Meet your new home builder and the team

David Kinnett and Robert Scanlan Co-Founders

David Kinnett and Robert Scanlan
Co-Founders

If you’re considering a Miraval home, you may want to know more about your new home builder and the team behind the design and planning! 

Miraval at Mesa Verde was created when leaders in the real estate, design and development industries came together. A unique and talented team was created and with that came the truly individual and modern communities of Miraval. 

We would like to introduce you to our hard-working team who make it all happen and provide you with the new construction home of your dreams. 

Pinnacle Residential – Developer/builder

Robert Scanlan and David Kinnett, co-founders and principles of Pinnacle Residential come together to develop unique communities that are contemporary yet timeless. With more than 50 years of experience in residential development, their team thinks different to create innovatively and creatively. 

Collective Housing Supply Co. – Co-creator/developer

Pete Zehnder from Collective Housing Supply Co. has an exceptional track record for creating quality developments with a diverse range of ideas and inspiration. 

Torelli Realty – Mesa Verde’s premier realtor 

Valerie Torelli has specialized in helping clients buy and sell homes in Mesa Verde for the past 30 years. She was the obvious choice to represent Miraval homes as she has closed escrow on more than 2,000 homes and is the top agent in the area. 

Dahlin Group – Architecture/planning 

Dahlin Group’s team of Nancy Keenan, Chris Fernandez and Ryan White create unique and stunning designs that give a nod contemporary trends in a way that will last for years to come. They bring mid-century and modern design influences to the table, and help to make each Miraval home have an exclusive wow factor. 

Our friendly team would love to work with you and help you become part of the Miraval community. If you would like to find out more about how you could own a Miraval home, or if you have more questions about our team, please get in touch

Interior design tips for mid-century modern homes

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“Mid-century modern” was an architecture, interior and industrial design movement that was in place in the States around the middle of the 20thcentury. Sleek and timeless, mid-century modern is quite rightly considered a classic look, to the extent that it is still emulated and referenced in new homes built today. In fact, many contemporary housebuilders are influenced by the mid-century modern style and it is becoming increasingly common to find mid-century modern homes for sale. In this blog we’ll be giving a few interior design tips to complement mid-century modern homes.

You may want to go full-on mid-century modern with every piece of furniture, lamp and ornament in the room, but in fact one of the advantages of the style is that the simple and organic shapes blend in very well with pieces from other styles or periods; mid-century modern rarely clashes with other pieces.  

You can be as conservative or bold with color as you choose – the mid-century modern style encapsulated colors from across the spectrum, and varied throughout the period. Bright reds and other colors were popular in the Fifties, but by the Sixties more muted, earthy colors and pastels became more popular. Choose the palette that best suits your tastes. It often makes sense to stick to a more limited range of colors in any one room, but at the same time the simplicity of mid-century modern lends itself to a little more boldness, for example a room mostly done out in pastel colors but with a bright pop of color – a bright red lamp, say – in one corner.

Another benefit of mid-century modern spaces – again, due to the simplicity of the designs – is that they lend themselves to accessorizing. Obviously you will want to avoid clutter – there’s no point in choosing a mid-century modern style home then cluttering it up with unnecessary stuff! That said, classy accessories such as plants, floor pillows, rocks or stylish candlestick holders can successfully accessorize this type of home design.

A final tip for mid-century modern style interior design is to incorporate furniture of varying heights. For example, you can opt to have a low sofa and a low coffee table, but counter this by incorporating a tall credenza and an arc lamp to provide contrast and complete the space.

Here at Miraval at Mesa Verde we pride ourselves on having designed and built contemporary homes influenced by mid-century modern designs, particularly those found in Santa Barbara and coastal Southern California. Our innovative but timeless home designs have won a prestigious National Association of Homebuilders Gold Award for Best Architectural Design in its class Nationwide for 2017, as well as an award for Best Architectural Design of a Detached Home priced $1.25 Million to $2 Million at the 2016 SoCal Awards.

Our mid-century modern homes for sale at Miraval at Mesa Verde represent our passion for creating high-quality homes that are the pinnacle of architectural and design excellence. Contact us todayto discuss the opportunity to own a beautiful luxury home on phase two of our Miraval development at Mesa Verde.

Buying a new home – how to spot a real estate bubble

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When it comes to buying a new home, there are many factors that will influence when you buy, the type of property, and the location in which you choose to purchase. One factor which people don’t always consider when buying a new home, however, is whether there is a real estate bubble in place. A bubble is when property prices are artificially inflated for any of a number of reasons, and this carries the risk that when conditions change the value of properties can fall rapidly, potentially resulting in negative equity and, in extreme cases, foreclosures. Property bubbles can be national in nature – caused by broader economic conditions – but they can also be localized. Here are some of the warning signs that the real estate market may be entering a bubble or prone to a crash.

1.     Look out for shaky loans– Loose lending practices in the past have included interest-only loans and adjustable-rate mortgages which borrowers may not be able to afford if interest rates go up. These and other forms of so-called subprime lending were prime factors behind the 2008 housing crash and subsequent global financial crisis. While lenders have almost universally tightened up lending practices in the years since, it still pays to keep an eye on a rise in more “creative” lending products and practices as a sign of a pending bubble.

2.     Decreasing down payments– Simply put, the more money you put down as a percentage of the purchase price when buying a new home, the smaller the risk to the mortgage lender in the event that either housing values crash or the borrower can’t keep up with the repayments. Conversely, smaller deposits equal higher risk. If the real estate market shifts to homebuyers putting down smaller down payments, it could be a sign of an approaching bubble.

3.     Cost of living outstripping salaries – Real estate bubbles can occur when living expenses start rising faster than salaries. Where runaway price inflation outstrips wage growth, there is the potential for a real estate bubble and subsequent crash. This can be particularly evident in fast-growing cities.

4.     Flipping and real estate investment– At times and in locations where a lot of people are buying property to renovate and flip, or are purchasing a new home for saleto lease out rather than live in, that can have a big effect on driving up house prices and creating a real estate bubble. Once again, widespread house flipping and investment purchases were the norm in the years leading up to the 2008 property crash.

5.     Rising interest rates – Lower interest rates make mortgages more affordable for would-be homebuyers, and help keep real estate market demand high. Rising interest rates, on the other hand, cause housing demand to fall, sinking the housing market and potentially signaling the end of a property market boom.

While most experts agree that we aren’t currently in too much danger of a national property bubble – interest rates are still relatively low and tighter lending practices in the past few years have acted as a brake to higher-risk lending – it’s still worth keeping an eye out for the factors outlined above before making a decision to buy a new home for sale.

Mortgage basics – how to qualify for a new home

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Buying a new home for the first time can be a fantastic adventure and the start of an exciting new chapter in your life – but it can also be quiet a daunting prospect. Dealing with realtors and attorneys can be intimidating if you’ve never done it before, not to mention the question of whether you will even qualify for a new home. The truth is that the process of getting a mortgage and buying a home can be quite straightforward, but it can pay to do your homework in advance.

The first stage in getting a mortgage is to review your credit report. Your credit score is one of the main factors in determining whether you qualify for a new home, in terms of both whether you will be able to get a mortgage and how much you will actually be able to borrow. A high credit score, for example over 700, will make lenders see you as a lower-risk borrower, and this can open up both the number of lenders and the number of mortgage deals available to you. A lower credit score might not stop you getting a mortgage, but it may limit the lenders and deals that you will be able to choose from.

There are three major credit reporting companies in the States: Equifax, Transunion and Experian. As well as providing a credit score, your credit report will include details of any current and past debts and credit commitments. It’s important to check your credit report for any errors or disputed debts. Errors can affect your credit score, but the good news is that you can write to the credit reporting company or the business that reported the debt to have the error corrected.

Part of the process of applying for a mortgage involves the lender assessing your income to ensure you can afford the mortgage amount you’ve applied for. Typically they will want to see your two most recent paycheck stubs and your past two years’ worth of income tax returns, as well as your past two months’ bank account statements. You will also be asked for documentation for any other form of declared income, such as commissions, investments or alimony payments.

There is a lot of choice in the mortgage market, and it’s a good idea to do a bit of research to decide what your best options are. Will you opt for a fixed interest rate or variable? How many years do you want to take the mortgage over? There are also more specialized types of mortgages aimed at specific profiles of customer. For example, armed forces veterans may qualify for a VA loan, a mortgage with no down payment and typically a lower interest rate than many standard mortgages. If you are on a lower income or have a less than perfect credit score, then you may qualify for an FHA insured loan to help you qualify for a new home.

When it comes to looking for a mortgage, you can either approach lenders directly, or use a mortgage broker who has access to multiple lenders and deals. If you are buying a newly built property, you should be aware that most homebuilders have preferred lenders. Once you have chosen a lender, you can apply to be pre-approved for a mortgage. Once you have your pre-approval letter, this can be submitted with your purchase and sale offer, demonstrating to the seller that you have the financial backing to buy the property.

And that’s pretty much it! If you’re looking for new homes for sale and perhaps wondering whether you will even qualify for a new home, don’t panic. Take your time to do your homework and to make the choices that will be best for you in the long run, and you’ll be well on the path to new home ownership.

Are you looking for a multigenerational new home?

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According to figures from the Pew Research Center, around 51 million Americans live in a home with at least two adult generations, or a grandparent and at least one other generation. There can be any number of reasons why multiple generations of families might choose to live together – it may be for financial reasons, driven by an event such as a job loss or house foreclosure. Or it may simply be driven by a desire to live as a closer extended family unit. Whatever the reason behind it, this type of arrangement is often referred to as multigenerational living, and is becoming an increasingly important consideration when people are looking to buy a new home.

The reasons for multigenerational living have also shifted over the years. While in the past it would have been more likely to be the older generation’s financial position that necessitated moving in with younger relations, today it is more likely to be the younger generation struggling to keep up with the modern costs of living and home ownership. According to a 2012 survey by a national home builder, 32 percent of adult children expect to end up sharing their house with a parent.

While it’s true that financial necessity is often the driver for multigenerational living, many families find there are many emotional and practical advantages in multiple generations living in the same house. That might take the form of built-in elder care or child care, or simply more hands to help out with cooking or other household chores.

Some housebuilders have begun to specifically make provisions for multigenerational living in their plans for new developments. It is becoming more common for a new home for sale to have features such as two master bedrooms, a downstairs room that can be converted into a guest room, or other flexible floorplans that can be utilized to adapt to changing family needs.

The new homes for sale in our development at Miraval at Mesa Verde have floorplans that feature a full-sized master bedroom on the first floor, ideal for an extended family with elderly parents. From the creators of the award-winning communities of Collective, Westreef and Miraval in Costa Mesa, phase two of our Miraval at Mesa Verde development offer spacious single-family houses designed for a contemporary coastal California lifestyle ideal for an extended family.

If you are looking to buy a new home for multigenerational living, Miraval at Mesa Verde offers a range of attractive features for any potential homebuyer. Our original Miraval community sold all of its units quickly, and was awarded the National Association of Homebuilders Gold Award for Best Architectural Design in its class Nationwide for 2017. 

Taking contemporary design influences from local coastal Southern California, Miraval brings exceptional attention to detail to every new home for sale in our development. We pride ourselves on the fact that we don’t just build homes, we build vibrant, family-friendly communities. For more information regarding sales, please call or text our realtor Valerie Torelli on 714-313-3241.

5 Top Buying Tips for a New Construction Home

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While there are some similarities with buying an existing property, purchasing a new construction home does have its own unique aspects and challenges. If you’re looking for a modern build in Orange County, for example, you are going to be limited to areas where these homes are being built in the first place. 

1.    Our first advice when thinking of buying a new construction home is to do your research as fully as possible. That’s not just finding out about the industry but also looking in detail at any community you want to move into. 

2.    Having a good level of knowledge and educating yourself, will reduce the chances of things going wrong and will save you money in the long term. We also advise researching the builder, including any subcontractors they may work with. 

