I’m often asked why we don’t have more basement homes in Arizona. While they are common in other parts of the country, it really wasn’t until recently that builders focused on building basement homes partly because they can take up to an additional 30 days to build and can add $40-$50 dollars more per square foot to the price of the property. Also, in Arizona, we only have to dig about 18 inches to put in a foundation for a non-basement home while in colder parts of the country, they have to dig several feet below the frost line therefore a little more digging is not that much extra in cost. One of the benefits of a basement home is the two stories with the one level being underground. This creates a more constant temperature while reducing heating and cooling costs. While you may pay more for a basement home, the energy savings over years can be significant. In the Chandler, Gilbert, Queen Creek area, there are currently 82 Active Basement Home Listings that range from $170,000 to $5,000,000 and 2,142 square feet to 12,415. There are 21 pending basement properties totaling $8,775,000 in value. 40 basement homes have closed in the past 3 months alone with those prices ranging from $121,000-$875,000 and totaling $16,236,000 in sales.
Some of the communities with basements include but are not limited to AGRITOPIA ALAMOSA ESTATES ARDEN PARK ARTESIAN RANCH Brentwood Acres CARRIZAL-Z Chandler Heights Citrus Circle G at Highlands West Circle G at Ocotillo Circle G Meadows Circle G Ranches COMANCHE HEIGHTS Cooper Corners West CORONADO RANCH EDEN ESTATES Estates at McQueen Freeman Farms Geneva Estates Groves of Queen Creek HARBOR POINT Harbour Club Highland 5 ISLAND at OCOTILLO MONTELENA Montelena NAUVOO STATION NORTHLAKE Oakwood Hills Pinelake Estates Pineridge POWER RANCH Queen Creek Ranchettes REGATTA AT VAL VISTA LAKES Sawyer Estates Shadow Ridge Sossaman Estates SOUTHERN SHORES AT WIND DRIFT Spring Meadows SPYGLASS BAY Stellar Airpark Estates Stonehenge Sun Groves The Harbour at Val Vista Lakes THE ISLANDS Trovita TUSCAN SPRINGS Val Vista Lakes VALENCIA VASARO Villages at Queen Creek Vista Alegre WESTON RANCH Whitewing At Wiehl Estates.
Some of the builders that are now or in the past have built basement homes are: Continental Homes Forte Homes Fulton Homes Golden Heritage Homes Great Western Homes M/I Homes Monterey Homes Ryland Homes Scott Homes Sivage Thomas Homes Southwest Homebuilders T.W. Lewis Company Toll Brothers VIP Homes
If you’re looking for a basement home, feel free to give me a call. Stephanie Weiss 480.273.7472 http://StephanieWeissMoves.com