Newsletter Volume 10, Issue 2
Properties At A Glance
Hello from Vince
2020—Challenges and Opportunities
It’s hard to believe but we are already halfway through the first quarter of 2020. We are proud to report we are off to a great start this year, since January 1st, we have put 17 houses under contract, that’s just a phenomenal way to start a new year!
We are also in a great position as the spring real estate selling season is just about to get started, we will have more than 15 new homes completed and on the market in the coming weeks. This is important as our realtors continue to tell us housing inventories remain low across the city. The combination of low inventories, low interest rates and a number of our properties hitting the market in the coming weeks is the perfect recipe for success for V2 Properties for the Spring of 2020—and hopefully for the entire year!
With all of that good news, this year will present some challenges for the V2 Properties team as well as the entire Philadelphia real estate market. The most significant change will the changes to the tax abatement, effective January 1st, 2021 the abatement will be reduced to 50% of it’s current value. What will this mean to V2 Properties? We want to get as many building permits approved in 2020 as possible and submit applications for tax abatements this year while the current policy is in place.
Key 2020 Metrics
Vince Viney, Founder & President
Featured project: 1731 W Harper Street
1,580 sq. ft. new construction home with approved 10-year tax abatement. Built by V2 Properties, Philadelphia’s Premier Home Builder. Some spectacular features include a rooftop deck with wet bar on the landing, rear yard, granite kitchen, hardwood floors throughout, great technology and more. Wide trim package through home, elegantly tiled baths, a full 3rd floor master suite spacious closets, and private spa-inspired bathroom. This home also has a finished lower level with tile flooring perfect for a 4th bedroom or 2nd living room. The front facade is brick with a designer standing seam metal sided accent panels and iron railing. The exquisite kitchen which has beautiful cabinets, granite counters, granite island with pendant lighting above, a tile backsplash and quality stainless steel appliances! All of the bathroom vanity counter-tops are granite or quartz. The master bedroom includes a trey ceiling with crown molding illuminated with accent lighting. Tech includes: built in speakers, video doorbell, nest thermostat, alarm system, and full home automation compatibility. Top quality new construction home at a very reasonable price, built by the city's premier home builder! Super low taxes. Also, Builder warranty included by a builder with proven reputation of standing behind their warranty!!
Where Are Our Projects
0In the Pipeline
1Phase 1 - Foundation & Framing
2Phase 2 - Mechanicals & Insulation
3Phase 3 - Final Finishes
4On the Market
On The Market
In The Pipeline