new homes in Delaware

Top 4 Most Overlooked Things When Buying a Home

Buying a home is the largest investment most people will ever make, and so it stands to reason that most home buyers focus primarily on the purchase price. They also like to imagine how their furnishings will fit into the home and how the house suits their current lifestyle. These are all huge considerations, but they are by no means the only issues you should think about when you’re looking for your dream house. Here are some top things to keep in mind:

The cost of repairs

Many first-time homebuyers underestimate the amount of money it takes to maintain a home. Older houses, in particular, are prone to needing frequent repairs. Whether it’s an old, damaged roof, a malfunctioning furnace, or a warped and weathered deck, the repairs needed to keep an older house in good condition can easily throw your budget off track.

If you’re buying an older home, be sure to set aside plenty of liquid funds to take care of emergency repairs.

Another option is to purchase a new, move-in ready home instead. If you purchase a new home, your roof won’t need replacing for at least a few decades, and all of the major appliances (along with everything else) will be new. The prospect of saving a lot of money on repairs is just one reason why many homebuyers prefer to purchase new construction houses.

The distance to transportation hubs

Location is crucial when buying a new home. In particular, consider whether the new home is close to major transportation hubs, such as interstates and airports. You’ll be glad later on when you find yourself running late and having to hurry to the airport to catch a flight.

The convenient proximity to major transportation hubs is one reason why many homebuyers choose to live in Wilmington, Delaware. For instance, Wilmington is only a half-hour away from Philadelphia! It’s a centrally located community that is close to train stations, Philadelphia Airport, and major interstates.

The walkability of the neighborhood

A walkable neighborhood is more important than you might think, and unfortunately, it’s something that many homebuyers don’t consider until after they’ve made their purchase. A home on a spacious lot in a walkable neighborhood will give you both privacy and recreational opportunities. Some essential features of a walkable neighborhood include wide open, green spaces, tree-lined streets, and amenities just a short walk away.

A growing family

Before making a purchase offer, consider your current living situation and how it might change over the course of the next decade or so. If you’d like to stay in the home for a while, consider whether you might want to grow your family down the road. It may be worth it to buy a bigger house than you think you need right now so that you won’t have to move again later.

Tour move-in ready homes in Delaware

If you’re looking for a beautiful, spacious home in a walkable neighborhood that is close to major transportation hubs, the homes for sale in Darley Green are a must-see! Montchanin Builders specializes in building neighborhoods with an old-fashioned neighborhood feel, with plenty of wide-open spaces and tree-lined streets. Call today to schedule a tour of our new homes in northern Delaware. Make sure to ask about our special financing offers!

Additional resources for home buyers:

4 Things Homebuyers Should Look for in a Lender

When you’re in the market for a new home, much of your time is spent thinking about the ideal location, the square footage, or even your decorating options. Choosing the right home loan partner, however, is equally as important. That’s one reason why so many homebuyers in Delaware choose to work with Montchanin Builders—we’ve partnered with Cardinal Financial, one of the nation’s premier home lenders.

Cardinal Financial makes the pre-approval and home financing process quicker and easier than you’d think! Call us today to learn about attractive financing options for purchasing the gorgeous move-in ready townhomes and condos at the master-planned community of Darley Green.

Select a lender who walks you through the process.

If you’re a first-time home buyer, the closing process can be stressful! There is a lot of new terminology to digest, for example, and you might not know the difference between escrow and earnest money or between liquidity and equity. You need a loan officer who has plenty of experience working with first-time home buyers, and who will walk you through the process step by step.

At Montchanin Builders, our preferred loan officer, Katherine Dunckley, is dedicated to providing unsurpassed customer service. She specializes in working with first-time home buyers, and will gladly help you understand all aspects of the home lending process.

Choose a mortgage originator

Not all mortgage brokers are mortgage originators, which is another reason why home buyers prefer to work with Cardinal Financial. This company is a mortgage originator, which means they provide their own financing. Cardinal Financial can underwrite, close, and fund your entire home loan.

Look for a lender with an accessible digital platform

The process of applying for a mortgage can get complicated. It requires a great deal of documentation, and you’ll have some choices to make. It’s best to choose a lender that offers an easily accessible digital platform, like Cardinal Financial. With their online portal, homebuyers can upload the necessary documentation digitally—cutting down on trips to the office. They can also review their customized to-do list to ensure they stay on track with the process, and they can check on the loan status at a glance.

