Purchase Agreement and Lot Selection

SOLD!!!

Our community, Spring Meadows, offers 10 different homes to build, with lots ranging from 70' to 90' in width.  Naturally, some lots are offered at a premium because of location or size, some allow for walk-out basements, some do not, and some include certain "elevations" at no additional cost.

We elected a 70' corner lot that actually came with a discount of $5000 from our purchase price and a free upgrade to a "cottage" elevation for an exterior that will look close to the picture below.  I think we got pretty lucky with this lot.  It has no rear neighbors and has a beautiful wooded/green area behind it with a pond.  In fact, because it's on the corner, we'll only have a neighbor on one side, which we liked a lot.  Not to mention the $5000 discount.  The lot is indeed smaller than the 90' lots, but we felt that we would rather invest more money into the house itself, rather than buying more land.  Which brings us to what we picked out of the out houses available to build on our lot...

And the winner is... THE MILAN!

On the lot we chose, we essentially had our choice of 8 out of the 10 homes available.  We chose the Venice at first, because the price was fair for the amount of square footage.  BUT THEN.... we saw the Milan!  I immediately liked it.  It was like the Venice model, but bigger and with both a formal dining and living room, which I wanted.  It features a center hall colonial design and features many appealing amenities.  The downside is that the Milan only comes with 3 bedrooms (all upstairs) and a loft.  You can convert the loft the a fourth bedroom, however.  More on that later.  We currently rent a five-bedroom house and basically only regularly use 3 of the 5 bedrooms, so we we're okay with 3 bedrooms.

The Milan base price came at $239,990, which was $10,000 more than the Venice model.  Well worth it, though, in my opinion, for what amounts to be a 300-400 sq. ft. increase in space.  Plus, we thought the layout was better, with more options to do what we wanted to do with the house.

We signed our purchase agreement and it became OFFICIAL.  We're now home builders!  YAY!  We're excited to watch this home come to life!  Our next step is to choose our initial upgrade selections.  More to come on that in the next post...

Here's the Milan base floor plan: