From dirt lot to moving in, here’s what the new home timeline looks like
Here at Focus Real Estate we closely follow Central Park’s (formerly Stapleton) new home construction process and timelines.
We’ve been fortunate in that we’ve had the opportunity to help many clients and friends as their new home realtors over the years here in Central Park. So we’ve helped assist with budgeting for, designing, and building many new homes. In particular, we’re acutely focused on how long it takes to build a new home in Central Park.
After all, many of us need to sell our current homes before we can close on our new construction homes. I built my home with one of Central Park’s builders in Conservatory Green and had to sell my prior home before I could close. So construction timelines are near and dear to my heart! (More on how to manage selling your current home while building a new home later in this post.)
Given all this, here’s what we know about current building timelines in Central Park’s Beeler Park, North End, and Bluff Lake.
I want to move into a new home soon! What are my options?
I like to tell my clients that regardless of whether they’d like to move into a new Central Park home, well, today, or perhaps their timeline is as long as 2 years from now, there’s almost always new home inventory available. But if your timeline is short – let’s say you’d like to move any time between now and 180 days from now, you might want to look into Central Park’s “quick move-in” homes.
A quick move-in home, also known as a “spec home,” is a home a builder starts on without a buyer. Why? Sometimes builders prefer to pull permits for an entire block simultaneously. Other times a builder had a buyer, but for whatever reason that buyer fell through.
As of just a couple weeks ago, Thrive, Parkwood, Boulder Creek, Creekstone, Wonderland, and Lennar had over 30 quick move-in homes that are completed and waiting for a buyer, or that will be completed over the next 180 days. Though some of these homes have gone under contract, here’s an inventory list I put together:
I love quick move-ins because buyers get the benefit of purchasing a brand-new home with all the latest and greatest features and technologies – without having to wait for the home to be built. That said, one potential disadvantage is you might not be able to pick out the lot, upgrades, and designs you want.
If you’d like to hear more about quick move-ins available on your preferred timeline, shoot me an email at Mariel@Focus-Realtors.com.
We’re thinking about moving a little ways down the road (6 months – 2 years). What are my options?
At a high level, if you’re looking to build a new home in Central Park today, you might generally assume an estimated 8-12 month build-out period from the day you sign your contract until the home is completed. That’s not a perfect estimate by any means.
There are homes that could go from dirt to completion in around 6 months. There are also lots that could be 18+ months away from projected completion. So the real answer is “it depends.”
There are a variety of factors that go into your particular home’s build-out timeline – your builder, your floorplan, your lot, weather, availability of trades, Denver permitting, and more. Work with your builder and realtor to pin down as precise a completion date as you can, but also understand that because of the nature of construction, timelines are always fluid.
I need to sell my current home before I can purchase a new home. How do I manage this?
Though every situation is different, generally I like to list client homes in Central Park for sale approximately 90 days prior to when their new home is scheduled to be done. This listing timeline depends on many factors and is unique for each home we list, so sometimes it’s longer than 90 days, and sometimes shorter.
But assuming a hypothetical 90 day listing timeline, if your home sells quickly, we’ll generally ask for a “leaseback.” So if you close on the sale of your home on, say, day 70 of our 90 day timeline, you’ll continue to live in your home for another 20 days under a short term lease (which is relatively common in Colorado, by the way). If your home doesn’t sell as quickly, we’ll have a couple months to aggressively market your property.
Last but not least, if you’re thinking about building or buying a new home in Central Park, be sure to check out the Scoop’s library of new home articles and videos. Our realtor team here at Focus – Joe, Amy, Stacy, Ashley, Lisa, and me – are experts at helping buyers navigate the Central Park new home process. From helping with lot selection, to design center budgeting and selections, to your predrywall walk and more, let us help you!
Let’s chat! Mariel@Focus-Realtors.com any time!