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716.651.HOME

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716.688.5597

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Grand Opening 6 Holly Ridge Lane in Holly Ridge Estates

“Forbes Capretto Homes Opens New Furnished Model in Holly Ridge Estates”

Forbes Capretto Homes is proud to announce the grand opening of the “Oxford” at 6 Holly Ridge Lane. Located in the upscale community of Holly Ridge Estates, this distinctive home is set in a professionally landscaped yard. The home is ready for a new owner and will be available for viewing every Saturday and Sunday from 1pm-4pm, as well as by appointment. Call Anthony Rijos for more details at 716-243-6994.

The home welcomes you and your guests with a stylish exterior featuring cultured stone and vinyl siding, Featuring just over 4,000 square feet of furnished, professionally decorated living space, the two story “Oxford” includes 4 bedrooms and 3.5 bathrooms.

The opulent grand foyer is flanked by a formal living room on the left and a formal dining room on the right. We’ve added touches of formality and elegance to the dining room with immaculate decorative trim, including crown molding, painted box panels and a chair rail.

Also located on the first floor is a state-of-the art gourmet kitchen highlighting an abundance of granite counter tops, gleaming hardwood floors, a center island and walk-in pantry. The dinette overlooks a sunroom with ample windows which offer stunning views of the backyard and patio and opens to an expansive family room featuring a custom slate-trimmed fireplace and coffered ceiling. Adjacent to the family room is a private den with French doors and hand-crafted built-in bookcases.

The custom-built flared staircase leads up to the second floor, which boasts a luxurious owner’s suite with decorative tray ceiling and a covered balcony. Also included in the owner’s suite is an elegant, private spa bath featuring double pocket doors, a Whirlpool tub, a separate shower, water closet, double sink vanity and his-and-hers wardrobes.

The second floor also features a possible guest room with a private bath and large closet. Each of the family bedrooms are connected by a jack-and-jill bathroom and feature extra large closet space. Rounding out the second floor is the conveniently located laundry room, which includes a linen closet for additional storage.

Holly Ridge Estates is an exclusive, luxury home community located off Braunview Way and close to the Village of Orchard Park. Homeowners enjoy large home sites in a quiet, cul-de-sac setting. They have access to a private nature reserve with walking trail and gazebo. For more information and reservations, please visit or call Anthony Rijos at (716) 243-6994.

For more information about Forbes Capretto custom-built homes in our exclusive Western New York communities or on your own land, please visit www.forbescapretto.com or call 716.651.HOME.

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Mortgage Rate Predictions for August 2014

Mortgage Rate Predictions for August 2014

According to Freddie Mac’s weekly mortgage rate survey of more than one hundred banks, the average 30-year mortgage rates dropped one basis points (0.01%) last week to reach 4.12%; and the average 15-year mortgage rates dropped three basis points (0.03%).

Mortgage interest rates are near a 14-month low. Home buyers have benefitted from low rates all year. Now, refinancing households are benefitting, too.

Click to get today’s live mortgage rates.

30-Year Mortgage Rates Average 4.12%

30-year mortgage rates moved lower again last week. Nationwide, the average conforming 30-year fixed rate mortgage rate fell 0.01 percentage points to 4.12%. The rate is available to “prime” borrowers willing to pay an accompanying 0.6 discount points at closing.

Discount points are a one-time loan cost, where one discount point carries a cost equal to one percent of your first mortgage loan size amount.

For example, 1 discount point on a loan Miami, Florida at the 2014 conforming loan limit of $417,000 would require $4,170 to be paid at closing.

Discount points can be paid as cash or, for a mortgage refinance, they can be added to your loan size.

Discount points are typically tax-deductible.

15-year mortgage rates also dropped last week, shedding 0.03 percentage points to fall to 3.23% nationwide. Locking a 15-year mortgage rate at 3.23% costs 0.7 discount points on average.

Note that Freddie Mac’s weekly mortgage interest rate survey covers conforming loans only. FHA mortgage rates and VA mortgage rates are not included in the report; nor are mortgage rates for USDA loans.

Last week, however, similar to their conventional loan counterpart, mortgage rates for FHA, VA and USDA loans improved. Rates are now near 14-month lows and buyer purchasing power is up close to 8% from the start of the year.

It’s an excellent time to compare today’s mortgage rates. Pricing is as good as it’s been all year.

Click to get today’s live rates now.

