new homes Delaware

2020 Homebuyer Preferences Post-COVID

Though the coronavirus pandemic has created uncertainty in so many areas of our lives, homebuyers have remained optimistic and active, and the real estate market has become increasingly robust in recent months. In this new era of remote working, schooling-from-home, historically low mortgage rates, and no clear answers as to when the COVID-19 pandemic will abate, consumer commitment to buying a new home is as strong as ever – though how have homebuyer priorities shifted in 2020?

Homebuyers are looking for larger homes

Recently, partnered with HarrisX to conduct a nationwide survey of consumers to determine how homebuying activities and behaviors may have changed in the wake of the pandemic. It might have been assumed that the COVID pandemic would have encouraged consumers to become more conservative with their homebuying plans. However, the survey actually revealed that more home buyers are thinking of purchasing more spacious homes at higher price points.

The shift toward purchasing homes with ample square footage likely reflects the fact that families are dealing with the reality of remote working and schooling arrangements, which give rise to the desire for more spacious living quarters.

Walkable communities are a big hit with homebuyers

Even as gyms and entertainment venues open back up, many people are still hesitant to gather together in large crowds. For many, it’s simply safer to enjoy outdoor recreation in areas that give everyone plenty of space for social distancing. This is a major reason why walkable communities in suburban areas – such as Montchanin Builders’ Darley Green, featuring plentiful open green spaces – have become big hits with homebuyers.

Homebuyers are saving larger down payments

The onset of the pandemic has forced many individuals to reconsider their savings goals, with many people reporting that they are saving more than previously and paying down debt more quickly. The same behaviors can be seen with home buying activities. According to one survey, 63% of consumers report saving more money than before, which they could potentially use for a larger down payment on a house. Many consumers report that sheltering in place has allowed them to save more money by cutting expenses on things like transportation.

Often, saving is thought of as a long-term goal, and so one might assume that more consumers are delaying their homebuying plans. However, this isn’t the case. In fact, 41% of consumers say the pandemic is encouraging them to think about buying a home sooner rather than later. This is a sharp contrast from the 15% of consumers who are thinking of buying a home later down the road.

Find your dream home in Wilmington, Delaware

You may have spent the past few months dreaming about a better future after the pandemic, but why wait? Right now is the perfect time to explore the move-in ready homes in Delaware available from Montchanin Builders. Our walkable communities are welcoming places where you can enjoy plenty of space for safe outdoor recreation. Plus, they’re just a short distance away from attractive amenities like restaurants, entertainment venues, and parks. Get in touch with Montchanin Builders today to request a socially distant tour of our model homes.

Why Summer Is the New Spring for Real Estate

Spring has traditionally been a great season for home sellers. After a long winter, buyers are eager to jump in their cars, tour through new neighborhoods, and set up viewings of move-in ready homes. However, many regular routines have been put on hold in the midst of the COVID-19 pandemic. Now that some regions are phasing into re-opening, home buyers are once again starting to venture out to take a look at new homes in northern Delaware. If you’re ready to move into your next home, right now is the perfect time to begin your search!

The current state of the housing market

In this time of economic uncertainty, there is at least one reason to be optimistic: This summer is actually a great time to buy a house. In fact, the rates for 15-year and 30-year fixed-rate mortgages are at historic lows. Furthermore, experts predict that the mortgage rates will continue on their downward trend for the foreseeable future. This makes it a great time to lock in a historically low interest rate.

Apartment living isn’t conducive to social distancing

Stay-at-home orders may have begun to ease, but that doesn’t mean social distancing is any less critical. In fact, certain areas of the country are seeing alarmingly high spikes in COVID-19 cases. This means that it’s still important to exercise precautions by wearing a mask and keeping your distance from others. Unfortunately, it’s hard to practice social distancing when you’re living in an apartment building. You’ll inevitably run into people in the hallways, elevators, and the laundry room. This is just one more good reason to start looking for a new home this summer. You can keep yourself safer by giving yourself more living space.

