move in ready homes

5 Reasons to Buy Your Dream Home This Year

Everyone deserves a home they can be proud of, but for a lot of people, the thought of buying their “dream home” seems out of reach. Is it possible to find something that ticks all the right boxes without stretching your finances too thin?

Absolutely, and there are a few good reasons that 2020 may be your year to fall in love with the home of your dreams.

An investment in your future

Every mortgage payment brings you closer to the American dream of homeownership. Look at it as a wise investment that will help you build equity and improve your financial security over the long-run. Given housing market trends, your dream home is likely to increase in value over the years. What you buy for $300,000 in 2020 could sell for $350,000 or more down the road. Those mortgage payments are fostering your equity – something you can tap into later for education expenses, retirement, and other costs. Rent payments, on the other hand, is money you will never see again.

Affordable mortgage interest rates

According to Freddie Mac, the average 30-year mortgage rate was 3.60% in late January of 2020, and economists believe rates may even dip lower in the coming months. Compare this to the 2018 high of 4.94%. Bottom line: mortgage interest rates are low, and they may spike again, so buying now lets you purchase ‘more house’ for your money.

Be part of a community

Being a homeowner offers other benefits, especially when it comes to connecting with others. It provides a chance to meet neighbors, develop new friendships, and be an active part of your community. Whether it’s a Saturday morning jog or a backyard BBQ, these moments can enhance the quality and enjoyment of life.

Less expensive than renting

Rent prices in gentrified neighborhoods are on the rise, making renting an expensive proposition.  When you purchase a home (and opt for a fixed-rate mortgage), you know your monthly payments will stay the same. Plus, you’ll be building equity and can reap the myriad benefits of living in a home that is 100% yours.

Tax advantages

Another financial incentive to buying a home is the tax deduction you get for both property tax and mortgage interest. This can save you thousands of dollars each year, and in some markets, can make it less costly or equivalent to renting.

Discover beautiful move-in ready homes in Delaware

If you’re ready to take the plunge but without breaking the bank, it’s time to explore the new construction homes in Wilmington, DE by Montchanin Builders. Homebuyers will be delighted with the variety of contemporary floor plans, quality craftsmanship, and state-of-the-art features, not to mention low maintenance expenses since everything is brand new.

Take advantage of attractive financing options on our spacious townhomes and condos in the master-planned community of Darley Green. Call us today to schedule a home tour and make 2020 a year to celebrate!

Additional Resources:

  1. Themortgagereports, Will mortgage rates go down in February 2020? https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventional
  2. Homeadvisor, Why Buy a House? https://www.homeadvisor.com/r/why-buy-a-house/

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

3 Creative Things to Do for Valentine’s Day close to Wilmington, DE

Valentine’s Day is approaching quickly, and love is in the air in Wilmington, Delaware! If you haven’t yet decided where to take your special someone this Valentine’s Day, there is still plenty of time to book a reservation at one of the many fine restaurants in the area. Or, check out one of the other creative date ideas below.

Slainte: A Stand-Up Comedy Show

Couples and singles alike will enjoy this creative take on Valentine’s Day. Head over to the Sligo Irish Pub at 113 West State Street in Media, PA. It’s only about a 30-minute drive from Wilmington. Slainte: A Stand-Up Comedy Show is offering a special Valentine’s Day edition of their show, which includes Peggy O’Leary, the NBC Stand Up semi-finalist. On February 14, the doors open at 7:30 PM and the show lasts until 10:30 PM. General admission is only $10, but just five bucks more will give you guaranteed seating and waitress service.

Adults Only Paint Party

Interested in showing off your artistic talent? Bring your significant other to the adults-only Paint Party at Sippin’ Pic’s on 3901 Conshohocken Avenue in Philly. It’s just a short drive up the I-95 to Philly from Wilmington. You and your partner can enjoy a live band playing love tunes while you work on a Valentine’s Day-themed painting. This event will also feature dancing and karaoke. Light refreshments are included in the cost of admission, which is $25 per person. Plan to be there by 8:00 PM on Friday, February 14th. The event lasts until 11:00 PM.

For Love and Oysters

When planning a Valentine’s Day date, you can’t go wrong with a reservation at one of the most distinguished restaurants in Philadelphia. The Olde Bar is offering a special Valentine’s Day event on February 14th at 5:00 PM. Reservations are required. Enjoy a special themed tasting menu for two, along with themed drinks. Interested in something a little more interactive? The Olde Bar is also hosting an event called Champagne & Oysters, which begins at 5:30 PM and lasts until 6:30 PM. Champagne & Oysters is an interactive learning event, during which you can learn more about oysters, including the proper way to shuck them.