Select a lender with flexible home loan options

Flexibility is crucial when it comes to taking out a home loan, as different home buyers have different needs. The home loan option that works well for your new neighbor may not fit your needs. Another great aspect of working with Cardinal Financial is their wide range of flexible home loan options, so you can choose what best fits your finances and preferences.

Check out new homes in Northern Delaware

Are you looking for move-in ready homes in Delaware that offer proximity to major amenities and transportation hubs, yet are also surrounded by wide open, green spaces? Look no further than the walkable community of Darley Green by Montchanin Builders. In Wilmington, DE, Darley Green is known for its beautiful, modern townhomes and condos at affordable price points.

To learn more about moving into Darley Green, contact Montchanin Builders today to schedule a tour! We’re proud to partner with Katherine Dunckley of Cardinal Financial to make the home-buying process as easy as possible for our valued home buyers.

Additional resources for home buyers:

Where to Go for Advice When You’re Buying Your First Home

Buying your first home can be as nerve-wracking as it is exciting. With so many different options to sort through, making a decision can feel like an overwhelming task. Fortunately, there are many useful resources available to assist you. If you are a first-time home buyer in Wilmington, Delaware, then the team at Montchanin Builders will be happy to help you find your dream home at one of our stunning and affordable master-planned communities.

First-time homebuyers can also take advantage of a number of other sources to get the information and advice they need, including online listings, buyer’s agents, and mortgage brokers. Read below to learn more about these helpful resources.

Online Listings

It can be tempting to simply drive around the neighborhood that you are interested in and look for homes with “for sale” signs. However, this can be time-consuming, and it means that you run the risk of overlooking homes that you might be interested in. Online listing companies such as Zillow or Trulia offer detailed information about many homes that are currently on the market. However, keep in mind that not all homes for sale are listed on these sites. This is where having an agent can be so useful for first-time homebuyers.

A Buyer’s Agent

A buyer’s agent is a real estate agent who represents your interests during the buying process. Buyer’s agents can serve a number of roles. First and foremost, your agent will look for properties that fit your budget and your preferences, so that you can narrow down your choices. They can also negotiate with listing agents (who represent the seller during the buying process) on your behalf, and refer you to home inspectors and other professionals whom you may need to work with. Buyer’s agents tend to specialize in certain areas, so make sure that you find one who is familiar with the neighborhood that you want to live in.

A Mortgage Broker

If you are planning to purchase a home, then you will likely need a loan—which means that you will want to speak with a mortgage broker. A mortgage broker is essentially someone who can help you find a lender and a loan that are well-suited to your current needs as a home buyer. A broker can also guide you through the application process to help ensure that it goes as smoothly as possible. If you want to save time, then working with a mortgage broker can be an excellent idea. Our preferred lender, Katherine Dunckley with Cardinal Financial, will help walk you through the mortgage process and direct you to the best loan to fit your needs!

Looking to Buy Your First Home in Wilmington, DE?

If you’ve been searching for your dream home, you’ll never find a better spot than beautiful Wilmington, Delaware. Montchanin Builders is proud to offer a selection of gorgeous move-in ready homes for you to choose from.

Our townhomes and condos are conveniently located, competitively priced, and designed for optimal spaciousness and comfort. If you would like to discover our new homes in northern Delaware for yourself, then feel free to get in touch with us today. We will be happy to arrange a safe and socially-distanced home tour!

Top 3 Scenic Drives Near Wilmington, DE

Like much of the country, you’ve probably been cooped up at home for a while. If you’re looking for a way to get out – and do it safely – consider going on one of the top scenic drive routes in the Wilmington, Delaware region. It’s one of the perks of living in this area. No matter what’s going on or what restrictions are in place, there is always something fun and relaxing to do.

Brandywine Valley National Scenic Byway

The Brandywine Valley Byway is a great way to enjoy both the architectural beauty of the town of Wilmington and also the scenic beauty of the surrounding countryside. Plus, this historic transportation route has played a major role in the past 300 years of American history—from George Washington to the Industrial Revolution and beyond!

