Development Feature: Hawk’s Nest
t a time when most developers are cautiously building one spec home at a time, New Horizons Development has 10 homes under construction at Hawk’s Nest in Orchard Mesa. None of them are sold yet, but none of them will sit empty for long, either.
“People can rent, do a lease option or buy the home,” explains Janet Elliott-Pritchett, broker/owner at New Horizons. The lease option has been a popular choice for people moving into the area from other places, especially for those who have a home that they’ve been unable to sell.
It’s also been a good option for those who need to clean up their credit in order to qualify for a home loan.
Those who chose the lease option must sign a 12-month lease. During the lease, prospective buyers are establishing credit through their on-time utility and lease payments. If they choose to buy at the end of the 12-month period, a portion of the lease payment goes toward closing costs.
“It helps buyers figure out how to make their money work for them,” says Elliott-Pritchett about the lease option. “When they get ready to buy, they don’t have to move.”
Elliott-Pritchett likes to meet with people before the homes are complete, even if the prospective homeowner is planning to lease rather than buy right away.
“I listen to what people like and try to accommodate that,” she says. “I like to give people a say in the interior and exterior finishes.”
No two homes are identical at Hawk’s Nest. Different ceilings, entrances, elevations and roof pitches prevent the neighborhood from looking like a tract development.
“If you walk in to your home,” says Elliott-Pritchett, “you don’t feel like you’re walking into your neighbor’s house.”
As a professional who has worked in real estate and development for 35 years, Elliott-Pritchett saw that new homes often saddled buyers with expenses that they couldn’t afford but also couldn’t afford to ignore, especially if covenants required landscaping or fencing to be installed within a year.
“When people move in, they don’t have to spend any money,” promises Elliott-Pritchett. Every home has mini-blinds, professional landscaping, a small garden plot in the back yard, underground sprinklers, and vinyl fencing. Most have RV parking, too. “We’ve tried to figure out everything that they would need,” Elliott-Pritchett says.
Lot sizes are between 9,000 and 14,000 square feet, with plenty of room for kids and pets. Although construction of the eventual 110 homes at Hawk’s Nest will continue for some time, the builder completes all the homes in one area at a time, so construction is constantly moving away from completed homes.
Homes are between 1,400 and 1,987 square feet. Some are single-story and some are two-story.
Prices start in the upper 200s and range into the low 300s. Lease payments range between $1,400 to $2,000 per month.
Homes have either three or four bedrooms. Ceiling fans are a standard feature, as are open floor plans and two-tone paint schemes. Some of the homes have five-piece master baths, with a walk-in shower, a big soaker tub and two sinks.
To keep costs down, most kitchens have laminate countertops and laminate flooring, although some homes may have granite counters. Homes all have air-conditioning and forced air heat.
New Horizons Development is partnering with Wells Fargo Home Mortgage to help people figure out the right steps to take to put them in a position to buy their home when the 12-month lease expires.
Jill Derrieux and Terrie Higgins, home mortgage consultants with Wells Fargo, will meet with prospective buyers before they sign the lease to discuss down payment options, and will also meet with them during the 12-month period to help resolve issues that may affect their credit and ability to eventually become a homeowner.
“We feel like we have a service that we’re providing,” says Elliott-Pritchett. “The lease allows people to have the confidence to know they can own a home.”
The lease also allows people to test-drive the neighborhood, the schools and the commute before they commit to a 30-year mortgage.
Most are pleased with the quiet neighborhood, the views of Grand Mesa and the development’s proximity to both Highway 50 in Orchard Mesa and the 29 Road Bridge, linking the neighborhood to Riverside Parkway.
“I can be in Fruita in 15 minutes,” says Elliott-Pritchett, “and at the mall in 10.”
Although Elliott-Pritchett doesn’t have anything available right now, she has homes that will be available by the end of the month.
To find out more about the neighborhood at B Road and 30 Road in Orchard Mesa, or to ask about the lease program, contact Janet Elliott-Pritchett with New Horizons Development at 250-0765.