Our biggest event of the year is October 7—Prairie Harvest Fest!
In the ever-evolving landscape of real estate, the decision to purchase a home is a significant one. Timing plays a pivotal role in ensuring a sound investment that brings value as it appreciates over time. Historically, home ownership has always been a hedge against inflation, and offers the stability of a set monthly housing payment. Your monthly housing payment is making an investment in your own asset. Something you don’t get by renting.
Inflation impacts the cost of rents as well as interest rates on mortgages. The advantages of investing in a new home, such as stability, tax benefits, and – everyone’s favorite, building wealth over time – are hard to deny when choosing whether to rent or buy a new home.
New construction homes, often built with modern amenities and energy-efficient features, are expected to offer lasting value. These modern features save you money, lower your utility bills, and feature the best in interior home design. Resale home inventory remains low, but new home inventory is available and ready for new buyers to move in.
Another key factor in considering buying a new home construction home is that most new home communities are located in amazing up and coming areas. Painted Prairie is located in one of the fastest growing markets in the Denver Metro Area. The aerotropolis area is slated to bring thousands of new jobs, new ways to travel, and new opportunities to live, work, and play not seen in other areas of the country. You don’t want to miss out on buying when the community is growing. Median appreciation in the Denver Metro area is at 6%. Now is the time to gain optimal appreciation to help you reach your financial goals.
New materials and construction techniques contribute to a reduced likelihood of repairs and replacements. When buying new construction, builders typically offer warranties on various components of the home, providing you with peace of mind and potential cost savings in the long run.
New construction homes are designed with advanced insulation, HVAC systems, and energy-efficient appliances, resulting in lower utility bills and a reduced carbon footprint. Additionally, these homes often come equipped with smart home technology, allowing you to control various aspects of your home remotely. These features not only enhance your quality of life but also contribute to long-term cost savings.
The current lending landscape, and builder incentives are other factors that make now an optimal time for investing in a new construction home. Many homebuilders are buying down rates, and offering closing incentives to help people get into a new home.
While interest rates may seem relatively high compared to the historic lows of 2020 and 2021, the rates are a lot less than the 10-12% interest rates of 30 to 40 years ago. In fact, today’s rates are still relatively low from a historical standpoint. Our home builders work with preferred lenders who can help you secure a mortgage at a favorable interest rate now, and help set a strategy to help you refinance in the future.
Many realtors and real estate experts stress the importance of buying now versus waiting for “interest rates to go down.” Why? Because chances are interest rates are likely to go up again over the next few quarters in an effort to stave off inflation. Once things settle, rates will eventually come down and you will be ready to refinance, and have the one thing that every homeowner wants – equity.
Home prices also continue to go up, even though prices have recently improved in the Denver Metro area. The moral of the story is that you can’t time the market. It just doesn’t pay to wait. Get in and gain equity to help you reach your future goals – pay off debt, save, buy a bigger home (when the time is right) – all to help you secure your financial future.
Want to see how far your money could go if you bought now versus three years from now? Check out this analysis by Nicole Rueth, SVP of The Rueth Team with Movement Mortgage. For example: If you were to wait three years to buy a $600,000 home in Adams County (the county where Painted Prairie is located) it would cost you $106,780. This includes annual loss in cash flow, loss of property appreciation, and amortization lost in just 3 years vs. buying now.
Now more than ever, it is a great time to consider buying a home today, versus waiting.
If you are interested in learning more about Painted Prairie’s builder incentives, visit our Inventory page to connect with one of our seven world-class builders. Click on a house for more information, and you will be redirected right to the builder to schedule a tour, get more information on the home, or sign up for an interest list.
Happy house hunting!
We have exciting news! Three homebuilder model homes will join Berkeley Homes’ models on North Lisbon Street in September. Located across the street from the future Town Center, these model homes feature indoor/outdoor living, amazing floor plans, and plenty of room to gather with family and friends. You’ll definitely want to check out what’s happening on N. Lisbon Street on the weekend of September 23-24, 2023!
The New Home Co. will debut its Plan 2 model at 6196 N. Lisbon St., Aurora, CO 80019. Starting at $515,990, the two-story Plan 2 features 1,643 sq. ft. filled with 3 bedrooms, 2.5 baths, and a 2-car alley load garage. All six of New Home Co. Woodrose plans range from 1,288 sq. ft. to 2,190 sq. ft. have designed great home plans for working professionals, empty nesters, and families too.
Remington Homes will move its sales center to its newest model, The Chickadee at 6048 N. Lisbon St. Starting at $613,000 the two-story Chickadee features 2,565 sq. ft., 3 bedrooms, 2.5 baths, a 2-car alley-load garage, and a home office. Front yard landscaping is included, with the option to include a finished basement during buildout.
Meritage Homes is also moving its sales center and Woodland and Orchard models right around the corner to 6362 and 6364 N. Lisbon St. These two-story townhomes range from 1,487 to 1,874 sq. ft., with alley-load garages and are steps away from the future Town Center.
Watch our social posts, or sign up for our newsletter (check the bottom of this page to sign up) to stay in the know about all things Painted Prairie. You don't want to miss our next model home Grand Opening celebration happening September 23 and 24, 2023 on N. Lisbon Street at Painted Prairie. Want to see even more model homes? Check out our Explore Homebuilders page to find the perfect builder for you and your family.
