City of Chandler Favors Builder over Fulton Ranch Residents

March 5, 2009 at 11:00 am Leave a comment

A story published in the March 4 edition of the Chandler Republic reported that Chandler’s City Council unanimously approved Fulton Homes’ request to build less-expensive homes in South Chandler’s tony community of Fulton Ranch.

The decision to allow Fulton Homes to build cheaper homes is meant to save the already struggling home builder from abandoning the posh development and see it through to completion, which will benefit the city with more development fees and property taxes.

The City Council also agreed to allow the builder to reduce the separation between two-story homes to 15 feet from 20 feet. Fulton Homes will be allowed to build smaller-sized homes than originally planned — from 2,320 square feet to 1,973 square feet. New homes will be priced starting at $350,000.

Many residents were angry at Fulton Homes’ request because they feel Fulton will devalue their million-dollar homes by building cheaper houses in the same subdivision. Residents were victorious in temporarily stopping the builder from selling cheaper homes when the City Council postponed its decision at a meeting last month.

I had a feeling that the residents of Fulton Ranch would be denied in their bid to block Fulton Homes’ request. The builder has no control over the real estate market. By selling cheaper homes, they are saving the current homeowners from an unfinished development that would sap their homes’ values even further. I have nothing against people who have million-dollar homes except that sometimes it seems they tend to overreact when it comes to money. Nothing is potentially lost until you SELL! If you are not thinking of selling your home NOW, then don’t worry about home values NOW

Entry filed under: Arizona Real Estate, Chandler Real Estate, Phoenix Real Estate.

Video on the Details of the Revised $8,000 First-Time Home Buyer Tax Credit Home Buyer’s Seminar A Success

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed