Archives
September 2006
Sep. 30, 2006 - Parade of Homes in the Triangle, North Carolina
I've spoken with Realtors and consumers from all over the country and not all communities are as lucky as ours. Each year(for the last 41 years) the Triangle hosts the largest open house in North Carolina called the Parade of Homes.
Starting this weekend the Home Builders Association of Wake County will be showing off the new homes this area has to offer. Over 300 new homes and condos in all price ranges across the area will be open for visitors. Although more of a reverse parade (where the entertainment stays put and the spectators do all the moving) viewing the properties is free. For the Triangle folks it could be a great opportunity to peek into the various latest and greatest kitchens, baths, and more. It is also a great opportunity for those of us that are truly proud of our area to pitch "Why should I buy in the Triangle?", "Why should I buy in Cary?" ammunition. I can think of a couple friends and family we'd certainly love to convince to come live in this area. Also, if you can't make it September 30th/October 1st there are two more weekends to choose from for parade regulars: October 6th-8th and October 13th through 15th from Noon until 5pm.
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Sep. 24, 2006 - Prepare Your Home Wisely For Old Man Winter
I know it doesn't feel like winter yet, but it is right around the corner. Although it doesn't get too cold hear in North Carolina it doesn't hurt to be prepared for a long winter season. Ice, snow and wind can have devastating consequences on the coziest of homes.
Several experts have recommended the following precautions for your home during the winter months:
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Maintain gutters. Remove leaves, acorns, sticks and other debris from gutters, so melting snow and ice can flow freely. This can prevent ice damming - a condition where water is unable to properly drain through the gutters and instead seeps into the house causing water to drip from the ceiling and walls. You may also consider installing "gutter guards." Available in most hardware and home stores, gutter guards are screens that prevent debris from entering the gutter and direct the flow of water away from the house and into the ground.
- Trim trees and remove dead branches. Ice, snow and wind could cause weak trees or branches to break - damaging your home, car or injuring someone walking on your property.
- Check insulation. Add extra insulation to attics, basements and crawl spaces. If too much heat escapes through the attic it can cause snow or ice to melt on the roof. The water re-freezes causing more snow and ice to build up. This can result in a collapsed roof, and can contribute to ice damming. Ideally, the attic should be five to ten degrees warmer than the outside air. Well-insulated basements and crawl spaces will also help protect pipes from freezing.
- Maintain pipes. Wrap pipes with heating tape and insulate unfinished rooms such as garages that frequently have exposed pipes. Also, check for cracks and leaks. Have them repaired immediately to prevent much costlier repairs.
- Keep the House Warm. The temperature in the home should be at least 65 degrees. The temperature inside the walls where the pipes are located is substantially colder than the walls themselves. A temperature lower than 65 degrees will not keep the pipes from freezing.
- Check heating systems. The proper use and maintenance of furnaces, fireplaces and wood-burning stoves can prevent fire and smoke damage. Have furnaces, boilers and chimneys serviced at least once a year. Make sure that smoke and fire alarms are working properly and consider installing a carbon dioxide detector.
- Make sure steps and handrails are in good shape. Broken stairs and banisters can become lethal when covered with snow and ice. Make repairs now to prevent someone from falling and seriously being injured.
- Get to know your plumbing. Learn how to shut the water off and know where your pipes are located. If your pipes do freeze, time is of the essence. The quicker you can shut off the water or direct your plumber to the problem, the better chance you have to prevent the pipes from bursting.
- Hire a licensed contractor. Have a professional survey your home for any structural damage. If damage is discovered, have it repaired now so further damage will not occur during the winter. Also, find out about ways to prevent water damage due to snow-related flooding. Plastic coatings for internal basement walls, sump pumps and other methods can prevent damage to your home and belongings.
- Take special care if you plan to be away from home. If you are not going to be in your home this winter for an extended period of time, have the water system drained by a professional to keep pipes from freezing or bursting. Also, hire someone to check on your home on a regular basis. If there is a problem, it can be fixed quickly - lessening any damage. Activity at your home will also reduce the likelihood that it will be burglarized.
- Standard homeowners policies cover winter-related disasters such as burst pipes, ice dams, wind damage caused by weight of ice or snow.
- Damage to homes caused by flooding is usually excluded from most standard homeowner policies. Flood insurance is available from the National Flood Insurance Program. Ask your insurance professional about flood insurance, as well as specific advice about winter-proofing your home.
