|
||||||||||||||
 |
| Heatherfield
Frequently Asked Questions How many Townhomes are you building? Is
there any other housing being built on this site? What
if I have a house to sell? Can
I move any items into the home before I close?
How many Townhomes are you building? Homestead Design is building 83 townhomes at Heatherfield.
Is there any other housing being built on this site? There is some available land behind the Faith United Methodist Church, that may have homes on it some day, accessed off of Songbird Road. What
do I have to do to secure a townhome? Please read the contract that we include in our marketing packet. The details of the purchase and sale process are there. Generally: The initial deposit is $10,000. This money is non-refundable except in the event that Homestead Design defaults or cannot provide you with a clear title to the property or the property is destroyed, as in a fire, and you decide to void the sale. There is an additional non-refundable deposit due of 50% of any options that you choose. For example, if you choose an option and the price is $5,000 there would be an additional non-refundable deposit due of $2,500. All deposit monies are applied to purchase price or returned at closing, depending on financing. Can
I reserve a townhome in a later building? We do not take reservations on later buildings but as a courtesy we would be happy to place you on our "To Be Notified" list for any building. We will contact you with pricing and availability when a particular building becomes available for sale. There is no cost or obligation to either party involved. What
do you estimate taxes to be? Based on discussions with the City of South Burlington Tax Department, the formula for determining the property taxes at Heatherfield is the following: Purchase Price ___/ 100 x $1.6984 (2008-2009 tax rate) = estimated 2008-2009 taxes. Therefore, a home with a value of $350,000 would have annual property taxes of $5,950. We strongly recommend that any prospective buyer contact the South Burlington tax department at 802-846-4109 for more information. How
much are the association fees? The current monthly association fee payable to Heatherfield Owner's Association, Inc. is estimated to be $210 for a Series I home and $215 for a Series II home. Series I dues are higher due to the fact that buildings B and G are equipped with sprinkler systems. This fee includes: 1. The removal of trash and recyclables 2. Hazard insurance on the condominium 3. Exterior maintenance 4. Snow removal from driveways and walkways 5. Lawn mowing and landscaping maintenance (excluding the maintenance of plantings installed by Buyer) 6. Maintenance of the storm water run-off system. There is an additional charge of $9.00 per month for insurance for sunrooms. The amount of $200 shall also be due from each Buyer at closing and shall go towards the cash reserve fund only. This amount is not an association dues payment. What
are the differences between the Series I and Series II designs? Series I Hybrid _______Series II
There are sheets specifically outlining what the upgrades are in the model. Do
you offer any options? Can
I do any work on my own in the townhome while it is under construction? Custom interior work may be done after the closing. No such work will be permitted prior to closing. Exterior modifications must receive design approval from the Heatherfield Owner's Association. Why
is the hot water heater rented? The domestic hot waters are extremely efficient and therefore costly. By renting from Vermont Gas, if there is a problem with them, they will be repaired or replaced by Vermont Gas. The rental fee ranges from $22 to $32 per month, depending on the home design and series. The tanks are initially leased for a three year period and can be upgraded at any time during this period. The homeowner will not have the option of replacing the water heater with one from an outside vendor and having Vermont Gas take back the leased tank/heater until the three year commitment is fulfilled. Is
there a bicycle or recreation path nearby? Yes, there is a paved recreation path connecting Heatherfield to the South Burlington recreation path system. For more details see the City of South Burlington Recreation Department web site at http://www.south-burlington.com/recdept/rec_path.htm or you can call them at 802-846-4108. Do
you have any information concerning the South Burlington school
system? South Burlington is the 5th largest community in the state with a population of 15,814. The following web sites provide some great info on the city: http://www.south-burlington.com/, http://www.virtualvermont.com/towns/southburlington.html. The internet is a great source of information on schools. The South Burlington school district has its own web site at http://www.sbschools.net. Another great independent site is Great Schools. Their web address is http://www.greatschools.net/modperl/browse_school/vt/353. You can also call the South Burlington school district at 802-652-7273
HDI Real Estate is the marketing arm of Homestead Design, Inc. HDI Real Estate sells only Homestead Design, Inc. homes. Agents of Homestead Design and HDI Real Estate represent the interests of the Seller only. Is
there any warranty on our new townhome? Yes, there is a warranty on your new home. You will receive a detailed copy in your new home packet but the basics are as follows: Homestead Design, Inc. covers for one year problems with excavating and backfilling, site drainage, leaks in basement or roof, foundation walls, basement floors, garage floors, interior floors, interior walls, interior trim, exterior siding, exterior trim, roof, doors, windows, cabinets, countertops, plumbing, heating, water, septic, appliances, fireplace, electrical. Please see and be sure to thoroughly review the actual warranty for more detail. What
If I have a house to sell? Homestead Design will not hold a Heatherfield Townhome off the market while you attempt to sell a home. If you have a home to sell, we would be happy to recommend a number of qualified area real estate brokers that could assist you. What
is the relationship between Heatherfield and the Vermont National
Country Club? Vermont National Country Club is offering a Free Social Membership to Heatherfield homeowners. When you purchase at Heatherfield, Vermont National Country Club will waive the $2,700 social membership initiation fee. You are still responsible for the annual dues. This initiation fee may be applied to a full golf membership as well. Social Membership includes:
How
do I know my new townhome will be totally finished before I actually
close? A week before your closing you will have a "walk-through" with Homestead's customer service representative. He will explain many of the features of your new home with you and together inspect the home for items that may have been missed during the final clean up. This one week period gives Homestead time to take care of most punch list items before closing. Can I move any items into the home before I close? Absolutely no items may be moved into any portion of the home, including the garage, before closing. No exceptions will be considered.
Information contained herein is believed to be accurate but is not warranted. |
| Contact: Ron Bouchard, Director of Sales, (802) 878-3303 ext.208 email: ron@homestead-design.com |