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vidyabhi

why is Telfair so expensive

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I purchased in the "itching for suburban decay". I already met a few of the neighbors on my street. Nice people with similar backgrounds and professions. My house will be completed by Sept./Oct. I see it becoming another Avalon in 10 years.

Decay usually happens in starter home communities. There aren't any starter homes in Telfair with prices ~$300K to $1.2M+. It is close to everything in Sugar Land.

Even now I still don't see the draw of it. The neighborhood looks very typical, just itching for suburban decay to take over in ten years.

Houston has too many of these, and Telfair, even the name itself, seems boring and plain.

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Decay usually happens in starter home communities. There aren't any starter homes in Telfair with prices ~$300K to $1.2M+. It is close to everything in Sugar Land.

Key word is usually. Location comes in to play as well as average neighborhood home price and neighborhood layout when helping to determine which neighborhoods will ultimately be the victims of suburban decay.

Because of three factors, I too think Telfair will prosper in 10 years. Much more so than say, Riverstone. The only thing that could hurt Telfair is the impending Sugar Mill community development adjacent to it on US90 at SH6. If it is developed as has been talked about during its initial charrettes, then it will ultimately pull homeowners from Telfair.

Edited by Jeebus

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Even now I still don't see the draw of it. The neighborhood looks very typical, just itching for suburban decay to take over in ten years.

Houston has too many of these, and Telfair, even the name itself, seems boring and plain.

Wasnt Telfair a group or something from the 60s-70s ... had that weird synthersizer sound.

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Wasnt Telfair a group or something from the 60s-70s ... had that weird synthersizer sound.

The subdivision is named for one of the public park/squares in Savannah, Georgia. Savannah is considered one of the best designed cities in the world because of its devotion to lots of public green space. There is no mistake why the developer chose the name.

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Telfair is comming along nicely, but is experiencing some slow down like the rest of the market which should be totally expected. For the area you are looking in around Hwy 59 and Hwy 6, that is First Colony. I live in one of the older sections of that area now, its great and convenient. Hard to find a place less than 3 years old. Some homes in Telfair are already turning 2. Look into Greatwood if you dont mind the extra commute. Also Englewood Place, Colony Cove, Colony Meadows, and Edgewater. These are a little older neighborhoods but they are well maintained and hold thier value with consistent and steady appreciation. Personally Ive been looking to buy something in Edgewater on the lake. Water lots are a premium these day. I specialize in First Colony if you have any questions.

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Name some of the other places nearby where you saw similar housing for less. Then we could possibly tell you why.

I can tell you from my initial outlook, that the prices seem on par with other developments around.

I am also looking at Telfair as well. Does anyone know what kind of discounts these builders are giving...especially Newmark Homes and Trendmaker??

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Best thing is to go visit each section and ask. It also depends on the section too. Because of brisk sales in Telfair, I noticed that several builders raised prices on June 1. Lots of people are relocating to the Sugar Land Area. Fluor, Schelumberger, etc. are hiring a lot of people.

I am also looking at Telfair as well. Does anyone know what kind of discounts these builders are giving...especially Newmark Homes and Trendmaker??

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Best thing is to go visit each section and ask. It also depends on the section too. Because of brisk sales in Telfair, I noticed that several builders raised prices on June 1. Lots of people are relocating to the Sugar Land Area. Fluor, Schelumberger, etc. are hiring a lot of people.

I visited all the builders and it seems like every builder was willing to work with me....except for Trendmaker Homes. They pretty much said take it or leave it. Are their homes that good? Trendmaker Homes also has the worse lots of the whole development....power lines galore! I cant believe a city such a Sugarland would allow a development like Telfair to be developed like that. Does anyone have any ideas on what a typical and/or good discount is for Trendmaker?

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I think a great way to get a good deal is to work with a Realtor. We know what builders are willing to do. Also, if you aren't too "hard to work with" I usually pass part of my commission and all of any bonuses I receive. Most people think they can do better on their own, but it typically isn't true. Realtor commissions usually come out of a builders marketing budget and don't affect the price you pay. Find someone you like and who knows the area, and they'll get you a good deal.

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I think a great way to get a good deal is to work with a Realtor. We know what builders are willing to do. Also, if you aren't too "hard to work with" I usually pass part of my commission and all of any bonuses I receive. Most people think they can do better on their own, but it typically isn't true. Realtor commissions usually come out of a builders marketing budget and don't affect the price you pay. Find someone you like and who knows the area, and they'll get you a good deal.