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Sep. 24, 2006 - #4 Best Place for Retirees and #3 Best Place to Reinvent Your Life
I recently received my Senior Real Estate Specialits designation at the Raleigh Regional Association of Realtors. I decided to embark on this designation because I've been working with a number of seniors that are relocating to the area to be with their children. Last year Raleigh had approximately 18,500 transplants from all over the country. Most of the follks that move here seem to love the area because of the mild climate and overall low cost of living for a large city. The main points that families like about the area are the proximity to three major universities, the tremendous amount of green space, and the presence of some of the most advanced technology companies in the country. As Money Magazine stated our town is like a park with a city in it.
In addition the American Association of Retired Persons(AARP) named Raleigh/Durham as one of the best places to reinvent your life after retirement. AARP's research team looked at 10 criteria reflecting the needs, interests, and tastes of Americans age 50 and older. The criteria included:
- Availability of jobs, since many in this group will work beyond age 65.
- Affordable housing—many cities have costs on par with or below the national median price of $161,600.
- Culture and entertainment (from museums and opera to shopping and sports events).
- Access to outdoor recreation, from skiing and biking to walking and hiking.
- Safety—personal and property safety, and a generally secure feeling.
- Colleges or universities (for continuing education and a multigenerational vibe).
- Sense of community (often places with a vital and walkable downtown).
- Proximity to comprehensive, well-regarded health care facilities.
- Good public high schools, since many boomers still have teens at home.
- Ease of getting around (public transportation, traffic, access to an airport).
Visit the link attached for more details:
If you're a senior looking for a great place to live Raleigh/Durham could be your next home.
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Sep. 21, 2006 - Raleigh NC Real Estate>>North Hills Begins Pre-sale of Homes on October 10th
I wanted to share with you the latest community coming to the newly redesigned North Hills area with a Midtown address. Kane Residential is pleased to announce that, on October 10th, pre-sales will begin for Ramblewood at North Hills, a community of brick townhomes, brick condominiums, and single-family Garden Homes. This project, introduced by Kane Residential, has been anticipated by the Triangle community and I wanted you to be the first to know. Appointments will begin to scheduled on October 2nd with a start date of October 10th. Completion date for the first homes is scheduled in the summer of 2007. The community will have three types of homes:
- The Townhomes will have Brick exteriors featuring a traditional architecture. Siteplans range from 2,300 to 4,500 square feet. The townhomes will include 9 and 10-foot finished ceilings, hardwood floors, stainless steel appliances, and granite countertops. In addition, first-floor master suites and finished attics will be available. There will be X units and the base pricing starts in the high $400k’s going up to the $700k range. There will be only 40 Townhomes in Ramblewood.

- The Stacked Flats will be Single level floor plans offering 2 and 3 bedroom options at 1,150-2,000 square feet. The raised ceilings will include 9-foot finished ceilings, Hardwood floors, Stainless steel appliances, granite countertops, and gracious terraces. They will also have reserved, covered parking with elevator access and storage located in the parking level. The stacked flats will start just under $300k and go into the $400k range with 80 units available.

Garden Homes With only 18 sites available they will go fast. The architecture will be influenced by classical English, French and American architecture and begin at 3000 square feet. The floor plans will be either open or formal with first-floor master suites. These Modern amenities, including state-of-the-art kitchens, delivered with timeless style will include Double-car, carriage style garages. In addition, outdoor spaces offer a variety of landscape design options, including cutting gardens and water features. These luxurious high-end homes will start in the $900k range.
If you would like more information please feel free to call me at (919)656-5310 or email me at Tracy@TracySantrock.com
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Sep. 19, 2006 - The Parks at Meadowview- A New Gated Community Planned just South of Chapel Hill
I attended a great presentation today at the Rams Club at the University of North Carolina in Chapel Hill with all of the agents. A representative of a new neighborhood called The Parks at Meadow came to town to tell us all about the community. What a fantastic presentation he brought!
The area is a unique new gated community with 950 acres and 740 homesites. What makes this neighborhood so unique is that almost half of the community is devoted to open space, including 11 unique parks for resident families to enjoy. Because the neighborhood is on the cusp of Chapel Hill and Jordan Lake, the setting should be spectacular. The development company, Crescent Resources, was formed more than 40 years ago by Duke Energy and has land interests in nine states. This venture is the second community in the Triangle. The first, Hidden Lake, is comprised of 124 homesites centered around a 75-acre private lake 20 minutes north of Raleigh. Additional communities include The River Club in Atlanta, The Peninsula, The Point and the Sanctuary in Charlotte.

