new construction homes

What Sellers Can Expect From a Home Inspection

The home inspection does not need to be the most stressful aspect of selling your home. Even if your inspection report reveals areas that need to be addressed with the property, you’ll have the opportunity to address anything that comes up and entice potential buyers to seal the deal.

One of the great advantages of buying a new construction home from Montchanin Builders is that you never have to worry about hidden surprises – from the roof to the plumbing to the warranted interior finishes, everything is brand-new, working perfectly, and up to code. The old home you’re selling may have to pass inspection, but your new move-in ready home at one of our breathtaking walkable communities has already passed a thorough building inspection process with flying colors. There’s nothing you need to do but move in and start enjoying your new amenities, appliances, and finishes – and the gorgeous open-space floor plan of your choosing!

Selling a house before moving into your Montchanin Builders dream home? Here are the most important things that sellers need to know about the home inspection process.

You can schedule a pre-listing inspection

It’s customary for the home buyer to arrange for the inspection of the home after making an offer, but prior to closing. However, as the seller, you can schedule a home inspection before you even put your home on the market. This may be a good idea if you have an older home and you’re motivated to fix items in order to get the highest possible purchase price.

However, you should know that there is a legal obligation to disclose this home inspection report to potential buyers.

What to expect from your home inspection

Regardless of whether you’re having a pre-listing inspection or the buyer’s inspection, it will generally take a few hours for the inspector to check out the property. The report will typically be available within a few business days.

The home inspector will carefully review both the interior and exterior, checking for potential concerns. Note that home inspectors are not concerned with cosmetic issues, like peeling paint or stained carpeting. Occasionally, however, a cosmetic issue may indicate a more serious issue, such as a stain on the ceiling that indicates water damage or cracks in the corner of a room that may indicate a shifting foundation.

In general, home inspectors focus on these main areas:

  1. Structural integrity
  2. Plumbing
  3. Electrical system
  4. HVAC system
  5. Roof
  6. Water damage
  7. Insect/pest infestations (especially termites)

How to prepare for a home inspection

There are a few things that home sellers should do to make the process go as smoothly and quickly as possible. Gather together all receipts for maintenance work, such as service visits for the HVAC system. Clear away any clutter from near the furnace, water heater, and electrical panel, as the inspector will need to access them. Similarly, the inspector should have easy access to the attic, basement, garage, and crawl space.

It’s also a good idea to exterior areas, like if any tree branches are close to the roof or overhanging it, they’ll need to be trimmed back.

Check out these homes for sale in Wilmington, Delaware!

The home buying process can be stressful when you are forced to await the results of a home inspection report. But when you buy a beautiful and affordable new-construction home from Montchanin Builders, you never have to worry about your new home’s condition.

We have stunning move-in ready homes available for sale right now in our master-planned community of Darley Green. Enjoy peaceful, tree-lined streets, and wide-open spaces paired with the convenience of restaurants, shops, and other amenities within walking distance.

Get in touch today to chat about our new homes in northern Delaware. Be sure to ask us about our special financing offers!

Additional resources for home buyers:

Why the Real Estate Market Will Heat Up This Summer

It’s been a rough year so far. Health and public safety concerns have all contributed to economic uncertainty. However, the news isn’t all bad. In fact, there are signs that things are starting to turn around already. Businesses across the country are beginning to open up, people are going back to work, and they are even buying new houses—a significant vote of confidence that the economy will improve. In fact, the summer of 2020 could be one of the best seasons for home buying in recent memory. For proof, just check out the historically low mortgage rates.

Mortgage rates are historically low

Toward the end of May, Freddie Mac released the results from its Primary Mortgage Market Survey®. The results indicated that mortgage rates for 30-year fixed-rate mortgages were below 3.30 percent for the fourth consecutive week. One year ago, the rate for a 30-year fixed-rate mortgage averaged 4.06 percent. In addition, the rate for a 15-year fixed-rate mortgage averages 2.70 percent.

All of those statistics are great news for home buyers looking to save money. Sam Khater, the chief economist at Freddie Mac, predicted that mortgage rates could continue to decline even as the demand for new housing rises.