The Brandywine Valley National Scenic Byway travels along the Kennett Pike (Route 52) as well as Montchanin Road (Route 100). It’s a little more than 12 miles, and if you’re taking your time with your explorations, it’ll take about an hour to drive it. Or, you can make an entire day of it by stopping at these famous spots along the way:

  • Winterthur Museum, Garden, and Library
  • The Inn at Montchanin Village
  • Nemours Estate
  • Hagley (the DuPont Company’s legacy)
  • Longwood Gardens
  • Brandywine River Museum of Art
  • Brandywine Battlefield Historic Site

Red Clay Valley Byway

You’ll find this scenic route in northern New Castle County between Routes 52 and 48. It’s an ideal choice for people who love the picturesque countryside and wooded hillsides. Like the Brandywine Valley Byway, this scenic route is also historic. It’s a transportation route that dates back to the early European settlements.

The Red Clay Valley Byway is about 27 miles long and will take you about an hour to drive. However, you may want to stop at a few notable places along the way, such as the following:

  • Red Clay Ravine Natural Area
  • Ashland Nature Center
  • Mt. Cuba Center
  • Auburn Heights Preserve

Harriet Tubman Underground Railroad Byway

This Brandywine Valley National Scenic Byway travels through Delaware, Maryland, and Pennsylvania. On this route, you can explore incredible sites on the Underground Railroad that were used to shepherd enslaved men, women, and children to freedom, as well as sites that were personally connected to Harriet Tubman. The more than 30 sites along this route include the following:

  • Harriet Tubman Memorial Garden
  • Harriet Tubman Museum
  • Harriet Tubman Underground Railroad Visitor Center
  • Bucktown General Store
  • Brodess Farm
  • Tuckahoe Neck Meeting House

Note that some of these sites, such as the Harriet Tubman Visitor Center, may be temporarily closed due to the pandemic. Always check before you go for the latest information.

Check out new construction homes in New Castle County, Delaware

When you live in the New Castle County area, there is no shortage of beautiful places to visit and things to do in the great outdoors. Whether it’s a drive through the scenic countryside or a walk through a nature preserve, residents love taking advantage of all that Delaware has to offer. Right now, you can benefit from competitive pricing on move-in ready homes in Wilmington, Delaware, from Montchanin Builders.

We are the region’s premier homebuilders, with a focus on designing master-planned communities with spacious lots and architecturally exquisite homes. Call today to schedule a personal tour or ask about our special financing offers.

Why Walkable Communities Are Attracting Homebuyers During COVID-19

The COVID-19 pandemic has changed many aspects of daily life, including how we conduct business, how we obtain goods and services, and even where we choose to live. There has been a surge of interest in walkable communities set in suburban locations as home buyers seek to escape urban centers characterized by high population density. Moving to a walkable community is certainly a smart choice during a pandemic, but it’s also one that makes sense in the long run. Even after life gradually returns to normal, homebuyers can continue to reap the rewards of life in a walkable community.

Health and safety considerations

It’s likely that the number one reason for the rising interest in suburban areas and walkable communities is health and safety considerations. During the coronavirus pandemic, it’s essential to maintain a safe distance between yourself and non-household members. Unfortunately, it’s difficult to do this in an urban area. Those who live in apartment buildings, for example, will inevitably come near people in common areas like the elevator, entrance, and laundry facility. In contrast, a walkable community offers plenty of space for all residents, enabling them to safely maintain distance.

Amenities within easy reach

Another major reason why homebuyers are looking to walkable communities during the pandemic is the availability of a wide variety of amenities within a short distance. Although the population density in these areas is much lower, there are still plenty of local amenities nearby. Some walkable communities are located close to libraries, restaurants, grocery stores, and other shops, for instance.

In addition, since a lower population density generally equals a lower volume of COVID cases, there is a reduced likelihood of exposure when residents do go out for essentials. Local shopping centers, for example, are likely to be less crowded than in the cities.

Wide-open, green spaces

Now that the pandemic has forced most entertainment venues to close their doors, people are enjoying the opportunity to get outdoors and enjoy the fresh air. Of course, it’s easier to find wide open, green spaces in a walkable community than in a city. All you have to do is step outside your door to stroll along tree-lined streets, play catch in a neighborhood gathering area, or put walking and biking trails to good use. As an added bonus, some walkable communities are located near parks.