The plan is to begin construction in the Spring of 2007 with homesites ranging from $90k to $200k range and home prices expecting to start in the $500k range. In addition, a limited number of lots will be available for public sale, but you will have to make a reservation to reserve it.
In addition, there will be a large clubhouse, indoor swimming pool and sauna, outdoor swimming pool with water slides, and six tennis courts all within walking distance of the entire neighborhood. The community is designed with families in mind and will even have a full-time activities director on-site to coordinate year-round events.
If you would like more information, you can contact me via email at Tracy@TracySantrock.com or you can leave your information in the comments section.
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Sep. 17, 2006 - Cary, NC Real Estate - All about Cary, NC Round 1
Named for Prohibition leader Sen. Samuel Fenton Cary (1814-1900) of Ohio, the once-sleepy railroad town of Cary has attracted - and continues to attract - many newcomers.
In fact, Cary is the third-largest city in the Triangle. A large part of its appeal is not only its close proximity to Research Triangle Park, but also its neat fit into the American dream of suburbia. Money magazine recently named Cary the Hottest Town in the East and one of the six best places to live in the country. It has the highest median household income in Wake County ($75,122), and more than two-thirds of Cary residents hold a college degree.
Planning, planning and more planning is Cary's adage. It takes but one drive around Maynard Road, which circles Cary, to understand the vision: planned neighborhoods with large homes, two-car garages and well-groomed lawns as far as the eye can see.
On the business front, Cary is home to such leading companies as SAS Institute, American Airlines and John Deere. However, unlike many towns, commercial development is regulated much the same as residential development. While other Triangle towns have rules governing residential neighborhoods, Cary insists on tasteful commercial buildings that match the surroundings.
That attention to detail has proved very beneficial when dealing with the population explosion in Cary. In fact, Cary has doubled its population every decade since 1960. As the seventh-largest municipality in the state, Cary has grown from 43,000 in 1990 to more than 110,000 today. Forecasters predict that by 2020, Cary will add another 60,000 residents.
To handle the expansion, city leaders and developers carefully control development and have built an infrastructure to absorb the growth. In fact, it wasn't until recently that the voice to slow down Cary's growth was heard. Lately, Cary officials have been developing innovative growth controls. Some of these include requiring developers to prove there are enough roads and classrooms to accommodate the newcomers, as well a $70 million expansion of the water treatment plant that serves Cary and nearby Apex, a project that has won national awards.
In addition, Cary's land-acquisition ordinance requires builders to donate land to the city's Parks and Recreation Department based on the number of houses that will be built. Currently, Cary has 20 city parks, including the Fred G. Bond Metro Park and Hemlock Bluffs Nature Preserve. There's also the Kids Together Park with a large playground. In addition to community swimming pools, tennis courts and some of the finest golf courses in the area, these green spaces are what make people from all over the country want to call Cary home.
WakeMed Cary Hospital near Tryon Road and Kildaire Farm Road has helped to serve the growing population's need for, and access to, convenient medical care.
Walk around downtown Cary where Chatham and Academy streets meet, and you feel like you're in a small town. This is where Lazy Daze Arts and Crafts Festival, considered one of the finest festivals in the state, is held annually. Also downtown is the Page-Walker Arts and History Center, formerly the Page-Walker Hotel, which was built in 1868 to serve train passengers. Homes in and around downtown were mostly built during the 1950s.
Once considered the outskirts of town, the Greenwood Forest subdivision is now in the middle. Built during the 1950s and '60s, it is bordered by Walnut Street and East Maynard. Close by are Cary High School, Cary Village Square shopping center and Cary Towne Center Mall.
Cary first began growing southward with the MacGregor Downs subdivision - the first prestigious development in Cary. Built in the 1960s with large lots and homes off U.S. 64, MacGregor Downs defines Cary's southernmost point. In fact, many claim that Cary's reputation for upscale residential living is due to this subdivision. Condominiums and homes command good prices, especially in the MacGregor West neighborhood, adjacent to MacGregor Downs Country Club, where you can find estate-size homesites of one to five acres.
Kildaire Farms, North Carolina's first planned unit development (PUD) with various style homes in different price ranges, was developed along Kildaire Farm Road and Cary Parkway during the 1970s and '80s. This community has more than 2,500 residential units throughout its neighborhoods, a greenway system with jogging trails and bike paths, the Kildaire Farms Racquet and Swim Club and the Cary Athletic Club located within its boundaries.
