Greenville, SC, is One of the Best Homebuying Cities for Managers
April 5, 2019
Some people follow their jobs to a new location. Others decide where they want to live and pursue their career from a newfound happy place. When you’re factoring in the possibility to affordably buy a home rather than long-term renting, PropertyShark and Cothran Homes have done some of the homework for you—and Greenville, SC, is one of the best homebuying cities for managers.PropertyShark’s research examined median living costs in cities across the U.S. Then they compared incomes for a long list of occupations to determine how much disposable income could be tucked away for a down payment on a home.Greenville ranked 8th of all cities where management professionals could follow a faster path to homeownership than many other metros. The median cost of living (including rent) is $4,351 per month. The monthly median income for someone in management is $6,283. That leaves $1,932 that can be put aside each month toward a down payment. With the median home value estimated at $282,900, it would take 30 months to save 20% of the purchase price ($56,850).Buy a home sooner with Cothran HomesWhy wait 2 ½ years to buy a home? Cothran Homes’ focus on building affordable luxury puts you on the fast track to ownership. Our communities of single-family homes and townhomes are situated in Greenville’s most appealing suburbs. Work in the beautiful Southern city of Greenville and come home to the quiet, maintenance-free lifestyle that lies just a few miles beyond.Our townhomes are priced from the $180,000s—far below the median home cost in the PropertyShark study. In fact, for less than the $282,900 estimated median price, you could buy a 2,449-square-foot townhome in the gated community of The Reserve at Asheton Lakes. The Sutton floor plan offers 3 spacious bedrooms—with a first-floor master suite—2.5 baths, and 2-car garage. Upstairs, The Sutton has the 2 secondary bedrooms, plus a flex room and loft. Who can’t use extra space? Convert the study to a fourth bedroom, or maybe use it as a home office, guest room, playroom, hobby studio, library, exercise space, or a man cave. This floor plan offers the option of going even bigger with a bonus room that adds more than 300 square feet of living space on the second floor.Right now, Cothran Homes has two, move-in ready townhomes available at The Reserve at Asheton Lakes: 15 Sweetspire Lane ($275,700) and 5 Sweetspire Lane ($278,700). These townhomes give you the added bonus of more freedom. Forget about the time and effort of exterior maintenance because it’s included.Thinking about something a bit smaller? Cothran Homes’ townhomes start at 1,550 square feet. The Townes at Eastside in Taylors and The Townes at Brookwood in Simpsonville are ready and waiting with move-in ready townhomes from $184,290 to $194,915.Lower down payment and closing cost creditsYou don’t have to wait till you have saved a 20% down payment. You can purchase a home for 3.5% down with the FHA home loan program. Veterans may qualify for zero down payment with the VA home loan. Cothran Homes is also offering closing cost credits. Contact us to get the just rewards for your hard work.