Homebuyers are reconsidering their priorities

Like a lot of Americans, many homebuyers have shifting priorities. A great number of people have been working from home these days, and this arrangement can create some challenges. It’s essential to have a designated workspace that limits distractions and boosts productivity. Since working from home is a trend that’s likely to continue (some companies have stated they will continue to have work-from-home employees on a permanent basis), homebuyers often crave a floor plan that includes space for a home office.

See new homes for sale in Wilmington, Delaware

Montchanin Builders is pleased to be open for business to help you find your dream home. If you’re looking for a floor plan with flex space for your home office, we invite you to tour our master-planned community of Darley Green. The manor townhomes, such as The Montgomery model and The Clemson model, feature flex space that is perfect for a productive workspace. We’re taking all necessary precautions to protect our visitors and staff members. Please wear a face covering and maintain a six-foot distance between yourself and others while visiting our Sales Center or Model Home.

Get in touch today, and make sure to inquire about our competitive home pricing and buyer-friendly lending partner!

Additional resources for home buyers:

Rent or Buy? 4 Questions to Ask Yourself

Do you have the home-buying itch? The urge to nest and have a place that you can truly call your own? Homeownership is one of the greatest feelings in the world. It confers a certain sense of pride, stability, and security that’s hard to beat. But is homeownership always better – and financially wiser – than renting?

Wouldn’t it be better to make a monthly mortgage payment, instead of throwing away those hard-earned dollars on a property that doesn’t appreciate?

Buying a new home may be one of life’s most thrilling moments, but it’s not always the right decision. If you’re contemplating whether to rent or buy, ask yourself the following questions. The answers should steer you in the right direction.

Can you afford homeownership?

Buying a home will be one of the largest purchases of your life. Are your finances up to the challenge? Most experts agree that your housing budget should not exceed one-third of your income. It’s not just a monthly mortgage payment to consider, but also insurance, taxes, routine maintenance, potential HOA fees, and repairs that factor into the equation.

In terms of interest rates, is it a good time to buy?

Most people aren’t buying a home with cash. They need to finance and borrow money, which means looking at federal interest rates. The higher the rate, the more money you’ll be shelling out over the life of your mortgage. Right now, the 30-year fixed rate is at an all-time low, hovering around 3.30 %. For motivated home buyers, this is excellent news!

Will my credit score help or hinder?

You’ll need a decent credit score to qualify for the best mortgage loans. While getting a mortgage is not impossible with poor credit, the terms will be less favorable, meaning you’ll pay more interest over the long-term. There are various websites to check your FICO credit score, some of them free of charge. Credit scores can range from 300 to 850. Generally speaking, you want a score of at least 620 or higher to be in the ‘good’ to ‘exceptional’ categories.

What are your individual goals?

Much of the rent vs. buy dialogue revolves around simple economics, but if your finances are in order, ask yourself if you’re ready for the stability and responsibility that comes with owning a home.

Lifestyle and future goals also come into play. Homeownership gives you privacy, freedom, and the ability to put roots down in a community. On the flip side, renting offers a degree of flexibility and convenience, but you’ll never be able to customize the look of your home without complying with rules and regulations.

Montchanin Builders homes for sale in Wilmington, Delaware

There are many factors that play a role in the decision to rent or buy. When starting your search for new homes in northern Delaware, turn to Montchanin Builders for expert craftsmanship, superior construction, and modern floorplans in the most desirable communities.

Explore the beautiful move-in ready homes for sale at our master-planned community of Darley Green. Get in touch today to schedule a personal tour, and learn more about financing options available!

Why It’s Smart Not to Put Your Home Search on Hold

According to, the U.S. housing market was on solid ground prior to the coronavirus pandemic. “Despite still-limited homes for sale, buyers were buying and builders were building… virus-fighting measures appear to be disrupting that initial momentum as both buyers and sellers adopt a more cautious posture,” stated the company’s chief economist Danielle Hale.

It’s understandable that potential home buyers would put their search on hold until they feel more certain about the economy and their own long-term financial security. This is uncharted territory, but there are a few compelling reasons why it’s a smart move to stay in the market for a new home this spring.

#1. Fewer home buyers looking = less competition

Nearly half of all real estate agents have noticed a sharp downturn in buyer interest since COVID-19 shelter in place orders began. Uncommitted and unmotivated house hunters have dropped out completely, meaning less competition for prime properties of interest. Over the last month, new home listings have continued to increase, meaning sellers are off the sidelines, and eager to push inventory.