I totally disagree. I just finished a build without using a realtor and I negotiated just fine. I got good extras and incentives from the builder. It was nice to be able to make my decisions without running everything through a realtor. It was also nice to avoid the pressure realtors often bring to 'closing the deal'.

You say 'find someone you like and who knows the area', but I say your time is better spent in researching the builders in that area to find out their reputations, their floorplans you like, and what incentives they offer. Learning the incentives is very important since it can be used as a negotiating tool between competing builders.

Sorry to steer this thread into O/T waters, but I felt an alternate viewpoint to kcoole was needed.

Edited by Timnwendy

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I appreciate your point of view. Some people have time to do a lot of research themselves and are comfortable negotiating for themselves. I'm sure you did a great job! I know a lot of Realtors can be high pressure. Personally, I am not one of them. I've actually talked a few people out of buying or selling for a number of reasons. That said, a good Realtor doesn't have to research the builders, because he/she already knows their reputations. They also already know the various neighborhoods and incentives. A Realtor should be used as a resource to help you collect floor plans you will like, neighborhoods that meet your needs, and incentives to help you get the best deal. They should not pressure you or make you feel rushed. They should compile neighborhood statistics, help you compare sold prices, and help you find the best mortgage deal. They should do the hard work so that you can enjoy the process. Many people, especially those new to the area (as are a lot of people in these posts) and first time home buyers, are intimidated by the process and spend a lot of time "kissing frogs". A lot of people just don't have time to do all the foot work that you did for yourself. You probably knew the exact price/sq ft you should pay for your house, but a lot of people simply don't know where to start...

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You could try River Park or River Park West.  The houses are about ten years old or less.  Right off of HIghway 59.  You won't have to deal with traffic entering and exiting the neighborhood like you would have to if you live in Greatwood.  It's only ten minutes to Sugar Land.  There is shopping at the Grand Parkway and one exit south of River Park West there is tons of shopping.

 

And you'll be on the high side of the Brazos River.  There is a reason the original settlers of Richmond/Rosenberg settled there and not in Sugar Land.  High ground.  That area where they built Telfair used to flood.  I don't know how much water those berms they built around the neighborhood will keep out.  Looks pretty iffy to me.  Just some things to think about.

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Guys, thanks so much for replying - I can see now why Telfair is more expensive. Actually my budget is around 260/270, which is the maximum that I can afford - at the same time I want something as close as possible to hwy 59 and the house shouldn't be more than, say 3 years old. I guess, with my budget, Telfair is out of question - is there a chance I can look elsewhere to satisfy my requirements ( Greatwood ofcourse, as you guys pointed out, is a place I need to go and look at ) - any other suggestions?

thanks

 

River Park (Sugar Land) or River Park West (Richmond).  Ten minutes from Sugar Land.  Low traffic.  High side of river.  Shopping one exit north or south.  Hospitals.

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You could try River Park or River Park West.  The houses are about ten years old or less.  Right off of HIghway 59.  You won't have to deal with traffic entering and exiting the neighborhood like you would have to if you live in Greatwood.  It's only ten minutes to Sugar Land.  There is shopping at the Grand Parkway and one exit south of River Park West there is tons of shopping.

 

And you'll be on the high side of the Brazos River.  There is a reason the original settlers of Richmond/Rosenberg settled there and not in Sugar Land.  High ground.  That area where they built Telfair used to flood.  I don't know how much water those berms they built around the neighborhood will keep out.  Looks pretty iffy to me.  Just some things to think about.

 

RiverPark is not the same market/class as Telfair; it's lower-end in comparison. The school district is different and the schools don't rank as well as the ones in Greatwood or in much of FBISD. Unfortunately, the nickname locally River Park has of "Poor Man's New Territory" has some validity to it. The only reason Sugar Land annexed it was because of the tax revenue from the big shopping center anchored by the HEB. And the reason it's protected from flooding is no different than Telfair, First Colony, etc... it has a LID tax as well. As far as River Park West... that's almost to Rosenberg.

I've been in the Sugar Land area for a decade... the best current alternatives to Telfair as far as similar developments (but obviously lower prices because the locations aren't as convenient to central Sugar Land) are Riverstone and Aliana.

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