New Home Tips, Trends, and Ideas - Raleigh Custom Home Builders

Penn Hull

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Mudrooms and Drop Zones New Home Trends | Triangle Parade of Homes 2016

Posted by Penn Hull on Tue, Oct 04, 2016 @ 12:10 PM

Triangle Parade of Homes Trends 2016:

How important are mud rooms to new home buyers?

The Chatham County Parade of Homes can be a great trend indicator of the demand for mud rooms and drop zone storage systems, which are often found in mud and laundry rooms. We've analyzed the 2016 Tour data, and here's what we found:

Mudrooms and Drop Zones | Triangle Parade of Homes 2016



What's Going on with New Homes in Chatham, North Carolina?  Locations of Drop Zones

Built in Drop Zones were one of the most popular new home features selected by home builders for entries available for viewing during the Triangle Parade of Homes in Chatham County.

Mudrooms and Drop Zones | Triangle Parade of Homes 2016

87% of Parade of Homes Entries in Chatham County included a Drop Zone

  • 87% or a whopping 26 of the 30 homes included a drop zone.
  • "Drop Zones", or an area with a bench, cubbies, coat hooks, or other built-in organization, have become a top-requested feature in new homes.
  • Coats, shoes, hats, backpacks, and more can easily be organized in a Drop Zone, reducing clutter in other areas of the home.

Locations of Drop Zones

Mudrooms and Drop Zones | Triangle Parade of Homes 2016

1. Hallway or Dedicated Mudroom - 73% of Parade of Homes Entries in Chatham County

  • 22 homes, or 73% of all homes on parade in Chatham, have a drop zone in a hallway or a dedicated mudroom, near the garage entrance.

2. Inside the Laundry - 13% of Parade of Homes Entries in Chatham County

  • 4 homes, or 13% of all homes on parade in Chatham, have a drop zone inside the Laundry Room

3. No Drop Zone - 13% of Parade of Homes Entries in Chatham County

  • 4 homes do not have a drop zone.
  • Older homebuyers, or those without school age children, are somewhat less likely to look to a drop zone as a highly desired feature.
  • A coat hook area can also serve some of the same purpose as a drop zone, without needing extra space. 

Mudrooms and Drop Zones | Triangle Parade of Homes 2016Mudrooms and Drop Zones | Triangle Parade of Homes 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


What does this mean for homebuyers in Chatham County?

Parade of Homes entries generally represent what builders believe homebuyers are looking for today.  What types of built in storage are YOU looking for?

Check out hundreds of possibilities, including top-requested one story, main floor master, and two story plans, here:

Mudrooms and Drop Zones | Triangle Parade of Homes 2016

 


These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

 

65 Brookhaven Way Pittsboro NC | Chatham County Custom Homes

 

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities. 

 

Tags: mudroom drop zone, parade of homes 2016, Chatham County New Homes, Triangle Parade of Homes 2016, Chatham County Home Builders

How Big are Kitchens and Pantries? | Triangle Parade of Homes 2016

Posted by Penn Hull on Tue, Oct 04, 2016 @ 11:10 AM

Home Building Trends in the Triangle Parade of Homes 2016:

What's inside Parade Homes can be a great indicator of wider home building trends. 

What's the ideal way to get seating and storage in the kitchen?  We've analyzed the data, and here's what we found:

Kitchens and Pantries | Triangle Parade of Homes 2016



What's Going on with New Home Kitchens in Chatham County?  Types of Kitchen Layouts and Pantry Storage

Island Kitchens with seating for 3 to 4 were the most popular floor plan layout selected by home builders for entries available for viewing during the Triangle Parade of Homes in Chatham County.

1. Islands Without Seating - 3% of Parade of Homes Entries in Chatham County

  • 1 of 30 Chatham County Parade of Homes entries had an island without seating. 

2. Small Islands with Seating for Two - 7% of Parade of Homes Entries in Chatham County

  • 2 of 30 entries had a small island with seating for two.

Kitchens and Pantries | Triangle Parade of Homes 2016

3. Islands with Seating for 3-4 - 57% of Parade of Homes Entries in Chatham County

  • 17 of 30 homes had today's most popularly requested island, a mid-size island with seating for 3-4

Kitchens and Pantries | Triangle Parade of Homes 2016

4. Islands with Seating for 5 or more - 30% of Parade of Homes Entries in Chatham County

  • 9 of 30 homes had an oversized island, with room to seat 5 or more.