Regency Park, a PUD developed during the 1980s, includes commercial as well as residential buildings. It's located off the intersection of U.S. 1 South and U.S. 64. Regency Park Estates, tucked away in Regency Park adjacent to Hemlock Bluffs Nature Preserve, is a neighborhood where every homesite is an acre or larger.
Lochmere, a PUD not far from Regency Park on the southern end of Kildaire Farm Road east of U.S. 1, also was developed in the 1980s. With a lake, miles of nature and jogging trails, swim and tennis clubs, golf and several different neighborhoods in all price ranges, Lochmere has been a very successful community.
Due west, the community of Preston is credited for reshaping Cary. Preston, located off High House Road, offers houses ranging from $250,000 to $1 million. Traditional, transitional and contemporary homes are found throughout this PUD.
As in other developments of its kind, Preston has golf (54 holes), swimming, tennis, an exercise facility, playgrounds and picnic shelters, as well as the Prestonwood Country Club.
Other communities developed during the '80s and '90s pulled Cary northward up Harrison Avenue. Some of these neighborhoods include Wessex, an upscale community with a swimming pool and tennis courts; North Harrison Trace, a single-family community with a number of home designs; and Beechtree, which includes townhomes, cluster homes and single-family homes. This area of Cary offers easy access to I-40, Lake Crabtree and Umstead Park.
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Sep. 15, 2006 - Buy vs. Rent...Why Homeownership is the way to go...
Yup, the cliché is true: Buying a home is one of the smartest financial decisions most people will ever make.
Don’t take my word for it. What do I know? Take the Federal Reserve’s. Its Survey of Consumer Finances has consistently found a huge gap between the wealth piled up by homeowners and that accumulated by renters.
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Average net worth of homeowners vs. renters
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Annual income
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Owners
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Renters
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$80,000 and up
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$451,200
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$87,400
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$50,000 to $79,999
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$194,610
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$25,000
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$30,000 to $49,999
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$126,500
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$10,600
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$16,000 to $29,999
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$112,600
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$4,240
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Under $16,000
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$73,000
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$500
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Source: VIP Forum, Federal Reserve Board
Home ownership builds wealth in two ways: through the “forced savings” of paying down a mortgage, and through appreciation -- the rise in the home’s value over time.
The earlier you get in the game, the quicker you can get that appreciation working for you. The longer you wait … well, the consequences can be stiff.
’You’ll always be poor’
“If you rent, you’ll always be poor,” declares real-estate cheerleader and bestselling author David Bach, author of “Smart Women Finish Rich” and the upcoming “The Automatic Millionaire Homeowner.” “The longer you rent, the less likely you are to buy. You fall further and further behind.”
Those who wait for the current housing boom to crash may be waiting a long time. Prices even in the most overheated markets could plateau or just rise more slowly in the future, maybe even returning to the 6% average annual gain the National Association of Realtors says is the norm nationally. In the Triangle market we've been experiencing very slow and steady gains at 3.75% and only recently have seen 10%+ appreciation in the summer of 2006.
Bach acknowledges buying a home isn’t always the best choice. Sometimes you’re smarter to hold off and rent, postponing the day when you graduate to the ranks of homeowner.
But how do you decide if you’re being prudent or chicken? Don’t expect most “Buy vs. Rent” calculators you find on the Internet to be much help. Outlays for maintenance, repairs, insurance and utilities almost invariably will be greater for a homeowner than a renter, yet many calculators fail to consider the full impact of these expenses. And some expect you to predict events -- like future appreciation or how much your down payment would earn if invested in stocks instead -- that you can’t possibly know.
It’s a crapshoot
When I bought my first house, for example, North Carolina was experiencing its worst-ever real-estate slump. The property lost about 10% of its value in my initial years of ownership, then recovered to post a 20% price gain.
Not bad, huh? Except after considering all my outlays for maintenance, repairs and insurance, and factoring in the tax benefits, I determined that I had barely broken even when compared with the rent I would have paid during those six years.
Had I invested my down payment in an index fund that matched the Standard & Poor’s 500 instead, I could have tripled my money in the same period.
The case has been almost exactly reversed with our current house: The stock market has basically been treading water for the past five years. But our home has steadily appreciated over the past six years in the Cary, North Carolina market.
Tax benefits help, but not for long
Besides asking for the impossible, many “Buy vs. Rent” calculations -- and most discussions of home ownership benefits in general -- exaggerate the potential tax benefit.
Here’s a dose of reality:
At least half of the nation’s homeowners get no tax break. Some own their homes outright, but many don’t pay enough mortgage interest and/or property tax to be able to itemize.