3.    Unless you have the money already in the bank, you are going to need to organize a lender for your new property purchase. It’s not a question of settling for the first one you come across and who agrees to lend you a mortgage. It’s down to the best deal you can get. Shop around for a partner who really delivers what you need and be prepared to take your time. 

4.    What comes next once you have chosen your ideal property and community? There now follows the negotiation – what you are going to get for your hard earned or borrowed cash. That’s why it’s always a good idea to have a competent realtor on your side, no matter how great the new construction home looks from the outside. 

5.    Finally, you need to ensure that everything is in writing and that you read those documents carefully and get a lawyer to go through them for you. The last thing you want to find is that you are put at a disadvantage because of some missed or misunderstood small print. 

If you’re looking for a new construction home in Orange County, be certain to check out the Miraval community currently being built in Mesa Verde. Contact us today to find out more. 

 

 

 

 

Don’t Make These Mistakes When Buying a New Construction Home

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Buying a modern house is a big investment and you want to get it right first time. Not only would you like to live in a great community but you also need a new construction home that fits your requirements.  

It’s easy to get caught up with unimportant things when your home is developing right before your eyes. The problem is that you must stay focused and make sure all the relevant boxes are ticked. That includes ensuring you get the right advice and have your new home inspected. 

Do You Need an Estate Agent?

Buying a new construction home makes many people think an estate agent isn’t needed. They depend more on the sales agent without considering their options. A realtor will work for you, not necessarily for their commission, which is why you should always be using one from the get go. 

Carrying Out Research

Any modern house development can look highly attractive from the outside. That shouldn’t prevent you from doing your homework on the builders though – check if any court cases are pending and look at licenses, bonds and sub-contractors to be on the safe side. 

Find Out What You’re Really Buying

Many new construction home companies will add on extras for a premium price – in other words you have to pay if you want certain amenities. Before you sign any contract, you should check what’s included in the price and what isn’t. List everything in detail and do a thorough check. In other words, assume nothing. 

Have an Inspection

Just because it’s a modern house, doesn’t mean you shouldn’t have an inspection. In fact, precisely because it’s a new build you will want to make sure that everything works perfectly. 

Read the Fine Print

Any contract can stretch into many pages and the temptation is to glance over it and sign. Always make sure you read those terms and conditions as closely as possible – any contract is there to protect the builder more than the buyer and you don’t want to put yourself at a disadvantage from day one. 

At Miraval in Mesa Verde, we understand that our customers are looking for the right place to settle down. That’s why we’ve created a beautiful and harmonious community for the more discerning modern house buyer. Contact us to find out more.

Buying a New Construction Home? Here’s What You Need to Know

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There are several advantages in looking at new construction homes, not the least of which is hopefully bypassing  the maintenance and refurbishment issues that come with older properties. 

At Miraval, a custom home builder that believes in covering all the bases for our buyers, we’re providing a location and property that ticks all the right boxes. 

One thing you need to look at when buying a modern home is how a new construction business includes its features. Are they standard or do they come at a premium price? On our Mesa Verde site, all our properties come with modern interiors and the amenities you expect from a premium builder. 

Even if you’re buying a brand new property, you’ll want to get the best price from a custom home builder. It’s a good idea to check if they offer special deals or incentives if you, for example, using a certain title company or lender. 

Another avenue you will want to explore carefully is the warranty that comes with new construction homes. The last thing you want is the warranty running out when you most need it or not really covering what you thought it did. Checking over the conditions and what the warranty applies to in the home is important. 

You will also want to understand how the community is going to develop around you. At Miraval, it’s not just about building beautiful homes, we’re also focused on creating an exclusive community that means something to the people who live there. 

When you’re looking at an area with new construction homes, keeping these things in mind is important. At Miraval’s Mesa Verde, we combine modern construction with timeless design, bringing together all the amenities you could wish for. Mix that with our exclusive community and the perfect location, and you have a custom home that fulfills all your dreams. 

Contact us today to find out more.