Explore the walkable communities of Wilmington, Delaware

If you’re ready to trade in urban density for spacious living in a walkable community, it’s time to take a closer look at the new construction homes in New Castle County, Delaware. Montchanin Builders is the area’s foremost walkable community planner and homebuilder. Our beautiful townhomes of Darley Green in our walkable communities offer have everything a homebuyer could want.

Explore our move-in ready homes in Wilmington, Delaware online, or by setting up a personal appointment. We take strict precautions to protect the safety of visitors and staff. Connect with us today, and be sure to ask us about our special partnership with one of the nation’s premier home lenders!

Additional resources for home buyers:

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:

Why Home Buyers Have Their Eyes on the Suburbs in 2020

In the midst of the COVID-19 pandemic, people are being urged to continue practicing safe social distancing and taking other precautions to curb the spread of the coronavirus. However, this is easier said than done when you live in a large city, where masses of people inevitably find themselves in close proximity to one another. It can be difficult, if not impossible, to practice social distancing when you and a dozen of your neighbors are all trying to get an elevator up to the 12th floor at the same time.

But in the suburbs, people are a bit more spread out. There is more room to breathe and sufficient space to follow safe social distancing. In short, there has never been a better time to consider buying a home in the suburbs.

Suburban homes offer more amenities than city apartments

City inhabitants often find themselves having to adapt to apartments that are small and cramped – yet still expensive! Apartment dwellers may find it extremely challenging to follow stay-at-home orders since there isn’t much room for a home office, let alone a home gym.

The solution is to buy a home in the suburbs, where you will have plenty of space to set up your ideal home office. You can even set up your dream gym, all in the comfort of your own home. Plus, you’ll be able to go out into the yard and enjoy the outdoors without inadvertently getting too close to your neighbors.

Suburbs are more affordable than city life

City living is unquestionably expensive. Housing costs far more, and so too do everyday expenses like groceries and auto insurance. Yes, auto insurance companies charge urban residents far more than their suburban counterparts—even if they have the same driving record and vehicle! In contrast, moving to the suburbs can save you a bundle over the years.

Find your sanctuary in the suburbs of Wilmington today!

Are you interested in escaping big city life for the comfort and wide-open spaces of the suburbs? There are lots of beautiful and affordable homes for sale in Wilmington, Delaware, built by Montchanin Builders. We are a local leader, providing master-planned communities that encompass wide open, green spaces, and family-friendly amenities. Yet, you’re never far away from the attractions and conveniences of the city.

Check out our new homes in northern Delaware today by calling us today. Remember to ask us about our special financing offers available through our partner, Cardinal Financial!

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

The 3 Surprising Things Homeowners Really Want

If you’re in the market for a new home, you likely have a very specific wish list of amenities and features that you can’t do without. How do your preferences stack up with those of other homebuyers? See what the latest research says about the unexpected home features that buyers are craving.

A generously proportioned garage

American homebuyers really love their garages. That’s according to a recent statement by the National Association of Home Builders (NAHB). The NAHB determined that most of all residential new construction during 2018 featured two-car garages. A full 64 percent of residential home builders included this feature as a must-have. In addition, 21 percent of new homes included a garage large enough to house three vehicles.

A great lighting package

Pre-installed lighting packages are another surprising thing that American home buyers look for in a home. It can be a hassle for homebuyers to find a contractor to install an additional lighting , which is why they often prefer to purchase a home that already features it or can have it added while building.

A walkable neighborhood

A third surprising thing that attracts a lot of homebuyers is living within a walkable neighborhood. These days, people often prefer to live close to nearby amenities, like great restaurants, museums, recreational spaces, and entertainment venues. Yet, they also want to live within a peaceful and spacious neighborhood setting with opportunities for walking and public gathering.  A walkable neighborhood provides the perfect blend of wide-open green spaces and nearby urban amenities.

New homes in northern Delaware with these great features!

If you’re in the market for move-in ready homes in Delaware, check out the properties available from Montchanin Builders. Our masterfully designed homes in the walkable community of Darley Green feature lighting packages, spacious garages, and so much more. We’re here to help! Call us today to learn more!

Additional resources for home buyers:

How to Get the Most Out of Virtual Home Tours

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

A look at virtual home tours

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

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

Making the most of a virtual home tour

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

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

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

Virtual home tours in Wilmington, Delaware

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

Additional resources for home buyers: