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Old 01-22-2012, 02:43 PM
 
3 posts, read 10,231 times
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I work downtown and we are looking at buying a place in Las Colinas in the Riverside or Escena developments. We like the area and that we can get a newer home in our price range with a quick commute to downtown. There aren't really any other options within 20 minutes of downtown where we can get a more modern layout in newer construction (it is amazing how much more efficient new homes are even compared to 5-6 years ago). The efficiency is a big thing for us as nearly all of our friends in the M-streets, Lake Highlands, etc.... pay hundreds of dollars a month for electricity even in totally remodeled homes with new insulation, windows, radiant barrier, etc...

A builder we met with said that Las Colinas is mostly built out. It still seems like there is a ton of open space, so is this the case or are we going to be dealing with new developments for the next 10 years?

Anyone have any general recommendations on how much negotiating room builders are having these days?

Does anyone have any insight on the builders? Specifically Plantation Homes, since we liked them quite a bit for the value aspect. The Highland Homes are just beautiful and seem like quite a step up, but we just need to decide if it is worth it to pay an extra 100-120k. We want a yard, so we've ruled out the David Weekley zero lot line homes. That leaves Meritage (their lots are too close to the freeway), Coventry, and Darling.

Also, we plan to stay in the home forever so long as we stay in DFW, but assuming we decide to move (temporarily would be a possibility with my job) and don't want to/can't sell, what would a 4 bedroom 3ooo sq. ft. home in these areas rent for? It seems like the $2500-3000 range seems doable.

Also, as a general sense, what are people's feelings on home values in the area over the next 5 years or so? This is more curiosity since we plan on staying in it for a while.

Thanks in advance for any insight.

Last edited by Sanchez0714; 01-22-2012 at 04:05 PM..
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Old 01-22-2012, 05:26 PM
 
Location: Dallas, TX
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Any idea on how much you will save each month in electric bills with the newer home?
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Old 01-22-2012, 08:16 PM
 
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The builders are saying it should average about 120 a month over teh course of the year. They all seem to have guarantees that it will be under a certain amount for the first 3 years or so. I haven't looked into it much though.

I just know I have friends in older homes in town paying 300-400 a month (more in the middle of summer) for 2000-2500 square foot homes. So I'm figuring 150-300 a month savings.
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Old 01-23-2012, 12:12 PM
 
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We recently purchased a home in Riverside Village and love the area.

It's close to retail, schools, and the surroundings are beautiful. It's very centralized for us since we have family from all over DFW, and work in Dallas. I believe that once these neighborhoods build out in the next few years, the value will hold for it's great location.

Where is Plantation Homes building? We didn't see them when we were searching for a homebuilder.
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Old 01-23-2012, 03:35 PM
 
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DFWtransplant: Plantation is starting to build in Escena across the street from Riverside. They are about 100-150k cheaper than Highland/Darling/Coventry in Riverside. We're trying to decide if it is worth that to be in Riverside and have a home from the higher end builder.

Who did you go with to build your house?
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Old 01-24-2012, 08:52 AM
 
115 posts, read 193,017 times
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Quote:
Originally Posted by Sanchez0714 View Post
DFWtransplant: Plantation is starting to build in Escena across the street from Riverside. They are about 100-150k cheaper than Highland/Darling/Coventry in Riverside. We're trying to decide if it is worth that to be in Riverside and have a home from the higher end builder.

Who did you go with to build your house?
We went with Coventry Homes and are happy with the quality and floorplan. They are truly custom and can make any changes to any of their floorplans.
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Old 01-31-2012, 09:00 PM
 
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Sanchez, We just met with Plantation Homes today. I think for the area, it's a great value. The energy efficiency of their homes is a huge plus for us. Plantation is a sister company of Coventry, but Coventry has a bit more flair to their designs and finishes. Are you still looking at Plantation?

Dfwtransplant: Plantation is building at the corner of Riverside and La Villita, called The Enclave at Riverside. The only thing up in the air is what will be built on that corner.
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Old 02-21-2012, 10:15 AM
 
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Where is the office for Plantation Homes in Escena?
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Old 02-21-2012, 12:28 PM
 
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Currently, their office is at 6900 Oeste Dr in one of the townhomes across the street. You can email the sales adviser to set up an appointment or just see when he is in.
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Old 02-21-2012, 01:22 PM
 
Location: Simmering in DFW
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Riverside is a great area! I think its a great investment.
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