Ladies and Gents this is the moment you've waited for...
West Temple Towns is finally going vertical! The first building has had its footings and foundations poured and will begin framing shortly. We'll be selling 3 of the first 4 units soon (109, 110, 111), so please contact us to get on the wait list so you are the first to be notified when they are available! The first units of a development usually provide the best value so don't wait!
We have had a busy couple of months here at Vesta Homes.
Here are a few things we have accomplished on the project so far:
By Tyler McArthur
Owner of Vesta Homes
Lehi, Utah is clearly one of the hottest communities in the state right now and families from all over the country are flocking to snatch up homes there. As someone that lived in Lehi for over a year and a half, I can verify that they hype is definitely well-deserved. It’s a wonderful place to live for a lot of different reasons. What are they?
By Jeff Gomez
Before you look at model homes, meet with sales agents, or even browse online, it is important to know whether you are ready for the financial commitment of building a home. There are three periods during the building process that will ultimately end up costing you a significant chunk of change. The first is your earnest money to lock up the lot, and to show that you are serious about building. The second is the construction deposit. This usually comes after the design process and before construction begins. The final large transactions will be at closing and are called the down payment and closing costs.
By Jeff Gomez, VP of Sales at Vesta Homes
Lots of people here are asking how the 2017 hurricanes in the South will affect builders and home prices in Utah. Our buyers are concerned about it and one of our lenders decided to pass on funding a project for us until he could assess better what the impact from all this is going to be. It certainly adds a degree of uncertainty to the housing market going into 2018, so we’ll try to make some predictions in this blog post.
Once they’ve chosen a builder, many prospective buyers are advised to use a lender for their mortgage that the builder has pre-selected. Often there are certain incentives that go along with using a builder’s preferred lender.
So why do builders have preferred lenders? Some think this is just a chummy relationship that the builder gets a kickback on. The reality is that builders have learned from hard experiences that some lenders really are better to work with than others.
At Vesta Homes we call our preferred lenders “Expert Lenders” and hopefully this helps explain why we prefer them. We don’t receive any benefit from our buyers using our Expert Lenders other than the peace of mind that comes with knowing that our buyers are in good hands and that the closing and home transfer process will be very painless and stress-free.
In our experience, Expert Lenders...
Out with the old, and in with the new! Vesta Homes has begun demolition of old home on a property near 3300 S and West Temple in South Salt Lake. Stay tuned for more information. West Temple Towns - coming early 2018!
Vesta Homes management, included in the broader Salt Lake Home Builders Association group, met with elected city officials Thursday to discuss the growing problems in the Salt Lake home building market. The main area of discussion revolved around land shortages and the difficulties of trying to keep up with demand for new homes, especially high density residential building projects.
How long does it take to build a house with a builder?
When considering building a presold home, many people have the question, “How long does it take to build a house?” or “How long does it take to build with a builder?” These are great questions. We’ll try to be as upfront and honest about it as possible, so buyers considering building with a homebuilder know exactly what to expect.