Are Custom Builders Back? Has the High-End Spec Home Returned? Part Three
In 2014, the recession finally seemed to be behind us, and the real estate trajectory for new home demand and sales was heading north. The semi-custom builders had proven sales up to the $650,000 price point. The custom home builders were still leery of the demand for new luxury homes and knew the inventory of […]
Are Custom Builders Back? Has the High-End Spec Home Returned? Part Two
During Tucson’s residential real estate recession, which lasted roughly from 2007 until 2012-2013, virtually no high-end, custom, and speculative building took place in Tucson. Very gradually, some semi-custom home building companies began to re-enter the market with new home products, generally under the $500,000 price point. In addition to their on-going new subdivision developments, local […]
Are Custom Builders Back? Has the High-End Spec Home Returned? Part One
The banner across the top of today’s Arizona Daily Star proclaims,”Home Sells for $3M – Foothills deal is Tucson’s biggest in 3 years.” The accompanying article points to this sale as a sign of a”resurgence of the luxury home market in the Foothills.” The manager of the office that sold this house is quoted as […]
2017: The Year to Buy and Build in Tucson
There is just something about Tucson that makes it hard for people to stay away. For decades, visitors have turned their love of visiting the Old Pueblo into building new homes here, settling down and helping to make Tucson the booming and thriving mini-metropolis that it is today. In their annual forecast of the hottest […]
Big Enough or Too Big? Determining How Much Space You Need for Your Custom Home
You’ve spent months researching, visiting, and preparing, and you finally found the beautiful land that you’ve been looking for. You nabbed a great builder, loaded your Pinterest boards to the gills with design inspiration, and have begun tackling the task of securing a lender to build the home of your dreams on your very own […]
Tucson Custom Land and Lots: A Turnaround Begins
This time of year I always find myself thinking about the state of Tucson’s vacant land market; where it has come and where it seems to be headed. I realized that for the first time in the last few years, I’m feeling happily optimistic going into 2017. 2016 didn’t start that way as land sales […]
Exploring Downtown Tucson’s Boundless Revitalization
To some, Tucson may seem like a quaint city with a bit of charm, but to those in the know, Tucson is quite the exciting city. Multi-million dollar constructions, award-winning restaurants and chefs, first-rate art galleries, a world-class university, and countless cultural institutions have all lent their hand to putting Tucson on the map. As […]
Should You Buy or Should You Build? Pros and Cons
When most people consider making a move to a new home, they envision the home of their dreams, then hit the Internet and begin searching for houses on the market that is close to that vision. Still, there are others who are not willing to find the already-built home which comes close to the house […]
Ready to Build your Custom Home? It’s time for a Construction Loan
You’ve decided to build your dream home and now it’s time to pursue a construction loan. Whether you own you lot or need to purchase a lot, Prime Lending can help. If you already own your lot, we can use lot equity and apply it to the down payment requirement on your construction loan. […]
How to Stay Organized During Your Home Build
You’ve been working incredibly hard to find that perfect plot of land to build your dream house. After months of research, applications, builders’ contracts, and approvals, you are finally ready to see your new house take shape. Most builds take much longer than anticipated, and the average single family home build can be anywhere from […]