Mortgage applications are on the rise

Toward the end of May, CNBC reported that mortgage applications had increased by six percent compared to the previous week. That is a stunning rise and may point to a growing sense of consumer confidence in an economic rebound. It also underscores the significance of historically low mortgage rates.

Overall, mortgage applications have increased for five consecutive weeks. FHA, VA, and USDA loans (government purchase applications) are five percent higher than they were a year ago. In addition, the purchase volume is only 1.5 percent lower than it was one year ago, signaling a remarkably fast recovery in the housing market.

More home buyers are taking advantage of virtual home tours

Another factor in heating up summer sales in the real estate market is the increased use of virtual home tours. Not only is it a safe, socially distant way to view homes available for purchase, but it allows home buyers to easily plan long-distance moves. A virtual home tour enables buyers to effectively evaluate whether a particular property will suit their needs without having to travel there.

Get a jump start on your home search before the summer heats up

With so many other people eager to buy a new home this summer, it’s in your best interest to act quickly. Montchanin Builders is open for business, with architecturally exquisite new construction homes in New Castle County, Delaware. Visit our Sales Center to find out why so many people have chosen a Montchanin Builders townhome, condo, or single-family home.

Get in touch with us today to set up a tour or ask about special financing offers for our homes for sale in Wilmington, Delaware.

Additional resources for home buyers

7 Reasons Buyers Love Move-in Ready Homes

When it comes to quality construction, modern floorplans, and designer finishes, move-in ready homes tick all the right boxes. Buyers get all the benefits of a new construction home without the wait of the building process.

In today’s housing market, more buyers are looking for spacious layouts, smart technology, and top-of-the-line luxury. They want a home that is ready to be lived in and doesn’t need remodeling, repainting, or extensive repairs.

With Montchanin Builder’s new construction homes in New Castle County, Delaware, there are no surprises. Every aspect, from the appliances and cabinetry to the heating systems, are brand new and functioning flawlessly.

Let’s explore some of the top reasons buyers love move-in ready homes.

#1. Convenience: no waiting to move into your new home

What you see is what you get, and if you fall in love with the space, the views, the layout, and the community, you can close the deal and be moved in within a few weeks.

#2. Top-of-the-line amenities and features

You don’t have to worry about old appliances or dated designs with a move-in ready home. Expect bright, airy rooms with beautiful interior finishes like granite countertops, wood cabinetry, spacious walk-in closets, hardwood floors, and modern lighting systems.

#3. Energy efficiency

With new construction comes the added bonus of energy efficiency. Modern appliances, new heating/cooling systems, energy-efficient windows, and roofing mean a much lower utility bill.

#4. Fewer out-of-pocket expenses

A move-in ready home promises lower maintenance costs. You won’t have to deal with unexpected repairs as you would with a “fixer-upper.” State-of-the-art appliances and quality construction materials will mean fewer expenses after you’ve moved in.

#5. Protection of structural & manufacturer warranties

A new home warranty means one less thing to worry about, whether your roof starts to leak or your washing machine breaks down. Structural and manufacturer warranties provide coverage for workmanship, parts, and materials.

#6. “Standard” features

A move-in ready home can boast standard features that aren’t typically found in resale properties. Beyond the up-to-date appliances, versatile great rooms, outdoor decks, gourmet kitchens, and professional landscaping.

#7. Attractive financing options

Buyers can take advantage of an easy pre-approval process, low closing costs, and custom financing options.

Move-in ready homes for sale in Wilmington, Delaware

Design updates and renovations take time and money. With a move-in ready home from Montchanin Builders, buyers are getting top-trending amenities, contemporary floorplans, and the peace of mind of knowing there home is warranted.

Skip the construction waiting period and enjoy the benefits of living in a master-planned community like Darley Green. Please call our sales team to schedule a personal tour of our move-in ready homes for sale in Wilmington, Delaware. Our team leverages over 70 years of experience in residential construction and has a great reputation for quality craftsmanship.

Get Your Spring Cleaning Done Early: Here’s How to Start

Some spring cleaning projects may require warmer weather, but you can easily tackle many of the tasks on your list while the days are still chilly and shorter. Take the time now to check these tasks off your spring cleaning list and spend the first days of warm weather outside enjoying the sunshine.

