Homebuilder Intracorp Makes Case for Renters to Buy in Uptown Irvine at C2E
IRVINE, Calif., September 12, 2018 (Newswire.com) - As one of the first for-sale communities in Uptown Irvine, C2E Irvine by Intracorp is part of a new wave of residential development entering the Irvine Business Complex offering OC renters the opportunity to secure the lowest prices and largest financial gains in this residential hot spot in central Orange County. However, the decision to buy or rent a home involves many factors. Things such as lifestyle, income requirements, real estate investment goals and interest rates all play a role in the decision to buy a home.
“Close to everything cultured, connected and happening in the area, including the best restaurants and bars, top entertainment venues, beaches and outdoor recreation, John Wayne Airport and one of California’s most important employment centers in the Irvine Business Complex, C2E is giving renters an attractive entry point into Uptown Irvine real estate,” states Community Sales Manager, Rebecca Travell-Szemes.
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One of the biggest benefits of buying at C2E right now is still-favorable interests rates. Although the Federal Reserve has raised its key interest rate, the average mortgage rate is still hovering in the low 4%.
Conversely, the cost of renting is quickly rising. Based on data from RentJungle.com, the average rent for an apartment in Irvine was $2,431 which represented a 6.46% increase from 2017 when the average rent was $2,274. The average apartment rent over the prior six months in Irvine increased by $175 (7.8%).
Buying a home is the highest and best use of your money if you’re trying to accumulate wealth, and many experts agree. “‘I am a true believer that you save every penny and you buy your first house. That is still the fastest path to wealth in this country,’” stated real estate mogul Sean Conlon to CNBC last year.
For many people, buying a home is their first important step in financial planning, with the home’s equity becoming a “savings account.” In Southern California, and Irvine specifically, the upside potential is proven. Irvine home values have gone up 5.9% over the past year and Zillow.com predicts they will rise up to 10% within the next 12 to 18 months.
NeighborhoodScout.com reports, “In the last ten years, Irvine has experienced some of the highest home appreciation rates of any community in the nation. Irvine real estate appreciated 28.78% over the last ten years, which is an average annual home appreciation rate of 2.56%, putting Irvine in the top 20% nationally for real estate appreciation.
OC renters are are invited to visit the C2E community sales office and tour four model homes. Located at 2286 Synergy, Irvine, CA 92614, C2E is just off Von Karman Ave. between McGaw Ave. and Alton Pkwy., model homes are open Monday through Sunday, 10 a.m. – 6 p.m. and Wednesday, 1 p.m. – 6 p.m. Quick move-in specials are available for a limited time and brokers receive a 2.5% referral fee. For more information, visit C2EIrvine.com. In addition to fresh, modern design, C2E offers homeowners upscale community amenities such as a private pool, entertainment courtyard with grills for barbecuing, a private park and a kid-friendly play area.
Developed by Intracorp, C2E (C2EIrvine.com), is a new community of 71 contemporary townhomes in Uptown Irvine making a strong case for buying an upscale, lock-and-leave home in Orange County’s cosmopolitan heart. With prices starting from the mid $800,000s and featuring open-concept plans that range from 1,245 to 2,039 sq. ft. designed by award-winning Southern California architects, JZMK Partners, C2E townhomes offer two to four bedrooms, direct-access two-car garages, modern kitchens made for entertaining and large windows that maximize natural light, all for monthly payments that better those of nearby rentals. No Mello Roos, low HOA fees, and a low tax rate make it all the more enticing to live in the center of Irvine and own it.
Developing communities in six urban regions in North America, Intracorp has established itself as a real estate developer that delivers extraordinary experiences to homeowners. As one of North America’s largest developers of multi-family homes, Intracorp has delivered more than twenty-two thousand homes in 176 communities. The company grew out of founder Joe Houssian’s first business venture, Intrawest, which was founded in 1976. It began as an urban residential real estate business and transformed into an internationally renowned resort and real estate development company credited with the success of several preeminent ski resorts such as Whistler Blackcomb. Intracorp currently develops outstanding communities in British Columbia, Ontario, Washington State and California. C2E is part of the company’s collection of residential for-sale developments in Uptown Irvine. Its neighboring properties include LUX, an exclusive community of only 39 boutique townhomes in the award-winning Irvine School District opening in Fall 2018, and MDL, a modern, amenity-rich community of 137 townhomes coming in early 2019.
Categories: Real Estate