Newsletter Volume 10, Issue 7
Properties At A Glance
Looking Forward to the 3rd & 4th Quarters—2020
Much more to accomplish in 2020
It’s hard to believe we are already into the second half of 2020. I think just about everyone would agree the first half of 2020 is one we are happy to put behind us, with that being stated we are looking forward to a challenging and very productive 2nd half of 2020.
We are already off to a good start, over the past 30 days we put another eleven houses under contract and leased out three of our rental units. We are getting close to putting a few more houses under contract as well.
The real estate market continues it’s strong recovery since the shutdown ended. As everyone knows, interest rates remain at an all time low and housing inventories remain very low as well. There are definitely a lot of people looking for new homes and we are in a great position to capitalize on the demand for housing in the second half of the year.
While we are excited about the opportunities in front of us, we know there will be challenges ahead. We are all still dealing with the daily impacts of the COVID crisis and how that will impact us as a society in the coming months.
There are also changes coming to the Philadelphia tax abatement process which are still scheduled to be implemented in January 2021. We are working hard to get as many building permits approved by the city in 2020 as possible which will allow our future home buyers to take advantage of the full current tax abatement structure.
Vince Viney, Founder and President
Featured project: 2444 Ingersoll Street
1,900 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