If you do get a tax break, it’s probably less than you think. What matters isn't the total amount you pay in interest but whether all your deductions added together exceed the standard deduction amount.
The standard deduction in 2005, for instance, gives married couples who file a joint tax return $10,000 in "free" deductions, even for those who don't pay a penny in mortgage interest. If you’re a homeowner with mortgage interest and other deductions totaling $11,000 last year, the only advantage you would have over a renter who paid zero interest is an extra $1,000 in deductions. If you're in the 25% tax bracket, the $11,000 you spent garnered you a tax break worth just $250 -- so your write-off is worth about 2% of what you paid.
Even if you get a decent deduction now, that tax benefit will tend to shrink over time. Most mortgages are front-loaded so that you pay less interest, and more principal, with each passing year. At the same time, the standard deduction keeps getting adjusted upward, squeezing your tax break from both directions.
4 keys to profitable home ownership
You’re most likely to win by owning, rather than renting, if the following are true:
· You plan to stay put at least three years and preferably more. In most markets, it can take three to six years for a home to appreciate enough to offset the costs of selling and moving. (Bach thinks anyone who knows he or she won’t be moving in the next year should roll the dice and buy; I’m a little more cautious, particularly in overheated markets where you may need to stay put even longer than five years to ride out a real downturn.)
· You’re psychologically prepared. Home ownership means dealing with whatever comes up -- from noisy neighbors to clogged plumbing. You can’t just call the landlord for help or pack up and move as easily as when you were renting.
· You have some extra savings. Home buyers who spend every dime they have buying a house inevitably are blindsided by repairs, maintenance and all the other costs of owning a home. Then they go into debt trying to keep up their current lifestyle. Smart home buyers make sure they have an amount in savings at least equal to two mortgage payments after the deal closes, and preferably much more.
· You manage your money pretty well. That “forced savings” aspect I discussed above works only if you can keep your hands out of the cookie jar. Otherwise, it’s too easy to drain away your wealth with home equity loans and lines of credit. If you’re the kind of person who lives on credit cards and doesn’t know where the money goes, you’d be smart to clean up your financial act long before you go hunting for a house.
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Sep. 14, 2006 - Invest or not to invest in the Triangle? That is the question of the day.
I’ve been getting a lot of calls from investors around the country looking to expand outside their current market. As you may be aware there are many areas in the country that have seen a remarkable slow down in the real estate market. To the contrary, certain areas in the Triangle are continuing to see strong growth and low inventories. The main question I’m being asked is where would investors find the best returns?
July sales were down slightly in the Triangle, but overall we have achieved nearly 2% stronger sales year-to-date than 2005. Cary, Raleigh and the Triangle continue to win numerous accolades as the place to start a new business, the place to find affordable housing, the best overall employment & low cost of living, great weather and safest neighborhoods. Our area has been touted as having a terrific business climate and even one of the best places to meet singles. I guess all the downtown urban living trends have paid off.
These awards of national recognition and ratings have been a constant for over 20 years and show no sign of diminishing. It makes a very good case for long term growth. From an investors perspective, let's say the next 5-10 years look very bright for continued growth and prosperity in local Triangle area.
I do recommend high growth areas for maximum gain on residential investing. The bulk of out of state investing has been focused on new home development below 225k. The out of state investor wants to “get in” our market and “get out” fast. That may be just the right approach for some of the new homes neighborhoods. I see out of state investors that never drive across the state line buying many new construction homes on-line.
I recommend a longer approach to investing and would target areas close to new commercial developments such as Southpoint near Southwest Durham , North Hills, West Cary, and North Raleigh. I would say almost any home under 300k should be considered if it has premium location. Homes in these areas usually rent well. If the home breaks even from rental income verse mortgage payment – and is poised for maximum appreciation - it's usually a strong investment.
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Sep. 9, 2006 - Wil-Mar Golf Course Property To Be Sold
Fran Wilkerson and Marty Allen, owners of Wil-Mar Golf Club and 22 acres of land adjacent to the property have made the decision to sell the land that has been in their family for nearly a century. Before the golf course existed, the land provided a decent living for the family through the growth and sale of tobacco. Now that the town of Knightdale has agreed to spend more than $7 million to run a sewer line to the property, the brother and sister have decided to entertain offers from developers.
