Exploring Spokane's New Construction Community: Stone Hill by Lennar in Liberty Lake

  Today we are taking a close look at one of my favorite new construction communities in Spokane, Washington. Situated in Liberty Lake, Stone Hill by Lennar offers a range of homes in the mid-price point, from four to six hundred thousand dollars. This community has a lot to offer and could be an excellent investment opportunity in the Spokane area. Join me as we delve into the exciting features and amenities this development has to offer.   Location and Proximity: Stone Hill is located on the eastern edge of Liberty Lake, offering residents easy access to both Coeur d'Alene, Idaho, and downtown Spokane. This makes it an ideal choice for those who love the idea of living near Idaho but prefer more affordable options. The proximity to both cities makes dining, entertainment, and outdoor activities easily accessible.   Lennar as a Builder: Lennar, a relatively new builder in Spokane, has gained a reputation for its high-quality construction and appealing floor plans. Stone Hill is their largest project in the area, and the standard finishes, layouts, and options offered by Lennar have attracted many homebuyers.   Diverse Housing Options: Stone Hill offers a wide variety of housing options, catering to various needs and preferences. You can find homes with three bedrooms and two baths, as well as larger five-bedroom, three-bath houses. Additionally, there are townhomes available in the community, providing even more diversity in housing choices.   Community Development and Amenities: The development of Stone Hill is carefully planned, offering a mix of housing types, including townhomes and potential future apartments. The community will have several parks, creating a family-friendly environment for residents to enjoy. The addition of commercial shops and amenities in the future will add to the overall appeal of this neighborhood.   Strategic Pricing and Investment Potential: Stone Hill's early phase construction presents an excellent opportunity for buyers to get in at a discounted price. The Hazelwood and Golden Wood models, for instance, have seen price increases within just a few months, showcasing the community's strong investment potential. Lennar is planning for phases two and three to be even more profitable, making Stone Hill a compelling long-term investment option.   If you're considering a new construction home in the Spokane area, Stone Hill by Lennar in Liberty Lake should be high on your list. The community's strategic location, quality construction, and diverse housing options make it an attractive choice for both homebuyers and investors. With its proximity to both Spokane and Coeur d'Alene, along with planned amenities and commercial spaces, Stone Hill has all the ingredients to become a thriving and sought-after neighborhood. Whether you're looking for a primary residence or a profitable long-term investment, consider exploring the offerings of Stone Hill by Lennar. Don't miss out on this fantastic opportunity to be part of a vibrant and growing community in the Spokane area.

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Top 9 Neighborhoods in Spokane Washington (According to Locals!)

  Welcome back to our exploration of the nine best suburbs in Spokane, Washington. In this blog, we'll be using crowd-sourced ratings from niche.com, a publicly sourced rating website for schools, neighborhoods, and more. However, I must mention that as a licensed realtor in Spokane, I am bound by fair housing laws, which means I can't be overly biased about neighborhoods. Let's dive into the ratings and my insights into these suburbs.   #9 Spokane Valley Spokane Valley ranks ninth on our list with 273 votes. It received a B for schools, C+ for housing, B for families, C for safety, A- for nightlife, and B+ for diversity. The C+ for housing may be due to the area's higher prices compared to other parts of Spokane, and the C for safety might be better understood by looking at a crime map.   #8 Town and Country Town and Country is a small area in North Spokane, and it received a B+ for schools, B+ for housing, B+ for families, no rating for safety, B- for nightlife, and B for diversity. It's a straightforward neighborhood with mid-400s to mid-500s in median home prices.   #7 Cheney Cheney is a college town, home to Eastern Washington University. It got a B- for schools, C- for housing, B for families, no rating for safety, A- for nightlife (surprisingly), and B for diversity. The nightlife might be attributed to college activities, but overall, it's more of an agriculture and blue-collar town.   #6 Mead Mead ranks fourth and stands out with an A- for schools, B for housing, B+ for families, no rating for safety, C+ for nightlife, and B for diversity. The Mead School District is highly rated, making it a popular choice for families.   #5 Millwood Millwood is a cute little community on the north side of Spokane. It received a B- for schools, B for housing, B+ for families, no rating for safety, B+ for nightlife, and B for diversity. It's a good first-time homebuyer area and offers decent investment opportunities.   #4 Medical Lake Located on the West Plains, close to the Air Force Base, Medical Lake received a B for schools, A- for housing, B+ for families, no rating for safety, B- for nightlife, and B for diversity. It's a supportive community for military families.   #3 Country Homes and #2 Fairwood Country Homes and Fairwood, both close to Town and Country, received similar ratings. Country Homes has a slight edge, with an A- for schools, B- for housing, B+ for families, no rating for safety, B+ for nightlife, and B for diversity. These neighborhoods are excellent options in North Spokane.   #1 Liberty Lake Liberty Lake is highly regarded, ranking first with 50 votes. It boasts an A- for schools, B for housing, A for families, B- for safety, B- for nightlife, and B for diversity. Its popularity is attributed to its proximity to Idaho and the affordability compared to Idaho's housing market.   While these crowd-sourced ratings offer some insight, remember that everyone's experiences and preferences differ. When looking for a neighborhood in Spokane, it's best to consult with a local real estate professional for a more nuanced and personalized information.