5. No Island, Peninsula with Seating - 3% of Parade of Homes Entries in Chatham County

  • 1 of 30 entries did not have an island, but did have peninsula seating.  

6. Dual Islands - 0% of Parade of Homes Entries in Chatham County

  • No entries had two islands.

Butler's Pantries

  • 5 of 30 entries (17%) included a separate Butler's Pantry, usually between the dining room and kitchen
  • A Butler's Pantry usually includes one base and one upper cabinet, though it can include more cabinetry, glass front cabinets, or even a prep sink or wine refrigerator, pending the budget of the home and the priorities of the homeowner. 

Kitchens and Pantries | Triangle Parade of Homes 2016

 

Walk In Pantries

  • 20 of 30 entries, (67%) included a Walk In Pantry
  • Walk In Pantries are very helpful for expanding your kitchen storage area, but not all layouts can accommodate the additional square footage needed, or the traffic flow required.    A longer pantry, or back-up storage near the kitchen, can help with storage needs.  

Kitchens and Pantries | Triangle Parade of Homes 2016

 

What does this mean for homebuyers in Chatham County?

Parade of Homes entries generally represent what builders believe homebuyers are looking for today.  What kind of floor plan are YOU looking for?

Check out hundreds of possibilities, including top-requested one story, main floor master, and two story plans, here:

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

 


These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

 

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities.

 

Tags: parade of homes 2016, Chatham County New Homes, Triangle Parade of Homes 2016, Chatham County Home Builders

Two Car versus Three Car Garages - What's Trending? | 2016 Parade of Homes

Posted by Penn Hull on Tue, Oct 04, 2016 @ 08:10 AM

Triangle Parade of Homes 2016 Trends:

What's the latest trend for new homes with one, two, three, and four car garages?  Does a home ever not have a garage?

The Chatham Orange Durham County Parade of Homes can be a great trend indicator of the demand for the number of cars for the garage. We've analyzed the 2016 Tour data, and here's what we found:

2016ParadeofHomes_Garages.jpg



What's Going on with New Homes in central North Carolina?  Number of Cars in the Garage

Two car garages were the most popular layout selected by home builders for entries available for viewing during the Triangle Parade of Homes in Chatham County.

1. Four Car Garages - 3% of Parade of Homes Entries in Chatham County

  • One home included a 4 car garage, listed at 1.2 million.   
  • A four car garage is generally only seen in luxury homes over the million dollar price point. 

2. Three Car Garages - 10% of Parade of Homes Entries in Chatham County

  • Three homes included a 3 car garage.  A 3 Car Garage has all three garage bays connected in a single row.

3. Split Three Car Garages - 17% of Parade of Homes Entries in Chatham County

  • 5 homes included a split 3 car garage.  
  • A split 3 Car Garage has one bay on one side and double bay on the other side, at right angles to each other.
  • An appropriately designed split garage will allow access into both areas from the home.  This can be accomplished either by including enough area inside the garage or by including an access door from the home directly into each portion of the garage.  There are a few builders that do not create any access into the third bay, which can make it inconvenient to use.  

4. Two Car Garages - 70% of Parade of Homes Entries in Chatham County

  • 21 homes included a 2 car garage.  
  • A two car garage is still the most common garage configuration.  A two car garage is more flexible, in that it can often easily be changed from a front entry to a side entry format, or vice versa.  A two car garage can be standard size, or oversized, with extra room for a workbench or storage.

2016ParadeofHomes_GarageSize.jpg

5. One Car Garages - 0% of Parade of Homes Entries in Chatham County

  • Again, a one car garage is more common in townhomes.  No homes in Chatham County were featured in the Parade with a one car garage.  

6. Zero Car Garages - 0% of Parade of Homes Entries in Chatham County

  • This is more common in townhomes than in single family homes.  No townhomes were submitted in the 2016 Parade of Homes, in Chatham County, though there were entries in other counties.



What does this mean for homebuyers in Chatham County?

Parade of Homes entries generally represent what builders believe homebuyers are looking for today.  What size of garage are YOU looking for?

Check out hundreds of possibilities, including top-requested one story, main floor master, and two story plans, here:

Floorplans.jpg

 


These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

 

65 Brookhaven Way Pittsboro NC | Chatham County Homes for Sale

 

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities. 

 

Tags: parade of homes 2016, Chatham County New Homes, Triangle Parade of Homes 2016, Chatham County Home Builders

What's the Price Per Sq Ft for a Parade Home | Orange Chatham Durham Parade of Homes

Posted by Penn Hull on Mon, Oct 03, 2016 @ 13:10 PM

Orange Chatham Durham Parade of Homes 2016 Trends:

The Triangle Parade of Homes can give home buyers some interesting insight into the SIZE and COST of new homes, usually with some upgrades inside and out. 

So what's the latest trends for parade home size and cost per sq ft?  We've analyzed the data, and here's what we found:

Price Per Sq Ft for a Parade Home | Orange Chatham Durham Parade of Homes



What's Going on with New Homes in Chatham County?  Average Cost Per Sq Ft

Main Floor Master homes were the most popular floor plan layout selected by home builders for entries available for viewing during the Triangle Parade of Homes in Chatham County.

1. Average Price for All Homes - $575,565 for Parade of Homes Entries in Chatham County

  • Taking the two Parade homes that were priced at over $1 million out of the calculations, the average price goes down to $530,771. 

2. Average Size for All Homes - 3384 for Parade of Homes Entries in Chatham County

  • Removing the two million plus homes, the average size is 3179 sq ft.

3. Let's do the math on these Parade of Homes Entries in Chatham County

  • Calculating the value of a home by the cost per sq ft is tricky business.  The entries in Parade of Homes are not fully representative of the available homes for sale in Chatham County, but are just a sampling.  Factors that affect price per square foot for any new home for sale can include, but are not limited to:  cost of the lot, cost of the preparation of the lot and permits, the style and size of the plan chosen, and the finishes and features.  Every builder includes different items in their "base prices", versus what is included in a Tour home.  
  • Average cost per sq ft (including lot / homesite) is $167/sq ft
  • Adding the two million plus homes within the luxury price point, average cost per sq ft is $171. 

Price Per Sq Ft for a Parade Home | Orange Chatham Durham Parade of Homes


What does this mean for homebuyers in Chatham County?

Parade of Homes entries generally represent what builders believe homebuyers are looking for today, as well as representing beautiful samples of home builders' work.  What size of home are YOU looking for? What's your price point?

Get more information on new home pricing, here:

Price Per Sq Ft for a Parade Home | Orange Chatham Durham Parade of Homes

 


These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

CassiopeiaExterior2.jpg

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities.

 

Tags: parade of homes 2016, Chatham County New Homes, Triangle Parade of Homes 2016, Chatham County Home Builders

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

Posted by Penn Hull on Mon, Oct 03, 2016 @ 09:10 AM

Triangle Parade of Homes 2016 Trends:

The Triangle Parade of Homes can be a great trend indicator.  New home and custom home builders build homes that represent what their homebuyers are asking for this year.

So what's the latest trend for one story, two story, and main floor master layouts?  We've analyzed the data, and here's what we found:

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016




What's Going on with New Homes in Chatham County?  Types of Floor Plans

Main Floor Master homes were the most popular floor plan layout selected by home builders for entries available for viewing during the Triangle Parade of Homes in Chatham County.

1. One Story Homes - 17% of Parade of Homes Entries in Chatham County

  • Out of 30 Chatham County Parade of Homes entries, 3 were one story floor plans.  
  • Two of the plans had a second floor "bonus" or storage area, one did not.
  • Unfortunately, two of the three entries were unable to be completed by their builder, and are unavailable for viewing.

2. Main Floor Masters - 57% of Parade of Homes Entries in Chatham County

  • Of the 30 entries, 17 homes had a first floor master layout.  
  • First floor masters can provide the best of both worlds, especially if there is also a first floor guest bedroom.  The footprint stays smaller and more affordable and the facade can be more interesting with the additional height to accomodate a few bedrooms and a bonus area on the second floor.  

3. Two Story Homes - 33% of Parade of Homes Entries in Chatham County

  • Ten homes featured in the Parade of Homes 2016 in Chatham County had the master bedroom on the second floor.  
  • Not only are two story homes more cost effective to build, but many parents of young children prefer to be close to the children's bedrooms.   A second story master can also offer a greater feeling of privacy and even a better view.  

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016
What does this mean for homebuyers in Chatham County?

Parade of Homes entries generally represent what builders believe homebuyers are looking for today.  What kind of floor plan are YOU looking for?

Check out hundreds of possibilities, including top-requested one story, main floor master, and two story plans, here:

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

 


These custom homes are move-in ready, or nearly available, in Chatham County. Click the address for new home cost and more information:

Brookhaven Way – 3144 Sq Ft – First Floor Guest Suite – Move-in Ready Home 

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

 

One Story, Main Floor Master, or Two Story? |Triangle Chatham Parade of Homes 2016

This is representative only of the homes featured in the Parade of Homes, and not intended to be a general indicator of the Chatham County new home market, though Parade of Homes can be representative of overall trends.  These statistics were derived by Penny Hull from public information about Parade of Homes entries, and are copyright Stanton Homes.  The statistics calculated above represent Parade of Homes entries in Chatham County in the Briar Chapel, Chapel Ridge, Chapel Ridge Estates, Dunhill, Fieldston, The Hamptons, Harrison Pond, Henderson Place at Fearrington, Horizon, Legacy at Jordan Lake, Parks at Meadowview, Piazza at Stonewater, Vistas at Chapel Ridge, Westfall, Westfall Pines, Windfall, and Woods at Wilkerson Creek new home communities.

 

Tags: parade of homes 2016, Chatham County New Homes, Triangle Parade of Homes 2016, Chatham County Home Builders

Hottest Trends in 2016 Homes |  Something Really Different

Posted by Penn Hull on Thu, Apr 14, 2016 @ 06:04 AM

Hottest Trends in New Home Building:

What floor plans, features, and finishes are most popular in 2016 homes?

It's getting harder to pin-point the most popular new home trends, simply because homebuyers are looking for more individual customization in their homes. Even inside traditional floor plans - with a downstairs dining room, living room, great room, and master bedroom - buyers are mixing up the layout and adding personal touches to every room.

Stock floor plans are a thing of the past in Raleigh new homes, which are designed to be more livable, functional, and personal.



Efficiency, Flexibility, and Customization:

New homes are all about usability - with increased attention to the efficiency, flexibility, and customizability of each individual room. What does efficiency look like? 

1. A second master bedroom can make multi-generational living possible

A second bedroom/bathroom suite on the first floor offers privacy for extended families, grandparents, and long-stay guests – and it can add value to your new home investment.

Two master bedrooms can be designed to be very different, in reflection of lifestyles and preferences. Having a second master suite can also make it possible for you to "age in place". 

Universal design items, such as grab bars in the bath, wider doorways, and curbless or "roll-in" showers are now common requests for homes designed to last well into retirement. Get a guide to the Top 5 Aging in Place floor plans, click here. 

 

JudsonMasterBath2.jpg

An oversized shower, and no tub, is another trend throughout Raleigh new home construction. See examples in these no-tub master bathroom photos.

2. Bedrooms can double as home offices

Whether you want to create a place for extended guests to stay, or need a space to work from home, modern bedrooms are designed with built in storage (bookcases, a desk, and closet) that can accommodate your changing needs - month to month or over the years.

This upstairs bedroom includes a built in desk - perfect for kids to use as a homework area or you to use as an upstair office.

BrysonBedroom.jpg

 

3. Hallways, landings, and lofts can double as storage centers or pocket offices

A tried and true way to maximize the usability of a home is by adding built in storage to hallways, under the stairs, and other "unused" spaces.

In this home, a version of the Arcadia, we were able to add a storage closet under the stairs. The fit was tight, but the additional storage added a huge benefit.

ArcadiaFoyer.jpg

This upstairs hallway is transformed from "wasted space" into a open office with custom built ins and desk fit to the space.

BuiltInHallwayDesk.jpg

Click here for sample floor plans with an efficient pocket office built in to a hallway, kitchen, or central area.

4. Laudry rooms can double as all-purpose storage centers and mudrooms

Simple additions to the laundry room, such as a free-standing sink, closet, built in shelving, or folding wall ironing board can make a large impact on your daily routine. Learn how to get more out of every sq ft, with these 10 Small Laundry Room Ideas.


BroganLaundryRoom.jpg 


Raleigh New Home Trends:

One of the best things about designing and building a totally custom home is the ability to include the features that matter most, from efficient built ins to multi-use rooms. 

What Raleigh new home trends are most important to you? Tell us what you're looking for, and we'll show you how to built it - with recommendations for floor plan features and selections that fit your budget.



 

Tags: raleigh custom homes, 2016 new homes

Cary New Homes | Building a New Home in Cary NC

Posted by Penn Hull on Tue, Nov 16, 2010 @ 08:11 AM

Cary New Home Ideas and Options

Custom Home Builders in Cary NC

Cary, NC has long been considered one of the top three destinations around the Raleigh area, coming neck to neck with Chapel Hill and North Raleigh.  Cary has many different "Best Place to Live" accolades, and some of the highest property values in the Triangle - great news for homebuyers.

Considering Cary new homes?

Cary custom homes are available in a wide variety of communities, on cozy homesites or acreage.

New Homes in Cary - Available Communities and Lots

Cary New Homes

New custom homes in Cary offer fantastic combinations of floor plans that match today's lifestyle with terrific energy and water saving options.

Browse through some of our favorite available floor plans here.  Ask us about thousands of additional options, or even design/build ideas.

One Story Homes in Cary

Main Floor Master Suite Homes in Cary

Two Story Homes in Cary 

Check out this virtual tour, and see just one idea of what your new Cary custom home can look like!

The Dugan as built by Stanton Homes


Cary New Homes | Build a Custom Home in Cary NC 

(click photo or here for tour)

Apex New Homes


Request more information about this floor plan.

 

 

Stanton Homes is a custom home builder offering new homes in Cary NC - and we look forward to providing you with an exceptional living experience! 

Tags: cary new homes, cary custom home builders, nc custom home builders

What Kind of Hardwood is Hardest? | Chapel Hill Home Builders Tips

Posted by Penn Hull on Fri, Nov 12, 2010 @ 07:11 AM

What Kind of Hardwood Flooring is the Hardest?

Tips from Chapel Hill Home Builders

Hardwood flooring is one of the most popular upgrades in any new home in the Raleigh area.

But what kind of hardwood is hardest?

One way to find out is by using the Janka (or side) hardness test.  In this test, hardwoods are ranked by measuring the force needed to embed a .444 inch steel ball halfway into the wood.

This is one of the hardwood industry's best measures to determine whether a wood species will withstand denting and wear.  It can also determine how hard it will be to saw and nail a particular species.

The most common natural hardwood flooring is a solid oak, in white or red.  A white oak is usually just a little more expensive, but red oak tends to pick up and reflect red tones in cabinetry and other nearby features. 

What Hardwoods are Hardest | Chapel Hill Home Builders

Heart Pine is another more common natural hardwood flooring option.  It is much stronger than its pine cousins, coming very close to red oak in strength.  Heart pine can give any room beautiful character, and can be stained many different colors.  It is usually just a little more expensive than solid oak.

What Hardwoods are Hardest | Chapel HIll Home BuildersNatural bamboo usually registers at a 1380, or just slightly harder than oak flooring.  Natural bamboo can run several dollars more per square foot.

Brazilian Cherry and other exotic woods register highest on the hardness scale, but can also register highest on the cost scale.

As a general rule, the wider the individual hardwood plank, the less cost effective a particular choice will be.   

Each kind of hardwood is usually available as solid hardwood, engineered, or laminate. 

Determine your hardwood selection by working with a flooring specialist, who will work to provide you the best flooring options within your budget.

Top Chapel Hill Home Builder Questions:

What Ceiling Height Should I Choose?

What are the Top 5 Most Popular Trey Ceiling Styles?

Top 5 Closet Ideas | Walk In Closet Space Designed Just for You

What to Ask Before Buying a Mother in Law Suite Home

How to Get a Bigger Pantry for Less | Custom Home Builder

Formal Dining Room - yes or no?

Woodburning or Gas Fireplace? | Custom Homebuilder Questions

Construction Loans: What Kind of Down Payment is Needed?

Article copyright Stanton Homes 2010.   Provided for informational purposes only, Janka ratings courtesy ExoticWoodFlooring.com   Photos represent a variety of new home closet trends, not all homes constructed by Stanton Homes. 

Tags: hardwoods, new home trends, chapel hill home builders

Custom Builders Wendell NC | Browse Options for New Homes in Wendell

Posted by Penn Hull on Wed, Nov 10, 2010 @ 10:11 AM

New Homes in Wendell NC

Help from Custom Home Builders in Wendell NC

Wendell, NC is just 15 short minutes from downtown Raleigh.  Established in 1903, Wendell has a fascinating mixture of new and old.  Downtown Wendell is on the National Register of Historic Places, but there is also plenty of brand new shopping and conviences.

Considering new homes in Wendell NC?

Wendell custom homes are available in a wide variety of communities, on cozy homesites or wooded acreage.

New Homes in Wendell - Available Communities and Lots

Wendell Custom Homes

Custom homes in Wendell offer great combinations of floor plans that match today's lifestyle with top energy and water saving options.

Browse through some of our favorite available floor plans here.  Ask us about thousands of additional options, or even design/build ideas.

One Story Homes in Wendell

Main Floor Master Suite Homes in Wendell

Two Story Homes in Wendell

Check out this virtual tour, and see just one idea of what your new Wendell custom home can look like!

The Bakersfield as built by Stanton Homes


Custom Builders Wendell NC | New Homes Wendell NC 

(click photo or here for tour)

Apex New Homes


Request more information about this floor plan.

 

 

Stanton Homes is a custom home builder offering new homes in Wendell NC - and we look forward to providing you with an exceptional living experience! 

Tags: custom builders wendell nc, wendell new homes, wendell custom homes

What is an ARM? The Language of Adjustable Rate Mortgages

Posted by Penn Hull on Tue, Nov 09, 2010 @ 06:11 AM

Ask the Financing Expert Series

The Language of Financing: ARM (Adjustable Rate Mortgage) Definitions and Terms

Ask the Financing Expert Brian LaibleBrian Liable, Sr Loan Officer, and Primary Residential Mortgage, answers your home financing questions.

Today's question:

"What is an ARM, and what do all those terms mean?"

The Language of Financing - ARMs

Brian answers:


"When you meet with a lender to apply for financing, you may feel as if you are in a foreign country when the loan officer begins to talk about points, Regulation Z margins, PMI, and ARMs.

You are not alone if you feel left behind by loan terminology. Like many professionals, lenders use a highly specialized language. Don't hesitate to ask for a translation! This is especially true if you are investigating some of the more complicated loans with rates that can be adjusted periodically.

What is an ARM? Financing QuestionsAs you consider the various loan options, find out what the interest rate will be and at what point the lender will commit to that rate.

If the loan has an adjustable rate, be sure that you understand how often the rate will adjust, and by how much your payments may go up.

Find out if the loan can be assumed by a future buyer. The lender isn't trying to confuse you. The mortgage process is complicated, so just keep asking questions until you understand.

ARMs :  Adjustable Rate Mortgages

These loans will not have the same monthly payment for the life of the loan.

Start rate:

This is the starting interest rate of the variable mortgage. It is often referred to as the teaser rate, since it is lower than the fully indexed rate. This is often done to induce people into the loan since the start rate is low.

Adjustment Period :

This is the length of time for which the interest rate is fixed. Therefore if the adjustment period is six months, then the interest rate will remain fixed for six months, after which time it will adjust.

Adjustment Cap:

This is the maximum the interest rate can adjust up or down each adjustment period.

Lifetime Cap:

The maximum interest rate over the life of the loan.

Index:

This is the variable that the rate is calculated from. This is normally a number that is published in business newspapers. Well know indices include :

  1.  
    1. Prime rate: the rate offered to the bank's best customers.
    2. Treasury bill rate: Short term debt instruments used by the U.S. Government to finance their debt. Commonly called T-bills they come in denominations of 3 months, 6 months and 1 year.
    3. Libor: London Interbank Offered Rates. Average London Eurodollar rates.
    4. 6 month CD rate the average rate that you get when you invest in a 6 month CD.
    5. 11th District Cost of Funds: Rate determined by averaging the cost of money to banks that make the San Francisco 11th district of the Federal Reserve.

Margin:

This is a fixed number added to the index to compute the actual rate.

Conversion Options:

Some variable loans come with options to convert them to a fixed loan based on a pre-determined formula, during a given time period. For example the 1-year tbill adjustable may be converted to a fixed during the first five years on the adjustment date. The means that you could convert during the 13th, 25th, 37th, 49th and 61st months of the loan.

Call Brian at 919-256-3133 for more information about ARM (Adjustable Rate Mortgages)." 

Ask the Financing Expert Series

Stanton Homes continues to offer the information you're looking for.  Other popular questions include:

Construction Loans - What Kind of Down Payment is Required?

How Do Construction Loans Work?

Check back for more construction home loan and other financing questions from our new "Ask the Expert" column, featuring Brian Laible, Senior Loan Officer for Primary Residential Mortgage. 

Send us YOUR questions to "Ask Brian", and look to Stanton Homes for the answers you need.

sBrian Laible - Ask Brian!

Sr. Loan Officer, Primary Residential Mortgage

701 Exposition Place, Suite 118, Raleigh, North Carolina 27615

919.256.3133

*Stanton Homes is not a lender, not offering lending advice, and is not affiliated with Primary Residential Mortgage.  For answers to lending questions, contact a trusted lender.

Tags: adjustable rate mortgage, construction loans, ask brian, ask the financing expert series