#2. Historically low 30-year fixed mortgage rates

Last week, the 30-year fixed mortgage fell to 3.24 percent.  Compare this to 4.18 percent from May of 2019. According to BankRate, there’s a good chance that mortgage rates, which are near record lows, will remain steady for the next few months.

#3. You could miss the money-saving boat

Financial planners say that – economic crisis or not – it’s impossible to time the market perfectly when it comes to buying real estate. If you hit pause and wait too long to purchase a home, you may miss out on the chance to lock in record-low interest rates for a mortgage.

#4. A strong rebound is anticipated

Other housing market analysts predict that once the quarantine orders are lifted, the temporary ‘softening of the real estate market’ will probably be followed by a robust rebound. Once this happens, all the people who put their home search on hold will flood the market, potentially driving prices higher. Given this possibility, it makes sense to crunch your numbers and keep your eyes open for the home of your dreams.

New construction homes in New Castle County, Delaware

While the dynamics of purchasing property have changed, there are many viable reasons to keep alive your dream of having a spacious new dream home!

Montchanin Builders has an inviting selection of homes for sale in Wilmington, Delaware, featuring contemporary floor plans, up to 2,500 square feet of living space, and attractive financing options.

Call to schedule a personal tour of our new construction homes in beautiful, New Castle County!

5 Tips for Starting Your Home Search

Buying a new house or your first home can be stressful – from deciding on the location and features, to actually visiting each potential space. It’s a big purchase, perhaps the biggest one you’ve ever made, and you want to make sure you are investing in a property that is going to help you build wealth over time.

Whether you’re a first-time buyer in Delaware or upgrading from a current house, condo or townhome, setting your priorities early can help you breathe easier throughout the process. Here are five important items to consider when looking for your next living space.

Determine your must-haves

Before you start looking at houses, organize your thoughts and decide on what’s most important to you and your family. Telling your real estate agent you want something that includes a covered garage, soaking bathtub, or fenced-in yard can help to eliminate “losers” and narrow down your list to true potentials. Once you’ve listed everything out, pick three, five or seven “must-haves” and go from there.

Location and neighborhood

Everybody knows the true value of a home is based on its proximity to important destinations – schools, hospitals, police and fire stations, and in some cases, landmarks and city life. Yet most people are also looking for an area that matches their personality and interests. You wouldn’t expect to find a modern, neo-colonial home in an eclectic, older neighborhood. Knowing what type of place you want to live in can help you to determine what kind of features will match your lifestyle interests.

Envision your furniture inside

It may feel like you’re jumping the gun, but envisioning a potential home with your current furniture can help it feel more real. You can also get an idea of how much money you’ll need to spend on new furniture if what you currently have isn’t a good fit. From there, you can factor that information into the overall cost of the house and whether new furniture is in or over the budget.

Consider choosing move-in ready homes in Delaware

For many first-time homebuyers, finding a home that is move-in ready has massive appeal. It often can allow you to put on finishing touches to match your preferences and select styles and materials for cabinets, flooring, and fixtures. What is most attractive is that move-in ready homes mean minimal hassles, unexpected costs, or surprises.

Look for a builder you trust

With more than 60 years of combined experience, Montchanin Builders in Wilmington, Delaware have been building homes and creating communities for Delaware residents to enjoy. Our homes have been awarded and recognized for their quality construction and craftsmanship, ensuring that families and homebuyers are satisfied with every detail, no matter how small. If you’re looking for a move-in ready home, condo, or townhouse, Montchanin Builders offers everything you need.

Schedule a tour or inquire about potential financing offers by contacting our experienced professionals today at 302-655-2600. Montchanin Builders will make your home buying process easy and enjoyable!

Additional resources:

  1. U.S. News; What Does Move-In Ready really mean for your home?
  2. U.S. News; 7 Things First Time Home Buyers Wished they’d Known,

Moving to Delaware from Another State? Here’s Your To-Do List

Moving to Delaware or any other new state can be exciting but also challenging. There’s a lot to do if you’re just moving across town, but your to-do list can get intimidatingly long when you are picking up roots and moving to a different part of the country. The good news is that the process doesn’t have to be stressful. Use this checklist to make your move smooth, efficient, and, dare we say it, fun!

Set a Budget

Moving can be expensive, and these costs are compounded in interstate moves. It is important to set a budget to make sure that you don’t overspend on moving costs and expenses. Be wary of additional and hidden fees that moving services sometimes sneak into a bill.

Choose a Mover

Finding a good moving company that specializes in state-to-state moving is a priority. Find a company with experience in interstate moves, as they will have the necessary knowledge regarding highway logistics and federal laws, weight regulations, and other things you might not even know you need to be aware of.

Be sure to get quotes from at least three different companies to make sure you’re getting the best deal for the services offered.

Clean and Purge

A move provides the perfect impetus to do some cleaning and purging. Take inventory of all your household items, splitting them into three groups: keep, give away, and garbage. Being ruthless with what you get rid of can only help save you money on moving costs.

Start Packing Early

Packing is a process that should not be left until the last minute. You’d be surprised how long it takes to pack up an entire home. You can use helpful online packing checklists to stay organized. Don’t forget to pack a suitcase or box with essentials that you will need on moving day, and the days immediately following your move.

Cancel Your Services

While packing and moving both take a long time, it’s important that you don’t forget about details like officially changing your address, cancelling services, and transferring home utilities.

Be sure to change your address on your bank accounts and credit cards, as well as with the USPS to make sure you don’t miss important mail. Cancel any subscriptions to local clubs or memberships, as well as all home delivery services.

Also, it’s vital that you schedule the disconnection of any home services and utilities in your current home and schedule re-connection of the same services in your new home. Look into services like gas, water, electricity, Internet, and cable.

Start With A Move-In-Ready Home

Congratulations on your decision to relocate to the beautiful state of Delaware! Your interstate moving checklist will get a lot shorter if you choose a luxurious and affordable move-in ready home at one of Montchanin Builders’ unique walkable communities. Our spacious new homes in Delaware offer modern amenities, impeccable construction, and effortless convenience. Call us today to schedule a tour or to inquire about our special financing offers.

Additional resources for Delaware homebuyers:

  1., A Checklist For Moving Out of State,
  2., The Ultimate Moving Checklist,
Real Estate "sold" sign

Best Time to Buy a New Home? Try Late Summer!

Buying a home, for most people, is one of the biggest – and most exciting – investments they will ever make. And when it comes to getting a sweet deal on your dream home, timing is everything. So how do you get the most bang for your buck without making sacrifices? There are many variables that come into play: your own cash flow, interest rates, housing inventory, and the time of the year you make your purchase.

According to real estate database Zillow, prospective home buyers should start shopping in late summer, when active listings are in abundance. That’s right: August and September are prime months for would-be home buyers, and there’s ample selection with Montchanin Builders’ beautiful move-in ready homes in Delaware.

Bigger housing selection, more deals to be found

An analysis of residential property listings and price points shows that patience pays off when it comes to house hunting. Sure, Springtime is flooded with new home listings, but many of these sell at the initial price (or slightly above). In fact, Zillow had more active listings in August of last year than in June, and September fared about the same. This means there are more properties to choose from. This is a win-win situation for new homebuyers in Delaware, especially young families who want to move into their new house before Labor Day and get their children ready for school.

While a lucky few home buyers can strike a great deal during other months, the data shows that late summer is ideal for saving cash and finding that perfect combination of location, amenities, and space.

If you’re keen on living in New Castle County and are looking for a newly built townhome equipped with all the modern conveniences, you’ve come to the right place! Montchanin Builders has many available properties and great financing deals.

Move-in ready townhomes and condos

Inventory swells give potential buyers a leg-up in Delaware this summer. Enjoy less competition and the possibility of lower price points on the floorplan of your dreams. At the master-planned community of Darley Green, each condo and townhouse boasts a state-of-the-art kitchen, spacious bedrooms, and upgraded finishes, with up to 2,500 square feet. Take a tour of the luxury townhomes at The Overlook at Rockford Falls. These 3-bedroom, 2 1/2 bath-homes feature up to 4,000 square feet of living space and are less than two miles from downtown Wilmington.

Get pre-approved for one of our new construction homes in New Castle County Delaware! Call Montchanin Builders today.

Additional Resources for New Home Buyers:

  1. Zillow, What’s the Best Time of Year for Home Buyers?
  2. USA Today, Real estate: 3 challenges facing first-time homebuyers,

Why Buying a Move-In Ready Home Can Save You a Ton of Money

Some people like the idea of buying a fixer-upper, but often the renovations are more of a headache than the homeowners had bargained for—and they’re usually more expensive too. Instead of buying a fixer-upper, consider the many benefits of checking out the beautiful, move-in ready homes in Delaware available from Montchanin Builders.

Home renovations will always cost more than initially thought

Budgeting is one of the most important aspects of planning a major home renovation project. Unfortunately, remodeling projects have a way of wreaking havoc on budgets. If you’ve ever seen an episode of one of the many house flipping shows on TV, then you already know how unexpected problems always crop up. You might think that a wall only needs a coat of paint, only to find that the electrical system needs to be totally ripped out and redone. And that wooden floor that you thought only needed to be sanded and stained? It’ll turn out to be sloped, indicating major foundation problems. All of those extra problems mean more money out of your wallet.

Home renovations will always take longer than initially thought

No matter what the contractor tells you, plan on the remodeling project taking longer than what was quoted. Additional problems will likely crop up that need to be addressed before moving forward. Those fancy fixtures you ordered may get lost in transit. Subcontractors will come down with the flu. Mistakes will likely be made that need to be corrected. You name it, it’ll probably happen.

A remodeling project that drags on longer than initially thought isn’t just a headache and an inconvenience; it’s also more expensive. If you’re remodeling your kitchen, for instance, you can count on eating expensive restaurant meals for weeks longer than you’d budgeted for. If you have pets, you may need to shell out cash for pet-friendly daycare for a longer period of time to keep them safe from the power tools. And of course, you may find yourself using up your sick leave and vacation time because you have to keep running home to deal with the contractors.

It’s far more affordable and much less of a hassle to simply buy a home that you love as is!

“Where can I find move-in ready homes for sale near me?”

Montchanin Builders is known for building beautiful homes within masterfully planned communities. Tour our friendly, walkable neighborhoods of Darley Green or The Overlook at Rockford Falls, and view our thoughtfully designed move-in ready homes near you! These architectural gems were built especially to suit the needs of everyone!

Give us a call at (302) 472-7212 to request a viewing and inquire about our special financing offers.

Additional resources for home buyers:

  1. Investopedia, Top House-Hunting Mistakes,
  2. Investopedia, Are You Ready to Buy a House?
moving boxes

Best-Practice Tips for Packing Your Moving Boxes

Congratulations on finding your new home — but your work is not done! Make your moving process as stress-free, efficient and economical as possible with these five best practices for organizing your moving boxes. Remember, if you’re not careful with the packing, a lot of your possessions can become lost or damaged by the time they arrive at your new home. Consider these tips for making your move smooth and hassle-free!

1. Fill the Boxes

Leave as little empty space as possible in every box. Excess empty space allows items to shift, thus increasing chances of them breaking. Homeowners have a tendency to pack all the clothing and other fabrics into their own boxes. However, consider using your clothing and towels as space fillers for the boxes. This saves you the cost of bubble wrap or packing peanuts.

2. Label the Boxes

Your moving supplies should also include an ample supply of permanent markers. Label every box so you know what’s inside without having to open them. Instead of a generic label like “dishes” or “shoes,” list every item like this:

  1. Nick’s running shoes
  2. Anna’s flipflops
  3. Mom’s rainboots
  4. Dad’s dress shoes

If there’s too many items to list on the box, then keep inventory on a separate notebook or keep a digital record on your mobile device.

3. Heavy Items in Small Boxes

It’s natural to think heavy items go in large boxes and light items go in small ones. When it comes to moving, the opposite is true. Heavy items like books and photo frames should go in smaller boxes. Lighter items like fabrics go in the jumbo boxes. Why? Cardboard boxes don’t have a great weight capacity. It’s easy to put too many heavy items in larger boxes, causing them to give out from the bottom.