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Here's Why Real Estate Remains the Top Investment Choice

In an ever-changing financial landscape, investors are constantly on the lookout for opportunities to secure their financial future. Over the years, numerous investment options have emerged, each with its promises and risks. However, one asset class continues to stand the test of time and has garnered consistent support from investors worldwide: real estate. In this blog post, we delve into the reasons why real estate continues to be voted the best long-term investment, outshining gold, stocks, bonds, and more, according to a recent Gallup poll. Let's explore the benefits of owning real estate as a stable and secure investment and how it can pave the way to a brighter financial future.   #1 Consistent and Reliable Returns Real estate has proven to be a consistent performer when it comes to generating returns over the long term. Unlike the volatility that often plagues the stock market, real estate values tend to appreciate steadily, with minor fluctuations during economic downturns. Properties in prime locations are especially sought after, making them a reliable source of income through rental yields and potential capital appreciation.   #2 Hedge Against Inflation One of the significant advantages of investing in real estate is its ability to act as a hedge against inflation. As the cost of living rises over time, so does the value of real estate. This means that property owners can enjoy increased rental income and witness their property's overall value grow, effectively preserving and increasing their wealth.   #3 Tangible and Understandable Asset Real estate is a tangible asset that investors can see, touch, and understand. Unlike complex financial products or investment vehicles, owning real estate is relatively straightforward, even for those with little investment experience. This simplicity and familiarity provide a sense of security, especially for individuals who prefer a more hands-on approach to their investments.   #4 Diversification of Investment Portfolio Smart investors know the importance of diversifying their portfolios to spread risk and enhance overall returns. Real estate offers an excellent opportunity to diversify, especially for those with heavy exposure to stocks or other financial instruments. By including real estate in their investment mix, individuals can create a well-balanced portfolio that can weather different economic conditions.   #5 Tax Benefits Investing in real estate can offer numerous tax benefits, depending on your states's tax laws. Tax deductions on mortgage interest, property taxes, and depreciation can significantly reduce your overall tax liability. These tax advantages can boost your cash flow and overall return on investment, making real estate an attractive option for wealth building.   #6 Potential for Passive Income One of the most appealing aspects of real estate investment is the potential for passive income. Owning rental properties allows investors to generate a steady stream of income without having to actively participate in the daily operations. This passive income can supplement your regular earnings and provide financial stability, especially during retirement.   Real estate has proven its mettle time and again as the best long-term investment, and it's not difficult to understand why. With consistent and reliable returns, the ability to hedge against inflation, tangible and straightforward asset management, portfolio diversification opportunities, tax benefits, and potential for passive income, real estate offers a myriad of advantages that other investment options struggle to match. However, it's crucial to remember that like any investment, real estate carries its risks and requires careful research and planning. Consulting with a local real estate agent can provide valuable insights into the market and guide you towards making informed decisions.

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