{"id":46792,"date":"2021-11-29T19:00:55","date_gmt":"2021-11-30T00:00:55","guid":{"rendered":"https:\/\/thelaurelofasheville.com\/updatestage\/?p=46792"},"modified":"2021-11-29T18:45:03","modified_gmt":"2021-11-29T23:45:03","slug":"walnut-cove-realty-is-creating-inventory-with-luxury-spec-home-program","status":"publish","type":"post","link":"https:\/\/thelaurelofasheville.com\/updatestage\/communities\/walnut-cove-realty-is-creating-inventory-with-luxury-spec-home-program\/","title":{"rendered":"Walnut Cove Realty is Creating Inventory with Luxury Spec Home Program"},"content":{"rendered":"
\"\"

White Tree Trail<\/p><\/div>\n

By Emma Castleberry<\/p>\n

The real estate market in Asheville and the surrounding area is facing a lack of inventory, a problem that\u2019s plagued homebuyers and agents for years now. People don\u2019t want to move out of their homes and leave this desirable area, and there is limited space for building new homes. Whereas areas like Las Vegas and Houston can simply expand outward into flat land, Western North Carolina struggles with steep slope building guidelines and mountains that naturally limit the creation of new inventory. As an answer to this problem, Walnut Cove Realty has started the innovative Luxury Spec Home program.<\/p>\n

\"\"

White Tree Trail<\/p><\/div>\n

\u201cIt came out of a grassroots effort,\u201d says Josh Smith, president of Walnut Cove Realty. \u201cWe continued to see people coming out of areas like Houston, Chicago and the northeast and there wasn\u2019t anything for them to buy.\u201d Walnut Cove partnered with their trusted builders and residents of The Ramble and Walnut Cove to fund the construction of several large, luxury homes. The Walnut Cove Realty team drew on their extensive experience with the market and the modern buyer to build a house with all the popular features, many of which have become more important since the pandemic: an office on the main level for working from home, flex space for hobbies and a home gym, and\u2014perhaps most importantly\u2014a short build time.<\/p>\n

By starting the homes before they\u2019re purchased and anticipating demand, buyers can come in later in the construction process and implement the finishing touches to personalize their space. \u201cThey can pick floors and paint and granite and hardware on cabinets, and they feel like they just designed their home, but they don\u2019t have to spend 45 days closing on the lot and six months with a designer before building even starts,\u201d says Smith. \u201cIt takes a year when you\u2019re trying to figure out the whole design process.\u201d With the Luxury Spec Home program, the builder uses general consumer patterns to create a plan, the neighbors raise the money, the home is built and \u201cthe buyer ends up buying it just like it\u2019s for sale,\u201d says Smith. \u201cThe neighbors are willing to invest in providing product to further enhance their neighborhood.\u201d<\/p>\n

\"\"

(From left) Walnut Valley Parkway, White Tree Trail, Walnut Valley Parkway<\/p><\/div>\n

Butch Heatherly of Heatherly Construction was one of the founders of this unusual approach and the first to partner with Walnut Cove Realty to create a luxury spec home. \u201cIn 2016 and 2017, all of our clients were coming in and looking for product and there was nothing,\u201d says Heatherly. \u201cI went to my designer and architect and I said, \u2018I want to design a house that 90 percent of the market is going to like.\u2019 I want to build a nice, luxury home that is drawing from a large database.\u201d The first house built by Heatherly Construction at Walnut Cove sold before the foundation was even laid, and that success has continued as the partners have really dialed into what buyers want. \u201cIt has allowed us to create something that\u2019s really marketable and also have some fun with it,\u201d he says. Heatherly helps buyers understand how to spend their money wisely on beautiful features that matter, such as the distinctive, free-floating staircase that he\u2019s placed in many of the homes.<\/p>\n

Tom Dillard of Dillard Jones Construction is also working on two homes\u2014one in The Ramble and one in Walnut Cove\u2014as part of the Luxury Spec Home program. \u201cPeople can come in and it\u2019s already up and going,\u201d he says. \u201cFrom furniture to the lighting plan to the permitting. We have those details figured out so it\u2019s faster and efficient, and they get what they want sooner: a-state-of-the-art home.\u201d<\/p>\n

Dillard says the home being built in Walnut Cove is located on the golf course with beautiful views of the mountains. At about 5,500 square feet, the home provides plenty of space for entertaining, and the convenient location near the community\u2019s gate allows for quick access into town. Dillard says the luxury spec home they\u2019re working on in The Ramble is designed for a family: a two-story home with plentiful outdoor living space on the main floor. Both communities offer a beautiful, natural setting, incredible \u201cplug-and-play\u201d amenities, and an active, engaged collection of neighbors.<\/p>\n

\u201cFor the foreseeable future, in our part of the region, it\u2019s going to be hard to get enough product in front of consumers,\u201d says Smith. \u201cThey\u2019re coming, and as long as that\u2019s the case, we\u2019ll continue to work hard to provide them with excellent homes in beautiful neighborhoods.\u201d<\/p>\n

For information, visit WalnutCoveRealty.com<\/a>, HeatherlyConstruction.com<\/a> and DillardJones.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With the Luxury Spec Home program, the builder uses general consumer patterns to create a plan, the neighbors raise the money, the home is built and \u201cthe buyer ends up buying it just like it\u2019s for sale,\u201d says Josh Smith of Walnut Cove Realty. \u201cThe neighbors are willing to invest in providing product to further enhance their neighborhood.\u201d<\/p>\n","protected":false},"author":14,"featured_media":46795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,1],"tags":[],"class_list":["post-46792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builders","category-communities"],"yoast_head":"\nWalnut Cove Realty is Creating Inventory with Luxury Spec Home Program - The Laurel of Asheville<\/title>\n<meta name=\"description\" content=\"With the Luxury Spec Home program, the builder uses general consumer patterns to create a plan, the 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