The course, located off of Old Milburnie Road near Highway 64, has long been a draw because of its reasonable rates ($18 for 18 holes during the week). As the Triangle has grown, the land has become ripe for development, but without the sewer being available, a developer could only put houses on every ¾ acre. Once the sewer line is run, a developer will be able to put 3 or 4 houses per acre on the land.
The sewer project is still in the preliminary stages, and the estimated cost are in excess of $7 million to do the project, but the town of Knightdale is going to share the cost. If all things go smoothly, the project should be completed in the fall of 2008.
With the completion of I-540 to Highway 64 planned for this fall, this provides a solid infrastructure as Knightdale grows closer to the Raleigh city limits. Dale Crisp, the director of public utilities for Raleigh, says that the addition of the sewer line creates a “backbone” for future development in the area.
The golf course has a tax value of $2.8 million according to Wake County records and is 133 acres. Wilkerson and Allen are currently in talks with four developers but they declined to identify who they are.
The golf course won’t be the only property affected by the sewer line, which lies in the Beaver Damn Creek basin. About 4 miles of sewer line will be put in overall.
As the Triangle continues its unprecedented growth, this may be the next “boom” area once I-540 is complete. There are probably developers chomping at the bit to get their hands on this property. It is in a fantastic location for those that work in Raleigh, or that might use the future I-540 to commute to RTP.
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Sep. 8, 2006 - Wake County School Update-19 Schools Chosen for Year Round Status
The Wake County School board voted yesterday to decide which elementary schools will be converted to year round status. This has been a big controversy because there has been so much growth in the area that the schools cannot handle the growth. This year when the school doors opened in Wake County the enrollment increased over 20%!!!! As a result, the school board is proposing conversion of many of the areas schools to year round programs to maximize the number of children that can be accomodated by the school system. The 19 elementary schools that have been selected to become year round include: Ballentine, Baucom, Brassfield, Green Hope, Harris Creek, Highcroft, Hodge Road, Holly Springs, Knightdale, Leesville Road, Lockhart, Middle Creek, Olive Chapel, Pleasant Union, Rand Road, Salem, Vance, Wakefield and Willow Springs.
Those elementary schools will transition from the traditional to the year-round calendar in 2007-08. The school board also added a magnet program to Forestville Elementary in Knightdale. The school system also says that the school board "reached consensus on a number of items" and directed the county school staff to come back with a plan for making the following accommodations for Wake County families:
- Children of teachers at all year-round schools will be guaranteed placement on the same track as their parents
- Children of 12-month staff at year-round schools will be given priority of placement on the same track as their parents
- Fourth- and fifth-graders at year-round schools whose base attendance area is converted to year-round will be allowed to grandfather without transportation
- Kindergarten through third-graders at year-round schools whose base attendance area is converted to year-round will be given priority to stay on the same track Siblings will be given priority placement on the same track at year-round elementary and middle schools
On Tuesday, September 12, the board will continue discussions on possibly converting some middle schools to the year round calendar. The board will hold a public hearing regarding the middle schools at 7pm, Thursday, September 14; the location is yet to be determined.
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Sep. 8, 2006 - Brand New Golf Community Designed by Freddie Couples in Chapel Hill
Chapel Ridge is a brand new golf community that opened April 2006 which is situated on 790 acres of rolling countryside, with access to the conveniences of Chapel Hill, Raleigh-Durham and the entire Research Triangle area.

In addition to the Fred Couples signature 18-hole golf course, Chapel Ridge also features a golf clubhouse, swim and tennis center, and a master plan designed to embrace time-honored family traditions. Chapel Ridge offers the unique opportunity to purchase spectacular golf-view and nature-view homesites with no time restrictions on when to build. The Nature/Wooded Homesites are from the low $90s and golf course homesites are from the low $140s. Homesites range from 1/3 to 3/4 Acre. Homesites on the 16th Fairway have just been released. The entire neighborhood will have 615 custom homesites with over 390 acres of open space.

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Sep. 8, 2006 - Looking for a Vacation Homes in the Blue Ridge Mountains?
Picture a resort that combines the splendors of the Biltmore Estate with the 5-Star Ambiance of the Greenbrier. Look no further than Laurelmor which is located in the Blue Ridge Mountains of North Carolina. Laurelmor is envisioned to ignite the remergence of the true mountain club experience. A reintroduction to the ageless traditions that have gotten lost in the is age of e-tickets and iPods. Most importantly, a place where everyone from grandfather to granddaughter will feel at home.