Surface clean

It might be difficult (and distracting) to scrub the backsplash when dishes are in the sink or touch up your floorboards with dirty laundry scattered everywhere. Start each spring cleaning session with a quick tidying up to get the small things out of the way so you can focus on the big stuff.

Declutter

It’s easy for clutter to build up in the different areas of your home—paperwork in the office, old clothes in the closet, that weird dish set your aunt gifted to you three holidays ago. On those especially cold winter weekends, work on filing important paperwork or donating those clothes that have been sitting in the back of your closet all winter.

Clean the linens

When’s the last time you’ve cleaned your curtains? The couch cushions? The dog bed? Start the laundry loads one category at a time, washing comforters, decorative pillowcases, and table clothes that have been collecting dust and germs all winter. You can keep the loads rotating while you work on other chores, or free yourself of the task by dropping them off at your local laundromat.

Wipe it down

You have a load in the laundry, and everything is in its proper place. Now, start the wipe down, moving room to room. Scrub the mirrors in the bedrooms, the backsplash in the kitchen, and the grout in the bathroom. Be sure to get the top of the fridge, ceiling fans, window sills, tall shelves, and other items that don’t usually make your daily chores list.

Scrub the floors

Now that you’ve pushed the dust from the shelves to the floors, it’s time to work your way down. Grab your mop bucket and hand brushes to get deep into corners and grouts. Tip—use shoe polish to brighten stained grout. You can also finally put those extra vacuum heads to use and pull up dirt, hair, and grime that’s gotten trapped at the edges of your carpet.

Get the vents and furnace, too

You can dust, sweep, and mop all you want, but if you aren’t cleaning out your vents and changing the filters on your furnace, you’re just circulating that dirt and dust into other parts of your home. If your heating or cooling unit is older, it’s a good time to get them checked professionally, too.

Are you adding house-hunting to your spring to-do list?

Whether you’re looking to buy your first home or want to move on from an aging house, adding “house-hunting” to your spring to-do list will help move you in the right direction! We invite you to schedule a viewing of the luxurious and affordable move-in ready homes available from Montchanin Builders. Take advantage of contemporary open floor plans, personalized design features, and competitive pricing. Don’t forget to ask about the attractive financing options offered by our celebrated lending partner, Cardinal Financial.

To view magnificent new homes for sale in Wilmington, Delaware, call today to schedule an appointment!

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/

3 Mistakes to Avoid When Selling a Home in 2020

If you’ve decided it’s time to move, you’ll undoubtedly want to sell your home quickly for the highest price possible. However, it’s important to take some time to plan the process and understand what to expect. Lots of home sellers make a few critical errors that can negatively affect the sale price and process, as well as their move to their next home. For best results, avoid the following mistakes when selling your home during 2020.

Spending too much on renovations and upgrades

If you want your home to sell both quickly and for the highest amount possible, you’ll probably come to the conclusion that some renovations and upgrades are necessary. For example, you might decide to overhaul the kitchen and bathrooms, install new flooring, or even knock down a wall or two.

While it’s definitely a good idea to get your home in great condition before putting it on the market, it’s in your best interest not to spend too much time or money on the renovation process.

Spend wisely. For example, it might not be worthwhile to pay an arm and a leg to give your home automated, motorized window treatments, as these are not a major selling point for most home buyers. However, a fresh coat of neutral paint, energy star-rated appliances, and new carpeting would definitely appeal to most buyers.

Failing to disclose the home’s history

When you’re trying to sell your home quickly, you might be tempted to avoid disclosing certain facts. However, covering up your home’s history is not only potentially unethical, but it can also affect the closing. Buyers will have an inspector conduct a thorough evaluation of your home, uncovering signs of past or hidden damage. If you’ve failed to disclose your home’s history, the buyers might wonder what else you’re hiding from them, and they might decide not to buy it after all.

Waiting too long to look for your next home

Don’t wait too long before you start looking at new homes in northern Delaware. It’s often thought that buyers should sell their old home before buying their next one. But actually, it usually makes sense to buy first and sell second. Once you buy your next home, you can begin moving your possessions to it, which will make it far easier to stage and sell your old home. Plus, you won’t have to worry about finding temporary housing after the sale.