Mortgage Rates In August

Last month, mortgage rates were mostly unchanged. When July began, 30-year mortgage rates averaged 4.12%, and they averaged 4.12% when July ended.

On average, mortgage rates moved just 1.6 basis points per week throughout July, which marks the smallest weekly moves in more than five years. Rates were uncommonly stable last month, which made for simple shopping.

In August, the trend may end — today’s market is wound tight like a coil and sits ready to spring.

There are a number of factors which could affect this month’s mortgage rates.

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“New Home Sites Available in Chestnut Ridge Village”

Forbes Capretto Homes is delighted to announce the availability of new home sites in the Orchard Park community at Chestnut Ridge Village.  This community offers deep, spacious home sites while maintaining a neighborly feel. Bordered by woodlands and nearby to the countless conveniences that the Village of Orchard Park has to offer, this neighborhood is both peaceful and functional.

A limited number of select home sites are now available.  Prices start from the $299,900, including land.  Homeowners can choose from a wide range of ranch and two-story home styles, each of which can be fully customized to meet the homeowner’s specific needs and personal style.

To tour this community; coming from Jewett Holmwood, go south on S. Buffalo, continue onto Chestnutridge Road, turn right onto Breezewood Drive.

For more details about Chestnut Ridge Village, please call Katie Gray at (716) 243-6994 or visit our model home at 6 Holly Ridge Lane by taken 20A to Baker Rd, Right on Braunview, Left on Silent Meadow, and Left on Holly Ridge Lane. (Open 1-4pm, Saturday and Sunday).

Forbes Capretto Homes builds custom homes in the most desirable neighborhoods or on your own land.  Visit us online at www.forbescapretto.com for virtual tours, floor plans and community information.

 

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New-Construction Homes Are Built For Practicality

New-Construction Homes Are Built For Practicality says
Debbie Arrington of Hartford Magazine. Buyers of new-construction homes are coming back, but they don’t want the same old McMansion. They want a house they can use. Read more athttp://www.courant.com/hartford-magazine/home-living/hm-nhl-new-construction-homes-are-built-for-practicality-20140617,0,5740029.story

New-Construction Homes Are Built For Practicality

Buyers of new-construction homes are coming back, but they don’t want the same old McMansion. They want a house they can use.

That means a great room where everyone can gather — and a spa-like bathroom to escape from the crowd.

Usefulness also extends to lots of storage space for big-box buys. It means drop-off zones for recharging smartphones and pet-friendly  “puppy showers.” It means a home office designed for work and media centers made for play. It means big closets and little nooks.

These new homes combine practicality with the way we want to live now, builders say.

People want to feel connected to their family as well as to their media. They also want to feel connected to the great outdoors, with windows everywhere and patio rooms that look like their indoor counterparts.

According to experts, home buyers are much more budget-conscious, a natural consequence of the recession.They demand more value per square foot. They’re not interested in rooms, such as a formal dining room, that they will rarely use. Most of all, home buyers want a house that “works”for them.

New homes have the space for everything, but it’s a matter of how to use that space.

In 40 years, new homes have grown substantially nationwide. The average new home in 1973 measured 1,660 square feet. In 2007, the national average hit 2,521.

Although construction came to a virtual standstill during the recession, home size slipped only slightly. The average new house measures 2,480 square feet.

A midsize home is considered from 2,500 to 3,000 square feet. According to census statistics, about 20 percent of new homes fall in that category. Almost 20 percent fit the 3,000- to 4,000-square-foot range. An additional 7 percent top 4,000 square feet.

The most popular new-home size — 1,800 to 2,400 square feet — accounts for 27 percent of new homes, but that also includes townhouses and other attached dwellings, as well as single-family homes.

Great rooms are the No. 1 requested feature among current new-home buyers, real estate experts say.

One kitchen/great room combination had a layout that could double as a small restaurant. The L-shaped area had space for three dining sets — one adjacent to the kitchen, another for more formal gatherings in the living area and another near a media wall that could double as a game table. A 14-foot island separating the kitchen from the great room served as a buffet and breakfast bar. Every eating area afforded views of the media wall, anchored by a 70-inch flat-screen TV.

This great room, meant for entertaining, can hold a crowd. At a recent community event, 75 people gathered in this space.

Besides the great room, the women pointed to other thoughtful touches, such as mudrooms and drop zones, located near the entrance doors and designed to encourage organization.

Other thoughtful highlights: a home office near the front door (convenient for deliveries) and state-of-the-art smart technology to keep the home running as efficiently as possible.

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