March 2008
Volume 1
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Outdoor Amenities are at the Heart of Our Laid-Back Lifestyle
Roasting Marshmallows and Toasting Toes by the Fire at Twin Creeks Pavilion

The amenities of Southcliff make for both memorable and incredibly varied days. Along our six miles of trails which connect all six of our residential neighborhoods, you can join the kids at the Children's Treehouse Village a special park full of fun for them. Later, you meet friends for a picnic at Twin Creeks Pavilion, enjoying an Adirondack chair around the stone fireplace.

When you are feeling more adventurous, grab some sleeping bags and a cooler and spend a night or two at Family Camp! You won't need a tent--the bunk houses will provide the shelter unless you want to sleep under the stars. Hike a little way up the trail to enjoy the views of Mt. Mitchell to the east and Mt. Pisgah to the west from another custom-crafted pavilion.

If the bright lights of the city begin to beckon, take the short, 10 minute drive from the manned gated security of Southcliff to everything downtown Asheville has to offer!
Southcliff Spring Community Showcase
April 19 & 20, 1-5 pm

Visit Southcliff on these dates and tour homes by Biltmore Farms Homes, Longmeadow Homes and see the progress of the Townhome Lodges at Hawk's Branch.

Stop first at the Sales Lodge to meet on site agents, Jill Mire and Pam Snyder. Refreshments will be served and you can view the topo map of the entire Southcliff community.

Other activities for the weekend will be announced soon, including container gardening workshops to add color to your porches and decks! You will also have the opportunity to try out our trails and visit our parks and pavilions--so wear your walking shoes!

We're looking forward to welcoming Spring and your family to Southcliff!
Hawk's Branch Townhome Lodges to be Complete this Summer!

Working with the finest architects and craftsmen, Southcliff is pleased to present this series of townhomes that afford the highest quality in design, livability, luxury and, of course, mountain living.

Within the serene, private confines of our gated community, these Townhome Lodges offer lock-and-go living with generous, open floorplans. Designed with gracious windows and covered porches that capitalize on the scenery that surrounds, the lines where nature begins and ends are purposefully, skillfully blurred.

At an elevation of 2,650 feet the mountain views are captivating. Handsome archtectural design and rich interiors accentuate these upscale mountain retreats. Starting in the upper $600's, these homes offer three bedrooms, three and a half baths, with the master bedroom and two car garage on the main level. Only 14 of these townhome lodges will be offered!
Asheville...An Appalachian Shangri-La
...says Chris Dixon in his 9/30/07 New York Times article "36 Hours in Asheville, NC"
Calling East Owl Creek Home
Longmeadow Homes Builds Houses, but Creates Homes

East Owl Creek is a peaceful neighborhood bordered by East Owl Creek and Reed's Creek. Here, friends and family gather on front porches and lawns to chat and enjoy views of nearby mountain ranges. Surrounding them, lush rhododendron thickets and woodlands roll across the hillside. Hiking trails wind along East Owl Creek, offering short strolls to parks or hikes to enjoy vistas from higher elevations on the mountainside.

The ethos of our developer, The Carolina Group, is to harmoniously weave people and nature in this picturesque community. Longmeadow Homes, lead by partners, Mike Tinsley and Robert Sulaski, creates a home that encompasses the dreams of our clients and nestles into the natural environment and beauty of Southcliff. It's a delicate balance. For some builders, it's a job. To us, it's our calling.

Homes in East Owl Creek range from 2,100 to over 3,100 square feet and home packages are priced from the mid $400's.
Many Homesite Buyers Find Advantages in Equity Strategy Financing Option
Cameron Lewis with Beverly-Hanks Mortgage Services Offers this Advice

When obtaining financing to buy the lot for your new "dream home" make sure you consider all of your options. Sure, a lot loan may be the appropriate program for some borrowers but others may be able to save money by better utilizing the equity they already have in their existing home.

Typically most people are a little shocked at the higher interest rate they must pay on a lot loan. A typical 5/1 Interest-Only lot loan typically runs about 2.00 points higher than that of a 5/1 Interest-Only loan on a primary residence. Additionally, after speaking with their CPAs, most of my clients also learn that the interest on their lot loan is rarely tax deductible. Conversely, the interest on their primary residence is almost always tax deductible. Borrowers also learn that when they obtain a lot loan to purchase land they typically need a down payment for their transaction. A few years later when it is time to build, more money is needed down as a deposit toward their construction loan. Thus, lot loans tend to be costly, poor tax shelters and a vacuum for excess cash.

Now, what if I told you that I knew of a lot financing program that would enable you to obtain 100% financing on your new lot at a tax deductible rate of *5.25%. Sounds too good to be true, right? Let me introduce you to a different way of financing your new homesite: an equity strategy. I have found that most of my clients purchasing lots own their homes and typically have a good deal of equity in them. Additionally, they have fixed rate mortgages at rates of 6.25% or higher. When deciding to purchase a lot, they are planning to build their new home within 3-4 years and plan to sell their existing residence before moving. Imagine how cost/tax/cash effective it would be for those clients to refinance their homes into a 5/1 Interest-Only loan at *5.25% and kick out the cash needed to purchase the lot outright.

1) They are saving 2.00% (roughly) on the cost of the lot by borrowing against their home instead of obtaining a lot loan
2) They are using wise financial planning to lower the interest rate on the amount currently financed on their present home mortgage by over 1.00
3) They are also significantly lowering the tax effective cost of their financing because of the tax deductibility of their primary residence mortgage
4) They are purchasing their lot with cash and will have 100% equity that can be applied as the down payment on their construction loan (assuming they own their lot for one year prior to construction)
5) They have leveraged their purchase with 100% financing and are able to keep their cash invested in CDs, money market account, brokerage account earning interest

Before you buy that new homesite, give me a call. I will be happy to help you determine the most cost-effective way to finance the spot for your new "dream home".

*Rate as of 2/18/2008; subject to qualification.
Beverly-Hanks Mortgage Services also provides 100% lot loans and has other programs for buying lots and financing new construction.



Email Cameron Lewis
Laurel Haven Neighborhood Features Biltmore Farms Homes
Building Homes Healthier for the Environment and Your Family

Biltmore Farms Homes is thrilled to be part of Southcliff and that you may have considered us to build your new home.

In a continuing effort to refine and improve our building procedures while being sensitive to the environment in which we live, Biltmore Farms Homes is a platinum member of the Western North Carolina Green Building Council (www.wncgbc.org) which administers the HealthyBuilt Homes program. This statewide, voluntary green building program examines all aspects of the construction process from site issues, the building envelope, heating and cooling systems, to appliances, lighting and interior air quality.

We are proud to instill environmentally sensitive building practices on all of our homesites. We protect the community grounds with a full-time Certified Inspector of Erosion Control (CISEC) who is dedicated to protecting the water quality and streams in Southcliff as well as the other communities in which we build.

Homes in Laurel Haven begin in the mid $400,000's. Come enjoy the views!!




Custom Homebuilding is Underway
Longmeadow Homes Begins First Estate Home Available for Sale Now

We are pleased to announce that Longmeadow Homes has broken ground on Homesite 505 on the first estate home. This home is available for sale now and features abundant outdoor living spaces from which to enjoy long range mountain views. Designed by local architect, Bruce Johnson, "Eagles Nest" has 3,584 square feet of indoor living area and is listed at $1,376,000. Call or email the Sales Lodge for further information.

Other featured builders who have submitted plans for estate homes on custom homesites are Goforth Builders and Towery Builders. Information on these homes for sale will be available in the very near future.


10 Southcliff Parkway • Fairview, NC 28730 • 866.844.0660

Southcliff is a community developed by The Carolina Group, LLC, and is marketed exclusively by Beverly-Hanks & Associates. All dates, prices, plans and renderings are subject to change without prior notice. These materials shall not constitute an offer or solicitation in any state where prior registration is required. Void where prohibited by law.

 
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