Millennials: Redefining the Ideal Home

Quaint Home with a Big Punch!

When the home is equipped with important trade-offs such as low-E windows, Energy Star-rated appliances & windows and programmable thermostats Millennial homebuyers often prefer a quaint size home in an amenity-packed neighborhood

& surrounding community, over a larger non-energy efficient home. This segment of buyers is more concerned about the long-term ROI & what their home can do for them.

Gone are the days where merely having a spacious bedroom was enough to reel in the masses. The trend of well-planned communities near shopping, dining, entertainment & rec centers is the new normal amongst the Millennial demographic. And with down-payment requirements dropping from 5% to 3% first-time homebuyers are even more inclined to step into the market & make their requests known.

Well, let us be the first to say “We Hear You”! We know that you want an affordable home that doesn’t make you sacrifice quality. The  standard features in our new homes mirror the Millennials’ Must-Haves detailed by the National Association of Home Builders (NAHB).

  • Separate laundry room
  • Linen Closet
  • Walk-In Closet
  • Garage/ Storage Space
  • Energy Efficient Appliances
  • Low-Maintenance Living
  • Bold, Contrasting Home Features

Come See for Yourself. The Model Homes of Hadley Park at Greenbrier are now open.

(757) 410-0087 | hadleypark@dragas.com

1551 Rollesby Way, Chesapeake, VA 23320

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Hadley Park at Greenbrier, Homeowner Tips, New Communities, Tip of the Day | Tagged , , , , | Leave a comment

So you say you want a new home…

Make sure you ask the questions that matter.

Okay, so you’ve decided to stop straddling the homeownership fence & dive into The American Dream. Throughout 2014 you went back & forth trying to decide if you should put your house on the market, move out of your apartment, or just stay put. Now that 2015 is gaining momentum, & Spence Crossing is coming out the ground, it’s time to make your move!

Keeping Current Matters (KCM) is a Housing Market Analytics organization that recently released the top 3 questions potential homebuyers must ask before stepping into the market.

Why in the world am I buying a home in the first place?

Where are home prices headed?

Where are mortgage interest rates headed?

You are the only one who has an answer to the first question.  You have to determine what is the underlying reason for your move. Commonly cited reasons are: looking to move-up into a bigger space, searching for more bang for the buck, or living in a recently emptied nest. Empty-nesters & Millennials alike are looking for a greater more diverse selction of homes to choose from. Due to an increased inventory of homes, home prices have become less competitive (thanks to good ole’ Supply & Demand).

As far as interest rates are concerned, they’re holding at 3.81% for a 30-year fixed loan. Economists are projecting that rate to increase as the year goes on–encouraging people to take advantage of the current rates.

No matter the reason, once you feel the itch to move it may be a sign of Spence Fever or the Dragas Bug. Families who move into Dragas Communities tend to be hooked for life, enjoying the luxury that comes along with well-planned, affordable homes in beautifully landscaped neighborhoods.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, New Communities, Spence Crossing at Princess Anne, Tip of the Day | Tagged , , | Leave a comment

Multigenerational Living: Redefining Normal

We get it.

There’s a new normal when it comes to living arrangements. Gone are the days of the “typical” American household. Stats from the National Association of Home Builders (NAHB) reveal a growing trend in America: multigenerational households.

Nowadays, many households are a mix of a  head-of-household, child, parent, and/or grandchild. These unique needs are changing the way we build homes. We’ve expanded our unique value proposition by constructing homes with downstairs Masters, upstairs laundry, open kitchens, and walkable communities framed by pocket parks & numerous amenities.

We get it. Multigenerational families are in the market for a home that will accommodate all parties involved not just the HOH. Spence Crossing at Princess Anne is our way of saying “We Get It”. We know that a standard home doesn’t fit every family. Spence Crossing will feature 4 very different product types modern & luxury villas, single-family homes, and 3-story townhomes. With countless options, upgrades, elevations, and bathroom/bedroom counts Spence is sure to have the home you and your entire family have been searching for.