Take advantage of the Wilmington, DE real estate market

The close proximity to fine dining, live entertainment, and many other attractions is just one of the many great reasons to make your home in Wilmington, Delaware. If you’re looking to buy in the area, you’ll want to check out the new construction homes in New Castle County, Delaware, from Montchanin Builders.

We’ve developed a reputation for building architecturally exquisite, move-in ready homes nestled within friendly, walkable communities. Enjoy wide open, green spaces and luxuriously large home sites. Call us today to ask about our special financing offers for homes in the communities of Darley Green and The Overlook at Rockford Falls!

Additional resources:

3 Benefits of Living in a Master-Planned Community That Might Surprise You

What sets a master-planned community apart from other neighborhoods? Well, if you’re looking at new construction homes in New Castle County, Delaware, you’ll notice that the properties located within master-planned communities by Montchanin Builders offer exceptional value, are very close to fantastic local amenities, and offer the neighborly ambiance of a close-knit community.

When you tour one of our available move-in ready properties in Delaware, you’ll discover for yourself why so many people have chosen to call our neighborhoods “home.”

Close proximity to unbeatable amenities

One of the major benefits of living in a master-planned community is that it is a walkable neighborhood. This means that no matter where your home is situated within the community, you’re never too far away from local amenities. Enjoy a brisk walk in the morning to the nearby coffee shop or head over to the park on your day off. You can even find a family doctor, excellent schools, and irresistible restaurants within reach.

When you do need to leave the master-planned community, you’re likely to find yourself within an easy commute of the office. Montchanin Builders’ community of Darley Green, for instance, is located just five minutes away from I-95. It’s also situated mere minutes away from I-495 and the Philadelphia International Airport. This makes it convenient for the times when you need to leave your neighborhood for work or pleasure.

Friendly neighborhoods that embrace the true concept of community

No matter how large or small, a master-planned community embodies the true nature of neighborliness. When you tour a Montchanin Builders master-planned community like Darley Green or The Overlook at Rockford Falls, you will enjoy the positive ambiance and close-knit camaraderie of the people who live there. These neighborhoods give off an “Old World” vibe that reflects the cordiality of simpler times in bygone eras. The local amenities within and near these communities provide plenty of social opportunities for getting to know your new neighbors.

Excellent value at competitive prices

Montchanin Builders strives to provide move-in ready luxury at affordable prices. Visit our Information Center to personalize your home by choosing from a variety of spacious floor plans and options for flooring, cabinets, counters, and more!

When you work with our preferred lender, Cardinal Financial, you can take advantage of competitive interest rates and homebuyer programs. Make sure to ask about our Work Force Program, which can help new homebuyers receive up to $15,000 toward the purchase of a new home.

Discover your own reason for living in a Montchanin Builders community

You can tour a Montchanin Builders master-planned community to find out for yourself why so many people love this way of living. There are still homes for sale in Wilmington, Delaware, but properties in Darley Green and The Overlook at Rockford Falls are selling fast, so schedule a tour soon! Give us a call today and be sure to ask us about special financing offers.

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:

The #1 Reason to Buy Your Home in Winter

If you’re getting ready to buy a new home, you might be thinking about waiting until the spring or summer when more houses are generally put on the market. However, if you wait too long, you’ll miss out on taking advantage of the number one reason to buy your new home in the wintertime. If you’re ready to shop for homes for sale in Wilmington, Delaware right now, there is really no reason to wait until the weather warms up.

Lower mortgage and interest rates in winter

One of the biggest concerns on any home buyer’s mind is financing the new property. If you shop around for a mortgage in the winter, you’re likely to notice that the rates are generally lower than they are in the summer. This is because the summertime is the peak home buying and selling season. In the winter, lenders are trying to entice homebuyers to sign for a mortgage with lower rates.

Of course, your individual rate will depend on many factors, like your creditworthiness, the current economic conditions, and the lender you choose.

The lender you choose matters more than the season

Although buying a home in the wintertime is a smart decision for home buyers, there are still great deals to be had in all four seasons. In fact, who you choose to buy a home from matters even more than the time of year that you start shopping around for a new house. If you buy a new construction home in New Castle County, Delaware from Montchanin Builders, you can take advantage of our special partnership with one of the nation’s leading mortgage lenders.

