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What Your Clients’ Money Buys in Chicago New Construction Housing

by Chicago Agent

Those looking for a new home in the Chicago area have a great selection at terrific values from which to choose. Whether buyers want a starter home priced in the $100,000s, a move-up home between $200,000 and $400,000, or a $500,000-plus estate-style home in a gated community, there is a new-construction residence that will fit their budget.

From the $100,000s in Will County
Less than 40 miles south of downtown Chicago is one of the most popular places to live in the area – Joliet. The city has seen a big population boom in the past several years due, in part, to its attractive housing values. Here, buyers can find an assortment of single-family homes for less than $200,000, including three different plans at J. Lawrence Homes’ Silver Leaf community, located off of Houbolt Road, south of Route 52.

At Silver Leaf, buyers can choose from the three-bedroom, 2½-bath Cottonwood, starting at $169,000; the three-bedroom, 2½-bath Bayberry, priced from $179,000; or the four-bedroom, 2½-bath Dashwood, which starts at $199,000. All three homes feature two-story layouts and include a two-car garage, eat-in kitchen, master suite with a private bath and a walk-in closet, and a basement. The homes range from 1,704 to 2,117 square feet.

For more information, visit www.jlawrencehomes.com.

Starting in the $200,000s in Channahon
Located just south of the intersection of Interstates 80 and 55 is the village of Channahon. Known for its small-town charm and family friendliness, Channahon is quietly making its way up the list of popular communities to call home. Here, homebuyers can find a number of new-construction move-up home options priced under $300,000. One example is the Ridgeview plan, available at Smykal Homes’ Ravine Woods community.

Starting at $279,900, this home offers 3,341 square feet with four bedrooms, 2½-baths, formal living and dining rooms, an eat-in kitchen, a family room and a second-level bonus room. The home also includes a basement and a three-car garage. Options include a fireplace in the family room, a breakfast bay in the kitchen, bay window in the den, a deluxe master bath and a fifth bedroom.

“Buyers find their money goes so much further here than at other communities,” said Jim Chittaro, president of Smykal Homes. “Because of its size and included features, this plan could easily go for $400,000 if it was in a closer-in suburb. A $100,000-plus price savings is a lot to consider for just an extra 15-minute commute.”

For more information, visit www.smykalhomes.com.

City living in the $300,000s
While it’s not unheard of to find a condo for less than $400,000 in Chicago, finding a three-level city rowhome with a rooftop deck and luxury finishes at that price point is definitely a rarity. No wonder buyers have been drawn to Lexington Square in the Bridgeport neighborhood where Lexington Homes is offering the Grant Elite, a three-bedroom, 2½-bath rowhome with 2,216 square feet, a two-car garage, eat-in kitchen, balcony and roof deck for just $379,880.

These brick rowhomes also include high-end finishes such as hardwood flooring, granite countertops and stainless steel appliances. Buyers can also opt to add a fireplace, lower-level powder room or a fourth bedroom with a third bath. But, perhaps the most notable feature of all is the view from the rowhomes’ roof decks. Residents enjoy sweeping city views, plus a fireworks display courtesy every White Sox home game.

For more information, visit www.lexingtonchicago.com.

Gated, estate-style community living in the $500,000s
Buyers who aspire to live in a maintenance-free, gated community within one of the state’s top-rated school districts can make their dream a reality at The Estates of Inverness Ridge where single-family homes are expected to be in the 500’s.

Located in northwest-suburban Inverness, and served by highly regarded Barrington Community Unit District 220, which is ranked among the state’s top 5 percent of school districts academically, The Estates of Inverness Ridge will offer five plans. Homes come in ranch, master down and traditional two-story designs, which range from 2,610 to 3,716 square feet and feature three to four bedrooms, 2 to 3½ baths, basements and attached two- or three-car garages.

Residents pay a monthly assessment that covers a home’s exterior landscaping and snow removal, plus maintenance of the community’s conservation area and walking path.

A new community by Meritus Homes, The Estates of Inverness Ridge will start sales this fall. “We are very excited to grand open the remaining 27 lots in this community,” said Brian Brunhofer, president of Meritus Homes. “We are confident we will be able to offer buyers a high quality home at attractive prices for this area.”

For more information, visit www.MeritusHomeBuilders.com.

To read more updates on Chicagoland New Construction, view the 2010 Fall New Construction Digital Issue.

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