[quote=SDEngineer]Just another note on these, since there are apparently a few people looking at them (we’ve been one of them)
The plan 6 in the Riverwalk townhomes has been expanded in the new phases being built now (something the builder probably won’t mention until the last of their early phase plan 6’s sell – it’s not mentioned in the model, nor on any of the brochures, unlike the plan 5 revamp which has large signs in the model pointing out what will be different in the new construction, and which has had the new floorplan pasted over the old one in their brochures).
They expanded the 3rd floor by roughly 180ft^2, most of which went into a larger master BR suite (full master bath now, with the seperate shower/oval tub, and the MBR went from somewhere around 12×14 (smallish MBR) to what I eyeballed at about 14×16 (reasonable MBR)). Total square footage in these units is now up to 2226 (may be less if the plan 6 has one of the expanded garage options).
Same prices roughly – they have 2 new plan 6’s ready for closing in june/july timeframe, asking 395K or so with most of the upgrades except flooring pre-planned and included (including fridge, washer and dryer as well), and also including 6% in closing costs/buydown credits/flooring options.
With the new plan, we’ve decided to bite the bullet and are going to go to contract on one of the available plan 6’s – the revamp of the 3rd floor made it a near ideal floor plan for us.
We’ll still lose some money in depreciation in the immediate future, but we think the plan and location is good long term, and we – like many others here – are just plain tired of renting :)[/quote]
Just like you we like the expanded floor plan in model 6. Last time we went there about 6 weeks ago they still had some old model 6 available opposite the model homes. Unfortunately, their location is not great. Have you been able to negotiate some additional incentives or are they pretty firm?
We feel that these are quite attractive townhomes and that the value long-term, i.e. after 5-10 years should be significantly higher. Short-term they may go down another 10-15%.