Look for your next home with Montchanin Builders

Even before you’re ready to put your old home on the market, you can begin looking for your new home with Montchanin Builders. Our talented architects and craftsmen create master-planned communities with thoughtfully designed homesites and beautiful, functional homes. You can request a tour of our move-in ready homes in Wilmington, Delaware and tour our friendly, walkable communities.

When you’re ready to talk financing, we’ll get you in touch with our partner, Cardinal Financial. We’ve selected Cardinal Financial to offer personalized financing to our customers —which means you’ll have access to some of the lowest rates and closing costs available! The talented loan officers who work with our customers can help you navigate the process of buying a new home while your old home is still on the market or in the process of being sold. Call us today to learn more!

Additional resources for home sellers and buyers:

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:

Buying a Home: Do You Know the Lingo?

Buying a new home is an exciting event, but it can also be a bit overwhelming. There is a lot of new lingo to learn, especially if you are a first-time homebuyer. Here are a few of the terms you should become familiar with before you begin the process.

Appraisal

Every home being sold should receive an appraisal from a professional, unbiased third party. An appraisal is a determination of the home’s value based on its condition, features, and location. It’s important for two main purposes. First, it lets home buyers know they aren’t paying a great deal more than the home is really worth. Second, it reassures lenders that homebuyers aren’t borrowing more than the home is really worth. This is important because the house serves as collateral in a mortgage.

Closing Costs

Even if you’re new to the home buying process, you are probably familiar with the idea of a down payment (see below). However, many new home buyers aren’t quite sure what closing costs are. “Closing costs” are an umbrella category for any expense in the home buying process that doesn’t include the purchase price of the property. These include expenses associated with the title search, title insurance, lender costs, real estate agent commissions, and taxes. It also includes the homeowner’s insurance. Although closing costs can vary, they generally average about two to five percent of the purchase price of the house.

Note that lenders are legally required to send you a notice within three days of receiving your loan application. This notice should give you an estimate of your closing costs.

Down Payment

The down payment is the amount of money you pay toward the purchase price upon buying the home. The mortgage is the loan that takes care of the remainder of the purchase price. It’s considered standard to pay 20 percent of the purchase price as a down payment — however, most homebuyers don’t actually put that much down. The down payment can be as little as 3% depending upon the mortgage program. Talk to a lender to find out how low your down payment could be.

Pre-Approval

If you obtain pre-approval from a lender, it means you’ve been approved to borrow up to a certain amount of money to buy a home. This will allow you to shop for a new home with confidence. If you’re pre-approved, the lender will give you a pre-approval letter. It states that the lender will approve the loan as soon as you submit the required documents and make an offer on the house.

Still unsure about some of the home buying lingo? No problem! At Montchanin Builders, we make the process smooth and easy. We partner with one of the nation’s most respected mortgage lenders. Their lending professionals work closely with our home buyers to ensure they are knowledgeable and fully informed about each step of the process.

You’ll also find that Montchanin Builders’ homes are surprisingly affordable. Call us today to schedule a viewing of our new construction homes in New Castle County, Delaware.

Our move-in ready homes in Delaware are located within beautiful, walkable communities close to nature trails and community amenities. Homesites are still available in Darley Green and The Overlook at Rockford Falls, but they won’t last so call soon!

Additional resources for home buyers:

Real Estate "sold" sign

6 Powerful Reasons to Own Instead of Rent

Owning a home is a big life step. While renting can be a convenient and relatively commitment-free option for the short-term, don’t ignore these powerful advantages that home ownership has over renting:

You Can Do Anything You Want with Your Home

Owning rather than renting allows you complete freedom when it comes to your property. You can paint any room any color you want, change the floors from carpet to wood and back again, or redo the kitchen all without having to get permission from a landlord.

