Dear former IHB'ers and Talk-Irvine people,
I can't believe it. I pulled the trigger. Yesterday Mrs. Cantaloop and I signed the paperwork and funded the bank for the 3% deposit. While I don't think we got a great deal, I do think that it was a fair deal (based on today's market). Base price is $312 / sq ft (adding conservatory and bonus room). And I realize that adding any additional options will be pricey along with landscaping. So maybe it'll come out to be $335 sq/ft when all done?
Granted the lot size is smaller than a typical Woodbury SFR and I'm definitely concerned about the parking situation that many of you have discussed since Montecito is surrounding Carmel. And my biggest pet peeve, no pocket parks! Argh.
So why did we do it?
a) We've been renting for the past 5 years, and have saved enough to put 20% down with some buffer if needed.
b) Lil Cantaloop is turning 1 years old next week. We'd like to try for Lil Cantaloop 2 soon.
c) We are first time home buyers and want that credit before it expires.
d) The Carmel floorplan (although not perfect) met about 90%+ of our design/home requirements.
e) We are near the Jeffrey Open trail so that negates my peeve about pocket parks.
f) If parking becomes any issue, I'm sticking cones in front of my house with police tape.
g) Finally. It just felt right.
I just wanted to share my initial thoughts. And I'm open to posting about my experiences in dealing with The New Home Co. as we go through the entire purchasing process if any of you are interested.
We won't move in for another couple of months so I suppose anything could happen. But for now, we're all-in.
Best,
Cantaloop
I can't believe it. I pulled the trigger. Yesterday Mrs. Cantaloop and I signed the paperwork and funded the bank for the 3% deposit. While I don't think we got a great deal, I do think that it was a fair deal (based on today's market). Base price is $312 / sq ft (adding conservatory and bonus room). And I realize that adding any additional options will be pricey along with landscaping. So maybe it'll come out to be $335 sq/ft when all done?
Granted the lot size is smaller than a typical Woodbury SFR and I'm definitely concerned about the parking situation that many of you have discussed since Montecito is surrounding Carmel. And my biggest pet peeve, no pocket parks! Argh.
So why did we do it?
a) We've been renting for the past 5 years, and have saved enough to put 20% down with some buffer if needed.
b) Lil Cantaloop is turning 1 years old next week. We'd like to try for Lil Cantaloop 2 soon.
c) We are first time home buyers and want that credit before it expires.
d) The Carmel floorplan (although not perfect) met about 90%+ of our design/home requirements.
e) We are near the Jeffrey Open trail so that negates my peeve about pocket parks.
f) If parking becomes any issue, I'm sticking cones in front of my house with police tape.
g) Finally. It just felt right.
I just wanted to share my initial thoughts. And I'm open to posting about my experiences in dealing with The New Home Co. as we go through the entire purchasing process if any of you are interested.
We won't move in for another couple of months so I suppose anything could happen. But for now, we're all-in.
Best,
Cantaloop