entertaining.

Open floor plans offer more natural light

No amount of lamps can replace the beauty and functionality of natural light. And with an open floor plan, you’ll get plenty of it. Since these homes do not have lots of partitioning walls, the natural sunlight is allowed to freely flow from one room to the next.

Home sellers enjoy higher resale value

There is no doubt that open floor plan layouts are highly popular with homebuyers. For this reason, this layout can increase the resale value of your home and is a financially smart decision. If you do decide to sell your home later on, it should be easier and quicker for you to sell an open floor plan home compared to a more traditional house.

Beautiful houses for sale in New Castle County, Delaware

If the thought of an open floor plan home appeals to you, you’ll love the innovative layouts of the move-in ready homes offered by Montchanin Builders. Our townhomes and condos have plenty of open spaces, high ceilings, and masterful finishing touches.

Our communities—including Darley Green and The Overlook at Rockford Falls—are master-planned neighborhoods that feature tree-lined streets, community gathering areas, and convenient amenities within walking distance. Get in touch today to inquire about special financing offers for our homes for sale in Wilmington, Delaware.

Additional resources for home buyers:

Winter is the New Spring for the Home Shopping Season

For quite a long time, spring has been the traditional time for prospective home buyers to begin searching for their ideal home. It seems only natural for people to prefer driving around looking at homes for sale during sunny, warm weather compared to the chill of winter. However, realtors have noticed a significant uptick in the number of people looking at homes for sale during the winter.

If this trend continues, homebuyers who wait until April to begin searching in earnest may be missing out on some great deals. If you’re thinking of checking out the houses for sale in New Castle County, Delaware, here’s what you need to know about the real estate market in the winter.

A look at recent home buying data

This recent home buying data is courtesy of Realtor.com, which surveyed home buyers and searchers in 20 major metropolitan areas across the U.S. Realtor.com conducts this survey every year. Since 2015, they have noticed that people have consistently been searching for a new home for sale earlier in the year.

In 2015, the average views per listing on the home sale website were highest in April. January fell behind April by 16 percent. However, by 2019, February had racked up the most average views per listing. January was close on February’s heels, behind by just one percent. A Senior Economist at Realtor.com, George Ratiu, had this to say: “With housing inventory across the U.S. expected to reach record lows in 2020, we expect to see this trend continue into the new year.”

Ratiu further noted that the trend may be driven by homebuyers who want to get a jumpstart on the process in the hopes of gaining a competitive edge when it comes to pricing and inventory.

Why winter is a great time to look for a new home

People have been flocking to home viewings in winter because they know that there is less competition during this time of year. While January and February have certainly picked up in activity, homebuyers can still get a head start on their search by starting to look for a new home as early in the year as possible. Furthermore, if you do begin your search in the winter, you can expect home listing prices to be lower.

Another factor in your favor is the fact that it can actually be easier to move during the wintertime. During the summer, professional movers are incredibly busy. Their prices increase, and they can be booked for weeks, if not months in advance. In contrast, movers often advertise discounted rates during the winter because they need to drum up more business.

Search for your new home in Delaware today

Montchanin Builders makes it easy for homebuyers to get into the new house of their dreams. Our architectural masterpieces are nestled within walkable, master-planned communities where residents have close access to amenities, yet still enjoy wide open green spaces. Our homes for sale in Wilmington, Delaware are luxuriously appointed, yet competitively priced.

Winter is prime home shopping season, so don’t delay booking your appointment to view a move-in ready home by Montchanin Builders. You can get in touch to schedule a tour of our communities: Darley Green and The Overlook at Rockford Falls.

Additional resources:

The Cost of Not Owning Your Own Home May Surprise You

The decision to buy a home is a big one. One of the biggest factors to consider is whether you can afford to buy a new house. Becoming a homeowner involves making a down payment, paying the mortgage each month, and purchasing homeowner’s insurance.

While these expenses are significant to be sure, buying a home may be much more affordable than you think. In fact, when you discover all of the financial advantages of owning a home, you may decide that you can’t afford NOT to buy!

The cost of not owning your own home just might surprise you. If you choose to remain a renter, you will miss out on a lot of financial incentives of homeownership, and you will have to contend with the many hidden costs of renting.

Renting your home won’t give you equity

The opportunity to build home equity is one of the most compelling reasons to buy a home. Equity is earned with each mortgage payment. It refers to the amount of the home that you own. For example, if you make a 5% down payment, you’ll earn 5% of the home prior to your first mortgage payment.

