New Home Communities Evolve as Real Estate Rebounds
To update an old slogan, when it comes to the real estate market you just canât keep a good thing down. Already, in some markets across the country real estate is rebounding, and many would-be homeowners
New Home Communities Evolve as Real Estate Rebounds
(ARA) â To update an old slogan, when it comes to the real estate market you just canât keep a good thing down. Already, in some markets across the country real estate is rebounding, and many would-be homeowners are seeing some real opportunities in the changing new home market.
Consumers will find a handful of developers across the country offering new home communities that put renewed emphasis on conservation, practicality and community. âThe concept of the new home community is coming full-circle,â says Fred Montaño of Falcon Ridge Development, Inc., a company building communities in the southwest. âConsumers are demanding a return to the true characteristics of a âcommunity.â That means more than just proximity to work, school and shopping. They want homes in developments that also offer jogging paths, pocket parks and a comfortable community atmosphere.â
Of note, two major development styles are emerging, which address these needs: ânew urbanismâ has developers building communities with smaller streets, front porches and rear alleyways. This is a familiar style to people who grew up in and around the eastern seaboard. The other modern take on comfortable community building is called the "cove community. "
Both replace the monotony of grid-style neighborhoods, with communities that blend beauty with function. But thatâs where the similarities end. âFalcon Ridge develops âcove communitiesâ that embrace the positives of new urbanism without some of the less desirable aspects, such as smaller streets and the added expense of rear alleyways,â Montaño says. âThese communities give you a better sense of carving out your niche â your own corner of the world.â
Different home buyers are drawn to this type of community for different reasons. For young families, the curved streets and pocket parks offer insulation from busy traffic and proximity to other families. Empty-nesters and seniors enjoy the inherent quiet of the neighborhood design, while indulging in outdoor exercise in the communityâs natural setting.
âThereâs a real emphasis on a âholisticâ approach to developing these communities,â says Montaño. âWe plan the lots for the most efficient and ergonomic use of the available parcel of land. The result is a parcel that makes sense not just for the builderâs need to use every available inch of ground, but for how the homeowners will actually use the land as well.â
New urbanism and cove communities also lend themselves to environmentally friendly building practices. For example, Falcon Ridge builds into the foundation of every community an effluent system that reuses water from homes for landscaping and irrigation needs, rather than simply discarding the water down the drain. And a time-tested building style â modular building â is finding new life in new urban communities.
âModular construction means that each individual piece is assembled in a factory, rather than on site,â says Montaño. âThe advantage to the homeowner is that the individual pieces are constructed to a much higher standard in a controlled environment before being put together at the home site. Whatâs more, because the builder benefits from the economy of scale and quality control by doing the work in a factory, weâre able to offer homes with superior quality and options but at a highly competitive price.â
While new urbanism is probably more prevalent in the eastern part of the US such as New York and Philadelphia, the cove trend is appearing across the country, especially in fast-growing regions like Phoenix and Las Vegas. âThe demand for housing has created a more educated consumer,â says Falcon Ridgeâs Fred Montaño. âThey desire more than just a nice house â they also want better, enjoyable neighborhood development.â
To learn more about Falcon Ridge and the cove-style development, visit www.FalconRidgeDev.com.
Courtesy of ARAcontent
Consumers will find a handful of developers across the country offering new home communities that put renewed emphasis on conservation, practicality and community. âThe concept of the new home community is coming full-circle,â says Fred Montaño of Falcon Ridge Development, Inc., a company building communities in the southwest. âConsumers are demanding a return to the true characteristics of a âcommunity.â That means more than just proximity to work, school and shopping. They want homes in developments that also offer jogging paths, pocket parks and a comfortable community atmosphere.â
Of note, two major development styles are emerging, which address these needs: ânew urbanismâ has developers building communities with smaller streets, front porches and rear alleyways. This is a familiar style to people who grew up in and around the eastern seaboard. The other modern take on comfortable community building is called the "cove community. "
Both replace the monotony of grid-style neighborhoods, with communities that blend beauty with function. But thatâs where the similarities end. âFalcon Ridge develops âcove communitiesâ that embrace the positives of new urbanism without some of the less desirable aspects, such as smaller streets and the added expense of rear alleyways,â Montaño says. âThese communities give you a better sense of carving out your niche â your own corner of the world.â
Different home buyers are drawn to this type of community for different reasons. For young families, the curved streets and pocket parks offer insulation from busy traffic and proximity to other families. Empty-nesters and seniors enjoy the inherent quiet of the neighborhood design, while indulging in outdoor exercise in the communityâs natural setting.
âThereâs a real emphasis on a âholisticâ approach to developing these communities,â says Montaño. âWe plan the lots for the most efficient and ergonomic use of the available parcel of land. The result is a parcel that makes sense not just for the builderâs need to use every available inch of ground, but for how the homeowners will actually use the land as well.â
New urbanism and cove communities also lend themselves to environmentally friendly building practices. For example, Falcon Ridge builds into the foundation of every community an effluent system that reuses water from homes for landscaping and irrigation needs, rather than simply discarding the water down the drain. And a time-tested building style â modular building â is finding new life in new urban communities.
âModular construction means that each individual piece is assembled in a factory, rather than on site,â says Montaño. âThe advantage to the homeowner is that the individual pieces are constructed to a much higher standard in a controlled environment before being put together at the home site. Whatâs more, because the builder benefits from the economy of scale and quality control by doing the work in a factory, weâre able to offer homes with superior quality and options but at a highly competitive price.â
While new urbanism is probably more prevalent in the eastern part of the US such as New York and Philadelphia, the cove trend is appearing across the country, especially in fast-growing regions like Phoenix and Las Vegas. âThe demand for housing has created a more educated consumer,â says Falcon Ridgeâs Fred Montaño. âThey desire more than just a nice house â they also want better, enjoyable neighborhood development.â
To learn more about Falcon Ridge and the cove-style development, visit www.FalconRidgeDev.com.
Courtesy of ARAcontent
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