Living in an Active Adult Community could qualify you for Insurance discounts

Talking with a Farmers Insurance Agent, I discovered there are discounts for most of the Active Adult Communities in the Greater Phoenix Valley. Call your agent, or Barb for more information on getting your discounts.

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Why should I consider a Reverse Mortgage?

A reverse mortgage, also called a Home Equity Conversion Mortgage (HECM), uses the equity you already have in your home to re-finance and eliminate your mortgage payment; for as long as you (and your spouse) live in your home.  It also lets you purchase a home by letting you access some of the homes value to never have a mortgage payment again.  This loan requires one person to be a min of 62 years of age.  It can create financial comfort and ease by eliminating the worry of home mortgage payments.

What is a Home Equity Conversion Mortgage? Is it right for me?

The Home Equity Conversion Mortgage (HECM) program offers people who are a min of 62 years of age (actually only one of you needs to be 62) the opportunity to purchase your home with as little as 40% cash down payment and never make a mortgage payment again.

This can make getting your dream retirement home a reality.  You won’t need to put all your cash into the purchase of your home.  Leaving you with more for living.

I sit down with Jacqui Hamilton a specialist in HECM loans to discuss what they are and the benefits.

 

Jacqui Hamilton
Concord Mortgage
Jacqui.Hamilton@concordmg.com
623-900-1935

What do Harvey and Irma mean for your new home construction?

As Irma heads to Florida, Houston is in the early stages of picking up the wet pieces and trying to look forward to sunshine filled and dry days.  

One area that is affected nationwide after a disaster like major Hurricanes is building supplies.

Building time frames will get longer in Arizona, and other states not affected by Harvey and Irma.   

Suppliers prioritize their materials to those locations hit hardest. (and it is mandated by the government that they do)  Builders in other areas and states have delays in their construction due to lack of materials.  This also means that the builders don’t require as many employees to just hang around and wait to swing their hammer.  The combination of lack of materials and fewer on hand workers result in delayed construction build times.  

If you are already contracted with a builder for your new home, plan on your closing date being pushed out.  If you are about to have a builder start your home, and they previously informed you of a 5-7 month build time.  That just got extended to 7-9 months.  

The builder purchase contract has a clause to allow them up to 2 years to get your home built.  Now they don’t want to take that long, but they have the right to.  That clause exists for times like these.

Many of the construction workers will leave states where they have resided and move temporarily to the areas that have been ravaged by nature.  Creating another challenge of not enough construction workers available when the supplies are once again readily available.  

Our prayers and donations are directed to helping so many recover from unimaginable loss.

Trilogy at Verde River

Tegava 1Trilogy at Verde River, originaly the Vista Verde development was to be the third of the “Verdes”. It was sold in 2014, in its’ infant stage, as growth had stalled during the real estate downturn. The golf course was renamed The Tegavah Course, inspired by the Yavapai word for “Gathering Place”.   Shea builders are the buyers and Trilogy is their main Active Adult Community product. Trilogy at Verde River started selling in late 2015, the main clubhouse will break ground in 2016.  The facilities and homes, according to real estate rumors, are going to exceed anything Shea has previously built. The setting alone will contribute to deserving that accolade.  As the newest active adult community in the north-east valley in decades, it will be highly publicized.  On a recent drive-by we saw lots of activity.   If you would like to be kept current on this community, let us know.

 

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This community is now building homes.
Please ask us to show you this community on your next visit!

Tegavah Golf

Victory at Verrado

New New New in the South West Valley!  Victory has opened.

Located west of Luke Air Force Base, south of the White Tank Mountains and north of I-10 in Buckeye, Victory is the newest Active Adult Community in the southwest Valley of The Sun.

It is located in the all age master planned community of Verrado.  The concept of locating a 55+ Active Adult Community within a multi-generational one is not new, but is gaining rapidly in popularity.  Victory offers the home designs of four different builders.

Each of the builders is well established in Arizona and each emphasizes a different lifestyle.

Standard Pacific designs a home with the kitchen and the activity it creates encouraged  to flow to the outdoors and utilizes the great room concept to facilitate this.

T.W.Lewis features what they call Open Concept Living.  This utilizes the courtyards and patios as part of the living space.  They are known for their attention to detail and luxurious lifestyles. 

Lennar is featuring their Next Gen living style.  They have created a perfect two family integrated but separate home!  This is so much in demand with today’s  return to a multiple family lifestyle with two  generations back under one roof.

Maracay has created the Freedom Line, with split masters, wider hallways and doorways and more conveniently placed appliances to meet the needs of a handicapped family member.

With the four builders, Victory truly offers something for every over 55 person looking to continue living their active lifestyle in a resort setting.

 

SaddleBrooke One and Two

dreamstime_l_15579174.jpgSaddleBrooke is one community with two HOAs. The two were separated in 1994 and have slightly different rules and governance.

SaddleBrooke One has an HOA which has been turned over to the residents to operate. The three golf courses, Tucson, SaddleBrooke and Catalina are totally private with play limited to residents of SaddleBrooke One, Two, the Ranch and their guests.  SaddleBrooke Two is expected to be turned over to the residents in 2015 or 2016 when totally built out by Robson.     Saddlebrooke One has 2059 homes while SaddleBrooke Two presently has 2700 homes with 3,200 expected at completion.

SaddleBrooke One and Two currently share all of their amenities.    The security is maintained by the communities in the form of traffic patrols for autos and golf carts on the private roads connecting the areas. The Security Patrol also provides home checks for absentee residents.

With the incomparable Tucson weather, the magnificent mountain views and the desert color it is easy to sit and just enjoy your resort retirement, but there is so very much to do that you may have to ration your time to be sure of some time to sit and enjoy!

Each of the clubhouses host so many clubs and activities that when you are not playing golf, or using one of the 21 tennis courts, the many Pickleball courts or the 8 indoor and outdoor swimming pools you will want to do something different every day of the month. Each of the fitness centers have full activity calendars.  Enjoy dining and a sunset or a quick lunch between activities, you have 3 restaurants and 3 grills to pick from.  This is resort style retirement at its’ ultimate.

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CantaMia

retired couple riding bikesCantaMia is another great example of locating an Active Adult Community within or adjacent to a multigenerational community.   It offers the opportunity for the 55+ family members to enjoy their extensive exclusive Active Adult facilities as well as share the additional recreational activities with their families who live in the Estrella ranch community.   This I think is the best of both worlds.   It is also interesting to see that as families in Estrella grow and reach the empty nest stage, they are purchasing in the adjacent CantaMia!

 

CantaMia was designed by Engle Homes, but no construction was started. It was saved from bankruptcy by Joseph Carl Builders, who then joined with Avatar homes (AVHI on the NASDAQ) under the name of Vitalia by AV Homes.   The total number of homes when built out will reach 1700, a fairly small community by some standards.   The recreational activities however are equal to those of the much larger communities.  The 29,000 sq ft Village Center has indoor and outdoor pools, a beautifully equipped demonstration kitchen, an excellent variety of exercise and activity centers as well as a mini café and wine bar.  The workout room boasts a cushy bamboo floor and the computer room and fitness center have instructors from Estrella Community College.  The common areas use reclaimed water for irrigation in keeping with their entire energy saving theme.  There are 14 model homes to guide your home choice, with emphasis being on their Green building techniques.  Check the current prices on our website.  The builder is a member of the Environments For Living, and is a Green Certified Builder.  The homes have been tested for efficient use of utilities and are awarded very high scores. All homes include solar as an energy source.    In keeping with the Green living, the exercise, cooking and activity programs are designed to encourage healthy life choices.  CantaMia’s Sierra Estrella Mountain views and many lakes provide a tranquil and relaxing setting in which to enjoy your healthy retirement.

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Anthem at Merrill Ranch

Senior Woman Holding Dog On SofaAnthem at Merrill Ranch in Florence  has two separate communities, Anthem Sun City and Anthem Merrill Ranch Parkside.

Parkside offers 30 new home plans with base prices starting at $130,000 . Anthem Merrill Ranch is expected to become a fully self sustaining community with commercial growth surrounding and supporting it like it’s sister community in North Phoenix.  The amenities in true Anthem fashion will be outstanding.  Some of the amenities offered are; 18-hole Poston Butte Golf Club, Soccer fields, Anthem Community Center, Skate park, Big Splash Water Park, Softball and baseball fields, Anthem Aquatic Center, Walking paths and trails, Anthem Tennis Center, Catch-and-release lake, Sand volleyball courts as well as Basketball/multi-purpose courts.

 

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Anthem Merrill Ranch

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Johnson Ranch

senior man playing softballJohnson Ranch  This large master planned community in Queen Creek, now called San Tan Valley, has 3 community pools and spas, 18-hole championship golf course, volleyball, basketball and tennis courts, catch and release fishing pond and  elementary school

 

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Johnson Ranch Homes

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