Located on 6,000 acres of Blue Ridge splendor (larger than Manhattan and a bit friendlier), Laurelmor will be limited to less than 1,500 homes integrated into its natural beauty. Its dramatic changes in elevations will offer a variety of picturesque views and the opportunity to create experiences unlike anywhere else. Your initial drive will be cut out of a scenic ridge where you will get your first glimpse of the Club and Community nestled throughout the valley. At the heart of LaurelMor will be aspacious mountain lodge that will not only feel as if it was always there, but that it was meant to be there. There will also be an inviting Champoionship golf course designed by PGA great, Tom Kite. It doesn’t end there—-the mountain spa will offer a seamless indoor/outdoor experience that will include spectacular mountain views and first-class pampering.

Pre-sale of homesites available now. Lot deposit is transferable. Additional ammenities include:
Fine and Casual Dining
Camp Laurelmor for Children
Equestrian Center
Skeet Shooting and Archery Range
Fly-fishing
Kiking and Biking Trails
Pet Parks and Lodge
For more information send me an email at Tracy@TracySantrock.com or call me at (919)656-5310.
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Sep. 6, 2006 - What Your Should Do Now if You Plan on Selling This Fall
Home sales during the fall are traditionally a bit slower than the frenzied spring and summer months. But fall can be a good time to sell because there are (usually) fewer houses on the market - meaning less competition - and buyers typically want to buy quickly before winter and the holidays set in.
If you plan on selling this fall, you'll want to do everything in your power to attract would-be homebuyers. One of the first things you should do is examine, and, if needed, repair any major structural systems. If you're unaware of any, you may want to hire a professional home inspector. Chances are a potential buyer will hire an inspector to examine the house, so you might as well save yourself any surprises down the road.
The American Society of Home Inspectors says a typical home inspection includes drainage conditions, exterior surfaces, decks, chimney, the roof, windows, doors, plumbing fixtures, furnace, air conditioner, insulation, ventilation, electrical, heating, and plumbing systems.
Once that's done, you should make sure you don't have any loose shingles. Repair and paint your gutters, if needed. Once the structural systems are repaired or given the thumbs-up, then you should turn to appearance.
And when it comes to looks, if you're selling in the fall, there are many things to consider, including:
Curb appeal. In other words, the way your house looks from the street - the roof's condition, how the paint is holding up, whether the windows are sparkling, the lawn is mowed, the landscape is attractive and not buried beneath a peppering of fall leaves, and the driveway and walkways are free from toys and clutter.
Entering the house. Your front door should be in good condition. Usually when the real estate professional is busy retrieving the key from the lock box, the potential buyers are standing by with nothing else to look at but the front door. Does it need painting or staining? Also, new hardware will make it stand out, and why not adorn it with a seasonal fall wreath?
Once inside your house, the two things that immediately turn off prospective buyers are dingy walls and dirty, ill-colored, outdated, or shabby carpet. Sometimes it's hard to be objective about the condition of your own house because you see it every day, so ask a friend, neighbor, or your real estate agent to give it a look and give you their honest opinion. Fresh paint can do wonders. Keep the colors neutral. And while you can offer buyers a carpet allowance to compensate for bad carpet, replacing it before selling really boosts that first impression and makes the house more appealing and worth more in the buyer's mind.
Clear the clutter. If you have too much furniture, put some of it in storage. Fewer pieces of furniture will make the room seem larger and more open. Also, clear counters in the kitchen and bathrooms. Make sure closets are clean. Pack up some of your clothes now. Fewer hanging clothes in the closet will make the closet appear bigger.
Talk to the professionals. Now's also a good time to interview real estate professionals. Ask about their experience, find out how well they know the area you're eyeing, and talk to references. Once you have someone lined up you can follow his or her additional recommendations and begin the final phases of preparation before your house goes on the market.
Finally, you should be mindful of setting a competitive price. Your REALTOR® will begin by conducting a competitive market analysis of your house and give you an estimate of the fair market value of your home, which is a range that will fluctuate depending on the housing market in your area and how much similar homes in your neighborhood are selling for.
Don't insist on setting the price too high, especially if you're on a timeline. A house priced appropriately will be taken more seriously and will ultimately sell more quickly than one that's overpriced.
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Sep. 1, 2006 - West Regional Library Opens Its Doors on Sept. 16
I live in Carpenter Village and my home backs up to the new library being built. The community is so excited about the much needed library that will open in Cary. West Regional Library, 4000 Louis Stephens Drive in Cary, will open its doors Saturday, September 16, immediately following an official ribbon-cutting ceremony. To celebrate the occasion, the library will host a day of fun-filled events and performances for all ages that start at 10:30 a.m. and run until 5 p.m.
