Use Your Equity
If you have been thinking about moving to Lake Lanier but the cost has been stopping you, think about this. In the last six to ten years, you house has steadily been gaining equity. This equity can be your stepping stone to the Lake Lanier home you have always wanted. In fact, there are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity.
How Long You’ve Been in Your Home
First up is homeowner tenure. That’s how long homeowners live in a house, on average, before selling or choosing to move. From 1985 to 2009, the average length of time homeowners stayed put was roughly six years. But according to the National Association of Realtors (NAR), that number has been climbing. Now, the average tenure is 10 years.
Here’s why that’s such a big deal. You gain equity as you pay down your home loan and as home prices climb. And when you combine all of your mortgage payments with how much prices have gone up over the span of 10 years, that adds up. So, if you’ve lived in your house for a while now, you may be sitting on a pile of equity. Read more on KeepingCurrentMatters.com.
Introducing Lot 1, the SCARLETT FLOORPLAN—a stunning home situated in the highly sought-after Long Hollow Landing community on Lake Lanier. This magnificent residence boasts a PRIMARY BEDROOM ON THE MAIN floor plan, featuring 9-foot ceilings on both the first and second floors, and a generously sized unfinished basement. Anticipated for completion in November 2024, this new construction home offers modern elegance and thoughtful design.
The SCARLETT FLOORPLAN welcomes you with an open kitchen that overlooks a family room with a vaulted ceiling and a cozy gas fireplace, creating a perfect space for gatherings and relaxation. The first floor also includes a private office, providing a serene workspace. The primary bedroom is a true retreat, featuring a vaulted ceiling and a laundry room conveniently accessible from the master closet.
Additional highlights of this residence include a spacious 2-car garage, a walk-in pantry, wood tread stairs, and soft-close cabinets and drawers. Each bedroom has direct bathroom access, ensuring comfort and privacy for all residents.
Welcome to a life of luxury and comfort in this exquisite abode at Long Hollow Landing.
Building your new home offers many benefits and in addition, you may have tremendous equity to make the upgrade to a home of your dreams. Currently David Patterson Homes is offering a builder incentive of up to $10,000 in Design Options* Plus $5,000 in Closing Costs* when you use their preferred lender; D.C. Aiken of BankSouth Mortgage as your lender. Ask your Sales Consultant how to get this incentive on select homes in Long Hollow Landing. Call 678-578-6833 today to get started. *
Located in Long Hollow Landing, a stunning collection of European Farmhouse style homes offers a blend of rustic charm and modern sophistication. Ranging from 2,606 to 3,659 square feet and priced from $700,000 to over a million, these meticulously crafted homes feature gourmet kitchens and elegant living spaces. The neighborhood promises a peaceful retreat with a sense of belonging, transforming everyday living into an extraordinary experience. Prospective buyers can explore versatile floor plans that showcase the unique allure of this exceptional community.
Excellent Schools
The schools include Chestetee Elementary, Little Mill Middle School and the new state of the art East Forsyth High School. According to GreatSchools.com both Chestetee and Little Mill Middle Schools are rated 8 out of 10 for test scores.
Homes Priced From the $700’s
GPS Address: 7970 Beryl Overlook, Gainesville, GA 30506
For more information call 678-578-6833
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