We are excited to announce the grand opening of Honeysuckle Park! Located at the intersection of Lisbon and 63rd Ave, the park offers a wide variety of activities for all ages to enjoy. Come explore the park's covered pavilion and outdoor fire pit, play area for the kids, and permanent ping pong tables for a friendly game among neighbors. No matter what you're looking for, Honeysuckle Park is the perfect place to have some outdoor fun in any season.
We've got some fabulous news to share...New Home Co. is launching its their stunning Woodrose collection at Painted Prairie coming this fall!
The Woodrose Collection by New Home Co. epitomizes sophistication and contemporary living, and you can soon experience it firsthand right here in Painted Prairie. The collection showcases two-story, single-family homes with six different floor plan styles ideally designed for working professionals, empty nesters and everyone in between. Priced from the $500,000s and ranging from 1,288 to 2,192 sq. ft., with 2-4 bedrooms and 2.5 baths, this collection offers something for everyone.
Whether you're a first-time buyer, a growing family, or someone looking to downsize in style, there's a perfect fit waiting for you. With New Home Co.'s commitment to quality craftsmanship and thoughtful design, you'll find homes that showcase the perfect harmony between aesthetics and functionality.
The grand arrival of New Home Co.'s Woodrose collection is slated for September 2023. Mark your calendars, set your reminders, and be prepared to embark on an unforgettable home-buying journey. Your dream home awaits, and we can't wait for you to experience it.
Don’t miss any updates. Make sure to download the Painted Prairie app on the App Store or Google Play to stay up-to-date with the latest news and developments on New Home Co.'s arrival. Plus, sign up for our brand-new newsletter to receive exclusive insights, pre-launch sneak peeks, and special offers!
Besides being previously named Community of the Year in North America and in the Denver Metro area, there are a few terrific reasons to begin your day on Saturday, August 19th at Aurora’s conveniently located Painted Prairie community.
Painted Prairie will have an impressive collection of over 30 open houses and models from nine world-class builders (with more on the way!) open for you to explore.
Whether you're in search of modern designs, traditional aesthetics, or something in between, we have it all. Painted Prairie's range of diverse architectural styles—from spacious family homes to cozy townhouses—caters to every lifestyle and need.
Tour starts at 10 a.m. and runs through 6 p.m. on Saturday, August 19th. Click here for an interactive map to plan your tour.
You don’t want to miss Painted Prairie’s Food Truck Frenzy, featuring some of Denver and Aurora’s favorite mobile dining establishments.
Trucks will be dishing up deliciousness from approximately 11a.m. to 1:30 p.m.
Starting at 8:30AM in High Prairie Park (E 59th Pl and N Orleans St, Aurora), grab a coffee from White Rabbit Coffee before you browse a wide array of vendors with fresh produce, local delicacies, artisanal crafts, home goods, jewelry and more. With all passionate, local vendors featuring homemade and homegrown goods, you’ll be sure to discover unique products that showcase the best of the region.
Get directions to High Prairie Park. The market will be open from 8:30 a.m. to 1:30 p.m.
It’s our last Farmers Market before our big fall fan favorite, Prairie Harvest Fest on October 7.
As an added bonus, this is your last chance to test drive a Tesla at Painted Prairie. (Walk-up appointments are available).
With over 30 open houses and models to tour, an amazing Farmers Market, and our Food Truck Frenzy, Painted Prairie is the place to be on Saturday, August 19th.
Visit lifeatpaintedprairie.com to learn more about what makes the Painted Prairie community unique or explore all upcoming event details here. You can also follow Painted Prairie on Instagram, Facebook, and YouTube.
Congratulations to Painted Prairie resident, LaVaughn Reed for her winning submission to name the coyote guardian of the Arroyo.
LaVaughn was recognized at the June 1st Thirsty Thursday event with a special certificate and appreciation from Painted Prairie and her fellow neighbors. Be sure to stop by and snag a pic with our canine friend and tag us on Instagram and Facebook!
It's that time of year again - Painted Prairie’s Farmers Markets are back for another summer of local produce, artisans, and makers from around the community.
Our first Farmers Market of the season was held June 17 at High Prairie Park. With a great selection of vendors, coupled with free bike tuneups by Velofix and the Aurora Public Library Bookmobile – the market was a great way to kick off summer. Colorado is home to a thriving farmers' market scene, and the Painted Prairie Farmers Market is no exception.
This is just the beginning of what promises to be one of the best neighborhood events in Colorado. Be sure to mark your calendars for July 15th and August 19th and join us for a fun-filled summer of fresh produce, local artisans, and community. Watch our Events page for details.
Homeowners and residents are added to our app system at the beginning of each month, so if you close on a new home in Painted Prairie on the 5th of the month, it won’t be until early the following month that you will have access to the app. Focus on getting settled in, meeting your neighbors, and then dive in to all of the resident information!
Between now and then, if you’d like to access information available to the general public, here’s how:
Still need help? Send us an email at [email protected] and we will help get you up and running in no time!