5 Reasons To Consider – or Reconsider – Building

Right now is perhaps the closest thing to the perfect time to build a new home we will ever see. If you have been holding off breaking ground on your new home, it may be time to reconsider your position. Here are the top 5 reasons why we think now is the time to build:

1. Mortgage rates dropped to a near record low, even as recently as this week, but are expected to start moving up again soon. “Experts say it’s time to get a loan now, or end up with a higher rate later…Mortgage professionals believe rates are poised to jump sharply within a few weeks.” (source: http://www.bankrate.com/finance/mortgages/mortgage-rates-drop-to-2010-low.aspx).

2. Home prices continue to fall, but not as drastically. According to CNNMoney.com, while home prices have fallen another 2.5% during the last 3 months of 2009, that was a “big improvement over the past three years.” This means that the trend down may be about to change, and housing prices may be about to start trending up instead of down. (source: http://money.cnn.com/2010/02/23/real_estate/2009_Case-Shiller_report/index.htm)

3. The price of materials will inevitably start to go up as building resumes. CNNMoney.com reports that “Home Depot said it returned to a profit in its fiscal fourth quarter after posting a loss a year earlier, with earnings of 18 cents per share, two cents better than expected.” (source: http://money.cnn.com/2010/02/23/markets/markets_newyork/index.htm)

4. Land prices are at an all-time low.  While this is, of course, specific to your region of the country, in Austin, TX, the general belief is that these prices are only going up from here. “January 2009 was the low point of this cycle…with steady improvement throughout 2009 that continued in January 2010, we can see that we’re one year into the recovery in Austin.” (source: http://www.bizjournals.com/austin/stories/2010/02/15/daily52.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_austin+%28Austin+Business+Journal%29)

5. Tax credits have been extended. “The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.” (source:http://www.federalhousingtaxcredit.com/)

Lake Travis View Highlights Jenkins Custom Homes In Recent Article

Jenkins Custom Homes is named ‘Custom Home Builder of the Year’

Jenkins Custom Homes proudly announced projected earnings in 2009 to exceed those of 2008. Another testament to the homebuilder’s steadfast success, even in the midst of a recession, was made at the Texas Association of Builders Star Awards, where Jenkins Custom Homes was named the 2009 Custom Home Builder of the Year for Texas.

The competition at the Star Awards this year was stiff, with many accomplished homebuilders vying for a chance at the prestigious award. “Our unique Lifestyle Analysis(c) program, an excellent website, and an amazing team were key to our success this year,” said Shan Jenkins, owner of Jenkins Custom Homes.

In addition to winning Custom Builder of the Year, Jenkins took home seven other Star awards, including Best Custom Home and Best Architectural Design. The homebuilder was also named Builder of the Year in 2006, placing it among an elite handful of custom builders in the state of Texas to win the award more than once.

The award goes to the Texas homebuilder who best displays excellence in areas such as design, construction, industry leadership, and community altruism. Jenkins demonstrates all the qualities the Texas Association of Builders seeks in industry and community involvement. Locally, Shan Jenkins serves as President of the Lakeway chapter of the Home Builders Association of Austin. Nationally, Jenkins serves as host to the Custom Builder’s Symposium tour, and is an active member of various homebuilder associations.

Bethany Jenkins, vice president of Jenkins Custom Homes, attributes Jenkins’ victory to community involvement. “We feel that the more you give to your community, the more you receive. The fact that we’ve had such a successful year is partly because we make getting involved a priority.”

Jenkins Custom Homes has been building luxury custom homes in Austin and surrounding areas for more than 15 years. Jenkins’ unique Lifestyle Analysis(c) program sets the homebuilder apart from its competition, and guarantees any project to be within 5% of the original design cost. With over 100 homes constructed, totaling more than $50 million, Jenkins has a solid track record that is now uniquely recognized through the award of Custom Builder of the Year.

Source: http://laketravisview.com/2009/12/11/jenkins-custom-homes-is-named-%E2%80%98custom-home-builder-of-the-year%E2%80%99/

The Best In Luxury Appliances Joins The Best in Luxury Home Building

Perfected through seven decades of use in professional kitchens, Wolf appliances provides the ability to make any dish possible, while Sub-Zero, the innovative leaders in preservation, keeps foods fresher longer – all while consuming less power than a 100 watt light bulb.

You can experience both of these top-of-the-line appliances – hands on and in person – at either of their two Texas showrooms: one in Dallas and the other within walking distance of the Galleria Mall in Houston. These showrooms offer a variety of cooking classes, wine tastings, training seminars, as well as use and care classes.  Just visit http://www.subzero-wolfsc.com/showrooms/ to see a copy of the current schedule, but note that the classes fill up 2-3 months in advance, so plan ahead!

Jenkins Custom Homes, the Best Custom Builder in Texas, has recently partnered with Sub-Zero/Wolf, the best in luxury appliances, giving Jenkins’ clients special attention as well as pricing.  Jenkins clients will have the opportunity to experience private cooking demonstrations with Sub-Zero/Wolf Executive Chef, Garth Blackburn, on the same appliances that they have chosen for their new home.  They will also have the opportunity for in-home use and care demonstrations by Sub-Zero/Wolf after they are in their new custom home.  Jenkins Custom Homes strives to build partnerships with the best in the business in order to deliver the best possible product.  That is just one of the reasons the Texas Association of Builders named Jenkins Custom Homes the “Custom Builder of the Year”, this year and in 2006.  Jenkins & Sub-Zero/Wolf -- a perfect partnership for today’s luxury client.

Watch the video taken in our office this week with Amy Kerr, Territory Manager for Sub-Zero/Wolf.

Construction Proceeds on Applehead Island

Construction is moving along well on the home currently being built by Custom Home Builder, Jenkins Custom Homes, on Applehead Island in Horseshoe Bay.  The home is framed and in the beginning stages of interior plumbing and electrical work.  This home is being built for out-of-town clients who enjoy the beautiful lake setting as well as the many activities Lake LBJ has to offer. Working with the Jenkins team from out of town has been drama-free, as the clients have taken advantage of the Jenkins web-based “Guide to Picture Perfect Projects” Personal Home page to view progress, project documents, and process change orders.  With these conveniences, the clients have only had to travel into town for a few critical-stage meetings.

Construction on this custom home began in the Fall of 2009 with the bulk head and boat house.  Those are continuing, as construction on the home continues as well.

This Week’s Twitter Posts

• I get asked this once a day, so here's the latest housing forecast (good news) for Austin, local experts say – http://shar.es/aRc9p #

This Week’s Twitter Posts

• Is your project on hold waiting for prices to keep falling? It may be time to rethink that strategy: http://bit.ly/66typ7 via @addthis #
• Jenkins Custom Homes is named "Custom Home Builder of the Year" – Lake Travis View: http://bit.ly/7tjz0W #
• Senator sends Congratulations http://bit.ly/5rTPN3 #