When you rent your home, your entire rent check goes to fatten your landlord’s wallet. Your landlord uses it to pay off the mortgage on the rental property, which means that every rent check you write is building your landlord’s equity. As a renter, you aren’t receiving any long-term benefits from it.

Renting your home could raise your income taxes

One of the surprising ways that not owning your own home costs you is the effect on your income taxes. Homeowners have the ability to count their property taxes and all of the interest they pay on their mortgage as deductions on their annual tax returns. Renters aren’t able to do this.

Renting your home may mean paying extra for storage

Let’s face it: Apartments don’t typically have a great deal of storage. Unless you’re a dedicated minimalist, you’ll probably accumulate a lot of stuff over the years. And you’ll need a place to put all that stuff, which means that you may need to fork over some hard-earned money for a long-term storage unit. Those monthly storage payments can add up.

Renters may move more frequently than homeowners

Another hidden cost of being a renter is the cost of moving. A typical lease will only last a year. Once it’s up, renters are often on the lookout for a better place (perhaps next to quieter neighbors). In 2017, 21.7% of renters moved, compared to 5.5% of homeowners. Each time you move, you have to either pay professional movers or rent a truck and do the backbreaking work yourself. Plus, each new apartment requires a new deposit and new fees. In addition, you’ll have to take time off work and lose your vacation hours.

Join our community of satisfied homeowners in Delaware!

If you are taking a look at the Wilmington, DE real estate market, there is a good chance you’ve already come across Montchanin Builders. We are the area’s premier home builder, with multiple master-planned communities in prime locations close to exceptional amenities. Our new construction homes in New Castle County, DE are architectural masterpieces situated within friendly, walkable communities.

Give us a call to schedule a tour. Be sure to ask us about our special financing offers through our lending partner, Cardinal Financial!

Additional resources for home buyers

4 Myths Holding Back Home Buyers

Have you ever driven around a beautiful neighborhood and thought, “I could never afford to live here.”? You’re not alone. There are a lot of myths holding back potential home buyers and making them think that they can’t afford a new home (when they actually can). The truth is that, while buying a home is a major investment, it’s one that can be surprisingly affordable.

Myth: You need a 20% down payment

Conventional wisdom states that home buyers must have a minimum down payment of 20% of the home’s value. A down payment of this size will definitely allow you to borrow less and pay less in interest over time, but it’s not true that you absolutely need a 20% down payment. In fact, plenty of homebuyers have purchased their homes with a down payment as little as 3% to 5%.

Myth: You need a FICO score of 780 or higher

The higher your credit score is and the cleaner your credit history is, the easier it will be to buy a home, and the lower the interest rate could be. However, it is certainly not necessary to have perfect credit and an impeccable credit history to buy a home. In fact, many homebuyers have been able to make this major purchase despite having some credit card or installment loan debt, and a less-than-perfect credit score.

Myth: Renting is more financially advantageous

It’s true that buying a move-in ready home is a major investment. However, the key word is that it’s an investment. Investments bring long-term financial rewards. With each mortgage payment you make, you build a little more equity in your home. You can tap into that equity at a later date if you need to.

On the other hand, if you continue to rent an apartment or house from a landlord, your rent payments are only financially advantageous to your landlord. You aren’t building equity in the property you are living in. When you’re ready to move out, you’ll have nothing to show for it. The opportunity to build equity in their own homes is one of the many compelling reasons why people decide to stop renting and buy property instead.

Myth: It takes a long time to get a mortgage

If you truly want to own your own home, you shouldn’t let the thought of getting a mortgage hold you back. It’s easier and less time-consuming than you might think. This is especially true if you work with a home builder like Montchanin Builders. Thanks to our close partnership with one of the nation’s premier home lenders, we can get homebuyers in their new homes faster and more affordably!

Ready to view new homes in northern Delaware?

The many happy homeowners in Montchanin Builders communities are living proof that these myths don’t have to hold you back. If you think you’re ready to buy a home, you probably are. Check out our move-in ready homes in Wilmington, Delaware within our master-planned communities of Darley Green and The Overlook at Rockford Falls, and find out for yourself why so many people have chosen a Montchanin Builders home. Thanks to our partnership with Cardinal Financial, it’s easier and more affordable than ever to purchase your dream home! Call today to learn more!

Additional resources for home buyers:

How Do I Know When I Am Ready to Buy a House?

Buying a home is a major decision. Homeownership offers many advantages, like the chance to build equity in your investment over time. Plus, you’ll be able to personalize your home however you wish—something that you can’t do while you’re renting. But is now the right time, and are you ready? First-time homebuyers in the Wilmington, Delaware area can consider the following factors to determine if they are ready to buy a move-in ready home.

