Think a new home is out of reach? Money is certainly on everyone’s mind these days, but first time homebuyers have a great opportunity – help is available if you know where to look. Many realty companies and builders are offering deals and incentives to entice you and give you a shot at becoming a homeowner. For example, specials abound at Shugart Enterprises’ Faircrest community, which is currently selling homes from its second phase.
Marina Scholten, marketing coordinator for Shugart, said she believes that Faircrest offers buyers a lot of home for the money, including outstanding standard features. “For the price, you get a quality home with a lot of options,” she explained. “Buyers are surprised when they visit the model and see our standard options.”
Currently, Shugart is offering buyers interested in a new home in Faircrest three incentives. “The economy is in a slowdown phase right now, so we started to offer different incentives in December,” said Scholten.
The first is a limited time offer that gives homebuyers half off any upgrades up to $20,000 on any inventory homes. This means that a buyer can add $20,000 in additional options, such as appliances, sunrooms or fireplaces, and only pay $10,000.
Another incentive is a Sweat Equity Program. Shugart Enterprises lets buyers earn credit toward their down payment on a new home by helping with interior painting and landscaping on the home. Shugart supervises the painting and landscaping work buyers do.
Scholten explained, “We provide to the buyer all the paints, brushes, ladders – anything they need to paint the inside of their new house. Then we give a credit to them, instead of paying a vendor to go paint the house, and we apply that credit to their down payment.” She added, “This was a popular program in the ’90s and we are reintroducing it. The Sweat Equity Program helps a lot of people who don’t have a down payment.”
Finally, Shugart will pay closing costs for any homebuyer if they use Shugart Enterprises’ preferred lender and attorney. “We have our own mortgage company, Trademark Mortgage, who is with Wells Fargo,” said Scholten. “They are located right in our design gallery building. Buyers come here to choose options and upgrades, then right after they can go visit our mortgage company.”
Faircrest offers single-family homes starting in the low $120,000s. The floor plans include both one- and two-story designs, with one- or two-car attached garages. They range in size from 1,186 square feet to 2,018 square feet.
In addition to the incentives the community is offering, Scholten said Faircrest stands out for its location. “It is in the area there between the triad and the Triangle, but it is still Guilford County,” she said. “It isn’t far from Burlington, and offers easy access to I-85 and I-40. Plus there are a lot of businesses and churches on Alamance Church Road, so it is very convenient.”
In phase II of Faircrest there are 14 plans to choose from, with 96 lots in all. Several of the plans are new and offer more square footage than similar plans from the first phase of the community. “We began offering these new plans last month and we are focused on the best selling plans from phase I for phase II of Faircrest,” said Scholten.
Standard options on all the homes include GE appliances, smooth ceilings throughout and a 10-year quality builder’s warranty. Other standard features include a concrete patio, chair rail in the kitchen, breakfast and dinning rooms, and a finished garage complete with paint, trim and a course of brick.
Depending on the stage of the home’s construction, homebuyers can choose from the following upgrades: Cathedral ceilings, brick or stone front accents, a fireplace, a garage access door, a sunroom, a bonus room or a screened porch. Also, buyers have the option of working with a professional designer to upgrade all the options of their new home. Shugart Enterprises’ Design Gallery has over 5,000 options for buyers to select from under one roof. Anything from cabinets to countertops, flooring to lighting, and more can be upgraded if buyers choose.
For more than 40 years, Shugart Enterprises has been building quality homes in the triad. Currently the company is building over 30 communities in six different counties. Based in Winston-Salem, Shugart Enterprises is family owned and operated.
Faircrest has a model open Monday from 1 to 5 p.m., Tuesday through Saturday from 10 a.m. to 5 p.m., and Sunday from 2 to 5 p.m. For more information, contact the onsite representative, Danijela Cortan, at (336) 273-2176 or (336) 339-3949. Or you can visit www.buyshugart.com.
To visit Faircrest, from I-40 Business East, take exit 38 (US 421 South). At the end of the ramp, turn right on to US 421 South. Next take a left on Alamance Church Road. You will go approximately 1.5 miles. Faircrest is on the left.
Murphy, Zoe (February, 2009). Shugart Incentives Abound. Rhino Times. Retrieved from www.greensboro.rhinotimes.com