Better Privacy and Socializing

Many rental properties come with rules about guests, overnight stays, parties, and pets. When you own your own home, you can have guests over as much as you want, and not have to worry about landlord rules for events or parties. You can also enjoy your pets without having to pay additional fees. You will also enjoy better privacy and separation from noisy neighbors than you could ever achieve in an apartment building. Whether you prefer to be a social butterfly or like your peace and quiet, a home allows you to do you.

Appreciation

Owning a home is an investment that can show incredible returns. Homes appreciate over time, and often accrue this appreciation faster than a stock investment. This is because when you own a home, you get appreciation on the home’s entire value, not just on your down payment.

Tax Benefits

Homeowners can deduct property taxes and mortgage interest payments when they file their annual tax returns. You don’t get any tax breaks from spending money on rent.

Savings Over Time

Rent is a fixed amount and usually increases on a yearly basis. Mortgage payments, however, can decrease over time as you pay down your principal and accrued interest. This means that as a homeowner, you will get more out of your property over time while paying less and less on the interest.

Building Equity

As a homeowner, when you make a mortgage payment you are buying yourself more equity in your home. Yes, you have to pay each month, but that money is going back into your home and equity. In other words, owning a home is like having a savings account or investment, rather than paying monthly rent to a landlord that you will never get back.

Strong Community Ties

By putting down roots in a permanent home, you are also creating ties to a community. You can develop strong, friendly relationships with your neighbors, get involved in local events or charities, and really call the place that you live “home.”

New Construction Homes in New Castle County, Delaware

Another good reason to buy instead of rent is the option of purchasing gorgeous move-in ready homes in Delaware from Montchanin Builders. Our carefully planned and expertly built homes offer all the above benefits and more. Call us today to learn more about our new construction homes in New Castle County, Delaware.

Additional resources for homebuyers in Delaware:

  1. Zillow.com, 5 Reasons to Buy Vs. Rent, https://www.zillow.com/mortgage-learning/buying-vs-renting/
  2. US News, 10 Reasons to Buy Instead of Rent, https://money.usnews.com/money/personal-finance/articles/2012/04/24/10-reasons-to-buy-instead-of-rent

Why New Castle County Is a Great Place to Live

New Castle County, Delaware is the most populous county in the state and the northernmost county. The county seat, Wilmington, is one of the most popular places for home shoppers who are looking for new homes in northern Delaware. From the Wilmington area, individuals can easily access all the best that New Castle County has to offer. From beautiful vistas and outdoor recreation to shopping, dining, and cultural attractions, you’ll find everything you’re looking for when you come home to New Castle County.

Lots of community fun

Residents of New Castle County, DE love their annual festivals. There are plenty of opportunities to get out in the community, mingle with the neighbors, and have fun with family and friends. The New Castle County Old Fashioned Ice Cream Festival, Fall Craft Festival, Blues Festival, Brandywine Festival of the Arts, and Middletown Olde Tyme Peach Festival are just a few examples.

Beyond festivals, county residents enjoy spending time in the great outdoors. New Castle Battery Park is located by the scenic riverside, Rockwood Park offers hiking trails, and Carousel Park features horseback riding.

World-class dining options

The dining scene in New Castle County is one to be savored. You’ll find everything your stomach desires—from American cuisine to Chinese takeout to fine French dining, and everything in between. Enjoy a romantic evening with your significant other, followed by a stroll along the river, or take the kids out to a casual family diner after a morning spent at the park.

New construction homes in New Castle County, Delaware

Looking for high-quality new construction homes in New Castle County Delaware? Montchanin Builders focuses on superior craftsmanship and architectural innovation in our move-in ready homes. Plus, our walkable communities feature plenty of wide-open green spaces and neighborhood amenities. Darley Green and The Overlook at Rockford Falls are two of our world-class neighborhoods that blend the best of modern living, while remaining close to nature. Call us today to schedule a viewing. Be sure to ask us how to get $15,000 toward your home purchase, available at select  homesites at Darley Green!

Additional resources for home buyers:

  1. Delaware Today, New Castle County Living, http://delawaretoday.com/Delaware-Today/Delaware-Ultimate-Guide/Annual-2015/Great-Places-to-Live/New-Castle-County-Living/
  2. GreatSchools.org, Wilmington, DE, https://www.greatschools.org/delaware/wilmington/