Give Spence Crossing a call to see which neighborhood is best for you! (757) 673-6347!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Crofton at Spence Crossing, Fernhill at Spence Crossing, Homeowner Tips, Mallory at Spence Crossing, New Communities, Tip of the Day | Tagged , , , | Leave a comment

Martin Luther King, Jr. – Day of Service

As we sit back & reflect on our great Nation & all of the strides that have been made to realize liberty, justice, & equality for all we’re encouraging everyone to get out & volunteer in the community today.

There are numerous Service Projects going on around Hampton Roads. If you’re looking for a place to serve or an event commemorating Martin Luther King, Jr.’s legacy please click here to find out what’s going on in your area!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Community Involvement, Tip of the Day | Tagged , | Leave a comment

Take a Walk on the Calm Side at Hadley Park at Greenbrier

“Food…Drinks…Floor Plans… Oh, My!”

Ready to move out of your apartment? Or simply just looking for a peaceful, new neighborhood? Come on out to Hadley Park’s Soft Opening this weekend & walk the floor plans of your Dream Home.

  • Private Patios
  • Walk-in Closets
  • Available Downstairs Master
  • Open Concept Kitchen
  • Stainless Steel Appliances
  • 2-3 Bedrooms
  • 2nd floor laundry room
  • Office
  • Low Maintenance Living

There will be a Dragas Mortgage Officer on site from 1p-3p to assist with prequalification & finance questions.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Community Involvement, Dragas Mortgage Company, Hadley Park at Greenbrier, Homeowner Tips, Meet the Dragas Team, New Communities, Tip of the Day | Tagged , , , , , , , | Leave a comment

Winterize Your Wednesday

Welcome to Winter.

The bitter cold temps & winds can be unforgiving on your hands, face…and house. The extreme winter weather often prompts people to pump up the heat & cozy up under a warm vent. We would like to encourage you to instead grab a cozy sweater & read on to learn some quick & easy tips from Popular Mechanics to Winterize Your Home.

1. Don’t Let Father Winter In

The U.S. Department of Energy reports that drafts waste 5%- 30% of your total energy. If you feel a draft coming in through a window or under a door plug it up with a homemade draft snake or a rolled up towel. Keeping that cold air out will keep your heating system from working overtime.

2. What Comes Around Goes Around

You know that funny-looking shaped object hanging from your ceiling? Yes, the ceiling fan! Did you know that you can use it during the winter too. Reverse the fan’s direction to clockwise so that it will pull the air up higher into the room & then push it back down. This can cut back your energy costs 10%!

3. Out of Sight, Out of Mind

Programmable thermostats just may very well be the best thing since sliced bread. On average these devices save families about $180/year. Taking control of the temperature while you’re in the house & having it shut off when you’re not in the house is key to energy-efficiency. Studies show that for every degree you lower your thermostat you’ll save 1%-3% on your heating bill.

Do you have questions about other ways to winterize your home? Stay tuned for next Wednesday’s Winterizing blog.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, Tip of the Day | Tagged , , | Leave a comment

2015 Mortgage Rate Projections

2014 ended with a bang; while mortgage rates were holding at 3.87%, thousands of Americans took advantage & invested in a new home. Now that we’re well into the first month of the year, mortgage rate predictions are being released by the top organizations in the industry.  Fannie Mae, Freddie Mac, MBA, and the National Association of Realtors all agree that mortgage rates are sure to increase as 2015 progresses.

Even if you feel you’re not ready to buy a home just yet, now is the time to take the necessary steps towards homeownership preparedness. Dragas Mortgage Company is on hand to assist with prequalification & financing tips today! Our team of experts will help get you on track to buy a home sooner rather than later.

No need to wait, The American Dream is within reach.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Dragas Mortgage Company, Tip of the Day | Tagged , | Leave a comment

4 Housing Predictions for 2015

Extra! Extra! Read All About It! 2015 is your year.

The Housing Crisis is over– low mortgage rates, the end of the foreclosure crisis, & the construction of new homes are all favorable conditions going into this new year.

Looking to move-up into a home of your own? Head over to dragas.com to see which Dragas Community best suits your lifestyle.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Testimonials, New Communities, Tip of the Day | Tagged , , | Leave a comment

Your Preferences, Our Standards

We build your lifestyle & make it a financially sound investment made of quality materials in the most enviable neighborhoods in Hampton Roads.

Check it out for yourself dragas.com.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Hadley Park at Greenbrier, Homeowner Tips, Kings Pointe at Western Branch, New Communities, Spence Crossing at Princess Anne, Tip of the Day | Tagged , , , , , , | Leave a comment

To Rent or Not to Rent…

Think Long-Term

At first glance renting may seem more attractive than purchasing a home– there’s less commitment, a smaller deposit, & in some cases the monthly rent is less than a mortgage (we’ll get to that last point later). While some of the arguments for rent may have some validity we would like to highlight that buying a home is a long-term investment that promises a much higher ROI.

Take a look at the infographic below to get a better understanding–

Dragas Communities were thoughtfully designed with your peace of mind, in mind. Our monthly mortgages rival the costs of area apartment complexes. At Hadley Park at Greenbrier you can own for as little as $1200/month* & at King’s Pointe for under $800/month*! Which begs the question, why rent when you can own?

Interested? Give us a call for more information*.

HADLEY PARK AT GREENBRIER (757) 410-0087 hadleypark@dragas.com


KING’S POINTE AT WESTERN BRANCH (757) 610-0087  kingspointe@dragas.com

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Hadley Park at Greenbrier, Homeowner Tips, Kings Pointe at Western Branch, New Communities, Tip of the Day | Tagged , , , | Leave a comment

These Resolutions Are Easy to Keep

2015

New Year Resolutions give us a renewed sense of control over life & hope for a healthy, prosperous 365 days. The dawn of a new year often makes us feel like we can change our unwanted nuances & replace them with good habits for a better lifestyle.

If you’re like most, somewhere on your list of Resolutions is a point about “decluttering” or “better housekeeping”. The trick to keeping your house looking like a Dragas Model Home is to recognize your home’s functional space– and use it.

Good Houskeeping put together a list of 25 Cleaning & Organization Tips to help kick 2015 off the right way. So stand with us & resolve to adopt atleast 1 of these nifty cleaning & organization tips.

We’ve selected 3 of our favorite, quirky LifeHacks–

In a few weeks Hadley Park at Greenbrier‘s model homes will open their doors to the public. When you tour these luxury villas be sure to check out the spacious, upstairs storage room that’s set up as a Craft Room– prime example of how to efficiently use multi-functional space.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Hadley Park at Greenbrier, New Communities, Tip of the Day | Tagged , , , , | Leave a comment

2015: The Year of the First-Time Homebuyer

After a 5 year hiatus, people looking to buy their first homes will be making a return to the housing market. Since 2010, the market has been dominated by veteran buyers accustomed to higher mortgage rates & a lack of home inventory. Fast-forward to 2015, and we’re gearing up for a resurgence of first-time homebuyers. These novice buyers are stepping into a promising market of low interest rates & an increased inventory of homes.

Fannie Mae & Freddy Mac have loosened lending standards & are now allowing for a 3% down payment on a mortgage. Loose standards alone are enough to attract even the most apprehensive of buyers– but add to that the production of  trendy neighborhoods and you have the recipe for a first-time homebuyer field day!

According to the Mortgage Bankers Association, new home sales will see a 13% increase next year & existing home sales are expected to increase by 5%– good news for both buyers & sellers.  To top it all off mortgage rates are sitting in the low 4% and aren’t expected to exceed past 4.75% next year.

So where do we come in,  you ask? We’re ramping up production in the hottest parts of Hampton Roads to bring you a well-planned community with countless amenities, floor plans, & product types.  With Spence Crossing at Princess Anne, Hadley Park at Greenbrier, & King’s Pointe at Western Branch in the works we can assure you that we have a home to fit your lifestyle. Check them out here.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Crofton at Spence Crossing, Fernhill at Spence Crossing, Hallstead at Spence Crossing, Homeowner Tips, Kings Pointe at Western Branch, Mallory at Spence Crossing, New Communities, Spence Crossing at Princess Anne, Tip of the Day | Tagged , , , , , , , , | Leave a comment

King’s Pointe at Western Branch

Live Like Royalty.

Affordable Luxury conveniently located  off of I-664, in biking distance of Chesapeake Square Shopping Center and the family YMCA.

King’s Pointe at Western Branch has 5 different floor plans to choose from including single-level and 2-story living! This heavily sought out area of Western Branch is tucked away & borders a calming natural preservation area. With homes starting in the $100′s* you could OWN for less than you’re probably paying in rent.

