Alliance Homebuilders Christens Luxury Division And Bets Big On Nashville's High End Affordability
Nashville home sales slump but luxury market remains reasonable
versus other areas of nation.
Brentwood, TN (PRWEB) April 3, 2008 -- To say that the near term future of real estate is an enigma for many in this country would be an under-statement. But while sluggish homes sales and foreclosures are on in the rise in almost every city across the country and many homebuilders are cutting back on production, Brentwood, TN residential construction specialist Alliance Homebuilders is taking a contrarian's approach to development and betting big on the affordability of the luxury home market in Nashville with the release of a 6,922 square foot luxury home at 1332 Radnor Glenn Drive and a 9,000 square foot mansion at 9538 Sunbeam Court in Hampton Reserve.
"In a desirable section of California or New York even a modest 3,000 square foot home is going to cost in the ballpark of $1.5 million. Here in Nashville, for that same money, you can get two, or even three times the home," states Houston Sarratt, president of Alliance Homebuilders. "I've been meeting people who have moved here from the coastal states and they are just blown away by how much house you can get for your money…I'm not concerned about finding a buyer for our projects because for a lot of people moving in from out of town these homes are a steal."
Although affordability may be a large factor as to why luxury homebuyers are flocking to Nashville, there is one common factor that most discerning buyers are searching for in a home purchase - amenities. "It's not just about square footage anymore," says Sarratt. " High end purchasers have come to expect things like Viking appliances, outdoor kitchens, separate master bath suites, elevators and movie theatres…so that's how we build them." Alliance Homebuilders also offers an extended two-year warranty on their spec and custom homes.
Uncertain interest rates and tightening lender practices are making affordability tough in the middle and lower end of the market. Luxury home purchasers however are generally more impervious to the volatility of the home market and base their decisions to buy less on price and more on the amenities that a home has to offer as well as its location. "We have a client that just relocated from the west coast and is planning to build a 12,000 square foot estate on a 2.5 acre lot in Cambridge Downs," continues Sarratt, "back in California they couldn't have afforded to make that dream happen….thank God for Nashville."
Alliance Homebuilders is a custom homebuilder specializing in luxury homes, town-homes and country estates. Since 1999, they have served the residence of the greater Nashville area from their office at 7101 Church Street in Brentwood. Alliance can be reached at 615-373-3123.
If you are interested in viewing either of these exceptional estates sized homes contact Laura Sarratt of Realty Executives at 615-308-3488.
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