Located near the intersections of Highway 55 and Morrisville Carpenter Road, the 30,000-square-foot public library will be the second largest in the county. West Regional Library will provide much-needed services to the rapidly expanding western half of Wake County by serving the Cary, Morrisville and Apex communities. The library will be a neighborhood-friendly place, with 70 public computers, WiFi Internet access, conference room, six service desks, a drive-up book drop, study rooms, and a multipurpose room for kids' and adults' events. The library is situated with a view to a community lake. There are also many nearby walking and biking trails. For more information or for driving directions, visit www.wakegov.com/libraries/projects/west.
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Sep. 1, 2006 - Town of Cary Road Expansion Update
As you know from the proliferation of orange barrels all around us, the Town of Cary and the North Carolina Department of Transportation (NCDOT) have several road projects under construction in our area. Here is a brief summary of these projects.
[A] Louis Stephens Drive from Heritage Pines to Morrisville Parkway
Under construction. The Town’s portion will be complete by end of August. However, a critical
segment of the road within Heritage Pines will be completed by the developer. The Town expects
Heritage Pines to finish construction on its portion in mid to late Summer 2007.
[B] Louis Stephens Drive between Morrisville Parkway and Morrisville Carpenter Road
Under construction. The Town’s portion will be complete by end of August.
[C] Morrisville Parkway
Plans for the Morrisville Parkway segments are complete but permitting remains to be the holdup.
Town staff, its consultants and lawyers have met with officials from the US Army Corps. of
Engineers (COE) and Division of Water Quality (DWQ) multiple times to determine the level of
permitting necessary. COE & DWQ are requiring that both phases of Morrisville Parkway be permitted
together and that the Town provide them with special modeling of the area to illustrate the environmental
effects of the road widening on the area. The Town has not had to go to this level of
permitting before and has been told that it can take six months to one year. Therefore, the Town does
not expect construction to begin before Summer 2007. The project will take approximately one
year to complete.
[D] Carpenter Upchurch Road at High House Road
This roadway is closed in order to raise the roadway to meet the new High House roadway and
bridge grades. The bridge is being raised due to required NCDOT structure height and required
CSX railroad clearance. The roadway is scheduled to be reopened with Phase 1 of the High House
Bridge in late August or early September.
[E] High House Bridge
The north side of the bridge is scheduled to open in late August. There will be two lanes at this time
while work continues on the southern side of the bridge. The entire six lane bridge is scheduled to
open in late April 2007.
[F] High House Road
High House Road is being widened in front of the Wellsley neighborhood. Construction is
scheduled to begin in September. Widening here is minor, but is being done to tie into the new
bridge and accommodate the new four lane, median divided cross-section. High House Road will have
bike lanes.
[G] Jenks Carpenter/Carpenter Upchurch Road
The Jenks Carpenter/Carpenter Upchurch Intersection Realignment is estimated to start construction in
Summer 2007 and be complete Spring 2009. As part of this realignment, dual left turn lanes have been
designed for eastbound High House Road (for turning onto northbound Carpenter Upchurch Road towards Carpenter Upchurch Road towards the high school). The Town has proposed using dual left turn lanes to shorten the storage distance, allowing a median break at Widdington for the Wellsley subdivision. NCDOT has some concerns about this arrangement and has not given its approval for this part of the work. For more information on the realignment project, go to http://www.townofcary.org/depts/d s d e p t / e n g i n e e r i n g / e n g p r o j /jenkscarpenteroverview.htm
Other projects of interest:
NCDOT expects to finish the NC 55 widening in November. The project will be four lanes, median divided north of High House Road. It will be fives lanes (four with a center turn lane) south of High House Road. NCDOT expects to complete the I-540 segments (I-40 to Davis Drive and Davis to NC55) in August 2007. Local mayors are in discussion with the N.C. Turnpike Authority about making the portion of I-540 between I-40 and Holly Springs a Toll Road in order to expedite the construction of this corridor. NCDOT will advertise the bids for contractors for the Davis Drive widening (north of Morrisville Carpenter Road) in December 2006. If you want to track these NCDOT projects, go to http://apps.dot.state.nc.us/constructionunit/
proglocreport/ProgLocSearch.aspx
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Welcome to my blog on Raleigh-Cary and the Triangle area of NC Real Estate. Here you can read current information on the Triangle area including neighborhood profiles, school information, taxes, market conditions, and even find things to do in the Triangle.
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