You have a down payment.

If you have a down payment saved, you could be ready to buy a house. It’s always a good idea to save as much as you can before making a major purchase, but you might not need as large of a down payment as you might think. Montchanin Builders has a great relationship with one of the nation’s premier lenders, Supreme Lending, so contact us today to earn about the great financing deals that are available.

You’ve been working on improving your credit.

Financial experts generally recommend improving your credit as much as possible before buying a home. This involves making all payments on time and paying down your debt to improve your credit-debt ratio. Keep in mind, however, that your credit might not need to be as high as you might think.

You’re ready to settle down in the same place for a while.

First-time homebuyers in the Wilmington, Delaware area are often motivated by the desire to settle down in the same place for a while. Ready to put down some permanent roots? You’ll love the amenities of the Montchanin Builders neighborhoods, like close access to nature paths, state parkland and shops and businesses.

You can’t wait to enjoy all the benefits of homeownership.

There are so many perks of owning your own home compared to renting! If you’ve been renting for a while, you may be tired of having to obtain your landlord’s permission for every little modification you make. It’s common for renters to be unable to paint their walls in their preferred colors or even install new shelves. When you own your own home, you can personalize it to suit your lifestyle and your unique design preferences.

Other perks of owning your own home include having plenty of space—both for storage and for entertaining guests. Plus, you’ll be able to enjoy your property’s outdoor spaces – and your pets will love them too! You’ll also enjoy the feeling of long-term stability that comes with homeownership.

Check out these gorgeous new homes in northern Delaware!

When you’re ready to buy a move-in ready home in Delaware, check out the gorgeous home sites and floor plans available from Montchanin Builders! Our masterfully planned communities of Darley Green and The Overlook at Rockford Falls offer the best of both worlds—you’ll be close to all the amenities of town, but be able to enjoy wide-open spaces and gorgeous views.

Give us a call today to discuss special financing offers and schedule a viewing. Call 302-472-7212 or use the contact form on our website to get in touch.

Additional resources for homebuyers in Delaware:

Is Spring the Best Time of Year to Buy a Home?

There are lots of factors that determine when the best time to buy a house is. Interest rates are one example. It’s never a bad idea to take a look at the interest rates before you buy, but don’t let it completely determine your decision. Another factor to consider is the season. In general, buying a house earlier in the year is ideal, and spring certainly qualifies!

There are typically more properties available in the spring

If you enjoy the process of shopping around, you’ll love house hunting in the springtime. There are generally more homes available on the market during the early months of the year. One reason for this is that sellers prefer to show their houses after the snow has melted when the flowers start to bloom. It’s easier to get a sense of what the neighborhood is like when it isn’t covered in snow.

Summer is a great time to move

Many individuals find that spring is a convenient time to purchase a new home. This is because summer is right around the corner. By the time the sale moves forward and the parties close on the house, individuals can take advantage of the summer vacation to plan the big move. They can take on age-appropriate organizing and packing responsibilities.

Summer is a particularly advantageous time to move if the children will be changing to a new school district. It can be tough to switch schools in the middle of a school year. Kids often feel more awkward and have a harder time finding new friends when they must switch schools during the school year. But if you move during the summer, you will have some time to adjust to the new town. Kids won’t feel quite so awkward when starting at the new school in the fall.

Even for those without kids, summer can be a great time to move. It’s far removed from the stressful, hectic frenzy of the winter holiday season. Home buyers can furnish their new homes without being stressed out about credit card bills from the winter holidays. Plus, they’ll have plenty of time to get their new home ready to entertain friends and family during the winter holiday season.

Are you a first-time home buyer in Wilmington, Delaware?

You’re in luck! Montchanin Builders has a selection of exquisitely designed, move-in ready homes for sale in Wilmington, Delaware. Our architects and master craftsmen focus on quality, designing homes that are ideal for the needs of modern homeowners. But our properties are going fast, so get in touch with us today!  Schedule an appointment to tour our homes in Darley Green and The Overlook at Rockford Falls.

Take a walking tour of our communities, enjoy the wide-open spaces, lush greenery, and friendly neighbors. Be sure to ask us about special financing incentive —including up to $15,000 towards closing costs. Call (302) 655-2600 to learn more!

Additional resources for home buyers

  1. Money Under 30, How Do You Know When You’re Ready To Buy A Home? https://www.moneyunder30.com/how-do-you-know-youre-ready-to-buy-a-home
  2. Money Crashers, Should I Buy a House Now or Wait? – 6 Factors to Consider, https://www.moneycrashers.com/should-buy-house-now/