Ascension Summerlin Pro’s And Con’s…

Ascension Summerlin Pro’s And Con’s… If you are thinking about building a brand new hom here in Ascension Summerlin, let’s see what the Pro’s and Con’s would be with this idea. First off, a little background on Ascension Summerlin. Toll Brothers and Pulte Homes are both building 3 subdivisions for a total of 6 communities. 231 homes will sit on 561 acres. As your Summerlin Realtor, I keep up with all of the new trends in building and what’s going on in Summerlin. Second, if you are going to build a brand new home in Summerlin, please consider calling me first. In the state of Nevada, the builders do not represent your interests. I do. I am also free of charge to you when the builders pay my commission.

Pro’s of Building a New Home in Ascension Summerlin: 

1. You are building a home for you that is specific to your tastes and needs. Do you need 4 bedrooms, 5 bedrooms? A gourmet kitchen, a large lot?
2. You have a variety of options to choose from-single story homes, or two story homes as well as 3 car garages.
3. You do not have to rush to buy a home. You have plenty of time to either build, relocate to Las Vegas from another state or you just want to take your time building your dream home.
4. You want to created a certain vision of what your new home will be. You want the freedom to make your own choices so that you have a semi custome home.
5. If you are relocating from out of state and your current real estate market is over priced, you will get more for your money here in Las Vegas than you would where you currently live.
6. You are a cash buyer and do not care about current interest rates as well as changes in rates 14-16 months from now when your new home might be completed.
7. You want a new home rather than a home listed on the MLS and the resale market.
8. You are looking for larger lot sizes and square footages compared to the resale market in Summerlin.
9.  You may not be happy with the current lack of home inventory in Summerlin right now and do not find anything you like to buy.
10. You want to be in a gated community with plenty of things to do within that community such as a community pool, fitness center and recreation center.

 

Con’s of Building a New Home in Ascension Summerlin:

1. You are financing this purchase and are concerned with future interest rate hikes based on inflation numbers.
2. Build times range from 8 months with Pulte Homes up to 14-16 months with Toll Brothers. Can you wait that long?
3. What happens if there are delays in construction and you need to be in your new home based on a certain date and time?
4. Coming up with deposits could be hundreds of thousands of dollars that might be tied up in escrow for a very long time.
5. The lack of knowing when you will get a lot to build on and what final pricing will be. As of this blog post, final pricing has not yet been confirmed.
6. The Pulte Home bidding process pits you against other buyers for the same lot which could get you into a lot bidding war.
7. Over paying for a Pulte Home lot if you do not come up with a plan of action on how to get a lot without blowing your home budget.
8. The process and lack of transparency can be overwhelming for some buyers since this is a band new community and there are still a lot of unknowns to  deal with.
9. Rate locks for home loans usually happen 60 days prior to delivery of your new home. This means you cannot lock in an interest rate until your home is close to being completed.
10. You cannot wait until the middle of 2024 for Pulte Homes to complete your home or wait until some time in 2025 for Toll Brothers to finish your home.

 

Where Can I Find More Information About Ascension Summerlin? 

You can visist my community page on my web site: https://lvrealty4sale.com/ascension-summerlin/ I have created this page with drone flight videos as well as current links and informaiton to the builders web sites so that you are kept up to date. Also, you can call me directly at: 702-768-2552 and let’s have a conversation about Ascension Summerlin. As your Summerlin Realtor, I look forward to talking to you about your new home in Summerlin.

Mortgage Calculator:

If you are concered about future interest rates and how that may or may not affect you if you are building in Ascension Summerlin, check out www.whatsmypayment.com/conventional

***Use 1% for taxes and use $1,500.00 for property insurance. Keep in mind that these are rough estimates only and not guaranteed. This is a great tool to give you a basic idea as to what the differences in interest rates will look like.

HOA Information For Ascension Summerlin: 

Good news. Ascension Summerlin will not have a SID (Speical Improvement District). HOA fees are $57.00 a month for the Master Planned Fee for Summerlin. Ascension Summerlin’s HOA will be $255.00 a month.

In Closing: 

If you have any questions about Summerlin, Summerlin luxury homes or about this community, please contact me anytime at: 702-768-2552.