4. Improvise Your Moving Boxes

Not every moving box has to be a typical cardboard box. If you have travel luggage, use them as supplementary boxes. The same goes for similar items you may have, such as portable storage drawers and Rubbermaid bins. Many of these are actually sturdier than cardboard boxes; plus, you contribute to the environment by cutting down on cardboard use.

5. Don’t Overfill

The first tip was not to leave too much empty space. By the same token, you should also not overfill. As a general rule, a typical cardboard moving box should not exceed 30-pounds. If the box requires two people to carry, then it’s too full. If the items extend beyond the opening and you have to force the lid shut, then it’s also too full.

Have You Found a New Home Yet?

Now that you know the best way to pack, the next step is searching for your new dream home! Consider new homes for sale in Wilmington, Delaware at the master-planned communities of Montchanin Builders. Schedule a tour of our available properties today! If you’re a Wilmington Delaware first-time home buyer, make sure to ask about our industry-leading financing options!

Additional resources:

  1. Moving Waldo, How to Pack Your House Strategically,
  2. Uhaul, How to Effectively Pack Your Moving Boxes,
spring cleaning

Essential Spring Cleaning Tips for New Homeowners

Spring cleaning is a long-standing tradition, dating back to when fuel-burning light and heat sources coated interior spaces with a layer of grime over a long winter. Back then, the change in weather was the ideal opportunity to give the entire home some much needed care. Today, spring cleaning still retains the spirit of renewal, encouraging a fresh start for a new season.

Spring Cleaning To-Do List

Cleaning your entire home can seem like an overwhelming task, especially for new homeowners who may be used to much smaller living spaces. This is a major reason why many people procrastinate when it comes to spring cleaning, or even avoid it entirely! As with most projects, the first step is the most important. First, create a list of priorities. You’ll eventually want to cover every room in your home, but certain areas, such as the grout in the kitchen or bathtub, may need urgent attention and should be prioritized.

Get the Right Cleaning Products

The right cleaning products are essential to getting the best results, and taking a trip to the store to buy your favorite cleaning items can give you that much-needed motivation and confidence to help you tackle the project. Professional work such as carpet shampooing and hardwood floor restoration should also be scheduled in advance of your personal spring cleaning agenda.

One common mistake is failing to follow the instructions of cleaning products. Most high-strength cleaners require complete saturation of the surface, as well as time to let the solution settle. These products should always be used as directed.

Spring Cleaning Music Playlist

The uplifting effect of music has been demonstrated in a range of circumstances, from physical fitness to manual labor jobs, and a playlist packed with your favorite songs can help carry you through some of the more tedious moments of housecleaning.

Maximize Your Effort

Spring cleaning requires a significant commitment of time and resources, and so it is best to make the investment count as much as possible. A good way to do this is by taking on the more difficult jobs first. You might also want to prioritize areas of your home that do not get regular cleaning attention, such as the backs of closets, or the tops of fixtures. This will give you an immediate sense of accomplishment that can carry you through the less difficult chores.

Make Changes to Your Home’s Decor

Spring cleaning is a perfect chance to re-evaluate the decor of your home as well. After month after month of short winter days, something as simple as replacing heavy winter linens such as curtains and comforters with lightweight and vibrant alternatives can instantly improve the feel of a space. Your closet and cabinets may also be in need of a good re-evaluation. Are you maximizing space? Are there any items that you are storing that can be disposed of to create space? You should consider finding a new home for any items that have remained unused for 6 months or more.

First-time home buyer in Wilmington, DE? Call Montchanin Builders

Spring is a time of restoration, and as the outdoors bloom with verdant leaves and colorful new flowers, your home should feel refreshed indoors. A thorough cleaning is also an excellent way to celebrate moving into a new home, getting the next chapter of your life as a Wilmington, Delaware first time home buyer off to a productive beginning. Contact Montchanin Builders today to schedule a tour of our new homes for sale in Delaware. Remember to ask about how you can receive up to $15,000 towards closing costs!

Additional resources:

  1. Sylvane,
  2. Good Housekeeping,