Give Lauren or Kelly a call today for a tour & more information on this popular Dragas Community.

(757) 606-2999 |  kingspointe@dragas.com

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Kings Pointe at Western Branch, New Communities, Tip of the Day | Tagged , , , , , | Leave a comment

Fernhill at Spence Crossing: The Bedford

Welcome to Comfort.

2 Master Suites.  2.5 Baths. Open, Airy Living Space.

Fernhill will be the second neighborhood to open in Spence Crossing at Princess Anne.  These modern villas boasts contemporary features throughout & seamlessly master the artful balance of modern design & ergonomic living. Entertaining is easy in the state-of-the-art kitchen with stainless steel appliances & a welcoming bar counter. The floor-to-ceiling glass patio doors give way to loads of sunshine beaming into the kitchen & living room (which is not a bad way to start your day).

To top it all off, as a Fernhill homeowner you’ll have convenient recreational living at your doorstep. The happenings of the community center, pool, basketball court, fitness center & even the calm in the pocket parks are all at your disposal.

Want more Fernhill? Head over to dragas.com for more details.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Fernhill at Spence Crossing, Homeowner Tips, New Communities, Tip of the Day | Tagged , , | Leave a comment

Happy Holidays from The Dragas Companies

From all of us here at The Dragas Companies, we’d like to wish you and yours the happiest of holidays. Enjoy this festive time spent with family & friends. Have fun & be merry!

The Dragas Companies’ offices will be closed Dec. 25 & Dec. 26. We will reopen on Monday, Dec. 29 at 8:00am.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Kings Pointe at Western Branch | Tagged | Leave a comment

Unwrap Luxury at King’s Pointe at Western Branch

Unwrap a gift everyone can enjoy this season! A new home from King’s Pointe at Western Branch for under $800/month* is the perfect way to wrap up the end of a great year.

King’s Pointe is tucked away in a private section of Chesapeake bordering a natural preservation area.  This secluded neighborhood boasts privacy & close-to-it-all convenience with the shopping, dining, & entertainment of Chesapeake Square a short bike ride away.

With 5 floor plans to choose from– including a downstairs Master Suite & even Garden Flats– King’s Pointe is sure to check every box on your New Home Wish List.

dragas.com

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, Kings Pointe at Western Branch, New Communities, Tip of the Day | Tagged , | Leave a comment

A Profile of the Typical First-Time Homebuyer

The National Association of Realtors 2014 Profile of Home Buyers & Sellers detailed the characteristics of the first-time homebuyer. Age, Marital Status, & Household Income were the three main attributes used to determine these stats.

Keeping in mind that this is a profile, it’s not all-inclusive or explicit. Homes have certainly been purchased by people younger than 28 with different incomes. The bottom line is that  homeownership is not out of the realm of possibility for you. So what are you waiting for? Contact Dragas Mortgage Company today!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Dragas Mortgage Company, Homeowner Tips, Tip of the Day | Tagged , | Leave a comment

Holiday Vacation or Staycation

With the holidays upon us, you may be looking to take a vacation or a stay-cation. Here are our top picks for the perfect mini-getaway–

Manassas, VA

Fill up the tank and take a road trip to Manassas, VA– the perfect balance of big-city heart & small-city charm. Experience the sights & sounds of the season on one of the free horse-drawn carriages in Olde Town; your family & friends will enjoy the hot chocolate and warm cider as you tour the quaint village. After your carriage ride venture over to Harris Pavilion for a night of ice-skating.

Portsmouth, VA

The Portsmouth Arts & Cultural Center is the best kept secret in the area. Bring your family & friends out to enjoy the face painting, cookie decorating, & Santa-filled festivities! These all day events will kick-off at 9:00am tomorrow & roll on through Sunday.

Virginia Beach, VA

If you are a resident of Hampton Roads (or a Wintertime visitor) you know that you can never count out a classic. The Holiday Lights at The Beach is at it again this year, with hundreds of twinkling displays & an accompanying soundtrack; your family trip to the North Pole is only about 20 minutes away! Hunt Club Farm is also getting in on the fun by having nightly visits from Santa, s’mores around the campfire, hot apple cider, crafts, & Holiday lights!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Tip of the Day | Tagged , , , | Leave a comment

The Dragas Companies’ Service Awards

This year The Dragas Companies’ Holiday Party was held in the warm, welcoming Community Center at Spence Crossing Apartments. The Clubhouse was decked out with stockings hanging by the cozy fireplace, frosted windows, & trays of smiling snowmen. Our President, Helen Dragas, recognized a few of the newest & more seasoned members of the Dragas Companies family, who have all reached major milestones in their tenure with the company.

Our current VP of Sales and Marketing, Sally Horvath, was recognized for reaching the 15-year Mile Marker with The Dragas Companies. Sally started out with Dragas Mortgage Company & eventually transitioned over to the Dragas Management side, where she’s been doing a stellar job  generating interests & awareness of our communities through countless marketing & promotional efforts.

Phyllis Dunn, was recognized for reaching her 30 year milestone with The Dragas Companies. For 30 years Phyllis served as Property Manager of Columbus Station Apartments in Town Center. Under her leadership CSA has seen decades of growth & happy residents. Phyllis is now one of the Crofton at Spence Crossing agents– working alongside Katie to spread Spence Fever!

David Buckley has been with The Dragas Companies for 25 years! Buckley has worn numerous hats during his tenure with us. He’s currently the Property Manager of the Community Center at Spence Crossing at Princess Anne. At the corner of Lynnhaven Pkwy & Salem Rd stands the first Crofton buildings & if you look a little further into the lot you’ll see The Spence Crossing Community Center standing tall. Thank you David for all you’ve done to make this company & our communities what they are today!

Other Noteworthy Dragas Service Award Honorees:

Jennifer Kibbler| 5 Years|

Operations Manager & Marketing Specialist of Columbus Station

Peter Erikson |10 Years|

Current Project Manager of Spence Crossing Apartments

Joe Drumm |15 years|

Maintenance at Columbus Station Apartments

Kelly Nicholson | 15 Years|

King’s Pointe at Western Branch Sales Agent

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Dragas Mortgage Company, Kings Pointe at Western Branch, Meet the Dragas Team, Spence Crossing at Princess Anne, The Apartments at Spence Crossing, Tip of the Day | Tagged , , , , , | Leave a comment

Millennials: The Next Generation of Homeownership

Now that a large percentage of Generation X & Y-ers have started families and settled down into their homes, there’s a new generation rising up in the housing market: Millennials (persons born between 1979 & 1994). This tech-savvy group has generally opted to delay homeownership and instead pursue degrees & professional occupations while saving & living with parents or renting with friends. For years this demographic was underrepresented in homebuying stats & figures, but that trend is set to be reversed in 2015—with the onset of 2.75 million jobs.

“Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015 millennials will become the largest home-buying age group. The lack of home-buying activity from millennials thus far is decidedly not because this generation isn’t interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home. As this generation matures, they will become a home-buying force to be reckoned with.”    –KCM

For 45+ years we’ve specialized in making the American Dream of homeownership a reality for first-time & novice homebuyers. Our numerous floor layouts are perfect for roommates, singles, families, & even empty-nesters.  If you’re stuck in the renting runt or just ready to move-up into a well-planned Dragas Community, poke around dragas.com to see which neighborhood best suits your lifestyle!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, Tip of the Day | Tagged , | Leave a comment

Home for the Holidays

Think Fast! What’s the #1 Request this Holiday Season?

It’s not a Zoomer Pet, an iPhone 6 Plus, or even a curved 78″ TV that’s topping out Wish Lists this season. Instead, it’s a more intrinsic request of a spacious home that will suit the needs of a growing family or close-knit roommates. As the economy & the housing market continue to improve those chart-topping items will turn into tangible realities. The  infographic below displays the growing trend of home sales increasing dramatically in every price range <100,000+. As lending requirements get less & less strict and interest rates hold at low percentages, homeownerhsip has become much more feasible.

Spence Crossing at Princess Anne, King’s Pointe at Western Branch, & Hadley Park at Greenbrier could not be coming on line at a better time. The conditions of the market & the availability of our brand new neighborhoods culminate to make The Perfect Holiday gift for you & the ones who mean the most.

Bottom Line? No matter the style of home you’re looking for, you can find it in a Dragas Community. From apartment to single-family home (& numerous styles in between) you can rest assured that we can grant at least one of the wishes on your List this year.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Hadley Park at Greenbrier, Kings Pointe at Western Branch, New Communities, Spence Crossing at Princess Anne, The Apartments at Spence Crossing, Tip of the Day | Tagged , , , , | Leave a comment

Fernhill at Spence Crossing – The Sumner Floor Plan

2 Beds | 2.5 Baths | Private Patio | Open-Concept Kitchen

Fernhill. Finally the home you’ve been searching for.

Not too big, not too small– the perfect blend of useful space & contemporary features. The Sumner is ideal for those who are looking to move-up from Apartment living or downsize from an oversized single-family home. This home boasts the absolute best in modern conveniences; from open-concept kitchens & living rooms to private patios and front-loading washer and dryer units. The Sumner model comes complete with a 2nd floor office and 2 Master Suites with private bathrooms.

The outside of your home will be just as attractive; Fernhill has all of the niceties of homeownership without the hassle of exterior upkeep.

At Fernhill at Spence Crossing, owning a home has never been more comfortable.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Fernhill at Spence Crossing, Homeowner Tips, New Communities, Tip of the Day | Tagged , , | Leave a comment

Making the Season a Little Brighter

After a week of “Elf-ing” around, our team came together & stuffed festive Toyboxes for the families of ForKids, Inc. Nostalgia settled in as we reminisced on childhood memories made with Easy Bake Ovens, firetrucks, and those green Ninja Turtles. Our hope is that the children of this award-winning organization will one day stand where we stand as they think back on the good times they had with these toys.

We are more than pleased to have been a part of the ForKids Holiday Toy Drive . Thank you to every one who helped us to make this season just a little bit jollier for kids & families around Hampton Roads.

It’s not too late to donate toys! There are numerous toy drives taking place throughout Hampton Roads. Contact a local shelter, nonprofit organization, or mentorship program to see how you can help.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Community Involvement | Tagged , , , | Leave a comment

Having Trouble Saving? Buy a Home!

Let’s admit it, you’ve disciplined yourself the past few months to save save save & now that the holidays are here, you’ve found yourself tapping your savings accounts a little more than usual. This time of year often causes the savviest of shoppers to ponder their 2015 savings plan– especially if they’re wanting to buy a new home. So the question is how can one afford a home in the long run, if saving for the principle is proving to be a slight challenge.

The real estate experts at VARBUZZ detail the tendency of mortgage payments forcing you to save money as you pay the monthly principal.

Rent vs. buy arguments normally focus on the monthly payments, and the buying cost is a function of the monthly mortgage payment as well as escrows (insurance and property taxes).

But the mortgage payment comprises an interest component and a principal component, and the way the payments are split between interest and reduction of principal (the total amount borrowed) changes over time. In general, more interest is paid at the beginning of the mortgage. The longer you have the loan, the greater the share of your payments that is going to pay it down.

The payment of principal as the loan ages is, therefore, a forced savings plan whose deposits are growing—without any more being taken out of your pocket.

So you see a forced-savings plan ultimately sets aside money that can be used to pay down your principal. Looking for more information on a forced-savings plan? Contact Dragas Mortgage Company today!

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, Tip of the Day | Tagged , , , | Leave a comment

The Gift of Homeownership

King’s Pointe at Western Branch.

Bordered by a wooded, natural preservation area just off I-664, King’s Pointe offers the perfect balance of secluded privacy & close-to-it-all convenience. Here you can find a wide array of floor plans & two very different style of homes.

The King’s Pointe Flats offer the convenience of one-level living, while the King’s Pointe Quads give you the flexibility of 2 floors. 2 & 3 bedroom floor plans with open-concept kitchens, bar counters, private patios, and complementary amenities culminate to make King’s Pointe the neighborhood of choice for any one looking to Live Like Royalty.

Share and Enjoy:
  • Digg
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Ping.fm
  • Facebook
  • Twitter
  • LinkedIn
  • FriendFeed
  • MySpace
  • Mixx
  • Google Bookmarks
  • Print
Posted in Homeowner Tips, Kings Pointe at Western Branch, New Communities, Tip of the Day | Tagged , , , , , , | Leave a comment