Montchanin Builders has selected Cardinal Financial as our lending partner because we believe in excellence in all that we do—from designing thoughtful floor plans to crafting beautiful, architectural masterpieces, to helping our home buyers get into their selected houses with exceptional financing terms. At Cardinal Financial, our go-to mortgage specialists are Theresa Miglino and Katherine Dunckley.

The Miglino and Dunckley team have demonstrated an abiding commitment to providing unbeatable customer service to our valued home buyers. Their philosophy is that the customer always comes first, and they live this motto every day by maintaining clear and open lines of communication with customers, lenders, and realtors.

Unlike some other lenders, Cardinal Financial is a mortgage originator. This is significant because it means that the company can underwrite, close, and fully fund your home loan. This enables them to offer some of the lowest rates you’ll find anywhere in the industry, regardless of the time of year that you choose to buy your home. Plus, you’ll benefit from exceptionally low closing costs.

Looking for new construction homes in New Castle County, Delaware?

The premium financing terms aren’t the only reason to choose a Montchanin Builders home. We build masterfully designed, walkable communities close to cultural attractions, green spaces, and major amenities. Choose from our beautiful townhomes in the Delaware communities of Darley Green or The Overlook at Rockford Falls. To schedule a tour or request more information, please call today!

Additional resources for home buyers:

House Hunting Taking Too Long? Here’s the Solution

Choosing your new home can be one of the most important decisions you make in your life. Whether you’re relocating for a new job, planning to raise a family, or downsizing now that your children have left home—finding the perfect place can be long and stressful. That’s because most of us are seeking modern updates—open floor plans, large kitchens, remodeled bathrooms—but are forced to look at older homes that don’t usually measure up to today’s standards.

If your hunt for the perfect home is taking too long and you’re growing tired of touring more homes that don’t match your must-haves, there is another solution.

Homeowners can have exactly what they want by choosing move-in ready homes in Delaware. New construction homes offer a variety of benefits to home buyers and are often the perfect solution for those not willing to compromise on their dream.

5 benefits of new homes over older homes

  1. Everything is modern. When your home is newly built, you can expect all of the modern updates. There won’t be any small closets, awkward corners, or odd built-ins. You can also expect stylish, up-to-date finishes that match current trends.
  2. You can avoid the stress of remodeling. Remodeling can sound fun until you are living for weeks or months without a kitchen, your contractor hasn’t lived up to their promises, and your repairs have come in over-budget. Move-in ready homes eliminate the stress and risk of remodeling an older home, as it already features luxurious, modern finishes.
  3. You can personalize your finishes. When you decide to purchase a move-in ready home or new construction home, you can often have a say on how it’s finished. Not only can you select from a variety of floorplans, but you can also choose the style of your hardwood, cabinets, countertops, and more. This allows you to create your perfect dream home without having to start from scratch.
  4. It’s more energy efficient. Because everything is new, it also means that your home is running at optimal performance. Newer, more energy-efficient furnaces, hot water tanks, and appliances can all make a big difference when your utility bills come in the mail.
  5. You won’t have to worry about surprise updates. Older homes also come with older fixings—furnaces, roofs, pipes, electrical, etc. While home inspections can help you get an idea of what you might need to set aside for a repair budget, it’s hard to know exactly how much it will cost. When you choose a new build, you know that your appliances are brand new and often come with manufacturer warranties. This prevents surprises and allows you to use that money to furnish and decorate your new home instead.

Schedule a personal tour today

Whether you’re a Wilmington, Delaware first time home buyer or if you’re an experienced homeowner, you’ll find the home buying process at Montchanin Builders simple, informative, and unpressured. Call us or schedule a tour today today to discuss your home dreams and let us show you how we can make them a reality.

The Secret to Hosting a Great Holiday Party in Your Home

The holidays are magical, but they can also be a bit stressful. There’s so much more to do and not enough time to get it all done. The real secret to hosting a great holiday party in your new construction home in New Castle County, Delaware is to make it as stress-free as possible, while still giving your guests a fantastic experience. Use these tips to host a holiday party that’s memorable for all the right reasons.

Balance your planned menu

Your top priority is making sure your guests have a good time. You’ll want to make sure you plan a balanced menu that includes options for guests with special dietary needs. Try to include at least a couple of vegetarian or vegan entrées and side dishes. You might also want to ask your guests in advance if they have food allergies or gluten sensitivity. They’ll appreciate having a general idea of what’s on the menu in advance.

