| Frequently Asked Questions
How does owning a home compare to renting? The two don't really compare at all. By renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing. Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that's an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it. If you would like to find out more about owning a home visit the US Housing Department Website. Why Krause Construction? For over 20 years, Krause Construction has dedicated itself to fulfilling the dreams of its homebuyers, and Stonegate is no different. From the first step on, our representatives will make your homebuilding process enjoyable. Let our experience, customer service, attention to detail take you into your first, next or final home. We pride ourselves on providing our customers with all the information they need to keep the process on time and under the intended budget. Let Krause Construction build your next home and make your dreams come true. Why Manhattan, Illinois? Whether it’s your first home, or your last, Stonegate of Manhattan has it all. From a peaceful community, set amidst some of the state’s most beautiful resources, to a growing business community, there’s something for everyone. And with one of the best school districts in the country, your children’s education will thrive. If I work in Chicago, how will this affect my commute? By car or by train, getting to work will be the easiest part of your day. Only a 45 minute drive separates you from the bright lights of the city atmosphere. And with Manhattan’s central location to several interstates, trips on I-80, I-355, I-55, and I-57 are within minutes. For those looking to take the train to and from work, the recent addition of a Metra station makes it “the way to really fly.” |
 How can I personalize my home?
If you can dream it, we can build it. A Krause Construction representative will take you step by step through the home building experience. With an assortment of floor plans and add-ons the sky is the limit. Contact us today to take the next step. I’m a first time buyer and the cost of a single family house may be over my head. Can I still afford to live in Stonegate? YES. With our affordable villas, anything is possible. With our easy-to-use finance calculator, estimating you payments is easier than ever. To speak with one of our financial advisors, contact Nancy Guldenbecher with Homestar. What do I need to have with me when applying for a Mortgage? If you have everything with you when you visit your lender, you'll save a good deal of time. You should have: The social security numbers for person(s) applying for loan. Copies of your checking and savings account statements for the past 6 months. Evidence of any other assets you may have like bonds or stocks. A recent paycheck stub detailing your earnings. Lists of all credit card accounts and the approximate monthly amounts owed on each. Account numbers and balances due on outstanding loans, such as car loans. Copies of your last 2 years' income tax statements. The name and address of someone who can verify your employment. you may also be asked to provide other information as needed. What is SSA, and how will it affect me? SSA’s are costs connected with ownership of the property to pay for infrastructural improvements. Often times the cost is lower for each owner rather than if the developer rolls cost into sale of home. Including in these improvements are Street Lighting, Curbs, Street Improvements, Storm Sewers, Snow/Trash Removal, and Sanitary Sewers. To find out how the SSA will affect your tax bill speak with your real estate representative. More info When can I move into Stonegate? Stonegate will have its model homes and villas available for viewing my early November. Once you have taken the next step towards building your home, the future is not far away. With only just under 100 home sites, the Stonegate community will be filling fast. The sooner you begin the process, the closer you are to making your dreams come true. |