Questions?Get Fast Answersarrow

Blog

New Community – Crawford Creek

Categories: Uncategorized | Posted: May 3, 2012

Crawford Creek Trail Head Park

Crawford Creek Front Entrance

Crawford Creek Artist Rendering of Pool

New home buyers interested in an amenity filled new home community close to the heart of Evans will fall in love with new solar ready Ivey homes in Crawford Creek.

New homes in The Manor at Crawford Creek  are priced from the $190s to mid $200’s and range from 2,300 square feet over 3,600 square feet.  Homeowners in Crawford Creek can build from the ground up in approximately 3 months, or choose an inventory home ready for quick move-in.  New home owners in Crawford Creek enjoy a beautiful entrance, walking trails, a playground and a resort style pool is under construction now.  This community has something for everyone.

Crawford Creek has one of the best locations of any Ivey Residential new home Community.  The Community offers quick, convenient access to I-20, Riverwatch Parkway and the heart of Evans. Its central location guarantees an easy commute to downtown Augusta, Fort Gordon, the Augusta medical district, restaurants and shops.

Ivey Residential is proud to announce that The Manor at Crawford Creek will be the area’s first Solar Ready Community.  The homes are set up to accommodate the addition of solar panels.  Stay tuned on more information about solar and what it can mean for your new home.

Pricing versus Purchasing Power

Categories: Uncategorized | Posted: February 2, 2012

In case you’ve missed it, interest rates are really low right now and pricing is at levels that haven’t been seen in quite some time.  I’ve prepared a simple analysis that shows you what this means for your purchasing power.

Assumptions:

1)  Pricing has bottomed and price increases will return to our historical average of inflation.  Let’s assume inflation stays around 3.0% for the next two years.

2)  Interest rates return to 5.0% over a two year period.  This is where rates were pre-recession.  See chart below.

If these two scenarios happen, you’ll need to earn 23% more in two years to buy the exact same house that you could buy today (See table).

The question is, will your income go up by 23% in two years?

Now Next Year The Year After
Price Grown at Inflation $150,000 $154,500 $159,135
Years of Mortgage 30 30 30
Interest Rate 3.75% 4.25% 5.00%
Pricple & Interest Payment $694.67 $760.05 $854.27
9% 23%

 

Page 162 of 168« First...102030...160161162163164...Last »