Consider a buffet-style meal

If you’re hosting a large holiday party, it might not be practical to seat everyone at the dinner table, even if you set up a separate kids’ table. A buffet-style meal instantly relaxes the ambiance and encourages people to help themselves and socialize freely while they eat. It’s also less stressful for you since you won’t have to worry about setting places. Just stack plates at one end of the buffet table, and remember to leave out napkins, silverware, and condiments.

Do some cooking ahead of time

It can be super stressful to do all of the cooking on the day of the party. You’ll probably end up in the kitchen for most of the party and be unable to enjoy yourself or socialize with your guests. Try to do some of the cooking and prep work ahead of time. Soups and stews are excellent make-ahead options that you can simply warm up before your guests arrive. You can also make quiches and tarts ahead of time, and freeze them until the day of the party.

Although not everything can be cooked ahead of time, you could do prep work ahead of time for the rest of the items on your menu. Chop and refrigerate veggies, for example.

Play music with care

Music is essential for setting the ambiance and helping your guests relax. However, it’s best to keep the volume relatively low. When it’s time for your guests to enjoy the meal, switch to instrumental music so that lyrics won’t interfere with the dinner conversation.

Looking for a new home for the holidays?

If you’re looking for a new neighborhood to call home, the Wilmington, Delaware area is a great place to relocate to. And if you purchase a new home in a Montchanin Builders master-planned community, you can look forward to friendly neighbors and walkable streets with great local amenities nearby.

There are homes for sale in Wilmington, Delaware right now, but they won’t last long. Homesites are selling fast in the communities of Darley Green and The Overlook at Rockford Falls. Call Montchanin Builders today to schedule a tour. Be sure to ask us about our special financing offers!

Additional resources for new homeowners:

How to Choose the Perfect Artwork for Your Home

Your new home will reflect your personal style and design aesthetic. There really are no unbreakable rules of selecting artwork, since every individual will appreciate art in different ways. However, there are some general guidelines that you can follow to help your home’s décor appear well-balanced and tastefully designed.

Consider the feelings you wish to evoke

Artwork can inspire a spectrum of feelings, from peacefulness and serenity to surprise and excitement. Think about the feelings you wish to inspire in every room of your home. For the kitchen, many people like to choose whimsical pieces, including word art. In the bedroom, you might want the artwork to inspire relaxation, as many people view the master bedroom as a sanctuary. This is why abstract pieces work well here.

In the more public rooms of your home, such as the formal dining room and living room, you might prefer to choose pieces that will spark conversations. Look for surprising or intriguing artwork that is boldly designed to capture the eye. Artwork with a nature or landscape theme works well in the bathroom, as it inspires feelings of serenity.

Lastly, if you have a home office, you might want its artwork to encourage productivity and bring positive vibes to the room.

Choose the right size artwork for each room

It’s likely that the biggest pieces of artwork will go in the living room and bedrooms. It’s usually best to choose large artwork to fill large spaces and small artwork to fill smaller spaces. However, you can break this rule if you wish by filling a large space with a cluster of smaller pieces that embrace a shared theme. It’s best not to break this rule by hanging a large piece in a small room like the bathroom, as this will feel overwhelming. However, you could place two very small pieces side by side if space allows.

Look beyond paintings and prints

When most people hear the word “artwork,” they automatically think of paintings and watercolors, as well as more affordable prints. However, artwork can embrace three-dimensional media. Look for sculptures and unique conversation pieces, like an African drum or a Native American dreamcatcher. Ideally, choose 3D artwork that follows the same general theme or style as your wall art for any given room.

Consider incorporating different textures as well. For instance, you could hang an artistic tapestry on your living room wall in lieu of a painting.

Find your dream home at a Montchanin Builders community

Homebuyers in Delaware are asking, “What are the best move-in ready new homes near me in Wilmington, DE?” Our answer is that it’s time to check out the beautiful new homes available from Montchanin Builders. We focus on building walkable, neighborly communities with luxurious, finely crafted townhomes and single-family homes. Our master-planned communities of Darley Green and The Overlook at Rockford Falls still have homesites left, but they’re going fast so don’t hesitate to get in touch with us to schedule a tour or request more information! You can reach us by phone or check out our new homes in northern Delaware online.

Additional resources for home buyers: